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LaunchX Clubs, Inc.

 99 Bishop Allen Drive, Suite 100
 Cambridge, MA 02139
[P] (617) 905-3823
[F] --
https://launchxclubs.org
[email protected]
Pamela  Civins
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INCORPORATED: 2018
 Printable Profile (Summary / Full)
EIN 83-1559011

LAST UPDATED: 04/30/2019
Organization DBA LaunchX Clubs
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

LaunchX Clubs empowers young people to build the future.

We believe that high school students are capable of making a real and meaningful impact, now. We won't stop until students everywhere have the tools they need to take initiative in building the lives and world they envision.

Mission Statement

LaunchX Clubs empowers young people to build the future.

We believe that high school students are capable of making a real and meaningful impact, now. We won't stop until students everywhere have the tools they need to take initiative in building the lives and world they envision.

FinancialsMORE »

Fiscal Year July 01, 2018 to June 30, 2019
Projected Income $584,495.00
Projected Expense $563,090.00

ProgramsMORE »

  • LaunchX Clubs Program

Revenue vs. Expense ($000s)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

LaunchX Clubs empowers young people to build the future.

We believe that high school students are capable of making a real and meaningful impact, now. We won't stop until students everywhere have the tools they need to take initiative in building the lives and world they envision.

Background Statement

LaunchX Clubs came out of the success of LaunchX (launchx.com), which was founded in 2012. Founder, Laurie Stach, has always been driven to provide young people with the tools she wished she had as a young girl. She was always a student with great potential, but she also felt unprepared, even as she began her career, after college. She wanted to be sure high school students had the opportunity to create real change and impact -- not in the future, but in the present.

In 2013, she piloted LaunchX, an intensive four week summer enrichment course, at her alma mater, the Massachusetts Institute of Technology (MIT). Since then, even with expanding LaunchX to two more universities, the demand is high. Ms. Stach began to think about how even more high school students could begin the LaunchX journey. The answer came in 2014, when she and her team decided to pilot an after school clubs program, LaunchX Clubs.

LaunchX Clubs expands the reach of high school entrepreneurship to students and schools everywhere, and provides motivated and forward thinking teens a way to go beyond what they learn day-to-day in their classrooms.

Using a LMS platform, LaunchX Clubs takes the summer program curriculum and puts it into an online format where students can lead each other through the process of building a startup. Over the academic year, club leadership is supported and trained by LaunchX Clubs staff so that they are able to facilitate learning among their peers. Students recruit a faculty advisor, for some extra in-school support, and LaunchX Clubs recruits, trains and supports mentors who provide guidance and feedback to teams of students as they create and build their companies.

LaunchX Clubs provides training in the skills and innovative thinking that allow founders to create successful businesses, challenging students to take startups from idea to execution, creating real impact.


Impact Statement

LaunchX Clubs has a focus on problem-solving. Unlike other players in the space, LaunchX Clubs teaches entrepreneurship starting with opportunity identification —identifying real, unmet needs in order to make real impact. Over the academic year, students develop the skills and mindset to start real companies.

The curriculum emphasizes the strategies entrepreneurs use to solve problems in new and creative ways, helping students become proactive change-agents in their lives and careers. LaunchX Clubs focuses on progress, taking project-based learning to the next level. This isn’t a project with start and end dates. Students are taught to build viable companies and given the tools, resources, and encouragement to continue to grow their companies beyond the length of the program.

On an individual level, entrepreneurship creates better problem-solvers and greater employability. Our curriculum directly targets the following: 

- Decision-making:    Problem-solving, risk analysis, and adaptability

- Awareness:              Self-awareness, growth mindset, and self-direction

- Relational skills:      Social awareness, communication, and collaboration

- Engagement:           Initiative, drive, accountability, resilience, and grit

At the end of the year, regional and global events bring students together to pitch their business ideas, and receive feedback to take their startup to the next level. Everyone wins, with a focus on celebrating student ideas, progress, and perseverance. We are building a community of young entrepreneurs.

In 2018-2019, 255 schools began LaunchX Clubs, introducing over 4,000 students to entrepreneurship. Of these, 648 teams of 3-6 students co-founded companies. In March 2019, LaunchX Clubs hosted eight Regional Demo Days where 151 teams pitched their companies to a panel of seasoned entrepreneurs. In May 2019, a Global Demo Day, featuring the finalists from the regional demo days, and online platform pitch submissions, will take place at MIT in Cambridge, MA.


