2025-05-12T11:14:54-04:00 2024-06-30 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2023-07-01 832564017 LAUNCH INC LAUN 9192442474 136 E ROSEMARY STREET SUITE 100 CHAPEL HILL NC 27516 EMIL RUNGE EXECUTIVE DIRECTOR 7632180266 2025-05-12 true true SUSAN DEAN P01281194 9196621001 2025-05-12 2023 2025-03-06 01:10:19Z EMIL RUNGE 136 E ROSEMARY STREET SUITE 100 CHAPEL HILL NC 27516 352286 false X WWW.LAUNCHCHAPELHILL.COM X 2018 NC LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM. 9 9 1 20 0 366465 349250 37615 3000 -120344 -9645 0 283736 342605 37500 0 117550 0 0 320340 125081 320340 280131 -36604 62474 287234 231506 125612 7410 161622 224096 X LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM. false false 233740 37500 3000 LAUNCH CHAPEL HILL, A START-UP ACCELERATOR LOCATED IN DOWNTOWN CHAPEL HILL, FOSTERS HIGH-POTENTIAL ENTREPRENEURS WHO ARE COMMITTED TO BUILDING THEIR EARLY-STAGE, HIGH-POTENTIAL BUSINESSES INTO SELF-SUSTAINING ENTERPRISES. LAUNCH IS A TRULY UNIQUE PARTNERSHIP OF PRIVATE AND PUBLIC INVESTMENT BETWEEN THE TOWN OF CHAPEL HILL, ORANGE COUNTY, AND UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL. LAUNCH PROVIDES THE SUPPORT, TOOLS AND KNOWLEDGE NEEDED TO DECREASE RISKS, REDUCE GO-TO-MARKET TIME, AND ACCELERATE THE GROWTH OF START-UPS. 233740 true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 5 0 true 1 true false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true false false false false false X EMIL RUNGE 9192442474 136 E ROSEMARY STREET SUITE 100 CHAPEL HILL NC 27516 X TIM FLOOD EXECUTIVE DI 40.00 X 113500 0 0 IAN BATUTIS EXECUTIVE DI 40.00 X 9833 0 0 ELAINE BOLLE DIRECTOR 1.00 X 0 0 0 STEVE BRANTLEY DIRECTOR 1.00 X 0 0 0 LENNON CIANCIULLI DIRECTOR 1.00 X 0 0 0 JAN DAVIS DIRECTOR 1.00 X 0 0 0 LESLIE JUMP DIRECTOR 1.00 X 0 0 0 SCOTT MAITLAND DIRECTOR 1.00 X 0 0 0 DAVID PUTNAM DIRECTOR 1.00 X 0 0 0 DANIEL SALAZAR DIRECTOR 1.00 X 0 0 0 SHERYL WADDELL BOARD CHAIR 1.50 X 0 0 0 123333 1 false false false TIM FLOOD 2209 WRIGHT AVENUE GREENSBORO NC 27403 EXEC DIR COMP 113500 1 327000 22250 349250 ACCELERATOR PROGRAM FEES 531120 3000 3000 3000 36 36 9681 -9681 -9681 -9681 342605 -6681 36 X 37500 37500 107239 107239 420 420 9891 9891 8800 8800 55125 55125 3893 3893 14690 14690 30 30 4304 4304 7436 7436 2839 2839 EVENT MEALS 10840 10840 PROGRAM EXPENSES 7226 7226 SOFTWARE SUBSCRIPTIONS 4350 4350 PARKING 3831 3831 1717 1165 552 280131 233740 46391 0 271299 72134 100036 30000 537 29336 15398 287234 231506 125612 7410 125612 7410 X 161622 210596 13500 161622 224096 287234 231506 62474 X false false false X 153686 176808 222000 366465 349250 1268209 153686 176808 222000 366465 349250 1268209 1268209 36 36 1268245 146081 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true STUDENT STIPENDS 25 37500 FMV SCHEDULE I, PAGE 1, PART I, LINE 2 LAUNCH, INC. HOLDS REGULAR MEETING/DISCUSSIONS REGARDING PROGRAM EFFICIENCY AS IT RELATES TO GRANT FUNDING AND ASSISTANCE. FORM 990 - ORGANIZATION'S MISSION LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN WILL BE REVIEWED BY THE TREASURER AND THE PROGRAM DIRECTOR BEFORE SIGNING. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR AND NON-DIRECTOR MEMBER IS REQUIRED ANNUALLY SIGN A STATEMENT CONFIRMING RECIEPT OF THE CONFLICT OF INTEREST POLICY. PER POLICY, THEY ARE REQUIRED TO DISCLOSE THE EXISTANCE OF A CONFLICT OF INTEREST IN ANY PROPOSED TRANSACTION. BASED ON THE INFORMATION, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON SHALL NOT VOTE ON THE ISSUE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART VII TIM FLOOD WAS REPLACED AS EXECUTIVE DIRECTOR BY IAN BALTUTIS IN DECEMBER OF 2023. MR. BALTUTIS LEFT THE ORGANIZATION IN OCTOBER OF 2024 AND EMIL RUNGE BECAME THE EXECUTIVE DIRECTOR IN JANUARY 2025. THOUGH MR. RUNGE IS LISTED AS THE CURRENT EXECUTIVE DIRECTOR OF LAUNCH INC, HE HAD NO REPORTABLE WAGES IN 2023 OR 2024. FORM 990, PART IX, LINE 11G OTHER FEES 55,125 0 0