Mission Launch INC FY2022 filing

Tax-deductible

Columbia, MD501(c)(3)Human ServicesEIN 45-4633339

Mission Launch envision an America that restores equity and creates sustainable opportunities for fresh starts so that citizens facing barriers due to an arrest and or conviction record

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
3 of 4
filings with a surplus
Average surplus $60K a year · 18% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
+149% vs prior year
Spent
$114K
To programs
75%
Net assets
$66K
By yearFY2020–FY2024
Revenue
$218K
FY2022▲ +149%
Revenue by fiscal year
FY2020$176K
FY2021$88K
FY2022$218K
FY2024$816K
Expenses
$114K
FY2022▲ +23%
Expenses by fiscal year
FY2020$161K
FY2021$93K
FY2022$114K
FY2024$690K
Net assets
$66K
FY2022▲ ×45
Net assets by fiscal year
FY2020$16K
FY2021$1K
FY2022$66K
FY2024$248K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2019, reinstated. IRS ruling Oct 2020, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $85K Management & general 25% · $29K

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

Who runs it and what they're paid

1 person listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation
Leonard
$35,900Pt VII · Sec A

Teresa’s $106K as Hodge is at the 89th percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2024FY2022FY2021FY2020
Teresa$105,600———
Laurin$52,500$35,900$14,550$21,200

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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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 15aNo

Programs and updates

Helps people with arrest records find jobs and build new lives.

Provided by the organization

This section is blank until Mission Launch INC claims this page.

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2 program services account for $85K of program spending, described in the organization's own filed words · FY2022.
01

The Rebuilding Re-Entry Coalition Civic Engagement

Mission: Launch is the founder, facilitator and fiscal sponsor of the Rebuilding Re-enry Coalition, a cross sector network focused on increasing self-sufficiency and reducing recidivism in the service areas of the Washington DC, Baltimore, MD metro regions.

$43Kprogram expense
02

Mission Launch Pad/Inclusive Entrepreneurship

Workforce discrimination against individuals with an arrest and/or conviction record leads to a lack of financial well being. Mission Launch operates a small scale, apprentice accelerator program under the Civic Technology division to empower and teach participants how to launch a tech dependent business.

$42Kprogram expense

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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 · FY2024
The Workers LabFY2024$100K
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$218K
Money outPt IX
$114K
Ln 25
Programscol B$85K
Managementcol C$29K
Owns and owesPt X
$66K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$218K
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$66K
Cash and savings togetherLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$0
Net assetsLn 32$66K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1K$66K
Total assetsLn 16$1K$66K
LiabilitiesLn 26$0$0
Net assetsLn 32$1K$66K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$114K$85K$29K$0
Total functional expensesLn 25$114K$85K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $816K$690K$126K$248K 990 PDF
FY2023 Not on file
FY2022 Viewing $218K$114K$104K$66K 990 PDF
FY2021 $88K$93K−$6K$1K 990 PDF
FY2020 $176K$161K$15K$16K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $217,756 across 3 lines filed
VIII-1f All other contributions, gifts and grants$217,756
VIII-1h Total contributions, gifts and grants$217,756
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$217,756
Part IX · Statement of functional expenses $114,131 across 1 line filed
IX-24 Other expenses (24a–d)Programs $85,453 · Management $28,678 · Fundraising $0$114,131
IX-25 Total functional expensesPrograms $85,453 · Management $28,678 · Fundraising $0$114,131
Part X · Balance sheet $65,728 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,474$65,728
X-16 Total assetsStart of year $1,474$65,728
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,474$65,728
X-32 Total net assets or fund balancesStart of year $1,474$65,728
X-33 Total liabilities and net assetsStart of year $1,474$65,728
Part XI · Reconciliation of net assets $65,728 net assets at year end
XI-1 Total revenue$217,756
XI-2 Total expenses$114,131
XI-3 Revenue less expenses$103,625
XI-4 Net assets at start of year$1,474
XI-10 Net assets at end of year$65,728

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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