Civic Intelligence

Launch High School

990 • Fiscal year 2020 • EIN 46-2658524

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 20, 2020

Organization Profilewww.launchhigh.org
3115 Larkspur DriveColorado Springs, CO 80907

(719) 203-6128

Siviq Scores

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

Liabilities / Assets

100th percentile

6.18x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

2.39x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-22%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

1st percentile

-60%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-31%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$468,734

Down $694,796 (-60%) from 2019

Net Assets

Down

-$2,426,937

Down $263,346 (-12%) from 2019

Liabilities

Down

$2,895,671

Down $431,450 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin15th percentile

Revenue

Down

$1,209,752

Down $540,660 (-31%) from 2019

Expenses

Down

$1,473,098

Down $501,064 (-25%) from 2019

Net Income

Down

-$263,346

Down $39,596 (-18%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2014: $33,038Liabilities 2014: $15,874Net Assets 2014: $17,1642014Assets 2015: $13,812Liabilities 2015: $2,613Net Assets 2015: $11,1992015Assets 2016: $203,124Liabilities 2016: $31,803Net Assets 2016: $171,3212016Assets 2017: $1,319,643Liabilities 2017: $1,525,033Net Assets 2017: -$205,3902017Assets 2018: $2,038,078Liabilities 2018: $3,977,919Net Assets 2018: -$1,939,8412018Assets 2019: $1,163,530Liabilities 2019: $3,327,121Net Assets 2019: -$2,163,5912019Assets 2020: $468,734Liabilities 2020: $2,895,671Net Assets 2020: -$2,426,9372020Assets 2021: $435,094Liabilities 2021: $2,557,307Net Assets 2021: -$2,122,2132021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$468,734
Liabilities$2,895,671
Net Assets-$2,426,937
Open 2020 Filing

Operations Trend

Revenue Growth15th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2014: $84,340Expenses 2014: $67,176Net Income 2014: $17,1642014Revenue 2015: $65,975Expenses 2015: $71,940Net Income 2015: -$5,9652015Revenue 2016: $459,134Expenses 2016: $299,012Net Income 2016: $160,1222016Revenue 2017: $1,279,500Expenses 2017: $1,656,211Net Income 2017: -$376,7112017Revenue 2018: $1,260,461Expenses 2018: $2,473,620Net Income 2018: -$1,213,1592018Revenue 2019: $1,750,412Expenses 2019: $1,974,162Net Income 2019: -$223,7502019Revenue 2020: $1,209,752Expenses 2020: $1,473,098Net Income 2020: -$263,3462020Revenue 2021: $1,099,102Expenses 2021: $794,378Net Income 2021: $304,7242021Revenue 2022: $2,237,946Expenses 2022: $115,733Net Income 2022: $2,122,2132022

Highlighted filing

2020

Revenue$1,209,752
Expenses$1,473,098
Net Income-$263,346
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 20, 2020
Return Version
2019v5.1
Gross Receipts
$1,209,752
Mission and Program Overview

Mission

Empowering graduates with academic and entrepreneurial knowledge as well as skills and resources, so they can create and capitalize on opportunities in pursuit of their passions towards social and economic prosperity.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$198,538$201,905▲ $3,367
Prepaid Expenses and Deferred Charges$21,005$0▼ $21,005
Accounts Receivable$18,584$18,173▼ $411
Land, Buildings, and Equipment, Net$4,863$3,537▼ $1,326
Total Assets$1,163,530$468,734▼ $694,796
Other Assets Total$920,540$245,119▼ $675,421
Liabilities
Other Liabilities$3,286,396$2,845,053▼ $441,343
Grants Payable-$28,118-
Accounts Payable and Accrued Expenses$40,725$22,500▼ $18,225
Total Liabilities$3,327,121$2,895,671▼ $431,450
Net Assets / Fund Balance
Net Assets With Donor Restrictions$30,863$29,537▼ $1,326
Net Assets Without Donor Restrictions$-2,194,454$-2,456,474▼ $262,020
Total Net Assets Fund Balance$-2,163,591$-2,426,937▼ $263,346
Total Liabilities and Net Assets / Fund Balance$1,163,530$468,734▼ $694,796

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,537$3,094$6,631
Other Assets Org$245,119--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather FubelliPrincipal-$78,383$15,895$94,278
Patrick CushHead of SchoolFT$68,864$7,504$76,368

