Civic Intelligence

Launch Athletics Inc.

990EZ • Fiscal year 2019 • EIN 47-3295617

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 10, 2020

PO Box 1399Greenwood, IN 46142-6299

(317) 431-2538

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 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

52nd percentile

4.0%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

-4.4%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$55,321

Up $7,498 (+16%) from 2018

Net Assets

Up

$55,321

Up $7,498 (+16%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$185,213

Down $8,445 (-4.4%) from 2018

Expenses

Up

$177,715

Up $19,677 (+12%) from 2018

Net Income

Down

$7,498

Down $28,122 (-79%) from 2018

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

2019

Assets$55,321
Liabilities-
Net Assets$55,321

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

2019

Revenue$185,213
Expenses$177,715
Net Income$7,498
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 10, 2020
Return Version
2018v3.2
Gross Receipts
$189,980
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.-$171,269
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHAD DUNSCOMBEPresident ToPT$1,000-$1,000
ROXANNA STROUDSecretary-$1,000-$1,000
KRISTEN THOMPSONTreasurer ToPT$1,000-$1,000
SEAN WHITEVice Preside-$1,000-$1,000
ANGIE GARLANDBoard Member-$500-$500
LORI WHITEBoard Member-$500-$500
MAGGIE TIDDBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Launch Athletics Inc
EIN
47-3295617
Phone
3174312538
Address
PO BOX 1399, GREENWOOD, IN 46142-6299

Signing Officer

Name
Tracy Smith
Title
Treasurer
Phone
3174312538
Signed
2020-02-10
Discuss with paid preparer
Yes

Preparer

Firm
Ensign CPA Group
Address
3209 W SMITH VALLEY RD STE 99, GREENWOOD, IN 46142
Preparer
Todd Ensign
Phone
3178326794
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expenses 366 website and internet fees 131 software 1,200 travel expenses 4,113 congress entry fee-coach trng 1,385 coaches expenses 12,205 meet entry fees 109,645 sports banquet expenses 23,856 membership dues 910 total 153,811

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/ExplanationTxt0EXPENSES OFFICE EXPENSES 366 WEBSITE AND INTERNET FEES 131 SOFTWARE 1,200 TRAVEL EXPENSES 4,113 CONGRESS ENTRY FEE-COACH TRNG 1,385 COACHES EXPENSES 12,205 MEET ENTRY FEES 109,645 SPORTS BANQUET EXPENSES 23,856 MEMBERSHIP DUES 910 TOTAL 153,811
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR MISSION IS TO USE SPORTS AS A VEHICLE TO LAUNCH YOUNG ATHLETES INTO A PRODUCTIVE LIFE FULL OF SUCCESS AND ACHIEVEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROVIDE 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/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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