Launch Ministry
- Assets
- $204.9k
- Revenue
- $737.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Chaska, MN
- Founding
- 12/2009
- Data as of
- 12/2021
- EIN
- 26-4579522
Organization Overview
Launch Ministry is located in Chaska, MN. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Launch Ministry employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Ministry is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Launch Ministry generated $737.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $744.0k during the year ending 12/2021. While expenses have increased by 30.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WHAT: PROVIDE A SAFE SPACE AND EMPOWER UNSTABLY HOUSED AND IN-CRISIS YOUNG ADULTS WITH THE TOOLS, RESOURCES AND SUPPORT NEEDED TO TRANSITION SUCCESSFULLY TOWARDS ADULTHOODENABLING LIFE-SAVING OUTCOMES.HOW: WE FOCUS ON RELATIONSHIP AND TRUST BUILDING, ADVOCACY AND NAVIGATION OF THE NUMEROUS COMPLEX AGENCIES AND SYSTEMS WITH WHICH YOUNG ADULTS MUST ENGAGE TO ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMELESS YOUTH DROP IN CENTER - THE DROP IN CENTER PROVIDES IMMEDIATE NEEDS RESOURCES FOR HOMELESS YOUTH AND YOUNG ADULTS INCLUDING PERSONAL CARE SUPPLIES, FOOD, CLOTHING, HOT MEALS, BLANKETS AND PILLOWS. YOUTH CAN ALSO GAIN ACCESS TO LONG TERM HOUSING ASSISTANCE INCLUDING ASSESSMENT, SUPPORT GROUPS, LIFE SKILLS EDUCATION, EMPLOYMENT AND HOUSING SUPPORT. YOUTH MAY ALSO PARTICIPATE IN LAUNCH'S MENTORING PROGRAM TO RECEIVE GIFT CARDS FOR FOOD AND TRANSPORTATION. THIS PROGRAM SERVED 170 PARTICIPANTS IN 2021.
HOUSING SUPPORT PROGRAM - THE HOUSING SUPPORT PROGRAM PROVIDES PERMANENT SUPPORTIVE HOUSING FOR YOUNG ADULTS WHO ARE LONG TERM HOMELESS AND HAVE NEEDS FOR SUPPORTIVE SERVICES IN ORDER TO LIVE INDEPENDENTLY. THIS PROGRAM PROVIDED HOUSING FOR 26 PARTICIPANTS IN 2021.
EMERGENCY SHELTER PROGRAM - YOUNG ADULTS EXPERIENCING IMMEDIATE CRISIS ACCESS HOTEL VOUCHERS TO GAIN A SAFE PLACE TO SLEEP. PROGRAM PARTICIPANTS RECEIVE FOOD, SHELTER AND ACCESS TO CASE MANAGEMENT TO MOVE TOWARD STABLE HOUSING. IN 2021 THIS PROGRAM SUPPORTED 36 YOUTH AND 16 CHILDREN OF THOSE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Peterson Program Dir | Officer | 40 | $74,708 |
Corey Magstadt Executive Dir. | Officer | 40 | $58,367 |
Sara Ross Treasurer | OfficerTrustee | 2 | $0 |
Amanda Bloomgren Board Chair | OfficerTrustee | 2 | $0 |
Jared Brewington Treasurer | Trustee | 2 | $0 |
Dan Maus Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,529 |
| Total Program Service Revenue | $482,473 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,367 |
| Compensation of current officers, directors, key employees. | $17,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,165 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $335 |
| Office expenses | $1,938 |
| Information technology | $12,095 |
| Royalties | $0 |
| Occupancy | $14,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,204 |
| All other expenses | $5,863 |
| Total functional expenses | $744,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,666 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,867 |
| Accounts payable and accrued expenses | $41,970 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,970 |
| Net assets without donor restrictions | $162,897 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $204,867 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Launch Ministry has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Getsch Charitable Tr North Oaks, MN PURPOSE: MINISTRY SUPPORT/GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Davids Center Minnetonka, MN | $22,036,571 | $23,440,337 |
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Achieve Twin Cities Minneapolis, MN | $9,710,050 | $5,735,316 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
The Sanneh Foundation Inc St Paul, MN | $8,014,398 | $5,568,906 |
Minnesota Alliance With Youth Minneapolis, MN | $2,129,148 | $3,889,585 |
Circus Of The Star St Paul, MN | $2,488,927 | $3,369,220 |
Kellogg Programs Inc Milwaukee, WI | $40,506,593 | $21,606,757 |
Juxtaposition Inc Minneapolis, MN | $8,534,205 | $7,058,900 |
Cheyenne River Youth Project Inc Eagle Butte, SD | $6,953,670 | $4,891,646 |
Hope 4 Youth Coon Rapids, MN | $3,066,603 | $1,492,363 |