Launch Pad the Center

Nonprofit profile at a glance

EIN
262909240
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Georgetown, TX, USA
Phone
5128093289
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Family Services

Official website

Reported finances

Revenue
$137,443
Expenses
$80,598
Assets
$81,909
Liabilities
$0

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

Leadership & pay

4 people listed

People named in this filing

  • REBECCA CONTRERAS (CHAIR)
  • CHRISTOPHER LOPEZ (DIRECTOR)
  • CRYSTALINE LOPEZ (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Igniting hope in disadvantage youth and individuals by reaching, equipping and propelling them to discover and fulfill their highest potential, launch pad the center, mobilizes partnerships with businesses and organizations to emphasize the need for community transformation. The five things done for community transformation are: 1. Connect to strenghten and support the individual and family unit; 2. Serve individual's basic needs; 3. Provide the educational, financial, vocational, and spiritual education to become a productive and well reounded individual; 4. Teach and model integrity and good character; and 5. Create self-sufficiency with providing the tools for people to be successful.

What it reported doing in 2024

Youth education & empowerment - provides character education teaching students that core value are stepping stones for personal success. It focuses on mentoring and modeling, by teeaching and demonstrating leadership and other essential life skills. Activities include financial literacy, leadership, promoting mental stamina, challenge, competition, technology, mentoring, and life skills. Character education teaches students that core values are stepping-stones for personalsuccess. Financial literacy is a key for empowerment and financial management. Leadership is a quality that will make them stand- out. Life-skills are essential in everything we do. Living a drug-free lifestyle will allow them to accomplish their goals and personal dreams. Mentoring - modeling is a powerful tool to show these students that despite the challenges they face in their environment, making right choices followed by hard work will lead them to achieve success. Launchpad offers the after-school program twice per week on the middle school campus, serving 36 60 students every week. Total served in 2015 was 480 students.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 71
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.7%; rating input score 58
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 41.4%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -9.7% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 57.7% of revenue deployed · 98.4% of spending went to programs
  • Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $79K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.