Civic Intelligence

Launch New York Inc.

990 • Fiscal year 2020 • EIN 45-3980649

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 20, 2021

Organization ProfileWWW.LAUNCHNY.ORG

View Organization Page

77 Goodell Street No 201Buffalo, NY 14203

(716) 200-0961

Siviq Scores

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

Liabilities / Assets

29th percentile

0.06x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.10x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$276,575

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Asset Growth

86th percentile

42%

Faster asset growth than 86% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-7.1%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$5,910,787

Up $1,754,258 (+42%) from 2019

Net Assets

Up

$5,564,827

Up $1,613,849 (+41%) from 2019

Liabilities

Up

$345,960

Up $140,409 (+68%) from 2019

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin89th percentile

Revenue

Down

$3,470,565

Down $265,779 (-7.1%) from 2019

Expenses

Down

$1,856,716

Down $627 (-0.0%) from 2019

Net Income

Down

$1,613,849

Down $265,152 (-14%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

2020

Assets$5,910,787
Liabilities$345,960
Net Assets$5,564,827
Open 2020 Filing

Operations Trend

Revenue Growth45th percentile

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

2020

Revenue$3,470,565
Expenses$1,856,716
Net Income$1,613,849
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 20, 2021
Return Version
2020v4.1
Gross Receipts
$3,470,565
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
Other Notes and Loans Receivable, Net$2,031,472$2,458,175▲ $426,703
Savings and Temporary Cash Investments$1,214,297$1,891,005▲ $676,708
Investments Other Securities$92,755$441,140▲ $348,385
Pledges and Grants Receivable$343,911$435,230▲ $91,319
Cash and Non-Interest-Bearing Accounts$312,527$428,748▲ $116,221
Land, Buildings, and Equipment, Net$11,951$5,035▼ $6,916
Prepaid Expenses and Deferred Charges$0$1,924▲ $1,924
Total Assets$4,156,529$5,910,787▲ $1,754,258
Other Assets Total$149,616$249,530▲ $99,914
Liabilities
Accounts Payable and Accrued Expenses$205,551$233,459▲ $27,908
Mortgage Notes Payable Secured by Investment Property$0$112,501▲ $112,501
Total Liabilities$205,551$345,960▲ $140,409
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,832,576$5,514,827▲ $1,682,251
Net Assets With Donor Restrictions$118,402$50,000▼ $68,402
Total Net Assets Fund Balance$3,950,978$5,564,827▲ $1,613,849
Total Liabilities and Net Assets / Fund Balance$4,156,529$5,910,787▲ $1,754,258

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,035$34,510$39,545
Other Securities$441,140--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marion LavigneCEO/president/secretaryFT$195,955$80,620$276,575
Scott TerhaarCOO/treasurer (1/27/20-present)FT$87,895$22,159$110,054
Lindsay Karas StencelCOO/treasurer (to 2/29/20)PT$78,110$4,609$82,719

Board Members and Trustees

NameTitle
George ChamounDirector/chairperson
Jordan LevyDirector/vice Chairperso
Jennifer BeckageDirector
Maggie DornDirector
Mel PassarelliDirector
Melodie BakerDirector
Thomas LynchDirector
Zachary SchulmanDirector
Michael DefreitasAssistant Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Thompson Hine LLPLegal Services3900 KEY CENTER 127 PUBLIC SQUARE, Cleveland, OH 44114$104,371
Revenue and Support

Revenue Composition

Contributions and Grants
$2,904,639
Program Service Revenue
$363,950
Investment Income
$199,476
Other Revenue
$2,500
All Other Contributions
$1,669,936
Change in Net Assets
$1,613,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,123,551
Salaries, Compensation, and Employee Benefits$733,165
Total Fundraising Expense$64,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$335,459$61,184$25,317$421,960
Fees for Services Other$320,356$32,823$5,571$358,750
Other Salaries and Wages$158,559$28,920$11,967$199,446
Fees for Services Legal$94,950$19,655$4,156$118,761
Advertising$92,098-$5,879$97,977
Conferences and Meetings$52,820$4,108$1,761$58,689
Payroll Taxes$41,777$7,620$3,153$52,550
Other Employee Benefits$38,178$6,963$2,882$48,023
Office Expenses$20,468$6,016$961$27,445
Fees for Services Accounting$20,098$4,160$880$25,138
Travel$13,749$1,070$458$15,277
Occupancy$9,469$2,783$444$12,696
Pension Plan Contributions$8,893$1,622$671$11,186
Depreciation Depletion-$6,916-$6,916
Other Expenses$16,807$3,578$692$3,578
Insurance-$2,512-$2,512
Total Functional Expenses$1,599,720$192,204$64,792$1,856,716
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, 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, 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 NO 201, BUFFALO, NY 14203

