Civic Intelligence

Launch Inc

990 • Fiscal year 2015 • EIN 46-2203112

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 19, 2016

PO Box 903Chattanooga, TN 37401

(423) 785-8235

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

40th percentile

0.02x

Higher debt load relative to revenue than 40% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

97th percentile

240%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$554,120

Up $391,109 (+240%) from 2014

Net Assets

Up

$542,965

Up $385,503 (+245%) from 2014

Liabilities

Up

$11,155

Up $5,606 (+101%) from 2014

Revenue

Up

$608,868

Up $83,715 (+16%) from 2014

Expenses

Up

$485,315

Up $104,393 (+27%) from 2014

Net Income

Down

$123,553

Down $20,678 (-14%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $52,180Liabilities 2011: $02011Assets 2012: $37,450Liabilities 2012: $27,0002012Assets 2013: $54,941Liabilities 2013: $41,710Net Assets 2013: $13,2312013Assets 2014: $163,011Liabilities 2014: $5,549Net Assets 2014: $157,4622014Assets 2015: $554,120Liabilities 2015: $11,155Net Assets 2015: $542,9652015Assets 2016: $825,796Liabilities 2016: $18,851Net Assets 2016: $806,9452016Assets 2017: $710,866Liabilities 2017: $26,600Net Assets 2017: $684,2662017Assets 2018: $411,130Liabilities 2018: $11,537Net Assets 2018: $399,5932018Assets 2019: $600,382Liabilities 2019: $16,550Net Assets 2019: $583,8322019Assets 2020: $853,806Liabilities 2020: $173,614Net Assets 2020: $680,1922020Assets 2021: $703,571Liabilities 2021: $193,212Net Assets 2021: $510,3592021Assets 2022: $1,317,452Liabilities 2022: $607,352Net Assets 2022: $710,1002022Assets 2023: $1,678,542Liabilities 2023: $631,408Net Assets 2023: $1,047,1342023Assets 2024: $3,447,753Liabilities 2024: $2,936,421Net Assets 2024: $511,3322024

Highlighted filing

2015

Assets$554,120
Liabilities$11,155
Net Assets$542,965

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $126,250Expenses 2011: $74,070Net Income 2011: $52,1802011Revenue 2012: $147,231Expenses 2012: $188,961Net Income 2012: -$41,7302012Revenue 2013: $284,241Expenses 2013: $281,460Net Income 2013: $2,7812013Revenue 2014: $525,153Expenses 2014: $380,922Net Income 2014: $144,2312014Revenue 2015: $608,868Expenses 2015: $485,315Net Income 2015: $123,5532015Revenue 2016: $809,219Expenses 2016: $551,584Net Income 2016: $257,6352016Revenue 2017: $649,839Expenses 2017: $779,591Net Income 2017: -$129,7522017Revenue 2018: $530,596Expenses 2018: $812,411Net Income 2018: -$281,8152018Revenue 2019: $880,705Expenses 2019: $694,021Net Income 2019: $186,6842019Revenue 2020: $1,003,661Expenses 2020: $905,520Net Income 2020: $98,1412020Revenue 2021: $876,031Expenses 2021: $1,045,941Net Income 2021: -$169,9102021Revenue 2022: $1,180,931Expenses 2022: $981,190Net Income 2022: $199,7412022Revenue 2023: $1,594,760Expenses 2023: $1,257,726Net Income 2023: $337,0342023Revenue 2024: $999,089Expenses 2024: $1,534,891Net Income 2024: -$535,8022024

Highlighted filing

2015

Revenue$608,868
Expenses$485,315
Net Income$123,553
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 19, 2016
Return Version
2015v2.1
Gross Receipts
$608,868
Mission and Program Overview

Mission

The purposes for which this corporation is organized are the establishment and support of charitable, scientific or educational activities within the meaning of section 501(c)(3) of the internal revenue code,either directly or indirectly through its cooperation with public or private agencies having like purposes or objectives

The purposes for which this corporation is organized are the establishment and support of charitable, scientific or educational activities within the meaning of section 501(c)(3) of the internal revenue code, either directly or indirectly through its cooperation with public or private agencies having like purposes or objectives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$161,155$291,398▲ $130,243
Pledges and Grants Receivable-$255,000-
Land, Buildings, and Equipment, Net$1,856$6,122▲ $4,266
Other Notes and Loans Receivable, Net-$100-
Total Assets$163,011$554,120▲ $391,109
Other Assets Total-$1,500-
Liabilities
Other Liabilities$5,549$6,525▲ $976
Accounts Payable and Accrued Expenses-$4,630-
Total Liabilities$5,549$11,155▲ $5,606
Net Assets / Fund Balance
Unrestricted Net Assets$157,462$487,965▲ $330,503
Temporarily Rstr Net Assets-$55,000-
Total Net Assets Fund Balance$157,462$542,965▲ $385,503
Total Liabilities and Net Assets / Fund Balance$163,011$554,120▲ $391,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,122$2,431$8,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hal BowlingExecutive DiFT$89,667$89,667

