Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Launchpad Incubator
EIN 99-0682484 • 501(c)3 • Dallas, TX
Pub. 78 Eligible
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.62x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 9.3% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$175,172
No earlier filing loaded for comparison.
Liabilities
$108,655
No earlier filing loaded for comparison.
Net Assets
$66,517
No earlier filing loaded for comparison.
Revenue
$105,797
No earlier filing loaded for comparison.
Expenses
$39,583
No earlier filing loaded for comparison.
Net Income
$66,214
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $175,172
- Liabilities
- $108,655
- Net assets
- $66,517
- Revenue
- $105,797
- Expenses
- $39,583
- Net income
- $66,214
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 3, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $105,797
Mission and Program Overview
Mission
See Schedule O
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Youth Development (See Schedule O) | - | $16,825 |
| Youth Membership (See Schedule O) | - | $16,825 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Shirin Foroudi | President & Board Member | FT | $9,800 | - | $9,800 |
| Mark McMillan | Board Member | PT | $0 | - | - |
| Scott Gorran | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Launchpad Incubator
- EIN
- 99-0682484
- In Care Of
- % Shirin Foroudi
- Phone
- 2147443700
- Address
- 1018 Gallagher Street, Dallas, TX 75212
Signing Officer
- Name
- Shirin Foroudi
- Title
- President
- Phone
- 3478864941
- Signed
- 2025-07-03
- Discuss with paid preparer
- No
Preparer
- Firm
- Mobile Tax & Bookkeeping Services
- Address
- 1418 Mountain Lake Rd, Dallas, TX 75224
- Preparer
- Kathleen Mckay
- Phone
- 4693734205
Supplemental Narrative
Additional Explanations
Description of other revenue Part I line 8
“Description AmountNew Bank Account Promotion 200”
Description of other expenses Part I line 16
“Description AmountMinor Equipment & Tools 22,936Advertising & Marketing 800Supplies & Materials 1,662Memberships & Subscriptions 309Bank Fees & Service Charges 35Software & Apps 36Interest Paid 21Depreciation and Amortization 150”
Other changes in net assets or fund balances Part I line 20
“Description AmountOpening Equity 303”
Description of other assets Part II line 24
“Category Beginning of Year End of YearInventory 0 145Security Deposit 0 2,500Equipment, net 0 8,850Right-of-use assets 0 101,656”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearCurrent Liabilities 0 7,067Payroll Accrual 0 1,878Operating Lease - Building 0 99,710”
Part III response or note to any other line in Part III
“Exempt Purpose - To provide a dynamic space for young gifted minds to design, innovate, and transition seamlessly into lives that make the world a better place for everyone.Our program accomplishments included developing program criteria, specific camps, workshops, and events for our Grand Opening. Additionally, a state-of-the-art facility was established to support programmatic activities and education. We also received Gift-In-Kind equipment donations that are directly expended to our Youth Development and Youth Membership programs. The Youth Development Program is reported on a consolidated level which includes youth camps, workshops, and events. The Youth Membership Program is a monthly membership for our youth to use equipment & tools at our facility.”
Raw XML Appendix154 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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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Launchpad Incubator |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2147443700 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1018 Gallagher Street |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Dallas |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75212 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 62021 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 105597 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 66214 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 175172 |
| IRS990EZ/GrossReceiptsAmt | 0 | 105797 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 66517 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 66517 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3055 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 9800 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Shirin Foroudi |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Mark McMillan |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Scott Gorran |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President & Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 113151 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 303 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 25949 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 200 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | See Schedule O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Youth Development (See Schedule O) |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Youth Membership (See Schedule O) |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 16825 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 16825 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 10579 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 108655 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 39583 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 33650 |
| IRS990EZ/TotalRevenueAmt | 0 | 105797 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://www.launchpadincubator.org/ |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 94097 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 94097 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 105597 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 105597 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 11500 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 94097 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 94097 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 105597 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 105597 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 105597 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 105597 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountNew Bank Account Promotion 200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountMinor Equipment & Tools 22,936Advertising & Marketing 800Supplies & Materials 1,662Memberships & Subscriptions 309Bank Fees & Service Charges 35Software & Apps 36Interest Paid 21Depreciation and Amortization 150 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountOpening Equity 303 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearInventory 0 145Security Deposit 0 2,500Equipment, net 0 8,850Right-of-use assets 0 101,656 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Category Beginning of Year End of YearCurrent Liabilities 0 7,067Payroll Accrual 0 1,878Operating Lease - Building 0 99,710 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Exempt Purpose - To provide a dynamic space for young gifted minds to design, innovate, and transition seamlessly into lives that make the world a better place for everyone.Our program accomplishments included developing program criteria, specific camps, workshops, and events for our Grand Opening. Additionally, a state-of-the-art facility was established to support programmatic activities and education. We also received Gift-In-Kind equipment donations that are directly expended to our Youth Development and Youth Membership programs. The Youth Development Program is reported on a consolidated level which includes youth camps, workshops, and events. The Youth Membership Program is a monthly membership for our youth to use equipment & tools at our facility. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part III response or note to any other line in Part III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHIRIN FOROUDI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3478864941 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Launchpad Incubator |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAUN |
| ReturnHeader/Filer/EIN | 0 | 990682484 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Shirin Foroudi |
| ReturnHeader/Filer/PhoneNum | 0 | 2147443700 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1018 Gallagher Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Dallas |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75212 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 475561586 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Mobile Tax & Bookkeeping Services |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1418 Mountain Lake Rd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Dallas |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75224 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4693734205 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KATHLEEN MCKAY |
| ReturnHeader/ReturnTs | 0 | 2025-07-04T13:24:32-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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