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Launchyourcity

Start Co

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263190220 ✦ Collierville, TN ✦ Designated as a 501(c)(3)

Overview

What is Launchyourcity?

Launchyourcity, operating under the name Start Co, is a nonprofit organization situated in Collierville, Tennessee. Their primary focus is on fostering entrepreneurship, particularly in the early stages, by providing support for start-ups across various business sectors. Through innovative programs, Launchyourcity assists potential entrepreneurs in refining their business models, offering mentoring, financial guidance, and opportunities to compete for investment funding. By creating a collaborative co-working environment and supplying ad hoc mentoring, Launchyourcity helps lower the financial barrier for incubation, enabling startups and businesses to stay updated on the latest trends in Memphis' dynamic innovation economy.


Official website here: www.neverstop.co

Is Launchyourcity legitimate?

Launchyourcity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Launchyourcity 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.

Here are some key statistics you may want to consider:

Executive Compensation: $293,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,873

For more financial information, click here


Official website here: www.neverstop.co

What is the mission statement of Launchyourcity?

LaunchYourCity supports the initial stages of entrepreneurship by offering dynamic programs that aid potential innovators in Memphis to develop a business model and take the first steps towards establishing a new venture. By providing a co-working environment and ad hoc mentoring, LaunchYourCity lowers the economic barrier of entry to incubation. The organization keeps startups and businesses up-to-date with the latest trends through its innovative economy programming in Memphis. Moreover, LaunchYourCity is committed to fostering an ecosystem where meaningful jobs, livable communities, inclusive societies, and collaborative governance intersect for success.


Official website here: www.neverstop.co

Who is the CEO of Launchyourcity?

Eric Mathews is the Ceo, President, Founder of Launchyourcity. The CEO's salary of Launchyourcity is $156,417 and their total compensation is $156,417.


Official website here: www.neverstop.co

What is the revenue of Launchyourcity?

Launchyourcity's revenue in 2022 was $1,018,814.


Official website here: www.neverstop.co

Who are the executives of Launchyourcity and what are their salaries?

The average compensation at Launchyourcity during 2022 was $83,054. There are 6 employees at Launchyourcity.

Here are 9 key members and their salaries (Launchyourcity's CEO's salary is $156,417 and their total compensation is $156,417):

    Eric Mathews (Ceo, President, Founder) [Trustee/Director]
  • Compensation: $156,417
  • Related: $0
  • Other: $0

    • Andre Fowkles (Co-President, Observer Boa) [Trustee/Director]
  • Compensation: $137,031
  • Related: $0
  • Other: $0

    • Brad Silver (Board Member, Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Scarboro (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gwin Scott (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Baker (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Hussey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Beech (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Blum (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.neverstop.co

    Where can I find the form 990 for Launchyourcity?

    The Launchyourcity’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.neverstop.co

    Learn more at the official website: www.neverstop.co

    Mission Statement of Launchyourcity

    LaunchYourCity, an organization dedicated to innovation and entrepreneurship, supports the initial stages of business development in Memphis. By offering dynamic programs, LaunchYourCity assists potential civic, social, and tech-based entrepreneurs and innovators in creating a business model and taking the first steps towards starting a new venture. The organization is a proponent of innovation-driven economic development, leveraging the region's assets to foster meaningful jobs, liveable communities, inclusive societies, and collaborative governance, all intersecting for success.

    Beyond its programmatic offerings, LaunchYourCity provides a co-working environment that lowers the economic barrier of entry to incubation. The organization offers ad hoc mentoring, as well as dynamic innovation economy programming, keeping startups and businesses up-to-date on the latest trends. By supporting the earliest stages of entrepreneurship, LaunchYourCity empowers individuals to turn their ideas into actionable business plans, thereby contributing to the economic growth and vitality of the community.

    Impact

    This information is meant to be a general summary of Launchyourcity. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Launchyourcity's impact can be seen in the support it provides for early-stage entrepreneurship in Memphis. By offering dynamic programs that assist potential entrepreneurs and innovators in developing their business models and taking the initial steps towards starting a new business, Launchyourcity plays a crucial role in fostering innovation and economic development in the region. Through initiatives such as entrepreneurship support, mentoring, financial counseling, and opportunities to compete in the marketplace for investor funding, Launchyourcity empowers startups to achieve sustainability and success. Additionally, by providing a co-working environment and innovative economy programming, Launchyourcity helps lower the barrier of entry to incubation and ensures that businesses stay up-to-date on the latest trends. Overall, Launchyourcity's impact can be seen in the growth of a vibrant entrepreneurial ecosystem in Memphis that contributes to meaningful job creation, livable communities, inclusive societies, and collaborative governance.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $189
  • Program Service Revenue: $326,500
  • Gross Receipts: $1,018,814

    • Assets and Liabilities:
  • Total Assets: $200,684
  • Total Liabilities: $395,315
  • Net Assets: -$194,631
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ENTREPRENEUR TRAINING/

    Revenue

    $326,500

    Organization Details

    Founding Year

    2008

    Principal Officer

    Eric Mathews

    Main Address

    140 S MAIN ST 3, COLLIERVILLE, TN, 38017

    NTEE Category

    Code: S30 - Community improvement

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