2025-12-11T09:28:05-05:00 2025-06-30 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2024-07-01 832564017 LAUNCH INC LAUN 9192442474 136 EAST ROSEMARY STREET SUITE 100 CHAPEL HILL NC 27514 EMIL RUNGE EXECUTIVE DIRECTOR 7632180266 2025-11-20 true true SUSAN DEAN P01281194 9196621001 2025-12-11 2024 2025-03-06 01:10:19Z EMIL RUNGE 136 EAST ROSEMARY STREET SUITE 100 CHAPEL HILL NC 27514 278208 false X WWW.LAUNCHCHAPELHILL.COM X 2018 NC LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM. 10 10 3 25 0 349250 274500 3000 0 -9645 3708 0 342605 278208 37500 0 0 117550 130240 0 0 125081 212358 280131 342598 62474 -64390 231506 298452 7410 138746 224096 159706 X LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM. false false 215293 LAUNCH CHAPEL HILL, A START-UP ACCELERATOR LOCATED IN DOWNTOWN CHAPEL HILL, FOSTERS HIGH-POTENTIAL ENTREPRENEURS WHO ARE COMMITTED TO BUILDING THEIR EARLY-STAGE, HIGH-POTENTIAL BUSINESSES INTO SELF-SUSTAINING ENTERPRISES. LAUNCH IS A TRULY UNIQUE PARTNERSHIP OF PRIVATE AND PUBLIC INVESTMENT BETWEEN THE TOWN OF CHAPEL HILL, ORANGE COUNTY, AND UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL. LAUNCH PROVIDES THE SUPPORT, TOOLS AND KNOWLEDGE NEEDED TO DECREASE RISKS, REDUCE GO-TO-MARKET TIME, AND ACCELERATE THE GROWTH OF START-UPS. 215293 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 3 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false true false false X EMIL RUNGE 9192442474 136 EAST ROSEMARY STREET SUITE 100 CHAPEL HILL NC 27514 X EMIL RUNGE EXECUTIVE DI 40.00 X 0 0 0 IAN BALTUTIS EXECUTIVE DI 40.00 X 109671 0 2108 SHERYL WADDELL BOARD CHAIR 2.00 X X 0 0 0 ELAINE BOLLE VICE CHAIR 2.00 X X 0 0 0 SCOTT MAITLAND SECRETARY/TR 1.00 X X 0 0 0 LESLIE JUMP DIRECTOR 1.00 X 0 0 0 MICHAEL LINNANE DIRECTOR 1.00 X 0 0 0 FRAN WILSON DIRECTOR 1.00 X 0 0 0 DANIEL SALAZAR DIRECTOR 1.00 X 0 0 0 DAVID PUTNAM DIRECTOR 2.00 X 0 0 0 JAN DAVIS DIRECTOR 2.00 X 0 0 0 LENNON DODSON DIRECTOR 1.00 X 0 0 0 109671 2108 1 false false false 237000 37500 274500 3708 3708 278208 3708 103448 103448 11044 11044 7177 7177 8571 8571 24451 24451 21370 21370 16374 16374 24631 24631 2208 2208 70834 70834 2822 2822 2000 2000 1744 1744 PROGRAM EXPENSES 26204 26204 EVENT MEALS 13022 13022 SOFTWARE SUBSCRIPTIONS 4441 4441 PARKING 2186 2186 71 71 342598 215293 127305 0 72134 66900 100036 73083 30000 150000 29336 8469 231506 298452 7410 26246 112500 7410 138746 X 210596 146206 13500 13500 224096 159706 231506 298452 -64390 X false false false X 176808 222000 366465 349250 274500 1389023 176808 222000 366465 349250 274500 1389023 9645 1379378 36 3708 3744 1392767 146081 0.99040 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990 - ORGANIZATION'S MISSION LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN WILL BE REVIEWED BY THE TREASURER AND THE PROGRAM DIRECTOR BEFORE SIGNING. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR AND NON-DIRECTOR MEMBER IS REQUIRED ANNUALLY SIGN A STATEMENT CONFIRMING RECIEPT OF THE CONFLICT OF INTEREST POLICY. PER POLICY, THEY ARE REQUIRED TO DISCLOSE THE EXISTANCE OF A CONFLICT OF INTEREST IN ANY PROPOSED TRANSACTION. BASED ON THE INFORMATION, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON SHALL NOT VOTE ON THE ISSUE. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINE THE SALARY OF THE EXECUTIVE DIRECTOR (ED) BASED ON THE JOB DESCRIPTION, THE AMOUNT AVAILABLE ACCORDING TO THE BUDGET AND AN INFORMAL SEARCH FOR SALARY LEVELS OF ED'S IN COMPARABLE NONPROFIT ORGANIZATIONS. EACH CHANGE IN THE ED'S SALARY AND POTENTIAL ANNUAL BONUS IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART VII IAN BALTUTIS LEFT THE ORGANIZATION IN OCTOBER OF 2024 AND EMIL RUNGE BECAME THE EXECUTIVE DIRECTOR IN JANUARY 2025. THOUGH MR. RUNGE IS LISTED AS THE CURRENT EXECUTIVE DIRECTOR OF LAUNCH INC, HE HAD NO REPORTABLE WAGES IN 2024.