Launch Athletics Inc
- Assets
- $24.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, IN
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 47-3295617
Organization Overview
Launch Athletics Inc is located in Greenwood, IN. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Athletics 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 06/2022, Launch Athletics Inc generated $10.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $25.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE YOUNG ATHLETES WITH ACCESS TO COACHES AND INFORMATION, AND AN ATMOSPHERE TO PROMOTE A PRODUCTIVE LIFE OF SUCCESS AND ACHIEVEMENT. SUPPORTED AND ASSISTED YOUTH ATHLETES IN ALL NONCOMPETITIVE AND COMPETITIVE SPORTS THAT THE BOARD OF DIRECTORS VOTED UPON; ALLOW CHILDREN WHO ARE LESS FORTUNATE, TO PARTICIPATE IN A SPORT THAT WILL NOT ONLY RESULT IN GOOD HEALTH AND PROLONG LIFE, BUT TEACH THEM ABOUT THE POSITIVE OUTCOME OF HARD WORK AND DISCIPLINE, AND HELP EMPOWER AND EDUCATE YOUNG GIRLS. A YEAR END BANQUET WAS HELD TO HONOR THOSE ATHLETES THAT EXCELLED DURING THE YEAR AND ENCOURAGE SUPPORT OF ALL ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanna Stroud Vice Preside | 0.5 | $0 | |
Sean White President | 1 | $0 | |
Lori White Secretary | 0.5 | $0 | |
Tracy Smith Treasurer | 1 | $0 | |
Angie Garland Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $185 |
| Total Program Service Revenue | $7,591 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,863 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $780 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,089 |
| Total expenses | $25,619 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,001 |
| Other assets | $0 |
| Total assets | $24,001 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Launch Athletics Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
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|---|---|---|
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Embarc Inc Chicago, IL | $4,540,107 | $3,839,352 |
A Million Stars Inc St Louis, MO | $6,740,657 | $2,484,208 |
Horizons For Youth Chicago, IL | $2,942,053 | $2,593,417 |
Indiana Teen Challenge Inc Lebanon, IN | $2,237,297 | $2,479,457 |