Overview
What is Launch Network?
Launch Network is a nonprofit organization situated in Denver, Colorado. With a focus on empowering economically disadvantaged children and their families, they offer academic instruction and resources to foster emotional and social development. Directly serving around 50 students, 25 siblings, and 30 parents from a local elementary school, Launch Network aims to create a supportive environment by coordinating resources for families in need. The organization employs a small team of four individuals, dedicated to making a positive impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Launch Network has received a solid rating, indicating a strong performance in accountability and financial health. The organization boasts a perfect score for having 100% independent board members, which suggests a commitment to transparency and good governance. Additionally, the financial statements are thoroughly reviewed, and there have been no reported diversions of assets, reflecting sound financial management practices.
The organization demonstrates a high program expense ratio of nearly 86%, meaning a significant portion of its funding is directed towards its programs rather than administrative costs. This focus on programmatic work indicates that Launch Network is dedicated to fulfilling its mission effectively. However, while the financial metrics are impressive, further information about the impact of their programs could provide a more comprehensive understanding of their effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Launch Network legitimate?
Launch Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Launch Network 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $277,493
For more financial information, click here
What is the mission statement of Launch Network?
Launch Network's mission is centered around providing academic instruction to children and their families in economically challenged schools and neighborhoods. The organization aims to foster emotional and social development in these children by coordinating resources and offering a support system to their families. Through its programs, Launch Network directly assists around 50 students, 25 siblings, and 30 parents, working closely with an elementary school.
Who is the CEO of Launch Network?
Justin Darnell is the President of Launch Network.
What is the revenue of Launch Network?
Launch Network's revenue in 2022 was $632,146.
Who are the executives of Launch Network and what are their salaries?
The average compensation at Launch Network during 2022 was $91,873. There are 4 employees at Launch Network.
Here are 7 key members and their salaries:
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $0
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- 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
Where can I find the form 990 for Launch Network?
Launch Network's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Launch Network
Launch Network, a nonprofit organization, is dedicated to empowering children and their families in economically disadvantaged schools and neighborhoods. Their mission is twofold: firstly, they offer academic instruction to children to foster their intellectual growth. Secondly, they aim to promote emotional and social development among children and their families by coordinating resources and providing a supportive system. This holistic approach ensures that the children's educational journey is not only academically enriching but also nurturing for their emotional well-being. Through their programs, Launch Network directly served around 50 students, 25 of their siblings, and 30 parents at one elementary school.
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Impact
July, 2024
Launch Network's impact lies in its dedication to providing academic instruction and support to children and families in economically challenged schools and neighborhoods. By offering programs that focus on emotional and social development, coordinating resources, and creating a strong support system, Launch Network directly impacts the lives of approximately 50 students, 25 siblings, and 30 parents in one elementary school in Denver, CO. Through their mission to encourage growth and empowerment, Launch Network plays a crucial role in enhancing the educational opportunities and well-being of those they serve.
This information is meant to be a general summary of Launch Network. 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: $177,660
- Gross Receipts: $632,146
Assets and Liabilities:
- Total Assets: $277,905
- Total Liabilities: $18,352
- Net Assets: $259,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service fee revenue
Revenue
$177,660
Organization Details
Founding Year
2017
Phone
(303) 808-1384Principal Officer
Justin Darnell
Main Address
8421 EAST 21ST AVE, DENVER, CO, 80238
NTEE Category
Code: B90 - Education
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