FURP.ORG / PUBLIC DATA EXPLORER

LAUNCHPAD DEVELOPMENT COMPANY: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LAUNCHPAD DEVELOPMENT COMPANY (EIN 27-1813337)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-13
IRS object ID
201631349349307703
Schema version
2014v6.0
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)
Return2016-05-13T18:24:20-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

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 Begin2014-07-01TaxPeriodBeginDt

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)
PersonANDREW STERNPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone8778060920PhoneNum
Signature2016-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWADE MCMULLEN CPAPreparerPersonNm
PTINP00541671PTIN
Phone6268577300PhoneNum
Preparation2016-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANDREW STERNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE STE 109AddressLine1Txt
CityREDWOOD CITYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94065ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,921,054GrossReceiptsAmt
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$0CYContributionsGrantsAmt
PY Program Service Revenue$7,425,749PYProgramServiceRevenueAmt
CY Program Service Revenue$8,905,536CYProgramServiceRevenueAmt
PY Investment Income$12,388PYInvestmentIncomeAmt
CY Investment Income$15,518CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$7,438,137PYTotalRevenueAmt
CY Total Revenue$8,921,054CYTotalRevenueAmt
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$8,000,443PYOtherExpensesAmt
CY Other Expenses$8,555,632CYOtherExpensesAmt
PY Total Expenses$8,000,443PYTotalExpensesAmt
CY Total Expenses$8,555,632CYTotalExpensesAmt
PY Revenues Less Expenses-$562,306PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$365,422CYRevenuesLessExpensesAmt
Total Assets BOY$82,212,193TotalAssetsBOYAmt
Total Assets EOY$74,153,509TotalAssetsEOYAmt
Total Liabilities BOY$82,273,960TotalLiabilitiesBOYAmt
Total Liabilities EOY$75,665,572TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$61,767NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,512,063NetAssetsOrFundBalancesEOYAmt
MissionLAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$8,494,434ExpenseAmt
Revenue$8,905,536RevenueAmt
DescLAUNCHPAD DEVELOPMENT COMPANY PROVIDES FACILITIES AND DEVELOPMENT SERVICES FOR ROCKETSHIP EDUCATION. THE ORGANIZATION IS SOLE MEMBER OF SEVENTEEN MANAGED LLCS. EACH LLC IS ORGANIZED TO CONSTRUCT, HOLD, AND MANAGE SCHOOL FACILITIES FOR ROCKETSHIP EDUCATION.Desc
Total Program Service Expenses$8,494,434TotalProgramServiceExpensesAmt
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 Document17IRPDocumentCnt
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$270,640$14,834
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$270,640TotReportableCompRltdOrgAmt
Total Other Compensation$14,834TotalOtherCompensationAmt
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
650 QUINN AVESAN JOSECA95112CONTRACTOR$4,477,000
AMERICAN MODULAR SYSTEMS
787 SPRECKELS AVENUEMANTECACA95336CONSTRUCTION$3,933,474
BEALS MARTIN INC
2596 BAY RDREDWOOD CITYCA94063CONTRACTOR$3,018,389
HILBERS INC
1210 STABLER LANEYUBA CITYCA95993CONSTRUCTION$2,450,940
K2A LLP
55DE HARO STSAN FRANCISCOCA94107ARCHITECT$289,808SUITE 380
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFACILITY FEE INCOMEDesc
Total Revenue Column$8,905,536TotalRevenueColumnAmt
Related Or Exempt Func Income$8,905,536RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$8,905,536TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,518TotalRevenueColumnAmt
Exclusion$15,518ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,921,054TotalRevenueColumnAmt
Related Or Exempt Func Income$8,905,536RelatedOrExemptFuncIncomeAmt
Exclusion$15,518ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,019TotalAmt
Management And General$3,019ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,110TotalAmt
Management And General$20,110ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,939TotalAmt
Program Services$2,939ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,713TotalAmt
Management And General$5,713ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,289,244TotalAmt
Program Services$1,289,244ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,632TotalAmt
Management And General$1,632ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,899,909TotalAmt
Program Services$4,899,909ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,866,726TotalAmt
Program Services$1,861,330ProgramServicesAmt
Management And General$5,396ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$105,696TotalAmt
Program Services$80,368ProgramServicesAmt
Management And General$25,328ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescPROJECT COSTSDesc
Total$360,644TotalAmt
Program Services$360,644ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,555,632TotalAmt
Program Services$8,494,434ProgramServicesAmt
Management And General$61,198ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,640,920BOYAmt
EOY$3,665,646EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$19,901,935BOYAmt
EOY$6,472,050EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$368,766BOYAmt
EOY$23,164EOYAmt

