SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)

EIN: 202917301 501(c)(3) Community Improvement

DANVILLE, VA

Total Revenue
$899,487
Total Expenses
$863,476
Total Assets
$9,771,756
Net Assets
$9,769,586
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
EVA DOSS
Phone
4347995491
Tax Period
2024-07-01 to 2025-06-30

SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE), founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2017. The organization ran a surplus of $1.0M, a strong 49% operating margin.

Mission

THE LAUNCH PLACE (TLP), A VENTURE DEVELOPMENT ORGANIZATION LOCATED IN DANVILLE, VA AND IN THE RESEARCH TRIANGLE PARK, NC. THE LAUNCH PLACE INVESTS IN INNOVATIVE START-UPS IN VIRGINIA AND NORTH CAROLINA WITH A POTENTIAL TO CREATE ECONOMIC IMPACT IN THE DAN RIVER REGION FROM ITS PRE-SEED AND SEED INVESTMENT FUNDS. IN ADDITION TO THE INVESTMENTS, TLP PROVIDES BUSINESS CONSULTING, TRAINING, MENTORING AND OFFICE SPACE TO ENTREPRENEURS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $714,091
Program Service Revenue $3,000
Investment Income $178,299
Other Revenue $4,097
TOTAL REVENUE $899,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $505,759
Fundraising Expenses $0
Program Expenses $658,122
Other Expenses $357,717
TOTAL EXPENSES $863,476

Year-over-Year Comparison

2024 2023 Change
Revenue $899,487 $2,547,629 -0.6%
Expenses $863,476 $933,957 -0.1%
Net Income $36,011 $1,613,672 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$203,391
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN DAVIS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
GARY EVANS BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT CREEDEN DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN HORIN DIRECTOR 1.00
Director
$0 $0 $0
MARTY KASZUBOWSKI DIRECTOR 1.00
Director
$0 $0 $0
EVA DOSS PRESIDENT/CEO 60.00
Officer
$203,391 $0 $203,391
VARUN SADANA VICE PRESIDENT 60.00
Highest
$163,756 $0 $163,756
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $899,487 $863,476 $9,771,756 $36,011
2024 $2,547,629 $933,957 $9,541,057 $1,613,672
2023 $2,569,170 $964,361 $7,928,122 $1,604,809
2022 $1,752,354 $1,053,561 $6,448,984 $698,793
2021 $2,222,109 $930,858 $5,617,882 $1,291,251
2020 $585,746 $922,185 $4,471,056 $-336,439
2019 $1,423,486 $916,594 $4,739,240 $506,892
2018 $2,121,828 $1,081,885 $4,225,048 $1,039,943
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