Overview
What is Sc Launch Inc?
Sc Launch Inc, located in Columbia, South Carolina, serves as a vital supporting organization for the South Carolina Research Authority. Their primary mission is to boost South Carolina's innovation economy by fostering technology-driven growth in research, academia, entrepreneurship, and industry. They accomplish this by providing equity investments and convertible debenture funding to early-stage technology businesses. By doing so, Sc Launch Inc aims to stimulate economic growth and job creation in the region.
Official website here: www.scra.org
Is Sc Launch Inc legitimate?
Sc Launch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sc Launch Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scra.org
What is the mission statement of Sc Launch Inc?
Sc Launch Inc's mission is to drive technological innovation in South Carolina's economy by accelerating growth in research, academia, entrepreneurship, and industry. They accomplish this by providing equity investments and convertible debenture funding to technology-focused early-stage businesses. This funding aims to foster economic growth and job creation, positioning Sc Launch Inc as a supporting organization for the South Carolina Research Authority.
Official website here: www.scra.org
What is the revenue of Sc Launch Inc?
Sc Launch Inc's revenue in 2024 was $1,288,656.
Official website here: www.scra.org
Who are the executives of Sc Launch Inc and what are their salaries?
There 10 volunteers at Sc Launch Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $204,426
- Other: $31,763
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- Related: $113,522
- Other: $19,881
- Compensation: $0
- Related: $82,013
- Other: $7,011
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.scra.org
Where can I find the form 990 for Sc Launch Inc?
Sc Launch Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.scra.org
Learn more at the official website: www.scra.org
Mission Statement of Sc Launch Inc
Sc Launch Inc is committed to fueling South Carolina's innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship, and industry. In pursuit of this mission, the organization provides equity investments and convertible debenture funding to technology-related early-stage businesses. This support aims to foster economic growth and job creation, acting as a vital component of the South Carolina Research Authority. By investing in these burgeoning companies, Sc Launch Inc plays a crucial role in driving South Carolina's technological advancement and economic development, ultimately benefiting the broader community.
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Impact
October, 2024
Sc Launch Inc plays a vital role in bolstering South Carolina's innovation economy by accelerating technology-driven growth across research, academia, entrepreneurship, and industry. By providing equity investments and convertible debenture funding to early-stage technology-related businesses, it fosters significant economic development and job creation in the region. Located in Columbia, SC, Sc Launch Inc serves as a pivotal supporting organization of the South Carolina Research Authority, facilitating collaboration and resource allocation to promote entrepreneurship and technological advancement. Its efforts not only stimulate local economies but also contribute to a robust ecosystem that nurtures innovation and supports the state’s overall economic vitality.
This information is meant to be a general summary of Sc Launch Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $342,912
- Gross Receipts: $1,503,918
Assets and Liabilities:
- Total Assets: $12,983,051
- Total Liabilities: $0
- Net Assets: $12,983,051
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Organization Details
Founding Year
2006
Principal Officer
Matthew Bell
Website
www.scra.orgNTEE Category
Code: S11 - Community improvement
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