2023-05-15T15:38:06-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2021-07-01 204040597 ROCKETSHIP EDUCATION ROCK 8778060920 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 MATTHEW SHAW CFO 8778060920 2023-05-11 1 MATTHEW SHAW 999009999 DERRICK DEBRUYNE P00591016 6268577300 2023-04-28 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PRESTON SMITH 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 138926108 0 X HTTPS://WWW.ROCKETSHIPSCHOOLS.ORG X 2006 CA ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS. 15 15 1294 345 0 0 115407632 132656808 0 0 162180 172161 5097419 6097139 120667231 138926108 0 0 0 0 70080001 81532687 0 0 507147 38254420 55412502 108334421 136945189 12332810 1980919 74871482 74996773 23893017 22037389 50978465 52959384 X ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS. FOUNDED IN 2006, ROCKETSHIP EDUCATION IS A 501 (C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. THE CORE OF ROCKETSHIP'S INSTRUCTIONAL MODEL IS A TEACHER-LED, TECHNOLOGY SUPPORTED APPROACH TO PERSONALIZED LEARNING THAT MATCHES EACH STUDENT WITH THE RIGHT CONTENT AT THE RIGHT TIME UTILIZING THE RIGHT METHOD OF INSTRUCTION. BY DEEPLY ENGAGING PARENTS IN THEIR STUDENT'S LEARNING AND THE SCHOOL COMMUNITY, ROCKETSHIP DEVELOPS PARENTS WHO BECOME LIFELONG ADVOCATES FOR THEIR CHILDREN AND THEIR COMMUNITY. WORKING ALONGSIDE PARENTS, COMMUNITY ORGANIZATIONS, DISTRICTS, AND OTHER CHARTER SCHOOLS, ROCKETSHIP IS CATALIZING A MOVEMENT TO ELIMINATE THE ACHIEVEMENT GAP IN OUR LIFETIME. 0 0 115166585 6097139 ROCKETSHIP EDUCATION MANAGES, OPERATES, AND PROMOTES A NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING APPROXIMATELY 10,000 STUDENTS IN HIGH NEED COMMUNITIES. ROCKETSHIP EDUCATION DIRECTLY OPERATES SCHOOLS IN CALIFORNIA AND TENNESSEE WITH APPROXIMATELY 7,600 STUDENTS. 115166585 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 165 0 1294 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X MATTHEW SHAW 8778060920 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 PRESTON SMITH CEO 40.00 5.00 X 293518 0 15207 YUNGLYNN LIAO CHIEF TALENT OFFICER 40.00 X 250282 0 21753 MARICELA GUERRERO EXECUTIVE DIRECTOR 40.00 X 225274 0 9500 CHRISTOPHER MURPHY CHIEF COMMUNICATIONS OFFICER 40.00 X 214548 0 14692 CAROLYN LYNCH VP OPERATIONS 40.00 X 211222 0 16113 KEYSHA BAILEY CFO (TERM END 07/21) 40.00 5.00 X 204406 0 7853 JOSH DRAKE VP NETWORK ADVANCEMENT 40.00 X 202932 0 8412 MATTHEW SHAW CFO (TERM START 04/22) 40.00 5.00 X 60403 0 0 LOUIS JORDAN BOARD CHAIR 2.00 X X 0 0 0 ALEX TERMAN TREASURER 2.00 X X 0 0 0 GREG STANGER SECRETARY 2.00 X X 0 0 0 DEBORAH MCGRIFF MEMBER 2.00 X 0 0 0 RAYMOND RAVEN MEMBER 2.00 X 0 0 0 RALPH WEBER MEMBER 2.00 2.00 X 0 0 0 JOLENE SLOTER MEMBER 2.00 2.00 X 0 0 0 MICHAEL FOX MEMBER 2.00 X 0 0 0 HUGO CASTANEDA MEMBER 2.00 X 0 0 0 JUNE NWABARA MEMBER 2.00 X 0 0 0 CHARMAINE DETWEILER MEMBER 2.00 X 0 0 0 JULIE MILLER MEMBER 2.00 X 0 0 0 DANIEL VELASCO MEMBER 2.00 X 0 0 0 MALKA BORREGO MEMBER 2.00 X 0 0 0 YOLANDA BERNAL SAMANO MEMBER 2.00 X 0 0 0 1662585 0 93530 95 0 1 0 RLCL ACQUISITION LLC 3009 DICKERSON PIKE NASHVILLE TN 37207 STUDENT TRANSPORT 784241 MIGUEL'S LANDSCAPING AND MAINTENANCE 300 SANDS DR H205 SAN JOSE CA 95125 LANDSCAPING 502458 DIGICORP INFORMATION SYSTEMS LLC 1411 ZINNIA RD MISSOURI CITY TX 77489 SOFTWARE WEB APP DEVELOPMENT SERVICES 292762 THE STEPPING STONES GROUP LLC 2586 TRAILRIDGE DR E 100 LAFAYETTE CO 80026 SPED CONSULTANTS 173728 ATTUNED EDUCATION PARTNERS 716 VALLEY RD MONTCLAIR NJ 07043 EDUCATIONAL CONSULTANTS 159425 13 126387856 6268952 132656808 172161 172161 MANAGEMENT FEE 611110 5993196 5993196 MISCELLANEOUS REVENUE 611110 67905 67905 UNIFORM SALES 611110 34438 34438 1600 1600 6097139 138926108 6097139 0 172161 X 431766 431766 64553900 55711899 8486482 355519 6255366 6076855 178511 7252763 6736200 470614 45949 