Civic Intelligence

Launch Asia Ministries

990EZ • Fiscal year 2020 • EIN 82-3015804

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 21, 2021

Organization ProfileN/A
801 S Bridgefarmer RdMcKinney, TX 75069

(469) 258-6071

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

39th percentile

-0.7%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

78th percentile

$3,500

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

74th percentile

34%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

2.9%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$31,237

Up $7,854 (+34%) from 2019

Net Assets

Up

$31,237

Up $7,854 (+34%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin39th percentile

Revenue

Up

$67,035

Up $1,911 (+2.9%) from 2019

Expenses

Up

$67,475

Up $25,734 (+62%) from 2019

Net Income

Down

-$440

Down $23,823 (-102%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$40K$30K$20K$10K$0Assets 2019: $23,383Liabilities 2019: $0Net Assets 2019: $23,3832019Assets 2020: $31,237Liabilities 2020: $0Net Assets 2020: $31,2372020Assets 2021: $2,602Liabilities 2021: $0Net Assets 2021: $2,6022021Assets 2022: $36,019Liabilities 2022: $0Net Assets 2022: $36,0192022Assets 2023: $38,072Liabilities 2023: $0Net Assets 2023: $38,0722023Assets 2024: $33,680Net Assets 2024: $33,6802024Assets 2025: $35,339Net Assets 2025: $35,3392025

Highlighted filing

2020

Assets$31,237
Liabilities$0
Net Assets$31,237
Open 2020 Filing

Operations Trend

Revenue Growth67th percentile

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

$150K$100K$50K$0-$50KRevenue 2019: $65,124Expenses 2019: $41,741Net Income 2019: $23,3832019Revenue 2020: $67,035Expenses 2020: $67,475Net Income 2020: -$4402020Revenue 2021: $94,701Expenses 2021: $123,336Net Income 2021: -$28,6352021Revenue 2022: $146,674Expenses 2022: $113,257Net Income 2022: $33,4172022Revenue 2023: $123,623Expenses 2023: $104,209Net Income 2023: $19,4142023Revenue 2024: $96,076Expenses 2024: $100,465Net Income 2024: -$4,3892024Revenue 2025: $53,332Expenses 2025: $51,673Net Income 2025: $1,6592025

Highlighted filing

2020

Revenue$67,035
Expenses$67,475
Net Income-$440
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 21, 2021
Return Version
2020v4.1
Gross Receipts
$67,035
Mission and Program Overview

Mission

By providing mission work in India we help the poor by providing essential needs to communites and help them cope with their needs

Program Services

DescriptionGrantsExpenses
None$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reuben DavidOfficerPT$3,500-$3,500
Tim Schwankl JrDirectorPT$0--
Rachel SchwanklOfficerPT$0--
Filing and Contact Details

Filer

Filer Name
Launch Asia Ministries
EIN
82-3015804
Phone
4692586071
Address
801 S Bridgefarmer Rd, McKinney, TX 75069

Signing Officer

Name
Timothy E Schwankl
Title
President
Phone
4692586071
Signed
2021-02-21

Preparer

Firm
Joe C Hockaday CPA
Address
9555 Lebanon Suite 302, Frisco, TX 75035
Preparer
Joe C Hockaday CPA PC
Phone
2147052095
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Donations and Supplies 67475.”

Raw XML Appendix148 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Tim Schwankl
IRS990EZ/BooksInCareOfDetail/PhoneNum04692586071
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0801 Bridgefarmer Rd
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0McKinney
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075069
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt031677
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt031237
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt067035
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-440
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt031677
IRS990EZ/Form990TotalAssetsGrp/EOYAmt031237
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt067035
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt031677
IRS990EZ/NetAssetsOrFundBalancesEOYAmt031237
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt031677
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt031237
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt115.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt215.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt13500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Tim Schwankl Jr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Reuben David
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Rachel Schwankl
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Officer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt067475
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0By providing mission work in India we help the poor by providing essential needs to communites and help them cope with their needs
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0None
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt067475
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt067035
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt067035
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt065124
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0132159
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0132159
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt067035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt065124
IRS990ScheduleA/Total509Grp/TotalAmt0132159
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0132159
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Donations and Supplies 67475.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy E Schwankl
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04692586071
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Launch Asia Ministries
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0823015804
ReturnHeader/Filer/PhoneNum04692586071
ReturnHeader/Filer/USAddress/AddressLine1Txt0801 S Bridgefarmer Rd
ReturnHeader/Filer/USAddress/CityNm0McKinney
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOE C HOCKADAY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09555 Lebanon Suite 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Frisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075035
ReturnHeader/PreparerPersonGrp/PhoneNum02147052095
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joe C Hockaday CPA PC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-07-19T11:16:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Timothy
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Schwankl
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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.

Open filing
Assets
$31,237
Liabilities
$0
Net assets
$31,237
Revenue
$67,035
Expenses
$67,475
Net income
-$440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.35$0.35$0.53$0.52$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.34$0.96$1.00$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$1.24$1.04$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.47$1.13$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.95$1.23$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.67$0.67$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.65$0.42$0.23