Civic Intelligence

Launch New York Inc

EIN 45-3980649 • 501(c)3 • Buffalo, NY

Profile

The organization's objective is to support underperforming entrepreneurships in upstate new york, by providing programs and services to entrepreneurs that assist business development and growth of start-up companies, with a particular goal of helping high-potential companies position themselves to recieve professional equity investments from angel, seed-stage, and venture capital investors.

77 Goodell Street 201Buffalo, NY 14203

www.launchny.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.36x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

2.7%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-3.7%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,283,767

Up $327,280 (+2.7%) from 2023

Liabilities

Down

$1,303,784

Down $657,981 (-34%) from 2023

Net Assets

Up

$10,979,983

Up $985,261 (+9.9%) from 2023

Revenue

Down

$3,660,726

Down $138,873 (-3.7%) from 2023

Expenses

Down

$2,725,457

Down $19,598 (-0.7%) from 2023

Net Income

Down

$935,269

Down $119,275 (-11%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $360,739Liabilities 2012: $359,260Net Assets 2012: $1,4792012Assets 2013: $422,153Liabilities 2013: $411,617Net Assets 2013: $10,5362013Assets 2014: $2,711,716Liabilities 2014: $2,608,170Net Assets 2014: $103,5462014Assets 2015: $329,052Liabilities 2015: $184,037Net Assets 2015: $145,0152015Assets 2016: $2,830,043Liabilities 2016: $2,444,410Net Assets 2016: $385,6332016Assets 2017: $2,402,374Liabilities 2017: $1,347,385Net Assets 2017: $1,054,9892017Assets 2018: $2,307,995Liabilities 2018: $186,362Net Assets 2018: $2,121,6332018Assets 2019: $4,156,529Liabilities 2019: $205,551Net Assets 2019: $3,950,9782019Assets 2020: $5,910,787Liabilities 2020: $345,960Net Assets 2020: $5,564,8272020Assets 2021: $7,715,825Liabilities 2021: $1,022,610Net Assets 2021: $6,693,2152021Assets 2022: $9,625,094Liabilities 2022: $981,324Net Assets 2022: $8,643,7702022Assets 2023: $11,956,487Liabilities 2023: $1,961,765Net Assets 2023: $9,994,7222023Assets 2024: $12,283,767Liabilities 2024: $1,303,784Net Assets 2024: $10,979,9832024

Highlighted filing

2024

Assets$12,283,767
Liabilities$1,303,784
Net Assets$10,979,983

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $173,130Expenses 2012: $171,651Net Income 2012: $1,4792012Revenue 2013: $810,567Expenses 2013: $801,511Net Income 2013: $9,0562013Revenue 2014: $3,930,141Expenses 2014: $3,837,131Net Income 2014: $93,0102014Revenue 2015: $939,548Expenses 2015: $949,003Net Income 2015: -$9,4552015Revenue 2016: $1,043,307Expenses 2016: $802,689Net Income 2016: $240,6182016Revenue 2017: $1,745,488Expenses 2017: $1,076,132Net Income 2017: $669,3562017Revenue 2018: $2,549,839Expenses 2018: $1,483,195Net Income 2018: $1,066,6442018Revenue 2019: $3,736,344Expenses 2019: $1,857,343Net Income 2019: $1,879,0012019Revenue 2020: $3,470,565Expenses 2020: $1,856,716Net Income 2020: $1,613,8492020Revenue 2021: $3,066,885Expenses 2021: $1,932,980Net Income 2021: $1,133,9052021Revenue 2022: $4,319,958Expenses 2022: $2,373,617Net Income 2022: $1,946,3412022Revenue 2023: $3,799,599Expenses 2023: $2,745,055Net Income 2023: $1,054,5442023Revenue 2024: $3,660,726Expenses 2024: $2,725,457Net Income 2024: $935,2692024

