Launchyourcity INC FY2021 filing
Helps Memphis entrepreneurs take first steps, offering co-working and mentoring to launch new businesses. For fiscal year 2021 it reported $661K in revenue, $897K in expenses, and $-360K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Collierville, TN
- Website
- www.neverstop.co
- Filings
- 5 on file (2020–2021)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Eric Mathews’s $126K as CEO, President, Founder is at the 85th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Eric Mathews | $125,922 | $100,528 | $156,417 | $64,250 | $109,947 |
| Andre Fowkles | — | — | $137,031 | $50,745 | $93,208 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Supporting early-stage start-ups in all areas of business development. Entrepreneurs are schooled in developing a business model that will achieve sustainability. They receive mentoring, financial counseling and opportunities to compete in the marketplace for investor funding.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 73% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 34% | — | — |
| Revenue growth | -56% | — | — |
| Legal fee ratio | 0.8% | — | — |
| Accounting fee ratio | 3% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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