2025-11-11T11:22:14-06:00 2024-12-31 222027092 WITHUM SMITH & BROWN PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2024-01-01 453980649 LAUNCH NEW YORK INC LAUN 7162000961 77 GOODELL STREET 201 BUFFALO NY 14203 MARION LAVIGNE PRESIDENT/CEO 7162000961 2025-11-11 1 1 MARY MADONIA P00405803 7168472651 2025-11-09 2024 2025-03-06 01:10:19Z MARION LAVIGNE 77 GOODELL STREET 201 BUFFALO NY 14203 3660726 0 X WWW.LAUNCHNY.ORG X 2011 NY TO STIMULATE ECONOMIC GROWTH IN ECONOMICALLY UNDERPERFORMING AREAS IN UPSTATE NEW YORK. 7 7 13 7 0 0 3082186 2504266 338555 725438 368858 421722 10000 9300 3799599 3660726 0 0 0 0 953277 922693 0 0 165135 1791778 1802764 2745055 2725457 1054544 935269 11956487 12283767 1961765 1303784 9994722 10979983 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 ACROSS 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 2295038 734738 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 1,749 COMPANIES AND IN 2024, LAUNCH NY SERVED 411 CLIENTS. BY THE END OF FISCAL YEAR 2024, LAUNCH NY COMPLETED 20 TRANSACTIONS FOR A TOTAL OF $1,175,000. 2295038 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 62 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 MAGGIE DORN BOARD MEMBER 1.00 X 0 0 0 ZACHARY SCHULMAN BOARD MEMBER 1.00 X 0 0 0 MEL PASSARELLI BOARD MEMBER/VICE CHAIRPERSON 1.00 X 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 1.00 X 0 0 0 MARION LAVIGNE CEO/PRESIDENT/SECRETARY 40.00 X 250000 0 15150 MICHAEL DEFREITAS ASSISTANT SECRETARY 1.00 X 0 0 0 SCOTT TERHAAR COO/TREASURER 20.00 X 75000 0 3000 325000 0 18150 1 0 1 0 THOMPSON HINE LLP 3900 KEY CENTER 127 PUBLIC SQUARE CLEVELAND OH 44114 LEGAL SERVICES 103042 1 1095780 1408486 30000 2504266 PROGRAM REVENUE 541610 725438 725438 725438 421722 421722 SPONSORSHIP REVENUE 900099 9300 9300 9300 3660726 734738 0 421722 X 325000 259999 45501 19500 442848 352359 61998 28491 26994 21528 3779 1687 68477 54610 9587 4280 59374 47351 8312 3711 94016 72393 14102 7521 62964 48482 9445 5037 602645 533898 57256 11491 185290 109360 75930 45713 37484 6857 1372 16708 13701 2506 501 39296 32223 5894 1179 109983 90186 16498 3299 4241 4241 BAD DEBTS 590417 590417 SOFTWARE 37862 31047 5679 1136 MISCELLANEOUS 13629 13629 2725457 2295038 265284 165135 270955 825543 5205459 4122526 842769 1057678 2756191 3236191 3909 2529 39545 39545 0 0 2330394 2346351 546810 692949 11956487 12283767 261765 228784 1450000 825000 250000 250000 1961765 1303784 X 9994722 10979983 9994722 10979983 11956487 12283767 935269 49992 0 X 0 1 X 0 1 1 X 2904639 2568434 3836021 3082186 2504266 14895546 2904639 2568434 3836021 3082186 2504266 14895546 6174458 8721088 199476 193628 197864 368858 421722 1381548 16277094 2040639 0.53580 0.50490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39545 39545 0 0 OTHER SECURITIES 2346351 C 2346351 DUE FROM RELATED ENTITIES 584554 INTEREST RECEIVABLE 108395 692949 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 10000 0 5150 0 265150 0 0 0 X IN-KIND SERVICES 3 30000 FMV 0 0 0 PART I, LINE 31 THE BOARD IS CONSIDERING THE CREATION OF THIS POLICY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE, INDEPENDENT ACCOUNTING FIRM. THE PRESIDENT/CEO, COO/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 922. MANAGEMENT AND GENERAL EXPENSES 162. FUNDRAISING EXPENSES 72. TOTAL EXPENSES 1,156. EIR CONTRACTORS: PROGRAM SERVICE EXPENSES 220,859. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 220,859. NON-EIR PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 312,117. MANAGEMENT AND GENERAL EXPENSES 57,094. FUNDRAISING EXPENSES 11,419. TOTAL EXPENSES 380,630. 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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