Launch Pad the Center FY2023 filing

Tax-deductible

Georgetown, TX501(c)(3)Human ServicesEIN 26-2909240Revenue $82K in FY2023

On file with the IRSlaunchpadthecenter.org3011 Dawn Dr Ste 101, 78628-2827 · Georgetown, TXTax-exempt since Nov 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Igniting hope in disadvantage youth and individuals by reaching, equipping and propelling them to discover and fulfill their highest potential, Launch Pad the Center, mobilizes partnerships with businesses and organizations to emphasize the need for community transformation. The five things done for community transformation are: 1. Connect to strenghten and support the individual and family unit; 2. Serve individual's basic needs; 3. Provide the educational, financial, vocational, and spiritual education to become a productive and well reounded individual; 4. Teach and model integrity and good character; and 5. Create self-sufficiency with providing the tools for people to be successful.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $14K a year · 21% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$108
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82K
+40% vs prior year
Spent
$67K
To programs
100%
Net assets
$25K
By yearFY2020–FY2024
Revenue
$82K
FY2023▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$10K
FY2022$59K
FY2023$82K
FY2024$137K
Expenses
$67K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$39K
FY2021$7K
FY2022$65K
FY2023$67K
FY2024$81K
Net assets
$25K
FY2023▲ +138%
Tap a bar for its year
Net assets by fiscal year
FY2020$15K
FY2021$17K
FY2022$11K
FY2023$25K
FY2024$82K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $67K Management & general 0% · $104

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
See Launch Pad the Center executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers disadvantaged youth and individuals through education, support, and resources for self-sufficiency and potential.

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Provided by the organization

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3 programs · $39K · in their own filed words · FY2023
01

Community outreach- is a way to provide support for individuals and groups needing support. Activities include empowering underserved families and helping break the cycle of inter-generational poverty through innovative,education and support for children plus aiding youth and young adults in obtaining high school diploma or ged and help…

$39Kprogram expense
02

After school program-provides character education teaching students that core value are stepping stones for personal success. It focuses on mentoring and modeling, by teeaching and demonstrating leadership and other essential life skills.

Pt IX · col B
03

Leadership-the focus is on teaching critical life-skills and leadership development. The course focuses on activities and exercises to enhance student leadership. The skills taught include meeting skills, goal setting, organizaiton skills, building self-esteem, public relations, communications, problem solving and decision making, team…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$82K
Ln 12
Gifts and grantsLn 1h$82K
Investment incomeLn 3$1
Money outPt IX
$67K
Ln 25
Programscol B$67K
Managementcol C$104
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$25K
LiabilitiesLn 26$108
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Investment incomeLn 3$1
Total revenueLn 12$82K
Assets in detailPt X, end of year
CashLn 1$25K
Cash and savings togetherLn 1–2$25K
Total assetsLn 16$25K
LiabilitiesLn 26$108
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$13K$25K
Total assetsLn 16$13K$25K
LiabilitiesLn 26$2K$108
Net assetsLn 32$11K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$46K$46K
Advertising and promotionLn 12$3$3
Office expensesLn 13$10K$9K$104
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$67K$67K$104$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $137K$81K$57K$82K 990 PDF
FY2023 Viewing $82K$67K$15K$25K 990 PDF
FY2022 $59K$65K−$7K$11K 990 PDF
FY2021 $10K$7K$2K$17K 990 PDF
FY2020 $41K$39K$2K$15K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $81,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,562$81,993
I-9 Program service revenue$0
I-10 Investment income$1
I-11 Other revenue$0
I-12 Total revenuePrior year $58,562$81,994
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $65,431$67,468
I-18 Total expensesPrior year $65,431$67,468
I-19 Revenue less expensesPrior year −$6,869$14,526
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $81,994 across 4 lines filed
VIII-1f All other contributions, gifts and grants$81,993
VIII-1h Total contributions, gifts and grants$81,993
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $1$81,994
Part IX · Statement of functional expenses $67,468 across 5 lines filed
IX-11c Accounting feesPrograms $1,750$1,750
IX-11g Other fees for servicesPrograms $45,648$45,648
IX-12 Advertising and promotionPrograms $3$3
IX-13 Office expensesPrograms $9,438 · Management $104$9,542
IX-24 Other expenses (24a–d)Programs $10,525$10,525
IX-25 Total functional expensesPrograms $67,364 · Management $104 · Fundraising $0$67,468
Part X · Balance sheet $25,172 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $12,955$25,172
X-16 Total assetsStart of year $12,955$25,172
X-25 Other liabilitiesStart of year $2,417$108
X-26 Total liabilitiesStart of year $2,417$108
X-27 Net assets without donor restrictionsStart of year $10,538$25,064
X-32 Total net assets or fund balancesStart of year $10,538$25,064
X-33 Total liabilities and net assetsStart of year $12,955$25,172
Part XI · Reconciliation of net assets $25,064 net assets at year end
XI-1 Total revenue$81,994
XI-2 Total expenses$67,468
XI-3 Revenue less expenses$14,526
XI-4 Net assets at start of year$10,538
XI-10 Net assets at end of year$25,064

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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