Civic Intelligence

Launch Alaska

990 • Fiscal year 2019 • EIN 47-4899425

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

Organization Profilewww.launchalaska.com
721 Depot DriveAnchorage, AK 99501

(907) 752-3681

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$338,738

No earlier filing loaded for comparison.

Net Assets

$276,070

No earlier filing loaded for comparison.

Liabilities

$62,668

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$694,670

No earlier filing loaded for comparison.

Expenses

$588,225

No earlier filing loaded for comparison.

Net Income

$106,445

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2019: $338,738Liabilities 2019: $62,668Net Assets 2019: $276,0702019Assets 2020: $162,116Liabilities 2020: $250,562Net Assets 2020: -$88,4462020Assets 2021: $173,634Liabilities 2021: $542,945Net Assets 2021: -$369,3112021Assets 2022: $119,878Liabilities 2022: $491,993Net Assets 2022: -$372,1152022Assets 2023: $210,054Liabilities 2023: $274,685Net Assets 2023: -$64,6312023Assets 2024: $648,321Liabilities 2024: $737,012Net Assets 2024: -$88,6912024

Highlighted filing

2019

Assets$338,738
Liabilities$62,668
Net Assets$276,070
Open 2019 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $694,670Expenses 2019: $588,225Net Income 2019: $106,4452019Revenue 2020: $706,479Expenses 2020: $811,265Net Income 2020: -$104,7862020Revenue 2021: $848,038Expenses 2021: $1,119,401Net Income 2021: -$271,3632021Revenue 2022: $1,975,549Expenses 2022: $1,981,104Net Income 2022: -$5,5552022Revenue 2023: $2,756,735Expenses 2023: $2,470,379Net Income 2023: $286,3562023Revenue 2024: $2,527,982Expenses 2024: $2,631,776Net Income 2024: -$103,7942024

Highlighted filing

2019

Revenue$694,670
Expenses$588,225
Net Income$106,445
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.3
Gross Receipts
$694,670
Mission and Program Overview

Mission

Launch alaska brings together entrepreneurs, members of the military, utility operators, researchers and thought leaders to work toward a shared vision of alaska as a thriving innovation and entrepreneurial hub. From drones to climate change mitigation, and from electrical grids to cyber security, alaska holds value and experience that a growing entrepreneurial ecosystem is beginning to capture. Launch alaska seeks companies that are innovating solutions to make our communities and organizations more resilient while tackling some of the world's biggest energy and climate problems.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$328,395▲ $328,395
Rtn Earn Endowment Incm Other Fnds$79,309$276,070▲ $196,761
Loans From Officers Directors$0$14,998▲ $14,998
Cash and Non-Interest-Bearing Accounts$12,242$10,294▼ $1,948
Accounts Receivable$67,067$49▼ $67,018
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$79,309$338,738▲ $259,429
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$47,670▲ $47,670
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$62,668▲ $62,668
Net Assets / Fund Balance
Total Net Assets Fund Balance$79,309$276,070▲ $196,761
Total Liabilities and Net Assets / Fund Balance$79,309$338,738▲ $259,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Isaac VanderburgManaging DirectorFT$125,000$125,000

Board Members and Trustees

NameTitle
Gretchen FauskeBoard President
Hezekiah HollandActing Treasurer
Mary MinerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$524,155
Program Service Revenue
$143,766
Investment Income
$0
Other Revenue
$26,749
All Other Contributions
$6,655
Change in Net Assets
$106,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$414,420
Other Expenses$173,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$200,230$14,000-$214,230
Current Officers, Directors, Trustees, and Key Employees$125,000--$125,000
Fees for Services Other$39,777$8,138-$47,915
Other Employee Benefits$38,850$263-$39,113
Fees for Services Accounting-$31,070-$31,070
Occupancy$8,504$20,543-$29,047
Travel$25,654$3,286-$28,940
Payroll Taxes$21,994--$21,994
Office Expenses$13,924$3,475-$17,399
Pension Plan Contributions$14,083--$14,083
Information Technology$1,868$6,842-$8,710
Insurance-$4,825-$4,825
Advertising$3,600--$3,600
Conferences and Meetings-$1,588-$1,588
Interest-$511-$511
Other Expenses$44,336$-44,336-$200
Total Functional Expenses$537,820$50,405$0$588,225
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$14,998▲ $14,998
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 11B:

“LAUNCH ALASKA emails the form to all members, askS for their immediate review and input, and then addS an agenda item to approve at the following Board of Directors meeting.”

