Civic Intelligence

Laaunch Foundation

990EZ • Fiscal year 2023 • EIN 86-1979984

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 03, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

60th percentile

7.2%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-24%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$245,718

Up $16,419 (+7.2%) from 2022

Net Assets

Up

$245,718

Up $16,419 (+7.2%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin90th percentile

Revenue

Down

$34,348

Down $11,027 (-24%) from 2022

Expenses

Down

$17,929

Down $252,254 (-93%) from 2022

Net Income

Up

$16,419

Up $241,227 (+107%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2023

Assets$245,718
Liabilities$0
Net Assets$245,718
Open 2023 Filing

Operations Trend

Revenue Growth22nd 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

2023

Revenue$34,348
Expenses$17,929
Net Income$16,419
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 3, 2024
Return Version
2023v5.1
Gross Receipts
$34,348
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.-$791
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
2024-11-03
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.1012

“Insurance $1845”

Other Expenses.1

“TRAVEL EXPENSE $4211”

Other Expenses.2

“WEBSITE EXPENSES $746”

Other Expenses.3

“OTHER FEES $25”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $2012 Prepaid Expenses and Deferred Charges - Ending $289”

Raw XML Appendix162 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/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02012
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0289
IRS990EZ/OtherExpensesTotalAmt06827
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/ProgramServiceExpensesAmt0791
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DE
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Insurance $1845
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WEBSITE EXPENSES $746
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER FEES $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prepaid Expenses and Deferred Charges - Beginning $2012 Prepaid Expenses and Deferred Charges - Ending $289
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD KING
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAAUNCH Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LAAU
ReturnHeader/Filer/EIN0861979984
ReturnHeader/Filer/PhoneNum06503624076
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ReturnHeader/Filer/USAddress/CityNm0PORTOLA VALLEY
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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/ReturnTs02024-11-03T18:33:24-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$245,718
Liabilities
$0
Net assets
$245,718
Revenue
$34,348
Expenses
$17,929
Net income
$16,419
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