Launch Global
- Assets
- $6.0m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 166
- Location
- Richardson, TX
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 20-3826376
Organization Overview
Launch Global is located in Richardson, TX. The organization was established in 2005. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Launch Global employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Global is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Launch Global generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 17.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH LOCAL CHURCHES TO DEVELOP LABORERS AND LEADERS WHO WILL SERVE COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCH GLOBAL PROVIDED ADMINISTRATIVE AND TRAINING SERVICES FOR CHURCHES. WE ASSISTED THEM IN DEVELOPING CULTURALLY SENSITIVE SERVANT LEADERS. EXPENSES ARE RELATED TO VARIOUS FUNCTIONS OF CARRYING ON THIS WORK DURING THE CURRENT YEAR. THESE EXPENSES INCLUDE TRAINING, PREPARING, AND SUPPORTING THE WORK OF THE LEADERS AND LABORERS. SOME OF THE VARIOUS EVENTS AND PROGRAMS INCLUDE:(A) ON-SITE TRAINING FOR 22 US CHURCHES IN 16 CITIES ACROSS THE US AND 6 INTERNATIONAL LOCATIONS,(B) MENTORSHIP AND COACHING OF 15 TRAINING COMMUNITIES, (C) A NATIONAL CONFERENCE PROMOTING VISION AND CHARACTER,(D) DEVELOPED AND TRAINED OVER 1,000 PEOPLE BOTH DOMESTICALLY AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcnabb Director/executive Director | OfficerTrustee | 40 | $132,212 |
Daniel Howell Trainer | 40 | $109,434 | |
Guthry Edwards Trainer | 40 | $102,717 | |
Laura Appling Treasurer/finance Director | Officer | 40 | $86,682 |
Barry Morehead Director/operations Director | OfficerTrustee | 40 | $53,977 |
Drew Rickets Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $557,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,731,676 |
| Noncash contributions included in lines 1a–1f | $3,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,289,126 |
| Total Program Service Revenue | $38,621 |
| Investment income | $26,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,354,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,871 |
| Compensation of current officers, directors, key employees. | $272,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,471,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $568,689 |
| Payroll taxes | $460,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,850 |
| Fees for services: Accounting | $22,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,786 |
| Advertising and promotion | $0 |
| Office expenses | $123,968 |
| Information technology | $58,493 |
| Royalties | $0 |
| Occupancy | $61,874 |
| Travel | $297,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,436 |
| Insurance | $41,534 |
| All other expenses | $15,148 |
| Total functional expenses | $9,491,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,300,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,288 |
| Net Land, buildings, and equipment | $40,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,419 |
| Total assets | $5,975,467 |
| Accounts payable and accrued expenses | $303,162 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $303,162 |
| Net assets without donor restrictions | $5,465,821 |
| Net assets with donor restrictions | $206,484 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,975,467 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Launch Global has recieved totaling $454,769.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $247,350 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $90,600 |
Moore For Kids Lockport, NY PURPOSE: CHURCH PARTNERSHIPS | $50,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $29,650 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,169 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $10,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Solutions For South Texas Laredo, TX | $2,166,011 | $19,867,882 |
Deep East Texas Local Workforce Development Board Incorporated Lufkin, TX | $1,729,428 | $18,410,549 |
Launch Global Richardson, TX | $5,975,467 | $10,354,602 |
Rural Capital Area Workforce Development Board Inc Cedar Park, TX | $3,449,616 | $9,394,999 |
Project Quest Inc San Antonio, TX | $2,369,598 | $9,372,995 |
Texas Educational Foundation Inc San Antonio, TX | $1,129,254 | $386,993 |
Gulf Coast Carpenters & Millwrights Training Trust Fund Austin, TX | $15,423,241 | $7,036,287 |
Southwestern Line Construction Electrical Joint Apprenticeship Albuquerque, NM | $14,369,563 | $8,044,899 |
Employment Resources Inc Tulsa, OK | $2,608,990 | $4,335,874 |
C L C Inc Fort Worth, TX | $2,716,562 | $3,129,165 |
Joint Apprentice Committee Of Local Union 211 Deer Park, TX | $12,119,374 | $2,928,345 |
Houstons Capital Investing In Development & Employment Of Adults Houston, TX | $725,437 | $2,217,436 |