FORM 990, PART VI, LINE 12C:

“LAUNCH ALASKA has a standing agenda item at every Board of Directors meeting to disclose, if any exist, conflicts of interest. When someone discloses a conflict, the board discusses the best path forward for the organization and documentS any remedies in the meeting minutes.”

FORM 990, PART VI, LINE 15A:

“Phone calls were made to a local organization that specializes in non-profit management to seek reasonable compensation. The board also consulted a local hr specialist and hr attorney.”

FORM 990, PART VI, LINE 19:

“THE Board of Directors has access to these documents and can freely distribute WHEN REQUESTED.”

Filing and Contact Details

Filer

Filer Name
Launch Alaska
EIN
47-4899425
In Care Of
% ISAAC VANDERBERG
Phone
9077523681
Address
721 Depot Drive, Anchorage, AK 99501

Signing Officer

Name
Isaac Vanderberg
Title
Managing Director
Phone
9079523681
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isaac Vanderberg
Formed
2015
Legal Domicile
Ak
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
5

Preparer

Firm
Bdo USA Llp
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Nayyir Rawhani CPA
Phone
9072788878
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

“LAUNCH ALASKA is a 501(c)(3) that supports tech startups that can solve challenging problems in Alaska. IT provideS the startups with training, mentorship, advice and networking opportunities. IT also helpS the companies identify opportunities for growth within the Alaska economy, and helpS them develop their marketing and communication.”

Form 990, Part XI, Line 8:

“Correction of an error from a prior year due to an oversight of additional grant revenues not previously reported.”

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IRS990/MissionDesc0LAUNCH ALASKA BRINGS TOGETHER ENTREPRENEURS, MEMBERS OF THE MILITARY, UTILITY OPERATORS, RESEARCHERS AND THOUGHT LEADERS TO WORK TOWARD A SHARED VISION OF ALASKA AS A THRIVING INNOVATION AND ENTREPRENEURIAL HUB. FROM DRONES TO CLIMATE CHANGE MITIGATION, AND FROM ELECTRICAL GRIDS TO CYBER SECURITY, ALASKA HOLDS VALUE AND EXPERIENCE THAT A GROWING ENTREPRENEURIAL ECOSYSTEM IS BEGINNING TO CAPTURE. LAUNCH ALASKA SEEKS COMPANIES THAT ARE INNOVATING SOLUTIONS TO MAKE OUR COMMUNITIES AND ORGANIZATIONS MORE RESILIENT WHILE TACKLING SOME OF THE WORLD'S BIGGEST ENERGY AND CLIMATE PROBLEMS.
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0170515
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt079309
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0276070
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0524155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0448851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt093004
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01186170
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0170515
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01186170
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0524155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0448851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt070160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt093004
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt050000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01186170
IRS990ScheduleA/TotalSupportAmt01186170
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt014998
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Non-Profits Payroll
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt014998
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Isaac Vanderburg
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Managing Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt014998
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAUNCH ALASKA is a 501(c)(3) that supports tech startups that can solve challenging problems in Alaska. IT provideS the startups with training, mentorship, advice and networking opportunities. IT also helpS the companies identify opportunities for growth within the Alaska economy, and helpS them develop their marketing and communication.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LAUNCH ALASKA emails the form to all members, askS for their immediate review and input, and then addS an agenda item to approve at the following Board of Directors meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LAUNCH ALASKA has a standing agenda item at every Board of Directors meeting to disclose, if any exist, conflicts of interest. When someone discloses a conflict, the board discusses the best path forward for the organization and documentS any remedies in the meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PHONE CALLS WERE MADE TO A LOCAL ORGANIZATION THAT SPECIALIZES IN NON-PROFIT MANAGEMENT TO SEEK REASONABLE COMPENSATION. THE BOARD ALSO CONSULTED A LOCAL HR SPECIALIST AND HR ATTORNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE Board of Directors has access to these documents and can freely distribute WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Correction of an error from a prior year due to an oversight of additional grant revenues not previously reported.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 15A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 8:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0812716933
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1301002629
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.00075
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.00006
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0Related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1Related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Investments
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1Investments
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Launch Alaska Fund LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1Launch Alaska Fund II LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt088
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt124
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt1-1
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0601 W 5th Ave Floor 2
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1600 W 5th Ave Floor 2
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Anchorage
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1Anchorage
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1AK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd099501
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd199501
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$338,738
Liabilities
$62,668
Net assets
$276,070
Revenue
$694,670
Expenses
$588,225
Net income
$106,445
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.74$0.09$2.53$2.63$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.27$0.06$2.76$2.47$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.49$0.37$1.98$1.98$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.54$0.37$0.85$1.12$0.27
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.25$0.09$0.71$0.81$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.34$0.06$0.28$0.69$0.59$0.11