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Nonprofit · EIN 26-3190220

LAUNCHYOURCITY INC

Also known as STARTCO, LAUNCHMEMPHIS

Tax-exempt · COLLIERVILLE, TN 38017

Financials

$488K$705K2023$881K$746K2024
Revenue Expenses · by fiscal year end
Financials of LAUNCHYOURCITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$881,149$746,121$135,028$110,204$393,840-$283,636
December 31, 2023990$487,810$705,387-$217,577$44,494$463,158-$418,664
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$568,303
of which government grants
$347,808
Program service revenue
$311,936
Investment income
$910
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$125,922
Other salaries and wages
$300,836
Salaries, compensation and benefits (total)
$482,984
Professional fundraising fees
$0
Accounting fees
$14,432
Occupancy
$4,323
Travel
$28,606
Program services (functional)
$394,697
Management and general (functional)
$198,254
Fundraising (functional)
$153,170

Balance sheet and other

Total assets, start of year
$44,494
Total assets, end of year
$110,204
Total liabilities, end of year
$393,840
Net assets, end of year
-$283,636
Net assets without donor restrictions
-$283,636
Gross receipts
$881,149
Employees
6
Volunteers
0
Year formed
2008
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERIC MATHEWSCEO, PRESIDENT, FOUNDER
Trustee or director, Officer
40$125,922
BRAD SILVERBOARD MEMBER, TREASURER
Trustee or director, Officer
0$0
GWIN SCOTTBOARD MEMBER
Trustee or director
0$0
TOM BAKERBOARD MEMBER
Trustee or director
0$0
THOMAS HUSSEYBOARD MEMBER
Trustee or director
0$0
CHARLES BEECHBOARD MEMBER
Trustee or director
0$0
PHIL BLUMBOARD MEMBER
Trustee or director
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ERIC MATHEWSCEO, PRESIDENT, FOUNDER
Trustee or director, Officer
40$100,528
BRAD SILVERBOARD MEMBER, TREASURER
Trustee or director, Officer
0$0
GWIN SCOTTBOARD MEMBER
Trustee or director
0$0
TOM BAKERBOARD MEMBER
Trustee or director
0$0
THOMAS HUSSEYBOARD MEMBER
Trustee or director
0$0
CHARLES BEECHBOARD MEMBER
Trustee or director
0$0
PHIL BLUMBOARD MEMBER
Trustee or director
0$0

Address and contacts

Address (IRS master file)
140 S MAIN ST STE 3, COLLIERVILLE, TN 38017-3042
In care of
% CHRIS ALLEN
Mailing address (990-N for 2011)
516 TENNESSEE ST NO 133, MEMPHIS TN 38103
Principal officer (990 for 2024)
ERIC MATHEWS, 140 S MAIN STREET SUITE 3, COLLIERVILLE, TN 38017
Principal officer (990-N for 2011)
ERIC MATTHEWS, 516 TENNESSEE STREET SUITE 133, MEMPHIS TN 38103
Signed the 990
ERIC MATHEWS, PRESIDENT
Phone
(901) 213-7795
Return prepared by
THE MARSTON GROUP PLC

Mission

LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL ENTREPRENEURS TO TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS. ADDITIONALLY, LAUNCHYOURCITY SUPPLIES A CO-WORKING ENVIRONMENT TO LOWER THE ECONOMIC BARRIER OF ENTRY TO INCUBATION ALONG WITH AD HOC MENTORING. FOR STARTUPS AND BUSINESSES, LAUNCHYOURCITY PROVIDES MEMPHIS' ONLY DYNAMIC INNOVATION ECONOMY PROGRAMMING TO KEEP UP-TO-SPEED ON THE LATEST TRENDS.

990 for the year ended December 31, 2024

Program accomplishments

  • ENTREPRENEURSHIP SUPPORT: SUPPORTING EARLY-STAGE START-UPS IN ALL AREAS OF BUSINESS DEVELOPMENT. ENTREPRENEURS ARE SCHOOLED IN DEVELOPING A BUSINESS MODEL THAT WILL ACHIEVE SUSTAINABILITY. THEY RECEIVE MENTORING, FINANCIAL COUNSELING AND OPPORTUNITIES TO COMPETE IN THE MARKETPLACE FOR INVESTOR FUNDING.
    Expenses $288,833 · revenue $238,075
  • ECONOMIC DEVELOPMENT: LEVERAGING THE ECONOMIC ASSETS OF THE MEMPHIS REGION TO BUILD INNOVATIVE SOLUTIONS AND PROGRAMS TO CREATE MEANINGFUL JOBS, ECONOMIC OPPORTUNITY, AND MORE ADVANCED COMMUNITIES. WE WORK WITH CITY, STATE, AND FEDERAL GOVERNMENTS AS WELL AS CIVIC PARTNERS AND SUPPLY PROCESSES AND SUPPORT TO BUILD CIVIC INNOVATIONS AND SOLUTIONS THAT DRIVE ECONOMIC GROWTH FOR ALL CITIZENS.
    Expenses $105,864 · revenue $73,861

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-3190220
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$110,204
Income (IRS master file)
$881,149

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$881,149$746,121$110,204XML
990December 2023$487,810$705,387$44,494XML
990December 2022$1,018,814$822,467$200,684IRS
990December 2021–––IRS
990December 2020–––IRS
990January 2018–––IRS
990-N for 2011
Officer: ERIC MATTHEWS
January 31, 2012≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3190220).

Questions about LAUNCHYOURCITY INC

What is the EIN of LAUNCHYOURCITY INC?
The employer identification number (EIN) of LAUNCHYOURCITY INC is 26-3190220.
Is LAUNCHYOURCITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to LAUNCHYOURCITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAUNCHYOURCITY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAUNCHYOURCITY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAUNCHYOURCITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LAUNCHYOURCITY INC?
The 990 for the year ended December 31, 2024 names ERIC MATHEWS.
Who are the officers and directors of LAUNCHYOURCITY INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $125,922 (ERIC MATHEWS, CEO, PRESIDENT, FOUNDER).
How much revenue does LAUNCHYOURCITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $881,149, expenses of $746,121 and total assets of $110,204 at year end.

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