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Nonprofiteer
← LAUNCH ALASKA

Form 990 for tax year 2023

Filed by LAUNCH ALASKA.

Totals

Total revenue
$2,527,982
Total expenses
$2,631,776
Contributions and grants received
$2,430,584
Grants paid
$158,790
Program service revenue
$93,794
Investment income
$0
Other revenue
$3,604
Total assets, end of year
$648,321
Total liabilities, end of year
$737,012
Net assets or fund balances, end of year
-$88,691
Program services expenses (Part IX)
$2,447,414
Management and general expenses
$171,113
Fundraising expenses
$13,249
Program service expenses (Part III)
$2,447,414

Program services were 93.0% 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.

  • 1e · Government grants (contributions)

    $2,427,656

  • 1f · All other contributions, gifts and grants

    $2,928

  • 2a · Program service revenue: CONTRACT REVENUE

    total $93,794 · related or exempt $93,794

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,604 · excluded $3,604

  • 11e · Other revenue, total

    $3,604

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $158,790 · program services $158,790

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $713,321 · program services $662,079 · management and general $45,816 · fundraising $5,426

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $693,139 · program services $643,347 · management and general $44,520 · fundraising $5,272

  • 8 · Pension plan contributions

    total $19,386 · program services $17,994 · management and general $1,245 · fundraising $147

  • 9 · Other employee benefits

    total $7,000 · program services $6,497 · management and general $450 · fundraising $53

  • 10 · Payroll taxes

    total $108,710 · program services $100,900 · management and general $6,982 · fundraising $828

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $40,609 · program services $37,834 · management and general $2,775

  • 11c · Fees: accounting

    total $79,863 · program services $74,405 · management and general $5,458

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $674,727 · program services $628,611 · management and general $46,116

  • 12 · Advertising and promotion

    total $3,318 · program services $2,747 · management and general $571

  • 13 · Office expenses

    total $13,502 · program services $11,718 · management and general $1,784

  • 14 · Information technology

    total $32,013 · program services $29,337 · management and general $2,676

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $18,857 · program services $17,997 · management and general $860

  • 17 · Travel

    total $22,148 · program services $20,418 · management and general $1,201 · fundraising $529

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $18,197 · program services $14,466 · management and general $3,213 · fundraising $518

  • 20 · Interest

    total $514 · program services $280 · management and general $234

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $3,760 · program services $2,049 · management and general $1,711

  • 24a · Other expenses: SPECIAL EVENTS

    total $16,704 · program services $13,279 · management and general $2,949 · fundraising $476

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $6,023 · program services $3,553 · management and general $2,470

  • 24c · Other expenses: MEMBERSHIP AND SUBSCRIPTIONS

    total $1,195 · program services $1,113 · management and general $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,621 · end of year $88,678

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $477,407

  • 4 · Accounts receivable

    beginning of year $84,433 · end of year $13,352

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $24,231

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $44,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $256,641 · end of year $524,686

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $161,488

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $18,044 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $50,838

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$64,631 · end of year -$88,691

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • In 2023 Launch Alaska supported 19 startups, created 72 new jobs, facilitated 19 tech demonstrations, and unlocked more than $391 million worth of projects in Alaska.

    Expenses $2,447,414 · Grants $158,790 · Revenue $93,794

As filed on the 2023 return.

Listed in Part VII

  • Isaac Vanderburg

    Vice President, CEO

    Total calculated
    $199,685
    From this org
    $192,413
    From related orgs
    $0
    Other
    $7,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,413
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,772
    Nontaxable benefits
    $1,500
    Filer's total
    $199,685

  • Robert Roys

    Chief Innovation Officer

    Total calculated
    $196,092
    From this org
    $189,093
    From related orgs
    $0
    Other
    $6,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,093
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,673
    Nontaxable benefits
    $1,326
    Filer's total
    $196,092

  • Frances Ball

    Chief Operations Officer

    Total calculated
    $169,355
    From this org
    $162,966
    From related orgs
    $0
    Other
    $6,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,966
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,889
    Nontaxable benefits
    $1,500
    Filer's total
    $169,355

  • Penny Gage

    Chief Policy and Partnerships

    Total calculated
    $167,910
    From this org
    $161,563
    From related orgs
    $0
    Other
    $6,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,563
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,847
    Nontaxable benefits
    $1,500
    Filer's total
    $167,910

  • Brij Hal-Potnis

    Deployment Lead

    Total calculated
    $157,806
    From this org
    $151,753
    From related orgs
    $0
    Other
    $6,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,753
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,553
    Nontaxable benefits
    $1,500
    Filer's total
    $157,806

  • Timothy Leach

    Deputy Director Transportation

    Total calculated
    $156,380
    From this org
    $150,369
    From related orgs
    $0
    Other
    $6,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,369
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,511
    Nontaxable benefits
    $1,500
    Filer's total
    $156,380

  • Kirsten Swann

    Deputy Director, Marketing

    Total calculated
    $116,291
    From this org
    $111,447
    From related orgs
    $0
    Other
    $4,844
    Hours/week
    40

  • Suzanna Caldwell

    Tech Deployment Track Manager

    Total calculated
    $104,781
    From this org
    $100,273
    From related orgs
    $0
    Other
    $4,508
    Hours/week
    40

  • Angela Rodell

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Chad Estes

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Tom Hsieh

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Dane Boysen

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Michelle McNulty

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Michael Bourdukofsky

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Daniel Mitchell

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Joe Jacobsen

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Charles Mobley

    Chief Deployment Officer

    Total calculated
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Launch Alaska Fund LLC

    RELATED · Investments · AK · 0.075% owned · share of income $0 · share of assets $87

    Directly controlled by NA

  • Launch Alaska Fund II LLC

    RELATED · Investments · AK · 0.005% owned · share of income $0 · share of assets $15

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349312903

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