Civic Intelligence

My Possibilities Foundation

990EZ • Fiscal year 2017 • EIN 45-1838041

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

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

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

0.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

69%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$128,466

Up $13,274 (+12%) from 2016

Net Assets

Up

$127,438

Up $12,246 (+11%) from 2016

Liabilities

Up

$1,028

Up $1,028 from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin96th percentile

Revenue

Up

$4,570

Up $1,871 (+69%) from 2016

Expenses

Down

$1,028

Down $6,250 (-86%) from 2016

Net Income

Up

$3,542

Up $8,121 (+177%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2017

Assets$128,466
Liabilities$1,028
Net Assets$127,438
Open 2017 Filing

Operations Trend

Revenue Growth89th 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

2017

Revenue$4,570
Expenses$1,028
Net Income$3,542
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$26,563
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.$0$0
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHARRON HERRINSecretary-$0--
STEVEN H GENDLERTreasurer/Director-$0--
JAY HULLPresident-$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
Jay Hull
Title
President
Phone
9729916777
Signed
2018-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Cornwell Jackson Pllc
Address
6865 WINDCREST DR SUITE 100, PLANO, TX 75024
Preparer
Scott Allen
Phone
9722028000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: dividend . Amount: 3,323.”

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

“Description: insurance - liability, d and o. Amount: 1,028.”

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

“Description: unrealized gain/loss. Amount: 8,704.”

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

“Description: loan to launchability inc. Beg. Of year amount: 0. End of year amount: 60,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 1,028.”

Raw XML Appendix169 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/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LAUNCHABILITY INC
IRS990EZ/BooksInCareOfDetail/PhoneNum02147504400
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PLANO
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHARRON HERRIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVEN H GENDLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAY HULL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt060000
IRS990EZ/OtherChangesInNetAssetsAmt08704
IRS990EZ/OtherExpensesTotalAmt01028
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0SEE SCHEDULE O
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO RAISE FUNDS TO SUPPORT LAUNCHABILITY, INC., ANOTHER PUBLIC CHARITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SaleOfAssetsGrossAmt023140
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01028
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt04570
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 EXSISTS 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 PURPOSE.
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 B, LINE 2A: ACTIVITIES TEST -
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART VI, SECTION B, 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: DIVIDEND . AMOUNT: 3,323.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INSURANCE - LIABILITY, D AND O. AMOUNT: 1,028.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: UNREALIZED GAIN/LOSS. AMOUNT: 8,704.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: LOAN TO LAUNCHABILITY INC. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 60,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,028.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAY HULL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09729916777
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
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/AtSubmissionCreationDeviceId01D6919B4BDEC5652C1448F5F80E21E89FE7C1394
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId027A3021F2FE8D2368EC70E01F6C52FBFBC37F4B4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.34.253.234
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:16:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274461251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORNWELL JACKSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06865 WINDCREST DR SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLANO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075024
ReturnHeader/PreparerPersonGrp/PhoneNum09722028000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT ALLEN
ReturnHeader/ReturnTs02018-05-15T14:09:49-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$128,466
Liabilities
$1,028
Net assets
$127,438
Revenue
$4,570
Expenses
$1,028
Net income
$3,542
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