Highlighted filing

2024

Revenue$3,660,726
Expenses$2,725,457
Net Income$935,269

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.30$11.0$3.66$2.73$0.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$1.96$9.99$3.80$2.75$1.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.63$0.98$8.64$4.32$2.37$1.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.72$1.02$6.69$3.07$1.93$1.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.91$0.35$5.56$3.47$1.86$1.61
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$0.21$3.95$3.74$1.86$1.88
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.31$0.19$2.12$2.55$1.48$1.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$1.35$1.05$1.75$1.08$0.67
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$2.44$0.39$1.04$0.80$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.18$0.15$0.94$0.95$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.71$2.61$0.10$3.93$3.84$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.41$0.01$0.81$0.80$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.36$0.00$0.17$0.17$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$3,660,726
Mission and Program Overview

Mission

The organization's objective is to support underperforming entrepreneurships in upstate new york, by providing programs and services to entrepreneurs that assist business development and growth of start-up companies, with a particular goal of helping high-potential companies position themselves to recieve professional equity investments from angel, seed-stage, and venture capital investors.

To stimulate economic growth in economically underperforming areas in upstate new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,205,459$4,122,526▼ $1,082,933
Other Notes and Loans Receivable, Net$2,756,191$3,236,191▲ $480,000
Investments Other Securities$2,330,394$2,346,351▲ $15,957
Pledges and Grants Receivable$842,769$1,057,678▲ $214,909
Cash and Non-Interest-Bearing Accounts$270,955$825,543▲ $554,588
Prepaid Expenses and Deferred Charges$3,909$2,529▼ $1,380
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$11,956,487$12,283,767▲ $327,280
Other Assets Total$546,810$692,949▲ $146,139
Liabilities
Deferred Revenue$1,450,000$825,000▼ $625,000
Mortgage Notes Payable Secured by Investment Property$250,000$250,000→ $0
Accounts Payable and Accrued Expenses$261,765$228,784▼ $32,981
Total Liabilities$1,961,765$1,303,784▼ $657,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,994,722$10,979,983▲ $985,261
Total Net Assets Fund Balance$9,994,722$10,979,983▲ $985,261
Total Liabilities and Net Assets / Fund Balance$11,956,487$12,283,767▲ $327,280

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$39,545$39,545
Other Assets Org$108,395--
Other Securities$2,346,351--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marion LavigneCEO/president/secretaryFT$190,000$75,150$265,150
Scott TerhaarCOO/treasurerPT$75,000$3,000$78,000

Board Members and Trustees

NameTitle
George ChamounBoard Member/chairperson
Mel PassarelliBoard Member/vice Chairperson
Maggie DornBoard Member
Melodie BakerBoard Member
Quincy AllenBoard Member
Thomas LynchBoard Member
Zachary SchulmanBoard Member
Michael DefreitasAssistant Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Thompson Hine LLPLegal Services3900 KEY CENTER 127 PUBLIC SQUARE, Cleveland, OH 44114$103,042
Revenue and Support

Revenue Composition

Contributions and Grants
$2,504,266
Program Service Revenue
$725,438
Investment Income
$421,722
Other Revenue
$9,300
All Other Contributions
$1,408,486
Change in Net Assets
$935,269

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$30,000Fair Market Value (FMV)
Total Noncash Contributions3$30,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,802,764
Salaries, Compensation, and Employee Benefits$922,693
Total Fundraising Expense$165,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$533,898$57,256$11,491$602,645
Other Salaries and Wages$352,359$61,998$28,491$442,848
Current Officers, Directors, Trustees, and Key Employees$259,999$45,501$19,500$325,000
Advertising$109,360-$75,930$185,290
Conferences and Meetings$90,186$16,498$3,299$109,983
Fees for Services Legal$72,393$14,102$7,521$94,016
Other Employee Benefits$54,610$9,587$4,280$68,477
Fees for Services Accounting$48,482$9,445$5,037$62,964
Payroll Taxes$47,351$8,312$3,711$59,374
Office Expenses$37,484$6,857$1,372$45,713
Travel$32,223$5,894$1,179$39,296
Pension Plan Contributions$21,528$3,779$1,687$26,994
Occupancy$13,701$2,506$501$16,708
Other Expenses$31,047$13,629$1,136$13,629
Insurance-$4,241-$4,241
Total Functional Expenses$2,295,038$265,284$165,135$2,725,457
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
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 B, Line 11B

The form 990 is prepared by an outside, independent accounting firm. The president/ceo, coo/treasurer, and the board of directors will review the 990 before it is filed.

