FURP.ORG / PUBLIC DATA EXPLORER

LAUNCHPAD DEVELOPMENT COMPANY: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
LAUNCHPAD DEVELOPMENT COMPANY (EIN 27-1813337)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-10
IRS object ID
201701309349302500
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-10T10:40:09-07:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN952242818PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VICENTI LLOYD & STUTZMANBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12210 E ROUTE 66 STE 100AddressLine1Txt
CityGLENDORACityNm
State AbbreviationCAStateAbbreviationCd
ZIP917404676ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271813337EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAUNCHPAD DEVELOPMENT COMPANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUNBusinessNameControlTxt
Phone8778060920PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE SUITE 109AddressLine1Txt
CityREDWOOD CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94065ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEYSHA BAILEYPersonNm
Person TitleRSED CFO/BOARD CHAIRPersonTitleTxt
Phone8778060920PhoneNum
Signature2017-02-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWADE MCMULLEN CPAPreparerPersonNm
PTINP00541671PTIN
Phone6268577300PhoneNum
Preparation2017-05-08PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANDREW STERNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE SUITE 109AddressLine1Txt
CityREDWOOD CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94065ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$10,565,059GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionLAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$239,089CYContributionsGrantsAmt
PY Program Service Revenue$8,905,536PYProgramServiceRevenueAmt
CY Program Service Revenue$10,306,563CYProgramServiceRevenueAmt
PY Investment Income$15,518PYInvestmentIncomeAmt
CY Investment Income$19,407CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$8,921,054PYTotalRevenueAmt
CY Total Revenue$10,565,059CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,555,632PYOtherExpensesAmt
CY Other Expenses$10,328,364CYOtherExpensesAmt
PY Total Expenses$8,555,632PYTotalExpensesAmt
CY Total Expenses$10,328,364CYTotalExpensesAmt
PY Revenues Less Expenses$365,422PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$236,695CYRevenuesLessExpensesAmt
Total Assets BOY$74,153,509TotalAssetsBOYAmt
Total Assets EOY$105,660,145TotalAssetsEOYAmt
Total Liabilities BOY$75,665,572TotalLiabilitiesBOYAmt
Total Liabilities EOY$106,935,513TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,512,063NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,275,368NetAssetsOrFundBalancesEOYAmt
MissionLAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$9,985,488ExpenseAmt
Revenue$10,306,563RevenueAmt
DescLAUNCHPAD DEVELOPMENT COMPANY PROVIDES FACILITIES AND DEVELOPMENT SERVICES FOR ROCKETSHIP EDUCATION. THE ORGANIZATION IS SOLE MEMBER OF TWENTY-ONE MANAGED LLCS. EACH LLC IS ORGANIZED TO CONSTRUCT, HOLD, AND MANAGE SCHOOL FACILITIES FOR ROCKETSHIP EDUCATION.Desc
Total Program Service Expenses$9,985,488TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANDREW STERNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8778060920PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE STE 109AddressLine1Txt
CityREDWOOD CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94065ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ANDREW STERN
RSED CBO/BOA40.0040.00Yes (X)Yes (X)$0$261,785$21,096
JEFFREY WINAKER
MEMBER1.00Yes (X)$0$0$0
CAM TURNER
MEMBER1.00Yes (X)$0$0$0
TADD MILLER
MEMBER1.00Yes (X)$0$0$0
RON DUNCANSON
MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$261,785TotReportableCompRltdOrgAmt
Total Other Compensation$21,096TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
ROBERT A BOTHMAN INC
62690 SCOTT BOULEVARDSANTA CLARACA95111CONTRACTOR$741,788
ARTIK ARTS AND ARCHITECTURE
394-A UMBARGER RDSAN JOSECA95111ARCHITECT$373,784
SLO - SWIFT LEE OFFICE
543A S RAYMOND AVEPASADENACA91105ARCHITECT$362,803
JL MODULAR INC
70 STONY POINT ROAD SUITE DSANTA ROSACA95401FACILITIES CONS$360,230
K2A LLP
55DE HARO STSAN FRANCISCOCA94107ARCHITECT$236,452SUITE 380
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$133,549GovernmentGrantsAmt
All Other Contributions$105,540AllOtherContributionsAmt
Total Contributions$239,089TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFACILITY FEE INCOMEDesc
Total Revenue Column$10,306,563TotalRevenueColumnAmt
Related Or Exempt Func Income$10,306,563RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$10,306,563TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,407TotalRevenueColumnAmt
Exclusion$19,407ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,565,059TotalRevenueColumnAmt
Related Or Exempt Func Income$10,306,563RelatedOrExemptFuncIncomeAmt
Exclusion$19,407ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$42,717TotalAmt
Management And General$42,717ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,036TotalAmt
Management And General$46,036ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,050TotalAmt
Program Services$4,050ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$24,137TotalAmt
Management And General$24,137ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,467,450TotalAmt
Program Services$2,258,644ProgramServicesAmt
Management And General$208,806ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$758TotalAmt
Management And General$758ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,465,579TotalAmt
Program Services$5,465,579ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,074,656TotalAmt
Program Services$2,074,656ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$111,760TotalAmt
Program Services$91,338ProgramServicesAmt
Management And General$20,422ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescPROJECT COSTSDesc
Total$91,221TotalAmt
Program Services$91,221ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,328,364TotalAmt
Program Services$9,985,488ProgramServicesAmt
