Launch Point CDC INC: Financials & Form 990

Revenue by fiscal year
FY2022	$835K
FY2023	$385K
FY2024	$869K

Expenses by fiscal year
FY2022	$753K
FY2023	$464K
FY2024	$842K

Net assets by fiscal year
FY2022	$82K
FY2023	$3K
FY2024	$30K

Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $842K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Ivory Mayhorn

Exec Director

$0Pt VII · Sec A

Kathy West’s $72K as Operations Director is at the 63rd percentile of top reported officer pay among 2163 $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.

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 15aNo

Updates and questions

Empowers underserved communities with education, job training, and development for full potential.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

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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 · from the funders’ 2024 returns

Dated by each funder’s own filing year, which may not match this organization’s fiscal year.

Pledgeling Foundation$6K

Total grants received, 2020–2024from 4 funders$283K

See all 4 funders, 2020–2024 →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$869K

Ln 12

Gifts and grantsLn 1h$869K

Money outPt IX

$842K

Ln 25

Programscol B$842K

Owns and owesPt X

$30K

net assets · Ln 32

Cash and savingsLn 1–2$30K

Total assetsLn 16$30K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$869K

Gains on assetsLn 7$0

Total revenueLn 12$869K

Assets in detailPt X, end of year

CashLn 1$30K

Cash and savings togetherLn 1–2$30K

Total assetsLn 16$30K

LiabilitiesLn 26$0

Net assetsLn 32$30K

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$3K	$30K
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$3K	$30K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$3K	$30K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$0
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of officers and key staff (Part IX, line 5)Ln 5	$0
Pay of disqualified personsLn 6	$0
Other salaries and wagesLn 7	$0
Pension plan contributionsLn 8	$0
Other employee benefitsLn 9	$0
Payroll taxesLn 10	$0
Management feesLn 11a	$0
Legal feesLn 11b	$0
Accounting feesLn 11c	$3K	$3K
Lobbying feesLn 11d	$0
Professional fundraising feesLn 11e	$0
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$0
Advertising and promotionLn 12	$12K	$12K
Office expensesLn 13	$40K	$40K
Information technologyLn 14	$0
RoyaltiesLn 15	$0
OccupancyLn 16	$25K	$25K
TravelLn 17	$0
Travel and entertainment for public officialsLn 18	$0
Conferences, conventions and meetingsLn 19	$0
InterestLn 20	$0
Payments to affiliatesLn 21	$0
Depreciation, depletion and amortizationLn 22	$0
InsuranceLn 23	$5K	$5K
Other expenses (24a–d)Ln 24	$758K	$758K
All other expensesLn 24e	$0
Total functional expensesLn 25	$842K	$842K	$0	$0

The full sourced Quadrant report on Launch Point CDC INC

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Revenue quality
Compliance checks run against 4 federal lists
Red flags with the evaluator crosswalk
Peer measures

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Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025	$869K	$842K	$27K	$30K	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$385K	$464K	−$79K	$3K	990 PDF
FY2022Filed with the IRS May 15, 2024	$835K	$753K	$82K	$82K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Parts IV and V and the Schedule O notes are not shown yet: we do not hold this return's e-file. The Parts below come from the IRS data we do hold, and the full 990 PDF has every Part.

Part I · Summary $869,161 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $384,761$869,161

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $384,761$869,161

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 $463,665$842,070

I-18 Total expensesPrior year $463,665$842,070

I-19 Revenue less expensesPrior year −$78,904$27,091

Part III · Program service accomplishments 1 program, $842,070 spent

III-4a Launch Point CDC is a non-profit organization based in Northeast Houston. Our mission is to empower individuals and families in underserved communities to reach their full potential through access to education, job training and community development initiatives.$842,070

Part VI · Governance 0 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VII · Officers, directors and key employees 1 person listed, 0 paid by the organization

VII-1a Ivory MayhornExec Director$0

Part VIII · Statement of revenue $869,161 across 8 lines filed

VIII-1f All other contributions, gifts and grants$869,161

VIII-1h Total contributions, gifts and grants$869,161

VIII-3 Investment income$0

VIII-5 Royalties$0

VIII-6 Net rental income or loss$0

VIII-7 Net gain or loss on sales of assets$0

VIII-8 Net income from fundraising events$0

VIII-12 Total revenue$869,161

Part IX · Statement of functional expenses $842,070 across 31 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individuals$0

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of officers and key staff (Part IX, line 5)$0

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wages$0

IX-8 Pension plan contributions$0

IX-9 Other employee benefits$0

IX-10 Payroll taxes$0

IX-11a Management fees$0

IX-11b Legal fees$0

IX-11c Accounting feesPrograms $2,940$2,940

IX-11d Lobbying fees$0

IX-11e Professional fundraising fees$0

IX-11f Investment management fees$0

IX-11g Other fees for services$0

IX-12 Advertising and promotionPrograms $11,858$11,858

IX-13 Office expensesPrograms $40,157$40,157

IX-14 Information technology$0

IX-15 Royalties$0

IX-16 OccupancyPrograms $24,788$24,788

IX-17 Travel$0

IX-18 Travel and entertainment for public officials$0

IX-19 Conferences, conventions and meetings$0

IX-20 Interest$0

IX-21 Payments to affiliates$0

IX-22 Depreciation, depletion and amortization$0

IX-23 InsurancePrograms $4,668$4,668

IX-24 Other expenses (24a–d)Programs $757,659$757,659

IX-24e All other expenses$0

IX-25 Total functional expensesPrograms $842,070 · Management $0 · Fundraising $0$842,070

Part X · Balance sheet $29,962 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $2,871$29,962

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $2,871$29,962

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $2,871$29,962

X-32 Total net assets or fund balancesStart of year $2,871$29,962

X-33 Total liabilities and net assetsStart of year $2,871$29,962

Part XI · Reconciliation of net assets $29,962 net assets at year end

XI-1 Total revenue$869,161

XI-2 Total expenses$842,070

XI-3 Revenue less expenses$27,091

XI-4 Net assets at start of year$2,871

XI-10 Net assets at end of year$29,962

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

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Launch Point CDC INC

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