Civic Intelligence

Laaunch Foundation

990EZ • Fiscal year 2022 • EIN 86-1979984

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization Profilewww.laaunch.org
3130 Alpine Rd Ste 288 Pmb 480Portola Valley, CA 94028

(650) 362-4076

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

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

Liabilities / Revenue

58th percentile

0.00x

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

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

Net Margin

2nd percentile

-495%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

10th percentile

-50%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-93%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$229,299

Down $228,165 (-50%) from 2021

Net Assets

Down

$229,299

Down $224,808 (-50%) from 2021

Liabilities

Down

$0

Down $3,357 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin2nd percentile

Revenue

Down

$45,375

Down $610,257 (-93%) from 2021

Expenses

Up

$270,183

Up $68,658 (+34%) from 2021

Net Income

Down

-$224,808

Down $678,915 (-150%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$600K$400K$200K$0Assets 2021: $457,464Liabilities 2021: $3,357Net Assets 2021: $454,1072021Assets 2022: $229,299Liabilities 2022: $0Net Assets 2022: $229,2992022Assets 2023: $245,718Liabilities 2023: $0Net Assets 2023: $245,7182023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$229,299
Liabilities$0
Net Assets$229,299
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.0M$500K$0-$500KRevenue 2021: $655,632Expenses 2021: $201,525Net Income 2021: $454,1072021Revenue 2022: $45,375Expenses 2022: $270,183Net Income 2022: -$224,8082022Revenue 2023: $34,348Expenses 2023: $17,929Net Income 2023: $16,4192023Revenue 2024: $61,612Expenses 2024: $23,071Net Income 2024: $38,5412024

Highlighted filing

2022

Revenue$45,375
Expenses$270,183
Net Income-$224,808
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$45,375
Mission and Program Overview

Mission

Laaunch foundation is a non-profit organization working to end racism and increase representation for asian-americans by developing innovative programs that support, advocate, and elevate the asian-american community.

Program Services

DescriptionGrantsExpenses
STAATUS INDEX REPORT1) INCREASE PUBLIC AWARENESS ABOUT ASIAN AMERICAN STEREOTYPES AND PERCEPTIONS2) PROVIDE DATA THAT GOVERNMENT AND COMMUNITY LEADERS CAN USE TO ADVOCATE FOR ASIAN AMERICAN EQUITY AND INCLUSION3) INFORM THE DEVELOPMENT OF IMPACTFUL POLICIES AND PROGRAMS THAT CAN IMPROVE THE STATUS OF ASIAN AMERICANS IN THE U.S.-$265,056
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NORMAN CHENCEO/DirectorPT$0--
EDWARD KINGCFO/DirectorPT$0--
DAVID TINGSecretary/DirectorPT$0--
RICHARD TINGDirectorPT$0--
WAH CHENDirectorPT$0--
ERIC TODADirectorPT$0--
Filing and Contact Details

Filer

Filer Name
LAAUNCH Foundation
EIN
86-1979984
Phone
6503624076
Address
3130 ALPINE RD STE 288 PMB 480, PORTOLA VALLEY, CA 94028

Signing Officer

Name
Edward King
Title
CFO/director
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Fong Ko & Associates Llp
Address
1510 FASHION ISLAND BLVD STE 200, SAN MATEO, CA 94404
Preparer
Oliver Laiming Ko
Phone
6502869966
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $377”

Other Expenses.1012

“Insurance $2123”

Other Expenses.1

“WEBSITE EXPENSES $10381”

Other Expenses.2

“TRAVEL EXPENSE $625”

Other Expenses.3

“SUBSCRIPTION $196”

Other Expenses.4

“OTHER FEES $25”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $1658 Prepaid Expenses and Deferred Charges - Ending $2012”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $3357 Accounts Payable and Accrued Expenses - Ending $0”

Raw XML Appendix172 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PORTOLA VALLY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CFO/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01658
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02012
IRS990EZ/OtherExpensesTotalAmt013727
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0LAAUNCH FOUNDATION IS A NON-PROFIT ORGANIZATION WORKING TO END RACISM AND INCREASE REPRESENTATION FOR ASIAN-AMERICANS BY DEVELOPING INNOVATIVE PROGRAMS THAT SUPPORT, ADVOCATE, AND ELEVATE THE ASIAN-AMERICAN COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0STAATUS INDEX REPORT1) INCREASE PUBLIC AWARENESS ABOUT ASIAN AMERICAN STEREOTYPES AND PERCEPTIONS2) PROVIDE DATA THAT GOVERNMENT AND COMMUNITY LEADERS CAN USE TO ADVOCATE FOR ASIAN AMERICAN EQUITY AND INCLUSION3) INFORM THE DEVELOPMENT OF IMPACTFUL POLICIES AND PROGRAMS THAT CAN IMPROVE THE STATUS OF ASIAN AMERICANS IN THE U.S.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0265056
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DE
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03357
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.laaunch.org/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt053736
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0655632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0709368
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0709368
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt053736
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0655632
IRS990ScheduleA/Total509Grp/TotalAmt0709368
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt053736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0655632
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0709368
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $377
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $2123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WEBSITE EXPENSES $10381
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRAVEL EXPENSE $625
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUBSCRIPTION $196
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Prepaid Expenses and Deferred Charges - Beginning $1658 Prepaid Expenses and Deferred Charges - Ending $2012
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accounts Payable and Accrued Expenses - Beginning $3357 Accounts Payable and Accrued Expenses - Ending $0
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO/DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAAUNCH Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LAAU
ReturnHeader/Filer/EIN0861979984
ReturnHeader/Filer/PhoneNum06503624076
ReturnHeader/Filer/USAddress/AddressLine1Txt03130 ALPINE RD STE 288 PMB 480
ReturnHeader/Filer/USAddress/CityNm0PORTOLA VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094028
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204014608
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094404
ReturnHeader/PreparerPersonGrp/PhoneNum06502869966
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Oliver Laiming Ko
ReturnHeader/ReturnTs02023-11-14T12:09:56-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EDWARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KING
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$229,299
Liabilities
$0
Net assets
$229,299
Revenue
$45,375
Expenses
$270,183
Net income
-$224,808
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.62$0.23$0.39
2023Detailed filing. Detailed filing data is available for this year.$2.46$0.00$2.46$0.34$0.18$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.45$2.70$2.25
2021Detailed filing. Detailed filing data is available for this year.$4.57$0.03$4.54$6.56$2.02$4.54