Civic Intelligence

Launch Leadership Inc.

990 • Fiscal year 2022 • EIN 46-2037620

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 21, 2023

211 North 14th StreetLincoln, NE 68508

(402) 437-0011

Siviq Scores

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

Liabilities / Assets

98th percentile

5.22x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

0.55x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

14th percentile

-34%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$64,519

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

8th percentile

-58%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-1.7%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$35,811

Down $49,411 (-58%) from 2021

Net Assets

Down

-$151,033

Down $117,113 (-345%) from 2021

Liabilities

Up

$186,844

Up $67,702 (+57%) from 2021

Revenue

Down

$337,113

Down $5,814 (-1.7%) from 2021

Expenses

Up

$451,027

Up $102,158 (+29%) from 2021

Net Income

Down

-$113,914

Down $107,972 (-1817%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2013: $39,622Liabilities 2013: $7,7452013Assets 2014: $43,736Liabilities 2014: $4,913Net Assets 2014: $38,8232014Assets 2015: $49,198Liabilities 2015: $4,5272015Assets 2016: $94,427Liabilities 2016: $37,963Net Assets 2016: $56,4642016Assets 2017: $93,324Liabilities 2017: $1,250Net Assets 2017: $92,0742017Assets 2018: $97,778Liabilities 2018: $5,189Net Assets 2018: $92,5892018Assets 2019: $68,224Liabilities 2019: $4,346Net Assets 2019: $63,8782019Assets 2020: $90,584Liabilities 2020: $119,769Net Assets 2020: -$29,1852020Assets 2021: $85,222Liabilities 2021: $119,142Net Assets 2021: -$33,9202021Assets 2022: $35,811Liabilities 2022: $186,844Net Assets 2022: -$151,0332022Assets 2023: $14,504Liabilities 2023: $175,942Net Assets 2023: -$161,4382023Assets 2024: $45,180Liabilities 2024: $182,473Net Assets 2024: -$137,2932024

Highlighted filing

2022

Assets$35,811
Liabilities$186,844
Net Assets-$151,033

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $82,835Expenses 2013: $94,137Net Income 2013: -$11,3022013Revenue 2014: $110,533Expenses 2014: $101,158Net Income 2014: $9,3752014Revenue 2015: $135,400Expenses 2015: $130,106Net Income 2015: $5,2942015Revenue 2016: $175,962Expenses 2016: $164,169Net Income 2016: $11,7932016Revenue 2017: $258,079Expenses 2017: $268,661Net Income 2017: -$10,5822017Revenue 2018: $324,481Expenses 2018: $321,716Net Income 2018: $2,7652018Revenue 2019: $386,357Expenses 2019: $419,466Net Income 2019: -$33,1092019Revenue 2020: $182,541Expenses 2020: $281,903Net Income 2020: -$99,3622020Revenue 2021: $342,927Expenses 2021: $348,869Net Income 2021: -$5,9422021Revenue 2022: $337,113Expenses 2022: $451,027Net Income 2022: -$113,9142022Revenue 2023: $402,383Expenses 2023: $412,788Net Income 2023: -$10,4052023Revenue 2024: $465,618Expenses 2024: $441,473Net Income 2024: $24,1452024

Highlighted filing

2022

Revenue$337,113
Expenses$451,027
Net Income-$113,914
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 21, 2023
Return Version
2022v5.0
Gross Receipts
$343,252
Mission and Program Overview

Mission

To provide leadership development services to the youth of nebraska.

To empower middle and high school students through experience-based leadership training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$23,527$20,328▼ $3,199
Cash and Non-Interest-Bearing Accounts$52,800$11,430▼ $41,370
Accounts Receivable$8,895$4,053▼ $4,842
Total Assets$85,222$35,811▼ $49,411
Liabilities
Unsecured Notes Loans Payable$116,351$112,799▼ $3,552
Accounts Payable and Accrued Expenses$2,791$74,045▲ $71,254
Total Liabilities$119,142$186,844▲ $67,702
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,250$1,250→ $0
Net Assets Without Donor Restrictions$-35,170$-152,283▼ $117,113
Total Net Assets Fund Balance$-33,920$-151,033▼ $117,113
Total Liabilities and Net Assets / Fund Balance$85,222$35,811▼ $49,411

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$20,328--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kayla MeyerExecutive DiFT$64,519$64,519

