Civic Intelligence

Lab Launch Inc.

EIN 47-1621472 • 501(c)3 • Monrovia, CA

Pub. 78 Eligible990-N Coverage

Profile

The mission of the organization is to enable los angeles' scientists and entrepreneurs to develop their ideas in affordable, high-quality lab facilities, with access to services and a supportive innovation community to accelerate their success.

605 E Huntington Dr 103Monrovia, CA 91016

www.lablaunch.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

6.61x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.34x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-80%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

271%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$7,331

Down $29,118 (-80%) from 2021

Liabilities

Down

$48,483

Down $52,764 (-52%) from 2021

Net Assets

Up

-$41,152

Up $23,646 (+36%) from 2021

Operations
Liabilities / Revenue96th percentileNet Margin93rd percentile

Revenue

Up

$36,193

Up $26,430 (+271%) from 2021

Expenses

Down

$12,547

Down $26,340 (-68%) from 2021

Net Income

Up

$23,646

Up $52,770 (+181%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50K-$100KAssets 2015: $38,826Liabilities 2015: $49,146Net Assets 2015: -$10,3202015Assets 2016: $34,421Liabilities 2016: $62,772Net Assets 2016: -$28,3512016Assets 2017: $49,946Liabilities 2017: $90,540Net Assets 2017: -$40,5942017Assets 2018: $88,393Liabilities 2018: $106,824Net Assets 2018: -$18,4312018Assets 2019: $76,256Liabilities 2019: $119,630Net Assets 2019: -$43,3742019Assets 2020: $67,985Liabilities 2020: $103,659Net Assets 2020: -$35,6742020Assets 2021: $36,449Liabilities 2021: $101,247Net Assets 2021: -$64,7982021Assets 2022: $7,331Liabilities 2022: $48,483Net Assets 2022: -$41,1522022

Highlighted filing

2022

Assets$7,331
Liabilities$48,483
Net Assets-$41,152
Open 2022 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $78,161Expenses 2015: $88,481Net Income 2015: -$10,3202015Revenue 2016: $195,261Expenses 2016: $213,292Net Income 2016: -$18,0312016Revenue 2017: $308,542Expenses 2017: $319,460Net Income 2017: -$10,9182017Revenue 2018: $408,463Expenses 2018: $386,300Net Income 2018: $22,1632018Revenue 2019: $449,345Expenses 2019: $464,288Net Income 2019: -$14,9432019Revenue 2020: $360,976Expenses 2020: $353,276Net Income 2020: $7,7002020Revenue 2021: $9,763Expenses 2021: $38,887Net Income 2021: -$29,1242021Revenue 2022: $36,193Expenses 2022: $12,547Net Income 2022: $23,6462022

Highlighted filing

2022

Revenue$36,193
Expenses$12,547
Net Income$23,646
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,331
Liabilities
$48,483
Net assets
-$41,152
Revenue
$36,193
Expenses
$12,547
Net income
$23,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.07$0.48$0.41$0.36$0.13$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.36$1.01$0.65$0.10$0.39$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.68$1.04$0.36$3.61$3.53$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.76$1.20$0.43$4.49$4.64$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.88$1.07$0.18$4.08$3.86$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.91$0.41$3.09$3.19$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.63$0.28$1.95$2.13$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.49$0.10$0.78$0.88$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 20, 2023
Return Version
2022v5.0
Gross Receipts
$58,545
Mission and Program Overview

Mission

The mission of the organization is to enable los angeles' scientists and entrepreneurs to develop their ideas in affordable, high-quality lab facilities, with access to services and a supportive innovation community to accelerate their success.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION PROVIDES AFFORDABLE CO-WORKING RESEARCH LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY COMPANIES. ADDITIONAL SERVICES PROVIDED CAN INCLUDE BUSINESS ADMINISTRATION AND CONSULTING SERVICES.-$4,238
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARYE LIPMANDirector-$0--
STEVE CASPERDirector-$0--
SARA HAMMESDirector-$0--
MARIE RIPPENCEOFT$0--
Filing and Contact Details

Filer

Filer Name
Lab Launch Inc
EIN
47-1621472
Phone
6264082203
Address
605 E HUNTINGTON DR 103, MONROVIA, CA 91016

Signing Officer

Name
Marie Rippen
Title
CEO
Signed
2023-10-20
Discuss with paid preparer
Yes

Preparer

Firm
Kevin Wong CPA
Address
301 E foothill blvd ste 202, arcadia, CA 91006
Preparer
Kevin Wong
Phone
6262474339
Supplemental Narrative

Additional Explanations

Other Revenue.1

“OTHER REVENUE $27”

Other Expenses.1001

“Advertising and Promotion $400”

Other Expenses.1008

“Interest $913”

Other Expenses.1009

“Depreciation $4097”

Other Expenses.1

“LAB SUPPLIES $1027”

Other Expenses.2

“TAXES AND LICENSES $708”

Other Expenses.3

“Dues and subscriptions $274”

Other Expenses.4

“BANK SERVICE CHARGE $102”

Other Expenses.10

“Prior yr insurance refund $-934”

Other Assets.1003

“Machinery and Equipment - Beginning $33521 Machinery and Equipment - Ending $7072”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $30460 Unsecured Notes and Loans Payable - Ending $38453”

Total Liabilities.1

“MEMBER DEPOSITS - Beginning $9600 MEMBER DEPOSITS - Ending $9600”

Total Liabilities.2

“CREDIT CARD PAYABLE - Beginning $61187 CREDIT CARD PAYABLE - Ending $430”

Raw XML Appendix205 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/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER REVENUE $27
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