Launch Academy Inc
- Assets
- $54.2k
- Revenue
- $214.6k
- Investments
- $0.0
- Employees
- 30
- Location
- Brazil, IN
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-4172296
Organization Overview
Launch Academy Inc is located in Brazil, IN. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Launch Academy Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Academy 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 12/2022, Launch Academy Inc generated $214.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $202.7k during the year ending 12/2022. 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
LAUNCH ACADEMY PERFORMS EDUCATIONAL SERVICES PRIMARILY FOR PRE KINDERGARTEN AND KINDERGARTEN STUDENTS PREPARING THEM FOR PUBLIC SCHOOLS. LAUNCH ALSO PROVIDES TUTORING SERVICES FOR ELEMENTARY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCH BEGAN PROGRAM OPERATIONS AS A NONPROFIT IN THE BEGINNING OF THE SCHOOL YEAR IN AUGUST 2019. LAUNCH BEGAN THE SCHOOL YEAR WITH 81 STUDENTS ATTENDING MONDAY THRU THURSDAY WITH A MORNING AND AFTERNOON. STUDENTS ARE SCHOOLED IN LETTER RECOGNITION, PHONEMIC SOUNDS, READING READINESS SKILLS, WRITING, FORMAL SENTENCE STRUCTURE, RHYMING, NUMBER AWARENESS, COUNTING, MONEY RECOGNITION, TELLING TIME, SHAPES RECOGNITION OF COLORS, SITE WORKD RECOGNITION, GEOMETRIC SHAPES, BASIC MATH SYMBOLS, GEOGRAPHY, AND MANY LIFE SKILLS. LAUNCH TESTS AT THE BEGINNING AND END OF EACH SCHOOL YEAR TO MEASURE GROWTH GAINS. REMEDIATION IS AVAILABLE FOR THOSE STUDENTS NEEDING ADDITIONAL ASSISTANCE. STUDENTS ENTER PUBLIC SCHOOLS WITH THE NECESSARY SKILLS TO SUCCEED AT THEIR APPROPRIATE GRADE LEVEL. DURING THE YEAR LAUNCH PROVIDED SCHOLARSHIPS TO OVER 12 FAMILIES AND MAINTAINED A KINDERGARTEN PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Thomas Member | Trustee | 1 | $0 |
Tyler Fischer President | Trustee | 2 | $0 |
Kathy Judd Member | Trustee | 3 | $0 |
Leonard Fischer Treasurer | Trustee | 20 | $0 |
Heather C Schaefer Secretary | Trustee | 1 | $0 |
Michael R Brown Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,191 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,057 |
| Total Program Service Revenue | $182,555 |
| 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 | $214,612 |
| 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 | $152,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $725 |
| Advertising and promotion | $0 |
| Office expenses | $1,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,066 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,434 |
| Insurance | $2,042 |
| All other expenses | $0 |
| Total functional expenses | $202,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $40,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,187 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,486 |
| Total liabilities | $3,486 |
| Net assets without donor restrictions | $50,701 |
| 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 | $54,187 |