Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
3.13x
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
57th percentile
Faster revenue growth than 57% of similar nonprofits.
Balance Sheet
Assets
Up$173,634
Up $11,518 (+7.1%) from 2020
Net Assets
Down-$369,311
Down $280,865 (-318%) from 2020
Liabilities
Up$542,945
Up $292,383 (+117%) from 2020
Revenue And Expenses
Revenue
Up$848,038
Up $141,559 (+20%) from 2020
Expenses
Up$1,119,401
Up $308,136 (+38%) from 2020
Net Income
Down-$271,363
Down $166,577 (-159%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- May 16, 2022
- Return Version
- 2020v4.1
- Gross Receipts
- $848,038
Mission and Program Overview
Mission
See Schedule O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $119,780 | $152,435 | ▲ $32,655 |
| Pledges and Grants Receivable | $42,072 | $0 | ▼ $42,072 |
| Accounts Receivable | $264 | $21,199 | ▲ $20,935 |
| 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 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $-88,446 | $-369,311 | ▼ $280,865 |
| Total Assets | $162,116 | $173,634 | ▲ $11,518 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Deferred Revenue | $145,085 | $258,413 | ▲ $113,328 |
| Accounts Payable and Accrued Expenses | $105,477 | $189,447 | ▲ $83,970 |
| Other Liabilities | $0 | $95,085 | ▲ $95,085 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $250,562 | $542,945 | ▲ $292,383 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-88,446 | $-369,311 | ▼ $280,865 |
| Total Liabilities and Net Assets / Fund Balance | $162,116 | $173,634 | ▲ $11,518 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Isaac Vanderburg | Vice President, CEO | FT | $153,492 | $27,185 | $180,677 |
Board Members and Trustees
| Name | Title |
|---|---|
| Mary Miner | Board President |
| Daniel Mitchell | Board Member |
| Givey Kochanowski | Board Member |
| Michael Bourdukofsky | Board Member |
| Michelle McNulty | Board Member |
| Nicole Borromeo | Board Member |
| Chad Estes | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $818,082
- Program Service Revenue
- $24,450
- Investment Income
- $0
- Other Revenue
- $5,506
- All Other Contributions
- $10,000
- Change in Net Assets
- $-271,363
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $724,324 |
| Other Expenses | $395,077 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $357,922 | $95,085 | - | $453,007 |
| Fees for Services Other | $152,711 | $125,558 | - | $278,269 |
| Current Officers, Directors, Trustees, and Key Employees | $177,835 | - | - | $177,835 |
| Fees for Services Accounting | - | $57,852 | - | $57,852 |
| Payroll Taxes | $40,070 | $7,492 | - | $47,562 |
| Other Employee Benefits | $21,737 | $9,147 | - | $30,884 |
| Information Technology | $5,017 | $15,172 | - | $20,189 |
| Pension Plan Contributions | $12,668 | $2,368 | - | $15,036 |
| Office Expenses | $6,029 | $8,663 | - | $14,692 |
| Conferences and Meetings | $4,752 | $563 | - | $5,315 |
| Advertising | - | $4,924 | - | $4,924 |
| Insurance | - | $4,705 | - | $4,705 |
| Occupancy | - | $2,399 | - | $2,399 |
| Other Expenses | $337 | $1,618 | $0 | $1,955 |
| Travel | $265 | $378 | - | $643 |
| Interest | - | $142 | - | $142 |
| All Other Expenses | $11 | $91 | - | $102 |
| Total Functional Expenses | $859,146 | $260,255 | $0 | $1,119,401 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Long Term Liability | $95,085 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- 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
- Other officer 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, Section B, 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, Section B, 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, Section B, 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, Section C, 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
- % RON DORSEY JR
- Phone
- 9079523681
- Address
- 721 Depot Drive, Anchorage, AK 99501
Signing Officer
- Name
- Isaac Vanderburg
- Title
- CEO
- Phone
- 9079523681
- Signed
- 2022-05-16
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Isaac Vanderburg
- Voting Board Members
- 9
- Independent Board Members
- 8
- Employees
- 8
- Volunteers
- 9
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 III, Line 1: OUR MISSION IS TO ACCELERATE THE RESOURCE REVOLUTION BY BRINGING 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.”
Form 990 Part IX Line 11G
“Description:consultant total fees:278269”
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| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | See Schedule O |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -88446 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -369311 |
| 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/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 2399 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 2399 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 8663 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 6029 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 14692 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 9147 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 21737 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 30884 |
| IRS990/OtherExpensesGrp/Desc | 0 | INDIRECT COSTS |
| IRS990/OtherExpensesGrp/Desc | 1 | MEMBERSHIP AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | CAPITAL CONTRIBUTIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | SPECIAL EVENTS |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | -78104 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 345 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 1857 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 1618 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 78104 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1688 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 337 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 2033 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1857 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1955 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 95085 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 5506 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 5506 |
| IRS990/OtherRevenueTotalAmt | 0 | 5506 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 95085 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 357922 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 453007 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 7492 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 40070 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 47562 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 2368 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 12668 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 15036 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 42072 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Isaac Vanderburg |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -9502 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RIGOR TECH SUPPORT CONTRACT |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 24450 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 24450 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 679723 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 252346 |
| IRS990/PYOtherRevenueAmt | 0 | 3756 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 23000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -104786 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 558919 |
| IRS990/PYTotalExpensesAmt | 0 | 811265 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 706479 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -271363 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 24450 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | -88446 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | -369311 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 818082 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 679723 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 524155 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 448851 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70160 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2540971 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 217965 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 5506 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3756 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 9262 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99637 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99790 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2540971 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 818082 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 679723 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 524155 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 448851 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70160 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2540971 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2550233 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 95085 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LONG TERM LIABILITY |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 95085 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 153492 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 27185 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Isaac Vanderburg |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Vice President, CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 180677 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 III, Line 1: OUR MISSION IS TO ACCELERATE THE RESOURCE REVOLUTION BY BRINGING 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
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Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $173,634
- Liabilities
- $542,945
- Net assets
- -$369,311
- Revenue
- $848,038
- Expenses
- $1,119,401
- Net income
- -$271,363