Civic Intelligence

The Launch Pad Foundation Inc.

990EZ • Fiscal year 2020 • EIN 46-5308624

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 15, 2023

3229 Benjamin E Mays Dr SWAtlanta, GA 30311

(404) 580-9081

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

33rd percentile

-5.1%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

40th percentile

-0.8%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

-7.3%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$117,198

Down $989 (-0.8%) from 2019

Net Assets

Down

$116,307

Down $1,880 (-1.6%) from 2019

Liabilities

Up

$891

Up $891 from 2019

Revenue

Down

$154,854

Down $12,112 (-7.3%) from 2019

Expenses

Up

$154,443

Up $23,097 (+18%) from 2019

Net Income

Down

$411

Down $35,209 (-99%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $37,222Liabilities 2015: $0Net Assets 2015: $37,2222015Assets 2016: $89,989Liabilities 2016: $0Net Assets 2016: $89,9892016Assets 2017: $85,259Liabilities 2017: $0Net Assets 2017: $85,2592017Assets 2018: $82,567Liabilities 2018: $0Net Assets 2018: $82,5672018Assets 2019: $118,187Liabilities 2019: $0Net Assets 2019: $118,1872019Assets 2020: $117,198Liabilities 2020: $891Net Assets 2020: $116,3072020Assets 2021: $104,636Liabilities 2021: $765Net Assets 2021: $103,8712021Assets 2022: $93,976Liabilities 2022: $1,282Net Assets 2022: $92,6942022Assets 2023: $73,403Liabilities 2023: $787Net Assets 2023: $72,6162023Assets 2024: $77,798Net Assets 2024: $77,7982024

Highlighted filing

2020

Assets$117,198
Liabilities$891
Net Assets$116,307

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $47,914Expenses 2015: $10,692Net Income 2015: $37,2222015Revenue 2016: $58,050Expenses 2016: $5,283Net Income 2016: $52,7672016Revenue 2017: $24,725Expenses 2017: $29,455Net Income 2017: -$4,7302017Revenue 2018: $96,643Expenses 2018: $99,335Net Income 2018: -$2,6922018Revenue 2019: $166,966Expenses 2019: $131,346Net Income 2019: $35,6202019Revenue 2020: $154,854Expenses 2020: $154,443Net Income 2020: $4112020Revenue 2021: $111,988Expenses 2021: $124,424Net Income 2021: -$12,4362021Revenue 2022: $132,369Expenses 2022: $143,548Net Income 2022: -$11,1792022Revenue 2023: $94,854Expenses 2023: $114,932Net Income 2023: -$20,0782023Revenue 2024: $124,264Expenses 2024: $119,082Net Income 2024: $5,1822024

Highlighted filing

2020

Revenue$154,854
Expenses$154,443
Net Income$411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2023
Return Version
2020v4.0
Gross Receipts
$154,854
Mission and Program Overview

Mission

Serving families and individuals in the community through meeting essential daily needs as well as coaching, mentoring and providing temporary housing.

Program Services

DescriptionGrantsExpenses
ALONG WITH THE FLAGSHIP PROGRAM WHICH INCLUDES COACHING, MENTORING, TRANSPORTATION AND HOUSING FOR PROGRAM PARTICIPANTS, THE LAUNCH PAD FOUNDATION ALSO SPONSORED OTHER PROGRAMS. WE READ TOGETHER PROGRAM PROVIDED INCENTIVES TO ENGAGE PARENTS TO READ WITH THEIR CHILDREN AT HOME. MONTHLY COMMUNITY CLEANUPS WERE SPONSORED DURING 2019 FOCUSING ON NEIGHBORHOODS SURROUNDING MLK JR DRIVE. A LUNCHEON WAS HOSTED FOR FIRST RESPONDERS IN THE COMMUNITY TO SHOW APPRECIATION. THE LAUNCH PAD FOUNDATION ALSO SPONSORED THE RACE FOR THE DREAM MARATHON.-$151,625
OTHER-$2,818
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KENNETH D HILLCEO/PresidenPT$0--
ROGER TAYLORCPAPT$0--
STEPHEN WRIGHTCEOPT$0--
KATHY HOODTrusteePT$0--
AL HENRYPastorPT$0--
CLARISSA G HAUGABROOK-HILLSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
The Launch Pad Foundation Inc
EIN
46-5308624
Phone
4045809081
Address
3229 BENJAMIN E MAYS DR SW, ATLANTA, GA 30311