Board Members and Trustees

NameTitle
Patrick FinneganPresident
Bobby GagnonMember
Adam FisherSecretary
David CushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$551,051
Program Service Revenue
$652,175
Investment Income
$0
Other Revenue
$6,526
All Other Contributions
$501,103
Change in Net Assets
$-263,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,209,752
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,209,752
Total Revenue per Form 990
$1,209,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$851,082
Other Expenses$622,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$441,217$7,452-$448,669
Occupancy$182,247$32,161-$214,408
Current Officers, Directors, Trustees, and Key Employees$118,337$54,721-$173,058
Pension Plan Contributions$127,723$42,834-$170,557
Information Technology$49,923$8,810-$58,733
Other Employee Benefits$45,330$5,037-$50,367
Fees for Services Accounting-$45,950-$45,950
Advertising$28,345$5,002-$33,347
Other Expenses$18,990$3,351-$22,341
Fees for Services Other-$19,988-$19,988
Insurance$11,564$2,041-$13,605
Payroll Taxes$4,275$4,156-$8,431
Fees for Services Legal-$6,204-$6,204
Travel$3,549$626-$4,175
Office Expenses$2,219$392-$2,611
All Other Expenses$1,612--$1,612
Depreciation Depletion$1,127$199-$1,326
Total Functional Expenses$1,224,438$248,660$0$1,473,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,473,098
Total Expenses per Audited Statements$1,473,098
Total Expenses per Form 990$1,473,098
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$1,608,079
Deferred Inflows$996,075
Due in more than one year$161,800
Net OPEB Liabilities$79,099
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Copies of the Form 990 are provided to board members for approval before filing.”

Form 990, Part VI, Section B, line 12C

“Periodic reviews are conducted to verify that any compensation arrangements are reasonable and that partnerships, joint ventures, and other arrangements, conform to school policies.”

Form 990, Part VI, Section C, line 19

“Financial information for of the organization can be obtained by contacting the school.”

Filing and Contact Details

Filer

Filer Name
Launch High School
EIN
46-2658524
Phone
7192036128
Address
3115 Larkspur Drive, Colorado Springs, CO 80907

Signing Officer

Name
Patrick Cush
Title
Head of School
Phone
7192036128
Signed
2020-10-20
Discuss with paid preparer
No

Organization Details

Principal Officer
Patrick Cush
Formed
2013
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
4
Employees
19
Volunteers
4

Preparer

Firm
Hoelting & Company Inc
Address
31 E Platte Ave Ste 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1:

“Empowers graduates with academic and entrepreneurial knowledge as well as skills and resources, so they can create and capitalize on opportunities in pursuit of their passions towards social and economic prosperity.”

Form 990, Part XII, Line 2C:

“The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt03537
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03094
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06631
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01473098
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0245119
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0996075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11608079
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt279099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3161800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Due in more than one year
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01209752
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03537
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0245119
IRS990ScheduleD/TotalExpensesPerForm990Amt01473098
IRS990ScheduleD/TotalLiabilityAmt02845053
IRS990ScheduleD/TotalRevenuePerForm990Amt01209752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01209752
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01473098
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The policy is included on the website enrollment page and on the letter of Intent to Enroll forms.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization received a charter school start up grant administered by the Colorado Department of Revenue.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Empowers graduates with academic and entrepreneurial knowledge as well as skills and resources, so they can create and capitalize on opportunities in pursuit of their passions towards social and economic prosperity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copies of the Form 990 are provided to board members for approval before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Periodic reviews are conducted to verify that any compensation arrangements are reasonable and that partnerships, joint ventures, and other arrangements, conform to school policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Financial information for of the organization can be obtained by contacting the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01163530
IRS990/TotalAssetsEOYAmt0468734
IRS990/TotalAssetsGrp/BOYAmt01163530
IRS990/TotalAssetsGrp/EOYAmt0468734
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0551051
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0248660
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01224438
IRS990/TotalFunctionalExpensesGrp/TotalAmt01473098
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03327121
IRS990/TotalLiabilitiesEOYAmt02895671
IRS990/TotalLiabilitiesGrp/BOYAmt03327121
IRS990/TotalLiabilitiesGrp/EOYAmt02895671
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2163591
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2426937
IRS990/TotalOtherCompensationAmt023399
IRS990/TotalProgramServiceExpensesAmt01224438
IRS990/TotalProgramServiceRevenueAmt0652175
IRS990/TotalReportableCompFromOrgAmt0147247
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0658701
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01209752
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01163530
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0468734
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0626
IRS990/TravelGrp/ProgramServicesAmt03549
IRS990/TravelGrp/TotalAmt04175
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03115 Larkspur Drive
IRS990/USAddress/CityNm0Colorado Springs
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080907
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.launchhigh.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Cush
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Head of School
ReturnHeader/BusinessOfficerGrp/PhoneNum07192036128
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Launch High School

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$468,734
Liabilities
$2,895,671
Net assets
-$2,426,937
Revenue
$1,209,752
Expenses
$1,473,098
Net income
-$263,346
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.24$0.12$2.12
2021Detailed filing. Detailed filing data is available for this year.$0.44$2.56$2.12$1.10$0.79$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.47$2.90$2.43$1.21$1.47$0.26
2019Detailed filing. Detailed filing data is available for this year.$1.16$3.33$2.16$1.75$1.97$0.22
2018Detailed filing. Detailed filing data is available for this year.$2.04$3.98$1.94$1.26$2.47$1.21
2017Detailed filing. Detailed filing data is available for this year.$1.32$1.53$0.21$1.28$1.66$0.38
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.03$0.17$0.46$0.30$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.07$0.07$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.02$0.02$0.08$0.07$0.02