Needs Statement

LaunchX Clubs wants to grow our community of young entrepreneurs. Last year we had over 4,000 students in our program. In the next five years we plan to scale and reach 20,000 high school students annually.

We received our 501(c)(3) designation in February 2019. We are seeking financial support for the following:

  1. Invest in an online Learning Management System (LMS) that has the capacity to help us build our community incrementally over the next five years, from 4,000 to 20,000 high school students. ($50,000 annually)
  2. Design our curriculum for the Continuing Teams program, including learning materials for more advanced entrepreneurial topics to support their stage of startup development, plus some supplies needed to support further development of their offerings. (Full budget is ~$150,000 annually)
  3. Create professional development training to help student leaders recruit, engage, and support their LaunchX Clubs membership. ($10,000)
  4. Develop and implement the recruitment, training, support and engagement of at least 300 - 400 mentors for student teams. Mentors commit 1-2 hours monthly for 6 months, working with teams of co-founders as they go through the startup process (from ideation to market research to prototype to launch). ($15,000)

CEO Statement

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Board Chair Statement

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Geographic Area Served

STATEWIDE
NATIONAL
INTERNATIONAL
As a student driven, online entrepreneurship education organization, LaunchX Clubs has a global presence. Students come from all education settings, including public, charter public, private, and online high schools. Based in Cambridge, MA, LaunchX Clubs is poised to expand its work in the Commonwealth, which is a priority.

Organization Categories

  1. Education - Educational Services
  2. Youth Development - Youth Development-Business
  3. Public & Societal Benefit - Leadership Development

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

LaunchX Clubs Program

LaunchX Clubs helps students leverage their talents and tenacity to build viable startups. We provide training in the skills and innovative thinking that allow founders to launch successful businesses, challenging students to take startups from idea to execution, creating real impact. Our program is student driven, and provides motivated, forward thinking teens a way to go beyond what they learn day-to-day in their classrooms.
 
Using an online platform to deliver lessons, LaunchX Clubs student leaders facilitate members' learning about entrepreneurship and building a startup. Over the academic year, student leadership is supported and trained by LaunchX Clubs staff and regional directors. Regional directors are LaunchX Clubs leaders and members who volunteer to support clubs in their region. This year, we had 18 teens in this role.
 
At each school, club leaders recruit a faculty advisor for some extra in-school support. Volunteer mentors, recruited, trained and supported by LaunchX Clubs staff, provide guidance and feedback as teams of students create and build their companies. At the end of the year, regional and global events bring students together to pitch their business ideas and receive feedback to take their startup to the next level. Everyone wins, with a focus on celebrating student ideas, progress, and perseverance. We are building a community of young entrepreneurs.
Budget  $563,090.00
Category  Youth Development, General/Other Youth Business
Population Served Adolescents Only (13-19 years)
Program Short-Term Success 
LaunchX Clubs has developed the DARE framework, a combination of 21st century skills and socio-emotional learning outcomes. We are measuring the growth students show over the academic year (October - April) in the following areas:
 
  • Decision making: problem-solving, risk analysis, and adaptability
  • Awareness: self-awareness, growth mindset, and self-direction
  • Relational Skills: social awareness, communication, and collaboration
  • Engagement: taking initiative, drive, accountability, resilience, and grit.
Another outcome for LaunchX Clubs participants includes becoming co-founders of startup companies.
 
At the end of the year, students pitch their companies in one of two ways: they submit a video of their pitch on our platform or attend a Regional Demo Day in person. This public speaking opportunity (online and in person) with teammates is an opportunity to discover their own presentation style, and build their self-confidence.
 
Program Long-Term Success 
Ideally, the long-term success of high school students participating in LaunchX Clubs includes:
  • being prepared for a rapidly changing job market, one that will require greater critical thinking, initiative taking, and problem solving skills involving managing people and technology.
  • understanding the entrepreneurial process of identifying a problem, and coming up with a solution. We want teens to develop an entrepreneurial mindset, and use it in their everyday lives, ultimately making the communities they are part of stronger for everyone.
  • becoming founders and co-founders of companies that will have a positive impact on their communities and the world.
 
