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Nonprofit · EIN 83-2564017

LAUNCH

Tax-exempt · CHAPEL HILL, NC 27514

Financials

$284K$320K2022$343K$280K2023$278K$343K2024
Revenue Expenses · by fiscal year end
Financials of LAUNCH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$278,208$342,598-$64,390$298,452$138,746$159,706
June 30, 2024990$342,605$280,131$62,474$231,506$7,410$224,096
June 30, 2023990$283,736$320,340-$36,604$287,234$125,612$161,622
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$274,500
of which government grants
$237,000
Program service revenue
$0
Investment income
$3,708
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$103,448
Other salaries and wages
$11,044
Salaries, compensation and benefits (total)
$130,240
Professional fundraising fees
$0
Legal fees
$24,451
Accounting fees
$21,370
Occupancy
$70,834
Travel
$2,822
Program services (functional)
$215,293
Management and general (functional)
$127,305

Balance sheet and other

Total assets, start of year
$231,506
Total assets, end of year
$298,452
Total liabilities, end of year
$138,746
Net assets, end of year
$159,706
Net assets without donor restrictions
$146,206
Net assets with donor restrictions
$13,500
Gross receipts
$278,208
Employees
3
Volunteers
25
Year formed
2018
State of legal domicile
NC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
IAN BALTUTISEXECUTIVE DI
Officer
40$109,671$2,108
EMIL RUNGEEXECUTIVE DI
Officer
40$0$0
SHERYL WADDELLBOARD CHAIR
Trustee or director, Officer
2$0$0
ELAINE BOLLEVICE CHAIR
Trustee or director, Officer
2$0$0
SCOTT MAITLANDSECRETARY/TR
Trustee or director, Officer
1$0$0
LESLIE JUMPDIRECTOR
Trustee or director
1$0$0
MICHAEL LINNANEDIRECTOR
Trustee or director
1$0$0
FRAN WILSONDIRECTOR
Trustee or director
1$0$0
DANIEL SALAZARDIRECTOR
Trustee or director
1$0$0
DAVID PUTNAMDIRECTOR
Trustee or director
2$0$0
JAN DAVISDIRECTOR
Trustee or director
2$0$0
LENNON DODSONDIRECTOR
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensation
TIM FLOODEXECUTIVE DI
Officer
40$113,500
IAN BATUTISEXECUTIVE DI
Officer
40$9,833
ELAINE BOLLEDIRECTOR
Trustee or director
1$0
STEVE BRANTLEYDIRECTOR
Trustee or director
1$0
LENNON CIANCIULLIDIRECTOR
Trustee or director
1$0
JAN DAVISDIRECTOR
Trustee or director
1$0
LESLIE JUMPDIRECTOR
Trustee or director
1$0
SCOTT MAITLANDDIRECTOR
Trustee or director
1$0
DAVID PUTNAMDIRECTOR
Trustee or director
1$0
DANIEL SALAZARDIRECTOR
Trustee or director
1$0
SHERYL WADDELLBOARD CHAIR
Trustee or director
1.5$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
Sheryl WaddellTreasurer
Trustee or director, Officer
1.5$0
Steve BrantleySecretary
Trustee or director, Officer
0.5$0
Dwight BassettChairman
Trustee or director, Officer
1.5$0

Address and contacts

Address (IRS master file)
136 E ROSEMARY ST, CHAPEL HILL, NC 27514-3555
In care of
% DWIGHT BASSETT
Principal officer (990 for 2024)
EMIL RUNGE, 136 EAST ROSEMARY STREET SUITE 100, CHAPEL HILL, NC 27514
Signed the 990
EMIL RUNGE, EXECUTIVE DIRECTOR
Phone
(919) 244-2474
Return prepared by
LANGDON & COMPANY LLP

Mission

LAUNCH INC WAS FOUNDED TO PROVIDE CO-WORKING SPACE AND RESOURCES FOR BUSINESSES IN ORANGE COUNTY. WITH THE SUPPORT OF OUR PARTNERS, LAUNCH SEEKS TO MAXIMIZE THE POTENTIAL OF START-UPS AND CREATE JOBS IN ORANGE COUNTY THROUGH THE LAUNCH PROGRAM.

990 for the year ended June 30, 2025

Program accomplishments

  • LAUNCH CHAPEL HILL, A START-UP ACCELERATOR LOCATED IN DOWNTOWN CHAPEL HILL, FOSTERS HIGH-POTENTIAL ENTREPRENEURS WHO ARE COMMITTED TO BUILDING THEIR EARLY-STAGE, HIGH-POTENTIAL BUSINESSES INTO SELF-SUSTAINING ENTERPRISES. LAUNCH IS A TRULY UNIQUE PARTNERSHIP OF PRIVATE AND PUBLIC INVESTMENT BETWEEN THE TOWN OF CHAPEL HILL, ORANGE COUNTY, AND UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL. LAUNCH PROVIDES THE SUPPORT, TOOLS AND KNOWLEDGE NEEDED TO DECREASE RISKS, REDUCE GO-TO-MARKET TIME, AND ACCELERATE THE GROWTH OF START-UPS.
    Expenses $215,293

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
83-2564017
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
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$298,452
Income (IRS master file)
$278,208

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$278,208$342,598$298,452XML
990June 2024$342,605$280,131$231,506IRS
990June 2023$283,736$320,340$287,234XML
990June 2022$275,579$282,701$198,226IRS
990June 2021–––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 83-2564017).

Questions about LAUNCH

What is the EIN of LAUNCH?
The employer identification number (EIN) of LAUNCH is 83-2564017.
Is LAUNCH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
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 June 30, 2026) is due November 16, 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 June 2025.
Who is the principal officer of LAUNCH?
The 990 for the year ended June 30, 2025 names EMIL RUNGE.
Who are the officers and directors of LAUNCH?
The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $109,671 (IAN BALTUTIS, EXECUTIVE DI).
How much revenue does LAUNCH have?
On its 990 for the year ended June 30, 2025 it reported revenue of $278,208, expenses of $342,598 and total assets of $298,452 at year end.

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