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LAAUNCH Foundation: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LAAUNCH Foundation (EIN 86-1979984)
Tax period
2024-01-01 to 2024-10-31
Filed
2025-07-28
IRS object ID
202522099349200532
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-07-28T11:42:40-07:00ReturnTs
Tax Period End2024-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204014608PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FONG KO & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11510 FASHION ISLAND BLVD STE 200AddressLine1Txt
CitySAN MATEOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94404ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN861979984EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAAUNCH FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAAUBusinessNameControlTxt
Phone6503624076PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13130 ALPINE RD STE 288 PMB 480AddressLine1Txt
CityPORTOLA VALLEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94028ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDWARD KINGPersonNm
Person TitleCFO/DIRECTORPersonTitleTxt
Signature2025-07-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonOliver Laiming KoPreparerPersonNm
PTINP00394040PTIN
Phone6502869966PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website Addresshttps://www.laaunchfoundation.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$61,612GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$44,512ContributionsGiftsGrantsEtcAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Other Revenue Total$17,100OtherRevenueTotalAmt
Total Revenue$61,612TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$11,457FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$11,614OtherExpensesTotalAmt
Total Expenses$23,071TotalExpensesAmt
Excess Or Deficit For Year$38,541ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$245,718NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$284,259OtherChangesInNetAssetsAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$245,429BOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$289BOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$245,718BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$245,718BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeLAAUNCH FOUNDATION IS A NON-PROFIT ORGANIZATION WORKING TO END RACISM AND INCREASE REPRESENTATION FOR ASIAN-AMERICANS BY DEVELOPING INNOVATIVE PROGRAMS THAT SUPPORT, ADVOCATE, AND ELEVATE THE ASIAN-AMERICAN COMMUNITY.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtProgram Service ExpensesProgramServiceExpensesAmt
STAATUS INDEX REPORT1) INCREASE PUBLIC AWARENESS ABOUT ASIAN AMERICAN STEREOTYPES AND PERCEPTIONS2) PROVIDE DATA THAT GOVERNMENT AND COMMUNITY LEADERS CAN USE TO ADVOCATE FOR ASIAN AMERICAN EQUITY AND INCLUSION3) INFORM THE DEVELOPMENT OF IMPACTFUL POLICIES AND PROGRAMS THAT CAN IMPROVE THE STATUS OF ASIAN AMERICANS IN THE U.S.
LAAUNCH FOUNDATION WORKED TOGETHER WITH THE ASIAN AMERICAN FOUNDATION (TAAF), THIRD STATE BOOKS, AND THE ASIAN AMERICAN EDUCATION PROJECT TO RELEASE A GRAPHIC NOVEL TITLED Fighting to Belong! A History of Asian Americans and Pacific Islanders, Vol. 1. THE GOAL IS TO EDUCATION THE READERS ABOUT THE IMPORTANT AND DYNAMIC PART OF ASIAN AMERICANS, NATIVE HAWAIIANS,AND PACIFIC ISLANDERS IN AMERICAN HISTORY.$1,700
FieldValueIRS element (for citing)
Total Program Service Expenses$1,700TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
EDWARD KING
CFO/DIRECTOR8.00$0
DAVID TING
SECRETARY/DIR8.00$0
RICHARD TING
Director8.00$0
WAH CHEN
CEO/DIRECTOR8.00$0
ERIC TODA
Director8.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcYes (true)OrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldDEStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonEDWARD KINGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13130 ALPINE RD STE 288 PMB 480AddressLine1Txt
CityPORTOLA VALLYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94028ZIPCd
FieldValueIRS element (for citing)
Phone6506445500PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$655,632CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$53,736CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,348CurrentTaxYearMinus1YearAmt
Current Tax Year$44,512CurrentTaxYearAmt
Total$788,228TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year$17,100CurrentTaxYearAmt
Total$17,100TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$655,632CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$53,736CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,348CurrentTaxYearMinus1YearAmt
Current Tax Year$61,612CurrentTaxYearAmt
Total$805,328TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$805,328PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$655,632CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$53,736CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,348CurrentTaxYearMinus1YearAmt
Current Tax Year$61,612CurrentTaxYearAmt
Total$805,328TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind
Public Support CY5090.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail

FieldValueIRS element (for citing)
Assets Distri Or Expnss PaidFIRST REPUBLIC BANK ACCT 9414AssetsDistriOrExpnssPaidDesc
Distribution2024-10-17DistributionDt
Fair Market Value Of Asset$284,259FairMarketValueOfAssetAmt
Method Of FMV DeterminationBANK BALANCEMethodOfFMVDeterminationTxt
EIN852050585EIN

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 21749AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20009ZIPCd
FieldValueIRS element (for citing)
IRC Section501(c)(3)IRCSectionTxt
FieldValueIRS element (for citing)
Director Of SuccessorfalseDirectorOfSuccessorInd
Employee Of SuccessorfalseEmployeeOfSuccessorInd
Owner Of SuccessorfalseOwnerOfSuccessorInd
Receive CompensationfalseReceiveCompensationInd
Assets DistributedYes (true)AssetsDistributedInd
Required To Notify AGYes (true)RequiredToNotifyAGInd
Attorney General NotifiedYes (true)AttorneyGeneralNotifiedInd
Liabilities PaidYes (true)LiabilitiesPaidInd
Bonds OutstandingfalseBondsOutstandingInd
Bond Liabilities DischargedfalseBondLiabilitiesDischargedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Revenue.1RIGHTS TO A GRAPHIC NOVEL $17100
Other Expenses.1012Insurance $289
Other Expenses.1TRAVEL EXPENSE $9600
Other Expenses.2GRAPHIC NOVEL EXPENSES $1700
Other Expenses.3OTHER FEES $25
Other Assets.1011Prepaid Expenses and Deferred Charges - Beginning $289 Prepaid Expenses and Deferred Charges - Ending $0

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