Civic Intelligence

Sc Launch Inc.

990 • Fiscal year 2013 • EIN 20-4692622

Jul 01, 2012 to Jun 30, 2013 • Filed on May 12, 2014

1000 Catawba Street29201
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

90th percentile

39%

Faster asset growth than 90% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,950,660

Up $545,589 (+39%) from 2012

Net Assets

Up

$1,950,660

Up $545,589 (+39%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,431,585

Up $17,466 (+0.7%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $567,511Liabilities 2010: $0Net Assets 2010: $567,5112010Assets 2011: $971,489Liabilities 2011: $0Net Assets 2011: $971,4892011Assets 2012: $1,405,071Liabilities 2012: $0Net Assets 2012: $1,405,0712012Assets 2013: $1,950,660Liabilities 2013: $0Net Assets 2013: $1,950,6602013Assets 2014: $5,860,144Liabilities 2014: $0Net Assets 2014: $5,860,1442014Assets 2015: $4,696,483Liabilities 2015: $0Net Assets 2015: $4,696,4832015Assets 2016: $3,797,643Liabilities 2016: $3,198Net Assets 2016: $3,794,4452016Assets 2017: $24,681,063Liabilities 2017: $0Net Assets 2017: $24,681,0632017Assets 2018: $8,965,734Liabilities 2018: $0Net Assets 2018: $8,965,7342018Assets 2019: $10,398,418Liabilities 2019: $0Net Assets 2019: $10,398,4182019Assets 2020: $10,624,118Liabilities 2020: $10,000Net Assets 2020: $10,614,1182020Assets 2021: $12,299,474Liabilities 2021: $0Net Assets 2021: $12,299,4742021Assets 2022: $12,983,051Liabilities 2022: $0Net Assets 2022: $12,983,0512022Assets 2023: $13,860,401Liabilities 2023: $0Net Assets 2023: $13,860,4012023

Highlighted filing

2013

Assets$1,950,660
Liabilities$0
Net Assets$1,950,660

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $3,196,8652010Expenses 2011: $2,683,0512011Expenses 2012: $2,414,1192012Expenses 2013: $2,431,5852013Revenue 2014: $6,725,935Expenses 2014: $2,815,851Net Income 2014: $3,910,0842014Revenue 2015: $3,040,522Expenses 2015: $3,076,350Net Income 2015: -$35,8282015Revenue 2016: $2,460,423Expenses 2016: $1,481,284Net Income 2016: $979,1392016Revenue 2017: $9,564,827Expenses 2017: $2,878,469Net Income 2017: $6,686,3582017Revenue 2018: $2,888,855Expenses 2018: $3,124,214Net Income 2018: -$235,3592018Revenue 2019: $2,314,245Expenses 2019: $2,384,409Net Income 2019: -$70,1642019Revenue 2020: $3,087,507Expenses 2020: $3,204,776Net Income 2020: -$117,2692020Revenue 2021: $3,762,401Expenses 2021: $2,102,598Net Income 2021: $1,659,8032021Revenue 2022: $2,975,171Expenses 2022: $1,741,077Net Income 2022: $1,234,0942022Revenue 2023: $3,205,150Expenses 2023: $2,112,235Net Income 2023: $1,092,9152023

Highlighted filing

2013

Revenue-
Expenses$2,431,585
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 12, 2014
Return Version
2012v2.1
Gross Receipts
$2,984,224
Mission and Program Overview

Mission

Fuel south carolina's innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship and industry.

Filing and Contact Details

Filer

EIN
20-4692622
Raw XML AppendixShowing 400 of 546 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: SC LAUNCH, INC. PROVIDES FUNDING TO SC BASED EARLY-STAGE COMPANIES WHO HAVE APPLIED FOR AND MET THE SC LAUNCH PROGRAM QUALIFICATIONS, HAVE REACHED CERTAIN MILESTONES AND DUE DILIGENCE REQUIREMENTS AND HAVE BEEN APPROVED FOR FUNDING BY THE SC LAUNCH BOARD OF DIRECTORS. AS PART OF ITS PROCESS OF GRANTING FUNDS TO SUCH COMPANIES SC LAUNCH ENTERS INTO FINANCING AND PROMISSORY OR STOCK PURCHASE AGREEMENTS ("INVESTMENTS") WITH THE COMPANIES. WHILE THE OVERRIDING AND PRIMARY OBJECTIVE OF THE INVESTMENTS IS TO INCREASE OPPORTUNITIES FOR EMPLOYMENT OF CITIZENS OF SC AND TO PROMOTE AND ENCOURAGE EXPANSION OF THE RESEARCH AND DEVELOPMENT INDUSTRY SECTOR, THE FINANCING AGREEMENTS PROVIDE FOR SOME POTENTIAL RECOVERY OF FUNDS BASED ON THE COMPANIES' FUTURE FINANCIAL SUCCESS. EACH RECIPIENT OF AN SC LAUNCH INVESTMENT IS REQUIRED TO SUBMIT QUARTERLY AND ANNUAL FINANCIAL STATEMENTS. IN ADDITION, AS PART OF THE SC LAUNCH PROGRAM ACTIVITIES RECIPIENT COMPANIES RECEIVE ONGOING MENTORING, COACHING, NETWORKING AND ACCESS TO EXPERTISE RELEVANT TO THEIR BUSINESSES. STAFF MEMBERS OF SC LAUNCH'S RELATED ORGANIZATION, SCRA, ARE IN CONSTANT CONTACT WITH PRINCIPALS TO INSURE PROPER USE OF GRANT FUNDS AND TO PROVIDE AS MUCH SUPPORT AS POSSIBLE TO GIVE THESE COMPANIES THE GREATEST CHANCE OF SUCCEEDING AND GROWING IN SC.
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IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine15COMCLOUD CORPORATION
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine16ISI TECHNOLOGY LLC
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine17CREATIVASC MEDICAL LLC
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine18ZIPIT WIRELESS INC
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine19CLIMAX GLOBAL ENERGY INC
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine110FIRSTSTRING RESEARCH INC
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine111PANDOODLE CORPORATION
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants00
IRS990ScheduleI/TotalNbrOfOtherOrganizations012
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs094992
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs127511
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0187554
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs138774
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs029460
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs12431
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0COMPENSATION FOR THE SC LAUNCH EXECUTIVE DIRECTOR, THE CHIEF OFFICER OF SC LAUNCH, AS WELL AS THAT OF THE TREASURER AND SECRETARY IS SET BY THE PERFORMANCE AND COMPENSATION COMMITTEE OF THE SOUTH CAROLINA RESEARCH AUTHORITY (SCRA), A RELATED ORGANIZATION WHO PROVIDES SERVICES TO SC LAUNCH, INCLUDING MANAGEMENT (SEE 990 PART VI, QUESTION 3). SCRA ENGAGES AN INDEPENDENT CONSULTANT WHO ADVISES THE SCRA PERFORMANCE AND COMPENSATION COMMITTEE REGARDING COMPARABLE COMPENSATION INFORMATION FOR THE EXECUTIVES WHO SERVE AS OFFICERS FOR SC LAUNCH. COMPENSATION IS ROUTINELY REVIEWED BY THE COMMITTEE DURING REGULARLY SCHEDULED MEETINGS. THIS PROCESS HAS BEEN IN PLACE SINCE 2004, PRIOR TO THE INCEPTION OF SC LAUNCH.
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0PART I, LINE 3
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0JULIA MARTIN
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1DAVE MCNAMARA
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs019590
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs12642
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs011754
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs152957
IRS990ScheduleJ/Form990ScheduleJPartII/Title0TREASURER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$13.9$0.00$13.9$3.21$2.11$1.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$0.00$13.0$2.98$1.74$1.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.00$12.3$3.76$2.10$1.66
2020Summary only. Only limited summary data is available for this year.$10.6$0.01$10.6$3.09$3.20$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.00$10.4$2.31$2.38$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.97$0.00$8.97$2.89$3.12$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$0.00$24.7$9.56$2.88$6.69
2016Detailed filing. Detailed filing data is available for this year.$3.80$0.00$3.79$2.46$1.48$0.98
2015Detailed filing. Detailed filing data is available for this year.$4.70$0.00$4.70$3.04$3.08$0.04
2014Summary only. Only limited summary data is available for this year.$5.86$0.00$5.86$6.73$2.82$3.91
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.00$1.95$2.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.00$1.41$2.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$2.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$3.20