Launch Terre Haute
- Assets
- $167.1k
- Revenue
- $306.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Terre Haute, IN
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 46-5697332
Organization Overview
Launch Terre Haute is located in Terre Haute, IN. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Launch Terre Haute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Terre Haute 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 12/2023, Launch Terre Haute generated $306.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $252.3k during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLABORATIVE WORKSPACE OPEN TO FREELANCE WORKERS, INDEPENDENT WORKERS, INDEPENDENT CONTRACTORS, ENTREPRENEURS, AND START UP COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT SUSTAINABLE ECONOMIC DEVELOPMENT AND ENTREPRENEURIAL SPIRIT BY FOSTERING A CULTURE OF INNOVATION, EMBRACING CREATIVE THINKING, ADVANCING LOCAL TALENT, AND PROVIDING A BEACON FOR SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor Caldwell Treasurer | Officer | 1 | $0 |
Sara Smith Vice President | Officer | 1 | $0 |
David Templeton President | Officer | 1 | $0 |
Norm Lowry Vice President | Officer | 1 | $0 |
Donald Scott Vice President | Officer | 1 | $0 |
John Collett Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,419 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,278 |
| Total Program Service Revenue | $43,702 |
| Investment income | $0 |
| 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 | $305,980 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $338 |
| Payroll taxes | $4,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,092 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,751 |
| Travel | $2 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,830 |
| Insurance | $1,622 |
| All other expenses | $7,089 |
| Total functional expenses | $252,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,828 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,389 |
| 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 | $31,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $560 |
| Total assets | $167,060 |
| Accounts payable and accrued expenses | $1,051 |
| 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 | $1,797 |
| Total liabilities | $2,848 |
| Net assets without donor restrictions | $164,212 |
| 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 | $167,060 |