Civic Intelligence

Launch Inc

990 • Fiscal year 2016 • EIN 46-2203112

Jan 01, 2016 to Dec 31, 2016 • Filed on May 20, 2017

Organization ProfileLAUNCHCHATTANOOGA.ORG
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

44th percentile

0.02x

Higher debt load relative to assets than 44% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

44th percentile

0.02x

Higher debt load relative to revenue than 44% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

86th percentile

32%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$99,400

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

89th percentile

49%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$825,796

Up $271,676 (+49%) from 2015

Net Assets

Up

$806,945

Up $263,980 (+49%) from 2015

Liabilities

Up

$18,851

Up $7,696 (+69%) from 2015

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin86th percentile

Revenue

Up

$809,219

Up $200,351 (+33%) from 2015

Expenses

Up

$551,584

Up $66,269 (+14%) from 2015

Net Income

Up

$257,635

Up $134,082 (+109%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

2016

Assets$825,796
Liabilities$18,851
Net Assets$806,945
Open 2016 Filing

Operations Trend

Revenue Growth82nd percentile

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

2016

Revenue$809,219
Expenses$551,584
Net Income$257,635
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 20, 2017
Return Version
2016v3.0
Gross Receipts
$809,219
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$291,398$415,555▲ $124,157
Pledges and Grants Receivable$255,000$387,280▲ $132,280
Accounts Receivable-$9,355-
Land, Buildings, and Equipment, Net$6,122$7,439▲ $1,317
Prepaid Expenses and Deferred Charges-$4,667-
Other Notes and Loans Receivable, Net$100--
Total Assets$554,120$825,796▲ $271,676
Other Assets Total$1,500$1,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,630$14,924▲ $10,294
Other Liabilities$6,525$3,927▼ $2,598
Total Liabilities$11,155$18,851▲ $7,696
Net Assets / Fund Balance
Unrestricted Net Assets$487,965$595,365▲ $107,400
Temporarily Rstr Net Assets$55,000$211,580▲ $156,580
Total Net Assets Fund Balance$542,965$806,945▲ $263,980
Total Liabilities and Net Assets / Fund Balance$554,120$825,796▲ $271,676

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,439$4,120$11,559
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Hal BowlingExecutive DiFT$99,400$99,400

Board Members and Trustees

NameTitle
Jeff OlingyPresident
Chuck FisherMember
John OwenMember
Mary ThompsonMember
Mike BradshawMember
Ronna-renee JacksonMember
Tangela JohnsonMember
Zac BrownMember
Russell GoldenPast Preside
Kristina MontagueSecretary
Alan KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$747,691
Program Service Revenue
$61,051
Investment Income
$477
Other Revenue
$0
Change in Net Assets
$257,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$325,553
Other Expenses$208,858
Total Fundraising Expense$53,883
Professional Fundraising Fees$17,173
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$203,181--$203,181
Current Officers, Directors, Trustees, and Key Employees$8,626$60,516$30,258$99,400
Fees for Services Other$58,783--$58,783
Travel$29,689--$29,689
Payroll Taxes$16,080$4,594$2,298$22,972
Occupancy$16,307$2,718$1,882$20,907
Fees for Services Professional Fundraising--$17,173$17,173
Conferences and Meetings$8,646$1,003$695$10,344
Fees for Services Accounting$9,819--$9,819
Insurance-$7,288-$7,288
Advertising$4,837$806$558$6,201
Office Expenses$4,300$717$497$5,514
All Other Expenses$1,016$2,641$117$3,774
Other Expenses$2,192$365$253$2,810
Depreciation Depletion$1,317$220$152$1,689
Fees for Services Legal$728--$728
Total Functional Expenses$410,304$87,397$53,883$551,584
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,173
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$3,927
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 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
2017-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hal Bowling
Formed
2011
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
11
Employees
8

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 56,305 0 0 city consult expense 2,478 0 0 total 58,783 0 0”

Form 990, Part XI, Line 9

“Audit adjustment to pr yr for program income 6,345”

Raw XML AppendixShowing 400 of 413 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/OtherExpensesGrp/TotalAmt114861
IRS990/OtherExpensesGrp/TotalAmt29891
IRS990/OtherExpensesGrp/TotalAmt32810
IRS990/OtherLiabilitiesGrp/BOYAmt06525
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0203181
IRS990/OtherSalariesAndWagesGrp/TotalAmt0203181
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0106
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IRS990/PYOtherRevenueAmt010329
IRS990/PYProgramServiceRevenueAmt012168
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IRS990/PYTotalRevenueAmt0608868
IRS990/ReconcilationRevenueExpnssAmt0257635
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt061051
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0586265
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0471318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0263175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0141691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02210140
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt061528
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0747691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0586265
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0263175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0141691
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02210140
IRS990ScheduleA/TotalSupportAmt02210140
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt04120
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07439
IRS990ScheduleD/TotalLiabilityAmt03927
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/ExplanationTxt1990 SUBMITTED TO BOARD TO REVIEW 990 PRIOR TO ELECTRONIC SUBMISSION TO THE INTERNAL REVENUE SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION 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/ExplanationTxt3990 IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 56,305 0 0 CITY CONSULT EXPENSE 2,478 0 0 TOTAL 58,783 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDIT ADJUSTMENT TO PR YR FOR PROGRAM INCOME 6,345
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0825796
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0747691
IRS990/TotalEmployeeCnt08
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt087397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0410304
IRS990/TotalFunctionalExpensesGrp/TotalAmt0551584
IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt061051
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0554120
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0825796
IRS990/TravelGrp/ProgramServicesAmt029689
IRS990/TravelGrp/TotalAmt029689
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0487965
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0595365
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 903
IRS990/USAddress/CityNm0CHATTANOOGA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037401
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0LAUNCHCHATTANOOGA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAL BOWLING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04237858235
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0462203112
ReturnHeader/Filer/PhoneNum04237858235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 903
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208167848

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$825,796
Liabilities
$18,851
Net assets
$806,945
Revenue
$809,219
Expenses
$551,584
Net income
$257,635
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