LaunchIndycom Corp

Nonprofit profile at a glance

EIN
830558166
IRS 990-EZ coverage
2020–2021
Forms available
Form 990-EZ 2021
Location
Lafayette, IN, USA
Phone
7654269683
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$30,419
Expenses
$26,939
Assets
$15,459

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • John Teibel (President)

People named in this filing

  • John Teibel (President)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support start-up technology businesses through a member based, shared cooperative space program. Additionally, to provide public discussion groups, forums, panels, lectures and workshops related to such start-up tech businesses which will include programming for minorities and students. The programming will include broad instruction for self-development and for the benefit of the community.

What it reported doing in 2021

Providing support to start-up tech businesses through a shared cooperative space program; leading public discussion groups, lectures and workshops related to such start-up businesses.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 82
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.8%; rating input score 81
  • Program expense ratio: 91.2%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 11.4%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 26; 26th 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: -21.9% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 8.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 25.4% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 80.8% of revenue deployed · 91.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $25K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Review — Sustainability: Operating margin scored 56/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.