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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Virginia.
- Base
- $197k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $159k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Median to 75th percentile | $197k | — | — | — | $197k $216k |
Vice President Board Vice President 25th percentile to medianvs Community Improvement & Capacity Building peers nationwide | $159k | — | — | — | $159k $174k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) equaled 21% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 5%
from 2022
From $188k in 2022 to $197k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 5% from 2022 to 2023, while revenue fell 1%.
- Board Vice President pay rose 5% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)
What does the Chief Executive Officer of SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) earn?
In 2023, the Chief Executive Officer of SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) received $197,467 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Virginia, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Virginia, the 2023 pay of the Chief Executive Officer at SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) falls between the median and the 75th percentile. In 2023, the highest total compensation at SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) equaled 21% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE)'s revenue and expenses?
In 2023, SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC (DBA THE LAUNCH PLACE) reported $2.5M in total revenue and $934k in total expenses on its IRS Form 990.
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