2026-08-28T08:53:52-05:00 2024-12-31 562195159 STEWARD INGRAM & COOPER PLLC PO BOX 167 MORRISVILLE NC 27560 990 2024-01-01 474851964 LAUNCHBIO INC LAUN 8587242164 9276 SCRANTON RD SAN DIEGO CA 92121 BECKY BEATTIE CEO 8587242164 2026-08-26 1 1 STEPHANIE B HOLT CPA P01210703 9198720866 2024 X MIKE HOSTETLER 9276 SCRANTON RD SAN DIEGO CA 92121 812308 0 X WWW.LAUNCHBIO.ORG X 2015 CA LAUNCHBIO, INC. IS A NONPROFIT ORGANIZATION DEDICATED TO IDENTIFYING, COUNSELING, AND SUPPORTING HIGH-GROWTH, HIGH-IMPACT LIFE SCIENCE AND BIOTECHNOLOGY COMPANIES. ITS MISSION IS TO BUILD AN ECOSYSTEM OF INNOVATION THAT ADVANCES HUMAN HEALTH AND WELL-BEING BY CONNECTING BIOTECH ENTREPRENEURS WITH CRITICAL RESOURCESKNOWLEDGE, CAPITAL, AND TALENTACROSS THE NATION'S LEADING LIFE SCIENCE HUBS. LAUNCHBIO FOSTERS COLLABORATION, STRENGTHENS ENTREPRENEURIAL ECOSYSTEMS, AND PROMOTES EQUITABLE ACCESS TO OPPORTUNITIES WITHIN THE BIOTECH COMMUNITY, WITH A COMMITMENT TO DIVERSITY AND INCLUSIVENESS AS FOUNDATIONAL PRINCIPLES. 5 5 2 0 0 0 679800 791789 23800 20519 14 0 0 0 703614 812308 0 0 0 0 178304 180750 0 0 0 485544 354148 663848 534898 39766 277410 409567 499611 180933 24317 228634 475294 X LAUNCHBIO, INC. IS A NONPROFIT ORGANIZATION DEDICATED TO IDENTIFYING, COUNSELING, AND SUPPORTING HIGH-GROWTH, HIGH-IMPACT LIFE SCIENCE AND BIOTECHNOLOGY COMPANIES. ITS MISSION IS TO BUILD AN ECOSYSTEM OF INNOVATION THAT ADVANCES HUMAN HEALTH AND WELL-BEING BY CONNECTING BIOTECH ENTREPRENEURS WITH CRITICAL RESOURCESKNOWLEDGE, CAPITAL, AND TALENTACROSS THE NATION'S LEADING LIFE SCIENCE HUBS. LAUNCHBIO FOSTERS COLLABORATION, STRENGTHENS ENTREPRENEURIAL ECOSYSTEMS, AND PROMOTES EQUITABLE ACCESS TO OPPORTUNITIES WITHIN THE BIOTECH COMMUNITY, WITH A COMMITMENT TO DIVERSITY AND INCLUSIVENESS AS FOUNDATIONAL PRINCIPLES. 0 0 391629 20519 LAUNCHBIO'S MISSION AND IMPACT:LAUNCHBIO IDENTIFIES, COUNSELS, AND SUPPORTS HIGH-GROWTH, HIGH-IMPACT LIFE SCIENCE AND BIOTECHNOLOGY COMPANIES.ITS MISSION IS TO BUILD AN ECOSYSTEM OF INNOVATION FOR THE BENEFIT OF HUMAN HEALTH AND WELL-BEING.LAUNCHBIO'S IMPACT IS MEASURED BY ITS SUCCESS IN CONNECTING ENTREPRENEURS WITH KNOWLEDGE, CAPITAL AND TALENT - INCLUDING EACH OTHER - NOT ONLY WITHIN GEOGRAPHIC REGIONS, BUT ACROSS THE NATION'S LEADING LIFE SCIENCE HUBS.ENTREPRENEURS CAN SPEND THEIR TIME WORKING ON THEIR SCIENCE, WHILE LAUNCHBIO OFFERS EDUCATION ON BUILDING A BUSINESS, CONNECTING TO RESOURCES AND SUBJECT MATTER EXPERTS, AND INTRODUCTIONS TO FUNDING SOURCES. LAUNCHBIO PLACES ENTREPRENEURS AT THE HEART OF IT'S MISSION. STARTING A LIFE SCIENCE COMPANY IS CHALLENGING, AND IT CAN BE DIFFICULT TO GET THE HELP NEEDED TO ADVANCE AN IDEA, FIND PARTNERS AND FUNDING, AND NAVIGATE THE REGULATORY LANDSCAPE TO ACHIEVE SUCCESS. 