Launch Leadership INC FY2024 filing

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To empower middle and high school students through experience-based Leadership training.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$66K 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

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $8K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $103K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$182K
404% of total assets
Concern: liabilities are 404% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$466K
+16% vs prior year
Spent
$441K
To programs
70%
Net assets
−$137K
By yearFY2020–FY2025
Revenue
$466K
FY2024▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$183K
FY2021$343K
FY2022$337K
FY2023$402K
FY2024$466K
FY2025$555K
Expenses
$441K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$349K
FY2022$451K
FY2023$413K
FY2024$441K
FY2025$491K
Net assets
−$137K
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020−$29K
FY2021−$48K
FY2022−$151K
FY2023−$161K
FY2024−$137K
FY2025−$73K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $311K Management & general 21% · $94K Fundraising 8% · $36K

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

15 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
FMR. Exec. D
$65,629Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Timmy Tamisiea’s $81K as Executive Di is at the 73rd percentile of top reported officer pay among 1613 $100K–1M education 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Timmy Tamisiea$81,458—————
Jessica Applegate—$65,629$78,706———
Randal Hawthorne—————$75,000
Kayla Meyer——$29,669$64,519——
Randal Hawthrone————$22,375—
Kelli Cunningham————$3,000—

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.

See Launch Leadership INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers students with hands-on leadership training to build confidence and skills.

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1 program · $311K · in their own filed words · FY2024
01

Provide leadership development services

$311Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$103K
See all 4 funders →
Grants paid · 5 grants · $124K · 2021–2025
Unitemized GrantFY2025$36,513
Unitemized GrantFY2024$27,025
Unitemized GrantFY2023$23,625
Unitemized GrantFY2022$23,100
Unitemized GrantFY2021$13,250

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$466K
Ln 12
Fees for servicesLn 2g$368K
Gifts and grantsLn 1h$91K
Other incomeLn 4–11$5K
Money outPt IX
$441K
Ln 25
Programscol B$311K
Managementcol C$94K
Fundraisingcol D$36K
Owns and owesPt X
−$137K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$45K
LiabilitiesLn 26$182K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$91K
Fees for servicesLn 2g$368K
Investment incomeLn 3$600
Other incomeLn 4–11$5K
Total revenueLn 12$466K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Accounts receivableLn 4$8K
Prepaid expenses and deferred chargesLn 9$2K
Total assetsLn 16$45K
LiabilitiesLn 26$182K
Net assetsLn 32−$137K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10K$36K
Total assetsLn 16$15K$45K
LiabilitiesLn 26$176K$182K
Net assetsLn 32−$161K−$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$27K$27K
Pay of current officers, directors and key staffLn 5$66K$23K$24K$18K
Other salaries and wagesLn 7$22K$8K$8K$6K
Other employee benefitsLn 9$17K$4K$7K$6K
Payroll taxesLn 10$7K$2K$2K$2K
Legal feesLn 11b$12K$12K
Other fees for servicesLn 11g$28K$11K$14K$3K
Advertising and promotionLn 12$3K$3K$28
Office expensesLn 13$249$53$90$106
Information technologyLn 14$182$182
OccupancyLn 16$12K$6K$6K
TravelLn 17$316$316
Conferences, conventions and meetingsLn 19$8K$7K$613$27
InterestLn 20$3K$3K
InsuranceLn 23$7K$5K$3K
Other expenses (24a–d)Ln 24$193K$181K$12K
All other expensesLn 24e$37K$34K$2K$1K
Total functional expensesLn 25$441K$311K$94K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $555K$491K$64K−$73K 990 PDF
FY2024 ViewingFiled with the IRS May 20, 2025 $466K$441K$24K−$137K 990 PDF
FY2023Filed with the IRS Jul 8, 2024 $402K$413K−$10K−$161K 990 PDF
FY2022Filed with the IRS Oct 11, 2023 $337K$451K−$114K−$151K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $343K$349K−$6K−$48K 990 PDF
FY2020Filed with the IRS Jun 1, 2021 $183K−$29K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $465,618 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,497$91,442
I-9 Program service revenuePrior year $297,840$368,095
I-10 Investment incomePrior year $588$600
I-11 Other revenuePrior year $2,458$5,481
I-12 Total revenuePrior year $402,383$465,618
I-13 Grants and similar amounts paidPrior year $23,625$27,025
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $146,598$111,306
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $242,565$303,142
I-18 Total expensesPrior year $412,788$441,473
I-19 Revenue less expensesPrior year −$10,405$24,145
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $465,618 across 6 lines filed
VIII-1f All other contributions, gifts and grants$91,442
VIII-1h Total contributions, gifts and grants$91,442
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $368,095$368,095
VIII-3 Investment incomeRelated to mission $600$600
VIII-8 Net income from fundraising events$5,481
VIII-12 Total revenueRelated to mission $368,695$465,618
Part IX · Statement of functional expenses $441,473 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $27,025$27,025
IX-5 Pay of current officers, directors and key staffPrograms $22,970 · Management $24,283 · Fundraising $18,376$65,629
IX-7 Other salaries and wagesPrograms $7,595 · Management $8,030 · Fundraising $6,076$21,701
IX-9 Other employee benefitsPrograms $4,312 · Management $7,277 · Fundraising $5,658$17,247
IX-10 Payroll taxesPrograms $2,355 · Management $2,490 · Fundraising $1,884$6,729
IX-11b Legal feesManagement $11,633$11,633
IX-11g Other fees for servicesPrograms $11,125 · Management $13,700 · Fundraising $2,850$27,675
IX-12 Advertising and promotionPrograms $2,733 · Fundraising $28$2,761
IX-13 Office expensesPrograms $53 · Management $90 · Fundraising $106$249
IX-14 Information technologyPrograms $182$182
IX-16 OccupancyPrograms $6,000 · Management $6,000$12,000
IX-17 TravelPrograms $316$316
IX-19 Conferences, conventions and meetingsPrograms $6,865 · Management $613 · Fundraising $27$7,505
IX-20 InterestManagement $3,093$3,093
IX-23 InsurancePrograms $4,771 · Management $2,532$7,303
IX-24 Other expenses (24a–d)Programs $181,143 · Management $12,055$193,198
IX-24e All other expensesPrograms $33,680 · Management $2,142 · Fundraising $1,405$37,227
IX-25 Total functional expensesPrograms $311,125 · Management $93,938 · Fundraising $36,410$441,473
Part X · Balance sheet $45,180 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $9,969$36,180
X-4 Accounts receivableStart of year $3,725$7,500
X-9 Prepaid expenses and deferred chargesStart of year $810$1,500
X-16 Total assetsStart of year $14,504$45,180
X-17 Accounts payable and accrued expensesStart of year $65,933$75,332
X-24 Unsecured notes and loans payableStart of year $110,009$107,141
X-26 Total liabilitiesStart of year $175,942$182,473
X-27 Net assets without donor restrictionsStart of year −$163,524−$139,379
X-28 Net assets with donor restrictionsStart of year $2,086$2,086
X-32 Total net assets or fund balancesStart of year −$161,438−$137,293
X-33 Total liabilities and net assetsStart of year $14,504$45,180
Part XI · Reconciliation of net assets −$137,293 net assets at year end
XI-1 Total revenue$465,618
XI-2 Total expenses$441,473
XI-3 Revenue less expenses$24,145
XI-4 Net assets at start of year−$161,438
XI-10 Net assets at end of year−$137,293

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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