LAUNCHYOURCITY INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- LAUNCHYOURCITY INC (EIN 26-3190220)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-11
- IRS object ID
- 202033169349304963
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-11T15:10:59-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 261180446 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MARSTON GROUP PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1661 INTERNATIONAL DRIVE SUITE 250 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263190220 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAUNCHYOURCITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAUN | BusinessNameControlTxt |
| Phone | 9012137795 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 UNION AVENUE 2ND FLOOR | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC MATHEWS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9012137795 | PhoneNum |
| Signature | 2020-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SUSAN M LATTIMORE | PreparerPersonNm |
| PTIN | P00834343 | PTIN |
| Phone | 9017613003 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.132.242.106 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-10 | IPDt |
| IP Tm | 14:39:45 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 04C3613A0FD54F88308D1A99835A4B8625824EF5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | START CO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ERIC MATHEWS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 UNION AVENUE 2ND FLOOR | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,346,074 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NEVERSTOP.CO | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL ENTREPRENEURS TO TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS. ADDITIONALLY, LAUNCHYOURCITY SUPPLIES A CO-WORKING ENVIRONMENT TO LOWER THE ECONOMIC BARRIER OF ENTRY TO INCUBATION ALONG WITH AD HOC MENTORING. FOR STARTUPS AND BUSINESSES, LAUNCHYOURCITY PROVIDES MEMPHIS' ONLY DYNAMIC INNOVATION ECONOMY PROGRAMMING TO KEEP UP-TO-SPEED ON THE LATEST TRENDS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $555,634 | PYContributionsGrantsAmt |
| CY Contributions Grants | $246,955 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $560,445 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,088,319 | CYProgramServiceRevenueAmt |
| PY Investment Income | $216 | PYInvestmentIncomeAmt |
| CY Investment Income | $143 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $10,657 | CYOtherRevenueAmt |
| PY Total Revenue | $1,116,295 | PYTotalRevenueAmt |
| CY Total Revenue | $1,346,074 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $421,084 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $545,741 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $153,067 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $802,841 | PYOtherExpensesAmt |
| CY Other Expenses | $1,072,964 | CYOtherExpensesAmt |
| PY Total Expenses | $1,223,925 | PYTotalExpensesAmt |
| CY Total Expenses | $1,618,705 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$107,630 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$272,631 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $349,982 | TotalAssetsBOYAmt |
| Total Assets EOY | $120,185 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $449,676 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $701,879 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$99,694 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$581,694 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL ENTREPRENEURS TO TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS. ADDITIONALLY, LAUNCHYOURCITY SUPPLIES A CO-WORKING ENVIRONMENT TO LOWER THE ECONOMIC BARRIER OF ENTRY TO INCUBATION ALONG WITH AD HOC MENTORING. FOR STARTUPS AND BUSINESSES, LAUNCHYOURCITY PROVIDES MEMPHIS' ONLY DYNAMIC INNOVATION ECONOMY PROGRAMMING TO KEEP UP-TO-SPEED ON THE LATEST TRENDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,326,554 | ExpenseAmt |
| Revenue | $1,098,976 | RevenueAmt |
| Desc | SUPPORTING EARLY-STAGE START-UPS IN ALL AREAS OF BUSINESS DEVELOPMENT. ENTREPRENEURS ARE SCHOOLED IN DEVELOPING A BUSINESS MODEL THAT WILL ACHIEVE SUSTAINABILITY. THEY RECEIVE MENTORING, FINANCIAL COUNSELING AND OPPORTUNITIES TO COMPETE IN THE MARKETPLACE FOR INVESTOR FUNDING. | Desc |
| Total Program Service Expenses | $1,326,554 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 7 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERIC MATHEWS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9012137795 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 UNION AVENUE 2ND FLOOR | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ERIC MATHEWS | ||||||
| CEO, PRESIDENT, FOUNDER | 40.00 | Yes (X) | Yes (X) | $87,500 | $0 | $0 |
| ANDRE FOWKLES | ||||||
| CO-PRESIDENT, OBSERVER BOA | 40.00 | Yes (X) | Yes (X) | $83,333 | $0 | $0 |
| DARRELL COBBINS | ||||||
| BOARD MEMBER, SECRETARY | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRAD SILVER | ||||||
| BOARD MEMBER, TREASURER | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DOUGLAS SCARBORO | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GWIN SCOTT | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHRIS WILLIAMS | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TOM BAKER | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS HUSSEY | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHARLES BEECH | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PHIL BLUM | ||||||
| BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| EMILY BRACKSTONE | ||||||
| LEGAL COUNSEL, OBSERVER BO | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JIMMY DICKEY | ||||||
| CPA, OBSERVER BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHIP MARSTON | ||||||
| CPA, OBSERVER BOARD MEMBER | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN OGLE | ||||||
| PART-TIME CFO, OBSERVER BO | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $170,833 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $246,955 | AllOtherContributionsAmt |
| Total Contributions | $246,955 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ENTREPRENEUR TRAINING | Desc |
| Business | 541900 | BusinessCd |
| Total Revenue Column | $1,088,319 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,088,319 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,088,319 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $143 | TotalRevenueColumnAmt |
| Exclusion | $143 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 541900 | BusinessCd |
| Total Revenue Column | $10,657 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,657 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $10,657 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,346,074 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,098,976 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $143 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,833 | TotalAmt |
| Program Services | $136,667 | ProgramServicesAmt |
| Management And General | $17,083 | ManagementAndGeneralAmt |
| Fundraising | $17,083 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $323,276 | TotalAmt |
| Program Services | $258,620 | ProgramServicesAmt |
| Management And General | $32,328 | ManagementAndGeneralAmt |
| Fundraising | $32,328 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,493 | TotalAmt |
| Program Services | $10,794 | ProgramServicesAmt |
| Management And General | $1,349 | ManagementAndGeneralAmt |
| Fundraising | $1,350 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,139 | TotalAmt |
| Program Services | $30,511 | ProgramServicesAmt |
| Management And General | $3,814 | ManagementAndGeneralAmt |
| Fundraising | $3,814 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,163 | TotalAmt |
| Program Services | $18,163 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,616 | TotalAmt |
| Management And General | $16,616 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,677 | TotalAmt |
| Program Services | $26,000 | ProgramServicesAmt |
| Management And General | $2,677 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,516 | TotalAmt |
| Program Services | $47,516 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,971 | TotalAmt |
| Program Services | $17,667 | ProgramServicesAmt |
| Management And General | $727 | ManagementAndGeneralAmt |
| Fundraising | $577 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,512 | TotalAmt |
| Program Services | $167,630 | ProgramServicesAmt |
| Management And General | $20,941 | ManagementAndGeneralAmt |
| Fundraising | $20,941 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,850 | TotalAmt |
| Program Services | $50,102 | ProgramServicesAmt |
| Management And General | $19,189 | ManagementAndGeneralAmt |
| Fundraising | $32,559 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,653 | TotalAmt |
| Management And General | $2,653 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,957 | TotalAmt |
| Management And General | $8,957 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,891 | TotalAmt |
| Program Services | $7,913 | ProgramServicesAmt |
| Management And General | $989 | ManagementAndGeneralAmt |
| Fundraising | $989 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| EVENT EXPENSES | $413,152 | $373,907 | $39,245 | |
| COMMUNITY DEVELOPMENT | $134,313 | $134,313 | ||
| INTERNET & TELEPHONE | $24,531 | $20,357 | $2,087 | $2,087 |
| SUPPLIES | $20,943 | $16,755 | $2,094 | $2,094 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,219 | TotalAmt |
| Program Services | $9,639 | ProgramServicesAmt |
| Management And General | $7,580 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,618,705 | TotalAmt |
| Program Services | $1,326,554 | ProgramServicesAmt |
| Management And General | $139,084 | ManagementAndGeneralAmt |
| Fundraising | $153,067 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,697 | BOYAmt |
| EOY | $32,036 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,415 | BOYAmt |
| EOY | $46,200 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,856 | BOYAmt |
| EOY | $1,515 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $87,099 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $65,084 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,856 | BOYAmt |
| EOY | $22,015 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,594 | BOYAmt |
| EOY | $7,594 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,564 | BOYAmt |
| EOY | $10,825 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,982 | BOYAmt |
| EOY | $120,185 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,131 | BOYAmt |
| EOY | $264,175 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $120,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $388,545 | BOYAmt |
| EOY | $317,704 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $449,676 | BOYAmt |
| EOY | $701,879 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$99,694 | BOYAmt |
| EOY | -$581,694 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$99,694 | BOYAmt |
| EOY | -$581,694 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,982 | BOYAmt |
| EOY | $120,185 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$272,631 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$209,369 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (1) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | 0 | FSAuditedInd |
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $809,625 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,639,625 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $719,067 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,011,225 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,345,931 | CurrentTaxYearAmt |
| Total | $5,525,473 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $809,625 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,639,625 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $719,067 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,011,225 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,345,931 | CurrentTaxYearAmt |
| Total | $5,525,473 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $5,525,473 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $117 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $444 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $213 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $216 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $143 | CurrentTaxYearAmt |
| Total | $1,133 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,526,606 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $520,819 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.99980 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99980 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,220 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,257 | DepreciationAmt |
| Book Value | $2,963 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $74,879 | OtherCostOrOtherBasisAmt |
| Depreciation | $55,827 | DepreciationAmt |
| Book Value | $19,052 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,015 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MARKETABLE SECURITIES | $6,600 | C |
| INVESTMENT BOOSTERVILLE | $994 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $7,594 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM WOLF RIVER ANGELS | $5,605 |
| DUE FROM WOLF RIVER PARTNERS | $3,136 |
| DUE FROM CAPITAL C SCHOOL | $7,368 |
| DUE FROM VENTURE C CORP | $2,611 |
| DUE FROM WOLF RIVER ANGELS II | $8,160 |
| DUE FROM WOLF RIVER PARTNERS II | $3,274 |
| DUE FROM WOLF RIVER ANGELS I | $8,508 |
| WOLF RIVER ANGELS FUND II | -$28,750 |
| DUE FROM WOLF RIVER ANGELS III | $913 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $10,825 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| AMERICAN EXPRESS | $105,588 |
| DUE TO WOLF RIVER ANGELS FUND III, LP | $161,674 |
| AGLAUNCH HOLDING | $442 |
| DEFERRED REVENUE | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $317,704 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,346,074 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,346,074 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,346,074 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,618,705 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,618,705 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,618,705 | TotalExpensesPerForm990Amt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE ACCOUNTANT PREPARING FORM 990 PRESENTS A COPY TO THE BOARD OF DIRECTORS AND EXECUTIVES FOR APPROVAL BEFORE FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS AND FORM 990 FOR LAUNCHYOURCITY DBA LAUNCHMEMPHIS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S EXECUTIVES OR A MEMBER OF THE BOARD. |
| FORM 990, PART XI, LINE 9: | ADJUSTMENTS PURSUANT TO PRIOR YEAR AUDITED FINANCIALS -209,369. |