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Southside Business Technology Center Inc (Dba The Launch Place)

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202917301 ✦ Danville, VA ✦ Designated as a 501(c)(3)

Overview

What is Southside Business Technology Center Inc (Dba The Launch Place)?

Southside Business Technology Center Inc, commonly known as The Launch Place, is a venture development organization situated in Danville, Virginia, and the Research Triangle Park, North Carolina. Their primary mission is to invest in innovative start-ups from Virginia and North Carolina with the potential to generate economic impact in the Dan River region. Through their pre-seed and seed investment funds, they support promising entrepreneurs financially. Besides investments, The Launch Place also offers business consulting, training, mentoring, and provides office space to these entrepreneurs, aiming to foster their growth and success. With a team of four dedicated individuals, The Launch Place plays a significant role in nurturing and developing innovative businesses in the region.


Official website here: www.thelaunchplace.org

Is Southside Business Technology Center Inc (Dba The Launch Place) legitimate?

Southside Business Technology Center Inc (Dba The Launch Place) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southside Business Technology Center Inc (Dba The Launch Place) submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $179,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,696

For more financial information, click here


Official website here: www.thelaunchplace.org

What is the mission statement of Southside Business Technology Center Inc (Dba The Launch Place)?

The Southside Business Technology Center Inc., operating under the name The Launch Place, is a venture development organization that invests in innovative start-ups in Virginia and North Carolina. Its primary goal is to identify start-ups with the potential to generate economic impact, primarily in the Dan River region. Beyond investments, The Launch Place offers a range of support services to entrepreneurs. This includes business consulting, training, mentoring, and provision of office space. The organization aims to empower these entrepreneurs and contribute to their growth and success.


Official website here: www.thelaunchplace.org

Who is the CEO of Southside Business Technology Center Inc (Dba The Launch Place)?

Eva Doss is the Board Chair of Southside Business Technology Center Inc (Dba The Launch Place). The CEO's salary of Southside Business Technology Center Inc (Dba The Launch Place) is $179,108 and their total compensation is $195,751.


Official website here: www.thelaunchplace.org

What is the revenue of Southside Business Technology Center Inc (Dba The Launch Place)?

Southside Business Technology Center Inc (Dba The Launch Place)'s revenue in 2022 was $1,752,354.


Official website here: www.thelaunchplace.org

Who are the executives of Southside Business Technology Center Inc (Dba The Launch Place) and what are their salaries?

The average compensation at Southside Business Technology Center Inc (Dba The Launch Place) during 2022 was $119,201. There are 4 employees at Southside Business Technology Center Inc (Dba The Launch Place).

Here are 8 key members and their salaries (Southside Business Technology Center Inc (Dba The Launch Place)'s CEO's salary is $179,108 and their total compensation is $195,751):

    Eva Doss (President/Ceo) [Trustee/Director]
  • Compensation: $179,108
  • Related: $0
  • Other: $16,643

    • Varun Sadana (Vice President)
  • Compensation: $144,200
  • Related: $0
  • Other: $13,032

    • Greg Feldman (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jan Davis (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Horin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marty Kaszubowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn Dehart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thelaunchplace.org

    Where can I find the form 990 for Southside Business Technology Center Inc (Dba The Launch Place)?

    The Southside Business Technology Center Inc (Dba The Launch Place)’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thelaunchplace.org

    Learn more at the official website: www.thelaunchplace.org

    Mission Statement of Southside Business Technology Center Inc (Dba The Launch Place)

    Southside Business Technology Center Inc., doing business as The Launch Place, is a venture development organization that invests in innovative start-ups in Virginia and North Carolina with the potential to create significant economic impact. Located in Danville and the Research Triangle Park, this nonprofit organization provides more than just investment funds. It offers comprehensive business support to entrepreneurs, including consulting, training, mentoring, and office space. By investing in and nurturing these start-ups, The Launch Place aims to stimulate growth and development within the Dan River Region.

    Impact

    This information is meant to be a general summary of Southside Business Technology Center Inc (Dba The Launch Place). Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Southside Business Technology Center Inc (Dba The Launch Place) makes a significant impact on the entrepreneurial landscape in Virginia and North Carolina. By investing in innovative start-ups with the potential to create economic growth in the Dan River region, The Launch Place not only supports the growth of new businesses but also stimulates the local economy. Through its pre-seed and seed investment funds, along with offering business consulting, training, mentoring, and office space to entrepreneurs, The Launch Place plays a crucial role in fostering a thriving startup ecosystem. Its efforts contribute to job creation, business development, and overall community improvement in the regions it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $103,077
  • Program Service Revenue: $34,250
  • Gross Receipts: $1,752,354

    • Assets and Liabilities:
  • Total Assets: $6,448,984
  • Total Liabilities: $134,429
  • Net Assets: $6,314,555
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    IDEA AND BIG LAUNCH

    Revenue

    $33,500

    CLIENT FEES - CONSULTI

    Revenue

    $750

    Organization Details

    Founding Year

    2005

    Principal Officer

    Eva Doss

    Main Address

    527 BRIDGE STREET 200, DANVILLE, VA, 24541

    NTEE Category

    Code: S30 - Community improvement

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