Civic Intelligence

Launch Inc

990 • Fiscal year 2021 • EIN 46-2203112

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileLAUNCHCHATTANOOGA.ORG
302 W 6th StreetChattanooga, TN 37402

(423) 785-8235

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$603,999

Down $249,807 (-29%) from 2020

Net Assets

Down

$433,788

Down $246,404 (-36%) from 2020

Liabilities

Down

$170,211

Down $3,403 (-2.0%) from 2020

Revenue And Expenses

Revenue

Down

$792,532

Down $211,129 (-21%) from 2020

Expenses

Up

$1,038,936

Up $133,416 (+15%) from 2020

Net Income

Down

-$246,404

Down $344,545 (-351%) from 2020

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: $603,999Liabilities 2021: $170,211Net Assets 2021: $433,7882021Assets 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

2021

Assets$603,999
Liabilities$170,211
Net Assets$433,788
Open 2021 Filing

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: $792,532Expenses 2021: $1,038,936Net Income 2021: -$246,4042021Revenue 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

2021

Revenue$792,532
Expenses$1,038,936
Net Income-$246,404
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$792,608
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

Launch cha empowers individuals and communities through entrepreneurship

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$647,631$469,337▼ $178,294
Land, Buildings, and Equipment, Net$9,732$95,992▲ $86,260
Pledges and Grants Receivable$183,750$30,000▼ $153,750
Intangible Assets$3,367$4,624▲ $1,257
Accounts Receivable$8,513$-887▼ $9,400
Total Assets$853,806$603,999▼ $249,807
Other Assets Total$813$4,933▲ $4,120
Liabilities
Unsecured Notes Loans Payable$148,106$155,338▲ $7,232
Accounts Payable and Accrued Expenses$18,070$14,873▼ $3,197
Other Liabilities$7,438--
Total Liabilities$173,614$170,211▼ $3,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$412,840$219,066▼ $193,774
Net Assets With Donor Restrictions$267,352$214,722▼ $52,630
Total Net Assets Fund Balance$680,192$433,788▼ $246,404
Total Liabilities and Net Assets / Fund Balance$853,806$603,999▼ $249,807

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,030$28,991$93,021
Buildings$31,962-$31,962
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zac BrownPresident
Andy JonesMember
Chuck FisherMember
Felicia JacksonMember
Juli-ann MorganMember
Lindsey GallaherMember
Marcus Cade-johnsonMember
Marcus ShawMember
Quentin LawrenceMember
Ternae Jordan SrMember
Lucas WatsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$600,468
Program Service Revenue
$189,360
Investment Income
$1,949
Other Revenue
$755
All Other Contributions
$502,386
Change in Net Assets
$-246,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$792,532
Total Revenue per Audited Statements
$792,532
Total Revenue per Form 990
$792,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$618,242
Salaries, Compensation, and Employee Benefits$420,694
Total Fundraising Expense$74,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$277,428$35,868$52,704$366,000
Fees for Services Other$166,074-$13,818$179,892
Occupancy$110,349--$110,349
Office Expenses$13,534$17,149-$30,683
Payroll Taxes$21,712$2,807$4,125$28,644
Other Employee Benefits$19,746$2,553$3,751$26,050
All Other Expenses$21,082--$21,082
Advertising$20,059--$20,059
Other Expenses$19,205--$19,205
Fees for Services Accounting-$14,663-$14,663
Depreciation Depletion$11,681--$11,681
Travel-$10,855-$10,855
Insurance-$9,067-$9,067
Interest-$4,157-$4,157
Total Functional Expenses$867,419$97,119$74,398$1,038,936

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,038,936
Total Expenses per Audited Statements$1,038,936
Total Expenses per Form 990$1,038,936
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
Audit committee
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
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
302 W 6TH STREET, CHATTANOOGA, TN 37402

Signing Officer

Name
Hal Bowling
Title
Executive Director
Phone
4237858235
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hal Bowling
Formed
2011
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
12
Employees
8
Volunteers
75

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, Part IX, Line 11G

“Contract labor 148,211 0 0 development costs 17,863 0 13,818 total 166,074 0 13,818”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0600468
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0857663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0782440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0397817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0534857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03173245
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0680567
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67060
IRS990ScheduleA/PublicSupportPY170Pct00.56430
IRS990ScheduleA/PublicSupportTotal170Amt02128097
IRS990ScheduleA/SubstantialContributorsTotAmt01045148
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0600468
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0857663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0782440
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0397817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0534857
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03173245
IRS990ScheduleA/TotalSupportAmt03173245
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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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt031962
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031962
IRS990ScheduleD/EquipmentGrp/BookValueAmt064030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028991
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093021
IRS990ScheduleD/ExpensesSubtotalAmt01038936
IRS990ScheduleD/RevenueSubtotalAmt0792532
IRS990ScheduleD/TotalBookValueLandBuildingsAmt095992
IRS990ScheduleD/TotalExpensesPerForm990Amt01038936
IRS990ScheduleD/TotalRevenuePerForm990Amt0792532
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0792532
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01038936
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 SUBMITTED TO BOARD TO REVIEW 990 PRIOR TO ELECTRONIC SUBMISSION TO THE INTERNAL REVENUE SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION 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/ExplanationTxt2990 IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT LABOR 148,211 0 0 DEVELOPMENT COSTS 17,863 0 13,818 TOTAL 166,074 0 13,818
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0853806
IRS990/TotalAssetsEOYAmt0603999
IRS990/TotalAssetsGrp/BOYAmt0853806
IRS990/TotalAssetsGrp/EOYAmt0603999
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0600468
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt074398
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097119
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0867419
IRS990/TotalFunctionalExpensesGrp/TotalAmt01038936
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173614
IRS990/TotalLiabilitiesEOYAmt0170211
IRS990/TotalLiabilitiesGrp/BOYAmt0173614
IRS990/TotalLiabilitiesGrp/EOYAmt0170211
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0680192
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0433788
IRS990/TotalProgramServiceExpensesAmt0867419
IRS990/TotalProgramServiceRevenueAmt0189360
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0792532
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0853806
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0603999
IRS990/TravelGrp/ManagementAndGeneralAmt010855
IRS990/TravelGrp/TotalAmt010855
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0148106
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0155338
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 903
IRS990/USAddress/CityNm0CHATTANOOGA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037401
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0LAUNCHCHATTANOOGA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAL BOWLING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04237858235
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0462203112
ReturnHeader/Filer/PhoneNum04237858235
ReturnHeader/Filer/USAddress/AddressLine1Txt0302 W 6TH STREET
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037402
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/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELLANEE WALLS
ReturnHeader/ReturnTs02022-11-15T16:37:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HAROLD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOWLING
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$603,999
Liabilities
$170,211
Net assets
$433,788
Revenue
$792,532
Expenses
$1,038,936
Net income
-$246,404
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
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.17$0.43$0.79$1.04$0.25
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