Civic Intelligence

Launchspace

990EZ • Fiscal year 2021 • EIN 81-4826723

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

131 West Main Street Suite 342Orange, MA 01364

(978) 633-5131

Siviq Scores

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

Liabilities / Assets

76th percentile

0.08x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.26x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

70th percentile

25%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

85th percentile

$20,447

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

65th percentile

20%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-46%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$296,222

Up $48,465 (+20%) from 2020

Net Assets

Up

$271,222

Up $24,100 (+9.8%) from 2020

Liabilities

Up

$25,000

Up $24,365 (+3837%) from 2020

Revenue

Down

$96,241

Down $80,681 (-46%) from 2020

Expenses

Down

$72,141

Down $104,615 (-59%) from 2020

Net Income

Up

$24,100

Up $23,934 (+14418%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $117,306Liabilities 2018: $0Net Assets 2018: $117,3062018Assets 2019: $247,540Liabilities 2019: $584Net Assets 2019: $246,9562019Assets 2020: $247,757Liabilities 2020: $635Net Assets 2020: $247,1222020Assets 2021: $296,222Liabilities 2021: $25,000Net Assets 2021: $271,2222021Assets 2022: $322,134Liabilities 2022: $30,273Net Assets 2022: $291,8612022Assets 2023: $353,121Liabilities 2023: $26,643Net Assets 2023: $326,4782023Assets 2024: $521,179Liabilities 2024: $50,938Net Assets 2024: $470,2412024

Highlighted filing

2021

Assets$296,222
Liabilities$25,000
Net Assets$271,222

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2018: $256,996Expenses 2018: $126,129Net Income 2018: $130,8672018Revenue 2019: $170,392Expenses 2019: $40,742Net Income 2019: $129,6502019Revenue 2020: $176,922Expenses 2020: $176,756Net Income 2020: $1662020Revenue 2021: $96,241Expenses 2021: $72,141Net Income 2021: $24,1002021Revenue 2022: $197,709Expenses 2022: $177,070Net Income 2022: $20,6392022Revenue 2023: $514,719Expenses 2023: $400,790Net Income 2023: $113,9292023Revenue 2024: $684,799Expenses 2024: $541,625Net Income 2024: $143,1742024

Highlighted filing

2021

Revenue$96,241
Expenses$72,141
Net Income$24,100
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$99,362
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 is a non-profit, member-based community workshop. We provide tools, equipment, education, and support to people who want to make and repair things, but don't have space, money, or time to build a shop of their own.

Program Services

DescriptionGrantsExpenses
A member-based community workshop in the Orange Innovation Center, providing tools, equipment, education, and support to people who want to make and repair things, but don't have space, money, or time to build a shop of their own. It offers an environment to share creative energy, a classroom for personal learning for all ages, and workforce training for re-entry into the job market.$0$15,382
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRIANNA DROHENPresident And CEOFT$18,462$1,985$20,447
MELISSA RANCOURTSecretary-$5,060-$5,060
ANTHONY NOVAKDirector-$622-$622
COURTNEY FIFIELDBoard Chair-$0--
MARK WRIGHTTreasurer-$0--
ALEC MACLEODDirector-$0--
SARAH ADAMSDirector-$0--
EMILY CORBONARADirector-$0--
TRISH KEENANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Launchspace Inc
EIN
81-4826723
Phone
9786335131
Address
131 WEST MAIN STREET SUITE 342, ORANGE, MA 01364

Signing Officer

Name
Brianna Drohen
Title
President
Phone
9786335131
Signed
2022-11-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Miscellaneous income

Form 990-EZ, Part I, Line 16

Description;Amount^Communications;1763|Program Supplies;6289|Program Marketing;1845|Other Supplies;2668|Dues and Subscriptions;2413|Travel and Conventions;125|Insurance;4711|Other Marketing;45|Bank and Credit Card Processing Fees;1031|Infrastructure Expense;372^Total;21262^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^SBA EIDL;25000^Total;25000^

Raw XML Appendix210 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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ReasonableCauseExplanation/ExplanationTxt0RETURN NOT FILED LATE. EXTENSION FILED AND ACCEPTED IN A TIMELY MANNER.
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ReturnHeader/Filer/EIN0814826723
ReturnHeader/Filer/PhoneNum09786335131
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ReturnHeader/Filer/USAddress/CityNm0ORANGE
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ReturnHeader/Filer/USAddress/ZIPCd001364
ReturnHeader/ReturnTs02022-11-14T16:47:35-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings