Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
100th percentile
Faster revenue growth than 100% of similar nonprofits.
Balance Sheet
Assets
Down$118,922
Down $28,629 (-19%) from 2014
Net Assets
Down$118,922
Down $28,629 (-19%) from 2014
Liabilities
Flat$0
Flat from 2014
Revenue And Expenses
Revenue
Up$5,740
Up $5,725 (+38167%) from 2014
Expenses
Up$28,597
Up $25,126 (+724%) from 2014
Net Income
Down-$22,857
Down $19,401 (-561%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Aug 25, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $5,740
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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY. | $20,000 | $20,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| WL ROY PENDERGRASS JR | President/ Director | - | $0 | - | - |
| STEVEN H GENDLER | Treasurer/ Director | - | $0 | - | - |
| SHARON HERRIN | Secretary/ President Elect/Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Launchability Foundation
- EIN
- 45-1838041
- Phone
- 9729916777
- Address
- 12720 HILLCREST RD STE 701, DALLAS, TX 75230
Signing Officer
- Name
- Sharon Herrin
- Title
- President
- Phone
- 9729916777
- Signed
- 2016-08-25
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Salmon Sims Thomas & Associates Pllc
- Address
- 12720 HILLCREST ROAD SUITE 500, DALLAS, TX 75230-2039
- Preparer
- William H Sims
- Phone
- 9723921143
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 4 - Other Investment Income
“Description: INTEREST EARNED IN INVESTMENT ACCOUNTS. Amount: 5. Description: DIVIDENDS FROM INVESTMENT ACCOUNTS. Amount: 1,601. Description: REALIZED GAIN. Amount: 3,434. Total Included on Form 990-EZ, line 4: 5,040.”
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity Classification: support. Grantee Name: LAUNCHABILITY, INC.. Grantee Address: 801 east plano parkway plano, TX 75074. Grantee Relationship: supported organization. Date of Gift: Various. Amount Given: 20,000.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: INSURANCE. Amount: 1,810.”
Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
“Description: UNREALIZED LOSS. Amount: -5,772.”
Form 990-EZ, Part II, Line 24 - Other Assets
“Description: OTHER RECIEVABLE. Beg. of Year Amount: 0. End of Year Amount: 35,000.”
Raw XML Appendix163 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | LAUNCHABILITY INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2147504400 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 801 E PLANO PKWY STE 125 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | PLANO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75074 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 147551 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 83922 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 700 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -22857 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6787 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 147551 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 118922 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 20000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 5740 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5040 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 147551 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 118922 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 147551 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 118922 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | WL ROY PENDERGRASS JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | STEVEN H GENDLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SHARON HERRIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT/ DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER/ DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY/ PRESIDENT ELECT/DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 35000 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -5772 |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1810 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 20000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 20000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 28597 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 20000 |
| IRS990EZ/TotalRevenueAmt | 0 | 5740 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | n/a |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | 1 |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 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 THEIR EXEMPT PUROPSE. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | LAUNCHABILITY FOUNDATION WAS CREATED AS AN ENDOWMENT TO PROTECT DONOR CONTRIBUTIONS FOR THE LONG-TERM BENEFIT OF LAUNCHABILITY, INC. FROM LITIGATION AND CREDITORS OF LAUNCHABILITY, INC. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART VI, SECTION E, LINE 2A: ACTIVITIES TEST- |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART VI, SECTION E, LINE 2B: ACTIVITIES TEST- |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 751189353 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 9 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 20000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | LAUNCHABILITY INC |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType3FuncIntInd | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 20000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: INTEREST EARNED IN INVESTMENT ACCOUNTS. Amount: 5. Description: DIVIDENDS FROM INVESTMENT ACCOUNTS. Amount: 1,601. Description: REALIZED GAIN. Amount: 3,434. Total Included on Form 990-EZ, line 4: 5,040. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity Classification: support. Grantee Name: LAUNCHABILITY, INC.. Grantee Address: 801 east plano parkway plano, TX 75074. Grantee Relationship: supported organization. Date of Gift: Various. Amount Given: 20,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: INSURANCE. Amount: 1,810. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: UNREALIZED LOSS. Amount: -5,772. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Description: OTHER RECIEVABLE. Beg. of Year Amount: 0. End of Year Amount: 35,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 4 - Other Investment Income |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part II, Line 24 - Other Assets |
| ReturnHeader/BuildTS | 0 | 2016-12-15 16:53:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHARON HERRIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9729916777 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-08-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAUNCHABILITY FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAUN |
| ReturnHeader/Filer/EIN | 0 | 451838041 |
| ReturnHeader/Filer/PhoneNum | 0 | 9729916777 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 12720 HILLCREST RD STE 701 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DALLAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75230 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 050568611 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SALMON SIMS THOMAS & ASSOCIATES PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 12720 HILLCREST ROAD SUITE 500 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DALLAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 752302039 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9723921143 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-08-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | William H Sims |
| ReturnHeader/ReturnTs | 0 | 2016-08-29T13:41:52-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $118,922
- Liabilities
- $0
- Net assets
- $118,922
- Revenue
- $5,740
- Expenses
- $28,597
- Net income
- -$22,857