Civic Intelligence

Launch High School

990 • Fiscal year 2021 • EIN 46-2658524

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 20, 2021

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

5.88x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

2.33x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

72nd percentile

28%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$103,488

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

10th percentile

-7.2%

Faster asset growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-9.1%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$435,094

Down $33,640 (-7.2%) from 2020

Net Assets

Up

-$2,122,213

Up $304,724 (+13%) from 2020

Liabilities

Down

$2,557,307

Down $338,364 (-12%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin72nd percentile

Revenue

Down

$1,099,102

Down $110,650 (-9.1%) from 2020

Expenses

Down

$794,378

Down $678,720 (-46%) from 2020

Net Income

Up

$304,724

Up $568,070 (+216%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2021

Assets$435,094
Liabilities$2,557,307
Net Assets-$2,122,213
Open 2021 Filing

Operations Trend

Revenue Growth21st 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

2021

Revenue$1,099,102
Expenses$794,378
Net Income$304,724
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 20, 2021
Return Version
2020v4.1
Gross Receipts
$1,099,102
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$201,905$108,957▼ $92,948
Accounts Receivable$18,173$15,871▼ $2,302
Land, Buildings, and Equipment, Net$3,537$2,211▼ $1,326
Total Assets$468,734$435,094▼ $33,640
Other Assets Total$245,119$308,055▲ $62,936
Liabilities
Other Liabilities$2,845,053$2,544,313▼ $300,740
Grants Payable$28,118$0▼ $28,118
Accounts Payable and Accrued Expenses$22,500$12,994▼ $9,506
Total Liabilities$2,895,671$2,557,307▼ $338,364
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,537$196,845▲ $167,308
Net Assets Without Donor Restrictions$-2,456,474$-2,319,058▲ $137,416
Total Net Assets Fund Balance$-2,426,937$-2,122,213▲ $304,724
Total Liabilities and Net Assets / Fund Balance$468,734$435,094▼ $33,640

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,211$4,420$6,631
Other Assets Org$308,055--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick CushHead of SchoolFT$85,000$18,488$103,488

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$628,793
Program Service Revenue
$464,783
Investment Income
$0
Other Revenue
$5,526
All Other Contributions
$200,743
Change in Net Assets
$304,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,099,102
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,099,102
Total Revenue per Form 990
$1,099,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,456
Salaries, Compensation, and Employee Benefits$386,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$469,478$28,553-$498,031
Occupancy$89,844$15,855-$105,699
Current Officers, Directors, Trustees, and Key Employees$71,889$31,599-$103,488
Other Employee Benefits$53,158$5,906-$59,064
Fees for Services Accounting-$42,190-$42,190
Information Technology$20,516$3,621-$24,137
Fees for Services Other-$22,048-$22,048
All Other Expenses$2,790$9,470-$12,260
Other Expenses$9,592$1,691-$11,283
Insurance$9,032$1,594-$10,626
Payroll Taxes$9,255$1,028-$10,283
Fees for Services Legal-$7,421-$7,421
Advertising$5,316$938-$6,254
Interest-$1,472-$1,472
Depreciation Depletion$1,326--$1,326
Travel$158$28-$186
Office Expenses$28$5-$33
Pension Plan Contributions$-255,550$-28,394-$-283,944
Total Functional Expenses$631,745$162,633$0$794,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$794,378
Total Expenses per Audited Statements$794,378
Total Expenses per Form 990$794,378
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$1,603,897
Deferred Inflows$705,237
Due in more than one year$176,845
Net OPEB Liabilities$58,334
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
2021-10-20
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
14
Volunteers
0

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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt04420
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06631
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0794378
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0308055
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0705237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11603897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt258334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3176845
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/RevenueSubtotalAmt01099102
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02211
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0308055
IRS990ScheduleD/TotalExpensesPerForm990Amt0794378
IRS990ScheduleD/TotalLiabilityAmt02544313
IRS990ScheduleD/TotalRevenuePerForm990Amt01099102
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01099102
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0794378
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/TotalAssetsBOYAmt0468734
IRS990/TotalAssetsEOYAmt0435094
IRS990/TotalAssetsGrp/BOYAmt0468734
IRS990/TotalAssetsGrp/EOYAmt0435094
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0628793
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162633
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0631745
IRS990/TotalFunctionalExpensesGrp/TotalAmt0794378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02895671
IRS990/TotalLiabilitiesEOYAmt02557307
IRS990/TotalLiabilitiesGrp/BOYAmt02895671
IRS990/TotalLiabilitiesGrp/EOYAmt02557307
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2426937
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2122213
IRS990/TotalOtherCompensationAmt018488
IRS990/TotalProgramServiceExpensesAmt0631745
IRS990/TotalProgramServiceRevenueAmt0464783
IRS990/TotalReportableCompFromOrgAmt085000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0470309
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01099102
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0468734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0435094
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt028
IRS990/TravelGrp/ProgramServicesAmt0158
IRS990/TravelGrp/TotalAmt0186
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Cush
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Head of School
ReturnHeader/BusinessOfficerGrp/PhoneNum07192036128
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Launch High School
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0462658524
ReturnHeader/Filer/PhoneNum07192036128

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$435,094
Liabilities
$2,557,307
Net assets
-$2,122,213
Revenue
$1,099,102
Expenses
$794,378
Net income
$304,724
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