Management And General$342,876ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,665,646BOYAmt
EOY$4,071,485EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,472,050BOYAmt
EOY$13,369,266EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$23,164BOYAmt
EOY$54,296EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$560,000BOYAmt
EOY$560,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$463,346BOYAmt
EOY$578,689EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$92,560,106LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,679,976LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$60,054,568BOYAmt
EOY$83,880,130EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,914,735BOYAmt
EOY$3,146,279EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$74,153,509BOYAmt
EOY$105,660,145EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,061,936BOYAmt
EOY$2,861,066EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$326,964EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$50,640,000BOYAmt
EOY$84,225,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$22,911,291BOYAmt
EOY$18,132,668EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,052,345BOYAmt
EOY$1,389,815EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$75,665,572BOYAmt
EOY$106,935,513EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$1,512,063BOYAmt
EOY-$1,275,368EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,512,063BOYAmt
EOY-$1,275,368EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$74,153,509BOYAmt
EOY$105,660,145EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$236,695ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIP EDUCATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN204040597EIN
Organization Type2OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,555,809OtherCostOrOtherBasisAmt
Book Value$14,555,809BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$62,691,336OtherCostOrOtherBasisAmt
Depreciation$7,754,819DepreciationAmt
Book Value$54,936,517BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$409,869OtherCostOrOtherBasisAmt
Depreciation$336,290DepreciationAmt
Book Value$73,579BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,903,092OtherCostOrOtherBasisAmt
Depreciation$588,867DepreciationAmt
Book Value$14,314,225BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$83,880,130TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT LIABILITY$989,815
SECURITY DEPOSITS$400,000
FieldValueIRS element (for citing)
Total Liability$1,389,815TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$10,590,059TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$25,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$25,000RevenueNotReportedAmt
Revenue Subtotal$10,565,059RevenueSubtotalAmt
Total Revenue Per Form990$10,565,059TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,353,364TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$25,000DonatedServicesUseFcltsAmt
Expenses Not Reported$25,000ExpensesNotReportedAmt
Expenses Subtotal$10,328,364ExpensesSubtotalAmt
Total Expenses Per Form990$10,328,364TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationLAUNCHPAD IS COMPRISED OF VARIOUS NON-PROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 237041D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES RELATED TO THESE ENTITIES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION FILES ALL APPROPRIATE TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonANDREW STERNPersonNm
TitleRSED CBO/BOARD CHAIRTitleTxt
Compensation Based On Rltd Orgs$261,785CompensationBasedOnRltdOrgsAmt
Deferred Comp Rltd Orgs$2,500DeferredCompRltdOrgsAmt
Nontaxable Benefits Rltd Orgs$18,596NontaxableBenefitsRltdOrgsAmt
Total Compensation Rltd Orgs$282,881TotalCompensationRltdOrgsAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBusiness Name Line2IssuerName/BusinessNameLine2TxtBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
CALIFORNIA STATEWIDE COMMUNITIES
ADEVELOPMENT AUTHORITY680164610130790AQI2011-09-08$9,600,000SEE PT VIfalsefalsefalse
CA MUNICIPAL FINANCE AUTHORITY
B20156346613048DAA62012-09-25$9,105,000SEE PT VIfalsefalsefalse
CA MUNICIPAL FINANCE AUTHORITY
C20156346613048DAM02014-02-10$3,365,000SEE PT VIfalsefalsefalse
CA MUNICIPAL FINANCE AUTHORITY
D20156346613048DAN82014-02-10$10,930,000SEE PT VIfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$9,600,000$893,825$800,133$192,000$7,714,0422012falsefalseYes (true)Yes (true)
B$9,105,000$685,608$105,738$182,100$8,131,5542013falsefalseYes (true)Yes (true)
C$3,365,000$280,517$127,533$66,519$2,890,4312014falsefalseYes (true)Yes (true)
D$10,930,000$911,161$414,244$216,063$9,388,5322014falsefalseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalsefalsefalsefalse
Bfalsefalsefalsefalsefalsefalsefalse
Cfalsefalsefalsefalsefalsefalsefalse
Dfalsefalsefalsefalsefalsefalsefalse

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
Afalsefalsefalsefalsefalsefalsefalsefalsefalse
Bfalsefalsefalsefalsefalsefalsefalsefalsefalse
Cfalsefalsefalsefalsefalsefalsefalsefalsefalse
Dfalsefalsefalsefalsefalsefalsefalsefalsefalse

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
Afalse
Bfalse
Cfalse
Dfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE K - ADDITIONAL INFORMATIONFormAndLineReferenceDesc
ExplanationCALIFORNIA STATEWIDE COMMUNITIES CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. CA. MUNICIPAL FINANCE AUTHORITY CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. CA. MUNICIPAL FINANCE AUTHORITY CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. CA. MUNICIPAL FINANCE AUTHORITY CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. CA. MUNICIPAL FINANCE AUTHORITY CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. CA. MUNICIPAL FINANCE AUTHORITY CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. CA. MUNICIPAL FINANCE AUTHORITY CA. MUNICIPAL FINANCE AUTHORITY FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 8BTHERE ARE NO COMMITTEES DELEGATED BY THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 11BTHE ORGANIZATION'S BOARD WILL REVIEW THE 990 BEFORE IT IS SUBMITTED TO THE IRS.
