Civic Intelligence

Launchyourcity

EIN 26-3190220 • 501(c)3 • Collierville, TN

Profile

Launchyourcity supports the earliest stages of entrepreneurship in memphis with dynamic programs that are designed to help potential entrepreneurs to take the first actionable steps of starting a new business. Additionally, launchyourcity supplies a co-working environment to lower the economic barrier of entry to incubation along with ad hoc mentoring. For startups and businesses, launchyourcity provides memphis' only dynamic innovation economy programming to keep up-to-speed on the latest trends.

140 S Main Street Suite 3Collierville, TN 38017

www.neverstop.co

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

3.57x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.45x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-26%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

27th percentile

-7.0%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Down

$110,204

Down $90,480 (-45%) from 2022

Liabilities

Down

$393,840

Down $1,475 (-0.4%) from 2022

Net Assets

Down

-$283,636

Down $89,005 (-46%) from 2022

Revenue

Down

$881,149

Down $137,665 (-14%) from 2022

Expenses

Down

$746,121

Down $76,346 (-9.3%) from 2022

Net Income

Down

$135,028

Down $61,319 (-31%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500K-$1.0MAssets 2013: $177,772Liabilities 2013: $115,394Net Assets 2013: $62,3782013Assets 2014: $73,674Liabilities 2014: $31,005Net Assets 2014: $42,6692014Assets 2015: $219,915Liabilities 2015: $131,857Net Assets 2015: $88,0582015Assets 2016: $129,449Liabilities 2016: $95,144Net Assets 2016: $34,3052016Assets 2017: $359,810Liabilities 2017: $118,950Net Assets 2017: $240,8602017Assets 2019: $120,185Liabilities 2019: $701,879Net Assets 2019: -$581,6942019Assets 2020: $186,141Liabilities 2020: $310,166Net Assets 2020: -$124,0252020Assets 2021: $54,537Liabilities 2021: $414,452Net Assets 2021: -$359,9152021Assets 2022: $200,684Liabilities 2022: $395,315Net Assets 2022: -$194,6312022Assets 2024: $110,204Liabilities 2024: $393,840Net Assets 2024: -$283,6362024

Highlighted filing

2024

Assets$110,204
Liabilities$393,840
Net Assets-$283,636

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2013: $187,3292013Revenue 2014: $476,473Expenses 2014: $496,182Net Income 2014: -$19,7092014Revenue 2015: $924,594Expenses 2015: $879,205Net Income 2015: $45,3892015Revenue 2016: $851,774Expenses 2016: $905,527Net Income 2016: -$53,7532016Revenue 2017: $1,749,988Expenses 2017: $1,543,622Net Income 2017: $206,3662017Revenue 2019: $1,346,074Expenses 2019: $1,618,705Net Income 2019: -$272,6312019Revenue 2020: $1,512,302Expenses 2020: $1,054,633Net Income 2020: $457,6692020Revenue 2021: $661,263Expenses 2021: $897,153Net Income 2021: -$235,8902021Revenue 2022: $1,018,814Expenses 2022: $822,467Net Income 2022: $196,3472022Revenue 2024: $881,149Expenses 2024: $746,121Net Income 2024: $135,0282024

Highlighted filing

2024

Revenue$881,149
Expenses$746,121
Net Income$135,028

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$881,149
Mission and Program Overview

Mission

Launchyourcity supports the earliest stages of entrepreneurship in memphis with dynamic programs that are designed to help potential entrepreneurs to take the first actionable steps of starting a new business. Additionally, launchyourcity supplies a co-working environment to lower the economic barrier of entry to incubation along with ad hoc mentoring. For startups and businesses, launchyourcity provides memphis' only dynamic innovation economy programming to keep up-to-speed on the latest trends.

Launchyourcity supports the earliest stages of innovation and entrepreneurship in memphis with dynamic programs that are designed to help potential civic, social, and tech-based entrepreneurs and innovators develop a business model and take the first actionable steps of starting a new business or program. Launchyourcity is a practitioner of innovation driven economic development accelerating and brokering talent, technology and capital leveraging the economic assets of the region to create communities where meaningful jobs, liveable communities, inclusive societies, and collaborative governance intersect for success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,884$61,219▲ $57,335
Accounts Receivable$10,000$15,000▲ $5,000
Investments Other Securities$7,594$7,594→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$44,494$110,204▲ $65,710
Other Assets Total$23,016$26,391▲ $3,375
Liabilities
Other Liabilities$150,812$142,192▼ $8,620
Accounts Payable and Accrued Expenses$192,346$131,648▼ $60,698
Mortgage Notes Payable Secured by Investment Property$120,000$120,000→ $0
Total Liabilities$463,158$393,840▼ $69,318
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-418,664$-283,636▲ $135,028
Total Net Assets Fund Balance$-418,664$-283,636▲ $135,028
Total Liabilities and Net Assets / Fund Balance$44,494$110,204▲ $65,710

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$77,841$77,841
Other Assets Org$990--
Other Securities$994--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric MathewsCEO, President, FounderFT$125,922$125,922

