Civic Intelligence

Launchyourcity Inc.

990 • Fiscal year 2018 • EIN 26-3190220

Feb 01, 2017 to Jan 31, 2018 • Filed on Dec 14, 2018

Organization ProfileWWW.NEVERSTOP.CO
88 Union Avenue 2nd FloorMemphis, TN 38103

(901) 213-7795

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$221,202

Down $138,608 (-39%) from 2017

Net Assets

Down

$7,936

Down $232,924 (-97%) from 2017

Liabilities

Up

$213,266

Up $94,316 (+79%) from 2017

Revenue And Expenses

Revenue

Down

$987,438

Down $762,550 (-44%) from 2017

Expenses

Down

$1,220,362

Down $323,260 (-21%) from 2017

Net Income

Down

-$232,924

Down $439,290 (-213%) from 2017

Historical Trend

Balance Sheet Trend

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

$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 2018: $221,202Liabilities 2018: $213,266Net Assets 2018: $7,9362018Assets 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

2018

Assets$221,202
Liabilities$213,266
Net Assets$7,936
Open 2018 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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 2018: $987,438Expenses 2018: $1,220,362Net Income 2018: -$232,9242018Revenue 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

2018

Revenue$987,438
Expenses$1,220,362
Net Income-$232,924
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2017 to Jan 31, 2018
Signed
Dec 14, 2018
Return Version
2017v2.3
Gross Receipts
$987,438
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$207,766$144,770▼ $62,996
Accounts Receivable$103,710$23,310▼ $80,400
Land, Buildings, and Equipment, Net$18,046$12,067▼ $5,979
Investments Other Securities-$6,600-
Prepaid Expenses and Deferred Charges-$1,164-
Total Assets$359,810$221,202▼ $138,608
Other Assets Total$30,288$33,291▲ $3,003
Liabilities
Other Liabilities$88,690$205,134▲ $116,444
Accounts Payable and Accrued Expenses$30,260$8,132▼ $22,128
Total Liabilities$118,950$213,266▲ $94,316
Net Assets / Fund Balance
Unrestricted Net Assets$240,860$7,936▼ $232,924
Total Net Assets Fund Balance$240,860$7,936▼ $232,924
Total Liabilities and Net Assets / Fund Balance$359,810$221,202▼ $138,608

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,067$46,817$58,884
Other Assets Org$388--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andre FowklesCo-president, Observer BoaFT$93,750$93,750
Eric MathewsCEO, President, FounderFT$93,750$93,750

Board Members and Trustees

NameTitle
Charles BeechBoard Member
Chris WilliamsBoard Member
Douglas ScarboroBoard Member
Gwin ScottBoard Member
Phil BlumBoard Member
Sridhar SunkaraBoard Member
Thomas HusseyBoard Member
Tom BakerBoard Member
Darrell CobbinsBoard Member, Secretary
Brad SilverBoard Member, Treasurer
Chip MarstonCPA, Observer Board Member
Jimmy DickeyCPA, Observer Board Member
Emily BrackstoneLegal Counsel, Observer Bo
John OglePart-time CFO, Observer Bo
Revenue and Support

Revenue Composition

Contributions and Grants
$719,067
Program Service Revenue
$268,158
Investment Income
$213
Other Revenue
$0
All Other Contributions
$669,067
Change in Net Assets
$-232,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$717,513
Salaries, Compensation, and Employee Benefits$344,849
Grants and Similar Amounts Paid$158,000
Total Fundraising Expense$114,338
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$200,701--$200,701
Current Officers, Directors, Trustees, and Key Employees$62,500$62,500$62,500$187,500
Grants to Domestic Orgs$158,000--$158,000
Other Salaries and Wages$126,574--$126,574
Fees for Services Other$103,275--$103,275
Travel$33,787-$33,787$67,574
Advertising$18,051-$18,051$36,102
Office Expenses$34,806--$34,806
Payroll Taxes$25,810--$25,810
Information Technology-$21,071-$21,071
Fees for Services Accounting-$10,006-$10,006
Other Expenses$17,148$8,177-$8,177
Depreciation Depletion$5,979--$5,979
Other Employee Benefits$4,965--$4,965
Insurance-$4,904-$4,904
All Other Expenses$4,311--$4,311
Fees for Services Legal-$2,871-$2,871
Total Functional Expenses$996,495$109,529$114,338$1,220,362
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Success InstituteNew York, NY-Ecosystem Support and Development$155,000
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$172,645
American Express$32,489
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
88 UNION AVENUE 2ND FLOOR, MEMPHIS, TN 38103
Doing Business As
Start Co

