Launch Alaska
- Assets
- $119.9k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Anchorage, AK
- Founding
- 06/2016
- Data as of
- 06/2022
- EIN
- 47-4899425
Organization Overview
Launch Alaska is located in Anchorage, AK. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Launch Alaska employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Alaska 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 Alaska generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 35.5% per year over the past 4 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH TO THE BUSINESS STARTUP COMMUNITY AND THE OVERALL BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Vanderburg Vice President, CEO | OfficerTrustee | 40 | $139,777 |
Rob Roys Chief Innovation Officer | Officer | 40 | $139,132 |
Brij Hall-Potnis Deployment Lead | 40 | $139,497 | |
Frances Ball Chief Operations Officer | Officer | 40 | $112,187 |
Pam Kauveiyakul Chief Partnerships Officer | Officer | 40 | $63,502 |
Penny Gage Managing Director | Officer | 40 | $43,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,729,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,764,418 |
| Total Program Service Revenue | $211,131 |
| 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 | $1,975,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,911 |
| 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. | $655,288 |
| Compensation of current officers, directors, key employees. | $194,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,078 |
| Pension plan accruals and contributions | $5,699 |
| Other employee benefits | $1,360 |
| Payroll taxes | $89,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $136,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $398,318 |
| Advertising and promotion | $1,229 |
| Office expenses | $21,936 |
| Information technology | $28,518 |
| Royalties | $0 |
| Occupancy | $4,896 |
| Travel | $23,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,009 |
| Interest | $1,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,687 |
| All other expenses | $894 |
| Total functional expenses | $1,981,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$53,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $99,912 |
| Accounts receivable, net | $73,859 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,878 |
| Accounts payable and accrued expenses | $390,293 |
| Grants payable | $0 |
| Deferred revenue | $46,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $55,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $491,993 |
| Net assets without donor restrictions | $0 |
| 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 | -$372,115 |
| Total liabilities and net assets/fund balances | $119,878 |