Civic Intelligence

Launch Inc

990 • Fiscal year 2022 • EIN 83-2564017

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

53rd percentile

0.00x

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

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.00x

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

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Net Margin

35th percentile

-2.6%

Higher net margin than 35% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

40th percentile

-3.9%

Faster asset growth than 40% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

21%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$198,226

Down $8,122 (-3.9%) from 2021

Net Assets

Down

$198,226

Down $7,122 (-3.5%) from 2021

Liabilities

Down

$0

Down $1,000 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin35th percentile

Revenue

Up

$275,579

Up $46,884 (+21%) from 2021

Expenses

Up

$282,701

Up $53,079 (+23%) from 2021

Net Income

Down

-$7,122

Down $6,195 (-668%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2022

Assets$198,226
Liabilities$0
Net Assets$198,226
Open 2022 Filing

Operations Trend

Revenue Growth60th 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

2022

Revenue$275,579
Expenses$282,701
Net Income-$7,122
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.1
Gross Receipts
$275,579
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$205,348$198,226▼ $7,122
Land, Buildings, and Equipment, Net$150,776$134,444▼ $16,332
Cash and Non-Interest-Bearing Accounts$55,572$63,257▲ $7,685
Accounts Receivable-$525-
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$206,348$198,226▼ $8,122
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,000--
Total Liabilities$1,000$0▼ $1,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$205,348$198,226▼ $7,122
Total Liabilities and Net Assets / Fund Balance$206,348$198,226▼ $8,122

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$120,344$34,562$154,906
Other Land Buildings$13,245$26,924$40,169
Equipment$855$3,712$4,567
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Michelle BolasChairman
Steve BrantleySecretary
Laura SelmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,000
Program Service Revenue
$53,579
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-7,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,701
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$116,056--$116,056
Depreciation Depletion$16,332--$16,332
Fees for Services Legal-$9,600-$9,600
Information Technology$2,949$5,251-$8,200
Grants to Domestic Orgs$7,000--$7,000
Office Expenses-$6,939-$6,939
Insurance-$2,954-$2,954
Other Expenses$110,084$725-$725
Advertising-$38-$38
Total Functional Expenses$252,421$30,280$0$282,701
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
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
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
Tim Flood
Title
Executive Director
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
15

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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IRS990/TotalAssetsGrp/EOYAmt0198226
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0222000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252421
IRS990/TotalFunctionalExpensesGrp/TotalAmt0282701
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01000
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0198226
IRS990/TotalProgramServiceExpensesAmt0252421
IRS990/TotalProgramServiceRevenueAmt053579
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053579
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0275579
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0206348
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0198226
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0Chapel Hill
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027514
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tim Flood
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
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/Filer/USAddress/ZIPCd027514
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475468552
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Holliday PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0102 MARKET ST STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAPEL HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027516
ReturnHeader/PreparerPersonGrp/PhoneNum09199290595
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Edgington CPA
ReturnHeader/ReturnTs02023-05-15T09:05:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Tim
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Flood
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$198,226
Liabilities
$0
Net assets
$198,226
Revenue
$275,579
Expenses
$282,701
Net income
-$7,122
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