Launch Terre Haute
- Assets
- $84.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Terre Haute, IN
- Founding
- 12/2015
- Data as of
- 12/2021
- 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 12/2021, Launch Terre Haute employed 5 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 12/2021, Launch Terre Haute generated $142.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $145.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
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 |
|---|---|---|---|
Jared Ell Executive Director | 40 | $49,465 | |
Brian Kooistra Vice President | 1 | $0 | |
John Collett President | 1 | $0 | |
Kurt Wilkinson Director | 1 | $0 | |
Bernice Helman Vice President | 1 | $0 | |
Eleanor Caldwell Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,470 |
| Total Program Service Revenue | $1,915 |
| Membership dues | $15,099 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $32,260 |
| Total Revenue | $142,744 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,501 |
| Professional fees and other payments to independent contractors | $3,016 |
| Occupancy, rent, utilities, and maintenance | $30,770 |
| Printing, publications, postage, and shipping | $562 |
| Other expenses | $32,276 |
| Total expenses | $145,125 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,705 |
| Other assets | $0 |
| Total assets | $84,441 |
| Total liabilities | $3,100 |
| Net assets or fund balances | $81,341 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Launch Terre Haute has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Indiana Chemical Trust Evansville, IN PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |