The Launchcode Foundation
- Assets
- $21.2m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 473
- Location
- Saint Louis, MO
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 47-1718432
Organization Overview
The Launchcode Foundation is located in Saint Louis, MO. The organization was established in 2014. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2022, Launchcode Foundation employed 473 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launchcode Foundation 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 12/2022, Launchcode Foundation generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $17.7m during the year ending 12/2022. While expenses have increased by 22.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A SKILLED WORKFORCE BY CREATING PATHWAYS FOR DRIVEN PEOPLE SEEKING CAREERS IN TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHCODE INCREASES ECONOMIC OPPORTUNITY AND UPWARD MOBILITY BY PLACING DRIVEN INDIVIDUALS INTO TECHNOLOGY APPRENTICESHIPS AND JOBS BASED ON APTITUDE, PROFESSIONALISM, AND SKILLS. IN 2022, WE WORKED WITH HUNDREDS OF COMPANIES AND EDUCATION PARTNERS TO HELP OUR CANDIDATES OVERCOME TRADITIONAL BARRIERS TO EMPLOYMENT SUCH AS FORMAL DEGREES OR YEARS OF JOB EXPERIENCE, PLACING 330 INDIVIDUALS INTO APPRENTICESHIPS OR PERMANENT JOBS IN TECHNOLOGY. LAUNCHCODE PROVIDED TECH EDUCATION SERVICES TO 1,268 NEW INDIVIDUALS IN 2022. IN PURSUIT OF THIS GOAL, LAUNCHCODE RECEIVED SUBSTANTIAL IN-KIND SUPPORT (RENT, CONSULTING, ACCOUNTING AND LEGAL SERVICES, MENTORING, DIGITAL MARKETING AND SOFTWARE LICENSES FOR APPRENTICESHIP CANDIDATES) VALUED AT $2,407,402.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Northrop Lead Managing Director | 60 | $150,568 | |
Crystal Clump Senior Managing Director | 60 | $130,570 | |
Lin Wang Chief Program Officer | 60 | $114,423 | |
Keith Slater VP Of Technology | 60 | $110,195 | |
Jeff Mazur Executive Director (res. 11/22) | Officer | 60 | $108,803 |
Ethan Leigh CFO | Officer | 60 | $106,959 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Learnquest Job Training | 12/30/19 | $157,349 |
Advocacy Group At Cardenas Partners Llc Lobbying Activities | 12/30/19 | $104,100 |
Pegasystems Job Training | 12/30/19 | $101,678 |
Discoverorg Marketing | 12/30/19 | $105,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $317,882 |
| Related organizations | $0 |
| Government grants | $606,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,524,306 |
| Noncash contributions included in lines 1a–1f | $850,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,448,642 |
| Total Program Service Revenue | $15,125,219 |
| Investment income | $101,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,721 |
| Net Income from Fundraising Events | -$42,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,627,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,667 |
| 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. | $276,153 |
| Compensation of current officers, directors, key employees. | $262,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,356,104 |
| Pension plan accruals and contributions | $241,870 |
| Other employee benefits | $763,327 |
| Payroll taxes | $949,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,325 |
| Fees for services: Accounting | $69,992 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $33,110 |
| Fees for services: Investment Management | $8,320 |
| Fees for services: Other | $1,825,309 |
| Advertising and promotion | $109,075 |
| Office expenses | $959,650 |
| Information technology | $260,393 |
| Royalties | $0 |
| Occupancy | $120,770 |
| Travel | $55,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,506 |
| Interest | $32 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,440 |
| Insurance | $106,290 |
| All other expenses | $0 |
| Total functional expenses | $17,703,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,707,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,477,453 |
| Accounts receivable, net | $2,071,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,876,800 |
| Inventories for sale or use | $307 |
| Prepaid expenses and deferred charges | $117,139 |
| Net Land, buildings, and equipment | $303,036 |
| Investments—publicly traded securities | $5,016,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,613,247 |
| Total assets | $21,183,312 |
| Accounts payable and accrued expenses | $681,659 |
| Grants payable | $0 |
| Deferred revenue | $49,545 |
| 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 | $3,537,440 |
| Total liabilities | $4,268,644 |
| Net assets without donor restrictions | $15,657,548 |
| Net assets with donor restrictions | $1,257,120 |
| 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 | $21,183,312 |
Grants Awarded
Over the last fiscal year, The Launchcode Foundation has awarded $112,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON UNIVERSITY - ST LOUIS SOCIAL POLICY INSTITUTE PURPOSE: MEASURE SKILLS GAINED FROM JUSTECH PROGRAM (LC101 CODING COURSES AT MO DOC FACILITIES) | $41,667 |
LAUNCHCODE 4811 DELMAR BUILDING OWNER PURPOSE: TRANSFER TO SUPPORTING ORGANIZATION | $71,000 |