Laaunch Foundation
- Assets
- $457.5k
- Revenue
- $655.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Portola Vally, CA
- Founding
- Data as of
- 12/2021
- EIN
- 86-1979984
Organization Overview
Laaunch Foundation is located in Portola Vally, CA. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laaunch Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAAUNCH FOUNDATION IS A NON-PROFIT ORGANIZATION WORKING TO END RACISM AND INCREASE REPRESENTATION FOR ASIAN-AMERICANS BY DEVELOPING INNOVATIVE PROGRAMS THAT SUPPORT, ADVOCATE, AND ELEVATE THE ASIAN-AMERICAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAATUS INDEX REPORT1) INCREASE PUBLIC AWARENESS ABOUT ASIAN AMERICAN STEREOTYPES AND PERCEPTIONS2) PROVIDE DATA THAT GOVERNMENT AND COMMUNITY LEADERS CAN USE TO ADVOCATE FOR ASIAN AMERICAN EQUITY AND INCLUSION3) INFORM THE DEVELOPMENT OF IMPACTFUL POLICIES AND PROGRAMS THAT CAN IMPROVE THE STATUS OF ASIAN AMERICANS IN THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Chen Ceo/director | OfficerTrustee | 8 | $0 |
Edward King Cfo/director | OfficerTrustee | 8 | $0 |
David Ting Secretary/dir | OfficerTrustee | 8 | $0 |
Eric Toda Director | Trustee | 8 | $0 |
Richard Ting Director | Trustee | 8 | $0 |
Wah Chen Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,632 |
| Total Program Service Revenue | $0 |
| 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 | $655,632 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,615 |
| Fees for services: Accounting | $6,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,864 |
| Advertising and promotion | $1,347 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $870 |
| All other expenses | $0 |
| Total functional expenses | $201,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,806 |
| 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 | $1,658 |
| 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 | $457,464 |
| Accounts payable and accrued expenses | $3,357 |
| 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 | $0 |
| Total liabilities | $3,357 |
| Net assets without donor restrictions | $454,107 |
| 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 | $457,464 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Laaunch Foundation has recieved totaling $101,080.
| Awarding Organization | Amount |
|---|---|
Asian Pacific Fund San Francisco, CA PURPOSE: GENERAL SUPPORT | $91,080 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Civil Participation | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Partnership To End Domestic Violence Sacramento, CA | $1,881,495 | $7,441,304 |
Phoenix Pride Incorporated Phoenix, AZ | $1,959,458 | $2,632,851 |
Smart Card Alliance Inc Redwood City, CA | $1,338,697 | $1,709,232 |
Saturday Morning Initiative Inc Venice, CA | $470,158 | $245,000 |
The California Conference For Equality And Justice Inc Long Beach, CA | $2,411,177 | $1,824,302 |
Rural Organizing Project Cottage Grove, OR | $2,136,352 | $1,351,625 |
World Trust Educational Services Inc Oakland, CA | $420,677 | $1,107,133 |
Attitudinal Healing Connection Inc Oakland, CA | $2,124,640 | $1,575,770 |
Black Mothers Forum Inc Phoenix, AZ | $514,787 | $921,260 |
Communities United For People Portland, OR | $1,054,176 | $568,483 |
Portland Women In Technology Inc Portland, OR | $436,616 | $433,774 |
Korean American Coalition Los Angeles, CA | $612,508 | $480,469 |