Civic Intelligence

Launchcode 4811 Delmar Building Owner

990 • Fiscal year 2021 • EIN 85-3788817

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2022

Organization ProfileN/A
7912 Bonhomme Avenue 207Clayton, MO 63105

(314) 254-0107

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

1508.68x

Higher debt load relative to revenue than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-4347%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$98,303

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3265.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

69th percentile

21%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$4,567,623

Up $798,899 (+21%) from 2020

Net Assets

Down

$26,492

Down $130,843 (-83%) from 2020

Liabilities

Up

$4,541,131

Up $929,742 (+26%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$3,010

Down $627,073 (-100%) from 2020

Expenses

Down

$133,853

Down $338,895 (-72%) from 2020

Net Income

Down

-$130,843

Down $288,178 (-183%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$6.0M$4.0M$2.0M$0Assets 2020: $3,768,724Liabilities 2020: $3,611,389Net Assets 2020: $157,3352020Assets 2021: $4,567,623Liabilities 2021: $4,541,131Net Assets 2021: $26,4922021Assets 2022: $5,328,360Liabilities 2022: $4,842,342Net Assets 2022: $486,0182022Assets 2023: $4,825,834Liabilities 2023: $3,882,062Net Assets 2023: $943,7722023Assets 2024: $4,779,655Liabilities 2024: $3,885,920Net Assets 2024: $893,7352024

Highlighted filing

2021

Assets$4,567,623
Liabilities$4,541,131
Net Assets$26,492
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KRevenue 2020: $630,083Expenses 2020: $472,748Net Income 2020: $157,3352020Revenue 2021: $3,010Expenses 2021: $133,853Net Income 2021: -$130,8432021Revenue 2022: $602,282Expenses 2022: $142,756Net Income 2022: $459,5262022Revenue 2023: $687,883Expenses 2023: $230,129Net Income 2023: $457,7542023Revenue 2024: $189,199Expenses 2024: $239,236Net Income 2024: -$50,0372024

Highlighted filing

2021

Revenue$3,010
Expenses$133,853
Net Income-$130,843
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2022
Return Version
2021v4.2
Gross Receipts
$3,010
Mission and Program Overview

Mission

To promote, accept, and maximize private support for programs and initiatives and properties of the launchcode foundation.

Supporting organization to manage/invest/steward assets for the launchcode foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,025,403$2,786,310▼ $239,093
Land, Buildings, and Equipment, Net$743,230$1,756,780▲ $1,013,550
Cash and Non-Interest-Bearing Accounts-$24,442-
Accounts Receivable$91$91→ $0
Total Assets$3,768,724$4,567,623▲ $798,899
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,611,224$3,644,035▲ $32,811
Accounts Payable and Accrued Expenses$165$844,596▲ $844,431
Deferred Revenue-$52,500-
Total Liabilities$3,611,389$4,541,131▲ $929,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$157,335$26,492▼ $130,843
Total Net Assets Fund Balance$157,335$26,492▼ $130,843
Total Liabilities and Net Assets / Fund Balance$3,768,724$4,567,623▲ $798,899

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$908,559-$908,559
Buildings$599,142$15,795$614,937
Land$128,714-$128,714
Equipment$120,365-$120,365
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleOtherTotal
Ethan LeighPresident/secretary$98,303$98,303

Board Members and Trustees

NameTitle
John BerglundDirector
Timothy McfaddenDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Color Art ConstructionConstruction General Contractor1325 N WARSON RD, Saint Louis, MO 63132$230,759
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,010
Other Revenue
$0
Change in Net Assets
$-130,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$82,220-$82,220
Fees for Services Accounting-$29,630-$29,630
Depreciation Depletion-$15,373-$15,373
Fees for Services Legal-$5,130-$5,130
Fees for Services Other-$1,500-$1,500
Total Functional Expenses$0$133,853$0$133,853
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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Launchcode 4811 delmar building owner's publicly supported organization, launchcode foundation, has the power to appoint or remove members of the governing body.”

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

“The form 990 is prepared by the outside accounting firm based upon the audited financial statements. A draft of the form 990 is provided to management for review. Changes, if any, are made and a copy of the return is distributed to the board members for their review before filing with the irs.”

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

“Each director is required to annually review the policy and report any conflicts of interest to the full board and management.”

Form 990, Part VI, Section B, Line 15

“As the organization has no paid employees, it does not have a compensation policy. The organization's top management official is compensated by the launchcode foundation, a related organization.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Launchcode 4811 Delmar Building Owner
EIN
85-3788817
Phone
3142540107
Address
7912 BONHOMME AVENUE 207, CLAYTON, MO 63105

Signing Officer

Name
Ethan Leigh
Title
President/secretary
Phone
3142540107
Signed
2022-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ethan Leigh
Formed
2020
Legal Domicile
Mo
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
6

Preparer

Firm
Armanino Llp
Address
6 CITYPLACE DRIVE SUITE 900, ST LOUIS, MO 63141
Preparer
Jennifer M Vacha
Phone
3149831200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The launchcode foundation board of directors is responsible for choosing the independent auditor and overseeing the process. The process has not changed since prior year.”

