Civic Intelligence

Launch Inc

990 • Fiscal year 2022 • EIN 46-2203112

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

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

83rd percentile

0.46x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.51x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

93rd percentile

87%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

35%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,317,452

Up $613,881 (+87%) from 2021

Net Assets

Up

$710,100

Up $199,741 (+39%) from 2021

Liabilities

Up

$607,352

Up $414,140 (+214%) from 2021

Revenue

Up

$1,180,931

Up $304,900 (+35%) from 2021

Expenses

Down

$981,190

Down $64,751 (-6.2%) from 2021

Net Income

Up

$199,741

Up $369,651 (+218%) from 2021

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

2022

Assets$1,317,452
Liabilities$607,352
Net Assets$710,100

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

2022

Revenue$1,180,931
Expenses$981,190
Net Income$199,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$1,180,931
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$469,337$469,032▼ $305
Pledges and Grants Receivable$75,000$325,000▲ $250,000
Land, Buildings, and Equipment, Net$118,238$305,552▲ $187,314
Accounts Receivable$30,363$12,138▼ $18,225
Intangible Assets$5,700$10,603▲ $4,903
Prepaid Expenses and Deferred Charges$4,120--
Total Assets$703,571$1,317,452▲ $613,881
Other Assets Total$813$195,127▲ $194,314
Liabilities
Unsecured Notes Loans Payable$149,900$508,135▲ $358,235
Accounts Payable and Accrued Expenses$43,312$99,217▲ $55,905
Total Liabilities$193,212$607,352▲ $414,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$466,181$693,115▲ $226,934
Net Assets With Donor Restrictions$44,178$16,985▼ $27,193
Total Net Assets Fund Balance$510,359$710,100▲ $199,741
Total Liabilities and Net Assets / Fund Balance$703,571$1,317,452▲ $613,881

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$203,847$2,131$205,978
Equipment$101,705$44,225$145,930
Other Assets Org$813--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hal BowlingExecutive DiFT$106,527$8,223$114,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,069,051
Program Service Revenue
$110,984
Investment Income
$896
Other Revenue
$0
All Other Contributions
$767,776
Change in Net Assets
$199,741

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,180,931
Total Revenue per Audited Statements
$1,180,931
Total Revenue per Form 990
$1,180,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$563,111
Salaries, Compensation, and Employee Benefits$418,079
Total Fundraising Expense$122,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,282$57,513$82,075$389,870
Fees for Services Other$109,379$33,947$11,140$154,466
Occupancy$127,264$13,498-$140,762
Office Expenses$20,156$14,649$7,798$42,603
Payroll Taxes$18,109$4,161$5,939$28,209
Travel$14,478$8,583$2,730$25,791
Fees for Services Accounting$8,607$15,723-$24,330
Depreciation Depletion$19,511$4,135-$23,646
Advertising$16,032$5,542$833$22,407
All Other Expenses$9,629$7,002$219$16,850
Insurance-$9,842-$9,842
Interest$2,099$5,654-$7,753
Other Expenses$4,579$193$7,416$7,416
Total Functional Expenses$674,978$183,990$122,222$981,190

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$981,190
Total Expenses per Audited Statements$981,190
Total Expenses per Form 990$981,190
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
PO BOX 903, CHATTANOOGA, TN 37401

Signing Officer

Name
Hal Bowling
Title
Executive Director
Phone
4237858235
Signed
2023-11-13
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
7
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 109,379 33,947 11,140

Raw XML Appendix398 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/Desc0WE ACCOMPLISH OUR MISSION BY PROVIDING ONGOING TRAINING AND SUPPORT TO HUNDREDS OF ENTREPRENEURS WHO ARE UNDERREPRESENTED IN OUR CITY, EMPOWERING STUDENTS IN MANY LOCAL HIGH SCHOOLS THROUGH A HANDS-ON ENTREPRENEURSHIP EXPERIENCE AND BY SHARING OUR MODEL WITH DOZENS OF GROUPS IN OTHER U.S. CITIES.
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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.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAL BOWLING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04237858235
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
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ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0462203112
ReturnHeader/Filer/PhoneNum04237858235
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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/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELLANEE WALLS
ReturnHeader/ReturnTs02023-11-15T10:00:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HAROLD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOWLING
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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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