BETA

LaunchAbility Inc: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LaunchAbility Inc (EIN 75-1189353)
Tax period
2016-09-01 to 2017-08-31
Filed
2018-07-13
IRS object ID
201831949349301098
Schema version
2016v3.0
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)
Return2018-07-13T15:21:30-05:00ReturnTs
Tax Period End2017-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN050568611PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SALMON SIMS THOMAS & ASSOCIATES PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112720 HILLCREST ROAD SUITE 500AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752302039ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN751189353EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LaunchAbility IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUNBusinessNameControlTxt
Phone9729916777PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13601 Mapleshade LaneAddressLine1Txt
CityPlanoCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75075ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBILL MURRAYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9729916777PhoneNum
Signature2018-07-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWilliam H SimsPreparerPersonNm
PTINP00004539PTIN
Phone9723921143PhoneNum
Preparation2018-07-09PreparationDt
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerBILL MURRAYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13601 Mapleshade LaneAddressLine1Txt
CityPlanoCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75075ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$947,798GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LAUNCHABILITY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionEMPOWER ADULTS WITH DISABILITIES TO ACHIEVE THEIR MAXIMUM POTENTIAL AND LEAD FULFILLING LIVES WITHIN OUR COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body30VotingMembersGoverningBodyCnt
Voting Members Independent30VotingMembersIndependentCnt
Total Employee11TotalEmployeeCnt
Total Volunteers65TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$946,919PYContributionsGrantsAmt
CY Contributions Grants$755,044CYContributionsGrantsAmt
PY Program Service Revenue$27,155PYProgramServiceRevenueAmt
CY Program Service Revenue$23,053CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue-$34,245PYOtherRevenueAmt
CY Other Revenue-$9,508CYOtherRevenueAmt
PY Total Revenue$939,829PYTotalRevenueAmt
CY Total Revenue$768,589CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$606,849PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$668,259CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$189,157CYTotalFundraisingExpenseAmt
PY Other Expenses$312,118PYOtherExpensesAmt
CY Other Expenses$278,891CYOtherExpensesAmt
PY Total Expenses$918,967PYTotalExpensesAmt
CY Total Expenses$947,150CYTotalExpensesAmt
PY Revenues Less Expenses$20,862PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$178,561CYRevenuesLessExpensesAmt
Total Assets BOY$130,592TotalAssetsBOYAmt
Total Assets EOY$59,094TotalAssetsEOYAmt
Total Liabilities BOY$21,358TotalLiabilitiesBOYAmt
Total Liabilities EOY$128,421TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$109,234NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$69,327NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWE ARE COMMITTED TO OPENING HEARTS AND MINDS TO WHAT THOSE WITH DISABILITIES CAN DO AND HIGHLIGHT THE PREVIOUSLY UNRECOGNIZED DIVERSE ABILITIES. BY EXEMPLIFYING THESE ABILITIES WE SUPPORT GROWTH IN OUR COMMUNITY AND FOCUS THE OPPORTUNITIES OF OUR CLIENTS THROUGH CAREERS THAT WILL ULTIMATELY LEAD TO A GREATER LEVEL OF CONFIDENCE AND INDEPENDENCE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$640,338ExpenseAmt
Revenue$51,458RevenueAmt
DescOUR CAREER SERVICES FOR ADULTS WITH DISABILITIES INCLUDES OUR FLAGSHIP SUPPORTED EMPLOYMENT -WHICH WAS ONE OF THE FIRST PROGRAMS IN TEXAS OVER 30 YEARS AGO TO TRAIN ADULTS WITH COGNITIVE DISABILITIES FOR MEANINGFUL JOBS AND MATCH THEM WITH COMPANIES NEEDING THEIR SKILLS. WE HELP ADULTS WITH INTELLECTUAL DISABILITIES, BRAIN INJURY AND OTHER COGNITIVE DISABILITIES BUILD INDEPENDENCE THROUGH MEANINGFUL EMPLOYMENT. IN ADDITION TO OUR ONE-ON-ONE SUPPORTED EMPLOYMENT SERVICES, WE ALSO HAVE PROVIDED SINCE 2010 AN INNOVATIVE SERVICE CALLED THE ACADEMY IN COLLABORATION WITH LARGE EMPLOYERS. THIS PRE-JOB TRAINING TEACHES BOTH ON-THE-JOB SKILLS AND CRITICAL LIFE SKILLS IN ORDER FOR THEM TO GAIN ACCESS TO CAREERS THEY OTHERWISE WOULD NOT BE CANDIDATES FOR IN COMPLEX, BUT GROWING INDUSTRIES. REGARDLESS OF WHETHER OUR CLIENTS UTILIZE SUPPORTED EMPLOYMENT OR ATTEND THE ACADEMY, WE PROVIDE ASSESSMENT OF CLIENT SKILLS AND INTERESTS, CAREER PLANNING, JOB PLACEMENT, AS WELL AS ONSITE TRAINING AND ONGOING ASSISTANCE AFTER THE PERSON IS ON THE JOB. LAUCHABILITY TRANSFORMS THE LIVES OF THESE ADULTS, HELPING TAX CONSUMERS BECOME TAXPAYERS AND INCLUDED MEMBERS OF OUR COMMUNITY. IN FY2015, THE PROGRAM SERVED OVER 180 ADULTS WITH COGNITIVE DISABILITIES. OUR SERVICE AREA INCLUDES DALLAS, COLLIN, AND DENTON COUNTIES.Desc
