Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
EIN 47-4851964 • 501(c)3 • San Diego, CA
Profile
To build an ecosystem of innovation for the benefit of human health and well-being by connecting entrepreneurs with knowledge, capital and talent - including each other - not only within geographical regions, but across the national leading life science hubs.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 14.4% of source-year revenue.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Assets
Down$341,828
Down $67,739 (-17%) from 2023
Liabilities
Down$12,677
Down $168,256 (-93%) from 2023
Net Assets
Up$329,151
Up $100,517 (+44%) from 2023
Revenue
Up$833,268
Up $129,654 (+18%) from 2023
Expenses
Up$705,500
Up $41,652 (+6.3%) from 2023
Net Income
Up$127,768
Up $88,002 (+221%) from 2023
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
Launchbio is a nonprofit organization that identifies, counsels, and supports high-growth, high-impact life science and biotechnology companies. Its mission is to build an ecosystem of innovation for the benefit of human health and well-being. We believe that diversity and inclusiveness are essential for us to build and sustain an equitable workplace for all. Launchbio's impact is measured by its success in connecting entrepreneurs with knowledge, capital and talent - including each other - not only within geographic regions, but across the nation's leading life science hubs.
To build an ecosystem of innovation for the benefit of human health and well-being by connecting entrepreneurs with knowledge, capital and talent - including each other - not only within geographical regions, but across the national leading life science hubs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $49,074 | $131,261 | ▲ $82,187 |
| Pledges and Grants Receivable | $143,750 | $57,250 | ▼ $86,500 |
| Land, Buildings, and Equipment, Net | $4,166 | $0 | ▼ $4,166 |
| Prepaid Expenses and Deferred Charges | $406 | $406 | → $0 |
| Total Assets | $197,396 | $188,917 | ▼ $8,479 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $32,288 | $49 | ▼ $32,239 |
| Total Liabilities | $32,288 | $49 | ▼ $32,239 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-61,139 | $112,615 | ▲ $173,754 |
| Net Assets With Donor Restrictions | $226,247 | $76,253 | ▼ $149,994 |
| Total Net Assets Fund Balance | $165,108 | $188,868 | ▲ $23,760 |
| Total Liabilities and Net Assets / Fund Balance | $197,396 | $188,917 | ▼ $8,479 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $0 | $50,000 | $50,000 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Becky Beattie | CEO | FT | $84,000 | $84,000 |
| Name | Title |
|---|---|
| Michael Hostetler | President |
| Anton Xavier | Director |
| Kathleen Gibson | Director |
| Tia Williams | Secretary |
| John Freeman | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $333,653 |
| Salaries, Compensation, and Employee Benefits | $163,843 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $87,548 | $87,546 | - | $175,094 |
| Current Officers, Directors, Trustees, and Key Employees | $42,000 | $42,000 | - | $84,000 |
| Other Salaries and Wages | $33,834 | $33,833 | - | $67,667 |
| Fees for Services Accounting | $21,568 | $21,567 | - | $43,135 |
| Conferences and Meetings | $38,423 | - | - | $38,423 |
| Travel | $11,105 | $11,104 | - | $22,209 |
| Payroll Taxes | $6,088 | $6,088 | - | $12,176 |
| Depreciation Depletion | - | $4,166 | - | $4,166 |
| Insurance | $424 | $3,458 | - | $3,882 |
| Office Expenses | $947 | $2,530 | - | $3,477 |
| Fees for Services Legal | $1,698 | $1,698 | - | $3,396 |
| Information Technology | - | $1,956 | - | $1,956 |
| Other Expenses | $25,000 | $1,000 | - | $1,000 |
| Total Functional Expenses | $268,635 | $228,861 | $0 | $497,496 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Draft of form 990 is provided to the board of directors for review prior to filing.”
“Launchbio's conflict of interest policy is located in the organization's bylaws. The bylaws require regular and consistent disclosure of all potential conflicts in addition to compliance and enforcement of the policy.”
“Compensation for the ceo is determined by the board of directors after review of compensation studies and consultation with an independent compensation consultant.”
“Form 990 returns are made available to the public upon request.”
“Corporate documents are made available to the public upon request.”
