2022-05-16T14:40:06-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2020-07-01 204040597 ROCKETSHIP EDUCATION ROCK 8778060920 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 MATTHEW SHAW CFO 8778060920 2022-05-08 1 MATTHEW SHAW 999009999 WADE MCMULLEN CPA P00541671 6268577300 2022-05-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PRESTON SMITH 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 120667231 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 1172 15 0 0 106529623 115407632 0 0 214785 162180 4597691 5097419 111342099 120667231 0 0 0 0 64424596 70080001 0 0 440860 43550341 38254420 107974937 108334421 3367162 12332810 56664135 74871482 17932984 23893017 38731151 50978465 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 91433595 5097419 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 7,960 STUDENTS. 91433595 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 1 0 0 1 133 0 1172 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 0 0 1 0 0 CA X MATTHEW SHAW 8778060920 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 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 JEAN-CLAUDE BRIZARD 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 JULIA STIGLITZ MEMBER 2.00 X 0 0 0 DANIEL VELASCO MEMBER 2.00 X 0 0 0 MAI HUONG HO TRAN MEMBER 2.00 X 0 0 0 YOLANDA BERNAL SAMANO MEMBER 2.00 X 0 0 0 PRESTON SMITH CEO 40.00 5.00 X 276502 0 17162 KEYSHA BAILEY CFO 40.00 5.00 X 310284 0 9124 YUNGLYNN LIAO CHIEF TALENT OFFICER 40.00 X 235735 0 20852 CHEYE CALVO CHIEF GROWTH AND COMMUNITY ENGAGEMENT 40.00 X 225909 0 8541 CAROLYN LYNCH VP OPERATIONS 40.00 X 198977 0 15441 CHRISTOPHER MURPHY VP MARKETING & COMMUNICATIONS 40.00 X 201139 0 11651 LAURA KOZEL VP CAPITAL FINANCE 40.00 X 189334 0 15820 1637880 0 98591 94 0 1 0 RLCL ACQUISITION LLC 3009 DICKERSON PIKE NASHVILLE TN 37207 STUDENT TRANSPORT 531048 MIGUEL'S LANDSCAPING AND MAINTENANCE 300 SANDS DR H205 SAN JOSE CA 95125 LANDSCAPING 200682 BE GLAD LLC 3141 STEVENS CREAK BLVD SUITE353 SAN JOSE CA 95117 PROFESSIONAL DEVELOPMENT & TRANING 183450 DIGICORP INFORMATION SYSTEMS LLC 1411 ZINNIA RD MISSOURI CITY TX 77489 SOFTWARE WEB APP DEVELOPMENT SERVICES 176077 LEGILITY LLC 216 CENTERVEW DRIVE SUITE 250 BRENTWOOD TN 37027 PROFESSIONAL SERVICES 163725 10 110827244 4580388 115407632 162180 162180 MANAGEMENT FEE 900099 5088798 5088798 UNIFORM SALES 900099 3944 3944 MISCELLANEOUS REVENUE 900099 3201 3201 1476 1476 5097419 120667231 5097419 0 162180 619102 619102 53898947 46002969 7539731 356247 5352116 5160210 191906 7677632 7061679 557715 58238 2532204 1998995 533209 739619 739619 129538 129538 7324470 5402309 1917939 4222 78819 78819 1576355 1304336 263931 8088 5944110 5144071 798189 1850 13991651 13525585 466066 767764 632037 135727 21273 21273 245001 245001 322610 211412 111198 317931 123408 194523 INSTRUCTION MATERIALS 1869521 1869521 -10255 10255 OVERSIGHT FEES 768919 768919 STUDENT FOOD SERVICES 691992 503648 186384 1960 PRINTING AND POSTAGE 199648 119024 80624 3265199 2374391 890808 108334421 91433595 16459966 440860 10496802 22010245 12334275 10617224 900000 17627366 24944005 7231996 7094138 2906790 5338341 6826423 2408603 4740076 4417820 426830 449709 56664135 74871482 5976925 10109854 1582030 2930710 5962498 6567842 4411531 4284611 17932984 23893017 X 37831151 50978465 900000 0 38731151 50978465 56664135 74871482 X 12332810 14504 -100000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 175536 0 0 175536 0 PART II-B, LINE 1: DIRECT CONTACT WITH LEGISLATORS 5910476 1565396 4345080 915947 843207 72740 4417820 DEFERRED RENT LIABILITY 4010089 ACCRUED INTEREST 274522 4284611 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 276502 0 0 0 0 0 2500 0 14662 0 293664 0 0 0 KEYSHA BAILEY CFO 310284 0 0 0 0 0 1134 0 7990 0 319408 0 0 0 YUNGLYNN LIAO CHIEF TALENT OFFICER 235735 0 0 0 0 0 2500 0 18352 0 256587 0 0 0 CHEYE CALVO CHIEF GROWTH AND COMMUNITY ENGAGEMEN 225909 0 0 0 0 0 2500 0 6041 0 234450 0 0 0 CAROLYN LYNCH VP OPERATIONS 198977 0 0 0 0 0 2500 0 12941 0 214418 0 0 0 CHRISTOPHER MURPHY VP MARKETING & COMMUNICATIONS 201139 0 0 0 0 0 2500 0 9151 0 212790 0 0 0 LAURA KOZEL VP CAPITAL FINANCE 189334 0 0 0 0 0 2500 0 13320 0 205154 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 AND APPROVAL 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 OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' 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 XI, LINE 9: TRANSFER -100,000. 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 0 1 0 LAUNCHPAD DEVELOPMENT COMPANY K 19483728 FMV LEASE LAUNCHPAD DEVELOPMENT COMPANY L 400000 ESTIMATED VALUE ROCKETSHIP EDUCATION- WISCONSIN L 1070881 COST OF MANAGEMENT FEE ROCKETSHIP EDUCATION- DC L 4037272 COST OF MANAGEMENT FEE ROCKETSHIP EDUCATION- WISCONSIN D 1500000 LINE OF CREDIT ROCKETSHIP EDUCATION- WISCONSIN R 100000 COST OF TRANSFER