391629 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X THE ORGANIZATION 8587242164 9276 SCRANTON RD SAN DIEGO CA 92121 MICHAEL HOSTETLER PRESIDENT 4.00 X X 0 0 0 JOHN FREEMAN TREASURER 4.00 X X 0 0 0 TIA WILLIAMS SECRETARY 4.00 X X 0 0 0 KATHLEEN GIBSON DIRECTOR 4.00 X 0 0 0 ANTON XAVIER DIRECTOR 4.00 X 0 0 0 BECKY BEATTIE CEO 40.00 X 120000 0 0 120000 0 0 1 0 0 0 0 353992 437797 791789 PROGRAM SERVICE REVENU 541900 14386 14386 EVENT REVENUE 541900 6127 6127 OTHER PROGRAM REVENUE 541900 6 6 20519 812308 20519 0 0 X 120000 77010 42990 47333 30375 16958 13417 8610 4807 9031 1200 7831 32475 32475 182716 182716 25205 816 24389 10309 10309 30558 28806 1752 61820 61820 2034 276 1758 534898 391629 143269 0 352265 290076 57302 208127 1408 50000 50000 0 0 409567 499611 180933 24317 180933 24317 X 228634 151586 323708 228634 475294 409567 499611 277410 -30750 0 X 0 1 X 1 0 X 670881 423500 467532 679800 791789 3033502 670881 423500 467532 679800 791789 3033502 1050630 1982872 13 2 9 14 38 1166 1166 3034706 101295 0.65340 0.60560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 0 0 1111500 299192 299192 812308 0 812308 834090 299192 299192 534898 0 534898 FORM 990, PART 1, LINE 1 - SIGNIFICANT ACTIVITIES IN 2024, LAUNCHBIO CONTINUED TO EXECUTE ITS MISSION THROUGH A ROBUST SLATE OF PROGRAMS AND INITIATIVES, EXPANDING ITS NATIONAL FOOTPRINT AND DEEPENING ITS IMPACT WITHIN THE BIOTECHNOLOGY SECTOR. KEY ACTIVITIES INCLUDED: 1. PROGRAM EXPANSION LARGER THAN LIFE SCIENCE SERIES: LAUNCHBIO HOSTED ITS SIGNATURE "LARGER THAN LIFE SCIENCE" IN-PERSON EVENT SERIES ACROSS MULTIPLE BIOTECH HUBS, INCLUDING DURHAM, SAN DIEGO, AND CAMBRIDGE. IN 2024, THE SERIES BROUGHT TOGETHER ENTREPRENEURS, INVESTORS, AND INDUSTRY EXPERTS FOR WORKSHOPS, PANEL DISCUSSIONS, AND NETWORKING. TOPICS COVERED EMERGING TRENDS SUCH AS BIOMANUFACTURING INNOVATIONS, GENE THERAPY COMMERCIALIZATION, AND DATA SECURITY FOR STARTUPS, EQUIPPING OVER 1,200 PARTICIPANTS WITH ACTIONABLE INSIGHTS AND CONNECTIONS TO SCALE THEIR VENTURES. 2. INVEST IN CURES FORUM: THE ANNUAL "INVEST IN CURES" FORUM, HELD IN FEBRUARY 2024 IN COLLABORATION WITH UC SAN FRANCISCO AND CONVENED LEADERS FROM DISEASE FOUNDATIONS, SOCIAL VENTURE FUNDS, AND BIOTECH STARTUPS. THIS FLAGSHIP EVENT FACILITATED DISCUSSIONS ON ACCELERATING EARLY-STAGE THERAPIES, WITH A FOCUS ON RARE DISEASES, AND HAD 150 ATTENDEES. THE FORUM UNDERSCORED LAUNCHBIO'S ROLE IN BRIDGING CAPITAL AND INNOVATION. 