Board Members and Trustees

NameTitle
Russell GoldenPresident
Jeff OlingyMember
John OwenMember
John RileyMember
Shayne WoodsMember
Tangela JohnsonMember
Chad DirkseSecretary
Jason MartinTreasurer
Kristina MontagueVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$586,265
Program Service Revenue
$12,168
Investment Income
$106
Other Revenue
$10,329
Change in Net Assets
$123,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$286,082
Other Expenses$183,239
Total Fundraising Expense$50,029
Professional Fundraising Fees$15,994
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$176,882--$176,882
Current Officers, Directors, Trustees, and Key Employees$13,739$44,217$31,711$89,667
Fees for Services Other$80,076--$80,076
Payroll Taxes$13,969$3,240$2,324$19,533
Travel$18,723--$18,723
Fees for Services Professional Fundraising--$15,994$15,994
Occupancy$10,271--$10,271
Office Expenses$9,985--$9,985
Insurance-$8,431-$8,431
Advertising$7,052--$7,052
Conferences and Meetings$6,695--$6,695
Other Expenses$3,170--$3,170
Depreciation Depletion$2,982--$2,982
Fees for Services Accounting$2,804--$2,804
All Other Expenses$1,447--$1,447
Total Functional Expenses$379,398$55,888$50,029$485,315
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$15,994
Fundraising Gross Income$10,329
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$6,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
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 8B

There were no committees during 2015

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

990 submitted to board to review 990 prior to electronic submission to the internal revenue service

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

Compensation arrangements are based on information about compensation paid by similarly situated tax-exempt organizations for similar services and all arrangements are voted on by the board.

Form 990, Page 6, Part VI, Line 19

990 is available upon request

Filing and Contact Details

Filer

Filer Name
Launch Inc
EIN
46-2203112
Phone
4237858235
Address
PO BOX 903, CHATTANOOGA, TN 37401

Signing Officer

Name
Hal Bowling
Title
Executive Director
Phone
4237858235
Signed
2016-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hal Bowling
Formed
2011
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
35

Preparer

Firm
The Walls Group
Address
401 CHESTNUT ST STE 200, CHATTANOOGA, TN 37402
Preparer
Mellanee Walls
Phone
4236641004
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purposes for which this corporation is organized are the establishment and support of charitable, scientific or educational activities within the meaning of section 501(c)(3) of the internal revenue code, either directly or indirectly through its cooperation with public or private agencies having like purposes or objectives.

Form 990, Part IX, Line 11G

Contract labor 70,265 0 0 other professional fees 4,463 0 0 city consult expense 5,348 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 1,437 audit adjustments to record prior yr grant income 275,000 audit adjustments to record prior period expenses -14,487 total 261,950

Raw XML Appendix381 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0119298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01581747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022603
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01581747
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0586265
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0471318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0263175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0141691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0119298
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01581747
IRS990ScheduleA/TotalSupportAmt01581750
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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
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IRS990ScheduleD/EquipmentGrp/BookValueAmt06122
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02431
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06122
IRS990ScheduleD/TotalLiabilityAmt06525
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED ARE THE ESTABLISHMENT AND SUPPORT OF CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EITHER DIRECTLY OR INDIRECTLY THROUGH ITS COOPERATION WITH PUBLIC OR PRIVATE AGENCIES HAVING LIKE PURPOSES OR OBJECTIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE WERE NO COMMITTEES DURING 2015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 SUBMITTED TO BOARD TO REVIEW 990 PRIOR TO ELECTRONIC SUBMISSION TO THE INTERNAL REVENUE SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION ARRANGEMENTS ARE BASED ON INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES AND ALL ARRANGEMENTS ARE VOTED ON BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4990 IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT LABOR 70,265 0 0 OTHER PROFESSIONAL FEES 4,463 0 0 CITY CONSULT EXPENSE 5,348 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 1,437 AUDIT ADJUSTMENTS TO RECORD PRIOR YR GRANT INCOME 275,000 AUDIT ADJUSTMENTS TO RECORD PRIOR PERIOD EXPENSES -14,487 TOTAL 261,950
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0163011
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IRS990/TotalContributionsAmt0586265
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050029
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055888
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0379398
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05549
IRS990/TotalLiabilitiesEOYAmt011155
IRS990/TotalLiabilitiesGrp/BOYAmt05549
IRS990/TotalLiabilitiesGrp/EOYAmt011155
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0157462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0542965
IRS990/TotalProgramServiceExpensesAmt0379398
IRS990/TotalProgramServiceRevenueAmt012168
IRS990/TotalReportableCompFromOrgAmt089667
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0608868
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0163011
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0554120
IRS990/TravelGrp/ProgramServicesAmt018723
IRS990/TravelGrp/TotalAmt018723
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0157462
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0487965
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 903
IRS990/USAddress/CityNm0CHATTANOOGA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037401
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0LAUNCHCHATTANOOGA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAL BOWLING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04237858235
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0462203112
ReturnHeader/Filer/PhoneNum04237858235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 903
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208167848
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE WALLS GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 CHESTNUT ST STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037402
ReturnHeader/PreparerPersonGrp/PhoneNum04236641004
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELLANEE WALLS
ReturnHeader/ReturnTs02016-08-08T09:13:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.45$2.94$0.51$1.00$1.53$0.54
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.63$1.05$1.59$1.26$0.34
2022Detailed filing. Detailed filing data is available for this year.$1.32$0.61$0.71$1.18$0.98$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.19$0.51$0.88$1.05$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.17$0.68$1.00$0.91$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.58$0.88$0.69$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.53$0.81$0.28
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.03$0.68$0.65$0.78$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.81$0.55$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.61$0.49$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.16$0.53$0.38$0.14
2013Summary only. Only limited summary data is available for this year.$0.05$0.04$0.01$0.28$0.28$0.00
2012Summary only. Only limited summary data is available for this year.$0.04$0.03$0.15$0.19$0.04
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$0.13$0.07$0.05