Civic Intelligence

Launch Point CDC Inc.

990 • Fiscal year 2024 • EIN 76-0400074

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 17, 2025

Organization Profilewww.thelaunchcenter.org
5807 Little York RdHouston, TX 77016

(713) 636-2959

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

47th percentile

3.1%

Higher net margin than 47% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

99th percentile

944%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

126%

Faster revenue growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$29,962

Up $27,091 (+944%) from 2023

Net Assets

Up

$29,962

Up $27,091 (+944%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin47th percentile

Revenue

Up

$869,161

Up $484,400 (+126%) from 2023

Expenses

Up

$842,070

Up $378,405 (+82%) from 2023

Net Income

Up

$27,091

Up $105,995 (+134%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$150K$100K$50K$0Assets 2014: $8,648Liabilities 2014: $02014Assets 2015: $22,588Liabilities 2015: $7,857Net Assets 2015: $14,7312015Assets 2016: $21,755Liabilities 2016: $02016Assets 2018: $112,737Liabilities 2018: $19,888Net Assets 2018: $92,8492018Assets 2022: $81,775Liabilities 2022: $0Net Assets 2022: $81,7752022Assets 2023: $2,871Liabilities 2023: $0Net Assets 2023: $2,8712023Assets 2024: $29,962Liabilities 2024: $0Net Assets 2024: $29,9622024

Highlighted filing

2024

Assets$29,962
Liabilities$0
Net Assets$29,962
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.0M$500K$0-$500KRevenue 2014: $100,786Expenses 2014: $96,709Net Income 2014: $4,0772014Revenue 2015: $115,905Expenses 2015: $109,822Net Income 2015: $6,0832015Revenue 2016: $185,259Expenses 2016: $177,475Net Income 2016: $7,7842016Revenue 2018: $243,486Expenses 2018: $144,993Net Income 2018: $98,4932018Revenue 2022: $835,272Expenses 2022: $753,497Net Income 2022: $81,7752022Revenue 2023: $384,761Expenses 2023: $463,665Net Income 2023: -$78,9042023Revenue 2024: $869,161Expenses 2024: $842,070Net Income 2024: $27,0912024

Highlighted filing

2024

Revenue$869,161
Expenses$842,070
Net Income$27,091
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$869,161
Mission and Program Overview

Mission

Launch Point CDC, Inc. is a social service referral organization.

Launch Point CDC is a non-profit organization based in Northeast Houston. Our mission is to empower individuals and families in underserved communities to reach their full potential through access to education, job training and community development initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,871$29,962▲ $27,091
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$2,871$29,962▲ $27,091
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,871$29,962▲ $27,091
Total Net Assets Fund Balance$2,871$29,962▲ $27,091
Total Liabilities and Net Assets / Fund Balance$2,871$29,962▲ $27,091
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Ivory MayhornExec Director
Revenue and Support

Revenue Composition

Contributions and Grants
$869,161
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$869,161
Change in Net Assets
$27,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$842,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$757,659--$757,659
Office Expenses$40,157--$40,157
Occupancy$24,788--$24,788
Advertising$11,858--$11,858
Insurance$4,668--$4,668
Fees for Services Accounting$2,940--$2,940
Total Functional Expenses$842,070$0$0$842,070
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Launch Point CDC Inc
EIN
76-0400074
Phone
7136362959
Address
5807 Little York Rd, Houston, TX 77016

Signing Officer

Name
Ivory Mayhorn
Title
Executive Director
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
TX
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
50

Preparer

Firm
Cornelius Financial Advisory PC
Address
24 Greenway Plz Ste 550, Houston, TX 77046
Preparer
Donellen G Cornelius
Phone
7135201787
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ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,962
Liabilities
$0
Net assets
$29,962
Revenue
$869,161
Expenses
$842,070
Net income
$27,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$8.69$8.42$0.27
2023Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$3.85$4.64$0.79
2022Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$8.35$7.53$0.82
2018Summary only. Only limited summary data is available for this year.$1.13$0.20$0.93$2.43$1.45$0.98
2016Summary only. Only limited summary data is available for this year.$0.22$0.00$1.85$1.77$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.15$1.16$1.10$0.06
2014Summary only. Only limited summary data is available for this year.$0.09$0.00$1.01$0.97$0.04