Civic Intelligence

Launchspace

990 • Fiscal year 2024 • EIN 81-4826723

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 12, 2025

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

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

76th percentile

$71,228

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

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

Asset Growth

87th percentile

48%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

75th percentile

33%

Faster revenue growth than 75% of similar nonprofits.

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

Assets

Up

$521,179

Up $168,058 (+48%) from 2023

Net Assets

Up

$470,241

Up $143,763 (+44%) from 2023

Liabilities

Up

$50,938

Up $24,295 (+91%) from 2023

Revenue

Up

$684,799

Up $170,080 (+33%) from 2023

Expenses

Up

$541,625

Up $140,835 (+35%) from 2023

Net Income

Up

$143,174

Up $29,245 (+26%) from 2023

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

2024

Assets$521,179
Liabilities$50,938
Net Assets$470,241

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

2024

Revenue$684,799
Expenses$541,625
Net Income$143,174
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$684,799
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$266,395$270,867▲ $4,472
Accounts Receivable$169$216,806▲ $216,637
Cash and Non-Interest-Bearing Accounts$78,176$33,118▼ $45,058
Savings and Temporary Cash Investments$8,381$388▼ $7,993
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$353,121$521,179▲ $168,058
Other Assets Total$0--
Liabilities
Unsecured Notes Loans Payable$26,443$25,969▼ $474
Accounts Payable and Accrued Expenses$200$24,969▲ $24,769
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$26,643$50,938▲ $24,295
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$326,478$253,701▼ $72,777
Net Assets With Donor Restrictions$0$216,540▲ $216,540
Total Net Assets Fund Balance$326,478$470,241▲ $143,763
Total Liabilities and Net Assets / Fund Balance$353,121$521,179▲ $168,058

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$55,592$14,914$0
Leasehold Improvements$215,275$34,000$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brianna DrohenPresident and CEOFT$66,094$5,134$71,228

Board Members and Trustees

NameTitle
Courtney FifieldBoard Chair
Alec MacleodVice president
Kristin LeuDirector
Sarah AdamsDirector
Tanya QuinnDirector
Melissa RancourtSecretary
Mark WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$660,550
Program Service Revenue
$24,242
Investment Income
$7
Other Revenue
$0
All Other Contributions
$141,667
Change in Net Assets
$143,174

Audited Revenue Reconciliation

Revenue per Audited Statements
$566,287
Revenue Not Reported on Financial Statements
$118,512
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$118,512
Total Revenue per Audited Statements
$566,287
Total Revenue per Form 990
$684,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,807
Salaries, Compensation, and Employee Benefits$231,818
Total Fundraising Expense$529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$133,670$21,853$0$155,523
Other Salaries and Wages$45,040$91,734-$136,774
Current Officers, Directors, Trustees, and Key Employees$21,765$44,329$0$66,094
Payroll Taxes$7,843$15,973$0$23,816
Occupancy$8,417$10,225$0$18,642
Fees for Services Accounting$15,730$964$0$16,694
Depreciation Depletion$13,809$2,663$0$16,472
Office Expenses$6,436$7,715$250$14,401
Advertising$1,897$6,590$100$8,587
Conferences and Meetings$6,399$877$0$7,276
Insurance$0$6,699$0$6,699
Other Expenses$1,776$3,380$0$5,156
Other Employee Benefits$1,691$3,443$0$5,134
Interest$0$725$0$725
Total Functional Expenses$282,457$258,639$529$541,625

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$541,625
Expenses per Audited Statements$529,755
Total Expenses per Audited Statements$529,755
Expenses Not Reported on Financial Statements$11,870
Other Expense Adjustments$11,870
Expenses Not Reported on Form 990$0
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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 A, Line 6

All members have access to all the equipment, trained staff, and experienced mentors. Members do not have any governance rights or responsibilities. Members do not have voting rights in corporate matters.

Form 990, Part VI, Section B, Line 11B

The Executive Director reviews the Form 990 and provides it to the board of directors prior to the Executive Director filing the return.

Form 990, Part VI, Section B, Line 15

The board of directors determined the Executive Director's salary based on industry norms for their region.

Form 990, Part VI, Section C, Line 19

Documents for public disclosure are provided to requestors upon their written or email request.

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
Mark Wright
Title
CFO
Phone
9786335131
Signed
2025-11-12

Organization Details

Principal Officer
Brianna Drohen
Formed
2017
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
16
Volunteers
19
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional services: Program instructors and consultants - Total $86,837; Program $68,950; Mngmt $17,887. Grant administration - Total $38,667; Program $36,434; Mngmt $2,233. Design services - Total $25,571; Program $24,095; Mngmt $1,476. Facility repairs and maintenance - Total $4,448; Program $4,191; Mngmt $257

Financial Statement Notes

Schedule D, Part XI, Line 4B

The prior year 990 omitted accounts receivable of $118,512 from the balance sheet. This amount is included on the current Form 990, Part VIII to account for the revenue that was erroneously omitted in 2023.

Schedule D, Part XII, Line 4B

The prior year 990 omitted accounts payable of $11,869 from the balance sheet. This amount is included on the current Form 990, Part IX to account for the expenses that were erroneously omitted in 2023. $1 of rounding is also included on Schedule D, Part XII, Line 4b.

Raw XML AppendixShowing 400 of 677 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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IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt06699
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0725
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt0725
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt048914
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0266395
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0270867
IRS990/LandBldgEquipCostOrOtherBssAmt0319781
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt033090
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0LaunchSpace 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0326478
IRS990/NetAssetsOrFundBalancesEOYAmt0470241
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0326478
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0253701
IRS990/NoncashContributionsAmt019589
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010225
IRS990/OccupancyGrp/ProgramServicesAmt08417
IRS990/OccupancyGrp/TotalAmt018642
IRS990/OfficeExpensesGrp/FundraisingAmt0250
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07715
IRS990/OfficeExpensesGrp/ProgramServicesAmt06436
IRS990/OfficeExpensesGrp/TotalAmt014401
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03443
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01691
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05134
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Equipment expense
IRS990/OtherExpensesGrp/Desc2Other program expenses
IRS990/OtherExpensesGrp/Desc3Equipment repairs and maintenance
IRS990/OtherExpensesGrp/FundraisingAmt0179
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029034
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212435
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33380
IRS990/OtherExpensesGrp/ProgramServicesAmt01163
IRS990/OtherExpensesGrp/ProgramServicesAmt116589
IRS990/OtherExpensesGrp/ProgramServicesAmt2232
IRS990/OtherExpensesGrp/ProgramServicesAmt31776
IRS990/OtherExpensesGrp/TotalAmt030376
IRS990/OtherExpensesGrp/TotalAmt116589
IRS990/OtherExpensesGrp/TotalAmt212667
IRS990/OtherExpensesGrp/TotalAmt35156
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt091734
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045040
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136774
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015973
IRS990/PayrollTaxesGrp/ProgramServicesAmt07843
IRS990/PayrollTaxesGrp/TotalAmt023816
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Brianna Drohen
IRS990/PriorPeriodAdjustmentsAmt0589
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Class and program registrations
IRS990/ProgramServiceRevenueGrp/Desc1Facility and equipment rentals
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous program revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014002
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17080
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23160
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0487481
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0305700
IRS990/PYOtherRevenueAmt0-930
IRS990/PYProgramServiceRevenueAmt028159
IRS990/PYRevenuesLessExpensesAmt0113929
IRS990/PYSalariesCompEmpBnftPaidAmt095090
IRS990/PYTotalExpensesAmt0400790
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0514719
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00

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