FORM 990, PAGE 6, PART VI, LINE 12CALL DESIGNATED EMPLOYEES MUST FILE CONFLICT OF INTEREST DISCLSOURES BY APRIL 1ST OF EACH YEAR. CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE THEN FORWARDED TO THE COUNTY BOARD OF SUPERVISORS. CONFLICTS ARE REVIEWED AND DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS. DESIGNATED EMPLOYEES INCLUDE EMPLOYEES OF ROCKETSHIP AND CA PUBLIC CHARTER SCHOOLS IT OPERATES, INCLUDING GOVERNING BOARD MEMBERS AND CANDIDATES, WHO HOLD POSITIONS THAT INVOLVE THE MAKING OR PARTICIPATION IN THE MAKING, OF DECISIONS THAT MAY FORESEEABLY HAVE A MATERIAL EFFECT ON ANY FINANCIAL INTEREST.
FORM 990, PAGE 6, PART VI, LINE 19OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (21 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtDirect Controlling NADirectControllingNACd
LAUNCHPAD DEVELOPMENT ONE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263434757SCHOOL FACCA$1,058,943$13,699,729NA
LAUNCHPAD DEVELOPMENT TWO LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263434819SCHOOL FACCA$1,035,309$10,572,055NA
LAUNCHPAD DEVELOPMENT THREE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263435079SCHOOL FACCA$1,243,322$6,917,080NA
LAUNCHPAD DEVELOPMENT FOUR LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$941,328$8,567,652NA
LAUNCHPAD DEVELOPMENT FIVE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065275083413SCHOOL FACCA$979,386$8,110,867NA
LAUNCHPAD DEVELOPMENT EIGHT LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065453127406SCHOOL FACCA$716,537$8,188,854NA
LAUNCHPAD DEVELOPMENT TEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$364,811$9,128,092NA
LAUNCHPAD DEVELOPMENT ELEVEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$1,104,098$10,397,183NA
LAUNCHPAD DEVELOPMENT TWELVE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$1,408,982$10,628,747NA
LAUNCHPAD DVPMT MILWAUKEE ONE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACWI$661,260$139,336NA
LAUNCHPAD DEVELOPMENT FOURTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCAN/A
LAUNCHPAD DEVELOPMENT FIFTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$945,089N/A
LAUNCHPAD DEVELOPMENT SIXTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$15,231$13,563,559N/A
LAUNCHPAD DEVELOPMENT SEVENTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$881,541N/A
LAUNCHPAD DEVELOPMENT EIGHTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$143,317N/A
LAUNCHPAD DEVELOPMENT NINETEEN
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$11,820NA
LAUNCHPAD DVPMT MILWAUKEE TWO LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACWI$41,745NA
LAUNCHPAD DVPMT ONE NASHVILLE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACTNNA
LAUNCHPAD DVPMT TWO NASHVILLE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACTN$911,102$185,434NA
LAUNCHPAD DVPMT ONE DC LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACDC$33,779NA
LAUNCHPAD DVPMT TWO DC LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACDC$4,193NA

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
ROCKETSHIP EDUCATION
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065204040597CHARTER SCCA501C32NAfalse
ROCKETSHIP EDUCATION WISCONSIN INC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900951861CHARTER SCWI501C32NAfalse
ROCKETSHIP EDUCATION DC PUBLIC CHA
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065473468345CHARTER SCDC501C32NAfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (true)LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgYes (true)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd