LAAUNCH Foundation

Nonprofit profile at a glance

EIN
861979984
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Portola Valley, CA, USA
Phone
6503624076
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Intergroup, Race Relations

Official website

Reported finances

Revenue
$61,612
Expenses
$23,071
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • WAH CHEN (CEO/DIRECTOR)

People named in this filing

  • EDWARD KING (CFO/DIRECTOR)
  • DAVID TING (SECRETARY/DIR)
  • RICHARD TING (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Laaunch foundation is a non-profit organization working to end racism and increase representation for asian-americans by developing innovative programs that support, advocate, and elevate the asian-american community.

What it reported doing in 2024

Laaunch foundation worked together with the asian american foundation (taaf), third state books, and the asian american education project to release a graphic novel titled fighting to belong! A history of asian americans and pacific islanders, vol. 1. The goal is to education the readers about the important and dynamic part of asian americans, native hawaiians, and pacific islanders in american history.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 100
  • Sustainability: 51
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.8%; rating input score 3
  • Program expense ratio: 7.4%; rating input score 7

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 62.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -147.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 17.2% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: -72.4% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 2.8% of revenue deployed · 7.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $2K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 3/100.
  • High — Financial Efficiency: Program expense ratio scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.