Civic Intelligence

Launchspace Inc

990 • Fiscal year 2022 • EIN 81-4826723

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileWWW.LAUNCHSPACE.COM
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

79th percentile

0.09x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.15x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

59th percentile

10%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$51,624

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 26.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

105%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$322,134

Up $25,912 (+8.7%) from 2021

Net Assets

Up

$291,861

Up $20,639 (+7.6%) from 2021

Liabilities

Up

$30,273

Up $5,273 (+21%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin59th percentile

Revenue

Up

$197,709

Up $101,468 (+105%) from 2021

Expenses

Up

$177,070

Up $104,929 (+145%) from 2021

Net Income

Down

$20,639

Down $3,461 (-14%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

2022

Assets$322,134
Liabilities$30,273
Net Assets$291,861
Open 2022 Filing

Operations Trend

Revenue Growth84th percentile

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

2022

Revenue$197,709
Expenses$177,070
Net Income$20,639
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$211,667
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$234,448$228,057▼ $6,391
Accounts Receivable-$84,585-
Cash and Non-Interest-Bearing Accounts$32,482$5,970▼ $26,512
Savings and Temporary Cash Investments$29,292$3,522▼ $25,770
Loans From Officers Directors$0$0→ $0
Total Assets$296,222$322,134▲ $25,912
Liabilities
Unsecured Notes Loans Payable$25,000$25,000→ $0
Accounts Payable and Accrued Expenses$0$5,273▲ $5,273
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$25,000$30,273▲ $5,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$271,222$291,861▲ $20,639
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$271,222$291,861▲ $20,639
Total Liabilities and Net Assets / Fund Balance$296,222$322,134▲ $25,912

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$228,057$21,218$0
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brianna DrohenPresident and CEOFT$45,393$6,231$51,624

Board Members and Trustees

NameTitle
Courtney FifieldBoard Chair
Alec MacleodDirector
Anthony NovakDirector
Emily CorbonaraDirector
Sarah AdamsDirector
Trish KeenanDirector
Melissa RancourtSecretary
Mark WrightTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$132,890
Program Service Revenue
$69,724
Investment Income
$8
Other Revenue
$-4,913
All Other Contributions
$12,315
Change in Net Assets
$20,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,228
Salaries, Compensation, and Employee Benefits$71,092
Grants and Similar Amounts Paid$750
Total Fundraising Expense$133
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$55,878$11,143-$67,021
Current Officers, Directors, Trustees, and Key Employees-$45,393-$45,393
Payroll Taxes-$19,468-$19,468
Office Expenses$3,651$10,222-$13,873
Other Expenses$7,365$925$0$8,290
Other Employee Benefits-$6,231-$6,231
Insurance-$5,238-$5,238
Advertising$1,157$3,002-$4,159
Conferences and Meetings$2,821$1,023-$3,844
Fees for Services Accounting-$1,390-$1,390
Travel$142$995$133$1,270
Grants to Domestic Individuals$750--$750
Fees for Services Legal-$143-$143
Total Functional Expenses$71,764$105,173$133$177,070
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 of 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 from their region.”

Form 990, Part VI, Section C, Line 19

“Documents for Public Disclosure are provided to requesters upon written or email request.”

Filing and Contact Details

Filer

Filer Name
Launchspace
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
2023-11-13

Organization Details

Principal Officer
Brianna Drohen
Formed
2017
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other Professional Fees relate to program instructors and coordinators totaling $55,878, Consultants for a Feasibility Study totaling $4,945, administrative services totaling $4,200, facilities services totaling $1,400, and temporary help totaling $598”

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IRS990/OtherExpensesGrp/TotalAmt08290
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt0553
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019468
IRS990/PayrollTaxesGrp/TotalAmt019468
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Brianna Drohen
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813990
IRS990/ProgramServiceRevenueGrp/Desc0Class & Program Registrations
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069724
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt073065
IRS990/PYExcessBenefitTransInd00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt049706
IRS990/PYOtherRevenueAmt06318
IRS990/PYProgramServiceRevenueAmt016853
IRS990/PYRevenuesLessExpensesAmt024100
IRS990/PYSalariesCompEmpBnftPaidAmt022435
IRS990/PYTotalExpensesAmt072141
IRS990/PYTotalRevenueAmt096241
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt020639
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0-5466
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt069724
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029292
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0203167
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt081823
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt076922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt033892
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0256631
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0652435
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0-5466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt017534
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013
IRS990ScheduleA/InvestmentIncomeCYPct00.00002
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99998
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0664503
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0197701
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt099357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt076922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt033892
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0256631
IRS990ScheduleA/Total509Grp/TotalAmt0664503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0197709
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt099362
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt076922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt033892
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0256631
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0664516
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0228057
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021218
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0249275
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0228057
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All members have access to all of 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Director reviews the Form 990 and provides it to the board of directors prior to the Executive Director filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors determined the Executive Director's salary based on industry norms from their region.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents for Public Disclosure are provided to requesters upon written or email request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Professional Fees relate to program instructors and coordinators totaling $55,878, Consultants for a Feasibility Study totaling $4,945, administrative services totaling $4,200, facilities services totaling $1,400, and temporary help totaling $598
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$322,134
Liabilities
$30,273
Net assets
$291,861
Revenue
$197,709
Expenses
$177,070
Net income
$20,639
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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