Board Members and Trustees

NameTitle
Charles BeechBoard Member
Gwin ScottBoard Member
Phil BlumBoard Member
Thomas HusseyBoard Member
Tom BakerBoard Member
Brad SilverBoard Member, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$568,303
Program Service Revenue
$311,936
Investment Income
$910
Other Revenue
$0
All Other Contributions
$220,495
Change in Net Assets
$135,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$482,984
Other Expenses$263,137
Total Fundraising Expense$153,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,284$99,276$99,276$300,836
Current Officers, Directors, Trustees, and Key Employees$42,813$41,554$41,555$125,922
Payroll Taxes$12,712$12,339$12,339$37,390
Travel$28,606--$28,606
Other Employee Benefits$18,836--$18,836
Fees for Services Accounting-$14,432-$14,432
Interest-$8,657-$8,657
Information Technology-$6,936-$6,936
Insurance-$6,432-$6,432
Fees for Services Other$4,508--$4,508
Occupancy-$4,323-$4,323
Conferences and Meetings$1,969--$1,969
All Other Expenses-$1,736-$1,736
Other Expenses$38,989$1,398-$1,398
Office Expenses-$1,027-$1,027
Advertising-$144-$144
Total Functional Expenses$394,697$198,254$153,170$746,121
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Wolf River Angels Fund Iii, Lp$157,318
Due to Wolf River Partners$28,750
Eric Loan$-370
Due to Wolf River Angels Fund I, Lp$-21,352
Due to Wolf River Angels Fund Ii, Lp$-22,154
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The accountant preparing form 990 presents a copy to the board of directors and executives for approval before filing.

Form 990, Part VI, Section C, Line 19

The financial statements and form 990 for launchyourcity dba launchmemphis are available upon request from the organization's executives or a member of the board.

Filing and Contact Details

Filer

Filer Name
Launchyourcity
EIN
26-3190220
Phone
9012137795
Address
140 S MAIN STREET SUITE 3, COLLIERVILLE, TN 38017
Doing Business As
Start Co

Signing Officer

Name
Eric Mathews
Title
President
Phone
9012137795
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Mathews
Formed
2008
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
0

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Susan M Lattimore
Phone
9017613003
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IRS990/PYTotalRevenueAmt0487810
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0135028
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0238075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0220495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0133881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0692125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0661242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01512266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03220009
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0910
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01420
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01339909
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt03220009
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0220495
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0133881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0692125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0661242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01512266
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03220009
IRS990ScheduleA/TotalSupportAmt03221429
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077841
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077841
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07461
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16505
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt35524
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4990
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM VENTURE C CORP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM WOLF RIVER ANGELS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM WOLF RIVER PARTNERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM WOLF RIVER PARTNERS II
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE FROM WOLF RIVER PARTNERS III
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0157318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-21352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-22154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt328750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4-370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO WOLF RIVER ANGELS FUND III, LP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO WOLF RIVER ANGELS FUND I, LP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO WOLF RIVER ANGELS FUND II, LP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO WOLF RIVER PARTNERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ERIC LOAN
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06600
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1994
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MARKETABLE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT BOOSTERVILLE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt026391
IRS990ScheduleD/TotalBookValueSecuritiesAmt07594
IRS990ScheduleD/TotalLiabilityAmt0142192
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTANT PREPARING FORM 990 PRESENTS A COPY TO THE BOARD OF DIRECTORS AND EXECUTIVES FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL STATEMENTS AND FORM 990 FOR LAUNCHYOURCITY DBA LAUNCHMEMPHIS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S EXECUTIVES OR A MEMBER OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt044494
IRS990/TotalAssetsEOYAmt0110204
IRS990/TotalAssetsGrp/BOYAmt044494
IRS990/TotalAssetsGrp/EOYAmt0110204
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0568303
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0153170
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0198254
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0394697
IRS990/TotalFunctionalExpensesGrp/TotalAmt0746121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0463158
IRS990/TotalLiabilitiesEOYAmt0393840
IRS990/TotalLiabilitiesGrp/BOYAmt0463158
IRS990/TotalLiabilitiesGrp/EOYAmt0393840
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-418664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-283636
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0394697
IRS990/TotalProgramServiceRevenueAmt0311936
IRS990/TotalReportableCompFromOrgAmt0125922
IRS990/TotalRevenueGrp/ExclusionAmt0910
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0311936
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0881149
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt044494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0110204
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt028606
IRS990/TravelGrp/TotalAmt028606
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0140 S MAIN STREET SUITE 3
IRS990/USAddress/CityNm0COLLIERVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038017
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NEVERSTOP.CO
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC MATHEWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09012137795
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCHYOURCITY
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0263190220
ReturnHeader/Filer/PhoneNum09012137795
ReturnHeader/Filer/USAddress/AddressLine1Txt0140 S MAIN STREET SUITE 3
ReturnHeader/Filer/USAddress/CityNm0COLLIERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261180446

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