Civic Intelligence

Launch Inc

990 • Fiscal year 2021 • EIN 46-2203112

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

302 W 6th StreetChattanooga, TN 37402

(423) 785-8235

Siviq Scores

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

Liabilities / Assets

78th percentile

0.27x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.22x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

12th percentile

-19%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-13%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$703,571

Down $150,235 (-18%) from 2020

Net Assets

Down

$510,359

Down $169,833 (-25%) from 2020

Liabilities

Up

$193,212

Up $19,598 (+11%) from 2020

Revenue

Down

$876,031

Down $127,630 (-13%) from 2020

Expenses

Up

$1,045,941

Up $140,421 (+16%) from 2020

Net Income

Down

-$169,910

Down $268,051 (-273%) 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: $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$703,571
Liabilities$193,212
Net Assets$510,359

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

2021

Revenue$876,031
Expenses$1,045,941
Net Income-$169,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$876,107
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$118,238▲ $108,506
Pledges and Grants Receivable$183,750$75,000▼ $108,750
Accounts Receivable$8,513$30,363▲ $21,850
Intangible Assets$3,367$5,700▲ $2,333
Total Assets$853,806$703,571▼ $150,235
Other Assets Total$813$4,933▲ $4,120
Liabilities
Unsecured Notes Loans Payable$148,106$149,900▲ $1,794
Accounts Payable and Accrued Expenses$18,070$43,312▲ $25,242
Other Liabilities$7,438--
Total Liabilities$173,614$193,212▲ $19,598
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$412,840$466,181▲ $53,341
Net Assets With Donor Restrictions$267,352$44,178▼ $223,174
Total Net Assets Fund Balance$680,192$510,359▼ $169,833
Total Liabilities and Net Assets / Fund Balance$853,806$703,571▼ $150,235

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$86,276$22,807$109,083
Buildings$31,962-$31,962
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$763,001
Program Service Revenue
$110,326
Investment Income
$2,704
Other Revenue
$0
All Other Contributions
$664,919
Change in Net Assets
$-169,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$876,031
Total Revenue per Audited Statements
$876,031
Total Revenue per Form 990
$876,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$618,613
Salaries, Compensation, and Employee Benefits$427,328
Total Fundraising Expense$136,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,431$39,839$89,364$372,634
Fees for Services Other$129,411$15,100$18,018$162,529
Occupancy$95,903$13,174-$109,077
Fees for Services Accounting$5,900$26,624-$32,524
Office Expenses$9,945$14,953$5,784$30,682
Payroll Taxes$18,744$3,097$6,803$28,644
Other Employee Benefits$19,746$2,553$3,751$26,050
All Other Expenses$3,167$12,518$5,397$21,082
Other Expenses$17,452$1,689$39$19,180
Advertising$8,601$2,855$4,904$16,360
Travel$2,934$6,980$940$10,854
Insurance-$9,067-$9,067
Depreciation Depletion$3,671$3,165-$6,836
Interest-$5,844-$5,844
Total Functional Expenses$715,266$194,618$136,057$1,045,941

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,045,941
Total Expenses per Audited Statements$1,045,941
Total Expenses per Form 990$1,045,941
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, Page 1, Item B

Original return was filed prior to completion of financial statement audit.

Form 990, Part IX, Line 11G

Contract labor 129,411 15,100 4,200 development costs 0 0 13,818 total 129,411 15,100 18,018

Form 990, Part XI, Line 9

Book/tax difference in asset disposal 77

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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. IN 2020, THE KITCHEN INCUBATOR PROGRAM PROVIDED SHARED KITCHEN SPACE TO FURTHER FOOD ENTREPRENEURS IN THEIR BUSINESS. THROUGH THIS INITIATIVE, 75,000 MEALS WERE DELIVERED TO SENIORS BY ENTREPRENEURS WHO LOST SIGNIFICANT REVENUE DURING THE PANDEMIC.
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IRS990/PayrollTaxesGrp/FundraisingAmt06803
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03097
IRS990/PayrollTaxesGrp/ProgramServicesAmt018744
IRS990/PayrollTaxesGrp/TotalAmt028644
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0183750
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt075000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0HAL BOWLING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0110326
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IRS990/PYContributionsGrantsAmt0857663
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01425
IRS990/PYOtherExpensesAmt0466985
IRS990/PYOtherRevenueAmt024000
IRS990/PYProgramServiceRevenueAmt0120573
IRS990/PYRevenuesLessExpensesAmt098141
IRS990/PYSalariesCompEmpBnftPaidAmt0438535
IRS990/PYTotalExpensesAmt0905520
IRS990/PYTotalRevenueAmt01003661
IRS990/ReconcilationRevenueExpnssAmt0-169910
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0857663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0782440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0397817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0534857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03335778
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0601533
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69640
IRS990ScheduleA/PublicSupportPY170Pct00.56430
IRS990ScheduleA/PublicSupportTotal170Amt02323140
IRS990ScheduleA/SubstantialContributorsTotAmt01012638
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0763001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0857663
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0397817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0534857
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03335778
IRS990ScheduleA/TotalSupportAmt03335778
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt031962
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031962
IRS990ScheduleD/EquipmentGrp/BookValueAmt086276
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022807
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0109083
IRS990ScheduleD/ExpensesSubtotalAmt01045941
IRS990ScheduleD/RevenueSubtotalAmt0876031
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0118238
IRS990ScheduleD/TotalExpensesPerForm990Amt01045941
IRS990ScheduleD/TotalRevenuePerForm990Amt0876031
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0876031
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01045941
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORIGINAL RETURN WAS FILED PRIOR TO COMPLETION OF FINANCIAL STATEMENT AUDIT.
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 129,411 15,100 4,200 DEVELOPMENT COSTS 0 0 13,818 TOTAL 129,411 15,100 18,018
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK/TAX DIFFERENCE IN ASSET DISPOSAL 77
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0763001
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0136057
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0194618
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0715266
IRS990/TotalFunctionalExpensesGrp/TotalAmt01045941
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173614
IRS990/TotalLiabilitiesEOYAmt0193212
IRS990/TotalLiabilitiesGrp/BOYAmt0173614
IRS990/TotalLiabilitiesGrp/EOYAmt0193212
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0680192
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0510359
IRS990/TotalProgramServiceExpensesAmt0715266
IRS990/TotalProgramServiceRevenueAmt0110326
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113030
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0876031
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0853806
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0703571
IRS990/TravelGrp/FundraisingAmt0940
IRS990/TravelGrp/ManagementAndGeneralAmt06980
IRS990/TravelGrp/ProgramServicesAmt02934
IRS990/TravelGrp/TotalAmt010854
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0148106
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0149900
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/BuildTS02023-04-26 12:10:37Z
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

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