Signing Officer

Name
Marion Lavigne
Title
President/CEO
Phone
7162000961
Signed
2021-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marion Lavigne
Formed
2011
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
8

Preparer

Firm
Freed Maxick Cpas 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 2,229. Management and general expenses 406. Fundraising expenses 168. Total expenses 2,803. Eir contractors: program service expenses 239,889. Management and general expenses 0. Fundraising expenses 0. Total expenses 239,889. Program fees: program service expenses 8,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,000. Eir professional fees: program service expenses 70,238. Management and general expenses 32,417. Fundraising expenses 5,403. Total expenses 108,058.”

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 600 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S OBJECTIVE IS TO SUPPORT UNDERPERFORMING ENTREPRENEURSHIPS IN UPSTATE NY, BY PROVIDING PROGRAMS & 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 RECEIVE PROFESSIONAL EQUITY INVESTMENTS FROM ANGEL, SEED-STAGE, AND VENTURE CAPITAL INVESTORS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt02783
IRS990/OccupancyGrp/ProgramServicesAmt09469
IRS990/OccupancyGrp/TotalAmt012696
IRS990/OfficeExpensesGrp/FundraisingAmt0961
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06016
IRS990/OfficeExpensesGrp/ProgramServicesAmt020468
IRS990/OfficeExpensesGrp/TotalAmt027445
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0149616
IRS990/OtherAssetsTotalGrp/EOYAmt0249530
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02882
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06963
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt038178
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048023
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1GRANT ADMINISTRATION
IRS990/OtherExpensesGrp/Desc2SOFTWARE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0692
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02274
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13578
IRS990/OtherExpensesGrp/ProgramServicesAmt0236039
IRS990/OtherExpensesGrp/ProgramServicesAmt1140000
IRS990/OtherExpensesGrp/ProgramServicesAmt216807
IRS990/OtherExpensesGrp/TotalAmt0236039
IRS990/OtherExpensesGrp/TotalAmt1140000
IRS990/OtherExpensesGrp/TotalAmt219773
IRS990/OtherExpensesGrp/TotalAmt33578
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0SPONSORSHIP REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02500
IRS990/OtherRevenueTotalAmt02500
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011967
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028920
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0158559
IRS990/OtherSalariesAndWagesGrp/TotalAmt0199446
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02031472
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02458175
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03153
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07620
IRS990/PayrollTaxesGrp/ProgramServicesAmt041777
IRS990/PayrollTaxesGrp/TotalAmt052550
IRS990/PensionPlanContributionsGrp/FundraisingAmt0671
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01622
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08893
IRS990/PensionPlanContributionsGrp/TotalAmt011186
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0343911
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0435230
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01924
IRS990/PrincipalOfficerNm0MARION LAVIGNE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0363950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0363950
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03347264
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0161623
IRS990/PYOtherExpensesAmt01121518
IRS990/PYOtherRevenueAmt014313
IRS990/PYProgramServiceRevenueAmt0213144
IRS990/PYRevenuesLessExpensesAmt01879001
IRS990/PYSalariesCompEmpBnftPaidAmt0735825
IRS990/PYTotalExpensesAmt01857343
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03736344
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01613849
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0366450
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01214297
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01891005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02904639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03347264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02363640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01594150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0940028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011149721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0199476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0161623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt085041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt054788
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05676
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0506604
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0889218
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67630
IRS990ScheduleA/PublicSupportPY170Pct00.77770
IRS990ScheduleA/PublicSupportTotal170Amt07882634
IRS990ScheduleA/SubstantialContributorsTotAmt03267087
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02904639
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03347264
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01594150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0940028
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011149721
IRS990ScheduleA/TotalSupportAmt011656325
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05035
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034510
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039545
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0441140
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
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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IRS990ScheduleD/TotalBookValueSecuritiesAmt0441140
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0195955
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,910,787
Liabilities
$345,960
Net assets
$5,564,827
Revenue
$3,470,565
Expenses
$1,856,716
Net income
$1,613,849
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
2020Detailed filing. Detailed filing data is available for this year.$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