Civic Intelligence

Launch Athletics Inc.

990EZ • Fiscal year 2022 • EIN 47-3295617

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 11, 2022

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 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

5th percentile

-136%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-38%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

11%

Faster revenue growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$24,001

Down $14,756 (-38%) from 2021

Net Assets

Down

$24,001

Down $14,756 (-38%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$10,863

Up $1,041 (+11%) from 2021

Expenses

Up

$25,619

Up $5,307 (+26%) from 2021

Net Income

Down

-$14,756

Down $4,266 (-41%) from 2021

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

2022

Assets$24,001
Liabilities-
Net Assets$24,001

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

2022

Revenue$10,863
Expenses$25,619
Net Income-$14,756
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$16,053
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. A YEAR END BANQUET WAS HELD TO HONOR THOSE ATHLETES THAT EXCELLED DURING THE YEAR AND ENCOURAGE SUPPORT OF ALL ATHLETES.$6,750$24,490
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SEAN WHITEPresident-$0--
ROXANNA STROUDVice Preside-$0--
LORI WHITESecretary-$0--
TRACY SMITHTreasurer-$0--
ANGIE GARLANDBoard 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
2022-11-11
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 10

CASH CONTRIBUTION: 6,750

Form 990-ez, Part I, Line 16

Expenses bank charges & fees 300 supplies & miscellaneous 89 website and internet fees 430 software 965 gym equipment / supplies 213 meet entry fees 4,229 sports banquet expenses 11,863 total 18,089

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. 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/ExplanationTxt0CASH CONTRIBUTION: 6,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES BANK CHARGES & FEES 300 SUPPLIES & MISCELLANEOUS 89 WEBSITE AND INTERNET FEES 430 SOFTWARE 965 GYM EQUIPMENT / SUPPLIES 213 MEET ENTRY FEES 4,229 SPORTS BANQUET EXPENSES 11,863 TOTAL 18,089
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. 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 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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