Signing Officer

Name
Kenneth D Hill
Title
CEO/president
Phone
4045809081
Signed
2023-02-15

Preparer

Firm
Credo Cfos & Cpas
Address
3800 MANSELL RD STE 150, ALPHARETTA, GA 30022-8207
Preparer
Doncarlos Bain
Phone
6788028800
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item B

Original return misstated contractor expenses in two ways. Firstly, the contractor expenses were input in the amount of 1099s issued, so smaller contractor expenses were excluded from the return, totaling 7,966. Secondly, one of the issued 1099s included wage expense of 16,294 that were already reported on line 12 of form 990-ez. The net effect of these issues has resulted in an adjustment of line 13 of form 990-ez from 134,952 to 126,624. Additionally, beginning net assets did not match with books. The original balance of 0 on line 24 of form 990-ez part ii has been amended to 67,719 to reflect the beginning balances of the other assets recorded on schedule o of the original return.

Form 990-ez, Part I, Line 8

Vendor services 9,166 other income 1,858 reconciled income 495 total 11,519

Form 990-ez, Part I, Line 16

Expenses 1,970 5,143 45 non-investment depreciation 2,818 total 9,976

Form 990-ez, Part II, Line 24

Harwell unit 8 0 35,500 less accumulated depreciation 0 6,436 harvell unit 14 0 42,000 less accumulated depreciation 0 6,172 total 0 64,892

Form 990-ez, Part II, Line 26

Fed taxes 0 204 ga income tax 0 430 ga unemployment tax 0 257

Form 990-ez, Part III

Serving families and individuals in the community through meeting essential daily needs as well as coaching, mentoring and providing temporary housing.

Form 990-ez, Part III, Line 28

Along with the flagship program which includes coaching, mentoring, transportation and housing for program participants, the launch pad foundation also sponsored other programs. We read together program provided incentives to engage parents to read with their children at home. Monthly community cleanups were sponsored during 2019 focusing on neighborhoods surrounding mlk jr drive. A luncheon was hosted for first responders in the community to show appreciation. The launch pad foundation also sponsored the race for the dream marathon.

Form 990-ez, Part III, Line 31

OTHER

Raw XML Appendix168 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.