Signing Officer

Name
Eric Mathews
Title
President
Phone
9012137795
Signed
2018-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Mathews
Formed
2008
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
7
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/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt030288
IRS990/OtherAssetsTotalGrp/EOYAmt033291
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04965
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04965
IRS990/OtherExpensesGrp/Desc0EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1EVENT MEALS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES/FEES
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08177
IRS990/OtherExpensesGrp/ProgramServicesAmt0121227
IRS990/OtherExpensesGrp/ProgramServicesAmt179361
IRS990/OtherExpensesGrp/ProgramServicesAmt217148
IRS990/OtherExpensesGrp/TotalAmt0121227
IRS990/OtherExpensesGrp/TotalAmt179361
IRS990/OtherExpensesGrp/TotalAmt217148
IRS990/OtherExpensesGrp/TotalAmt38177
IRS990/OtherLiabilitiesGrp/BOYAmt088690
IRS990/OtherLiabilitiesGrp/EOYAmt0205134
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0126574
IRS990/OtherSalariesAndWagesGrp/TotalAmt0126574
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt025810
IRS990/PayrollTaxesGrp/TotalAmt025810
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01164
IRS990/PrincipalOfficerNm0ERIC MATHEWS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541511
IRS990/ProgramServiceRevenueGrp/Desc0MENTORING/ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0268158
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0268158
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01639625
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0584932
IRS990/PYInvestmentIncomeAmt0-44556
IRS990/PYOtherExpensesAmt0638934
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0154919
IRS990/PYRevenuesLessExpensesAmt0206366
IRS990/PYSalariesCompEmpBnftPaidAmt0319756
IRS990/PYTotalExpensesAmt01543622
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01749988
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-232924
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0268158
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0719067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01639625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0809625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0869877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0450977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04489171
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0213
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0444
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0117
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0146
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0256
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01176
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0523365
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt04489171
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0719067
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01639625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0809625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0869877
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0450977
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04489171
IRS990ScheduleA/TotalSupportAmt04490347
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt012067
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046817
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058884
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23266
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt35598
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41786
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5544
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt61004
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt7388
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UPSTART
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM WOLF RIVER ANGELS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM WOLF RIVER PARTNERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM CAPITAL C SCHOOL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DUE FROM VENTURE C CORP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DUE FROM WOLF RIVER ANGELS II
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DUE FROM WOLF RIVER PARTNERS II
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7DUE FROM WOLF RIVER ANGELS I
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1172645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AMERICAN EXPRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO WOLF RIVER ANGELS FUND III, LP
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012067
IRS990ScheduleD/TotalBookValueOtherAssetsAmt033291
IRS990ScheduleD/TotalLiabilityAmt0205134
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0155000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECOSYSTEM SUPPORT AND DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY SUCCESS INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientEIN0814608209
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0420 CENTRAL PARK W 4D
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010025
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0359810
IRS990/TotalAssetsEOYAmt0221202
IRS990/TotalAssetsGrp/BOYAmt0359810
IRS990/TotalAssetsGrp/EOYAmt0221202
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0719067
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0114338
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0109529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0996495

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$221,202
Liabilities
$213,266
Net assets
$7,936
Revenue
$987,438
Expenses
$1,220,362
Net income
-$232,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.11$0.39$0.28$0.88$0.75$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.40$0.19$1.02$0.82$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.41$0.36$0.66$0.90$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.31$0.12$1.51$1.05$0.46
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.70$0.58$1.35$1.62$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.21$0.01$0.99$1.22$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.12$0.24$1.75$1.54$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.10$0.03$0.85$0.91$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.13$0.09$0.92$0.88$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.04$0.48$0.50$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.12$0.06$0.19