“In the first 6 months of 2022 (january june), launchbio produced 4 national webinars on topics ranging from financial strategies to scientific innovation. And 706 bio-innovators registered. We live-streamed 1 let's talk about discussion to elevate the topic of diversity and inclusion in the life sciences. There were 80 registrants for this virtual program. We presented 2 invest in cures disease foundation forums in-person. The first in durham, followed by a second in dallas to coincide with the grand opening of biolabs ntx. Combined, there were 241 registrations with an 87% attendance rate. When it felt safe to do so, we hosted 2 larger than life science events. In san diego 'hypergrowth' featured insight into the area's explosive startup growth and offered the opportunity to dialogue with the city of san diego. In durham, 'closing the deal' broke down every step in the due diligence process. Combined, 171 innovators registered. Our 1 founders circlepeer discussion explored 'mistakes to avoid with vcs'. The topic attracted 52 founders and executives in durham. During the second 6 months of 2022 (july december), launchbio produced 13 total events consisting of 701 virtual attendees and 249 in-person attendees. Topics ranged from hyper-growth in growing regions, to opportunities in the cultured meats sector, funding strategies and private company compensation reports. We held our first larger than life science in new haven ct discussing hiring trends and strategies for companies coming out of the university system. We held our first founders circle n philadelphia and first investor connect event in dallas there are 15,892 bio-innovators on our list. Of our total audience, 35% are entrepreneurs. In addition to email, we have 1,367 twitter followers and 1,924 linkedin followers. Linkedin earned 21,901 impressions with a 4.1% growth rate. Twitter earned 16,444 impressions with a 5.3% growth rate. All of our webinars are recorded, uploaded to vimeo and archived on our website and over the course of 2022 our content has been viewed 814 times. Launchbio is committed to being the industry leader in connecting, educating and supporting life science innovators across the country. Maintaining quality control and brand recognition is a top priority as we differentiate ourselves from competitors and continue to engage our audience and provide meaningful interactions.”
“Payroll processing fees: program service expenses 388. Management and general expenses 387. Fundraising expenses 0. Total expenses 775. Contracted staff: program service expenses 51,915. Management and general expenses 51,915. Fundraising expenses 0. Total expenses 103,830. Contracted marketing & public relations: program service expenses 30,995. Management and general expenses 30,994. Fundraising expenses 0. Total expenses 61,989. Other professional fees: program service expenses 4,250. Management and general expenses 4,250. Fundraising expenses 0. Total expenses 8,500.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 32288 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 49 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO BUILD AN ECOSYSTEM OF INNOVATION FOR THE BENEFIT OF HUMAN HEALTH AND WELL-BEING BY CONNECTING ENTREPRENEURS WITH KNOWLEDGE, CAPITAL AND TALENT - INCLUDING EACH OTHER - NOT ONLY WITHIN GEOGRAPHICAL REGIONS, BUT ACROSS THE NATIONAL LEADING LIFE SCIENCE HUBS. |
| IRS990/AllOtherContributionsAmt | 0 | 467532 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8587242164 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10210 CAMPUS POINT DRIVE 150 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SAN DIEGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 92121 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 49074 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 131261 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 42000 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 42000 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 84000 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 38423 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 38423 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 467532 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 9 |
| IRS990/CYOtherExpensesAmt | 0 | 333653 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 43201 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 13246 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 163843 |
| IRS990/CYTotalExpensesAmt | 0 | 497496 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 510742 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 4166 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 4166 |