3. INVESTOR CONNECT: BUILDING ON ITS NETWORKING MISSION, LAUNCHBIO EXPANDED THE "INVESTOR CONNECT" INITIATIVE IN 2024, HOSTING 12 VIRTUAL EVENTS. THESE EVENTS CONNECTED OVER 120 EARLY-STAGE BIOTECH FOUNDERS WITH VENTURE CAPITALISTS IN CURATED, APPLICATION BASED MEETINGS. THE RESULTS BRIDGED INNOVATORS TO CAPITAL IN A WAY THAT WAS PREVIOUSLY NOT BEING DONE. 4. STRATEGIC PARTNERSHIPS AND REGIONAL IMPACT: LAUNCHBIO STRENGTHENED ITS COLLABORATION WITH PARTNERS LIKE BIOLABS AND THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION, LEVERAGING A 2023 "BUILD TO SCALE" GRANT TO ENHANCE THE BIOTECH+ HUB AT PEGASUS PARK. IN 2024, THIS HUB BECAME A CORNERSTONE FOR NORTH TEXAS BIOTECH INNOVATION, ONBOARDING 10 NEW RESIDENT COMPANIES AND LAUNCHING A TRAINING PROGRAM FOR UNDERREPRESENTED HIGH SCHOOL STUDENTS, WITH OVER 250 PARTICIPANTS GAINING REAL WORLD EXPERIENCE AS BIOTECH ENTREPRENEURS. 5. VIRTUAL PROGRAMMING AND THOUGHT LEADERSHIP: LAUNCHBIO DELIVERED 5 WEBINARS IN 2024, INCLUDING THE "GOING VIRTUAL" SERIES AND "NEXTGEN VC" PODCAST, REACHING A GLOBAL AUDIENCE OF 3,000+ BIOTECH PROFESSIONALS. THESE PROGRAMS PROVIDED INSIGHTS INTO VENTURE CAPITAL TRENDS, EQUITY MANAGEMENT, AND COMPENSATION STRATEGIES (E.G., FEATURING EXPERTS LIKE JODY THELANDER), REINFORCING LAUNCHBIO'S ROLE AS AN EDUCATIONAL LEADER IN THE FIELD. THESE ACTIVITIES REFLECT LAUNCHBIO'S ONGOING COMMITMENT TO EMPOWERING BIOTECH ENTREPRENEURS AND DRIVING INNOVATION, WITH MEASURABLE OUTCOMES IN ECOSYSTEM CONNECTIVITY, STARTUP GROWTH, AND COMMUNITY ENGAGEMENT THROUGHOUT 2024. 990 PAGE 1, PART B THE RETURN IS BEING AMENDED DUE TO THE ORGANIZATION COMPLETING AN AUDIT OF THEIR FINANCIAL STATEMENTS. THE RETURN IS BEING UPDATED TO INCLUDE THE CORRECT AUDITED BALANCES AND TO INCLUDE THE SCHEDULE D RECONCILIATION OF REVENUE AND EXPENSES PER AUDITED FINANCIAL STATEMENTS. SCHEDULE A, PART II, LINE 1 IS BEING CORRECTED TO AGREE WITH THE AUDIT. FORM 990 PART VIII REVENUE, PART IX STATEMENT OF FUNCTIONAL EXPENSES, AND PART X BALANCE SHEET ARE BEING CORRECTED TO AGREE WITH THE AUDIT BALANCES. FORM 990 PART III, LINE 4A EXPENSES AND REVENUE ARE BEING CORRECTED TO AGREE WITH THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LAUNCHBIO'S CONFLICT OF INTEREST POLICY IS LOCATED IN THE ORGANIZATION'S BYLAWS. THE BYLAWS REQUIRE REGULAR AND CONSISTENT DISCLOSURE OF ALL POTENTIAL CONFLICTS IN ADDITION TO COMPLIANCE AND ENFORCEMENT OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 CORPORATE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED STAFF: PROGRAM SERVICE EXPENSES 93,854. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,854. CONTRACTED MARKETING & PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 88,862. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,862.