FURP.ORG / PUBLIC DATA EXPLORER

LAUNCHPAD DEVELOPMENT COMPANY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
LAUNCHPAD DEVELOPMENT COMPANY (EIN 27-1813337)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-20
IRS object ID
201501409349300635
Schema version
2013v4.0
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)
Return2015-05-20T14:43:35-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN952242818PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VICENTI LLOYD & STUTZMANBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12210 E ROUTE 66 STE 100AddressLine1
CityGLENDORACity
StateCAState
ZIP Code917404676ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271813337EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAUNCHPAD DEVELOPMENT COMPANYBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlLAUNBusinessNameControlTxt
Phone8778060920PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE SUITEAddressLine1
Address Line2ROOM/SUITE 109AddressLine2
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANDREW STERNPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone8778060920PhoneNum
Signature2015-02-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWADE MCMULLEN CPAPreparerPersonNm
PTINP00541671PTIN
Phone6268577300PhoneNum
Preparation2015-05-20PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANDREW STERNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE STE 109AddressLine1
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$7,438,137GrossReceiptsAmt
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 Body4VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$5,505,366PYProgramServiceRevenueAmt
CY Program Service Revenue$7,425,749CYProgramServiceRevenueAmt
PY Investment Income$11,063PYInvestmentIncomeAmt
CY Investment Income$12,388CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,516,429PYTotalRevenueAmt
CY Total Revenue$7,438,137CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$173PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$5,273,216PYOtherExpensesAmt
CY Other Expenses$8,000,443CYOtherExpensesAmt
PY Total Expenses$5,273,389PYTotalExpensesAmt
CY Total Expenses$8,000,443CYTotalExpensesAmt
PY Revenues Less Expenses$243,040PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$562,306CYRevenuesLessExpensesAmt
Total Assets BOY$51,352,799TotalAssetsBOYAmt
Total Assets EOY$82,212,193TotalAssetsEOYAmt
Total Liabilities BOY$50,852,260TotalLiabilitiesBOYAmt
Total Liabilities EOY$82,273,960TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$500,539NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$61,767NetAssetsOrFundBalancesEOYAmt
MissionLAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$7,893,418ExpenseAmt
Revenue$7,425,749RevenueAmt
DescLAUNCHPAD DEVELOPMENT COMPANY PROVIDES FACILITIES AND DEVELOPMENT SERVICES FOR ROCKETSHIP EDUCATION. THE ORGANIZATION IS SOLE MEMBER OF FIFTEEN MANAGED LLCS. EACH LLC IS ORGANIZED TO CONSTRUCT, HOLD, AND MANAGE SCHOOL FACILITIES FOR ROCKETSHIP EDUCATION.Desc
Total Program Service Expenses$7,893,418TotalProgramServiceExpensesAmt
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 Document12IRPDocumentCnt
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 Members4GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
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 STERNBusinessNameLine1
FieldValueIRS element (for citing)
Phone8778060920PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE STE 109AddressLine1
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (4 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$266,732$16,647
JEFFREY WINAKER
MEMBER1.00Yes (X)$0$0$0
CAM TURNER
MEMBER1.00Yes (X)$0$0$0
TADD MILLER
MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$266,732TotReportableCompRltdOrgAmt
Total Other Compensation$16,647TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
ROBERT A BOTHMAN INC
650 QUINN AVESAN JOSECA95112CONTRACTOR$1,465,048
ENVIROPLEX INC
4777 E CARPENTER ROADSTOCKTONCA95215CONSTRUCTION$803,020
ARTIK ARTS AND ARCHITECTURE
394-A UMBARGER ROADSAN JOSECA95111ARCHITECT$572,837
ONE WORK PLACE
PO POX 49138SAN JOSECA95161CONSTRUCTION$325,696
HILBERS INC
1210 STABLER LANEYUBA CITYCA95993CONSTRUCTION$283,389
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFACILITY FEE INCOMEDesc
Total Revenue Column$7,425,749TotalRevenueColumnAmt
Related Or Exempt Func Income$7,425,749RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$7,425,749TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,388TotalRevenueColumnAmt
Exclusion$12,388ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,438,137TotalRevenueColumnAmt
Related Or Exempt Func Income$7,425,749RelatedOrExemptFuncIncomeAmt
Exclusion$12,388ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$35,043TotalAmt
Management And General$35,043ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,850TotalAmt
Management And General$17,850ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,483TotalAmt
Program Services$3,483ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,066TotalAmt
Management And General$5,066ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,414,706TotalAmt
Program Services$1,414,706ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,416TotalAmt
Management And General$1,416ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,782,026TotalAmt
Program Services$3,765,583ProgramServicesAmt
Management And General$16,443ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,282,308TotalAmt
Program Services$1,273,058ProgramServicesAmt
Management And General$9,250ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$100,989TotalAmt
Program Services$79,032ProgramServicesAmt
Management And General$21,957ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescPROJECT COSTSDesc
Total$1,357,556TotalAmt
Program Services$1,357,556ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,000,443TotalAmt
Program Services$7,893,418ProgramServicesAmt
Management And General$107,025ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,716,495BOYAmt
EOY$2,640,920EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,769,233BOYAmt
EOY$19,901,935EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$435,161BOYAmt
EOY$368,766EOYAmt