Financial Statement Notes

PART X, LINE 2:

“Launchcode 4811 delmar building owner constitutes a qualified not-for-profit organization under section 501(c)(3) of the internal revenue code and is, therefore, exempt from federal income taxes. In accordance with accounting principles generally accepted in the united states of america, launchcode 4811 delmar building owner uses a loss contingency approach for evaluating uncertain tax positions. Management continually evaluates expiring statute of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings. Launchcode 4811 delmar building owner has evaluated its tax positions, expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings and believes that no provision for income taxes is necessary, at this time, to cover any uncertain tax positions.”

Raw XML Appendix359 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE LAUNCHCHODE FOUNDATION
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAUNCHCODE 4811 DELMAR BUILDING OWNER CONSTITUTES A QUALIFIED NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXES. IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, LAUNCHCODE 4811 DELMAR BUILDING OWNER USES A LOSS CONTINGENCY APPROACH FOR EVALUATING UNCERTAIN TAX POSITIONS. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTE OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. LAUNCHCODE 4811 DELMAR BUILDING OWNER HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY, AT THIS TIME, TO COVER ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAUNCHCODE 4811 DELMAR BUILDING OWNER'S PUBLICLY SUPPORTED ORGANIZATION, LAUNCHCODE FOUNDATION, HAS THE POWER TO APPOINT OR REMOVE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM BASED UPON THE AUDITED FINANCIAL STATEMENTS. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW. CHANGES, IF ANY, ARE MADE AND A COPY OF THE RETURN IS DISTRIBUTED TO THE BOARD MEMBERS FOR THEIR REVIEW BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR IS REQUIRED TO ANNUALLY REVIEW THE POLICY AND REPORT ANY CONFLICTS OF INTEREST TO THE FULL BOARD AND MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS THE ORGANIZATION HAS NO PAID EMPLOYEES, IT DOES NOT HAVE A COMPENSATION POLICY. THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS COMPENSATED BY THE LAUNCHCODE FOUNDATION, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LAUNCHCODE FOUNDATION BOARD OF DIRECTORS IS RESPONSIBLE FOR CHOOSING THE INDEPENDENT AUDITOR AND OVERSEEING THE PROCESS. THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE LAUNCHCODE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0471718432
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INCREASING ECONOMIC OPPORTUNITY THROUGH JOB PLACEMENT AND TRAINING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04811 DELMAR BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAINT LOUIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd063108
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03768724
IRS990/TotalAssetsEOYAmt04567623
IRS990/TotalAssetsGrp/BOYAmt03768724
IRS990/TotalAssetsGrp/EOYAmt04567623
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0133853
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0133853
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03611389
IRS990/TotalLiabilitiesEOYAmt04541131
IRS990/TotalLiabilitiesGrp/BOYAmt03611389
IRS990/TotalLiabilitiesGrp/EOYAmt04541131
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0157335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026492
IRS990/TotalOtherCompensationAmt09777
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03010
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03010
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03768724
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04567623
IRS990/TotReportableCompRltdOrgAmt088526
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07912 BONHOMME AVENUE 207
IRS990/USAddress/CityNm0CLAYTON
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd063105
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ETHAN LEIGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03142540107
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCHCODE 4811 DELMAR BUILDING OWNER
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0853788817
ReturnHeader/Filer/PhoneNum03142540107
ReturnHeader/Filer/USAddress/AddressLine1Txt07912 BONHOMME AVENUE 207
ReturnHeader/Filer/USAddress/CityNm0CLAYTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd063105
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0946214841
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARMANINO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 CITYPLACE DRIVE SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST LOUIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063141
ReturnHeader/PreparerPersonGrp/PhoneNum03149831200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER M VACHA
ReturnHeader/ReturnTs02022-11-07T08:49:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ETHAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEIGH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,567,623
Liabilities
$4,541,131
Net assets
$26,492
Revenue
$3,010
Expenses
$133,853
Net income
-$130,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.78$3.89$0.89$0.19$0.24$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.83$3.88$0.94$0.69$0.23$0.46
2022Detailed filing. Detailed filing data is available for this year.$5.33$4.84$0.49$0.60$0.14$0.46
2021Detailed filing. Detailed filing data is available for this year.$4.57$4.54$0.03$0.00$0.13$0.13
2020Detailed filing. Detailed filing data is available for this year.$3.77$3.61$0.16$0.63$0.47$0.16