Civic Intelligence

The Launchcode Foundation

990 • Fiscal year 2024 • EIN 47-1718432

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 08, 2025

4811 Delmar BlvdSaint Louis, MO 63108

(314) 254-0107

Siviq Scores

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

Liabilities / Assets

61st percentile

0.27x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.35x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

13th percentile

-17%

Higher net margin than 13% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$214,871

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-10%

Faster revenue growth than 19% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$17,043,325

Down $2,371,543 (-12%) from 2023

Net Assets

Down

$12,430,649

Down $2,131,694 (-15%) from 2023

Liabilities

Down

$4,612,676

Down $239,849 (-4.9%) from 2023

Revenue

Down

$13,004,552

Down $1,485,886 (-10%) from 2023

Expenses

Down

$15,250,237

Down $1,736,539 (-10%) from 2023

Net Income

Up

-$2,245,685

Up $250,653 (+10%) from 2023

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $144,193Liabilities 2014: $19,503Net Assets 2014: $124,6902014Assets 2015: $1,825,100Liabilities 2015: $199,159Net Assets 2015: $1,625,9412015Assets 2016: $1,647,249Liabilities 2016: $187,698Net Assets 2016: $1,459,5512016Assets 2017: $2,871,338Liabilities 2017: $246,083Net Assets 2017: $2,625,2552017Assets 2018: $5,140,840Liabilities 2018: $310,573Net Assets 2018: $4,830,2672018Assets 2019: $8,231,731Liabilities 2019: $1,002,006Net Assets 2019: $7,229,7252019Assets 2020: $15,462,417Liabilities 2020: $3,633,669Net Assets 2020: $11,828,7482020Assets 2021: $16,718,030Liabilities 2021: $666,223Net Assets 2021: $16,051,8072021Assets 2022: $21,183,312Liabilities 2022: $4,268,644Net Assets 2022: $16,914,6682022Assets 2023: $19,414,868Liabilities 2023: $4,852,525Net Assets 2023: $14,562,3432023Assets 2024: $17,043,325Liabilities 2024: $4,612,676Net Assets 2024: $12,430,6492024

Highlighted filing

2024

Assets$17,043,325
Liabilities$4,612,676
Net Assets$12,430,649

Operations Trend

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

$20M$10M$0-$10MRevenue 2014: $241,442Expenses 2014: $116,752Net Income 2014: $124,6902014Revenue 2015: $3,697,507Expenses 2015: $2,210,257Net Income 2015: $1,487,2502015Revenue 2016: $4,142,620Expenses 2016: $4,309,010Net Income 2016: -$166,3902016Revenue 2017: $6,766,235Expenses 2017: $5,581,284Net Income 2017: $1,184,9512017Revenue 2018: $10,884,872Expenses 2018: $8,679,860Net Income 2018: $2,205,0122018Revenue 2019: $15,054,549Expenses 2019: $12,655,091Net Income 2019: $2,399,4582019Revenue 2020: $17,415,246Expenses 2020: $12,816,223Net Income 2020: $4,599,0232020Revenue 2021: $16,796,933Expenses 2021: $12,573,874Net Income 2021: $4,223,0592021Revenue 2022: $18,627,077Expenses 2022: $17,703,986Net Income 2022: $923,0912022Revenue 2023: $14,490,438Expenses 2023: $16,986,776Net Income 2023: -$2,496,3382023Revenue 2024: $13,004,552Expenses 2024: $15,250,237Net Income 2024: -$2,245,6852024

Highlighted filing

2024

Revenue$13,004,552
Expenses$15,250,237
Net Income-$2,245,685
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 8, 2025
Return Version
2024v5.2
Gross Receipts
$13,068,172
Mission and Program Overview

Mission

Launchcode is a nonprofit organization dedicated to creating economic opportunity for aspiring developers through job placement and training in technology.

To build a skilled workforce by creating pathways for driven people seeking careers in technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,359,943$5,701,157▲ $341,214
Other Notes and Loans Receivable, Net$2,876,800$2,876,800→ $0
Accounts Receivable$2,100,908$2,179,074▲ $78,166
Savings and Temporary Cash Investments$4,341,458$1,473,709▼ $2,867,749
Cash and Non-Interest-Bearing Accounts$284,500$806,976▲ $522,476
Land, Buildings, and Equipment, Net$271,966$225,016▼ $46,950
Pledges and Grants Receivable$571,268$224,779▼ $346,489
Prepaid Expenses and Deferred Charges$75,276$76,992▲ $1,716
Inventories for Sale or Use$307--
Total Assets$19,414,868$17,043,325▼ $2,371,543
Other Assets Total$3,532,442$3,478,822▼ $53,620
Liabilities
Other Liabilities$4,227,774$3,755,640▼ $472,134
Accounts Payable and Accrued Expenses$624,751$850,236▲ $225,485
Deferred Revenue-$6,800-
Total Liabilities$4,852,525$4,612,676▼ $239,849
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,190,012$12,214,569▼ $1,975,443
Net Assets With Donor Restrictions$372,331$216,080▼ $156,251
Total Net Assets Fund Balance$14,562,343$12,430,649▼ $2,131,694
Total Liabilities and Net Assets / Fund Balance$19,414,868$17,043,325▼ $2,371,543

