Civic Intelligence

Launchpad Development Five LLC

990 • Fiscal year 2022 • EIN 27-5083413

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

Organization ProfileN/A
350 Twin Dolphin Drive 109Redwood City, CA 94065

(877) 806-0920

Siviq Scores

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

Liabilities / Assets

96th percentile

1.42x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

15.08x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Net Margin

34th percentile

-4.1%

Higher net margin than 34% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$212,259

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 28.4% of source-year revenue.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2022

Asset Growth

49th percentile

-1.6%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

0.1%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$7,944,175

Down $127,639 (-1.6%) from 2021

Net Assets

Down

-$3,332,026

Down $30,293 (-0.9%) from 2021

Liabilities

Down

$11,276,201

Down $97,346 (-0.9%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin34th percentile

Revenue

Up

$747,814

Up $823 (+0.1%) from 2021

Expenses

Down

$778,107

Down $15,465 (-1.9%) from 2021

Net Income

Up

-$30,293

Up $16,288 (+35%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $10,162,804Liabilities 2012: $10,289,433Net Assets 2012: -$126,6292012Assets 2013: $9,650,838Liabilities 2013: $10,276,332Net Assets 2013: -$625,4942013Assets 2014: $9,574,967Liabilities 2014: $10,298,145Net Assets 2014: -$723,1782014Assets 2015: $8,466,355Liabilities 2015: $10,137,387Net Assets 2015: -$1,671,0322015Assets 2016: $8,110,867Liabilities 2016: $10,179,395Net Assets 2016: -$2,068,5282016Assets 2017: $8,114,814Liabilities 2017: $10,245,515Net Assets 2017: -$2,130,7012017Assets 2018: $8,234,424Liabilities 2018: $8,429,199Net Assets 2018: -$194,7752018Assets 2019: $8,764,800Liabilities 2019: $8,503,443Net Assets 2019: $261,3572019Assets 2020: $8,384,491Liabilities 2020: $11,289,736Net Assets 2020: -$2,905,2452020Assets 2021: $8,071,814Liabilities 2021: $11,373,547Net Assets 2021: -$3,301,7332021Assets 2022: $7,944,175Liabilities 2022: $11,276,201Net Assets 2022: -$3,332,0262022Assets 2023: $7,932,512Liabilities 2023: $10,722,141Net Assets 2023: -$2,789,6292023Assets 2024: $7,950,615Liabilities 2024: $10,656,068Net Assets 2024: -$2,705,4532024

Highlighted filing

2022

Assets$7,944,175
Liabilities$11,276,201
Net Assets-$3,332,026
Open 2022 Filing

Operations Trend

Revenue Growth50th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $764,2862012Expenses 2013: $860,6062013Revenue 2014: $1,004,982Expenses 2014: $902,666Net Income 2014: $102,3162014Revenue 2015: $854,663Expenses 2015: $827,317Net Income 2015: $27,3462015Revenue 2016: $979,386Expenses 2016: $826,882Net Income 2016: $152,5042016Revenue 2017: $821,476Expenses 2017: $883,649Net Income 2017: -$62,1732017Revenue 2018: $2,198,589Expenses 2018: $262,663Net Income 2018: $1,935,9262018Revenue 2019: $702,628Expenses 2019: $246,496Net Income 2019: $456,1322019Revenue 2020: $767,147Expenses 2020: $795,202Net Income 2020: -$28,0552020Revenue 2021: $746,991Expenses 2021: $793,572Net Income 2021: -$46,5812021Revenue 2022: $747,814Expenses 2022: $778,107Net Income 2022: -$30,2932022Revenue 2023: $1,297,142Expenses 2023: $754,745Net Income 2023: $542,3972023Revenue 2024: $686,231Expenses 2024: $602,055Net Income 2024: $84,1762024

Highlighted filing

2022

Revenue$747,814
Expenses$778,107
Net Income-$30,293
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$747,814
Mission and Program Overview

Mission

To construct, hold, and manage the facility used in the school operations of rocketship discovery prep.

To construct, hold, and manage the facility used in the school operations of rocketship five elementary school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,865,347$6,677,436▼ $187,911
Savings and Temporary Cash Investments$771,170$771,748▲ $578
Cash and Non-Interest-Bearing Accounts$117,060$86,160▼ $30,900
Total Assets$8,071,814$7,944,175▼ $127,639
Other Assets Total$318,237$408,831▲ $90,594
Liabilities
Unsecured Notes Loans Payable$9,004,787$8,952,101▼ $52,686
Other Liabilities$2,364,905$2,324,100▼ $40,805
Accounts Payable and Accrued Expenses$3,855$0▼ $3,855
Total Liabilities$11,373,547$11,276,201▼ $97,346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,301,733$-3,332,026▼ $30,293
Total Net Assets Fund Balance$-3,301,733$-3,332,026▼ $30,293
Total Liabilities and Net Assets / Fund Balance$8,071,814$7,944,175▼ $127,639

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,567,930$2,021,438$6,589,368
Land$2,109,506-$2,109,506
Equipment$0$100,317$100,317
Other Assets Org$408,831--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleOtherTotal
Matthew ShawBoard Chair (term Start 4/22)$60,403$60,403

Board Members and Trustees

NameTitle
Keysha BaileyBoard Chair (term End 07/21)
Tadd MillerMember Ldc
Jeffrey WinakerSecretary Ldc
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$746,525
Investment Income
$1,280
Other Revenue
$9
Change in Net Assets
$-30,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$778,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$514,806--$514,806
Depreciation Depletion$235,161--$235,161
Insurance$10,462--$10,462
Office Expenses$10,111--$10,111
Fees for Services Other$3,000--$3,000
Occupancy$2,575--$2,575
Fees for Services Accounting$1,992--$1,992
Total Functional Expenses$778,107$0$0$778,107
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intracompany Payable$1,617,466
Deferred Rent Liability$563,425
Security Deposits$100,000
Accrued Interest$43,209
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Launchpad development company, a california non-profit organization under internal revenue code section 501(c)(3), is a single member of launchpad development five llc.”

