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EIN 45-3980649

Launch New York

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Buffalo
State
New York
Year formed
2011
Most recent tax filings
2022-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Launch New York is a non-profit organization that stimulates economic growth in economically underperforming areas in upstate New York. The organization's objective is to support underperforming entrepreneurships in upstate NY, by providing programs & services to entrepreneurs that assist business development and growth of start-up companies, with a particular goal of helping high potential businesses succeed.
Total revenues
$4,319,958
2022
Total expenses
$2,373,617
2022
Total assets
$9,625,094
2022
Num. employees
10
2022

Program areas at Launch New York

The regional entrepreneurship action plan implementation program: provide high-growth, high-impact companies the guidance they need to become investable and successful. Launch ny connects entrepreneurs to resources and funding both within the upstate ny ecosystem and beyond. Since the beginning of 2012, Launch ny has served 1,489 companies and in 2022, Launch ny served 360 clients. By the end of fiscal year 2022, Launch ny completed 25 transactions for a total of $1,325,000.

Who funds Launch New York

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$100,000
AmazonSmile FoundationGeneral Support$66

Personnel at Launch New York

NameTitleCompensation
Marion LavignePresident and Chief Executive Officer$250,000
Scott TerhaarChief Operating Officer and Treasurer$69,200
Michael DefreitasAssistant Secretary$0
George ChamounDirector and Chairperson / Chair and Treasurer / Director$0
Mel PassarelliDirector$0
...and 4 more key personnel

Financials for Launch New York

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,836,021
Program services$266,073
Investment income and dividends$197,864
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$20,000
Total revenues$4,319,958

Form 990s for Launch New York

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-07990View PDF
2021-122022-09-12990View PDF
2020-122021-10-28990View PDF
2019-122021-02-17990View PDF
2018-122019-10-30990View PDF
...and 6 more Form 990s
Data update history
August 25, 2024
Posted financials
Added Form 990 for fiscal year 2021
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
November 26, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from JP Morgan Chase Foundation
June 27, 2023
Received grants
Identified 2 new grant, including a grant for $50,000 from John R Oishei Foundation
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
77 Goodell St 201
Buffalo, NY 14203
Metro area
Buffalo-Cheektowaga, NY
County
Erie County, NY
Website URL
launchny.org/ 
Phone
(716) 200-0961
IRS details
EIN
45-3980649
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Suspended
FTB status revoked
Not revoked
AG Registration Number
CT0253803
FTB Entity ID
4056446
AB 488 data last updated ("as-of") date
2024-10-16
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