Civic Intelligence

Launch Inc

990 • Fiscal year 2021 • EIN 83-2564017

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileN/A
405 Martin Luther King Jr BlvdChapel Hill, NC 27514

(919) 969-5010

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Higher debt load relative to assets than 55% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Net Margin

34th percentile

-0.4%

Higher net margin than 34% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Asset Growth

38th percentile

-0.8%

Faster asset growth than 38% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

4.8%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$206,348

Down $1,561 (-0.8%) from 2020

Net Assets

Down

$205,348

Down $927 (-0.4%) from 2020

Liabilities

Down

$1,000

Down $634 (-39%) from 2020

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin34th percentile

Revenue

Up

$228,695

Up $10,472 (+4.8%) from 2020

Expenses

Down

$229,622

Down $23,132 (-9.2%) from 2020

Net Income

Up

-$927

Up $33,604 (+97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$300K$200K$100K$0Assets 2019: $257,038Liabilities 2019: $16,232Net Assets 2019: $240,8062019Assets 2020: $207,909Liabilities 2020: $1,634Net Assets 2020: $206,2752020Assets 2021: $206,348Liabilities 2021: $1,000Net Assets 2021: $205,3482021Assets 2022: $198,226Liabilities 2022: $0Net Assets 2022: $198,2262022Assets 2023: $287,234Liabilities 2023: $125,612Net Assets 2023: $161,6222023Assets 2024: $231,506Liabilities 2024: $7,410Net Assets 2024: $224,0962024Assets 2025: $298,452Liabilities 2025: $138,746Net Assets 2025: $159,7062025

Highlighted filing

2021

Assets$206,348
Liabilities$1,000
Net Assets$205,348
Open 2021 Filing

Operations Trend

Revenue Growth53rd percentile

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

$400K$200K$0-$200KRevenue 2019: $358,458Expenses 2019: $117,652Net Income 2019: $240,8062019Revenue 2020: $218,223Expenses 2020: $252,754Net Income 2020: -$34,5312020Revenue 2021: $228,695Expenses 2021: $229,622Net Income 2021: -$9272021Revenue 2022: $275,579Expenses 2022: $282,701Net Income 2022: -$7,1222022Revenue 2023: $283,736Expenses 2023: $320,340Net Income 2023: -$36,6042023Revenue 2024: $342,605Expenses 2024: $280,131Net Income 2024: $62,4742024Revenue 2025: $278,208Expenses 2025: $342,598Net Income 2025: -$64,3902025

Highlighted filing

2021

Revenue$228,695
Expenses$229,622
Net Income-$927
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$228,695
Mission and Program Overview

Mission

Launch Inc was founded to provide co-working space and resources for businesses in Orange County. With the support of our partners, Launch seeks to maximize the potential of start-ups and create jobs in Orange County through the Launch program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$206,275$205,348▼ $927
Land, Buildings, and Equipment, Net$169,470$150,776▼ $18,694
Cash and Non-Interest-Bearing Accounts$29,967$55,572▲ $25,605
Accounts Receivable$8,472$0▼ $8,472
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$207,909$206,348▼ $1,561
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,634$1,000▼ $634
Total Liabilities$1,634$1,000▼ $634
Net Assets / Fund Balance
Total Net Assets Fund Balance$206,275$205,348▼ $927
Total Liabilities and Net Assets / Fund Balance$207,909$206,348▼ $1,561

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$130,809$24,097$154,906
Other Land Buildings$18,542$21,627$40,169
Equipment$1,425$3,142$4,567
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Michelle BolasChairman
Dwight BassetBoard Member
Steve BrantleySecretary
Laura SelmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$176,808
Program Service Revenue
$51,887
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,808
Change in Net Assets
$-927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,622
Grants and Similar Amounts Paid$7,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$167,050--$167,050
Depreciation Depletion$18,694--$18,694
Information Technology$4,988$5,477-$10,465
Fees for Services Legal-$9,600-$9,600
Grants to Domestic Orgs$7,000--$7,000
Office Expenses-$5,303-$5,303
Insurance-$2,940-$2,940
Other Expenses$450$1,234-$450
All Other Expenses-$372-$372
Advertising-$18-$18
Total Functional Expenses$202,178$27,444$0$229,622
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

“The return will be reviewed by the Treasurer and the Program Director before signing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Launch
EIN
83-2564017
Phone
9199695010
Address
405 Martin Luther King Jr Blvd, Chapel Hill, NC 27514

Signing Officer

Name
Laura Selmer
Title
Treasurer
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Holliday PLLC
Address
102 MARKET ST STE 100, CHAPEL HILL, NC 27516
Preparer
Jeffrey Edgington CPA
Phone
9199290595
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Selmer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Launch
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0832564017
ReturnHeader/Filer/PhoneNum09199695010
ReturnHeader/Filer/USAddress/AddressLine1Txt0405 Martin Luther King Jr Blvd
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Holliday PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0102 MARKET ST STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAPEL HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum09199290595
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Edgington CPA
ReturnHeader/ReturnTs02022-05-16T11:47:39-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Laura
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Selmer
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$206,348
Liabilities
$1,000
Net assets
$205,348
Revenue
$228,695
Expenses
$229,622
Net income
-$927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.98$1.39$1.60$2.78$3.43$0.64
2024Detailed filing. Detailed filing data is available for this year.$2.32$0.07$2.24$3.43$2.80$0.62
2023Detailed filing. Detailed filing data is available for this year.$2.87$1.26$1.62$2.84$3.20$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$2.76$2.83$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$2.29$2.30$0.01
2020Summary only. Only limited summary data is available for this year.$2.08$0.02$2.06$2.18$2.53$0.35
2019Summary only. Only limited summary data is available for this year.$2.57$0.16$2.41$3.58$1.18$2.41