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$317,355BOYAmt
EOY$463,346EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$66,659,884LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,605,316LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$56,689,778BOYAmt
EOY$60,054,568EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,733,439BOYAmt
EOY$2,914,735EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$82,212,193BOYAmt
EOY$74,153,509EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,590,855BOYAmt
EOY$1,061,936EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$26,685,775BOYAmt
EOY$22,911,291EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,357,330BOYAmt
EOY$1,052,345EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$82,273,960BOYAmt
EOY$75,665,572EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$61,767BOYAmt
EOY-$1,512,063EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$61,767BOYAmt
EOY-$1,512,063EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$82,212,193BOYAmt
EOY$74,153,509EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$365,422ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$1,815,718PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
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
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
Support Sum$0SupportSumAmt
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$8,272,407OtherCostOrOtherBasisAmt
Book Value$8,272,407BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$54,062,713OtherCostOrOtherBasisAmt
Depreciation$5,859,062DepreciationAmt
Book Value$48,203,651BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$409,869OtherCostOrOtherBasisAmt
Depreciation$256,845DepreciationAmt
Book Value$153,024BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,914,895OtherCostOrOtherBasisAmt
Depreciation$489,409DepreciationAmt
Book Value$3,425,486BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$60,054,568TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT LIABILITY$652,345
SECURITY DEPOSITS$400,000
FieldValueIRS element (for citing)
Total Liability$1,052,345TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,946,054TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$25,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$25,000RevenueNotReportedAmt
Revenue Subtotal$8,921,054RevenueSubtotalAmt
Total Revenue Per Form990$8,921,054TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,580,632TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$25,000DonatedServicesUseFcltsAmt
Expenses Not Reported$25,000ExpensesNotReportedAmt
Expenses Subtotal$8,555,632ExpensesSubtotalAmt
Total Expenses Per Form990$8,555,632TotalExpensesPerForm990Amt

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 23701D. 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$270,640CompensationBasedOnRltdOrgsAmt
Deferred Comp Rltd Orgs$2,500DeferredCompRltdOrgsAmt
Nontaxable Benefits Rltd Orgs$12,334NontaxableBenefitsRltdOrgsAmt
Total Compensation Rltd Orgs$285,474TotalCompensationRltdOrgsAmt

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
B13048DAA62012-09-25$9,105,000SEE PT VIfalsefalsefalse
CA MUNICIPAL FINANCE AUTHORITY
C13048DAM02014-02-10$3,365,000SEE PT VIfalsefalsefalse
CA MUNICIPAL FINANCE AUTHORITY
D13048DAN82014-02-10$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 FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. 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 FROM PT 1 COLUMN F: FINANCING OF THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES. 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 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 (17 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$1,055,293$4,379,681NA
LAUNCHPAD DEVELOPMENT TWO LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263434819SCHOOL FACCA$1,034,491$10,966,319NA
LAUNCHPAD DEVELOPMENT THREE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263435079SCHOOL FACCA$1,073,705$7,167,207NA
LAUNCHPAD DEVELOPMENT FOUR LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$942,045$8,804,345NA
LAUNCHPAD DEVELOPMENT FIVE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065275083413SCHOOL FACCA$854,663$8,466,355NA
LAUNCHPAD DEVELOPMENT SIX LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065452649820SCHOOL FACCA$404,867NA
LAUNCHPAD DEVELOPMENT EIGHT LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065453127406SCHOOL FACCA$716,415$8,419,142NA
LAUNCHPAD DEVELOPMENT NINE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$836,435NA
LAUNCHPAD DEVELOPMENT TEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$6,681$75,208NA
LAUNCHPAD DEVELOPMENT ELEVEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$1,105,580$11,255,637NA
LAUNCHPAD DEVELOPMENT TWELVE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$1,411,102$10,802,843NA
LAUNCHPAD DVPMT MILWAUKEE ONE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACWI$610,321$81,973NA
LAUNCHPAD DEVELOPMENT FOURTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCAN/A
LAUNCHPAD DEVELOPMENT FIFTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$544,644N/A
LAUNCHPAD DEVELOPMENT SIXTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$468,558N/A
LAUNCHPAD DEVELOPMENT SEVENTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$194,131N/A
LAUNCHPAD DEVELOPMENT EIGHTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCAN/A

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 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 SIX ELEMENTARY
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065452649820CHARTER 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