Launch Ministries Inc
- Assets
- $260.1k
- Revenue
- $356.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Meridian, ID
- Founding
- 06/2007
- Data as of
- 07/2024
- EIN
- 20-5006374
Organization Overview
Launch Ministries Inc is located in Meridian, ID. The organization was established in 2007. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 07/2024, Launch Ministries Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Ministries Inc 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 07/2024, Launch Ministries Inc generated $356.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $344.5k during the year ending 07/2024. While expenses have increased by 5.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
GUIDE - TO INTRODUCE AND GUIDE STUDENTS TO SUBMIT ALL OF LIFE TO THE EMPOWERING PRESENCE AND LORDSHIP OF JESUS CHRIST THROUGH EXPERIENTIAL AND COMMUNITY BASED LEARNING. EQUIP - TO HELP STUDENTS EMBRACE BIBLICAL CONVICTIONS IN ALL OF LIFE, AND TO INSTILL A PASSION FOR LIVING ON MISSION. LAUNCH - TO EMBED CONFIDENCE, GRACIOUSNESS, AND PASSION IN STUDENTS TO LIVE OUT GOD'S PURPOSE FOR THEIR LIFE TODAY, AND THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023/2024 HAS BEEN A YEAR OF UTILIZING DIFFERENT METHODS OF ACCOMPLISHING OUR UNCHANGING MISSION. WE HAVE UTILIZED SOCIAL MEDIA, AND ONLINE PLATFORMS TO DELIVER OUR CLASS CONTENT TO THE PUBLIC HIGH SCHOOL STUDENTS WHO TAKE OUR CHRISTIAN RELEASE TIME CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rock Brown Executive Di | Trustee | 40 | $76,230 |
Boyce Bailey President | Officer | 2 | $0 |
Tony Ball Secretary | Officer | 2 | $0 |
Cory Freese Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,104 |
| Total Program Service Revenue | $0 |
| Investment income | $5,362 |
| 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 | $356,706 |
| 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. | $76,230 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $109,469 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,325 |
| Other employee benefits | $0 |
| Payroll taxes | $7,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $847 |
| Fees for services: Accounting | $6,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,250 |
| Advertising and promotion | $574 |
| Office expenses | $0 |
| Information technology | $9,289 |
| Royalties | $0 |
| Occupancy | $32,753 |
| Travel | $5,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,975 |
| All other expenses | $15,706 |
| Total functional expenses | $344,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,301 |
| Savings and temporary cash investments | $51,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $118,196 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,148 |
| Accounts payable and accrued expenses | $1,189 |
| 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 | $1,189 |
| Net assets without donor restrictions | $258,959 |
| Net assets with donor restrictions | $0 |
| 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 | $260,148 |