Civic Intelligence

My Possibilities Foundation

990EZ • Fiscal year 2014 • EIN 45-1838041

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

Organization ProfileN/A
12720 Hillcrest Rd Ste 701Dallas, TX 75230

(972) 991-6777

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-23040%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

40th percentile

-2.3%

Faster asset growth than 40% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$147,551

Down $3,456 (-2.3%) from 2013

Net Assets

Down

$147,551

Down $3,456 (-2.3%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$15

Down $100,992 (-100%) from 2013

Expenses

Up

$3,471

Up $3,471 from 2013

Net Income

Down

-$3,456

Down $104,463 (-103%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$300K$200K$100K$0Assets 2012: $50,000Net Assets 2012: $50,0002012Assets 2013: $151,007Liabilities 2013: $0Net Assets 2013: $151,0072013Assets 2014: $147,551Liabilities 2014: $0Net Assets 2014: $147,5512014Assets 2015: $118,922Liabilities 2015: $0Net Assets 2015: $118,9222015Assets 2016: $115,192Liabilities 2016: $0Net Assets 2016: $115,1922016Assets 2017: $128,466Liabilities 2017: $1,028Net Assets 2017: $127,4382017Assets 2018: $86,982Liabilities 2018: $0Net Assets 2018: $86,9822018Assets 2019: $99,227Liabilities 2019: $02019Assets 2024: $270,053Liabilities 2024: $0Net Assets 2024: $270,0532024

Highlighted filing

2014

Assets$147,551
Liabilities$0
Net Assets$147,551
Open 2014 Filing

Operations Trend

Revenue Growth1st percentile

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

$150K$100K$50K$0-$50KRevenue 2012: $50,0002012Revenue 2013: $101,007Expenses 2013: $0Net Income 2013: $101,0072013Revenue 2014: $15Expenses 2014: $3,471Net Income 2014: -$3,4562014Revenue 2015: $5,740Expenses 2015: $28,597Net Income 2015: -$22,8572015Revenue 2016: $2,699Expenses 2016: $7,278Net Income 2016: -$4,5792016Revenue 2017: $4,570Expenses 2017: $1,028Net Income 2017: $3,5422017Revenue 2018: $9,327Expenses 2018: $38,314Net Income 2018: -$28,9872018Revenue 2019: $3,523Expenses 2019: $1,081Net Income 2019: $2,4422019Revenue 2024: $121,605Expenses 2024: $0Net Income 2024: $121,6052024

Highlighted filing

2014

Revenue$15
Expenses$3,471
Net Income-$3,456
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$15
Mission and Program Overview

Mission

Launchability foundation exists for the purpose of providing financial support to launchability, inc. (ein 75-1189353), a texas nonprofit corporation under section 501 (c)(3) of the internal revenue code. The earnings are granted to launchability, inc. To use to further theirexempt purpose.

To raise funds to support launchability, inc., another public charity.

Program Services

DescriptionGrantsExpenses
LAUNCHABILITY FOUNDATION WAS CREATED TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.$0$0
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
W L ROY PENDERGRASS JRPresident/Director-$0--
STEVEN H GENDLERTreasurer/Director-$0--
SHARON HERRINSec/Pres. Elect/Director-$0--
Filing and Contact Details

Filer

Filer Name
Launchability Foundation
EIN
45-1838041
In Care Of
% LAUNCHABILITY INC
Phone
9729916777
Address
12720 HILLCREST RD STE 701, DALLAS, TX 75230

Signing Officer

Name
Wl Pendergrass Jr
Title
President
Phone
9729916777
Signed
2015-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Salmon Sims Thomas & Assoc Pllc
Address
12720 HILLCREST RD SUITE 500, DALLAS, TX 75230
Preparer
William H Sims
Phone
9723921143
Supplemental Narrative

Additional Explanations

Purpose

“Raise funds to support launchability, inc.”

Raw XML Appendix165 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.

Path#Value
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IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0LAUNCHABILITY INC
IRS990EZ/BooksInCareOfDetail/PhoneNum02147504400
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0801 E PLANO PKWY STE 125
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PLANO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075074
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0151007
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IRS990EZ/CntrctRcvdGreaterThan100KCnt00
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IRS990EZ/ExcessOrDeficitForYearAmt0-3456
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossReceiptsAmt015
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0W L ROY PENDERGRASS JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVEN H GENDLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHARON HERRIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SEC/PRES. ELECT/DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt0175
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.
IRS990EZ/PrintingPublicationsPostageAmt02116
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LAUNCHABILITY FOUNDATION WAS CREATED TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03471
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt015
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNCHABILITY FOUNDATION EXISTS FOR THE PURPOSE OF PROVIDING FINANCIAL
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1LAUNCHABILITY FOUNDATION WAS CREATED AS AN ENDOWMENT TO PROTECT DONOR
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART VI, SECTION E, LINE 2A: ACTIVITIES TEST -
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART VI, SECTION E, LINE 2B: ACTIVITIES TEST -
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0751189353
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc007
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LAUNCHABILITY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WL PENDERGRASS JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09729916777
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCHABILITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0451838041
ReturnHeader/Filer/InCareOfNm0% LAUNCHABILITY INC
ReturnHeader/Filer/PhoneNum09729916777
ReturnHeader/Filer/USAddress/AddressLine1Txt012720 HILLCREST RD STE 701
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075230
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SALMON SIMS THOMAS & ASSOC PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012720 HILLCREST RD SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075230
ReturnHeader/PreparerPersonGrp/PhoneNum09723921143
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM H SIMS
ReturnHeader/ReturnTs02015-11-13T08:52:14-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$147,551
Liabilities
$0
Net assets
$147,551
Revenue
$15
Expenses
$3,471
Net income
-$3,456
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$1.22$0.00$1.22
2019Summary only. Only limited summary data is available for this year.$0.99$0.00$0.04$0.01$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.09$0.38$0.29
2017Detailed filing. Detailed filing data is available for this year.$1.28$0.01$1.27$0.05$0.01$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.03$0.07$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.06$0.29$0.23
2014Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.00$0.03$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$1.01$0.00$1.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.50$0.50