Nonprofit · EIN 76-0400074
LAUNCH POINT CDC INC
Tax-exempt (reinstated) · HOUSTON, TX 77016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $869,161 | $842,070 | $27,091 | $29,962 | $0 | $29,962 |
| December 31, 2023 | 990 | $384,761 | $463,665 | -$78,904 | $2,871 | $0 | $2,871 |
| December 31, 2022 | 990 | $835,272 | $753,497 | $81,775 | $81,775 | $0 | $81,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $869,161
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,940
- Occupancy
- $24,788
- Program services (functional)
- $842,070
Balance sheet and other
- Total assets, start of year
- $2,871
- Total assets, end of year
- $29,962
- Total liabilities, end of year
- $0
- Net assets, end of year
- $29,962
- Net assets without donor restrictions
- $29,962
- Gross receipts
- $869,161
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1993
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Ivory Mayhorn | Exec Director Trustee or director, Officer | 40 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ivory Mayhorn | Exec Director Trustee or director, Officer | 40 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy West | Operations Director Key employee | 40 | $72,000 |
| Julia Nelson | Administrative Director Key employee | 40 | $36,000 |
| Ivory Mayhorn | Executive Director Key employee | 10 | $5,000 |
Address and contacts
- Address (IRS master file)
- 7107 LANGLEY RD, HOUSTON, TX 77016-3325
- Mailing address (990-N for 2017)
- 5807 Little York, Houston TX 77016
- Principal officer (990-N for 2017)
- Ivory Mayhorn, 5807 Little York, Houston TX 77016
- Signed the 990
- Ivory Mayhorn, Executive Director
- Phone
- (713) 636-2959
- Website
- www.thelaunchcenter.org
- Return prepared by
- Cornelius Financial Advisory PC
Mission
Launch Point CDC is a non-profit organization based in Northeast Houston. Our mission is to empower individuals and families in underserved communities to reach their full potential through access to education, job training and community development initiatives.
Program accomplishments
- Launch Point CDC is a non-profit organization based in Northeast Houston. Our mission is to empower individuals and families in underserved communities to reach their full potential through access to education, job training and community development initiatives.Expenses $842,070
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
- 76-0400074
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $29,962
- Income (IRS master file)
- $869,161
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- August 8, 2022
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $869,161 | $842,070 | $29,962 | IRS |
| 990 | December 2023 | $384,761 | $463,665 | $2,871 | XML |
| 990 | December 2022 | $835,272 | $753,497 | $81,775 | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Ivory Mayhorn | December 31, 2017 | ≤ $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 76-0400074).
Questions about LAUNCH POINT CDC INC
- What is the EIN of LAUNCH POINT CDC INC?
- The employer identification number (EIN) of LAUNCH POINT CDC INC is 76-0400074.
- Is LAUNCH POINT CDC INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to LAUNCH POINT CDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUNCH POINT CDC 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 LAUNCH POINT CDC 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 LAUNCH POINT CDC 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 LAUNCH POINT CDC INC?
- The 990-N for 2017 names Ivory Mayhorn.
- Who are the officers and directors of LAUNCH POINT CDC INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does LAUNCH POINT CDC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $869,161, expenses of $842,070 and total assets of $29,962 at year end.
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