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Nonprofit · EIN 46-2203112

LAUNCH

Tax-exempt (reinstated) · CHATTANOOGA, TN 37401

Financials

$1.6M$1.3M2023$999K$1.5M2024
Revenue Expenses · by fiscal year end
Financials of LAUNCH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$999,089$1,534,891-$535,802$3,447,753$2,936,421$511,332
December 31, 2023990$1,594,760$1,257,726$337,034$1,678,542$631,408$1,047,134
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$614,905
Program service revenue
$301,101
Investment income
$1,546
Net rental income
$81,537
Other revenue
$81,537

Expenses

Grants and similar amounts paid
$5,591
Compensation of officers, directors and key employees
$253,591
Other salaries and wages
$223,537
Salaries, compensation and benefits (total)
$547,569
Professional fundraising fees
$0
Legal fees
$2,092
Accounting fees
$21,461
Occupancy
$149,657
Travel
$46,068
Depreciation
$86,233
Program services (functional)
$1,014,214
Management and general (functional)
$354,997
Fundraising (functional)
$165,680

Balance sheet and other

Total assets, start of year
$1,678,542
Total assets, end of year
$3,447,753
Total liabilities, end of year
$2,936,421
Net assets, end of year
$511,332
Land, buildings and equipment
$3,059,637
Net assets without donor restrictions
$494,347
Net assets with donor restrictions
$16,985
Gross receipts
$999,089
Employees
6
Volunteers
79
Year formed
2011
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.

NameTitleHours / weekCompensationOther / benefits
HAL BOWLINGCEO
Trustee or director
40$122,707$9,088
DEJUAN JORDANCEO
Trustee or director
40$112,707$9,088
ZAC BROWNMEMBER
Trustee or director
1$0$0
MARCUS CADE-JOHNSONPRESIDENT
Trustee or director, Officer
1$0$0
CHUCK FISHERMEMBER
Trustee or director
1$0$0
LINDSEY GALLAHERMEMBER
Trustee or director
1$0$0
QUENTIN LAWRENCEMEMBER
Trustee or director
1$0$0
JULI-ANN MORGANTREASURER
Trustee or director, Officer
1$0$0
TERNAE JORDAN SRMEMBER
Trustee or director
1$0$0
LUIS CONTRERASMEMBER
Trustee or director
1$0$0
MANDY SENN-SIMMONSMEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
HAL BOWLINGCEO
Trustee or director
40$127,316$8,980
DEJUAN JORDANCEO
Trustee or director
40$89,816$8,980
ZAC BROWNMEMBER
Trustee or director
1$0$0
MARCUS CADE-JOHNSONPRESIDENT
Trustee or director, Officer
1$0$0
CHUCK FISHERMEMBER
Trustee or director
1$0$0
LINDSEY GALLAHERMEMBER
Trustee or director
1$0$0
QUENTIN LAWRENCEMEMBER
Trustee or director
1$0$0
JULI-ANN MORGANTREASURER
Trustee or director, Officer
1$0$0
TERNAE JORDAN SRMEMBER
Trustee or director
1$0$0
LUIS CONTRERASMEMBER
Trustee or director
1$0$0
LINDSEY COXSECRETARY
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 903, CHATTANOOGA, TN 37401-0903
In care of
% LAUN
Principal officer (990 for 2024)
HAL BOWLING, PO BOX 903, CHATTANOOGA, TN 37401
Signed the 990
HAL BOWLING, CEO
Phone
(423) 523-9307
Return prepared by
JOHNSON HICKEY & MURCHISON PC

Mission

LAUNCH EMPOWERS INDIVIDUALS AND IMPACTS COMMUNITIES THROUGH ENTREPRENEURSHIP.

990 for the year ended December 31, 2024

Program accomplishments

  • LAUNCH EMPOWERS INDIVIDUALS AND IMPACTS COMMUNITIES THROUGH ENTREPRENEURSHIP. WE WORK TIRELESSLY TO ENSURE THAT ANYONE WITH A BUSINESS DREAM HAS THE TOOLS TO BRING IT TO LIFE, ESPECIALLY THOSE UNDERREPRESENTED IN ENTREPRENEURSHIP. OUR FOCUS IS ON BUSINESSES OWNED BY WOMEN, PEOPLE OF COLOR, YOUTH, AND FOOD ENTREPRENEURS.USING OUR COLLECTIVE RESOURCES, RELATIONSHIPS, CREATIVITY, AND BUSINESS EXPERTISE, WE HELP INDIVIDUALS START AND STRENGTHEN THEIR BUSINESSES. WE PROVIDE A SUPPORT SYSTEM FOR THOSE WITHOUT ONE, BELIEVING IT IS KEY TO THEIR LONG-TERM SUCCESS. SINCE 2011, LAUNCH HAS SUPPORTED BUSINESSES AND TRACKED THEIR PROGRESS. REMARKABLY, 85% OF THE BUSINESSES WE'VE HELPED ARE STILL OPERATING TODAY.WE ARE CONTINUALLY INSPIRED BY THE ENTREPRENEURS WE WORK WITH. PLEASE CONSIDER INVESTING IN OUR EFFORTS AND PARTNERING WITH US ON THIS EXCITING JOURNEY!
    Expenses $1,014,214 · grants $5,591 · revenue $301,101

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-2203112
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,447,753
Income (IRS master file)
$999,089

Revocation and reinstatement

Exemption revoked
May 15, 2014
Posted by the IRS
October 15, 2014
Reinstated
Effective May 15, 2014

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$999,089$1,534,891$3,447,753XML
990December 2023$1,594,760$1,257,726$1,678,542XML
990December 2022$1,180,931$981,190$1,317,452IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

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 46-2203112).

Questions about LAUNCH

What is the EIN of LAUNCH?
The employer identification number (EIN) of LAUNCH is 46-2203112.
Is LAUNCH tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
Are donations to LAUNCH tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAUNCH 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 LAUNCH 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 LAUNCH 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 LAUNCH?
The 990 for the year ended December 31, 2024 names HAL BOWLING.
Who are the officers and directors of LAUNCH?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $122,707 (HAL BOWLING, CEO).
How much revenue does LAUNCH have?
On its 990 for the year ended December 31, 2024 it reported revenue of $999,089, expenses of $1,534,891 and total assets of $3,447,753 at year end.

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