Total Program Service Expenses$640,338TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee11EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members30GoverningBodyVotingMembersCnt
Independent Voting Member30IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
Personbrandon cyrusPersonNm
Phone9729916777PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13601 Mapleshade LaneAddressLine1Txt
CityplanoCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75075ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
BILL MURRAY
PRESIDENT/TRUSTEE1.00Yes (X)Yes (X)$0$0$0
KYLE LINER
president-elect/TRUSTEE1.00Yes (X)Yes (X)$0$0$0
ADAM HICKEY
TREASURER/TRUSTEE1.00Yes (X)Yes (X)$0$0$0
WL PENDERGRASS JR
SECRETARY/TRUSTEE1.00Yes (X)Yes (X)$0$0$02.00
KAREN WALD
IMMED PAST PRESIDENT/TRUST1.00Yes (X)Yes (X)$0$0$0
JAY HULL
FOUNDATION BOARD PRESIDENT1.00Yes (X)$0$0$0
SARA AGRITELLEY
TRUSTEE1.00Yes (X)$0$0$0
BRAD ALBERTS
TRUSTEE1.00Yes (X)$0$0$0
ROY ATWOOD
TRUSTEE1.00Yes (X)$0$0$0
WILLIAM BEHRENDT PHD
TRUSTEE1.00Yes (X)$0$0$0
BEVERLY BLUMENTHAL
TRUSTEE1.00Yes (X)$0$0$0
CHRISTOPHER COLLINS
TRUSTEE1.00Yes (X)$0$0$0
CHADWICK COOK
TRUSTEE1.00Yes (X)$0$0$0
JAY FOX
TRUSTEE1.00Yes (X)$0$0$0
JOYCE-MARIE GARAY
TRUSTEE1.00Yes (X)$0$0$0
JIM GARDNER
TRUSTEE1.00Yes (X)$0$0$0
GAYE GROSSIE
TRUSTEE1.00Yes (X)$0$0$0
BRIANNA HINOJOSA-FLORES
TRUSTEE1.00Yes (X)$0$0$0
GEORGE KELLY
TRUSTEE1.00Yes (X)$0$0$0
BRAD LEFFLER
TRUSTEE1.00Yes (X)$0$0$0
STEPHEN MCGAW
TRUSTEE1.00Yes (X)$0$0$0
DENNIS MCHALE
TRUSTEE1.00Yes (X)$0$0$0
GEOFFREY MILLER
TRUSTEE1.00Yes (X)$0$0$0
TERRELL MILLER
TRUSTEE1.00Yes (X)$0$0$0
EUGENE MILLER III
TRUSTEE1.00Yes (X)$0$0$0
PRESTON MOXCEY
TRUSTEE1.00Yes (X)$0$0$0
PATRICK O'SHEA
TRUSTEE1.00Yes (X)$0$0$0
KATHY PERMENTER
TRUSTEE1.00Yes (X)$0$0$0
MARC SCHEINROCK
TRUSTEE1.00Yes (X)$0$0$0
MARC WOODS
TRUSTEE1.00Yes (X)$0$0$0
RICHARD VAN HOOSER
EXECUTIVE DIRECTOR40.00Yes (X)$41,842$0$6,453
FieldValueIRS element (for citing)
Total Reportable Comp From Org$41,842TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$6,453TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$119,054FederatedCampaignsAmt
Fundraising$252,881FundraisingAmt
Government Grants$230,696GovernmentGrantsAmt
All Other Contributions$152,413AllOtherContributionsAmt
Total Contributions$755,044TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
Descprogram feesDesc
Business541900BusinessCd
Total Revenue Column$23,053TotalRevenueColumnAmt
Related Or Exempt Func Income$23,053RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$23,053TotalProgramServiceRevenueAmt
Fundraising Gross Income$141,296FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$252,881ContriRptFundraisingEventAmt
Fundraising Direct Expenses$179,209FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$37,913TotalRevenueColumnAmt
Exclusion-$37,913ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescmiscellaneousDesc
Business900099BusinessCd
Total Revenue Column$28,405TotalRevenueColumnAmt
Related Or Exempt Func Income$28,405RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$28,405OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$768,589TotalRevenueColumnAmt
Related Or Exempt Func Income$51,458RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$37,913ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$82,254TotalAmt
Program Services$66,308ProgramServicesAmt
Management And General$7,376ManagementAndGeneralAmt
Fundraising$8,570FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$481,076TotalAmt
Program Services$378,607ProgramServicesAmt
Management And General$51,284ManagementAndGeneralAmt
Fundraising$51,185FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$14,423TotalAmt
Program Services$14,108ProgramServicesAmt
Fundraising$315FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$43,619TotalAmt
Program Services$38,552ProgramServicesAmt
Fundraising$5,067FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$46,887TotalAmt
Program Services$36,738ProgramServicesAmt
Management And General$5,165ManagementAndGeneralAmt
Fundraising$4,984FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,055TotalAmt
Management And General$14,055ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$101,185TotalAmt
Program Services$29,692ProgramServicesAmt
Management And General$4,086ManagementAndGeneralAmt
Fundraising$67,407FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$33,923TotalAmt
Program Services$10,423ProgramServicesAmt
Management And General$3,014ManagementAndGeneralAmt
Fundraising$20,486FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$20,895TotalAmt
Program Services$12,016ProgramServicesAmt
Management And General$5,067ManagementAndGeneralAmt
