Totals
- Total revenue
- $999,089
- Total expenses
- $1,534,891
- Contributions and grants received
- $614,905
- Grants paid
- $5,591
- Program service revenue
- $301,101
- Investment income
- $1,546
- Other revenue
- $81,537
- Total assets, end of year
- $3,447,753
- Total liabilities, end of year
- $2,936,421
- Net assets or fund balances, end of year
- $511,332
- Program services expenses (Part IX)
- $1,014,214
- Management and general expenses
- $354,997
- Fundraising expenses
- $165,680
- Program service expenses (Part III)
- $1,014,214
Program services were 66.1% 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.
-
1c · Fundraising events
$4,400
-
1f · All other contributions, gifts and grants
$610,505
-
2a · Program service revenue: PROGRAM SERVICE REVENU
total $301,101 · related or exempt $301,101
-
3 · Investment income
total $1,546 · excluded $1,546
-
6a · Gross rents
real property $81,537
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $81,537
-
6d · Net rental income or loss
total $81,537 · excluded $81,537
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$4,400
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $939 · program services $939
-
2 · Grants to domestic individuals
total $4,652 · program services $4,652
-
5 · Compensation of officers, directors and key employees
total $253,591 · program services $162,796 · management and general $37,409 · fundraising $53,386
-
7 · Other salaries and wages
total $223,537 · program services $143,502 · management and general $32,976 · fundraising $47,059
-
9 · Other employee benefits
total $35,331 · program services $22,681 · management and general $5,212 · fundraising $7,438
-
10 · Payroll taxes
total $35,110 · program services $22,539 · management and general $5,179 · fundraising $7,392
-
11b · Fees: legal
total $2,092 · program services $1,022 · management and general $1,070
-
11c · Fees: accounting
total $21,461 · management and general $21,461
-
11g · Fees: other
total $231,168 · program services $161,172 · management and general $54,154 · fundraising $15,842
-
12 · Advertising and promotion
total $48,104 · program services $34,418 · management and general $11,898 · fundraising $1,788
-
13 · Office expenses
total $29,805 · program services $13,980 · management and general $8,473 · fundraising $7,352
-
16 · Occupancy
total $149,657 · program services $135,306 · management and general $14,351
-
17 · Travel
total $46,068 · program services $25,861 · management and general $15,331 · fundraising $4,876
-
20 · Interest
total $127,814 · program services $34,604 · management and general $93,210
-
22 · Depreciation, depletion and amortization
total $86,233 · program services $71,153 · management and general $15,080
-
23 · Insurance
total $18,064 · management and general $18,064
-
24a · Other expenses: SUPPLIES
total $70,751 · program services $67,256 · management and general $3,060 · fundraising $435
-
24b · Other expenses: EQUIPMENT RENTAL AND MA
total $42,985 · program services $40,891 · management and general $2,094
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $40,351 · program services $40,351
-
24d · Other expenses: PROGRAM EVENTS
total $33,030 · program services $17,750 · management and general $748 · fundraising $14,532
-
24e · All other expenses
total $34,148 · program services $13,341 · management and general $15,227 · fundraising $5,580
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $907,946 · end of year $223,350
-
3 · Pledges and grants receivable
beginning of year $446,320 · end of year $130,000
-
4 · Accounts receivable
beginning of year $798 · end of year $29,513
-
9 · Prepaid expenses and deferred charges
end of year $1,190
-
10a · Land, buildings and equipment: cost or other basis
$3,220,862
-
10b · Land, buildings and equipment: accumulated depreciation
$161,225
-
10c · Land, buildings and equipment, net
beginning of year $293,582 · end of year $3,059,637
-
14 · Intangible assets
beginning of year $4,083 · end of year $3,250
-
15 · Other assets
beginning of year $25,813 · end of year $813
-
17 · Accounts payable and accrued expenses
beginning of year $64,990 · end of year $81,504
-
24 · Unsecured notes and loans payable
beginning of year $566,418 · end of year $2,854,917
-
27 · Net assets without donor restrictions
beginning of year $755,149 · end of year $494,347
-
28 · Net assets with donor restrictions
beginning of year $291,985 · end of year $16,985
Mission and programs · 2024
Mission
LAUNCH EMPOWERS INDIVIDUALS AND IMPACTS COMMUNITIES THROUGH ENTREPRENEURSHIP.
-
LAUNCH EMPOWERS INDIVIDUALS AND IMPACTS COMMUNITIES THROUGH ENTREPRENEURSHIP. WE WORK TIRELESSLY TO ENSURE THAT ANYONE WITH A BUSINESS DREAM HAS THE TOOLS TO BRING IT TO LIFE, ESPECIALLY THOSE UNDERREPRESENTED IN ENTREPRENEURSHIP. OUR FOCUS IS ON BUSINESSES OWNED BY WOMEN, PEOPLE OF COLOR, YOUTH, AND FOOD ENTREPRENEURS.USING OUR COLLECTIVE RESOURCES, RELATIONSHIPS, CREATIVITY, AND BUSINESS EXPERTISE, WE HELP INDIVIDUALS START AND STRENGTHEN THEIR BUSINESSES. WE PROVIDE A SUPPORT SYSTEM FOR THOSE WITHOUT ONE, BELIEVING IT IS KEY TO THEIR LONG-TERM SUCCESS. SINCE 2011, LAUNCH HAS SUPPORTED BUSINESSES AND TRACKED THEIR PROGRESS. REMARKABLY, 85% OF THE BUSINESSES WE'VE HELPED ARE STILL OPERATING TODAY.WE ARE CONTINUALLY INSPIRED BY THE ENTREPRENEURS WE WORK WITH. PLEASE CONSIDER INVESTING IN OUR EFFORTS AND PARTNERING WITH US ON THIS EXCITING JOURNEY!
Expenses $1,014,214 · Grants $5,591 · Revenue $301,101
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Hal BowlingHAL BOWLING
CEO
- Total calculated
- $131,795
- From this org
- $122,707
- From related orgs
- $0
- Other
- $9,088
- Hours/week
- 40
-
Zac BrownZAC BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marcus Cade-JohnsonMARCUS CADE-JOHNSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Chuck FisherCHUCK FISHER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey GallaherLINDSEY GALLAHER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Quentin LawrenceQUENTIN LAWRENCE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Juli-Ann MorganJULI-ANN MORGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ternae Jordan SrTERNAE JORDAN SR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Luis ContrerasLUIS CONTRERAS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dejuan JordanDEJUAN JORDAN
CEO
- Total calculated
- $121,795
- From this org
- $112,707
- From related orgs
- $0
- Other
- $9,088
- Hours/week
- 40
-
Mandy Senn-SimmonsMANDY SENN-SIMMONS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502259349300710
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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