Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 14.2% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
76th percentile
Faster revenue growth than 76% of similar nonprofits.
Assets
Up$409,567
Up $220,650 (+117%) from 2022
Net Assets
Up$228,634
Up $39,766 (+21%) from 2022
Liabilities
Up$180,933
Up $180,884 (+369151%) from 2022
Revenue
Up$703,614
Up $192,872 (+38%) from 2022
Expenses
Up$663,848
Up $166,352 (+33%) from 2022
Net Income
Up$39,766
Up $26,520 (+200%) from 2022
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 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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $131,261 | $352,265 | ▲ $221,004 |
| Pledges and Grants Receivable | $57,250 | $57,302 | ▲ $52 |
| Prepaid Expenses and Deferred Charges | $406 | - | - |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Total Assets | $188,917 | $409,567 | ▲ $220,650 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $49 | $180,933 | ▲ $180,884 |
| Total Liabilities | $49 | $180,933 | ▲ $180,884 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $112,615 | $228,634 | ▲ $116,019 |
| Net Assets With Donor Restrictions | $76,253 | $0 | ▼ $76,253 |
| Total Net Assets Fund Balance | $188,868 | $228,634 | ▲ $39,766 |
| Total Liabilities and Net Assets / Fund Balance | $188,917 | $409,567 | ▲ $220,650 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $0 | $50,000 | $50,000 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Becky Beattie | CEO | FT | $99,600 | $99,600 |
| Name | Title |
|---|---|
| Michael Hostetler | President |
| Anton Xavier | Director |
| Kathleen Gibson | Director |
| Tia Williams | Secretary |
| John Freeman | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $485,544 |
| Salaries, Compensation, and Employee Benefits | $178,304 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $81,871 | $81,872 | - | $163,743 |
| Current Officers, Directors, Trustees, and Key Employees | $49,800 | $49,800 | - | $99,600 |
| Other Salaries and Wages | $32,750 | $32,750 | - | $65,500 |
| Conferences and Meetings | $31,619 | $31,619 | - | $63,238 |
| Travel | $16,076 | $16,076 | - | $32,152 |
| Fees for Services Accounting | $14,875 | $14,875 | - | $29,750 |
| Information Technology | $11,512 | $6,707 | - | $18,219 |
| Payroll Taxes | $6,602 | $6,602 | - | $13,204 |
| Office Expenses | $10,377 | - | - | $10,377 |
| Fees for Services Legal | $3,375 | $3,375 | - | $6,750 |
| Insurance | $3,565 | $67 | - | $3,632 |
| Other Expenses | $2,720 | - | - | $2,720 |
| Total Functional Expenses | $420,105 | $243,743 | $0 | $663,848 |
| 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.”
“Form 990 returns are made available to the public upon request.”
“Corporate documents are made available to the public upon request.”
“In 2023 launchbio produced larger than life science events in boston, durham, new haven and san diego attracting 497 attendees. Larger than life science is an in-person series that arms entrepreneurs with the knowledge, capital and connections it takes to start and grow a life science startup. These events highlight the best minds in the life sciences today. Launchbio invites all industry leaders and seasoned entrepreneurs to share their experience and expertise in drug discovery, regulatory strategy, fundraising, team building, and communications across the nation's leading life science hubs. In 2023 launchbio conducted founders circles in philadelphia and san diego with a total of 32 participants. Founders circle is a peer advisory forum for life science startup founders and c-level executives. These discussions are facilitated by industry experts and investment professionals and center on business challenges that all early-stage life science companies face. Our peer learning environment encourages experience sharing and discussion of innovative strategies for growing, scaling and funding life science startups. Launchbio continued to offer webinars attracting 238 attendees. Topics included, "the soul of science", a bioethics discussion around gene editing and crispr technology, "compensation confidential", where we shared real-time data on base salaries, actual and target bonuses, founder and non-founder equity for c-suite to staff level employees, "capital gains", a four-part series where life science startup founders gained the knowledge and skills necessary to attract venture capital funding, and " equity 101", understanding the intricacies of financial markets, valuation methodologies and cap table management. Launchbio hosted invest in cures in san diego on august 24th with 162 attendees. Invest in cures explores the rising trend of impact investing through disease foundations and innovative approaches to addressing rare disease challenges. Foundation leaders, advocates and entrepreneurs shared how a targeted venture philanthropy approach is accelerating the commercialization of life saving therapies. This forum examined the foundation venture funds and their investment philosophies, highlighted successful collaborations with start-ups as well as disease advocacy groups and offered matchmaking opportunities for venture funds and start-ups that align with their investment profile. In 2023 launchbio created "investor connect" a new virtual meeting platform for entrepreneurs to meet investors. In this monthly, invitation-only series, top level investors are connected with promising, early stage, life science entrepreneurs through a curated process and meet in a facilitated, online conversation. 51% of investor connect companies have further interest from investors. This series is for life science founders and c-level executives who are based in the us, raising funding (pre-seed, seed, series a, series b) and interested in expanding their investor network. Entrepreneur applications are accepted on a rolling basis and are considered each month based on the investor's portfolio interests. A total of 162 entrepreneurs were matched with investors in 2023. In 2023 launchbio launched the "nextgen vc forum". Launchbio's nextgen vc forum is the premiere event for venture capital associates to expand their skills and expertise while growing their network. Topics include: negotiating term sheets, leveraging ip diligence, and understanding board governance.the half-day forum includes a networking breakfast, three one-hour sessions and lunch. Attendance at nextgen vc forum is by invitation only. A total of 123 attendees participated at events in san francisco, boston and new york city. In 2023 launchbio launched the "nextgen vc podcast" a podcast that unpacks the opportunities, challenges and breakthroughs shaping life sciences investing and is curated by wilson sonsini and launchbio with hosts michael hostetler and jennifer fang. Each”
“Payroll processing fees: program service expenses 906. Management and general expenses 907. Fundraising expenses 0. Total expenses 1,813. Contracted staff: program service expenses 47,901. Management and general expenses 47,901. Fundraising expenses 0. Total expenses 95,802. Contracted marketing & public relations: program service expenses 33,064. Management and general expenses 33,064. Fundraising expenses 0. Total expenses 66,128.”
