Civic Intelligence

Launch Inc

990 • Fiscal year 2024 • EIN 83-2564017

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

Organization ProfileWWW.LAUNCHCHAPELHILL.COM

View Organization Page

136 E Rosemary Street Suite 100Chapel Hill, NC 27516

(919) 244-2474

Siviq Scores

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

Liabilities / Assets

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Net Margin

67th percentile

18%

Higher net margin than 67% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$113,500

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 33.1% of source-year revenue.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

21%

Faster revenue growth than 69% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$231,506

Down $55,728 (-19%) from 2023

Net Assets

Up

$224,096

Up $62,474 (+39%) from 2023

Liabilities

Down

$7,410

Down $118,202 (-94%) from 2023

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin67th percentile

Revenue

Up

$342,605

Up $58,869 (+21%) from 2023

Expenses

Down

$280,131

Down $40,209 (-13%) from 2023

Net Income

Up

$62,474

Up $99,078 (+271%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2024

Assets$231,506
Liabilities$7,410
Net Assets$224,096
Open 2024 Filing

Operations Trend

Revenue Growth69th 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

2024

Revenue$342,605
Expenses$280,131
Net Income$62,474
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$352,286
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
Savings and Temporary Cash Investments-$100,036-
Cash and Non-Interest-Bearing Accounts$271,299$72,134▼ $199,165
Accounts Receivable-$30,000-
Prepaid Expenses and Deferred Charges$537$29,336▲ $28,799
Land, Buildings, and Equipment, Net$15,398--
Total Assets$287,234$231,506▼ $55,728
Liabilities
Accounts Payable and Accrued Expenses$125,612$7,410▼ $118,202
Total Liabilities$125,612$7,410▼ $118,202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$161,622$210,596▲ $48,974
Net Assets With Donor Restrictions-$13,500-
Total Net Assets Fund Balance$161,622$224,096▲ $62,474
Total Liabilities and Net Assets / Fund Balance$287,234$231,506▼ $55,728
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tim FloodExecutive DiFT$113,500$113,500
Ian BatutisExecutive DiFT$9,833$9,833

Board Members and Trustees

NameTitle
Sheryl WaddellBoard Chair
Daniel SalazarDirector
David PutnamDirector
Elaine BolleDirector
Jan DavisDirector
Lennon CianciulliDirector
Leslie JumpDirector
Scott MaitlandDirector
Steve BrantleyDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Tim FloodExec Dir Comp2209 WRIGHT AVENUE, Greensboro, NC 27403$113,500
Revenue and Support

Revenue Composition

Contributions and Grants
$349,250
Program Service Revenue
$3,000
Investment Income
$-9,645
Other Revenue
$0
All Other Contributions
$22,250
Change in Net Assets
$62,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,081
Salaries, Compensation, and Employee Benefits$117,550
Grants and Similar Amounts Paid$37,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$107,239--$107,239
Fees for Services Other$55,125--$55,125
Grants to Domestic Individuals$37,500--$37,500
Occupancy-$14,690-$14,690
Payroll Taxes$9,891--$9,891
Fees for Services Legal-$8,800-$8,800
Depreciation Depletion-$7,436-$7,436
Conferences and Meetings$4,304--$4,304
Office Expenses-$3,893-$3,893
Other Expenses$7,226$3,831-$3,831
Insurance-$2,839-$2,839
All Other Expenses$1,165$552-$1,717
Other Salaries and Wages$420--$420
Travel$30--$30
Total Functional Expenses$233,740$46,391$0$280,131
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
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, Page 6, Part VI, Line 11B

“The return will be reviewed by the treasurer and the program director before signing.”

Form 990, Page 6, Part VI, Line 12C

“Each director and non-director member is required annually sign a statement confirming reciept of the conflict of interest policy. Per policy, they are required to disclose the existance of a conflict of interest in any proposed transaction. Based on the information, the board of directors shall determine whether a conflict of interest exists. If a conflict of interest exists, the interested person shall not vote on the issue.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

Form 990, Part VII

“Tim flood was replaced as executive director by ian baltutis in december of 2023. Mr. Baltutis left the organization in october of 2024 and emil runge became the executive director in january 2025. Though mr. Runge is listed as the current executive director of launch inc, he had no reportable wages in 2023 or 2024.”

Filing and Contact Details

Filer

Filer Name
Launch Inc
EIN
83-2564017
Phone
9192442474
Address
136 E ROSEMARY STREET SUITE 100, CHAPEL HILL, NC 27516

Signing Officer

Name
Emil Runge
Title
Executive Director
Phone
7632180266
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emil Runge
Formed
2018
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
20

Preparer

Firm
Langdon & Company Llp
Address
223 US HIGHWAY 70 EAST SUITE 100, GARNER, NC 27529-4051
Preparer
Susan Dean
Phone
9196621001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Part IX, Line 11G

“OTHER FEES 55,125 0 0”

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0176808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0153686
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01268209
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt037500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT STIPENDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0LAUNCH, INC. HOLDS REGULAR MEETING/DISCUSSIONS REGARDING PROGRAM EFFICIENCY AS IT RELATES TO GRANT FUNDING AND ASSISTANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAUNCH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN WILL BE REVIEWED BY THE TREASURER AND THE PROGRAM DIRECTOR BEFORE SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR AND NON-DIRECTOR MEMBER IS REQUIRED ANNUALLY SIGN A STATEMENT CONFIRMING RECIEPT OF THE CONFLICT OF INTEREST POLICY. PER POLICY, THEY ARE REQUIRED TO DISCLOSE THE EXISTANCE OF A CONFLICT OF INTEREST IN ANY PROPOSED TRANSACTION. BASED ON THE INFORMATION, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON SHALL NOT VOTE ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TIM FLOOD WAS REPLACED AS EXECUTIVE DIRECTOR BY IAN BALTUTIS IN DECEMBER OF 2023. MR. BALTUTIS LEFT THE ORGANIZATION IN OCTOBER OF 2024 AND EMIL RUNGE BECAME THE EXECUTIVE DIRECTOR IN JANUARY 2025. THOUGH MR. RUNGE IS LISTED AS THE CURRENT EXECUTIVE DIRECTOR OF LAUNCH INC, HE HAD NO REPORTABLE WAGES IN 2023 OR 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES 55,125 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0136 E ROSEMARY STREET SUITE 100
IRS990/USAddress/CityNm0CHAPEL HILL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027516
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.LAUNCHCHAPELHILL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EMIL RUNGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07632180266
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0832564017
ReturnHeader/Filer/PhoneNum09192442474
ReturnHeader/Filer/USAddress/AddressLine1Txt0136 E ROSEMARY STREET SUITE 100
ReturnHeader/Filer/USAddress/CityNm0CHAPEL HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027516
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561743537
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LANGDON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0223 US HIGHWAY 70 EAST SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GARNER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0275294051
ReturnHeader/PreparerPersonGrp/PhoneNum09196621001
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN DEAN
ReturnHeader/ReturnTs02025-05-12T11:14:54-04:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$231,506
Liabilities
$7,410
Net assets
$224,096
Revenue
$342,605
Expenses
$280,131
Net income
$62,474
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