Civic Intelligence

My Possibilities Foundation

990EZ • Fiscal year 2016 • EIN 45-1838041

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 07, 2017

Organization Profilen/a
4501 Sunbelt Drive Suite BAddison, TX 75001

(972) 991-6777

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

3rd percentile

-170%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

39th percentile

-3.1%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-53%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$115,192

Down $3,730 (-3.1%) from 2015

Net Assets

Down

$115,192

Down $3,730 (-3.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin3rd percentile

Revenue

Down

$2,699

Down $3,041 (-53%) from 2015

Expenses

Down

$7,278

Down $21,319 (-75%) from 2015

Net Income

Up

-$4,579

Up $18,278 (+80%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2016

Assets$115,192
Liabilities$0
Net Assets$115,192
Open 2016 Filing

Operations Trend

Revenue Growth9th 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

2016

Revenue$2,699
Expenses$7,278
Net Income-$4,579
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 7, 2017
Return Version
2016v3.0
Gross Receipts
$2,699
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

DescriptionGrantsExpenses
TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.$0$0
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHARON HERRINPresident/ Director-$0--
STEVEN H GENDLERTreasurer/ Director-$0--
JAY HULLSecretary/ President Elect-$0--
Filing and Contact Details

Filer

Filer Name
Launchability Foundation
EIN
45-1838041
Phone
9729916777
Address
4501 Sunbelt Drive Suite B, Addison, TX 75001

Signing Officer

Name
Sharon Herrin
Title
President
Phone
9729916777
Signed
2017-08-07
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: 3. Description: DIVIDENDS FROM INVESTMENT ACCOUNTS. Amount: 2,646. Total Included on Form 990-EZ, line 4: 2,649.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: INSURANCE. Amount: 1,018. Description: travel and meetings. Amount: 495. Total to Form 990-EZ, line 16: 1,513.”

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

“Description: UNREALIZED GAINS. Amount: 849.”

Form 990-EZ, Part II, Line 24 - Other Assets

“Description: OTHER RECEIVABLE. Beg. of Year Amount: 35,000. End of Year Amount: 0.”

Raw XML Appendix166 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LAUNCHABILITY 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
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IRS990EZ/ExcessOrDeficitForYearAmt0-4579
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05765
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrossReceiptsAmt02699
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt02649
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHARON HERRIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVEN H GENDLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAY HULL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/ DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/ DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/ PRESIDENT ELECT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt035000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0849
IRS990EZ/OtherExpensesTotalAmt01513
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0LAUNCHABILITY 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/DescriptionProgramSrvcAccomTxt0TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt07278
IRS990EZ/TotalRevenueAmt02699
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0n/a
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNCHABILITY 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/ExplanationTxt1LAUNCHABILITY 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/FormAndLineReferenceDesc0PART VI, SECTION E, LINE 2A: ACTIVITIES TEST -
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART VI, SECTION E, LINE 2B: ACTIVITIES TEST -
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0751189353
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LAUNCHABILITY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: INTEREST EARNED IN INVESTMENT ACCOUNTS. Amount: 3. Description: DIVIDENDS FROM INVESTMENT ACCOUNTS. Amount: 2,646. Total Included on Form 990-EZ, line 4: 2,649.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: INSURANCE. Amount: 1,018. Description: travel and meetings. Amount: 495. Total to Form 990-EZ, line 16: 1,513.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: UNREALIZED GAINS. Amount: 849.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: OTHER RECEIVABLE. Beg. of Year Amount: 35,000. End of Year Amount: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24 - Other Assets
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON HERRIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09729916777
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Launchability Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0451838041
ReturnHeader/Filer/PhoneNum09729916777
ReturnHeader/Filer/USAddress/AddressLine1Txt04501 Sunbelt Drive Suite B
ReturnHeader/Filer/USAddress/CityNm0Addison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075001
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBA28A2C70B08AC513E3D212E8FA39C631071460
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.251.88.211
ReturnHeader/FilingSecurityInformation/IPDt02017-08-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:26:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050568611
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SALMON SIMS THOMAS & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012720 HILLCREST ROAD SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0752302039
ReturnHeader/PreparerPersonGrp/PhoneNum09723921143
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William H Sims
ReturnHeader/ReturnTs02017-08-07T16:26:25-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,192
Liabilities
$0
Net assets
$115,192
Revenue
$2,699
Expenses
$7,278
Net income
-$4,579
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