Fundraising$3,812FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$84,964TotalAmt
Program Services$35,218ProgramServicesAmt
Management And General$22,590ManagementAndGeneralAmt
Fundraising$27,156FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$17,352TotalAmt
Program Services$17,204ProgramServicesAmt
Management And General$133ManagementAndGeneralAmt
Fundraising$15FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,754TotalAmt
Program Services$1,472ProgramServicesAmt
Management And General$122ManagementAndGeneralAmt
Fundraising$160FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$18TotalAmt
Management And General$18ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,745TotalAmt
Management And General$4,745ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$947,150TotalAmt
Program Services$640,338ProgramServicesAmt
Management And General$117,655ManagementAndGeneralAmt
Fundraising$189,157FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$84,962BOYAmt
EOY$19,061EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$911BOYAmt
EOY$914EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$31,378BOYAmt
EOY$31,926EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$24,434LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$20,876LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,303BOYAmt
EOY$3,558EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,038BOYAmt
EOY$3,635EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$130,592BOYAmt
EOY$59,094EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$15,262BOYAmt
EOY$88,421EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$2,416BOYAmt
EOY$40,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,680BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$21,358BOYAmt
EOY$128,421EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$52,591BOYAmt
EOY-$69,327EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$56,643BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$109,234BOYAmt
EOY-$69,327EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$130,592BOYAmt
EOY$59,094EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$178,561ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,403,580CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,323,138CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,244,614CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$946,919CurrentTaxYearMinus1YearAmt
Current Tax Year$755,044CurrentTaxYearAmt
Total$13,673,295TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,403,580CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,323,138CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,244,614CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$946,919CurrentTaxYearMinus1YearAmt
Current Tax Year$755,044CurrentTaxYearAmt
Total$13,673,295TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$13,673,295PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,294CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,455CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,849CurrentTaxYearMinus2YearsAmt
Total$37,598TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,369CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,742CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,423CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,529CurrentTaxYearMinus1YearAmt
Current Tax Year$28,405CurrentTaxYearAmt
Total$69,468TotalAmt
FieldValueIRS element (for citing)
Total Support$13,780,361TotalSupportAmt
Gross Receipts Rltd Activities$6,246,825GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99220PublicSupportCY170Pct
Public Support PY1700.99560PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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 D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$56,643BeginningYearBalanceAmt
Other Expenditures$56,643OtherExpendituresAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$137,841BeginningYearBalanceAmt
Contributions$70,123ContributionsAmt
Other Expenditures$151,321OtherExpendituresAmt
End Year Balance$56,643EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$35,000BeginningYearBalanceAmt
Contributions$210,120ContributionsAmt
Other Expenditures$107,279OtherExpendituresAmt
End Year Balance$137,841EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$286,259BeginningYearBalanceAmt
Contributions$35,000ContributionsAmt
Other Expenditures$286,259OtherExpendituresAmt
End Year Balance$35,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$225,168BeginningYearBalanceAmt
Contributions$75,000ContributionsAmt
Other Expenditures$3,210OtherExpendituresAmt
Administrative Expenses$10,699AdministrativeExpensesAmt
End Year Balance$286,259EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,434OtherCostOrOtherBasisAmt
Depreciation$20,876DepreciationAmt
Book Value$3,558BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,558TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescdepositsDesc
Book Value$3,635BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$3,635TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$768,589TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$768,589RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$768,589TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$947,150TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$947,150ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$947,150TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationManagement has concluded that any tax positions that would not meet the more-likely-than-not criterion of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 740-10, Accounting for Income Taxes, would be immaterial to the financial statements taken as a whole. Accordingly, the accompanying financial statements do not include any provision for uncertain tax positions, and no related interest or penalties have been recorded in the statement of activities or accrued in the statement of financial position. Federal and state tax returns of the entity are generally open to examination by the relevant taxing authorities for a period of three years from the date the returns are filed.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1evening dinnerEvent1Nm
Gross Receipts Event1$394,177GrossReceiptsEvent1Amt
Charitable Contri Event1$252,881CharitableContriEvent1Amt
Gross Revenue Event1$141,296GrossRevenueEvent1Amt
Food And Beverage Event1$38,667FoodAndBeverageEvent1Amt
Entertainment Event1$132,500EntertainmentEvent1Amt
Other Direct Expenses Event1$8,042OtherDirectExpensesEvent1Amt
Gross Receipts Total$394,177GrossReceiptsTotalAmt
Charitable Contributions Tot$252,881CharitableContributionsTotAmt
Gross Revenue Total Events$141,296GrossRevenueTotalEventsAmt
Food And Beverage Total Events$38,667FoodAndBeverageTotalEventsAmt
Entertainment Total Events$132,500EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$8,042OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$179,209DirectExpenseSummaryEventsAmt
Net Income Summary-$37,913NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bTHE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE Accountant, and one member of the Finance Committee FOR ACCURACY AND COMPLETENESS BEFORE APPROVING THE RETURN. THE RETURN IS DISCUSSED WITH THE FINANCE COMMITTEE AND MADE AVAILABLE TO THE BOARD AT THE NEXT MEETING. ALSO, THE RETURN IS AVAILABLE FOR REVIEW UPON REQUEST.
Form 990, Part VI, Section B, line 12cEMPLOYEES AND BOARD MEMBERS OF LAUNCHABILITY HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THIS POLICY ESTABLISHES THE FRAMEWORK WITHIN WHICH LAUNCHABILITY WISHES ITS BUSINESS TO OPERATE. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO THAT EMPLOYEES AND BOARD MEMBERS CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. NO "PRESUMPTION OF GUILT" IS CREATED BY THE MERE EXISTANCE OF A RELATIONSHIP WITH OUTSIDE FIRMS. HOWEVER, IT IS IMPERATIVE THAT EMPLOYEES AND BOARD MEMBERS DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THAT COULD RESULT FROM SUCH RELATIONSHIPS TO AN OFFICER OF THE ORGANIZATION AS SOON AS POSSIBLE SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES.
Form 990, Part VI, Section B, line 15aLAUNCHABILITY UTILIZES A formal APPRAISAL SYSTEM DESIGNED TO FOCUS ON MUTUAL GOAL SETTING BY THE SUPERVISOR AND THE EMPLOYEE to fit the needs of highly independent professionals. The annual performance review is followed up by regular and frequent check-ins with the supervisor and employee TO ADJUST AND ASSESS PROGRESS TOWARD GOAL ATTAINMENT. Disciplinary actions would be handled in accordance with established laws and best practices. The LaunchAbility board HR committee oversees goal-setting and COMPENSATION which is tied to agency performance. TRAINING is the responsibility of the supervisor. PERFORMANCE OBJECTIVES ARE ESTABLISHED IN ADVANCE OF ANY EVALUATION, such that THE EMPLOYEE AND THE EVALUATING SUPERVISOR SHOULD HAVE A CLEAR MUTUAL UNDERSTANDING OF WHAT THE EMPLOYEE IS EXPECTED TO DO ON THE JOB.
Form 990, Part VI, Section C, line 19PUBLIC INSPECTION OF ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS.
Form 990, Part IX, line 11gprofessional fees: Program service expenses 29,692. Management and general expenses 4,086. Fundraising expenses 67,407. Total expenses 101,185.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LAUNCHABILITY FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14501 Sunbelt Dr Suite BAddressLine1Txt
CityAddisonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75001ZIPCd
FieldValueIRS element (for citing)
EIN451838041EIN
Primary ActivitiesSUPPORTPrimaryActivitiesTxt
Legal Domicile StateTXLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusLine 7PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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