Civic Intelligence

Launchyourcity Inc.

990 • Fiscal year 2023 • EIN 26-3190220

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfileWWW.NEVERSTOP.CO
140 S Main St 3Collierville, TN 38017

(901) 213-7795

Siviq Scores

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

Liabilities / Assets

99th percentile

10.41x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

0.95x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

11th percentile

-45%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$100,528

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-78%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-52%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$44,494

Down $156,190 (-78%) from 2022

Net Assets

Down

-$418,664

Down $224,033 (-115%) from 2022

Liabilities

Up

$463,158

Up $67,843 (+17%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin11th percentile

Revenue

Down

$487,810

Down $531,004 (-52%) from 2022

Expenses

Down

$705,387

Down $117,080 (-14%) from 2022

Net Income

Down

-$217,577

Down $413,924 (-211%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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 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 2023: $44,494Liabilities 2023: $463,158Net Assets 2023: -$418,6642023Assets 2024: $110,204Liabilities 2024: $393,840Net Assets 2024: -$283,6362024

Highlighted filing

2023

Assets$44,494
Liabilities$463,158
Net Assets-$418,664
Open 2023 Filing

Operations Trend

Revenue Growth10th percentile

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 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 2023: $487,810Expenses 2023: $705,387Net Income 2023: -$217,5772023Revenue 2024: $881,149Expenses 2024: $746,121Net Income 2024: $135,0282024

Highlighted filing

2023

Revenue$487,810
Expenses$705,387
Net Income-$217,577
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$487,810
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
Accounts Receivable$160,000$10,000▼ $150,000
Investments Other Securities$7,594$7,594→ $0
Cash and Non-Interest-Bearing Accounts$12,839$3,884▼ $8,955
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$200,684$44,494▼ $156,190
Other Assets Total$20,251$23,016▲ $2,765
Liabilities
Accounts Payable and Accrued Expenses$116,223$192,346▲ $76,123
Other Liabilities$159,092$150,812▼ $8,280
Mortgage Notes Payable Secured by Investment Property$120,000$120,000→ $0
Total Liabilities$395,315$463,158▲ $67,843
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-194,631$-418,664▼ $224,033
Total Net Assets Fund Balance$-194,631$-418,664▼ $224,033
Total Liabilities and Net Assets / Fund Balance$200,684$44,494▼ $156,190

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$77,841$77,841
Other Assets Org$40--
Other Securities$994--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eric MathewsCEO, President, FounderFT$100,528$100,528

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
$132,880
Program Service Revenue
$353,665
Investment Income
$264
Other Revenue
$1,001
All Other Contributions
$98,168
Change in Net Assets
$-217,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$532,760
Other Expenses$172,627
Total Fundraising Expense$45,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$374,872--$374,872
Current Officers, Directors, Trustees, and Key Employees$33,510$33,509$33,509$100,528
Payroll Taxes$12,452$12,087$12,087$36,626
Travel$27,843--$27,843
Other Employee Benefits$20,734--$20,734
Fees for Services Accounting-$17,502-$17,502
Interest-$8,546-$8,546
Insurance-$8,167-$8,167
Information Technology-$6,979-$6,979
Occupancy-$6,542-$6,542
Fees for Services Other$4,205--$4,205
Advertising-$1,505-$1,505
All Other Expenses$250$1,025-$1,275
Office Expenses-$1,054-$1,054
Other Expenses$36,783$996-$996
Total Functional Expenses$560,599$99,192$45,596$705,387
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,001
Fundraising Direct Expenses$0
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$159,968
Due to Wolf River Partners$28,750
Due to Wolf River Angels Fund I, Lp$-18,702
Due to Wolf River Angels Fund Ii, Lp$-19,204
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 ST 3, COLLIERVILLE, TN 38017
Doing Business As
Start Co

Signing Officer

Name
Eric Mathews
Title
President
Phone
9012137795
Signed
2024-11-13
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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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO, PRESIDENT, FOUNDER
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IRS990/MissionDesc0LAUNCHYOURCITY 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.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0143
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0653
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0680165
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt04345445
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077841
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077841
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06636
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25261
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34874
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt440
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-18702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-19204
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt328750
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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
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1994
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
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IRS990ScheduleD/TotalBookValueSecuritiesAmt07594
IRS990ScheduleD/TotalLiabilityAmt0150812
IRS990/ScheduleJRequiredInd00
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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
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,494
Liabilities
$463,158
Net assets
-$418,664
Revenue
$487,810
Expenses
$705,387
Net income
-$217,577
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
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.46$0.42$0.49$0.71$0.22
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
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