Nonprofits›Launch New York Inc

Community Improvement & Capacity Building

Launch New York Inc

BUFFALO, NY

Website

Total revenue

$3.7M

Total expenses

$2.7M

Net assets

$11.0M

Grants received

$6.0M

10 grants

EIN

453980649

Tax year

2024

Mission

To stimulate economic growth in economically underperforming areas in upstate new york.

Financials

FY 2024

Revenue

Contributions & grants$2.5M
Program service revenue$725K
Investment income$422K
Other revenue$9K
Total revenue$3.7M

Expenses

Grants paid—
Salaries & benefits$923K
Fundraising$165K
Other expenses$1.8M
Total expenses$2.7M
Total assets$12.3M
Net assets$11.0M

People

10 listed

NameRoleCompensation

MARION LAVIGNE

CEO/PRESIDENT/SECRETARY

Board

$250K

40 hrs/wk

SCOTT TERHAAR

COO/TREASURER

Board

$75K

20 hrs/wk

ZACHARY SCHULMAN

BOARD MEMBER

Board

—

1 hrs/wk

MEL PASSARELLI

BOARD MEMBER/VICE CHAIRPERSON

Board

—

1 hrs/wk

MELODIE BAKER

BOARD MEMBER

Board

—

1 hrs/wk

GEORGE CHAMOUN

BOARD MEMBER/CHAIRPERSON

Board

—

1 hrs/wk

QUINCY ALLEN

BOARD MEMBER

Board

—

1 hrs/wk

MICHAEL DEFREITAS

ASSISTANT SECRETARY

Board

—

1 hrs/wk

THOMAS LYNCH

BOARD MEMBER

Board

—

1 hrs/wk

MAGGIE DORN

BOARD MEMBER

Board

—

1 hrs/wk

Independent contractors

THOMPSON HINE LLP

LEGAL SERVICES

$103K

Grants received

Showing 10 of 10

FromAmountPurposeYear
THE RALPH C WILSON JR FOUNDATION
$1M
Ensuring a Mature, Sustainable Venture Development Organization
2024
THE RALPH C WILSON JR FOUNDATION
$1.5M
TO PROVIDE CONTINUED OPERATIONAL SUPPORT FOR ADVISORY SERVICES TO ENTREPRENEURS IN WNY.
2023
THE RALPH C WILSON JR FOUNDATION
$1.5M
TO SUPPORT THE NONPROFIT SEED FUND AND PROVIDE CONTINUED OPERATIONAL SUPPORT.
2022
JPMORGAN CHASE FOUNDATION
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
JPMORGAN CHASE FOUNDATION
$115K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
THE WESTERN NEW YORK FOUNDATION
$5K
LISC AWARD RECIPIENT SPONSORSHIP: THE 2020 BUILDING INCLUSIVE ECONOMIES AWARD
2021
THE RALPH C WILSON JR FOUNDATION
$1.5M
SEE PART XV, SUPPLEMENTARY INFORMATIONRECIPIENT 72TO SUPPORT THE LAUNCH NY NON-PROFIT SEED INVESTMENT FUND AND TO CONTINUE TO PROVIDE BUSINESS ADVISORY SERVICES TO ENTREPRENEURS IN WNY.
2020
THE JOHN R OISHEI FOUNDATION
$50K
A WNY CLEANTECH INCUBATOR
2020
JPMORGAN CHASE FOUNDATION
$185K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
THE BARBERIO FAMILY FOUNDATION TR
$1K
CHARITABLE
2018

Funded by

$6.0M from 5 funders · 10 grants · 2018–2024

The Ralph C Wilson Jr Foundation

$5.5M · 4 grants · 2020–2024

Jpmorgan Chase Foundation

$400K · 3 grants · 2019–2022

The John R Oishei Foundation

$50K · 1 grant · 2020

The Western New York Foundation

$5K · 1 grant · 2021

The Barberio Family Foundation Tr

$1K · 1 grant · 2018

Details

EIN453980649
NTEE codeS43
Subsection03
Ruling date2013-02
Formed2011
Employees13
Volunteers7
LAUNCH NEW YORK INC — Mission, Financials & Grants Received | Grantivo