Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
58th percentile
Higher debt load relative to revenue than 58% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
44th percentile
Faster asset growth than 44% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Up$247,757
Up $217 (+0.1%) from 2019
Net Assets
Up$247,122
Up $166 (+0.1%) from 2019
Liabilities
Up$635
Up $51 (+8.7%) from 2019
Revenue And Expenses
Revenue
Up$176,922
Up $6,530 (+3.8%) from 2019
Expenses
Up$176,756
Up $136,014 (+334%) from 2019
Net Income
Down$166
Down $129,484 (-100%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Jul 30, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $176,922
Mission and Program Overview
Mission
Launchspace, inc. Is a member-based makerspace located in orange innovation center. We provide tools, equipment, education, and support to mkaers who don't have space, money, or time to create their own workspace.
Launchspace inc is a member based makerspace located in orange innovation center. The organization provides tools, equipment, education and support to makers who don't have space, money, or time to create their own workspace.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION PROVIDES TOOLS, EQUIPMENT, AND SUPPORT TO MAKERS WHO DON'T HAVE SPACE, MONEY OR TIME TO CREATE THEIR OWN WORKSHOP. | $0 | $1,414 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BRIANNA DROHEN | President | FT | $0 | - | - |
| MARK WRIGHT | Treasurer | - | $0 | - | - |
| SEAN O'DONNELL | Secretary | - | $0 | - | - |
| ALEC MACLEOD | Director | - | $0 | - | - |
| COURTNEY FIFIELD | Director | - | $0 | - | - |
| CARI RICH | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Launchspace Inc
- EIN
- 81-4826723
- Phone
- 8778295500
- Address
- 131 WEST MAIN STREET NO 342, ORANGE, MA 01364
Signing Officer
- Name
- Mark Wright
- Title
- Treasurer
- Phone
- 8778295500
- Signed
- 2021-07-30
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Ingle & Associates LLC
- Address
- 35 WALNUT STREET SUITE 100, WELLESLEY HILLS, MA 02481
- Preparer
- Robert C Ingle
- Phone
- 7814252050
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: grants. Amount: 100,000.”
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 6,391. Description: other expenses. Amount: 1,546. Total to form 990-ez, line 14: 7,937.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: infrastructure expenses. Amount: 151,840. Description: office expenses. Amount: 2,449. Description: insurance. Amount: 5,286. Description: communications. Amount: 2,038. Description: travel and conventions. Amount: 295. Description: supplies. Amount: 283. Description: program service expenses. Amount: 1,414. Total to form 990-ez, line 16: 163,605.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 584. End of year amount: 635.”
Raw XML Appendix163 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MARK WRIGHT |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9786335131 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 131 WEST MAIN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ORANGE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01364 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 310 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 6918 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 76359 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 166 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4156 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 247540 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 247757 |
| IRS990EZ/GrossReceiptsAmt | 0 | 176922 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 247230 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 240839 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 563 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 246956 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 247122 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 246956 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 247122 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 7937 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | BRIANNA DROHEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARK WRIGHT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SEAN O'DONNELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ALEC MACLEOD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | COURTNEY FIFIELD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | CARI RICH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 163605 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 100000 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | LAUNCHSPACE INC IS A MEMBER BASED MAKERSPACE LOCATED IN ORANGE INNOVATION CENTER. THE ORGANIZATION PROVIDES TOOLS, EQUIPMENT, EDUCATION AND SUPPORT TO MAKERS WHO DON'T HAVE SPACE, MONEY, OR TIME TO CREATE THEIR OWN WORKSPACE. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1058 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION PROVIDES TOOLS, EQUIPMENT, AND SUPPORT TO MAKERS WHO DON'T HAVE SPACE, MONEY OR TIME TO CREATE THEIR OWN WORKSHOP. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 1414 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 584 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 635 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 176756 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 1414 |
| IRS990EZ/TotalRevenueAmt | 0 | 176922 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LAUNCHSPACE.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 76922 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33892 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 256631 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 367445 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 367445 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 76922 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33892 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 256631 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 367445 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 367445 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: GRANTS. AMOUNT: 100,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: DEPRECIATION. AMOUNT: 6,391. DESCRIPTION: OTHER EXPENSES. AMOUNT: 1,546. TOTAL TO FORM 990-EZ, LINE 14: 7,937. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INFRASTRUCTURE EXPENSES. AMOUNT: 151,840. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,449. DESCRIPTION: INSURANCE. AMOUNT: 5,286. DESCRIPTION: COMMUNICATIONS. AMOUNT: 2,038. DESCRIPTION: TRAVEL AND CONVENTIONS. AMOUNT: 295. DESCRIPTION: SUPPLIES. AMOUNT: 283. DESCRIPTION: PROGRAM SERVICE EXPENSES. AMOUNT: 1,414. TOTAL TO FORM 990-EZ, LINE 16: 163,605. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 584. END OF YEAR AMOUNT: 635. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARK WRIGHT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8778295500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-07-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAUNCHSPACE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAUN |
| ReturnHeader/Filer/EIN | 0 | 814826723 |
| ReturnHeader/Filer/PhoneNum | 0 | 8778295500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 131 WEST MAIN STREET NO 342 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ORANGE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01364 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273571151 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | INGLE & ASSOCIATES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 35 WALNUT STREET SUITE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WELLESLEY HILLS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02481 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7814252050 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT C INGLE |
| ReturnHeader/ReturnTs | 0 | 2021-07-30T14:21:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MARK |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WRIGHT |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $247,757
- Liabilities
- $635
- Net assets
- $247,122
- Revenue
- $176,922
- Expenses
- $176,756
- Net income
- $166