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$104,636
Program Service Revenue
$229,662
Investment Income
$217
Other Revenue
$2,598
All Other Contributions
$104,636
Change in Net Assets
$-113,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,475
Salaries, Compensation, and Employee Benefits$192,452
Total Fundraising Expense$78,721
Grants and Similar Amounts Paid$23,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,496$21,785$21,785$89,066
Conferences and Meetings$72,398$171$994$73,563
Current Officers, Directors, Trustees, and Key Employees$32,957$15,781$15,781$64,519
Other Employee Benefits$17,041$948$8,520$26,509
Grants to Domestic Individuals$23,100--$23,100
Fees for Services Other$14,590-$1,500$16,090
All Other Expenses$10,101$456$4,278$14,835
Payroll Taxes$6,306$3,026$3,026$12,358
Occupancy$6,600$2,400$3,000$12,000
Fees for Services Accounting-$9,474-$9,474
Other Expenses$8,130$61$513$8,704
Advertising$2,744-$5,762$8,506
Information Technology$3,311-$4,956$8,267
Insurance-$5,570-$5,570
Office Expenses$136$2,687$1,015$3,838
Interest-$2,909-$2,909
Travel$443-$423$866
Total Functional Expenses$296,077$76,229$78,721$451,027
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,737
Fundraising Direct Expenses$6,139
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
Backup withholding compliance
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director and board treasurer conducted a review of the form 990 prior to submission due to time constraints on behalf of the preparer. The organization will provide a copy to all members of the board of directors subsequent to submission.

Form 990, Page 6, Part VI, Line 12C

Board members are required to complete and sign annual conflict of interest policy documentation.

Form 990, Page 6, Part VI, Line 15A

The executive committee reviews and approves compensation changes for the executive director.

Form 990, Page 6, Part VI, Line 15B

The executive committee reviews and approves compensation changes for officers or key employees.

Form 990, Page 6, Part VI, Line 19

Governing docs, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Launch Leadership Inc
EIN
46-2037620
Phone
4024370011
Address
211 NORTH 14TH STREET, LINCOLN, NE 68508

Signing Officer

Name
Alison Maloy
Title
Treasurer
Phone
4023144706
Signed
2023-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alison Maloy
Formed
2013
Legal Domicile
Ne
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
200

Preparer

Firm
Grafton & Associates Pc
Address
5935 S 56TH ST SUITE A, LINCOLN, NE 68516
Preparer
Joseph J Meduna
Phone
4024863600
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IRS990/OtherExpensesGrp/Desc1MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2BRANDING
IRS990/OtherExpensesGrp/Desc3BANK CHARGES AND FEES
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IRS990/OtherExpensesGrp/FundraisingAmt3513
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1112
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt261
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IRS990/OtherExpensesGrp/ProgramServicesAmt11120
IRS990/OtherExpensesGrp/ProgramServicesAmt25750
IRS990/OtherExpensesGrp/ProgramServicesAmt38130
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IRS990/OtherExpensesGrp/TotalAmt28927
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IRS990/OtherSalariesAndWagesGrp/TotalAmt089066
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IRS990/PayrollTaxesGrp/FundraisingAmt03026
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03026
IRS990/PayrollTaxesGrp/ProgramServicesAmt06306
IRS990/PayrollTaxesGrp/TotalAmt012358
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ALISON MALOY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0229662
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IRS990/PYContributionsGrantsAmt0164489
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IRS990/PYInvestmentIncomeAmt0101
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IRS990/PYOtherRevenueAmt05667
IRS990/PYProgramServiceRevenueAmt0172670
IRS990/PYRevenuesLessExpensesAmt0-5942
IRS990/PYSalariesCompEmpBnftPaidAmt0128871
IRS990/PYTotalExpensesAmt0348869
IRS990/PYTotalRevenueAmt0342927
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0229662
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt016350
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt015703
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt025441
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt046200
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt031810
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0135504
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0125611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt065574
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0590231
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0284728
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IRS990ScheduleA/Total509Grp/TotalAmt01649835
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01650263
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt023100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND BOARD TREASURER CONDUCTED A REVIEW OF THE FORM 990 PRIOR TO SUBMISSION DUE TO TIME CONSTRAINTS ON BEHALF OF THE PREPARER. THE ORGANIZATION WILL PROVIDE A COPY TO ALL MEMBERS OF THE BOARD OF DIRECTORS SUBSEQUENT TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN ANNUAL CONFLICT OF INTEREST POLICY DOCUMENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION CHANGES FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION CHANGES FOR OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B

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