Program Success Monitored By 
As a nascent organization, LaunchX Clubs continues to determine the best ways to monitor and measure program and student success.
 
Once LaunchX Clubs are formed at a high school, we send members a pre-program survey. All of these students receive a post-program survey at the end of the program year. This survey assists in measuring the growth participants have using the qualities identified in the DARE framework: decision-making, awareness, relational skills, and engagement.
 
We collect anecdotes throughout the year, and ask students to write short blog posts that we can share with our full LaunchX Clubs membership, and on our website.
 
Initially, LaunchX Clubs collects the:
  • number of schools and the geographical regions they reside
  • number of student leaders (president, vice president of education, vice president of marketing and communications, vice president of operations))
  • number of members at each location
At the end of the year, we track the number of companies that were co-founded by students, and how many of these students completed a set of five milestones. We determine how many teams of co-founders will continue being a part of LaunchX Clubs and our Continuing Teams Program.
 
In the coming year, we will begin using a more robust learning management system (LMS). With this LMS, we will check for online activity on a weekly basis to understand the percentage of time of LaunchX Clubs student leadership and members spend on the platform. One of our goals is to provide opportunities of LaunchX Clubs members to connect with their fellow members via our platform in the upcoming academic year. This summer we will determine the metrics we want to track and analyze on the LMS, and begin doing so in October 2019.
 
Examples of Program Success  Each academic year, LaunchX Clubs culminates in a series of regional events - Demo Days - providing an opportunity for teams of co-founders to pitch their companies. In only our second year of running these events (eight in total), we had 151 teams participate in these one-day events. LaunchX Clubs regional demo days were held in Boston, New York City, Brussels (Belgium), Atlanta, Bangkok (Thailand), Los Angeles, San Francisco, and San Juan (Puerto Rico).

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms Laurie Stach
CEO Term Start Aug 2018
CEO Email [email protected]
CEO Experience Laurie Stach is the founder of LaunchX and LaunchX Clubs. She is president of the LaunchX Clubs Board of Directors. Ms. Stach founded her companies to fill a gap in the education system while also giving high school students the opportunity to explore their ambitions and creativity through creating something real. 


Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
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Senior Staff

Name Title Experience/Biography
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Awards

Award Awarding Organization Year
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Affiliations

Affiliation Year
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Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
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Collaborations

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CEO/Executive Director/Board Comments

LaunchX Clubs is waiting approval for its Certificate of Solicitation from the Commonwealth of Massachusetts Attorney General's office. LaunchX Clubs has a fiduciary sponsor, Bamboo Ladder Corp, a registered 501(c)(3) (FEIN: 83-1916408).

Foundation Comments

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Staff Information

Number of Full Time Staff 2
Number of Part Time Staff 1
Number of Volunteers 304
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 3
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? No
Years Strategic Plan Considers --
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Under Development
Nondiscrimination Policy No
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit No
State Registration Yes

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency N/A N/A
Senior Management Formal Evaluation and Frequency Yes Semi-Annually
Non Management Formal Evaluation and Frequency Yes Semi-Annually

Governance


Board Chair Ms Laurie Stach
Board Chair Company Affiliation LaunchX LLC
Board Chair Term Nov 2018 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Alessandra Brown Athena Global Advisors Voting
Kelly Hardebeck Salesforce.org Voting
Ben Jen Ben Jen Holdings SLLC Voting
Laurie Stach LaunchX LLC Voting

Constituent Board Members

Name Company Affiliations Status
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Youth Board Members

Name Company Affiliations Status
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Advisory Board Members

Name Company Affiliations Status
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Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 1
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 1
Other (if specified): Black Hispanic
Gender Female: 3
Male: 1
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria No
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 50%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

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CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Fiscal Year July 01, 2018 to June 30, 2019
Projected Income $584,495.00
Projected Expense $563,090.00
Form 990s --
Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

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Investment Income, Net of Losses -- -- --
Membership Dues -- -- --
Special Events -- -- --
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Prior Three Years Expense Allocations

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Prior Three Years Assets and Liabilities

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Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line No
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

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Long Term Solvency

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CEO/Executive Director/Board Comments

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Foundation Comments

Please note, this organization received its nonprofit status from the IRS in February 2019. As such, data will be posted as it becomes available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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