Civic Intelligence

Launch Ministries Inc.

990 • Fiscal year 2023 • EIN 90-0950633

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 10, 2024

Organization ProfileN/A
3013 Barrow DriveRaleigh, NC 27616

(919) 435-7627

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

70th percentile

0.00x

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

2023 filings • NTEE X20 • <$500k nonprofits • Source year 2023

Net Margin

87th percentile

58%

Higher net margin than 87% of similar nonprofits.

2023 filings • NTEE X20 • <$500k nonprofits • Source year 2023

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2023 filings • NTEE X20 • <$500k nonprofits • Source year 2023

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2023 filings • NTEE X20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

105%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • NTEE X20 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $46,637 (-100%) from 2022

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin87th percentile

Revenue

Up

$410,129

Up $210,405 (+105%) from 2022

Expenses

Down

$173,548

Down $10,883 (-5.9%) from 2022

Net Income

Up

$236,581

Up $221,288 (+1447%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$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

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$410,129
Expenses$173,548
Net Income$236,581
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 10, 2024
Return Version
2023v5.1
Gross Receipts
$410,129
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
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Yolanda MorganPresident
Alphone MorganVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$410,129
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$410,129
Change in Net Assets
$236,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,207
Salaries, Compensation, and Employee Benefits$32,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$45,864$0$0$45,864
Other Salaries and Wages$32,341$0$0$32,341
Office Expenses$23,465$0$0$23,465
Travel$17,303$0$0$17,303
Insurance$15,621$0$0$15,621
Information Technology$12,211$0$0$12,211
Other Expenses$10,200$0$0$10,200
Depreciation Depletion$5,151$0$0$5,151
Fees for Services Accounting$450$0$0$450
Total Functional Expenses$173,548$0$0$173,548
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
3013 BARROW DRIVE, Raleigh, NC 27616

Signing Officer

Name
Yolanda Morgan
Title
President
Phone
9194357627
Signed
2024-10-10
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
2
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 Appendix281 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/AllOtherContributionsAmt0410129
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0410129
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt012211
IRS990/InformationTechnologyGrp/TotalAmt012211
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt015621
IRS990/InsuranceGrp/TotalAmt015621
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0RELIGIOUS 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
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt046637
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt045864
IRS990/OccupancyGrp/TotalAmt045864
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SBA PAYMENT
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IRS990/OtherExpensesGrp/Desc2BEREAVEMENT EXPENSES
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt032341
IRS990/OtherSalariesAndWagesGrp/TotalAmt032341
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0YOLANDA MORGAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt029800
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IRS990/ReconcilationRevenueExpnssAmt0236581
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0237850
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990/TerminateOperationsInd0false
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0YOLANDA MORGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09194357627
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCH MINISTRIES INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0900950633
ReturnHeader/Filer/PhoneNum09194357627
ReturnHeader/Filer/USAddress/AddressLine1Txt03013 BARROW DRIVE
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027616
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450464540
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COPELAND FINANCIAL SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09500 ARENA DRIVE SUITE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020774
ReturnHeader/PreparerPersonGrp/PhoneNum03014295138
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Benjamin Copeland
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-09T11:54:18-08:00
ReturnHeader/ReturnTypeCd0990
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 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$410,129
Expenses
$173,548
Net income
$236,581
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
2023Detailed filing. Detailed filing data is available for this year.$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