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Nonprofiteer
← LAUNCHCODE 4811 DELMAR BUILDING OWNER

Form 990 for tax year 2024

Filed by LAUNCHCODE 4811 DELMAR BUILDING OWNER.

Totals

Total revenue
$189,199
Total expenses
$239,236
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$189,196
Investment income
$3
Other revenue
$0
Total assets, end of year
$4,779,655
Total liabilities, end of year
$3,885,920
Net assets or fund balances, end of year
$893,735
Program services expenses (Part IX)
$0
Management and general expenses
$239,236
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL

    total $189,196 · related or exempt $189,196

  • 3 · Investment income

    total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,725 · management and general $13,725

  • 13 · Office expenses

    total $109 · management and general $109

  • 16 · Occupancy

    total $10,511 · management and general $10,511

  • 20 · Interest

    total $82,352 · management and general $82,352

  • 22 · Depreciation, depletion and amortization

    total $132,539 · management and general $132,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,915 · end of year $52,449

  • 2 · Savings and temporary cash investments

    beginning of year $565 · end of year $459

  • 4 · Accounts receivable

    beginning of year $91 · end of year $17,591

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,929 · end of year $4,165

  • 10a · Land, buildings and equipment: cost or other basis

    $4,760,229

  • 10b · Land, buildings and equipment: accumulated depreciation

    $323,429

  • 10c · Land, buildings and equipment, net

    beginning of year $4,569,339 · end of year $4,436,800

  • 15 · Other assets

    beginning of year $148,995 · end of year $268,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,906 · end of year $13,453

  • 19 · Deferred revenue

    beginning of year $97,500 · end of year $80,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,709,656 · end of year $3,742,467

  • 25 · Other liabilities

    beginning of year $0 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $943,772 · end of year $893,735

Mission and programs · 2024

Mission

TO PROMOTE, ACCEPT, AND MAXIMIZE PRIVATE SUPPORT FOR PROGRAMS AND INITIATIVES AND PROPERTIES OF THE LAUNCHCODE FOUNDATION.

Activities or mission (Part I)

SUPPORTING ORGANIZATION TO MANAGE/INVEST/STEWARD ASSETS FOR THE LAUNCHCODE FOUNDATION.

  • LAUNCHCODE 4811 DELMAR BUILDING OWNER IS A SUPPORTING ORGANIZATION CREATED TO MANAGE, INVEST, AND STEWARD ASSETS FOR THE LAUNCHCODE FOUNDATION. IT WAS ESTABLISHED IN 2020 TO PROMOTE, ACCEPT, AND MAXIMIZE PRIVATE SUPPORT FOR PROGRAMS AND INITIATIVES AND PROPERTIES OF THE LAUNCHCODE FOUNDATION.

    Revenue $189,196

As filed on the 2024 return.

Listed in Part VII

  • Ethan Leigh

    PRESIDENT/SECRETARY

    Total calculated
    $145,076
    From this org
    $0
    From related orgs
    $121,821
    Other
    $23,255
    Hours/week
    1 + 50 related

  • John Berglund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy McFadden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 November 2025
IRS schema version
2024v5.2
Source object
202543149349302844

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