Overview
What is Launch Alaska?
Launch Alaska is a 501(c)(3) nonprofit organization situated in Alaska. Their primary objective is to foster innovation and entrepreneurship within the state, particularly by addressing complex issues. They achieve this by uniting entrepreneurs, military personnel, utility operators, researchers, and thought leaders, all working towards a shared vision of a thriving and dynamic Alaska. Launch Alaska offers valuable assistance to tech startups, providing them with essential resources such as training, mentorship, guidance, and networking opportunities. Furthermore, they assist companies in identifying potential growth avenues.
Official website here: www.launchalaska.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Launch Alaska has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strong governance features, with an independent board and effective policies in place, such as conflict of interest and whistleblower protections. Their program expense ratio is impressive, showing that a significant portion of their resources is directed toward their programs.
However, the organization faces a significant challenge with a high liabilities to assets ratio, which raised concerns about financial sustainability. This factor negatively impacts their overall score and suggests potential financial risks that could affect their operations in the future. While they excel in transparency and governance, addressing their financial liabilities will be crucial for improving their rating and ensuring long-term viability.
Overall, while Launch Alaska shows strengths in commitment to accountability and program funding, they need to focus on improving their financial stability. Donors may want to consider these factors when deciding to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Launch Alaska legitimate?
Launch Alaska is a legitimate nonprofit organization registered as a 501(c)(3) entity. Launch Alaska 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: $655,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $537,078
For more financial information, click here
Official website here: www.launchalaska.com
What is the mission statement of Launch Alaska?
Launch Alaska, as a 501(c)(3) organization, strives to foster a thriving innovation and entrepreneurial ecosystem. It achieves this by bringing together various stakeholders, including entrepreneurs, military personnel, utility operators, researchers, and thought leaders. Their shared goal is to transform Alaska into a hub for technological advancements and business growth. Launch Alaska supports tech startups by offering training, mentorship, advice, and networking opportunities. Furthermore, it assists companies in identifying potential growth areas, contributing to the overall growth and development of the region.
Official website here: www.launchalaska.com
Who is the CEO of Launch Alaska?
Isaac Vanderburg is the Vice President, Ceo of Launch Alaska. The CEO's salary of Launch Alaska is $139,777 and their total compensation is $166,774.
Official website here: www.launchalaska.com
What is the revenue of Launch Alaska?
Launch Alaska's revenue in 2022 was $1,975,549.
Official website here: www.launchalaska.com
Who are the executives of Launch Alaska and what are their salaries?
The average compensation at Launch Alaska during 2022 was $132,485. There are 9 employees and 9 volunteers at Launch Alaska.
Here are 14 key members and their salaries (Launch Alaska's CEO's salary is $139,777 and their total compensation is $166,774):
- Compensation: $139,777
- Related: $0
- Other: $26,997
- Compensation: $139,132
- Related: $0
- Other: $4,400
- Compensation: $139,497
- Related: $0
- Other: $0
- Compensation: $112,187
- Related: $0
- Other: $20,357
- Compensation: $63,502
- Related: $0
- Other: $3,284
- Compensation: $43,172
- Related: $0
- Other: $8,449
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.launchalaska.com
Where can I find the form 990 for Launch Alaska?
Launch Alaska's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.launchalaska.com
Learn more at the official website: www.launchalaska.com
Mission Statement of Launch Alaska
Launch Alaska, a 501(c)(3) organization, is dedicated to fostering innovation and entrepreneurship in Alaska. Its mission is to catalyze a resource revolution by convening various stakeholders such as entrepreneurs, military personnel, utility operators, researchers, and thought leaders. These individuals collaborate towards a common vision of transforming Alaska into a vibrant hub for innovation and enterprise.
Launch Alaska offers support to tech startups that tackle challenging issues within Alaska. It provides these fledgling companies with essential resources, including training, mentorship, advice, and networking opportunities. By doing so, Launch Alaska aims to empower these startups to grow and make significant contributions to Alaska's economy and society. Additionally, the organization assists established companies in identifying and capitalizing on opportunities for expansion and development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Launch Alaska's impact can be seen in its successful acceleration of the resource revolution in Alaska. By bringing together entrepreneurs, members of the military, utility operators, researchers, and thought leaders, Launch Alaska is fostering a culture of innovation and entrepreneurship in the state. Through its support of tech startups that tackle challenging problems specific to Alaska, Launch Alaska is not only helping these companies grow but also contributing to the overall economic development of the region. Additionally, by providing training, mentorship, advice, and networking opportunities, Launch Alaska is empowering these startups to thrive and make a meaningful impact in their communities.
This information is meant to be a general summary of Launch Alaska. 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.
- Program Service Revenue: $211,131
- Gross Receipts: $1,975,549
Assets and Liabilities:
- Total Assets: $119,878
- Total Liabilities: $491,993
- Net Assets: -$372,115
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$211,131
Organization Details
Phone
(907) 952-3681Principal Officer
Isaac Vanderburg
Main Address
721 Depot Drive, Anchorage, AK, 99501
Website
www.launchalaska.comNTEE Category
Code: S20 - Community improvement
If you are a representative of Launch Alaska and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.