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$225,016$141,381$366,397
Leasehold Improvements$0$37,035$37,035
Other Assets Org$50,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julian NicksExecutive Director (thru 09/24)FT$141,824$73,047$214,871
Lin WangChief of Staff, Interim CEOFT$123,000$27,268$150,268
Keith SlaterHead of TechnologyFT$118,843$27,067$145,910
Ethan LeighCFO/COOFT$121,821$23,255$145,076
Mike NorthropSenior Business Dev. Rep.FT$119,821$15,585$135,406
Kellye CrockettVP of Recruitment & Strat. ImpactFT$114,114$18,463$132,577
Leah FreemanVP of MarketingFT$107,467$14,844$122,311
Carly ClarkHead of People OperationsFT$112,112$2,284$114,396
Gabe LozanoExecutive Director (beg. 10/24)FT$79,166$1,399$80,565

Board Members and Trustees

NameTitle
James MckelveyPresident
Everett JohnsonDirector
Jaimee RoblesDirector
Jake RenfroDirector
Joe CaliaDirector
Mark BrooksDirector
Michael GallagherDirector
Pete KunzDirector
Alison FerringDirector (thru 05/24)
Dan GillianDirector (thru 08/24)
Sarah MayerDirector (thru 09/24)
Timothy McfaddenSecretary
Cyeria JacksonTreasurer (thru 10/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Three Ventures Technology INCConsultants950 RESERVE DR SUITE 130, Roseville, CA 95678$117,573
Revenue and Support

Revenue Composition

Contributions and Grants
$2,161,420
Program Service Revenue
$10,489,791
Investment Income
$380,302
Other Revenue
$-26,961
All Other Contributions
$1,218,621
Change in Net Assets
$-2,245,685

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$218,000Comparable Sales
Total Noncash Contributions1$218,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,007,784
Other Expenses$2,242,453
Total Fundraising Expense$358,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,094,364$719,357$220,653$10,034,374
Other Employee Benefits$1,103,146$107,705$24,588$1,235,439
Payroll Taxes$738,714$86,506$17,460$842,680
Current Officers, Directors, Trustees, and Key Employees$83,520$506,479$781$590,780
Fees for Services Other$381,123$177,565$20,315$579,003
Office Expenses$230,233$97,292$889$328,414
Pension Plan Contributions$282,520$15,676$6,315$304,511
Information Technology$196,968$50,531$4,218$251,717
Depreciation Depletion$133,410$3,984$10,571$147,965
Insurance$114,697$6,365$1,733$122,795
Advertising$109,466$235$49$109,750
Fees for Services Accounting$1,663$105,614$26$107,303
Interest$60,182$18,078$4,769$83,029
Occupancy$56,186$8,215$2,453$66,854
Fees for Services Legal-$48,033-$48,033
Travel$36,988$8,854$1,128$46,970
Fees for Services Lobbying--$40,000$40,000
Conferences and Meetings$12,581$6,921$618$20,120
Fees for Service Investment Mgmnt Fees-$13,528-$13,528
Other Expenses$2,036$179$2,213$2,215
Total Functional Expenses$12,910,341$1,981,117$358,779$15,250,237
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$63,620
Fundraising Gross Income$33,859
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Stellar Soiree$166,706$33,859$36,192$-2,333
Total Events$166,706$33,859$63,620$-29,761
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$3,587,783
Due to Fiscal Agent$167,857
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The form 990 is prepared by the outside accountant based upon the audited financial statements. A draft of the form 990 is provided to management for review. Changes, if any, are made and a copy of the return is distributed to the board members for their review before filing with the irs.

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

Each director is required to annually review the policy and report any conflicts of interest to the full board and management.

