Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Assets
Up$619,265
Up $374,765 (+153%) from 2016
Net Assets
Up$562,895
Up $318,395 (+130%) from 2016
Liabilities
Up$56,370
Up $56,370 from 2016
Revenue
Up$738,210
Up $488,210 (+195%) from 2016
Expenses
Up$414,815
Up $409,315 (+7442%) from 2016
Net Income
Up$323,395
Up $78,895 (+32%) from 2016
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. LaunchBios 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 nations leading life science hubs.
LaunchBio, Inc.'s mission is to identify, counsel and support high-growth, high-impact life science and biotechnology companies through regional and national collaboration with ecosystem partners. More on Schedule O.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | - | $399,250 | - |
| Cash and Non-Interest-Bearing Accounts | $244,500 | $220,015 | ▼ $24,485 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $244,500 | $619,265 | ▲ $374,765 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $56,637 | - |
| Other Liabilities | - | $-267 | - |
| Total Liabilities | $0 | $56,370 | ▲ $56,370 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | - | $356,250 | - |
| Unrestricted Net Assets | $244,500 | $206,645 | ▼ $37,855 |
| Total Net Assets Fund Balance | $244,500 | $562,895 | ▲ $318,395 |
| Total Liabilities and Net Assets / Fund Balance | $244,500 | $619,265 | ▲ $374,765 |
| Name | Title |
|---|---|
| Susie Harborth | President |
| Richard Lin | Director |
| Ted Choi | Director |
| Nancy Hong | Secretary |
| Nancy Hong | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Joan Siefert Rose | Consultant | 10210 Campus Point Drive, San Diego, CA 92121 | $200,000 |
| Line Item | Amount |
|---|---|
| Other Expenses | $210,385 |
| Salaries, Compensation, and Employee Benefits | $204,430 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $120,000 | $80,000 | - | $200,000 |
| Advertising | $35,718 | $21,574 | - | $57,292 |
| Travel | $8,927 | $7,537 | - | $16,464 |
| Fees for Services Other | $9,625 | $4,629 | - | $14,254 |
| Fees for Services Accounting | $904 | $11,660 | - | $12,564 |
| Occupancy | $10,000 | - | - | $10,000 |
| Fees for Services Legal | $67 | $8,636 | - | $8,703 |
| Other Salaries and Wages | - | $3,179 | - | $3,179 |
| Insurance | $1,022 | $1,390 | - | $2,412 |
| Other Expenses | $946 | $1,099 | - | $2,045 |
| Information Technology | $921 | $283 | - | $1,204 |
| Other Employee Benefits | - | $904 | - | $904 |
| All Other Expenses | $495 | $117 | - | $612 |
| Office Expenses | $224 | $170 | - | $394 |
| Payroll Taxes | - | $347 | - | $347 |
| Total Functional Expenses | $273,290 | $141,525 | $0 | $414,815 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“Draft of Form 990 provided to 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.”
“Form 990 returns are made available to the public upon request.”
“Corporate documents made available to the public upon request.”
“Gifts in Kind = -$5000”
“FY 2017 represented the first full year of program activities for LaunchBio, Inc., which began monthly educational events for early stage life sciences entrepreneurs in San Diego and created an operations plan for similar educational programs in Durham, North Carolina, with a planned January 2108 start date. LaunchBio also evaluated expansion opportunities in additional markets as the organization grows. The San Diego educational programs were funded in part by a $25,000 competitive economic development grant from the City of San Diego. LaunchBio initiated monthly "lunch and learns" in August on topics such as effective fundraising, communications skills, and commercialization of technology. LaunchBio also formed a partnership with the San Diego Unified School District to offer a week-long career immersion program for students at Clairemont High School and participated in the Life Sciences Summer Institute internship program run by the San Diego Workforce Partnership. LaunchBio secured multi-year sponsorship pledges and individual donations exceeding $700,000 which, including the grant funding, resulted in a nearly 3-fold increase in contributions from the previous fiscal year. The majority of the sponsorships came from North Carolina-based companies in anticipation of educational programs to be held in 2018 at the newly renovated Chesterfield Building in downtown Durham. LaunchBio established a website (www.launchbio.org), social media program, monthly email newsletter, and regular outreach to nonprofit, academic and economic development organizations in San Diego and North Carolina to coordinate activities in support of life science and biotechnology entrepreneurs.”
