Houston Launch Pad FY2022 filing

Tax-deductible

Houston, TX501(c)(3)Mental HealthEIN 76-0567116

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To help bridge the gap from homelessness, addiction, unemployment, and basic skill development to self empowerment

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$58K 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
0 of 5
filings with a surplus
Average deficit $31K a year · 5% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$542K
-15% vs prior year
Spent
$557K
To programs
94%
Net assets
$236K
By yearFY2020–FY2024
Revenue
$542K
FY2022▼ -15%
Revenue by fiscal year
FY2020$604K
FY2021$641K
FY2022$542K
FY2023$622K
FY2024$782K
Expenses
$557K
FY2022▼ -14%
Expenses by fiscal year
FY2020$624K
FY2021$647K
FY2022$557K
FY2023$654K
FY2024$864K
Net assets
$236K
FY2022▼ -6%
Net assets by fiscal year
FY2020$259K
FY2021$252K
FY2022$236K
FY2023$204K
FY2024$123K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2002.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $524K Management & general 6% · $33K

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

7 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Director
$58,222Pt VII · Sec A
B O Directors
$0Pt VII · Sec A
B O Directors
$0Pt VII · Sec A
B O Directors
$0Pt VII · Sec A
B O Directors
$0Pt VII · Sec A
B O Directors
$0Pt VII · Sec A
B O Directors
$0Pt VII · Sec A

Prentice Goods’s $108K as Exec Director is at the 88th percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Prentice Goods$107,655$69,038$58,222$96,640$85,102

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 Houston Launch Pad executive salaries →

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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 15aYes

Programs and updates

Empowers individuals by bridging gaps from homelessness, addiction, unemployment, and skill deficits to self-sufficiency.

Provided by the organization

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1 program · $524K · in their own filed words · FY2022
01

Helping bridge the gap from homelessness, addiction, unemployment, and basic skill development to self enpowerment

$524Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$542K
Ln 12
Gifts and grantsLn 1h$455K
Fees for servicesLn 2g$87K
Money outPt IX
$557K
Ln 25
Programscol B$524K
Managementcol C$33K
Owns and owesPt X
$236K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$236K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$455K
Government grantsLn 1e$455K
Fees for servicesLn 2g$87K
Total revenueLn 12$542K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$219K
Total assetsLn 16$236K
LiabilitiesLn 26$0
Net assetsLn 32$236K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
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$21K$17K
Land, buildings, equipmentLn 10c$230K$219K
Total assetsLn 16$252K$236K
LiabilitiesLn 26$0$0
Net assetsLn 32$252K$236K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K$50K$8K$0
Pay of disqualified personsLn 6$241K$241K$0$0
Payroll taxesLn 10$24K$23K$629$0
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$3K$3K$0$0
OccupancyLn 16$70K$70K$0$0
TravelLn 17$641$641$0$0
Depreciation, depletion and amortizationLn 22$11K$0$11K$0
InsuranceLn 23$16K$16K$0$0
Other expenses (24a–d)Ln 24$77K$76K$221$0
All other expensesLn 24e$53K$45K$9K$0
Total functional expensesLn 25$557K$524K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $782K$864K−$81K$123K 990 PDF
FY2023 $622K$654K−$32K$204K 990 PDF
FY2022 Viewing $542K$557K−$16K$236K 990 PDF
FY2021 $641K$647K−$7K$252K 990 PDF
FY2020 $604K$624K−$19K$259K 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 $541,514 across 4 lines filed
VIII-1e Government grants$454,853
VIII-1h Total contributions, gifts and grants$454,853
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$86,661
VIII-12 Total revenueRelated to mission $86,661 · Unrelated business $0 · Excluded from tax $0$541,514
Part IX · Statement of functional expenses $557,138 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,000 · Management $8,222 · Fundraising $0$58,222
IX-6 Pay of disqualified personsPrograms $240,806 · Management $0 · Fundraising $0$240,806
IX-10 Payroll taxesPrograms $23,484 · Management $629 · Fundraising $0$24,113
IX-11c Accounting feesPrograms $0 · Management $3,871 · Fundraising $0$3,871
IX-12 Advertising and promotionPrograms $2,820 · Management $0 · Fundraising $0$2,820
IX-16 OccupancyPrograms $70,050 · Management $0 · Fundraising $0$70,050
IX-17 TravelPrograms $641 · Management $0 · Fundraising $0$641
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $11,376 · Fundraising $0$11,376
IX-23 InsurancePrograms $15,527 · Management $0 · Fundraising $0$15,527
IX-24 Other expenses (24a–d)Programs $76,398 · Management $221 · Fundraising $0$76,619
IX-24e All other expensesPrograms $44,582 · Management $8,511 · Fundraising $0$53,093
IX-25 Total functional expensesPrograms $524,308 · Management $32,830 · Fundraising $0$557,138
Part X · Balance sheet $236,055 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $21,284$17,036
X-10c Land, buildings and equipment, netStart of year $230,396$219,019
X-16 Total assetsStart of year $251,680$236,055
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $251,680$236,055
X-32 Total net assets or fund balancesStart of year $251,680$236,055
X-33 Total liabilities and net assetsStart of year $251,680$236,055
Part XI · Reconciliation of net assets $236,055 net assets at year end
XI-1 Total revenue$541,514
XI-2 Total expenses$557,138
XI-3 Revenue less expenses−$15,624
XI-4 Net assets at start of year$251,680
XI-10 Net assets at end of year$236,055

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

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