Form 990, Part VI, Section B, Line 15A

The organization had board members, independent with respect to compensation issues, use comparability data from similarly qualified persons in functionally comparable positions at similarly situated organizations to determine and contemporaneously document / record those decisions and deliberations regarding the compensation arrangement. This process was last conducted in the current tax year.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Launchcode Foundation
EIN
47-1718432
Phone
3142540107
Address
4811 DELMAR BLVD, SAINT LOUIS, MO 63108

Signing Officer

Name
Ethan Leigh
Title
CFO
Phone
3142540107
Signed
2025-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Mckelvey
Formed
2014
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
335
Volunteers
150

Preparer

Firm
Armanino Advisory LLC
Address
6 CITYPLACE DRIVE SUITE 900, ST LOUIS, MO 63141
Preparer
Jennifer M Vacha
Phone
3149831200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Bad debt from uncollectible pledges -29,782.

Financial Statement Notes

PART X, LINE 2:

The launchcode foundation constitutes a qualified not-for-profit organization under section 501(c)(3) of the internal revenue code and is, therefore, exempt from federal income taxes. In accordance with accounting principles generally accepted in the united states of america, launchcode uses a loss contingency approach for evaluating uncertain tax positions. Management continually evaluates expiring statute of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. Launchcode has evaluated its tax positions, expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings and believes that no provision for income taxes is necessary, at this time, to cover any uncertain tax positions.

Raw XML AppendixShowing 400 of 721 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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IRS990/Desc0LAUNCHCODE INCREASES ECONOMIC OPPORTUNITY AND UPWARD MOBILITY BY PLACING DRIVEN INDIVIDUALS INTO TECHNOLOGY APPRENTICESHIPS AND JOBS BASED ON APTITUDE, PROFESSIONALISM, AND SKILLS. IN 2024, WE WORKED WITH 72 CLIENT PARTNERS TO HELP OUR CANDIDATES OVERCOME TRADITIONAL BARRIERS TO EMPLOYMENT SUCH AS FORMAL DEGREES OR YEARS OF JOB EXPERIENCE, PLACING 180 INDIVIDUALS INTO APPRENTICESHIPS OR PERMANENT JOBS IN TECHNOLOGY. LAUNCHCODE PROVIDED TECH EDUCATION SERVICES TO 575 INDIVIDUALS IN 2024. IN PURSUIT OF THIS GOAL, LAUNCHCODE RECEIVED SUBSTANTIAL IN-KIND SUPPORT (RENT, EVENT PRODUCTS, DIGITAL MARKETING AND SOFTWARE LICENSES FOR CANDIDATES) VALUED AT $415,109.
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IRS990/Form990PartVIISectionAGrp/PersonNm1TIMOTHY MCFADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm2CYERIA JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm4JOE CALIA
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IRS990/Form990PartVIISectionAGrp/PersonNm8EVERETT JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm9PETE KUNZ
IRS990/Form990PartVIISectionAGrp/PersonNm10SARAH MAYER
IRS990/Form990PartVIISectionAGrp/PersonNm11JAKE RENFRO
IRS990/Form990PartVIISectionAGrp/PersonNm12JAIMEE ROBLES
IRS990/Form990PartVIISectionAGrp/PersonNm13JULIAN NICKS
IRS990/Form990PartVIISectionAGrp/PersonNm14LIN WANG
IRS990/Form990PartVIISectionAGrp/PersonNm15ETHAN LEIGH
IRS990/Form990PartVIISectionAGrp/PersonNm16GABE LOZANO
IRS990/Form990PartVIISectionAGrp/PersonNm17MIKE NORTHROP
IRS990/Form990PartVIISectionAGrp/PersonNm18KEITH SLATER
IRS990/Form990PartVIISectionAGrp/PersonNm19KELLYE CROCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm20CARLY CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm21LEAH FREEMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER (THRU 10/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (THRU 05/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (THRU 08/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (THRU 09/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR (THRU 09/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OF STAFF, INTERIM CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR (BEG. 10/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR BUSINESS DEV. REP.
IRS990/Form990PartVIISectionAGrp/TitleTxt18HEAD OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP OF RECRUITMENT & STRAT. IMPACT
IRS990/Form990PartVIISectionAGrp/TitleTxt20HEAD OF PEOPLE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF MARKETING
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IRS990/FundraisingGrossIncomeAmt033859
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IRS990/InformationTechnologyGrp/TotalAmt0251717
IRS990/InsuranceGrp/FundraisingAmt01733
IRS990/InsuranceGrp/ManagementAndGeneralAmt06365
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IRS990/InterestGrp/FundraisingAmt04769
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075276
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076992
IRS990/PrincipalOfficerNm0JAMES MCKELVEY
IRS990/PriorPeriodAdjustmentsAmt049828
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624310
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TRAINING & PLACEMENT F
IRS990/ProgramServiceRevenueGrp/Desc1ASCENDIUM

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