Nonprofit · EIN 26-3190220
LAUNCHYOURCITY INC
Also known as STARTCO, LAUNCHMEMPHIS
Tax-exempt · COLLIERVILLE, TN 38017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $881,149 | $746,121 | $135,028 | $110,204 | $393,840 | -$283,636 |
| December 31, 2023 | 990 | $487,810 | $705,387 | -$217,577 | $44,494 | $463,158 | -$418,664 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $568,303
- of which government grants
- $347,808
- Program service revenue
- $311,936
- Investment income
- $910
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,922
- Other salaries and wages
- $300,836
- Salaries, compensation and benefits (total)
- $482,984
- Professional fundraising fees
- $0
- Accounting fees
- $14,432
- Occupancy
- $4,323
- Travel
- $28,606
- Program services (functional)
- $394,697
- Management and general (functional)
- $198,254
- Fundraising (functional)
- $153,170
Balance sheet and other
- Total assets, start of year
- $44,494
- Total assets, end of year
- $110,204
- Total liabilities, end of year
- $393,840
- Net assets, end of year
- -$283,636
- Net assets without donor restrictions
- -$283,636
- Gross receipts
- $881,149
- Employees
- 6
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC MATHEWS | CEO, PRESIDENT, FOUNDER Trustee or director, Officer | 40 | $125,922 |
| BRAD SILVER | BOARD MEMBER, TREASURER Trustee or director, Officer | 0 | $0 |
| GWIN SCOTT | BOARD MEMBER Trustee or director | 0 | $0 |
| TOM BAKER | BOARD MEMBER Trustee or director | 0 | $0 |
| THOMAS HUSSEY | BOARD MEMBER Trustee or director | 0 | $0 |
| CHARLES BEECH | BOARD MEMBER Trustee or director | 0 | $0 |
| PHIL BLUM | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC MATHEWS | CEO, PRESIDENT, FOUNDER Trustee or director, Officer | 40 | $100,528 |
| BRAD SILVER | BOARD MEMBER, TREASURER Trustee or director, Officer | 0 | $0 |
| GWIN SCOTT | BOARD MEMBER Trustee or director | 0 | $0 |
| TOM BAKER | BOARD MEMBER Trustee or director | 0 | $0 |
| THOMAS HUSSEY | BOARD MEMBER Trustee or director | 0 | $0 |
| CHARLES BEECH | BOARD MEMBER Trustee or director | 0 | $0 |
| PHIL BLUM | BOARD MEMBER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 140 S MAIN ST STE 3, COLLIERVILLE, TN 38017-3042
- In care of
- % CHRIS ALLEN
- Mailing address (990-N for 2011)
- 516 TENNESSEE ST NO 133, MEMPHIS TN 38103
- Principal officer (990 for 2024)
- ERIC MATHEWS, 140 S MAIN STREET SUITE 3, COLLIERVILLE, TN 38017
- Principal officer (990-N for 2011)
- ERIC MATTHEWS, 516 TENNESSEE STREET SUITE 133, MEMPHIS TN 38103
- Signed the 990
- ERIC MATHEWS, PRESIDENT
- Phone
- (901) 213-7795
- Website
- WWW.LAUNCHYOURCITY.COM
- Return prepared by
- THE MARSTON GROUP PLC
Mission
LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL ENTREPRENEURS TO TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS. ADDITIONALLY, LAUNCHYOURCITY SUPPLIES A CO-WORKING ENVIRONMENT TO LOWER THE ECONOMIC BARRIER OF ENTRY TO INCUBATION ALONG WITH AD HOC MENTORING. FOR STARTUPS AND BUSINESSES, LAUNCHYOURCITY PROVIDES MEMPHIS' ONLY DYNAMIC INNOVATION ECONOMY PROGRAMMING TO KEEP UP-TO-SPEED ON THE LATEST TRENDS.
Program accomplishments
- ENTREPRENEURSHIP SUPPORT: SUPPORTING EARLY-STAGE START-UPS IN ALL AREAS OF BUSINESS DEVELOPMENT. ENTREPRENEURS ARE SCHOOLED IN DEVELOPING A BUSINESS MODEL THAT WILL ACHIEVE SUSTAINABILITY. THEY RECEIVE MENTORING, FINANCIAL COUNSELING AND OPPORTUNITIES TO COMPETE IN THE MARKETPLACE FOR INVESTOR FUNDING.Expenses $288,833 · revenue $238,075
- ECONOMIC DEVELOPMENT: LEVERAGING THE ECONOMIC ASSETS OF THE MEMPHIS REGION TO BUILD INNOVATIVE SOLUTIONS AND PROGRAMS TO CREATE MEANINGFUL JOBS, ECONOMIC OPPORTUNITY, AND MORE ADVANCED COMMUNITIES. WE WORK WITH CITY, STATE, AND FEDERAL GOVERNMENTS AS WELL AS CIVIC PARTNERS AND SUPPLY PROCESSES AND SUPPORT TO BUILD CIVIC INNOVATIONS AND SOLUTIONS THAT DRIVE ECONOMIC GROWTH FOR ALL CITIZENS.Expenses $105,864 · revenue $73,861
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3190220
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $110,204
- Income (IRS master file)
- $881,149
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $881,149 | $746,121 | $110,204 | XML |
| 990 | December 2023 | $487,810 | $705,387 | $44,494 | XML |
| 990 | December 2022 | $1,018,814 | $822,467 | $200,684 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | January 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: ERIC MATTHEWS | January 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3190220).
Questions about LAUNCHYOURCITY INC
- What is the EIN of LAUNCHYOURCITY INC?
- The employer identification number (EIN) of LAUNCHYOURCITY INC is 26-3190220.
- Is LAUNCHYOURCITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to LAUNCHYOURCITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUNCHYOURCITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAUNCHYOURCITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAUNCHYOURCITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAUNCHYOURCITY INC?
- The 990 for the year ended December 31, 2024 names ERIC MATHEWS.
- Who are the officers and directors of LAUNCHYOURCITY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $125,922 (ERIC MATHEWS, CEO, PRESIDENT, FOUNDER).
- How much revenue does LAUNCHYOURCITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $881,149, expenses of $746,121 and total assets of $110,204 at year end.
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All nonprofits in COLLIERVILLE · Tennessee · Community improvement and capacity building