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 | 49 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 180933 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AllOtherContributionsAmt | 0 | 459680 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8587242164 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 9276 SCRANTON RD STE 200 |
| 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 | 131261 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 352265 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 49800 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 49800 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 99600 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 31619 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 31619 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 63238 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 679800 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 14 |
| IRS990/CYOtherExpensesAmt | 0 | 485544 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 23800 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 39766 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 178304 |
| IRS990/CYTotalExpensesAmt | 0 | 663848 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 703614 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| 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 | 76253 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 2 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 420105 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 14875 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 14875 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 29750 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 3375 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 3375 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6750 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 81872 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 81871 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 163743 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| 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 | 99600 |
| 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/GovernmentGrantsAmt | 0 | 220120 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 703614 |
| 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 | 6707 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 11512 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 18219 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 67 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3565 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 3632 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 14 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 14 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 7 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 50000 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| 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 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 188868 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 228634 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 112615 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 228634 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 10377 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 10377 |
| 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 | MEMBERSHIPS & DUES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 150463 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 4500 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 2720 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 150463 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 4500 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2720 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 32750 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 32750 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 65500 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 6602 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 6602 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 13204 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 57250 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 57302 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 406 |
| IRS990/PrincipalOfficerNm | 0 | MIKE HOSTETLER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROGRAM SERVICE REVENU |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | EVENT REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 15204 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 8596 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 15204 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 8596 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 467532 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 9 |
