Civic Intelligence

Launch New York Inc.

990 • Fiscal year 2016 • EIN 45-3980649

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

77 Goodell Street Suite 201Buffalo, NY 14203

(607) 220-8127

Siviq Scores

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

Liabilities / Assets

88th percentile

0.86x

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

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

2.34x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Net Margin

78th percentile

23%

Higher net margin than 78% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

75th percentile

$193,672

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Asset Growth

99th percentile

760%

Faster asset growth than 99% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,830,043

Up $2,500,991 (+760%) from 2015

Net Assets

Up

$385,633

Up $240,618 (+166%) from 2015

Liabilities

Up

$2,444,410

Up $2,260,373 (+1228%) from 2015

Revenue

Up

$1,043,307

Up $103,759 (+11%) from 2015

Expenses

Down

$802,689

Down $146,314 (-15%) from 2015

Net Income

Up

$240,618

Up $250,073 (+2645%) from 2015

Historical Trend

Balance Sheet Trend

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

$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

2016

Assets$2,830,043
Liabilities$2,444,410
Net Assets$385,633

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$1,043,307
Expenses$802,689
Net Income$240,618
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$1,043,307
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-$2,318,177-
Other Notes and Loans Receivable, Net-$225,000-
Pledges and Grants Receivable$236,919$220,295▼ $16,624
Cash and Non-Interest-Bearing Accounts$41,112$34,291▼ $6,821
Land, Buildings, and Equipment, Net$40,271$32,280▼ $7,991
Prepaid Expenses and Deferred Charges$10,750--
Total Assets$329,052$2,830,043▲ $2,500,991
Liabilities
Deferred Revenue$62,710$2,334,731▲ $2,272,021
Accounts Payable and Accrued Expenses$71,327$109,679▲ $38,352
Mortgage Notes Payable Secured by Investment Property$50,000--
Total Liabilities$184,037$2,444,410▲ $2,260,373
Net Assets / Fund Balance
Unrestricted Net Assets$145,015$385,633▲ $240,618
Total Net Assets Fund Balance$145,015$385,633▲ $240,618
Total Liabilities and Net Assets / Fund Balance$329,052$2,830,043▲ $2,500,991

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,280$14,925$47,205
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marion LavignePresident, CEO and SecretaryFT$176,250$17,422$193,672

Board Members and Trustees

NameTitle
George ChamounChair/treasurer
Jordan LevyVice Chair
Paul HoganDirector
Zachary ShulmanDirector
Michael DefreitasAssistant Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$940,028
Program Service Revenue
$97,603
Investment Income
$5,676
Other Revenue
$0
All Other Contributions
$514,575
Change in Net Assets
$240,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,043,307
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,043,307
Total Revenue per Form 990
$1,043,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$421,414
Salaries, Compensation, and Employee Benefits$381,275
Total Fundraising Expense$38,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$247,320$29,839$1,316$278,475
Current Officers, Directors, Trustees, and Key Employees$145,254$29,051$19,367$193,672
Other Salaries and Wages$113,709$28,633$10,802$153,144
Fees for Services Accounting$2,235$24,248-$26,483
Fees for Services Legal$16,622$4,672$2,366$23,660
Payroll Taxes$17,629$3,996$1,880$23,505
Advertising$19,669--$19,669
Travel$11,587$2,301$2,284$16,172
Depreciation Depletion-$11,119-$11,119
Other Employee Benefits$7,904$2,555$495$10,954
Conferences and Meetings$6,355$525-$6,880
Occupancy$362$5,728-$6,090
Office Expenses$2,486$1,494$81$4,061
Other Expenses$135$2,155-$2,290
Insurance$227$2,041-$2,268
All Other Expenses$698$1,140$134$1,972
Interest-$1,664-$1,664
Total Functional Expenses$608,338$155,626$38,725$802,689

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$802,689
Total Expenses per Audited Statements$802,689
Total Expenses per Form 990$802,689
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 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 president/ceo, controller, 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 sign a conflict of interest policy annually and all new hires sign a conflict of interest policy when hired.

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

The ceo and cfo salaries are determined by the board of directors. The positions include a written employment agreement. The president/ceo set 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
6072208127
Address
77 GOODELL STREET SUITE 201, BUFFALO, NY 14203

Signing Officer

Name
Marion Lavigne
Title
President/CEO
Phone
6072208127
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marion Lavigne
Formed
2011
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
5
Volunteers
8

Preparer

Firm
Buffington & Hoatland Cpas Pllc
Address
213 NORTH STREET, AUBURN, NY 13021-3305
Preparer
Elaine S Buffington
Phone
3152539744
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services: program service expenses 145. Management and general expenses 0. Fundraising expenses 1,316. Total expenses 1,461. Eir fees: program service expenses 173,620. Management and general expenses 0. Fundraising expenses 0. Total expenses 173,620. Other service fees: program service expenses 73,360. Management and general expenses 27,472. Fundraising expenses 0. Total expenses 100,832. Payroll: program service expenses 195. Management and general expenses 2,367. Fundraising expenses 0. Total expenses 2,562.