3038892 2328137 710755 492206 492206 733726 733726 14089834 11181896 2842016 65922 209336 209336 2657996 2138603 506652 12741 4842808 3876489 965082 1237 14795327 14027620 760079 7628 2430410 1277249 1141850 11311 24616 3717 20899 162330 162330 273988 228055 45933 603956 167417 436539 STUDENT FOOD SERVICES 4463170 3869285 593885 INSTRUCTION MATERIALS 3227689 3227689 -1998 1998 OVERSIGHT FEES 1181146 1181146 PRINTING AND POSTAGE 352511 234122 118389 4871453 4081352 785259 4842 136945189 115166585 21271457 507147 22010245 13665490 10617224 21310014 24944005 18921957 7094138 9733322 5338341 6134827 7460457 2682591 4417820 4777866 449709 453297 74871482 74996773 10109854 10164608 2930710 5669362 6567842 1450296 4284611 4753123 23893017 22037389 X 50978465 52609384 350000 50978465 52959384 74871482 74996773 1980919 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 362154 0 0 362154 0 PART II-B, LINE 1: DIRECT CONTACT WITH LEGISLATORS 6028703 1788163 4240540 953909 881155 72754 477845 13273 464572 4777866 DEFERRED RENT LIABILITY 4535105 ACCRUED INTEREST 218018 4753123 X PART X, LINE 2: ROCKETSHIP EDUCATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. ROCKETSHIP EDUCATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. ROCKETSHIP EDUCATION FILES AN EXEMPT RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE INCLUDE THIS INFORMATION IN THE LOTTERY MATERIALS & THE NSLP BID MATERIALS THAT WE PROCESS ANNUALLY. SCHEDULE E, PART I, LINE 4 ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 AS A PUBLIC CHARTER SCHOOL, ROCKETSHIP RECEIVES A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, ROCKETSHIP IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS ADDRESSING OUR STUDENT POPULATION. X X X 0 0 0 0 0 0 0 0 0 PRESTON SMITH CEO 293518 0 0 0 0 0 2500 0 12707 0 308725 0 0 0 YUNGLYNN LIAO CHIEF TALENT OFFICER 250282 0 0 0 0 0 2500 0 19253 0 272035 0 0 0 MARICELA GUERRERO EXECUTIVE DIRECTOR 225274 0 0 0 0 0 2500 0 7000 0 234774 0 0 0 CHRISTOPHER MURPHY CHIEF COMMUNICATIONS OFFICER 214548 0 0 0 0 0 2500 0 12192 0 229240 0 0 0 CAROLYN LYNCH VP OPERATIONS 211222 0 0 0 0 0 2500 0 13613 0 227335 0 0 0 KEYSHA BAILEY CFO (TERM END 07/21) 204406 0 0 0 0 0 2500 0 5353 0 212259 0 0 0 JOSH DRAKE VP NETWORK ADVANCEMENT 202932 0 0 0 0 0 2500 0 5912 0 211344 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE CEO'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE CEO'S COMPENSATION AS A DIRECT ACTION. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 779,147. MANAGEMENT AND GENERAL EXPENSES 198,029. FUNDRAISING EXPENSES 65,922. TOTAL EXPENSES 1,043,098. CONSULTING EXPENSES: PROGRAM SERVICE EXPENSES 7,773,061. MANAGEMENT AND GENERAL EXPENSES 1,975,619. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,748,680. CUSTODIAL SERVICES: PROGRAM SERVICE EXPENSES 1,429,558. MANAGEMENT AND GENERAL EXPENSES 363,340. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,792,898. CONTRACTED SUBSTITUTES: PROGRAM SERVICE EXPENSES 1,200,130. MANAGEMENT AND GENERAL EXPENSES 305,028. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,505,158. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LAUNCHPAD DEVELOPMENT COMPANY 350 TWIN DOLPHIN 109 REDWOOD CITY CA 94065 271813337 SUPPORTING CA 501C3 LINE 12A, I ROCKETSHIP EDUCATION 1 ROCKETSHIP EDUCATION WISCONSIN 350 TWIN DOLPHIN 109 REDWOOD CITY CA 94065 900951861 CHARTER SCHOOL WI 501C3 LINE 2 ROCKETSHIP EDUCATION 1 ROCKETSHIP EDUCATION DC PUBLIC 350 TWIN DOLPHIN 109 REDWOOD CITY CA 94065 473468345 CHARTER SCHOOL DC 501C3 LINE 2 ROCKETSHIP EDUCATION 1 0 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 LAUNCHPAD DEVELOPMENT COMPANY K 18975187 FMV LEASE ROCKETSHIP EDUCATION- WISCONSIN L 1294085 COST OF MANAGEMENT FEE ROCKETSHIP EDUCATION- DC L 4699107 COST OF MANAGEMENT FEE ROCKETSHIP EDUCATION- WISCONSIN D 1500000 LINE OF CREDIT