| IRS990/Desc | 0 | LAUNCHBIO'S MISSION AND IMPACT:LAUNCHBIO IDENTIFIES, COUNSELS, AND SUPPORTS HIGH-GROWTH, HIGH-IMPACT LIFE SCIENCE AND BIOTECHNOLOGY COMPANIES.ITS MISSION IS TO BUILD AN ECOSYSTEM OF INNOVATION FOR THE BENEFIT OF HUMAN HEALTH AND WELL-BEING.LAUNCHBIO'S IMPACT IS MEASURED BY ITS SUCCESS IN CONNECTING ENTREPRENEURS WITH KNOWLEDGE, CAPITAL AND TALENT - INCLUDING EACH OTHER - NOT ONLY WITHIN GEOGRAPHIC REGIONS, BUT ACROSS THE NATION'S LEADING LIFE SCIENCE HUBS.ENTREPRENEURS CAN SPEND THEIR TIME WORKING ON THEIR SCIENCE, WHILE LAUNCHBIO OFFERS EDUCATION ON BUILDING A BUSINESS, CONNECTING TO RESOURCES AND SUBJECT MATTER EXPERTS, AND INTRODUCTIONS TO FUNDING SOURCES. LAUNCHBIO PLACES ENTREPRENEURS AT THE HEART OF IT'S MISSION. STARTING A LIFE SCIENCE COMPANY IS CHALLENGING, AND IT CAN BE DIFFICULT TO GET THE HELP NEEDED TO ADVANCE AN IDEA, FIND PARTNERS AND FUNDING, AND NAVIGATE THE REGULATORY LANDSCAPE TO ACHIEVE SUCCESS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 226247 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 76253 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 2 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 268635 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 21567 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 21568 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 43135 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1698 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 1698 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3396 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 87546 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 87548 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 175094 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MICHAEL HOSTETLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOHN FREEMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | TIA WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KATHLEEN GIBSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ANTON XAVIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BECKY BEATTIE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 84000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CEO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2015 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 510742 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 1956 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 1956 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 3458 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 424 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 3882 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 9 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 9 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 9 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 50000 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4166 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 50000 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO BUILD AN ECOSYSTEM OF INNOVATION FOR THE BENEFIT OF HUMAN HEALTH AND WELL-BEING BY CONNECTING ENTREPRENEURS WITH KNOWLEDGE, CAPITAL AND TALENT - INCLUDING EACH OTHER - NOT ONLY WITHIN GEOGRAPHICAL REGIONS, BUT ACROSS THE NATIONAL LEADING LIFE SCIENCE HUBS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 165108 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 188868 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -61139 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 112615 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2530 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 947 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3477 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | BUILD TO SCALE PROGRAM |
| IRS990/OtherExpensesGrp/Desc | 1 | BOOKS AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | OTHER EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 3 | MEMBERSHIPS & DUES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 10820 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1095 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 1000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 25000 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 25000 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 10820 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1095 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1000 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 33833 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 33834 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 67667 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 6088 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 6088 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 12176 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 143750 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 57250 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 406 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 406 |