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$501,531BOYAmt
EOY$317,355EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$61,653,329LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,963,551LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$43,842,594BOYAmt
EOY$56,689,778EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,527,785BOYAmt
EOY$1,733,439EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$51,352,799BOYAmt
EOY$82,212,193EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$509,500BOYAmt
EOY$3,590,855EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,705,000BOYAmt
EOY$50,640,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$30,122,788BOYAmt
EOY$26,685,775EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,514,972BOYAmt
EOY$1,357,330EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$50,852,260BOYAmt
EOY$82,273,960EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$500,539BOYAmt
EOY-$61,767EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$500,539BOYAmt
EOY-$61,767EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$51,352,799BOYAmt
EOY$82,212,193EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$562,306ReconcilationRevenueExpnssAmt
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
CertificationYes (X)CertificationInd
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIP EDUCATIONBusinessNameLine1
FieldValueIRS element (for citing)
EIN204040597EIN
Organization Type2OrganizationTypeDesc
Governing Document ListedYes (true)GoverningDocumentListedInd
Supported Org NotifiedYes (true)SupportedOrgNotifiedInd
US OrganizedYes (true)USOrganizedInd
Support$0SupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,244,960OtherCostOrOtherBasisAmt
Book Value$8,244,960BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$34,988,730OtherCostOrOtherBasisAmt
Depreciation$4,339,613DepreciationAmt
Book Value$30,649,117BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$409,869OtherCostOrOtherBasisAmt
Depreciation$177,186DepreciationAmt
Book Value$232,683BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,009,770OtherCostOrOtherBasisAmt
Depreciation$446,752DepreciationAmt
Book Value$17,563,018BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$56,689,778TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
SECURITY DEPOSITS$850,000
DEFERRED RENT LIABILITY$507,330
FieldValueIRS element (for citing)
Total Liability$1,357,330TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,463,137TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$25,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$25,000RevenueNotReportedAmt
Revenue Subtotal$7,438,137RevenueSubtotalAmt
Total Revenue Per Form990$7,438,137TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,025,443TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$25,000DonatedServicesUseFcltsAmt
Expenses Not Reported$25,000ExpensesNotReportedAmt
Expenses Subtotal$8,000,443ExpensesSubtotalAmt
Total Expenses Per Form990$8,000,443TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationLAUNCHPAD DEVELOPMENT COMPANY 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$266,732CompensationBasedOnRltdOrgsAmt
Deferred Comp Rltd Orgs$2,500DeferredCompRltdOrgsAmt
Nontaxable Benefits Rltd Orgs$14,147NontaxableBenefitsRltdOrgsAmt
Total Compensation Rltd Orgs$283,379TotalCompensationRltdOrgsAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBusiness Name Line2IssuerName/BusinessNameLine2Bond 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$2,890,4312014falsefalsefalseYes (true)
D$10,930,000$911,161$414,244$216,063$9,388,5322014falsefalsefalsefalse

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

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 (15 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Direct Controlling NADirectControllingNACd
LAUNCHPAD DEVELOPMENT ONE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263434757SCHOOL FACCA$977,598$4,631,929NA
LAUNCHPAD DEVELOPMENT TWO LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263434819SCHOOL FACCA$963,586$10,943,609NA
LAUNCHPAD DEVELOPMENT THREE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065263435079SCHOOL FACCA$1,038,353$7,207,429NA
LAUNCHPAD DEVELOPMENT FOUR LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$1,005,890$9,473,639NA
LAUNCHPAD DEVELOPMENT FIVE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065275083413SCHOOL FACCA$1,004,982$9,574,967NA
LAUNCHPAD DEVELOPMENT SIX LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065452649820SCHOOL FACCA$105,540NA
LAUNCHPAD DEVELOPMENT EIGHT LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065453127406SCHOOL FACCA$716,220$8,902,576NA
LAUNCHPAD DEVELOPMENT NINE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCANA
LAUNCHPAD DEVELOPMENT TEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$103,871$79,185NA
LAUNCHPAD DEVELOPMENT ELEVEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$461,105$12,459,812NA
LAUNCHPAD DEVELOPMENT TWELVE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$588,983$16,871,321NA
LAUNCHPAD DVPMT MILWAUKEE ONE LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACWI$571,446$76,609NA
LAUNCHPAD DEVELOPMENT THIRTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$6,365N/A
LAUNCHPAD DEVELOPMENT FOURTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCAN/A
LAUNCHPAD DEVELOPMENT FIFTEEN LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337SCHOOL FACCA$55,717N/A

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled 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

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (6 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Disproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPct
LAUNCHPAD ADMINISTRATIVE MEMBER LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065352415766NMTC STRUCDENAfalseYes (true)0.99000
LCI SUB-CDE I LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900736017NMTC STRUCDENAfalsefalse
LCI SUB-CDE II LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900736105NMTC STRUCDENAfalsefalse
LCI SUB-CDE IIILLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065800735638NMTC STRUCDENAfalsefalse
LCI SUB-CDE IV LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900736224NMTC STRUCDENAfalsefalse
LAUNCHPAD COMMUNITY INITIATIVES LL
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065383844885NMTC STRUCDENAfalseYes (true)0.99000

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIP EIGHT ELEMENTARYBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE 109AddressLine1
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode
FieldValueIRS element (for citing)
EIN453127406EIN
Primary ActivitiesCHARTER SCPrimaryActivitiesTxt
Legal Domicile StateCALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIPBusinessNameLine1
FieldValueIRS element (for citing)
Entity TypeC CORPEntityTypeTxt
Controlled OrganizationfalseControlledOrganizationInd
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