Launchlkn INC EIN 46-4298353

Launchlkn INC

EIN  46-4298353 Public charity (501(c)(3)) Davidson, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Mentors early-stage startups and founders in the greater Charlotte area.
Leadership
Erica Madden · Chief Engagement Officer
Money in and out
$266K revenue, $167K expenses
Bottom line
30% program efficiency

Mentors early-stage startups and founders in the greater Charlotte area. For fiscal year 2023 it reported $266K in revenue, $167K in expenses, and $155K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$155K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $100K
Where spending went · Part IX cols B–D
Program services $0.30 Management & general $0.70
Program efficiency
30%
of spending reaches programs
Operating runway
11.2mo
months of highly liquid reserves at operating expense rate▲ +143% vs prior filing year
Surplus margin
+37%
revenue over expenses, this year▲ ×25 vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$266K
FY2023▲ +89%
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$155K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$100K
Total assetsPt X · Ln 16$155K
Program-expense ratioPt IX · col B30%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $51K of program spending, described in the organization's own filed words · FY2023.
01

Mentorship Program

Our flagship effort connects founders with mentors and provides the most value to our partners. Full mentor meetings take place once a month. Specific mentor entrepreneur meetings occur throughout the month. New ventures are connected with mentors on an ongoing basis.

$25Kprogram expense
02

Networking Socials

Our quarterly social meetings with mentors and founders provide opportunities for mentoring and community connection.

$14Kprogram expense
03

Co.starters

Our cohort-based program for founders early in development. Facilitators lead sessions equipping aspiring entrepreneurs with the insights relationships and tools needed to create develop fine-tune and launch their ideas.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLaunchlkn INC
EINHdr · item D46-4298353
Principal addressHdr · item CDavidson, NC
WebsiteHdr · item Jlaunchlkn.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J02)
Ruling yearIRS BMFOct 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Engagement Officer
$0Pt VII · Sec A
Board Chairman and Treasurer
$0Pt VII · Sec A
Board Member and Founder
$0Pt VII · Sec A
Board Member and Founder
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$125K · 47%
Contributions & grants$69K · 26%
Investment income$71K · 26%
Program service revenue$1K · 1%
Other revenue47%$125K
Contributions & grants26%$69K
Investment income26%$71K
Program service revenue1%$1K
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.30 Management & general $0.70
Program services30%$51K
Management & general70%$116K
Total functional expensesLn 25$167K

Balance Sheet

Part X · end of year
CashLn 1$155K
Total assetsLn 16$155K
Total liabilitiesLn 26$0
Total net assetsLn 32$155K
Months of cash on handcomputed11.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $155K · Operating expenses/yr $167K
11.2 months
Where the money goes
Program services
Program services $51K · Total expenses $167K
30%
Management & General
Management & general $116K · Total expenses $167K
70%
Fundraising
Fundraising $0 · Total expenses $167K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $69K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $69K · Total revenue $266K
26%
Government reliance
Government grants $0 · Total revenue $266K
0%
Earned-income share
Program service revenue $1K · Total revenue $266K
1%
Investment reliance
Investment income $71K · Total revenue $266K
+26%
Program self-sufficiency
Program service revenue $1K · Total expenses $167K
1%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $141K
+89%
Net-asset trend (YoY)
End of year $155K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $167K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $155K
Net-asset ratio
Net assets $155K · Total assets $155K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $155K
0%
People & payroll
Highest Reported Total Compensation
Individual Erica Madden · Reported title Chief Engagement Officer · Highest reported compensation $0 · Total expenses $167K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $91K · Total expenses $167K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 30%
Overhead ratio 70%
Fundraising cost ratio 0%
Revenue growth 89%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 2 funders$45K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$266K revenue · viewing · ⤓ 990 PDF
FY2022$141K revenue · ⤓ 990 PDF
FY2021$77K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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