Path#Value
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CompensationExplanation/CompensationExplanationGrp/PersonNm2STEPHEN WRIGHT
CompensationExplanation/CompensationExplanationGrp/PersonNm3KATHY HOOD
CompensationExplanation/CompensationExplanationGrp/PersonNm4AL HENRY
CompensationExplanation/CompensationExplanationGrp/PersonNm5CLARISSA G HAUGABROOKHILL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CPA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5SECRETARY
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IRS990EZ/PrimaryExemptPurposeTxt0SERVING FAMILIES AND INDIVIDUALS IN THE COMMUNITY THROUGH MEETING ESSENTIAL DAILY NEEDS AS WELL AS COACHING, MENTORING AND PROVIDING TEMPORARY HOUSING.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ALONG WITH THE FLAGSHIP PROGRAM WHICH INCLUDES COACHING, MENTORING, TRANSPORTATION AND HOUSING FOR PROGRAM PARTICIPANTS, THE LAUNCH PAD FOUNDATION ALSO SPONSORED OTHER PROGRAMS. WE READ TOGETHER PROGRAM PROVIDED INCENTIVES TO ENGAGE PARENTS TO READ WITH THEIR CHILDREN AT HOME. MONTHLY COMMUNITY CLEANUPS WERE SPONSORED DURING 2019 FOCUSING ON NEIGHBORHOODS SURROUNDING MLK JR DRIVE. A LUNCHEON WAS HOSTED FOR FIRST RESPONDERS IN THE COMMUNITY TO SHOW APPRECIATION. THE LAUNCH PAD FOUNDATION ALSO SPONSORED THE RACE FOR THE DREAM MARATHON.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORIGINAL RETURN MISSTATED CONTRACTOR EXPENSES IN TWO WAYS. FIRSTLY, THE CONTRACTOR EXPENSES WERE INPUT IN THE AMOUNT OF 1099S ISSUED, SO SMALLER CONTRACTOR EXPENSES WERE EXCLUDED FROM THE RETURN, TOTALING 7,966. SECONDLY, ONE OF THE ISSUED 1099S INCLUDED WAGE EXPENSE OF 16,294 THAT WERE ALREADY REPORTED ON LINE 12 OF FORM 990-EZ. THE NET EFFECT OF THESE ISSUES HAS RESULTED IN AN ADJUSTMENT OF LINE 13 OF FORM 990-EZ FROM 134,952 TO 126,624. ADDITIONALLY, BEGINNING NET ASSETS DID NOT MATCH WITH BOOKS. THE ORIGINAL BALANCE OF 0 ON LINE 24 OF FORM 990-EZ PART II HAS BEEN AMENDED TO 67,719 TO REFLECT THE BEGINNING BALANCES OF THE OTHER ASSETS RECORDED ON SCHEDULE O OF THE ORIGINAL RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VENDOR SERVICES 9,166 OTHER INCOME 1,858 RECONCILED INCOME 495 TOTAL 11,519
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES 1,970 5,143 45 NON-INVESTMENT DEPRECIATION 2,818 TOTAL 9,976
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HARWELL UNIT 8 0 35,500 LESS ACCUMULATED DEPRECIATION 0 6,436 HARVELL UNIT 14 0 42,000 LESS ACCUMULATED DEPRECIATION 0 6,172 TOTAL 0 64,892
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FED TAXES 0 204 GA INCOME TAX 0 430 GA UNEMPLOYMENT TAX 0 257
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SERVING FAMILIES AND INDIVIDUALS IN THE COMMUNITY THROUGH MEETING ESSENTIAL DAILY NEEDS AS WELL AS COACHING, MENTORING AND PROVIDING TEMPORARY HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALONG WITH THE FLAGSHIP PROGRAM WHICH INCLUDES COACHING, MENTORING, TRANSPORTATION AND HOUSING FOR PROGRAM PARTICIPANTS, THE LAUNCH PAD FOUNDATION ALSO SPONSORED OTHER PROGRAMS. WE READ TOGETHER PROGRAM PROVIDED INCENTIVES TO ENGAGE PARENTS TO READ WITH THEIR CHILDREN AT HOME. MONTHLY COMMUNITY CLEANUPS WERE SPONSORED DURING 2019 FOCUSING ON NEIGHBORHOODS SURROUNDING MLK JR DRIVE. A LUNCHEON WAS HOSTED FOR FIRST RESPONDERS IN THE COMMUNITY TO SHOW APPRECIATION. THE LAUNCH PAD FOUNDATION ALSO SPONSORED THE RACE FOR THE DREAM MARATHON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH D HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04045809081
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LAUNCH PAD FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HILL
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0465308624
ReturnHeader/Filer/PhoneNum04045809081
ReturnHeader/Filer/USAddress/AddressLine1Txt03229 BENJAMIN E MAYS DR SW
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030311
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262140265
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CREDO CFOS & CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03800 MANSELL RD STE 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALPHARETTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0300228207
ReturnHeader/PreparerPersonGrp/PhoneNum06788028800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONCARLOS BAIN
ReturnHeader/ReturnTs02023-05-11T16:40:01-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KENNETH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HILL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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