Launchspace Inc

990EZ • Fiscal year 2019 • EIN 81-4826723

Jan 01, 2019 to Dec 31, 2019 • Filed on Dec 17, 2020

Organization Profile WWW.LAUNCHSPACE.COM

131 West Main Street No 342Orange, MA 01364

(877) 829-5500

Siviq Scores

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

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

76%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

111%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

-34%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets59th percentile

Assets

$247,540

Up $130,234 (+111%) from 2018

Net Assets

$246,956

Up $129,650 (+111%) from 2018

Liabilities

$584

Up $584 from 2018

Revenue And Expenses

Liabilities / Revenue61st percentile Net Margin96th percentile

Revenue

Down

$170,392

Down $86,604 (-34%) from 2018

Expenses

Down

$40,742

Down $85,387 (-68%) from 2018

Net Income

Down

$129,650

Down $1,217 (-0.9%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

Highlighted filing

2019

Assets$247,540

Liabilities$584

Net Assets$246,956

Open 2019 Filing

Operations Trend

Revenue Growth16th percentile

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

Highlighted filing

2019

Revenue$170,392

Expenses$40,742

Net Income$129,650

Open 2019 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Dec 17, 2020
Return Version: 2019v5.1
Gross Receipts: $170,392

Mission and Program Overview

Mission

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.

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	$0

Compensation and Service Providers

Top Officer Pay77th percentile

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: 2020-12-17
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: 136,500.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 2,045. Description: other expenses. Amount: 1,663. Total to form 990-ez, line 14: 3,708.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: infrastructure expenses. Amount: 16,459. Description: office expenses. Amount: 14,115. Description: insurance. Amount: 5,515. Description: communications. Amount: 584. Description: travel and conventions. Amount: 361. Total to form 990-ez, line 16: 37,034.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: accounts receivable. Beg. Of year amount: 13,560. End of year amount: 0.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 584.”

Raw XML Appendix164 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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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	103746
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	310
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	33892
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
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IRS990EZ/ExcessOrDeficitForYearAmt	0	129650
IRS990EZ/FiledScheduleAInd	0	1
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IRS990EZ/GrossReceiptsAmt	0	170392
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	247230
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	117306
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	246956
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	117306
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	246956
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	2.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	2.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
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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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
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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/OtherAssetsTotalDetail/BOYAmt	0	13560
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	37034
IRS990EZ/OtherRevenueTotalAmt	0	136500
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/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	0
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	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	584
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	40742
IRS990EZ/TotalRevenueAmt	0	170392
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.LAUNCHSPACE.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	38790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	256631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	295421
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	295421
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	38790
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	295421
IRS990ScheduleA/TotalSupportAmt	0	295421
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: GRANTS. AMOUNT: 136,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: DEPRECIATION. AMOUNT: 2,045. DESCRIPTION: OTHER EXPENSES. AMOUNT: 1,663. TOTAL TO FORM 990-EZ, LINE 14: 3,708.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: INFRASTRUCTURE EXPENSES. AMOUNT: 16,459. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 14,115. DESCRIPTION: INSURANCE. AMOUNT: 5,515. DESCRIPTION: COMMUNICATIONS. AMOUNT: 584. DESCRIPTION: TRAVEL AND CONVENTIONS. AMOUNT: 361. TOTAL TO FORM 990-EZ, LINE 16: 37,034.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 13,560. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 584.
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 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	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/BuildTS	0	2021-04-22 16:20:28Z
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ReturnHeader/BusinessOfficerGrp/PersonNm	0	MARK WRIGHT
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ReturnHeader/Filer/BusinessNameControlTxt	0	LAUN
ReturnHeader/Filer/EIN	0	814826723
ReturnHeader/Filer/PhoneNum	0	8778295500
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ReturnHeader/Filer/USAddress/CityNm	0	ORANGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MA
ReturnHeader/Filer/USAddress/ZIPCd	0	01364
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
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ReturnHeader/FilingSecurityInformation/IPDt	0	2020-12-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	ES
ReturnHeader/FilingSecurityInformation/IPTm	0	12:37:21
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	2020-12-17T11:37:33-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2019-01-01
ReturnHeader/TaxPeriodEndDt	0	2019-12-31
ReturnHeader/TaxYr	0	2019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $247,540
Liabilities: $584
Net assets: $246,956
Revenue: $170,392
Expenses: $40,742
Net income: $129,650

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$5.21	$0.51	$4.70	$6.85	$5.42	$1.43
2023Detailed filing. Detailed filing data is available for this year.	$3.53	$0.27	$3.26	$5.15	$4.01	$1.14
2022Detailed filing. Detailed filing data is available for this year.	$3.22	$0.30	$2.92	$1.98	$1.77	$0.21
2021Detailed filing. Detailed filing data is available for this year.	$2.96	$0.25	$2.71	$0.96	$0.72	$0.24
2020Detailed filing. Detailed filing data is available for this year.	$2.48	$0.01	$2.47	$1.77	$1.77	$0.00
2019Detailed filing. Detailed filing data is available for this year.	$2.48	$0.01	$2.47	$1.70	$0.41	$1.30
2018Detailed filing. Detailed filing data is available for this year.	$1.17	$0.00	$1.17	$2.57	$1.26	$1.31