Civic Intelligence

Launchlkn Inc.

990EZ • Fiscal year 2021 • EIN 46-4298353

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2022

Organization Profilelaunchlkn.com
PO Box 1856Davidson, NC 28036

(980) 322-2060

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Net Margin

51st percentile

12%

Higher net margin than 51% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Top Officer Pay

86th percentile

$24,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 31.3% of source-year revenue.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Asset Growth

72nd percentile

23%

Faster asset growth than 72% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

7.3%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$50,654

Up $9,410 (+23%) from 2020

Net Assets

$50,654

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin51st percentile

Revenue

Up

$76,676

Up $5,239 (+7.3%) from 2020

Expenses

Down

$67,266

Down $25,249 (-27%) from 2020

Net Income

Up

$9,410

Up $30,488 (+145%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$200K$150K$100K$50K$0Assets 2018: $55,580Liabilities 2018: $02018Assets 2019: $62,322Liabilities 2019: $02019Assets 2020: $41,244Liabilities 2020: $02020Assets 2021: $50,654Liabilities 2021: $0Net Assets 2021: $50,6542021Assets 2022: $52,785Liabilities 2022: $0Net Assets 2022: $52,7852022Assets 2023: $155,196Liabilities 2023: $0Net Assets 2023: $155,1962023

Highlighted filing

2021

Assets$50,654
Liabilities$0
Net Assets$50,654
Open 2021 Filing

Operations Trend

Revenue Growth66th percentile

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

$300K$200K$100K$0-$100KRevenue 2018: $90,356Expenses 2018: $51,045Net Income 2018: $39,3112018Revenue 2019: $76,598Expenses 2019: $69,856Net Income 2019: $6,7422019Revenue 2020: $71,437Expenses 2020: $92,515Net Income 2020: -$21,0782020Revenue 2021: $76,676Expenses 2021: $67,266Net Income 2021: $9,4102021Revenue 2022: $141,167Expenses 2022: $139,036Net Income 2022: $2,1312022Revenue 2023: $266,380Expenses 2023: $166,777Net Income 2023: $99,6032023

Highlighted filing

2021

Revenue$76,676
Expenses$67,266
Net Income$9,410
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 3, 2022
Return Version
2021v4.0
Gross Receipts
$76,676
Mission and Program Overview

Mission

Entrepreneurial catalyst for the Lake Norman, NC area

Program Services

DescriptionGrantsExpenses
Mentor Program administration and growth: our flagship effort and provides the most value to our partners. Full mentor meetings take place once a month. Specific mentor/entrepreneur meetings occur throughout the month. New venture/members are ongoing. The Exec Dir and assistant manage communication/organization.$0$40,360
Partnership maintenance and development: the Executive Director is responsible, in collaboration with the Board, for maintaining our existing partnership relationships as well as developing new relationships.$0$16,816
Infinite possibilities: our semi-monthly educational programming track. There was more of a re-emergence in 2021 for this compared to 2020.$0$10,090
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rhana KurdiExecutive DirectorPT$0$24,000$24,000
Bob GuthBoard ChairmanPT$0--
Mark McDowellBoard Member And FounderPT$0--
Chris BoggianoBoard Member And Founder-$0--
Anjali ShahBoard Member-$0--
Mark MahoneyBoard Member-$0--
Cindy PraegerBoard Member-$0--
Don RaineyBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Launchlkn Inc
EIN
46-4298353
Phone
9803222060
Address
PO Box 1856, Davidson, NC 28036

Signing Officer

Name
Eric Dana
Title
Advisor
Phone
9803222060
Signed
2022-11-03
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Bank charges;276|Event expenses;3211|Other expenses;110^Total;3597^”

Raw XML Appendix258 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Partnership maintenance and development: the Executive Director is responsible, in collaboration with the Board, for maintaining our existing partnership relationships as well as developing new relationships.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
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ReturnHeader/Filer/USAddress/ZIPCd028036
ReturnHeader/ReturnTs02022-11-03T08:39:01-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$50,654
Liabilities
$0
Net assets
$50,654
Revenue
$76,676
Expenses
$67,266
Net income
$9,410
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$2.66$1.67$1.00
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$1.41$1.39$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.77$0.67$0.09
2020Summary only. Only limited summary data is available for this year.$0.41$0.00$0.71$0.93$0.21
2019Summary only. Only limited summary data is available for this year.$0.62$0.00$0.77$0.70$0.07
2018Summary only. Only limited summary data is available for this year.$0.56$0.00$0.90$0.51$0.39