Civic Intelligence

Launch Athletics Inc.

990EZ • Fiscal year 2018 • EIN 47-3295617

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 23, 2018

PO Box 1399Greenwood, IN 46142-6299

(317) 759-4566

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$1,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

96th percentile

292%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$47,823

Up $35,620 (+292%) from 2017

Net Assets

Up

$47,823

Up $35,620 (+292%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$193,658

Up $48,966 (+34%) from 2017

Expenses

Up

$158,038

Up $22,249 (+16%) from 2017

Net Income

Up

$35,620

Up $26,717 (+300%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$47,823
Liabilities-
Net Assets$47,823

Operations Trend

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

2018

Revenue$193,658
Expenses$158,038
Net Income$35,620
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 23, 2018
Return Version
2017v2.3
Gross Receipts
$197,951
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

Program Services

DescriptionGrantsExpenses
PROVIDE YOUNG ATHLETES WITH ACCESS TO COACHES AND INFORMATION, AND AN ATMOSPHERE TO PROMOTE A PRODUCTIVE LIFE OF SUCCESS AND ACHIEVEMENT. SUPPORTED AND ASSISTED YOUTH ATHLETES IN ALL NONCOMPETITIVE AND COMPETITIVE SPORTS THAT THE BOARD OF DIRECTORS VOTED UPON; ALLOW CHILDREN WHO ARE LESS FORTUNATE, TO PARTICIPATE IN A SPORT THAT WILL NOT ONLY RESULT IN GOOD HEALTH AND PROLONG LIFE, BUT TEACH THEM ABOUT THE POSITIVE OUTCOME OF HARD WORK AND DISCIPLINE, AND HELP EMPOWER AND EDUCATE YOUNG GIRLS. WE SUPPORTED ATHLETES IN GYMNASTICS, BUT WITH PLANS TO EXPAND TO MANY SPORTS. A YEAR END BANQUET WAS HELD TO HONOR THOSE ATHLETES THAT EXCELLED DURING THE YEAR AND ENCOURAGE SUPPORT OF ALL ATHLETES.-$149,487
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHAD DUNSCOMBEPresidentPT$1,000-$1,000
ROXANNA STROUDSecretary-$1,000-$1,000
KRISTEN THOMPSONTreasurerPT$1,000-$1,000
SEAN WHITEBoard Member-$1,000-$1,000
NATALIE STEINERTVice Preside-$500-$500
SCOTT LUTTRELLBoard Member-$500-$500
MAGGIE TIDDBoard Member-$500-$500
Filing and Contact Details

Filer

Filer Name
Launch Athletics Inc
EIN
47-3295617
Phone
3177594566
Address
PO BOX 1399, GREENWOOD, IN 46142-6299

Signing Officer

Name
Chad Dunscombe
Title
President
Phone
3177594566
Signed
2018-10-23
Discuss with paid preparer
Yes

Preparer

Firm
Ensign CPA Group Inc
Address
3209 SMITH VALLEY RD 238, GREENWOOD, IN 46143
Preparer
Todd Ensign
Phone
3178326794
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Concession sales concession fee 1,750 expenses office expenses 564 website and internet fees 1,372 travel expenses 5,023 camp entry fees 3,404 congress entry fee-coach trng 1,147 coaches expenses 24,300 meet entry fees 97,025 sports banquet expenses 14,824 membership dues 1,602 total 151,011

Form 990-ez, Part II, Line 24

Receivables due from officers 1,750 0 total 1,750 0

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 28

Provide young athletes with access to coaches and information, and an atmosphere to promote a productive life of success and achievement. Supported and assisted youth athletes in all noncompetitive and competitive sports that the board of directors voted upon; allow children who are less fortunate, to participate in a sport that will not only result in good health and prolong life, but teach them about the positive outcome of hard work and discipline, and help empower and educate young girls. We supported athletes in gymnastics, but with plans to expand to many sports. A year end banquet was held to honor those athletes that excelled during the year and encourage support of all athletes.

Form 990-ez, Part V, Line 35B

Launch athletics conducted a raffle at the annual flom invitational. This gaming activity is not regularly carried on and is conducted by all unpaid volunteers. During the same annual flom invitational, launch athletics operates concession booths. This is also an activity not regularly carried on and is conducted by all unpaid volunteers.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONCESSION SALES CONCESSION FEE 1,750 EXPENSES OFFICE EXPENSES 564 WEBSITE AND INTERNET FEES 1,372 TRAVEL EXPENSES 5,023 CAMP ENTRY FEES 3,404 CONGRESS ENTRY FEE-COACH TRNG 1,147 COACHES EXPENSES 24,300 MEET ENTRY FEES 97,025 SPORTS BANQUET EXPENSES 14,824 MEMBERSHIP DUES 1,602 TOTAL 151,011
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECEIVABLES DUE FROM OFFICERS 1,750 0 TOTAL 1,750 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR MISSION IS TO USE SPORTS AS A VEHICLE TO LAUNCH YOUNG ATHLETES INTO A PRODUCTIVE LIFE FULL OF SUCCESS AND ACHIEVEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDE YOUNG ATHLETES WITH ACCESS TO COACHES AND INFORMATION, AND AN ATMOSPHERE TO PROMOTE A PRODUCTIVE LIFE OF SUCCESS AND ACHIEVEMENT. SUPPORTED AND ASSISTED YOUTH ATHLETES IN ALL NONCOMPETITIVE AND COMPETITIVE SPORTS THAT THE BOARD OF DIRECTORS VOTED UPON; ALLOW CHILDREN WHO ARE LESS FORTUNATE, TO PARTICIPATE IN A SPORT THAT WILL NOT ONLY RESULT IN GOOD HEALTH AND PROLONG LIFE, BUT TEACH THEM ABOUT THE POSITIVE OUTCOME OF HARD WORK AND DISCIPLINE, AND HELP EMPOWER AND EDUCATE YOUNG GIRLS. WE SUPPORTED ATHLETES IN GYMNASTICS, BUT WITH PLANS TO EXPAND TO MANY SPORTS. A YEAR END BANQUET WAS HELD TO HONOR THOSE ATHLETES THAT EXCELLED DURING THE YEAR AND ENCOURAGE SUPPORT OF ALL ATHLETES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LAUNCH ATHLETICS CONDUCTED A RAFFLE AT THE ANNUAL FLOM INVITATIONAL. THIS GAMING ACTIVITY IS NOT REGULARLY CARRIED ON AND IS CONDUCTED BY ALL UNPAID VOLUNTEERS. DURING THE SAME ANNUAL FLOM INVITATIONAL, LAUNCH ATHLETICS OPERATES CONCESSION BOOTHS. THIS IS ALSO AN ACTIVITY NOT REGULARLY CARRIED ON AND IS CONDUCTED BY ALL UNPAID VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART V, LINE 35B
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