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 | true |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 56637 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 399250 |
| IRS990/AcctCompileOrReviewBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | LaunchBio, Inc.'s mission is to identify, counsel and support high-growth, high-impact life science and biotechnology companies through regional and national collaboration with ecosystem partners. More on Schedule O. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 21574 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 35718 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 57292 |
| IRS990/AllAffiliatesIncludedInd | 0 | false |
| IRS990/AllOtherContributionsAmt | 0 | 738210 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 117 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 495 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 612 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Nancy Hong |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8587242164 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10210 Campus Point Dr STE 150 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | San Diego |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 92121 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 244500 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 220015 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 80000 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 120000 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 200000 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 200000 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 10210 Campus Point Drive |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | San Diego |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 92121 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | Joan Siefert Rose |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Consultant |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 738210 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 210385 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 323395 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 204430 |
| IRS990/CYTotalExpensesAmt | 0 | 414815 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 738210 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | Biotechnology educational growth programs. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 273290 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 11660 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 904 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 12564 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 8636 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 67 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 8703 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 4629 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 9625 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 14254 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 4.00 |
| 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/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/PersonNm | 0 | Susie Harborth |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Nancy Hong |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Nancy Hong |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Ted Choi |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Richard Lin |
| 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/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/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormationYr | 0 | 2015 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 738210 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 283 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 921 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 1204 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1390 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1022 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2412 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | false |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | LaunchBio, Inc.'s mission is to identify, counsel and support high-growth, high-impact life science and biotechnology companies through regional and national collaboration with ecosystem partners. More on Schedule O. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 244500 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 562895 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 15000 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 10000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 10000 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 170 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 224 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 394 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -5000 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 904 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 904 |
| IRS990/OtherExpensesGrp/Desc | 0 | Contracted Program Staff |
| IRS990/OtherExpensesGrp/Desc | 1 | Sponsorships and Partnerships |
| IRS990/OtherExpensesGrp/Desc | 2 | Program Event Expenses |
| IRS990/OtherExpensesGrp/Desc | 3 | Printing and Publications |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1099 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 64250 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 11500 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 8691 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 946 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 64250 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 11500 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 8691 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2045 |
| IRS990/OtherInd | 0 | X |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | -267 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 3179 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3179 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 347 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 347 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 250000 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 5500 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 244500 |
| IRS990/PYTotalExpensesAmt | 0 | 5500 |
| IRS990/PYTotalRevenueAmt | 0 | 250000 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 323395 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 381960 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Draft of Form 990 provided to board of directors for review prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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 | 2 | Form 990 returns are made available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Corporate documents made available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Gifts in Kind = -$5000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | FY 2017 represented the first full year of program activities for LaunchBio, Inc., which began monthly educational events for early stage life sciences entrepreneurs in San Diego and created an operations plan for similar educational programs in Durham, North Carolina, with a planned January 2108 start date. LaunchBio also evaluated expansion opportunities in additional markets as the organization grows. The San Diego educational programs were funded in part by a $25,000 competitive economic development grant from the City of San Diego. LaunchBio initiated monthly "lunch and learns" in August on topics such as effective fundraising, communications skills, and commercialization of technology. LaunchBio also formed a partnership with the San Diego Unified School District to offer a week-long career immersion program for students at Clairemont High School and participated in the Life Sciences Summer Institute internship program run by the San Diego Workforce Partnership. LaunchBio secured multi-year sponsorship pledges and individual donations exceeding $700,000 which, including the grant funding, resulted in a nearly 3-fold increase in contributions from the previous fiscal year. The majority of the sponsorships came from North Carolina-based companies in anticipation of educational programs to be held in 2018 at the newly renovated Chesterfield Building in downtown Durham. LaunchBio established a website (www.launchbio.org), social media program, monthly email newsletter, and regular outreach to nonprofit, academic and economic development organizations in San Diego and North Carolina to coordinate activities in support of life science and biotechnology entrepreneurs. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Changes In Net Assets Or Fund Balances - Other Decreases |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part 1, Line 1 - Significant Activities |
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| IRS990/WebsiteAddressTxt | 0 | www.LaunchBio.org |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Susie Harborth |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-06-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LaunchBio Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAUN |
| ReturnHeader/Filer/EIN | 0 | 474851964 |
| ReturnHeader/Filer/PhoneNum | 0 | 8587242164 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 10210 Campus Point Drive |
| ReturnHeader/Filer/USAddress/CityNm | 0 | San Diego |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 92121 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 452079664 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | For Purpose Law Group |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1435 30th Street |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | San Diego |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 92102 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6197803839 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | May L Harris Esq |
| ReturnHeader/ReturnTs | 0 | 2018-06-14T15:14:34-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.