Civic Intelligence

Launch Academy Inc

EIN 83-4172296 • 501(c)3 • Brazil, IN

Profile

Launch Academy educates pre kindergarten students in life skills, kindergarten curriculum and social skills to prepare these students for entrance to public schools with an emphasis on good character skills.

7909 N Crestwood LaneBrazil, IN 47834

launchacademy.wixsite.com/prek

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

57th percentile

5.6%

Higher net margin than 57% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

50th percentile

-0.9%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$45,800

Up $4,396 (+11%) from 2023

Liabilities

Down

$1,794

Down $4,938 (-73%) from 2023

Net Assets

Up

$44,006

Up $9,334 (+27%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin57th percentile

Revenue

Down

$172,817

Down $16,863 (-8.9%) from 2023

Expenses

Down

$163,484

Down $42,230 (-21%) from 2023

Net Income

Up

$9,333

Up $25,367 (+158%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2019: $1,288Liabilities 2019: $0Net Assets 2019: $1,2882019Assets 2020: $44,098Liabilities 2020: $3,365Net Assets 2020: $40,7332020Assets 2021: $43,973Liabilities 2021: $5,207Net Assets 2021: $38,7662021Assets 2022: $54,187Liabilities 2022: $3,486Net Assets 2022: $50,7012022Assets 2023: $41,404Liabilities 2023: $6,732Net Assets 2023: $34,6722023Assets 2024: $45,800Liabilities 2024: $1,794Net Assets 2024: $44,0062024

Highlighted filing

2024

Assets$45,800
Liabilities$1,794
Net Assets$44,006
Open 2024 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $75,751Expenses 2019: $74,506Net Income 2019: $1,2452019Revenue 2020: $218,684Expenses 2020: $179,239Net Income 2020: $39,4452020Revenue 2021: $232,713Expenses 2021: $235,961Net Income 2021: -$3,2482021Revenue 2022: $214,612Expenses 2022: $202,677Net Income 2022: $11,9352022Revenue 2023: $189,680Expenses 2023: $205,714Net Income 2023: -$16,0342023Revenue 2024: $172,817Expenses 2024: $163,484Net Income 2024: $9,3332024

Highlighted filing

2024

Revenue$172,817
Expenses$163,484
Net Income$9,333
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$45,800
Liabilities
$1,794
Net assets
$44,006
Revenue
$172,817
Expenses
$163,484
Net income
$9,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$1.73$1.63$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.07$0.35$1.90$2.06$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$2.15$2.03$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.05$0.39$2.33$2.36$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.41$2.19$1.79$0.39
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.76$0.75$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 16, 2025
Return Version
2024v5.0
Gross Receipts
$172,817
Mission and Program Overview

Mission

Launch Academy educates pre kindergarten students in life skills, kindergarten curriculum and social skills to prepare these students for entrance to public schools with an emphasis on good character skills.

Launch Academy performs educational services primarily for pre kindergarten and kindergarten students preparing them for public schools. Launch also provides tutoring services for elementary students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,436$38,003▼ $1,433
Cash and Non-Interest-Bearing Accounts$1,968$7,797▲ $5,829
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$41,404$45,800▲ $4,396
Liabilities
Other Liabilities$6,732$1,794▼ $4,938
Total Liabilities$6,732$1,794▼ $4,938
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,672$44,006▲ $9,334
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$34,672$44,006▲ $9,334
Total Liabilities and Net Assets / Fund Balance$41,404$45,800▲ $4,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,003$5,479$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Tyler FischerPresident
Chris SpillmanMember
David ThomasMember
Eric P MooreMember
Julie T HoustonMember
Kathy JuddMember
Michael R BrownMember
Stephanie L HoodMember
Heather C SchaeferSecretary
Leonard FischerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,999
Program Service Revenue
$137,896
Investment Income
$0
Other Revenue
$1,922
All Other Contributions
$22,043
Change in Net Assets
$9,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$117,131
Other Expenses$46,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,807$0$0$108,807
Occupancy$16,458$0$0$16,458
Payroll Taxes$8,324$0$0$8,324
Other Expenses$5,709$0$0$5,709
Office Expenses$2,120$0$0$2,120
Fees for Services Other$386$0$0$386
Advertising$65$0$0$65
Fees for Services Accounting$41$0$0$41
Total Functional Expenses$163,484$0$0$163,484
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$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Indiana State Tax Liability$421
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
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 2

“Trustee Len Fischer is the spouse of Executive Director Pam Fischer”

Form 990, Part VI, Section B, Line 11B

“Form 990 and all attachments are made available to all Board of Directors at our regularly scheduled meeting prior to the filing of the return.”

Form 990, Part VI, Section B, Line 12C

“The policy is discussed at least quarterly at our regularly scheduled board meetings”

Form 990, Part VI, Section B, Line 15

“The Executive Directors salary is determined by a salary committee and approved by the entire board.”

Form 990, Part VI, Section C, Line 19

“This information is available to any individual or entity upon request”

Filing and Contact Details

Filer

Filer Name
Launch Academy Inc
EIN
83-4172296
Phone
8125319273
Address
7909 N Crestwood Lane, Brazil, IN 47834

Signing Officer

Name
Leonard Fischer
Title
Treasurer
Phone
8125319273
Signed
2025-04-16

Organization Details

Principal Officer
Leonard Fischer
Formed
2019
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
17
Volunteers
2
Raw XML AppendixShowing 400 of 578 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.

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IRS990/Desc0Launch began program operations as a nonprofit in the beginning of the school year in August 2019. Launch began the school year with 64 students attending Monday thru Thursday with a morning and afternoon session. Students are schooled in letter recognition, phonemic sounds, reading readiness skills, writing, formal sentence structure, rhyming, number awareness, counting, money recognition, telling time, shapes recognition of colors, site works recognition, geometric shapes, basic math symbols, geography, and many life skills. Launch tests at the beginning and end of each school year to measure growth gains. Remediation is available for those students needing additional assistance. Students enter public schools with the necessary skills to succeed at their appropriate grade level.
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IRS990/NetAssetsOrFundBalancesEOYAmt044006
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt034672
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt044006
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt016458
IRS990/OccupancyGrp/TotalAmt016458
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt02120
IRS990/OfficeExpensesGrp/TotalAmt02120
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Program Expenses
IRS990/OtherExpensesGrp/Desc1Grant Expense from prev year grant
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expense
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt018824
IRS990/OtherExpensesGrp/ProgramServicesAmt12750
IRS990/OtherExpensesGrp/ProgramServicesAmt25709
IRS990/OtherExpensesGrp/TotalAmt018824
IRS990/OtherExpensesGrp/TotalAmt12750
IRS990/OtherExpensesGrp/TotalAmt25709
IRS990/OtherLiabilitiesGrp/BOYAmt06732
IRS990/OtherLiabilitiesGrp/EOYAmt01794
IRS990/OtherRevenueTotalAmt01922
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0108807
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108807
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08324
IRS990/PayrollTaxesGrp/TotalAmt08324
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Leonard Fischer
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0School Program Revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0137896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0137896
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0None
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0none
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt030420
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt044786
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0159260
IRS990/PYRevenuesLessExpensesAmt0-16034
IRS990/PYSalariesCompEmpBnftPaidAmt0160928
IRS990/PYTotalExpensesAmt0205714
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0189680
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt09333
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0137896
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056113
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0112955

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