Civic Intelligence

Launch Ministries Inc

EIN 90-0950633 • 501(c)3 • Rocky Mount, NC

Profile

Religious purposes,including providing a community-oriented atmosphere of godly function,encompassing religious family gatherings for all ages and providing a place of worship; teaching and preaching the uncompromised word of god (holy bible), ministering to the

1101 West Haven BlvdRocky Mount, NC 27803

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.83x

Higher debt load relative to assets than 93% of similar nonprofits.

NTEE X20 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.33x

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

NTEE X20 • $500k-$1M nonprofits • Source year 2024

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

NTEE X20 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

NTEE X20 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

15th percentile

-27%

Faster revenue growth than 15% of similar nonprofits.

NTEE X20 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$841,841

Up $841,841 from 2023

Liabilities

Up

$699,815

Up $699,815 from 2023

Net Assets

Up

$142,026

Up $142,026 from 2023

Operations
Liabilities / Revenue94th percentileNet Margin10th percentile

Revenue

Down

$300,608

Down $109,521 (-27%) from 2023

Expenses

Up

$395,163

Up $221,615 (+128%) from 2023

Net Income

Down

-$94,555

Down $331,136 (-140%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0-$500KAssets 2013: $1Liabilities 2013: $02013Assets 2014: $0Net Assets 2014: -$2,0112014Assets 2015: $0Net Assets 2015: -$3,1102015Assets 2016: $0Net Assets 2016: -$8682016Assets 2017: $716Net Assets 2017: $7162017Assets 2018: $0Net Assets 2018: $02018Assets 2019: $0Net Assets 2019: $11,6272019Assets 2020: $4,251Net Assets 2020: $4,2512020Assets 2021: $31,344Net Assets 2021: $31,3442021Assets 2022: $46,637Liabilities 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $841,841Liabilities 2024: $699,815Net Assets 2024: $142,0262024

Highlighted filing

2024

Assets$841,841
Liabilities$699,815
Net Assets$142,026
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $54,242Expenses 2014: $56,253Net Income 2014: -$2,0112014Revenue 2015: $71,080Expenses 2015: $74,190Net Income 2015: -$3,1102015Revenue 2016: $63,906Expenses 2016: $64,774Net Income 2016: -$8682016Revenue 2017: $57,909Expenses 2017: $57,193Net Income 2017: $7162017Revenue 2018: $77,190Expenses 2018: $77,906Net Income 2018: -$7162018Revenue 2019: $142,797Expenses 2019: $131,170Net Income 2019: $11,6272019Revenue 2020: $118,262Expenses 2020: $125,638Net Income 2020: -$7,3762020Revenue 2021: $106,954Expenses 2021: $79,861Net Income 2021: $27,0932021Revenue 2022: $199,724Expenses 2022: $184,431Net Income 2022: $15,2932022Revenue 2023: $410,129Expenses 2023: $173,548Net Income 2023: $236,5812023Revenue 2024: $300,608Expenses 2024: $395,163Net Income 2024: -$94,5552024

Highlighted filing

2024

Revenue$300,608
Expenses$395,163
Net Income-$94,555
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$841,841
Liabilities
$699,815
Net assets
$142,026
Revenue
$300,608
Expenses
$395,163
Net income
-$94,555
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.42$7.00$1.42$3.01$3.95$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$4.10$1.74$2.37
2022Summary only. Only limited summary data is available for this year.$0.47$0.00$2.00$1.84$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.31$1.07$0.80$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.04$1.18$1.26$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.12$1.43$1.31$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.77$0.78$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.01$0.58$0.57$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.01$0.64$0.65$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.03$0.71$0.74$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.02$0.54$0.56$0.02
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 6, 2025
Return Version
2024v5.2
Gross Receipts
$300,608
Mission and Program Overview

Mission

Religious purposes,including providing a community-oriented atmosphere of godly function,encompassing religious family gatherings for all ages and providing a place of worship; teaching and preaching the uncompromised word of god (holy bible), ministering to the

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$699,815-
Cash and Non-Interest-Bearing Accounts$236,581$142,026▼ $94,555
Total Assets$236,581$841,841▲ $605,260
Liabilities
Mortgage Notes Payable Secured by Investment Property-$693,000-
Other Liabilities$236,581--
Accounts Payable and Accrued Expenses-$6,815-
Total Liabilities$236,581$699,815▲ $463,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$142,026-
Total Net Assets Fund Balance$0$142,026▲ $142,026
Total Liabilities and Net Assets / Fund Balance$236,581$841,841▲ $605,260

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$699,815$17,629-
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Yolanda MorganPresident
Alphone MorganVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$275,408
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$25,200
All Other Contributions
$275,408
Change in Net Assets
$-94,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,163
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
Fees for Services Legal$101,444$0$0$101,444
Interest$68,885$0$0$68,885
Office Expenses$62,343$0$0$62,343
Occupancy$47,062$0$0$47,062
Depreciation Depletion$36,550$0$0$36,550
Information Technology$31,701$0$0$31,701
Other Expenses$25,000$0$0$25,000
Total Functional Expenses$395,163$0$0$395,163
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Launch Ministries Inc
EIN
90-0950633
Phone
9194357627
Address
1101 WEST HAVEN BLVD, ROCKY MOUNT, NC 27803

Signing Officer

Name
Yolanda Morgan
Title
President
Phone
9194357627
Signed
2025-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yolanda Morgan
Formed
2013
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
80

Preparer

Firm
Copeland Financial Services LLC
Address
9500 ARENA DRIVE SUITE 450, LARGO, MD 20774
Preparer
Benjamin Copeland
Phone
3014295138
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“NA”

Pt VI, Line 8A

“NA”

Pt VI, Line 11B

“NA”

Raw XML Appendix287 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
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IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0300608
IRS990/GrossRentsGrp/RealAmt025200
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt031701
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IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt068885
IRS990/InterestGrp/TotalAmt068885
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017629
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0693000
IRS990/NetAssetsOrFundBalancesBOYAmt00
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ReasonableCauseExplanation/ExplanationTxt0CLIENT WAS LATE RECEIVING ALL DOCUMENTS TO FILE TAXES ON TIME.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YOLANDA MORGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09194357627
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH MINISTRIES INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0900950633
ReturnHeader/Filer/PhoneNum09194357627
ReturnHeader/Filer/USAddress/AddressLine1Txt01101 WEST HAVEN BLVD
ReturnHeader/Filer/USAddress/CityNm0ROCKY MOUNT
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ReturnHeader/Filer/USAddress/ZIPCd027803
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450464540
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020774
ReturnHeader/PreparerPersonGrp/PhoneNum03014295138
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Benjamin Copeland
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-10-16T15:12:36-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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