Form 990, Part VI, Section A, Line 8B

“There are no committees delegated by the board.”

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

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review prior to submitting to the irs.”

Form 990, Part VI, Section B, Line 12C

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

Form 990, Part VI, Section C, Line 19

“Our governing documents, conflict of interest policy, and board financial reports are available upon request. Our annual audited financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Launchpad Development Five LLC
EIN
27-5083413
Phone
8778060920
Address
350 TWIN DOLPHIN DRIVE 109, REDWOOD CITY, CA 94065

Signing Officer

Name
Matthew Shaw
Title
Ldc CFO
Phone
8778060920
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Shaw
Formed
2009
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Launchpad development company and its affiliates is comprised of various non-profit entities exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes related to these entities. Management has determined that all income tax positions are more likely than not (>50%) of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The organization files all appropriate tax returns in the u.s. Federal jurisdiction, and the state of california.”

Raw XML AppendixShowing 400 of 411 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAUNCHPAD DEVELOPMENT COMPANY AND ITS AFFILIATES IS COMPRISED OF VARIOUS NON-PROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES RELATED TO THESE ENTITIES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION FILES ALL APPROPRIATE TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05353
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEYSHA BAILEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD CHAIR (TERM END 07/21)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0212259
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAUNCHPAD DEVELOPMENT COMPANY, A CALIFORNIA NON-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), IS A SINGLE MEMBER OF LAUNCHPAD DEVELOPMENT FIVE LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES DELEGATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ROCKETSHIP EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1ROCKETSHIP EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2ROCKETSHIP EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROCKETSHIP EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ROCKETSHIP EDUCATION WISCONSIN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2LAUNCHPAD DEVELOPMENT COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ROCKETSHIP EDUCATION DC PUBLIC CHARTER SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204040597
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1453127299
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2271813337
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0350 TWIN DOLPHIN 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1350 TWIN DOLPHIN 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2350 TWIN DOLPHIN 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3350 TWIN DOLPHIN 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd194065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd294065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd394065
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08071814
IRS990/TotalAssetsEOYAmt07944175
IRS990/TotalAssetsGrp/BOYAmt08071814
IRS990/TotalAssetsGrp/EOYAmt07944175
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0778107
IRS990/TotalFunctionalExpensesGrp/TotalAmt0778107
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011373547
IRS990/TotalLiabilitiesEOYAmt011276201
IRS990/TotalLiabilitiesGrp/BOYAmt011373547
IRS990/TotalLiabilitiesGrp/EOYAmt011276201
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3301733
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3332026
IRS990/TotalOtherCompensationAmt07853
IRS990/TotalProgramServiceExpensesAmt0778107
IRS990/TotalProgramServiceRevenueAmt0746525
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01280
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0746534
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0747814
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07944175
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt09004787
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08952101
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0350 TWIN DOLPHIN DRIVE STE 109
IRS990/USAddress/CityNm0REDWOOD CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094065
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW SHAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0LDC CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08778060920
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCHPAD DEVELOPMENT FIVE LLC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0275083413
ReturnHeader/Filer/PhoneNum08778060920
ReturnHeader/Filer/USAddress/AddressLine1Txt0350 TWIN DOLPHIN DRIVE 109
ReturnHeader/Filer/USAddress/CityNm0REDWOOD CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094065
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,944,175
Liabilities
$11,276,201
Net assets
-$3,332,026
Revenue
$747,814
Expenses
$778,107
Net income
-$30,293
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.95$10.7$2.71$0.69$0.60$0.08
2023Detailed filing. Detailed filing data is available for this year.$7.93$10.7$2.79$1.30$0.75$0.54
2022Detailed filing. Detailed filing data is available for this year.$7.94$11.3$3.33$0.75$0.78$0.03
2021Detailed filing. Detailed filing data is available for this year.$8.07$11.4$3.30$0.75$0.79$0.05
2020Detailed filing. Detailed filing data is available for this year.$8.38$11.3$2.91$0.77$0.80$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.76$8.50$0.26$0.70$0.25$0.46
2018Detailed filing. Detailed filing data is available for this year.$8.23$8.43$0.19$2.20$0.26$1.94
2017Detailed filing. Detailed filing data is available for this year.$8.11$10.2$2.13$0.82$0.88$0.06
2016Detailed filing. Detailed filing data is available for this year.$8.11$10.2$2.07$0.98$0.83$0.15
2015Detailed filing. Detailed filing data is available for this year.$8.47$10.1$1.67$0.85$0.83$0.03
2014Detailed filing. Detailed filing data is available for this year.$9.57$10.3$0.72$1.00$0.90$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.65$10.3$0.63$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$10.3$0.13$0.76