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

All board members, officers and key personnel are required to sign a conflict of interest policy when they join the organization and update on an annual basis thereafter.

Form 990, Part VI, Section B, Line 15A

The ceo and coo salaries are determined by the board of directors. The positions include a written employment agreement. The president/ceo sets salaries for the staff positions based on labor market rates and individual qualifications of hired staff.

Form 990, Part VI, Section C, Line 19

The organization makes these documents available to the public online at the nys attorney general's charities bureau website or by request.

Filing and Contact Details

Filer

Filer Name
Launch New York Inc
EIN
45-3980649
Phone
7162000961
Address
77 GOODELL STREET 201, BUFFALO, NY 14203

Signing Officer

Name
Marion Lavigne
Title
President/CEO
Phone
7162000961
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marion Lavigne
Formed
2011
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
13
Volunteers
7

Preparer

Firm
Withum Smith & Brown Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll fees: program service expenses 922. Management and general expenses 162. Fundraising expenses 72. Total expenses 1,156. Eir contractors: program service expenses 220,859. Management and general expenses 0. Fundraising expenses 0. Total expenses 220,859. Non-eir professional fees: program service expenses 312,117. Management and general expenses 57,094. Fundraising expenses 11,419. Total expenses 380,630.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit entity as described in section 509(a)(1) of the internal revenue code and is exempt from income taxes under section 501(c)(3) of the code, and accordingly, no provision for federal taxes is included in the financial statements. Us gaap provides guidance on the financial statement recognition and measurement for income tax positions that the organization has taken or expects to take in the organization's income tax returns. The organization takes many tax positions relative to tax laws, including those taken in determining whether tax is due, a refund is owed, a tax return needs to be filed, or the characterization of income as taxable (for example, unrelated business income) or nontaxable. The organization has not recorded any liabilities relating to uncertain tax positions. The organization files its return of organization exempt from income tax in the u.s. Federal jurisdiction and its annual filing of charitable organization in new york state. For tax purposes the launch ny seed fund, llc is considered a disregarded entity.

Raw XML AppendixShowing 400 of 662 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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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE ORGANIZATION'S OBJECTIVE IS TO IDENTIFY, SUPPORT AND INVEST IN HIGH-GROWTH, HIGH-IMPACT COMPANIES THAT CAN TRANSFORM THE LOCAL ECONOMY AND CATALYZE THE ENTREPRENEURIAL CULTURE ACROSS UPSTATE NEW YORK BY PROVIDING PRO-BONO MENTORSHIP AND CAPITAL ACCESS PROGRAMS & SERVICES TO ENTREPRENEURS WITH A PARTICULAR GOAL OF HELPING SCALABLE STARTUPS POSITION THEMSELVES TO RECEIVE PROFESSIONAL EQUITY INVESTMENTS FROM LAUNCH NY AND ANGEL, SEED-STAGE, AND VENTURE CAPITAL INVESTORS.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED ENTITIES
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER SECURITIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE, AND ACCORDINGLY, NO PROVISION FOR FEDERAL TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. US GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION TAKES MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME AS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE ORGANIZATION HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES ITS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IN THE U.S. FEDERAL JURISDICTION AND ITS ANNUAL FILING OF CHARITABLE ORGANIZATION IN NEW YORK STATE. FOR TAX PURPOSES THE LAUNCH NY SEED FUND, LLC IS CONSIDERED A DISREGARDED ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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