Financial Statement Notes

PART X, LINE 2:

The corporation is classified as a not-for-profit organization under section 501 (c) 3 of the internal revenue code. The financial accounting standards board issued fasb accounting standards codification (fasb asc), accounting for uncertainty in income taxes. This requires the recognition and measurement of uncertain tax positions held by the corporation. Under the generally accepted accounting principles, the amount reported would be based on probability assessments of the likelihood that certain deductions would be disallowed upon examination because the taxing authorities interpreted existing guidance differently. The corporation recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision. For the tax years ended december 31, 2015 and 2016, there were no accrued interest or accrued penalties with uncertain tax positions for the corporation.

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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/OthNotesLoansReceivableNetGrp/EOYAmt0225000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01880
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03996
IRS990/PayrollTaxesGrp/ProgramServicesAmt017629
IRS990/PayrollTaxesGrp/TotalAmt023505
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0236919
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0220295
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010750
IRS990/PrincipalOfficerNm0MARION LAVIGNE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097603
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097603
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0968684
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1153
IRS990/PYOtherExpensesAmt0565198
IRS990/PYOtherRevenueAmt0-54720
IRS990/PYProgramServiceRevenueAmt026737
IRS990/PYRevenuesLessExpensesAmt0-9455
IRS990/PYSalariesCompEmpBnftPaidAmt0383805
IRS990/PYTotalExpensesAmt0949003
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0939548
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0240618
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0940028
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02318177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0940028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0968684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03645975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0807234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0173130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06535051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05676
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05676
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt097603
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt026737
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0284166
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03333
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0411839
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93990
IRS990ScheduleA/PublicSupportPY170Pct00.94680
IRS990ScheduleA/PublicSupportTotal170Amt06535051
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0940028
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0968684
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03645975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0807234
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0173130
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06535051
IRS990ScheduleA/TotalSupportAmt06952566
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt032280
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014925
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047205
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0802689
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01043307
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS CLASSIFIED AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501 (C) 3 OF THE INTERNAL REVENUE CODE. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED FASB ACCOUNTING STANDARDS CODIFICATION (FASB ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS REQUIRES THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS HELD BY THE CORPORATION. UNDER THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE AMOUNT REPORTED WOULD BE BASED ON PROBABILITY ASSESSMENTS OF THE LIKELIHOOD THAT CERTAIN DEDUCTIONS WOULD BE DISALLOWED UPON EXAMINATION BECAUSE THE TAXING AUTHORITIES INTERPRETED EXISTING GUIDANCE DIFFERENTLY. THE CORPORATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION. FOR THE TAX YEARS ENDED DECEMBER 31, 2015 AND 2016, THERE WERE NO ACCRUED INTEREST OR ACCRUED PENALTIES WITH UNCERTAIN TAX POSITIONS FOR THE CORPORATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032280
IRS990ScheduleD/TotalExpensesPerForm990Amt0802689
IRS990ScheduleD/TotalRevenuePerForm990Amt01043307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01043307
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0802689
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017422
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARION LAVIGNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT, CEO AND SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0193672
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT/CEO, CONTROLLER, TREASURER, AND THE BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY ANNUALLY AND ALL NEW HIRES SIGN A CONFLICT OF INTEREST POLICY WHEN HIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO AND CFO SALARIES ARE DETERMINED BY THE BOARD OF DIRECTORS. THE POSITIONS INCLUDE A WRITTEN EMPLOYMENT AGREEMENT. THE PRESIDENT/CEO SET SALARIES FOR THE STAFF POSITIONS BASED ON LABOR MARKET RATES AND INDIVIDUAL QUALIFICATIONS OF HIRED STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC ONLINE AT THE NYS ATTORNEY GENERAL'S CHARITIES BUREAU WEBSITE OR BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 145. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,316. TOTAL EXPENSES 1,461. EIR FEES: PROGRAM SERVICE EXPENSES 173,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 173,620. OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 73,360. MANAGEMENT AND GENERAL EXPENSES 27,472. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,832. PAYROLL: PROGRAM SERVICE EXPENSES 195. MANAGEMENT AND GENERAL EXPENSES 2,367. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,562.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0LAUNCH NEW YORK INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LAUNCHNY SEED FUND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt021254
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO MAKE INVESTMENTS IN START-UP COMPANIES IN UPSTATE NEW YORK
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt032740
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt077 GOODELL ST SUITE 201
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BUFFALO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd014203
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0329052
IRS990/TotalAssetsEOYAmt02830043
IRS990/TotalAssetsGrp/BOYAmt0329052
IRS990/TotalAssetsGrp/EOYAmt02830043
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0940028
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038725
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0155626
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0608338
IRS990/TotalFunctionalExpensesGrp/TotalAmt0802689
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0184037
IRS990/TotalLiabilitiesEOYAmt02444410
IRS990/TotalLiabilitiesGrp/BOYAmt0184037
IRS990/TotalLiabilitiesGrp/EOYAmt02444410
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0145015
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0385633
IRS990/TotalOtherCompensationAmt017422
IRS990/TotalProgramServiceExpensesAmt0608338
IRS990/TotalProgramServiceRevenueAmt097603

Document Assets

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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
2016Detailed filing. Detailed filing data is available for this year.$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