Civic Intelligence

Launch Athletics Inc.

990 • Fiscal year 2016 • EIN 47-3295617

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 09, 2017

Organization ProfileLAUNCHATHLETICS.ORG
PO Box 1399Greenwood, IN 46142

(317) 701-3384

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

38th percentile

-1.1%

Higher net margin than 38% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

$3,300

No earlier filing loaded for comparison.

Net Assets

$3,300

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin38th percentile

Revenue

$137,525

No earlier filing loaded for comparison.

Expenses

$139,061

No earlier filing loaded for comparison.

Net Income

-$1,536

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2016: $3,300Liabilities 2016: $0Net Assets 2016: $3,3002016Assets 2017: $12,203Net Assets 2017: $12,2032017Assets 2018: $47,823Net Assets 2018: $47,8232018Assets 2019: $55,321Net Assets 2019: $55,3212019Assets 2020: $49,247Net Assets 2020: $49,2472020Assets 2021: $38,757Net Assets 2021: $38,7572021Assets 2022: $24,001Net Assets 2022: $24,0012022

Highlighted filing

2016

Assets$3,300
Liabilities$0
Net Assets$3,300
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2016: $137,525Expenses 2016: $139,061Net Income 2016: -$1,5362016Revenue 2017: $144,692Expenses 2017: $135,789Net Income 2017: $8,9032017Revenue 2018: $193,658Expenses 2018: $158,038Net Income 2018: $35,6202018Revenue 2019: $185,213Expenses 2019: $177,715Net Income 2019: $7,4982019Revenue 2020: $172,673Expenses 2020: $178,747Net Income 2020: -$6,0742020Revenue 2021: $9,822Expenses 2021: $20,312Net Income 2021: -$10,4902021Revenue 2022: $10,863Expenses 2022: $25,619Net Income 2022: -$14,7562022

Highlighted filing

2016

Revenue$137,525
Expenses$139,061
Net Income-$1,536
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 9, 2017
Return Version
2015v3.0
Gross Receipts
$207,391
Mission and Program Overview

Mission

Our mission is to use sports as a vehicle to launch young athletes into a productive life full of success and achievement

Use of sports to launch young athletes into a productive life of success and achievement

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,836$3,300▼ $1,536
Total Assets$4,836$3,300▼ $1,536
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$4,836$3,300▼ $1,536
Total Net Assets Fund Balance$4,836$3,300▼ $1,536
Total Liabilities and Net Assets / Fund Balance$4,836$3,300▼ $1,536
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Mason GallmeyerPresident
David CurleeVice President
Bob WrightBoard Member
Charles PhillipsBoard Member
Christina GilleyBoard Member
David ChristySecretary
Renee LegaultTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,405
Program Service Revenue
$107,491
Investment Income
$0
Other Revenue
$15,629
All Other Contributions
$4,318
Change in Net Assets
$-1,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,061
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$15,172--$15,172
Other Expenses$4,866--$4,866
Fees for Services Other$1,230--$1,230
Office Expenses$335$336-$671
All Other Expenses$412--$412
Conferences and Meetings$325--$325
Fees for Services Accounting-$144-$144
Information Technology$58$59-$117
Total Functional Expenses$138,522$539$0$139,061
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,495
Fundraising Direct Expenses$69,866
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gymnastic Meet$95,582$85,495$41,428$44,067
Total Events$95,582$85,495$69,866$15,629
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bob WrightBoard Member of OrganizationBUSINESS TRANSACTION: LAUNCH ATHLETICS PAID WRIGHTS MEET ENTRY FEES OF $11,920 TO FOR LOVE OR MONEY, A SOLE PROPRIETORSHIP OWNED BY BOB WRIGHT.No$11,920
Bob WrightBoard Member of OrganizationBUSINESS TRANSACTION: LAUNCH ATHLETICS REIMBURSED EXPENSES FOR A GYMNASTICS FUNDRAISER TO FOR LOVE OR MONEY TOTALING $30,915, INCLUDING A SINGLE REIMBURSEMENT CHECK OF $10,738.No$10,738
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 11

“The form 990 is prepared by an independent accounting firm. The organization's president reviews the form 990 before it is filed. The form 990 is provided to the full board of directors at the next general meeting after it is filed. The form 990 is also posted on the organization's website.”

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

“Annually each board member and members of any committee with governing board delegated powers is required to sign an affirmation statement of receipt, understanding, and agreement. Any potential conflicts identified are presented to the board of directors for further considerations.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Launch Athletics Inc
EIN
47-3295617
Phone
3177013384
Address
PO BOX 1399, GREENWOOD, IN 46142

Signing Officer

Name
Mason Gallmeyer
Title
President
Phone
3177013384
Signed
2017-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mason Gallmeyer
Formed
2015
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
135

Preparer

Firm
Ensign CPA Group Inc
Address
972 EMERSON PARKWAY-STE F, GREENWOOD, IN 46143-6202
Preparer
Todd Ensign
Phone
3178852620
Raw XML Appendix370 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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt110738
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BUSINESS TRANSACTION: LAUNCH ATHLETICS PAID WRIGHTS MEET ENTRY FEES OF $11,920 TO FOR LOVE OR MONEY, A SOLE PROPRIETORSHIP OWNED BY BOB WRIGHT.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BUSINESS TRANSACTION: LAUNCH ATHLETICS REIMBURSED EXPENSES FOR A GYMNASTICS FUNDRAISER TO FOR LOVE OR MONEY TOTALING $30,915, INCLUDING A SINGLE REIMBURSEMENT CHECK OF $10,738.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE ORGANIZATION'S PRESIDENT REVIEWS THE FORM 990 BEFORE IT IS FILED. THE FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS AT THE NEXT GENERAL MEETING AFTER IT IS FILED. THE FORM 990 IS ALSO POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY EACH BOARD MEMBER AND MEMBERS OF ANY COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS IS REQUIRED TO SIGN AN AFFIRMATION STATEMENT OF RECEIPT, UNDERSTANDING, AND AGREEMENT. ANY POTENTIAL CONFLICTS IDENTIFIED ARE PRESENTED TO THE BOARD OF DIRECTORS FOR FURTHER CONSIDERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04836
IRS990/TotalAssetsEOYAmt03300
IRS990/TotalAssetsGrp/BOYAmt04836
IRS990/TotalAssetsGrp/EOYAmt03300
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014405
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0539
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0138522
IRS990/TotalFunctionalExpensesGrp/TotalAmt0139061
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03300
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0138522
IRS990/TotalProgramServiceRevenueAmt0107491
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015629
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107491
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137525
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0135
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04836
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03300
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt015172
IRS990/TravelGrp/TotalAmt015172
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04836
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03300
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1399
IRS990/USAddress/CityNm0GREENWOOD
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046142
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0LAUNCHATHLETICS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MASON GALLMEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03177013384
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH ATHLETICS INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0473295617
ReturnHeader/Filer/PhoneNum03177013384
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1399
ReturnHeader/Filer/USAddress/CityNm0GREENWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046142
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461541572
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ENSIGN CPA GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0972 EMERSON PARKWAY-STE F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0461436202
ReturnHeader/PreparerPersonGrp/PhoneNum03178852620
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD ENSIGN
ReturnHeader/ReturnTs02017-01-25T09:44:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,300
Liabilities
$0
Net assets
$3,300
Revenue
$137,525
Expenses
$139,061
Net income
-$1,536
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.11$0.26$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.39$0.10$0.20$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.49$0.49$1.73$1.79$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.55$1.85$1.78$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.48$1.94$1.58$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.12$1.45$1.36$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.38$1.39$0.02