| IRS990/PYOtherExpensesAmt | 0 | 333653 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IN 2023 LAUNCHBIO PRODUCED LARGER THAN LIFE SCIENCE EVENTS IN BOSTON, DURHAM, NEW HAVEN AND SAN DIEGO ATTRACTING 497 ATTENDEES. LARGER THAN LIFE SCIENCE IS AN IN-PERSON SERIES THAT ARMS ENTREPRENEURS WITH THE KNOWLEDGE, CAPITAL AND CONNECTIONS IT TAKES TO START AND GROW A LIFE SCIENCE STARTUP. THESE EVENTS HIGHLIGHT THE BEST MINDS IN THE LIFE SCIENCES TODAY. LAUNCHBIO INVITES ALL INDUSTRY LEADERS AND SEASONED ENTREPRENEURS TO SHARE THEIR EXPERIENCE AND EXPERTISE IN DRUG DISCOVERY, REGULATORY STRATEGY, FUNDRAISING, TEAM BUILDING, AND COMMUNICATIONS ACROSS THE NATION'S LEADING LIFE SCIENCE HUBS. IN 2023 LAUNCHBIO CONDUCTED FOUNDERS CIRCLES IN PHILADELPHIA AND SAN DIEGO WITH A TOTAL OF 32 PARTICIPANTS. FOUNDERS CIRCLE IS A PEER ADVISORY FORUM FOR LIFE SCIENCE STARTUP FOUNDERS AND C-LEVEL EXECUTIVES. THESE DISCUSSIONS ARE FACILITATED BY INDUSTRY EXPERTS AND INVESTMENT PROFESSIONALS AND CENTER ON BUSINESS CHALLENGES THAT ALL EARLY-STAGE LIFE SCIENCE COMPANIES FACE. OUR PEER LEARNING ENVIRONMENT ENCOURAGES EXPERIENCE SHARING AND DISCUSSION OF INNOVATIVE STRATEGIES FOR GROWING, SCALING AND FUNDING LIFE SCIENCE STARTUPS. LAUNCHBIO CONTINUED TO OFFER WEBINARS ATTRACTING 238 ATTENDEES. TOPICS INCLUDED, "THE SOUL OF SCIENCE", A BIOETHICS DISCUSSION AROUND GENE EDITING AND CRISPR TECHNOLOGY, "COMPENSATION CONFIDENTIAL", WHERE WE SHARED REAL-TIME DATA ON BASE SALARIES, ACTUAL AND TARGET BONUSES, FOUNDER AND NON-FOUNDER EQUITY FOR C-SUITE TO STAFF LEVEL EMPLOYEES, "CAPITAL GAINS", A FOUR-PART SERIES WHERE LIFE SCIENCE STARTUP FOUNDERS GAINED THE KNOWLEDGE AND SKILLS NECESSARY TO ATTRACT VENTURE CAPITAL FUNDING, AND " EQUITY 101", UNDERSTANDING THE INTRICACIES OF FINANCIAL MARKETS, VALUATION METHODOLOGIES AND CAP TABLE MANAGEMENT. LAUNCHBIO HOSTED INVEST IN CURES IN SAN DIEGO ON AUGUST 24TH WITH 162 ATTENDEES. INVEST IN CURES EXPLORES THE RISING TREND OF IMPACT INVESTING THROUGH DISEASE FOUNDATIONS AND INNOVATIVE APPROACHES TO ADDRESSING RARE DISEASE CHALLENGES. FOUNDATION LEADERS, ADVOCATES AND ENTREPRENEURS SHARED HOW A TARGETED VENTURE PHILANTHROPY APPROACH IS ACCELERATING THE COMMERCIALIZATION OF LIFE SAVING THERAPIES. THIS FORUM EXAMINED THE FOUNDATION VENTURE FUNDS AND THEIR INVESTMENT PHILOSOPHIES, HIGHLIGHTED SUCCESSFUL COLLABORATIONS WITH START-UPS AS WELL AS DISEASE ADVOCACY GROUPS AND OFFERED MATCHMAKING OPPORTUNITIES FOR VENTURE FUNDS AND START-UPS THAT ALIGN WITH THEIR INVESTMENT PROFILE. IN 2023 LAUNCHBIO CREATED "INVESTOR CONNECT" A NEW VIRTUAL MEETING PLATFORM FOR ENTREPRENEURS TO MEET INVESTORS. IN THIS MONTHLY, INVITATION-ONLY SERIES, TOP LEVEL INVESTORS ARE CONNECTED WITH PROMISING, EARLY STAGE, LIFE SCIENCE ENTREPRENEURS THROUGH A CURATED PROCESS AND MEET IN A FACILITATED, ONLINE CONVERSATION. 51% OF INVESTOR CONNECT COMPANIES HAVE FURTHER INTEREST FROM INVESTORS. THIS SERIES IS FOR LIFE SCIENCE FOUNDERS AND C-LEVEL EXECUTIVES WHO ARE BASED IN THE US, RAISING FUNDING (PRE-SEED, SEED, SERIES A, SERIES B) AND INTERESTED IN EXPANDING THEIR INVESTOR NETWORK. ENTREPRENEUR APPLICATIONS ARE ACCEPTED ON A ROLLING BASIS AND ARE CONSIDERED EACH MONTH BASED ON THE INVESTOR'S PORTFOLIO INTERESTS. A TOTAL OF 162 ENTREPRENEURS WERE MATCHED WITH INVESTORS IN 2023. IN 2023 LAUNCHBIO LAUNCHED THE "NEXTGEN VC FORUM". LAUNCHBIO'S NEXTGEN VC FORUM IS THE PREMIERE EVENT FOR VENTURE CAPITAL ASSOCIATES TO EXPAND THEIR SKILLS AND EXPERTISE WHILE GROWING THEIR NETWORK. TOPICS INCLUDE: NEGOTIATING TERM SHEETS, LEVERAGING IP DILIGENCE, AND UNDERSTANDING BOARD GOVERNANCE.THE HALF-DAY FORUM INCLUDES A NETWORKING BREAKFAST, THREE ONE-HOUR SESSIONS AND LUNCH. ATTENDANCE AT NEXTGEN VC FORUM IS BY INVITATION ONLY. A TOTAL OF 123 ATTENDEES PARTICIPATED AT EVENTS IN SAN FRANCISCO, BOSTON AND NEW YORK CITY. IN 2023 LAUNCHBIO LAUNCHED THE "NEXTGEN VC PODCAST" A PODCAST THAT UNPACKS THE OPPORTUNITIES, CHALLENGES AND BREAKTHROUGHS SHAPING LIFE SCIENCES INVESTING AND IS CURATED BY WILSON SONSINI AND LAUNCHBIO WITH HOSTS MICHAEL HOSTETLER AND JENNIFER FANG. EACH |
| 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. |
| 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 906. MANAGEMENT AND GENERAL EXPENSES 907. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,813. CONTRACTED STAFF: PROGRAM SERVICE EXPENSES 47,901. MANAGEMENT AND GENERAL EXPENSES 47,901. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95,802. CONTRACTED MARKETING & PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 33,064. MANAGEMENT AND GENERAL EXPENSES 33,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,128. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART 1, LINE 1 - SIGNIFICANT ACTIVITIES |
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| 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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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.