Overview
What is Launch Inc?
Launch Inc, situated in Chattanooga, Tennessee, is a nonprofit organization that prioritizes empowering underrepresented entrepreneurs in their community. They achieve this by offering ongoing training and support, engaging with local high school students through an entrepreneurship program, and sharing their model with numerous groups in other U.S. cities. With a dedicated team of seven individuals, Launch Inc's mission is to fostering entrepreneurship and uplifting both individuals and communities.
Official website here: www.launchchattanooga.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Launch Inc has received a solid rating of 84% from Charity Navigator, which reflects a good level of accountability and financial health. The organization demonstrates strong governance with a fully independent board and excellent financial oversight. Their program expense ratio of 70.41% indicates a commitment to utilizing funds for their programs effectively.
However, some areas require improvement, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy highlights potential weaknesses in their operational transparency. Additionally, the organization's tax form is not posted on their website, which could affect accessibility for stakeholders.
Overall, while Launch Inc shows a strong commitment to its mission with effective financial practices, enhancing their governance policies would further strengthen their accountability and trust with donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Launch Inc legitimate?
Launch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $389,870
For more financial information, click here
Official website here: www.launchchattanooga.org
What is the mission statement of Launch Inc?
Launch Inc's mission is centered around empowering individuals and communities through entrepreneurship. They achieve this by offering continuous training and support to underrepresented entrepreneurs in various cities. Furthermore, Launch Inc engages with local high school students, providing them with hands-on entrepreneurship experiences. Additionally, the organization shares its entrepreneurship model with numerous groups in different U.S. cities.
Official website here: www.launchchattanooga.org
Who is the CEO of Launch Inc?
Hal Bowling is the Executive Di of Launch Inc.
Official website here: www.launchchattanooga.org
What is the revenue of Launch Inc?
Launch Inc's revenue in 2022 was $1,180,931.
Official website here: www.launchchattanooga.org
Who are the executives of Launch Inc and what are their salaries?
The average compensation at Launch Inc during 2022 was $55,696. There are 7 employees and 75 volunteers at Launch Inc.
Here are 8 key members and their salaries:
- Compensation: $106,527
- Related: $0
- Other: $8,223
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.launchchattanooga.org
Where can I find the form 990 for Launch Inc?
Launch Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.launchchattanooga.org
Learn more at the official website: www.launchchattanooga.org
Mission Statement of Launch Inc
Launch CHA, as an organization, empowers individuals and communities by fostering entrepreneurship. Their mission is centered around providing ongoing training and support to underrepresented entrepreneurs in the city, empowering local high school students through hands-on entrepreneurial experiences, and sharing their successful model with various groups in other U.S. cities. In essence, Launch CHA seeks to uplift individuals and communities by nurturing entrepreneurial skills and fostering a spirit of innovation and self-sufficiency.
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Impact
July, 2024
Launch Inc's impact can be seen in the transformation of individuals and communities through entrepreneurship in Chattanooga, TN. By providing ongoing training and support to hundreds of underrepresented entrepreneurs, empowering students in local high schools with hands-on entrepreneurship experiences, and sharing their successful model with groups in other U.S. cities, Launch Inc is making a significant difference in fostering innovation, empowerment, and economic development. Their work not only helps individuals realize their entrepreneurial potential but also contributes to overall community improvement, creating a ripple effect of positive change.
This information is meant to be a general summary of 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 2022.
- Investment Income: $896
- Program Service Revenue: $110,984
- Gross Receipts: $1,180,931
Assets and Liabilities:
- Total Assets: $1,317,452
- Total Liabilities: $607,352
- Net Assets: $710,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$110,984
Organization Details
Founding Year
2011
Phone
(423) 785-8235Principal Officer
Hal Bowling
Main Address
PO BOX 903, CHATTANOOGA, TN, 37401
Website
www.launchchattanooga.orgNTEE Category
Code: S43 - Community improvement
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