2022-09-12T16:49:08-05:00 2021-12-31 454051133 FREED MAXICK CPAS PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2021-01-01 453980649 LAUNCH NEW YORK INC LAUN 7162000961 77 GOODELL STREET 201 BUFFALO NY 14203 MARION LAVIGNE PRESIDENT/CEO 7162000961 2022-08-25 1 MARION LAVIGNE 999009999 MARY MADONIA P00405803 7168472651 2022-08-25 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARION LAVIGNE 77 GOODELL STREET SUITE 201 BUFFALO NY 14203 3066885 0 X WWW.LAUNCHNY.ORG X 2011 NY TO STIMULATE ECONOMIC GROWTH IN ECONOMICALLY UNDERPERFORMING AREAS IN UPSTATE NEW YORK. 9 9 10 9 0 0 2904639 2568434 363950 298922 199476 193628 2500 5901 3470565 3066885 0 0 0 0 733165 720334 0 0 62790 1123551 1212646 1856716 1932980 1613849 1133905 5910787 7715825 345960 1022610 5564827 6693215 X THE ORGANIZATION'S OBJECTIVE IS TO IDENTIFY, SUPPORT AND INVEST IN HIGH-GROWTH, HIGH-IMPACT COMPANIES THAT CAN TRANSFORM THE LOCAL ECONOMY AND CATALYZE THE ENTREPRENEURIAL CULTURE IN THE 27 COUNTIES COMPRISING THE WESTERN HALF OF UPSTATE NEW YORK BY PROVIDING PRO-BONO MENTORSHIP AND CAPITAL ACCESS PROGRAMS & SERVICES TO ENTREPRENEURS WITH A PARTICULAR GOAL OF HELPING SCALABLE STARTUPS POSITION THEMSELVES TO RECEIVE PROFESSIONAL EQUITY INVESTMENTS FROM LAUNCH NY AND ANGEL, SEED-STAGE, AND VENTURE CAPITAL INVESTORS. 0 0 1670909 304823 THE REGIONAL ENTREPRENEURSHIP ACTION PLAN IMPLEMENTATION PROGRAM: PROVIDE HIGH-GROWTH, HIGH-IMPACT COMPANIES THE GUIDANCE THEY NEED TO BECOME INVESTABLE AND SUCCESSFUL. LAUNCH NY CONNECTS ENTREPRENEURS TO RESOURCES AND FUNDING BOTH WITHIN THE UPSTATE NY ECOSYSTEM AND BEYOND. SINCE THE BEGINNING OF 2012, LAUNCH NY HAS SERVED 1,324 COMPANIES AND IN 2021, LAUNCH NY SERVED 334 CLIENTS. BY THE END OF FISCAL YEAR 2021, LAUNCH NY COMPLETED 26 TRANSACTIONS FOR A TOTAL OF $955,000. 1670909 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 49 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X THE ORGANIZATION 7168884735 77 GOODELL STREET 201 BUFFALO NY 14203 GEORGE CHAMOUN BOARD MEMBER/CHAIRPERSON 1.00 X X 0 0 0 JORDAN LEVY BOARD MEMBER/VICE CHAIRPERSON 1.00 X X 0 0 0 MAGGIE DORN BOARD MEMBER 1.00 X 0 0 0 ZACHARY SCHULMAN BOARD MEMBER 1.00 X 0 0 0 JENNIFER BECKAGE BOARD MEMBER 1.00 X 0 0 0 MEL PASSARELLI BOARD MEMBER 1.00 X 0 0 0 MELODIE BAKER BOARD MEMBER 1.00 X 0 0 0 THOMAS LYNCH BOARD MEMBER 1.00 X 0 0 0 QUINCY ALLEN BOARD MEMBER (EFFECTIVE 1/8/2021) 1.00 X 0 0 0 MARION LAVIGNE CEO/PRESIDENT/SECRETARY 40.00 X 250000 0 8000 MICHAEL DEFREITAS ASSISTANT SECRETARY 1.00 X 0 0 0 SCOTT TERHAAR COO/TREASURER 40.00 X 117050 0 5425 367050 0 13425 2 0 1 0 THOMPSON HINE LLP 3900 KEY CENTER 127 PUBLIC SQUARE CLEVELAND OH 44114 LEGAL SERVICES 110150 1 1384013 1184421 10000 2568434 PROGRAM REVENUE 541610 298922 298922 298922 193628 193628 SPONSORSHIP REVENUE 900099 5901 5901 5901 3066885 304823 0 193628 X 367050 289970 55058 22022 237029 187253 35553 14223 11567 9138 1735 694 59165 46740 8875 3550 45523 35963 6829 2731 86351 70807 12953 2591 53606 43957 8041 1608 440512 388870 43007 8635 112785 109401 3384 29913 24529 4487 897 13524 11090 2028 406 7530 6175 1129 226 39773 32613 5966 1194 3469 3469 2882 2882 BAD DEBTS 377218 377218 SOFTWARE 20957 17185 3143 629 GRANT ADMINISTRATION 20000 20000 MISCELLANEOUS 4126 4126 1932980 1670909 199281 62790 428748 833017 1891005 2442338 435230 439277 2458175 2598691 1924 8374 39545 37979 5035 1566 441140 1041966 249530 350596 5910787 7715825 233459 297610 475000 112501 250000 345960 1022610 X 5514827 6693215 50000 0 5564827 6693215 5910787 7715825 X 1133905 -5517 X 0 1 X 0 0 X 1594150 2363640 3347264 2904639 2568434 12778127 1594150 2363640 3347264 2904639 2568434 12778127 4261092 8517035 54788 85041 161623 199476 193628 694556 13472683 1090537 0.63220 0.67630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39545 37979 1566 1566 OTHER SECURITIES 1041966 C 1041966 X PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE, AND ACCORDINGLY, NO PROVISION FOR FEDERAL TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. US GAAP PROVIDES GUIDANCE ON THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT FOR INCOME TAX POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE IN THE ORGANIZATION'S INCOME TAX RETURNS. THE ORGANIZATION TAKES MANY TAX POSITIONS RELATIVE TO TAX LAWS, INCLUDING THOSE TAKEN IN DETERMINING WHETHER TAX IS DUE, A REFUND IS OWED, A TAX RETURN NEEDS TO BE FILED, OR THE CHARACTERIZATION OF INCOME AS TAXABLE (FOR EXAMPLE, UNRELATED BUSINESS INCOME) OR NONTAXABLE. THE ORGANIZATION HAS NOT RECORDED ANY LIABILITIES RELATING TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES ITS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IN THE U.S. FEDERAL JURISDICTION AND ITS ANNUAL FILING OF CHARITABLE ORGANIZATION IN NEW YORK STATE. FOR TAX PURPOSES THE LAUNCH NY SEED FUND, LLC IS CONSIDERED A DISREGARDED ENTITY. X X 0 0 0 0 0 0 0 0 0 MARION LAVIGNE CEO/PRESIDENT/SECRETARY 190000 0 60000 0 0 0 5000 0 3000 0 258000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. THE PRESIDENT/CEO, CONTROLLER, TREASURER, AND THE BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS AND KEY PERSONNEL ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY WHEN THEY JOIN THE ORGANIZATION AND UPDATE ON AN ANNUAL BASIS THEREAFTER. FORM 990, PART VI, SECTION B, LINE 15A THE CEO AND COO SALARIES ARE DETERMINED BY THE BOARD OF DIRECTORS. THE POSITIONS INCLUDE A WRITTEN EMPLOYMENT AGREEMENT. THE PRESIDENT/CEO SETS SALARIES FOR THE STAFF POSITIONS BASED ON LABOR MARKET RATES AND INDIVIDUAL QUALIFICATIONS OF HIRED STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC ONLINE AT THE NYS ATTORNEY GENERAL'S CHARITIES BUREAU WEBSITE OR BY REQUEST. FORM 990, PART IX, LINE 11G PAYROLL FEES: PROGRAM SERVICE EXPENSES 894. MANAGEMENT AND GENERAL EXPENSES 170. FUNDRAISING EXPENSES 68. TOTAL EXPENSES 1,132. EIR CONTRACTORS: PROGRAM SERVICE EXPENSES 153,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 153,800. NON-EIR PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 234,176. MANAGEMENT AND GENERAL EXPENSES 42,837. FUNDRAISING EXPENSES 8,567. TOTAL EXPENSES 285,580. FORM 990, PART XI, LINE 9: IMPAIRMENT OF NON-MARKETABLE SECURITIES -5,517. LAUNCH NY SEED FUND LLC 77 GOODELL ST SUITE 201 BUFFALO NY 14203 473619552 TO MAKE INVESTMENTS IN START-UP COMPANIES IN UPSTATE NEW YORK. 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