| IRS990/PrincipalOfficerNm | 0 | MIKE HOSTETLER |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 10514 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM SERVICE REVENU |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | EVENT REVENUE |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | PROGRAM REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 36548 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 5554 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 1099 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 36548 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 5554 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 1099 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 423500 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2 |
| IRS990/PYOtherExpensesAmt | 0 | 403578 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1037 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -27840 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 48801 |
| IRS990/PYTotalExpensesAmt | 0 | 452379 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 424539 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IN THE FIRST 6 MONTHS OF 2022 (JANUARY JUNE), LAUNCHBIO PRODUCED 4 NATIONAL WEBINARS ON TOPICS RANGING FROM FINANCIAL STRATEGIES TO SCIENTIFIC INNOVATION. AND 706 BIO-INNOVATORS REGISTERED. WE LIVE-STREAMED 1 LET'S TALK ABOUT DISCUSSION TO ELEVATE THE TOPIC OF DIVERSITY AND INCLUSION IN THE LIFE SCIENCES. THERE WERE 80 REGISTRANTS FOR THIS VIRTUAL PROGRAM. WE PRESENTED 2 INVEST IN CURES DISEASE FOUNDATION FORUMS IN-PERSON. THE FIRST IN DURHAM, FOLLOWED BY A SECOND IN DALLAS TO COINCIDE WITH THE GRAND OPENING OF BIOLABS NTX. COMBINED, THERE WERE 241 REGISTRATIONS WITH AN 87% ATTENDANCE RATE. WHEN IT FELT SAFE TO DO SO, WE HOSTED 2 LARGER THAN LIFE SCIENCE EVENTS. IN SAN DIEGO 'HYPERGROWTH' FEATURED INSIGHT INTO THE AREA'S EXPLOSIVE STARTUP GROWTH AND OFFERED THE OPPORTUNITY TO DIALOGUE WITH THE CITY OF SAN DIEGO. IN DURHAM, 'CLOSING THE DEAL' BROKE DOWN EVERY STEP IN THE DUE DILIGENCE PROCESS. COMBINED, 171 INNOVATORS REGISTERED. OUR 1 FOUNDERS CIRCLEPEER DISCUSSION EXPLORED 'MISTAKES TO AVOID WITH VCS'. THE TOPIC ATTRACTED 52 FOUNDERS AND EXECUTIVES IN DURHAM. DURING THE SECOND 6 MONTHS OF 2022 (JULY DECEMBER), LAUNCHBIO PRODUCED 13 TOTAL EVENTS CONSISTING OF 701 VIRTUAL ATTENDEES AND 249 IN-PERSON ATTENDEES. TOPICS RANGED FROM HYPER-GROWTH IN GROWING REGIONS, TO OPPORTUNITIES IN THE CULTURED MEATS SECTOR, FUNDING STRATEGIES AND PRIVATE COMPANY COMPENSATION REPORTS. WE HELD OUR FIRST LARGER THAN LIFE SCIENCE IN NEW HAVEN CT DISCUSSING HIRING TRENDS AND STRATEGIES FOR COMPANIES COMING OUT OF THE UNIVERSITY SYSTEM. WE HELD OUR FIRST FOUNDERS CIRCLE N PHILADELPHIA AND FIRST INVESTOR CONNECT EVENT IN DALLAS THERE ARE 15,892 BIO-INNOVATORS ON OUR LIST. OF OUR TOTAL AUDIENCE, 35% ARE ENTREPRENEURS. IN ADDITION TO EMAIL, WE HAVE 1,367 TWITTER FOLLOWERS AND 1,924 LINKEDIN FOLLOWERS. LINKEDIN EARNED 21,901 IMPRESSIONS WITH A 4.1% GROWTH RATE. TWITTER EARNED 16,444 IMPRESSIONS WITH A 5.3% GROWTH RATE. ALL OF OUR WEBINARS ARE RECORDED, UPLOADED TO VIMEO AND ARCHIVED ON OUR WEBSITE AND OVER THE COURSE OF 2022 OUR CONTENT HAS BEEN VIEWED 814 TIMES. LAUNCHBIO IS COMMITTED TO BEING THE INDUSTRY LEADER IN CONNECTING, EDUCATING AND SUPPORTING LIFE SCIENCE INNOVATORS ACROSS THE COUNTRY. MAINTAINING QUALITY CONTROL AND BRAND RECOGNITION IS A TOP PRIORITY AS WE DIFFERENTIATE OURSELVES FROM COMPETITORS AND CONTINUE TO ENGAGE OUR AUDIENCE AND PROVIDE MEANINGFUL INTERACTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DRAFT OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | LAUNCHBIO'S CONFLICT OF INTEREST POLICY IS LOCATED IN THE ORGANIZATION'S BYLAWS. THE BYLAWS REQUIRE REGULAR AND CONSISTENT DISCLOSURE OF ALL POTENTIAL CONFLICTS IN ADDITION TO COMPLIANCE AND ENFORCEMENT OF THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPENSATION STUDIES AND CONSULTATION WITH AN INDEPENDENT COMPENSATION CONSULTANT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | FORM 990 RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CORPORATE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 388. MANAGEMENT AND GENERAL EXPENSES 387. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 775. CONTRACTED STAFF: PROGRAM SERVICE EXPENSES 51,915. MANAGEMENT AND GENERAL EXPENSES 51,915. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,830. CONTRACTED MARKETING & PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 30,995. MANAGEMENT AND GENERAL EXPENSES 30,994. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,989. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,250. MANAGEMENT AND GENERAL EXPENSES 4,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,500. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART 1, LINE 1 - SIGNIFICANT ACTIVITIES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BECKY BEATTIE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHIEF EXECUTIVE OFFICER |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | STEWARD INGRAM & COOPER PLLC |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | RALEIGH |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-04-24 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEPHANIE B HOLT CPA |
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