Launch Network
- Assets
- $210.6k
- Revenue
- $551.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Denver, CO
- Founding
- 09/2018
- Data as of
- 06/2021
- EIN
- 82-3598469
Organization Overview
Launch Network is located in Denver, CO. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Launch Network employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Network 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 06/2021, Launch Network generated $551.6k in total revenue. All expenses for the organization totaled $368.2k during the year ending 06/2021. While expenses have increased by 168.3% per year over the past 4 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
THE ORGANIZATION PROVIDES ACADEMIC INSTRUCTION TO CHILDREN AND THEIR FAMILIES. OBJECTIVE IS TO ENCOURAGE EMOTIONAL/SOCIAL DEVELOPMENT COORDINATING RESOURCES AND PROVIDING A SUPPORT SYSTEM TO FAMILIES IN ECONOMICALLY CHALLENGED SHCOOLS AND NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. SERVICES WERE PROVIDED DIRECTLY TO APPROXIMATELY 50 STUDENTS, 25 SIBLINGS AND 30 PARENTS WITH ONE ELEMENATARY SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Darnell President | OfficerTrustee | 40 | $90,000 |
Sarah Rauenhorst Secretary | OfficerTrustee | 40 | $15,000 |
Pete Piccolo Director | Trustee | 2 | $0 |
Janeel Williams Director | Trustee | 2 | $0 |
Amy Engelmen Director | Trustee | 2 | $0 |
Sarah Craft 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 | $441,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,450 |
| Total Program Service Revenue | $110,191 |
| Investment income | $0 |
| 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 | $551,641 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,222 |
| All other expenses | $3,937 |
| Total functional expenses | $368,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $210,630 |
| Accounts payable and accrued expenses | $1,866 |
| 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 | $1,866 |
| Net assets without donor restrictions | $208,764 |
| 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 | $210,630 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Launch Network has recieved totaling $205,000.
| Awarding Organization | Amount |
|---|---|
Caring For Denver Foundation Denver, CO PURPOSE: Youth | $200,000 |
Mark And Karen Rauenhorst Foundation Minnetonka, MN PURPOSE: GENERAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |