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Launch Inc

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

EIN: 462203112 ✦ Chattanooga, TN ✦ Designated as a 501(c)(3)

Overview

What is Launch Inc?

Launch Inc, situated in Chattanooga, Tennessee, is a nonprofit organization that prioritizes empowering underrepresented entrepreneurs in their community. They achieve this by offering ongoing training and support, engaging with local high school students through an entrepreneurship program, and sharing their model with numerous groups in other U.S. cities. With a dedicated team of seven individuals, Launch Inc's mission is to fostering entrepreneurship and uplifting both individuals and communities.


Official website here: www.launchchattanooga.org

Is Launch Inc legitimate?

Launch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Launch Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $389,870

For more financial information, click here


Official website here: www.launchchattanooga.org

What is the mission statement of Launch Inc?

Launch Inc's mission is centered around empowering individuals and communities through entrepreneurship. They achieve this by offering continuous training and support to underrepresented entrepreneurs in various cities. Furthermore, Launch Inc engages with local high school students, providing them with hands-on entrepreneurship experiences. Additionally, the organization shares its entrepreneurship model with numerous groups in different U.S. cities.


Official website here: www.launchchattanooga.org

Who is the CEO of Launch Inc?

Hal Bowling is the Executive Di of Launch Inc.


Official website here: www.launchchattanooga.org

What is the revenue of Launch Inc?

Launch Inc's revenue in 2022 was $1,180,931.


Official website here: www.launchchattanooga.org

Who are the executives of Launch Inc and what are their salaries?

The average compensation at Launch Inc during 2022 was $55,696. There are 7 employees and 75 volunteers at Launch Inc.

Here are 8 key members and their salaries:

    Hal Bowling (Executive Di)
  • Compensation: $106,527
  • Related: $0
  • Other: $8,223

    • Zac Brown (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcus Cade-Johnson (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chuck Fisher (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lindsey Gallaher (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Quentin Lawrence (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juli-Ann Morgan (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ternae Jordan Sr (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.launchchattanooga.org

    Where can I find the form 990 for Launch Inc?

    The Launch Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.launchchattanooga.org

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

    Mission Statement of Launch Inc

    Launch CHA, as an organization, empowers individuals and communities by fostering entrepreneurship. Their mission is centered around providing ongoing training and support to underrepresented entrepreneurs in the city, empowering local high school students through hands-on entrepreneurial experiences, and sharing their successful model with various groups in other U.S. cities. In essence, Launch CHA seeks to uplift individuals and communities by nurturing entrepreneurial skills and fostering a spirit of innovation and self-sufficiency.

    Impact

    This information is meant to be a general summary of Launch Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Launch Inc's impact can be seen in the transformation of individuals and communities through entrepreneurship in Chattanooga, TN. By providing ongoing training and support to hundreds of underrepresented entrepreneurs, empowering students in local high schools with hands-on entrepreneurship experiences, and sharing their successful model with groups in other U.S. cities, Launch Inc is making a significant difference in fostering innovation, empowerment, and economic development. Their work not only helps individuals realize their entrepreneurial potential but also contributes to overall community improvement, creating a ripple effect of positive change.





    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: $896
  • Program Service Revenue: $110,984
  • Gross Receipts: $1,180,931

    • Assets and Liabilities:
  • Total Assets: $1,317,452
  • Total Liabilities: $607,352
  • Net Assets: $710,100
  • Programs

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

    PROGRAM SERVICE REVENUE

    Revenue

    $110,984

    Organization Details

    Founding Year

    2011

    Principal Officer

    Hal Bowling

    Main Address

    PO BOX 903, CHATTANOOGA, TN, 37401

    NTEE Category

    Code: S43 - Community improvement

    If you are a representative of Launch Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.