Overview
What is Launch?
Launch, situated in downtown Chapel Hill, North Carolina, is a start-up accelerator that nurtures high-potential entrepreneurs. This nonprofit organization, a collaboration between the Town of Chapel Hill, Orange County, and University of North Carolina-Chapel Hill, offers vital resources and support to help early-stage businesses grow into self-sustaining enterprises. Launch decreases risks, reduces the time to market, and accelerates growth for start-ups through its comprehensive array of tools and knowledge. By partnering with Launch, businesses in Orange County can maximize their potential and contribute to job creation in the region.
Is Launch legitimate?
Launch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Launch 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
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What is the mission statement of Launch?
Launch was established with the aim of offering co-working spaces and resources to businesses, particularly start-ups. Its mission is to amplify the potential of these start-ups and stimulate job creation in the community. This is achieved through the Launch program, which is backed by partnerships. The organization's goal is to minimize risks, expedite market entry, and accelerate the growth of these start-ups by providing them with essential support, tools, and knowledge.
Who is the CEO of Launch?
Laura Selmer is the Treasurer of Launch.
What is the revenue of Launch?
Launch's revenue in 2022 was $275,579.
Who are the executives of Launch and what are their salaries?
There 15 volunteers at Launch.
Here are 3 key members and their salaries:
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Where can I find the form 990 for Launch?
Launch's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Launch
Launch, as an organization, was established with a mission to support and empower businesses, specifically start-ups, in Orange County. Their goal is to maximize the potential of these fledgling ventures and stimulate job creation in the area, all through the implementation of their Launch program. By partnering with various entities, Launch offers a conducive co-working space and essential resources to nurture the growth of these enterprises, ultimately helping them transition from their early stages into self-sustaining entities.
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Impact
October, 2024
Launch plays a vital role in fostering entrepreneurship and economic growth in Orange County. By providing co-working spaces and an array of resources, it empowers start-up businesses to thrive. The partnership among local government, the university, and private sector investments enhances the support system available to entrepreneurs, thereby maximizing their potential.
Launch accelerates the development of early-stage enterprises by offering guidance, tools, and knowledge that help mitigate risks and streamline the path to market. This strategic support not only nurtures individual businesses but also contributes to job creation and community improvement in the region. The presence of Launch in downtown Chapel Hill serves as a catalyst for innovation, attracting talent and investment while strengthening the local economy. Through its programs, Launch is significantly shaping the entrepreneurial landscape, promoting self-sustaining businesses that can adapt and grow in a competitive market.
This information is meant to be a general summary of Launch. 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: $53,579
- Gross Receipts: $275,579
Assets and Liabilities:
- Total Assets: $198,226
- Total Liabilities: $0
- Net Assets: $198,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Business Incubator
Revenue
$53,579
Organization Details
Founding Year
2018
Phone
(919) 969-5010Principal Officer
Laura Selmer
Main Address
405 Martin Luther King Jr Blvd, Chapel Hill, NC, 27514
NTEE Category
Code: S43 - Community improvement
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