Civic Intelligence

Launch Athletics Inc.

990EZ • Fiscal year 2017 • EIN 47-3295617

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

PO Box 1399Greenwood, IN 46142

(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 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

56th percentile

6.2%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

96th percentile

270%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

5.2%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$12,203

Up $8,903 (+270%) from 2016

Net Assets

Up

$12,203

Up $8,903 (+270%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$144,692

Up $7,167 (+5.2%) from 2016

Expenses

Down

$135,789

Down $3,272 (-2.4%) from 2016

Net Income

Up

$8,903

Up $10,439 (+680%) from 2016

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

2017

Assets$12,203
Liabilities-
Net Assets$12,203

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

2017

Revenue$144,692
Expenses$135,789
Net Income$8,903
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$144,692
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.-$133,258
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MASON GALLMEYERPresidentPT$0--
NATALIE STEINERTVice Preside-$0--
RENEE LEGAULTFormer TreasPT$0--
ALYSSA LOZIERFormer Secre-$0--
BOB WRIGHTBoard Member-$0--
SCOTT LUTTRELLBoard Member-$0--
ROXANNA STROUDSecretary-$0--
KRISTEN THOMPSONTreasurerPT$0--
CHAD DUNSCOMBEBoard Member-$0--
SEAN WHITEBoard Member-$0--
MAGGIE TIDDBoard Member-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Chad Dunscombe
Title
Board Member
Phone
3177594566
Signed
2018-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Ensign CPA Group Inc
Address
3209 SMITH VALLEY RD 238, GREENWOOD, IN 46143-8496
Preparer
Todd Ensign
Phone
3178326794
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expenses 652 website and internet fees 227 travel expenses 7,609 banquet and camp entry fees 1,896 congress entry fee-coach trng 980 board meeting expenses 154 coaches expenses 19,693 meet entry fees 83,430 sports banquet expenses 13,340 miscellaneous expenses 2,542 membership dues 979 total 131,502

Form 990-ez, Part II, Line 24

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

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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECEIVABLES DUE FROM OFFICERS 0 1,750 TOTAL 0 1,750
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/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
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