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Launch Network EIN 82-3598469

Launch Network FY2022 filing

EIN  82-3598469 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Teaches children and families, fostering emotional and social growth in underserved communities.
Leadership
Justin Darnell · President · $90K
Money in and out
$632K revenue, $581K expenses
Bottom line
86% program efficiency

Teaches children and families, fostering emotional and social growth in underserved communities. For fiscal year 2022 it reported $632K in revenue, $581K in expenses, and $260K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$632K
Pt VIII · Ln 12
Total expenses
$581K
Pt IX · Ln 25
Net assets
$260K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program efficiency
86%
of spending reaches programs
Operating runway
5.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$632K
FY2022▲ +15%
Expenses
$581K
FY2022▲ +58%
Total assets
$278K
FY2022▲ +32%
Total liabilities
$18K
FY2022▲ +883%
Total revenue
$632K
Pt VIII · Ln 12
Total expenses
$581K
Pt IX · Ln 25
Net assets
$260K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$278K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $499K of program spending, described in the organization's own filed words · FY2021.
01

The programs provide academic instruction to children and their families. Objective is to encourage/social development coordinating resources and providing a support system to families in economically challenged schools and neighborhoods.

$499Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLaunch Network
EINHdr · item D82-3598469
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$90,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Pete Piccolo
Director
$0Pt VII · Sec A
Amy Engelmen
Director
$0Pt VII · Sec A
Sarah Craft
Director
$0Pt VII · Sec A

Justin Darnell’s $100K as President is at the 84th percentile of top reported officer pay among 1616 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Justin Darnell$100,000$101,000$90,000$90,000
Sarah Rauenhorst———$15,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$454K · 72%
Program service revenue$178K · 28%
Contributions & grants72%$454K
Program service revenue28%$178K
Total revenueLn 12$632K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$499K
Management & general12%$72K
Fundraising2%$10K
Total functional expensesLn 25$581K

Balance Sheet

Part X · end of year
CashLn 1$278K
Total assetsLn 16$278K
Total liabilitiesLn 26$18K
Total net assetsLn 32$260K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $278K · Operating expenses/yr $581K
5.7 months
Where the money goes
Program services
Program services $499K · Total expenses $581K
86%
Management & General
Management & general $72K · Total expenses $581K
12%
Fundraising
Fundraising $10K · Total expenses $581K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $10K · Solicited contributions (2-yr avg) $448K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $454K · Total revenue $632K
72%
Government reliance
Government grants — · Total revenue $632K
—
Earned-income share
Program service revenue $178K · Total revenue $632K
28%
Investment reliance
Investment income $0 · Total revenue $632K
0%
Program self-sufficiency
Program service revenue $178K · Total expenses $581K
31%
Growth & trend
Revenue growth (YoY)
This year $632K · Prior year $552K
+15%
Net-asset trend (YoY)
End of year $260K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $632K · Expenses $581K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $278K
—
Net-asset ratio
Net assets $260K · Total assets $278K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $278K
0%
People & payroll
Highest Reported Total Compensation
Individual Justin Darnell · Reported title President · Highest reported compensation $90K · Total expenses $581K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $379K · Total expenses $581K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 12%——
Fundraising cost ratio 2%——
Revenue growth 15%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
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 · FY2022
Caring for Denver FoundationFY2022$100K
Total grants receivedfrom 1 funder$100K

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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
FY2024 (Latest)$601K revenue · ⤓ 990 PDF
FY2023$622K revenue · ⤓ 990 PDF
FY2022$632K revenue · viewing · ⤓ 990 PDF
FY2021$552K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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