Launch Gurls
- Assets
- $55.2k
- Revenue
- $245.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Somerville, MA
- Founding
- Data as of
- 12/2021
- EIN
- 85-0908781
Organization Overview
Launch Gurls is located in Somerville, MA. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Gurls 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 Gurls generated $245.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $200.4k during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 2 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
TO ENABLE THE ECONOMIC EMPOWERMENT OF GIRLS AND YOUNG WOMEN AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, LAUNCH GURLS IMPACTED 1600+GIRLS AGED 14-24 THROUGH 3 PARTNERS ACROSS 9 COUNTRIES: INDIA, KENYA, UGANDA, NIGERIA, CAMEROON, COLOMBIA, USA, NEPAL, AND HAITI. WE DEVELOPED AND IMPLEMENTED THE GIRL BOSS BASICS PROGRAM WHICH IS AN INTRODUCTION TO ENTRENEURSHIP AND THE ENTREPRENEURIAL MINDSET USING GIRLS' OWN LIVES. IN ADDITION TO THE GIRL BOSS BASICS CURRICULUM, LAUNCH GURLS DEVELOPED A TOOLKIT TO HELP PARTNERS AROUND THE WORLD IMPLEMENT GIRL BOSS PROGRAMMING WHICH INCLUDES IMPACT ASSESSMENTS, MANAGEMENT DASHBOARDS, AND TRAINING. OVER 92% OF PARTICIPANTS SAID THAT THEY WOULD RECOMMEND THE PROGRAM POSITIVELY TO ANOTHER GIRL. OVER 90% OF PARTICIPANTS LEFT THE PROGRAM POSITIVELY TO ANOTHER GIRL. OVER 90% OF PARTICIPANTS LEFT THE PROGRAM MORE CONFIDENT IN THEMSELVES AND SPECIFICALLY IN THEIR ABILITY TO THINK CRITICALLY AND SOLVE PROBLEMS, COMMUNICATE EFFECTIVELY, BE FLEXIBLE AND ADAPTABLE, TAKE INITIATIVE, BE SELF-RELIANT, PLAN FOR THEIR FUTURE, AND IDENTIFY AND USE SUPPORT NETWORKS. THE IMPACT ASSESSMENT REPORT HIGHLIGHTS THE LARGE PERCENTAGE GAINS OF GIRLS' PRE AND POST PROGRAM CONFIDENCE LEVELS (OVER 90%) IN DEVELOPING AND IMPLEMENTING THESE SKILLS. GIRL BOSS BASICS SHOWS WITH STATISTICAL SIGNIFICANCE THAT GIRLS BENEFIT FROM THIS PROGRAM AND EMERGE NOT JUST MORE CONFIDENT BUT ALSO WITH A CRITICAL SET OF 21ST CENTURY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Averil Spencer President/director/ceo | OfficerTrustee | 45 | $100,000 |
Kylie Schuyler Treasurer/director | Officer | 1 | $0 |
Deborah Jackson Secretary/director | Officer | 1 | $0 |
Barbara Herz Director | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agata Rutskowska Mandaya Consulting | 12/30/21 | $34,000 |
Arti Nair Mohanan Consulting | 12/30/21 | $10,150 |
Egira Ombati Consulting | 12/30/21 | $12,500 |
Aishwarya Pramond Consulting | 12/30/21 | $6,300 |
Shivalika Gill Consulting | 12/30/21 | $7,800 |
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 | $245,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,609 |
| Total Program Service Revenue | $0 |
| 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 | $245,609 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $21,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,909 |
| Advertising and promotion | $0 |
| Office expenses | $11,812 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $200,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,231 |
| 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 | $55,231 |
| Accounts payable and accrued expenses | $10,065 |
| 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 | $10,065 |
| Net assets without donor restrictions | $0 |
| 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 | $55,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Network For Teaching Entrepreneurship New York, NY | $9,589,884 | $12,214,690 |
Reel Stories Teen Filmmaking Inc Brooklyn, NY | $1,349,194 | $2,572,031 |
Youth Service Managers Inc Boxford, MA | $5,127,710 | $1,464,939 |
Young Entrepreneurs Academy Inc Pittsford, NY | $192,804 | $326,928 |
Junior Achievement Of Western Massachusetts Springfield, MA | $260,866 | $404,989 |
Partners For Education And Business Inc Syracuse, NY | $12,469 | $270,994 |
Nykbi Inc New York, NY | $57,865 | $227,712 |
Launch Gurls Somerville, MA | $55,231 | $245,609 |
Harvard Yearbook Publications Fund Tr Cambridge, MA | $0 | $152,575 |
Youth Business Initiative Norwalk, CT | $37,948 | $0 |
Himalayan Education Foundation Inc Peterborough, NH | $65,731 | $0 |
Core Vision Foundation Inc Jackson Heights, NY | $19,300 | $0 |