ROCKETSHIP EDUCATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- ROCKETSHIP EDUCATION (EIN 20-4040597)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-13
- IRS object ID
- 201541339349301604
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-13T08:59:12-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 952242818 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VICENTI LLOYD & STUTZMAN | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2210 E ROUTE 66 STE 100 | AddressLine1 |
| City | GLENDORA | City |
| State | CA | State |
| ZIP Code | 917404676 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204040597 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROCKETSHIP EDUCATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROCK | BusinessNameControlTxt |
| Phone | 8778060920 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 TWIN DOLPHIN DRIVE | AddressLine1 |
| Address Line2 | ROOM/SUITE 109 | AddressLine2 |
| City | REDWOOD CITY | City |
| State | CA | State |
| ZIP Code | 94065 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW STERN | PersonNm |
| Person Title | CBO | PersonTitleTxt |
| Phone | 8778060920 | PhoneNum |
| Signature | 2015-04-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WADE MCMULLEN CPA | PreparerPersonNm |
| PTIN | P00541671 | PTIN |
| Phone | 6268577300 | PhoneNum |
| Preparation | 2015-05-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREW STERN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 TWIN DOLPHIN DRIVE SUITE 109 | AddressLine1 |
| City | REDWOOD CITY | City |
| State | CA | State |
| ZIP Code | 94065 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,673,472 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.RSED.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | FOUNDED IN 2006, ROCKETSHIP EDUCATION (WWW.RSED.ORG), A NON-PROFIT CORPORATION, IS BUILDING A NATIONAL NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS. ROCKETSHIP'S MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN PUBLIC EDUCATION BY CREATING A NETWORK OF K-5 ELEMENTARY CHARTER SCHOOLS IN HIGH NEED NEIGHBORHOODS IN MAJOR CITIES IN THE UNITED STATES OVER THE NEXT DECADE. EACH ROCKETSHIP SCHOOL OPERATES IN AN ACADEMICALLY UNDERSERVED COMMUNITY, WITH A CLEAR AND SIMPLE GOAL: THAT ITS STUDENTS ACHIEVE GRADE LEVEL PROFICIENCY BY THE TIME THEY GRADUATE FROM ELEMENTARY SCHOOL. ROCKETSHIP FOCUSES ON ITS THREE PILLARS TO ENSURE THE SUCCESS OF ALL OF ITS SCHOOLS: EXCELLENT TEACHERS AND LEADERS, PERSONALIZED LEARNING, AND ENGAGED PARENTS. ROCKETSHIP HAS PIONEERED A TRANSFORMATIVE INSTRUCTIONAL MODEL THAT COMBINES CLASSROOM TEACHING WITH TUTORS AND TECHNOLOGY TO MEET EACH STUDENT WITH THE RIGHT LESSON AT THE RIGHT TIME. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 833 | TotalEmployeeCnt |
| Total Volunteers | 1012 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $13,331,182 | PYContributionsGrantsAmt |
| CY Contributions Grants | $50,948,420 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,253,337 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $59,992 | PYInvestmentIncomeAmt |
| CY Investment Income | $31,815 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,320 | PYOtherRevenueAmt |
| CY Other Revenue | $693,237 | CYOtherRevenueAmt |
| PY Total Revenue | $16,657,831 | PYTotalRevenueAmt |
| CY Total Revenue | $51,673,472 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $25,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,125,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,183,716 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $28,115,544 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,097,495 | PYOtherExpensesAmt |
| CY Other Expenses | $23,594,455 | CYOtherExpensesAmt |
| PY Total Expenses | $15,306,211 | PYTotalExpensesAmt |
| CY Total Expenses | $52,834,999 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,351,620 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,161,527 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $15,362,474 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,855,538 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,461,676 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $20,708,978 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,900,798 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,146,560 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FOUNDED IN 2006, ROCKETSHIP EDUCATION (WWW.RSED.ORG), A NON-PROFIT CORPORATION, IS BUILDING A NATIONAL NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS. ROCKETSHIP'S MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN PUBLIC EDUCATION BY CREATING A NETWORK OF K-5 ELEMENTARY CHARTER SCHOOLS IN HIGH NEED NEIGHBORHOODS IN MAJOR CITIES IN THE UNITED STATES OVER THE NEXT DECADE. EACH ROCKETSHIP SCHOOL OPERATES IN AN ACADEMICALLY UNDERSERVED COMMUNITY, WITH A CLEAR AND SIMPLE GOAL: THAT ITS STUDENTS ACHIEVE GRADE LEVEL PROFICIENCY BY THE TIME THEY GRADUATE FROM ELEMENTARY SCHOOL. ROCKETSHIP FOCUSES ON ITS THREE PILLARS TO ENSURE THE SUCCESS OF ALL OF ITS SCHOOLS: EXCELLENT TEACHERS AND LEADERS, PERSONALIZED LEARNING, AND ENGAGED PARENTS. ROCKETSHIP HAS PIONEERED A TRANSFORMATIVE INSTRUCTIONAL MODEL THAT COMBINES CLASSROOM TEACHING WITH TUTORS AND TECHNOLOGY TO MEET EACH STUDENT WITH THE RIGHT LESSON AT THE RIGHT TIME. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $47,857,630 | ExpenseAmt |
| Revenue | $693,237 | RevenueAmt |
| Desc | ROCKETSHIP EDUCATION MANAGES, OPERATES, AND PROMOTES A NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING PRIMARILY LOW-INCOME STUDENTS IN ACADEMICALLY UNDERSERVED COMMUNITIES. ROCKETSHIP EDUCATION DIRECTLY OPERATES ROCKETSHIP MATEO SHEEDY ELEMENTARY, ROCKETSHIP SI SE PUEDE ACADEMY, ROCKETSHIP LOS SUENOS ACADEMY, ROCKETSHIP MOSAIC ELEMENTARY, ROCKETSHIP DISCOVERY PREP, ROCKETSHIP BRILLIANT MINDS, ROCKETSHIP ALMA ACADEMY, AND ROCKETSHIP SPARK ACADEMY. ROCKETSHIP SERVES OVER 4,500 STUDENTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,125,000 | ExpenseAmt |
| Grant | $1,125,000 | GrantAmt |
| Desc | PROVIDES STAFF AND OTHER SUPPORT TO LAUNCHPAD DEVELOPMENT COMPANY AND ROCKETSHIP EDUCATION WISCONSIN WHICH OPERATES A PUBLIC CHARTER SCHOOL IN MILWAUKEE,WISCONSIN. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $1,125,000 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $1,125,000 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $48,982,630 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 102 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 833 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW STERN | PersonNm |
| Phone | 8778060920 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 TWIN DOLPHIN DR 109 | AddressLine1 |
| City | REDWOOD CITY | City |
| State | CA | State |
| ZIP Code | 94065 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| G MARCUS COLE | |||||||
| BOARD PRESID | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ALAN CRITES | |||||||
| BOARD TREASU | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ALEX HERNANDEZ | |||||||
| BOARD SECRET | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ALEX TERMAN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH MCGRIFF | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC SCROGGINS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| FRED FERRER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER NILES | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KIM SMITH | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LOUIS JORDAN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY SHEEHY | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GREG STANGER | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW STERN | |||||||
| CBO | 40.00 | Yes (X) | $266,732 | $0 | $16,647 | ||
| PRESTON SMITH | |||||||
| CEO AND PRES | 40.00 | Yes (X) | $168,291 | $0 | $15,638 | ||
| KATE MEHR | |||||||
| CSO 8/13 | 40.00 | $209,681 | $0 | $2,500 | Yes (X) | ||
| LYNN LIAO | |||||||
| CPO | 40.00 | $208,353 | $0 | $15,263 | Yes (X) | ||
| LAURA KOZEL | |||||||
| V.P. FACILIT | 40.00 | $189,069 | $0 | $14,086 | Yes (X) | ||
| KRISTOFFER HAINES | |||||||
| SR.VP GROWTH | 40.00 | $156,089 | $0 | $6,266 | Yes (X) | ||
| MARGARET DIESEL | |||||||
| CONTROLLER | 40.00 | $150,316 | $0 | $16,308 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,348,531 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $86,708 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 38 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| REVOLUTION FOODS INC | |||||
| PO BOX 742759 | LOS ANGELES | CA | 900742759 | FOOD SERVICE | $2,317,282 |
| ROBERT A BOTHMAN INC | |||||
| 650 QUINN AVE | SAN JOSE | CA | 95112 | CONTRACTOR | $906,089 |
| YMCA | |||||
| 80 SARATOGA AVENUE | SANTA CLARA | CA | 95051 | AFTER SCHOOL | $557,550 |
| JUMPSTART TECHNOLOGY INC | |||||
| 2375 GABRIEL AVENUE | MOUNTAIN VIEW | CA | 94040 | IT | $551,836 |
| ONE WORKPLACE | |||||
| PO POX 49138 | SAN JOSE | CA | 95161 | CONSTRUCTION | $368,345 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $43,367,223 | GovernmentGrantsAmt |
| All Other Contributions | $7,581,197 | AllOtherContributionsAmt |
| Total Contributions | $50,948,420 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,815 | TotalRevenueColumnAmt |
| Exclusion | $31,815 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| CORPORATE SCHOOL SERVICE FEE | $336,853 | $336,853 |
| FOOD SERVICE SALES | $162,949 | $162,949 |
| OTHER REVENUE | $100,000 | $100,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $93,435 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $93,435 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $693,237 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,673,472 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $693,237 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $31,815 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,125,000 | TotalAmt |
| Program Services | $1,125,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $459,904 | TotalAmt |
| Management And General | $459,904 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,081,832 | TotalAmt |
| Program Services | $21,343,500 | ProgramServicesAmt |
| Management And General | $1,738,332 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,128,750 | TotalAmt |
| Program Services | $1,087,337 | ProgramServicesAmt |
| Management And General | $41,413 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,362,400 | TotalAmt |
| Program Services | $2,208,939 | ProgramServicesAmt |
| Management And General | $153,461 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,082,658 | TotalAmt |
| Program Services | $939,949 | ProgramServicesAmt |
| Management And General | $142,709 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,372 | TotalAmt |
| Management And General | $204,372 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,496 | TotalAmt |
| Management And General | $216,496 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,000 | TotalAmt |
| Program Services | $61,000 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,590,650 | TotalAmt |
| Program Services | $3,441,500 | ProgramServicesAmt |
| Management And General | $149,150 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,734 | TotalAmt |
| Program Services | $13,414 | ProgramServicesAmt |
| Management And General | $4,320 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,143,697 | TotalAmt |
| Program Services | $1,032,302 | ProgramServicesAmt |
| Management And General | $111,395 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,202,897 | TotalAmt |
| Program Services | $985,587 | ProgramServicesAmt |
| Management And General | $217,310 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,991,787 | TotalAmt |
| Program Services | $8,923,862 | ProgramServicesAmt |
| Management And General | $67,925 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $635,974 | TotalAmt |
| Program Services | $491,934 | ProgramServicesAmt |
| Management And General | $144,040 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,314 | TotalAmt |
| Program Services | $61,280 | ProgramServicesAmt |
| Management And General | $18,034 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,775 | TotalAmt |
| Program Services | $77,158 | ProgramServicesAmt |
| Management And General | $20,617 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,753 | TotalAmt |
| Program Services | $139,648 | ProgramServicesAmt |
| Management And General | $29,105 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,553 | TotalAmt |
| Program Services | $115,189 | ProgramServicesAmt |
| Management And General | $7,364 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| STUDENT FOOD SERVICES | $3,099,600 | $3,099,600 | |
| BOOKS AND SUPPLIES | $2,547,557 | $2,484,787 | $62,770 |
| OTHER EXPENSES | $1,414,296 | $1,350,644 | $63,652 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,834,999 | TotalAmt |
| Program Services | $48,982,630 | ProgramServicesAmt |
| Management And General | $3,852,369 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,889,871 | BOYAmt |
| EOY | $15,138,570 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $527,127 | BOYAmt |
| EOY | $527,359 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,296,451 | BOYAmt |
| EOY | $1,293,716 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,939,608 | BOYAmt |
| EOY | $12,744,429 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $650,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $852,174 | BOYAmt |
| EOY | $1,354,471 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,657,090 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $360,097 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,695 | BOYAmt |
| EOY | $2,296,993 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $526,548 | BOYAmt |
| EOY | $850,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,362,474 | BOYAmt |
| EOY | $34,855,538 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,611,676 | BOYAmt |
| EOY | $3,802,851 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,625,000 | BOYAmt |
| EOY | $622,884 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,225,000 | BOYAmt |
| EOY | $14,460,295 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,822,948 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,461,676 | BOYAmt |
| EOY | $20,708,978 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,506,077 | BOYAmt |
| EOY | $12,879,464 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,394,721 | BOYAmt |
| EOY | $1,267,096 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,900,798 | BOYAmt |
| EOY | $14,146,560 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,362,474 | BOYAmt |
| EOY | $34,855,538 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,161,527 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | -$121,694 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $4,528,983 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,696,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,260,600 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,316,214 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,331,182 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $50,948,420 | CurrentTaxYearAmt |
| Total | $91,552,932 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,696,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,260,600 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,316,214 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,331,182 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $50,948,420 | CurrentTaxYearAmt |
| Total | $91,552,932 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,694,466 | SubstantialContributorsTotAmt |
| Public Support Total170 | $84,858,466 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,347 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $33,200 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $67,151 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $59,992 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,815 | CurrentTaxYearAmt |
| Total | $198,505 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $91,751,437 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $795,182 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92490 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $89,610 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $89,610 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,176,345 | OtherCostOrOtherBasisAmt |
| Depreciation | $96,357 | DepreciationAmt |
| Book Value | $2,079,988 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $114,134 | OtherCostOrOtherBasisAmt |
| Depreciation | $85,889 | DepreciationAmt |
| Book Value | $28,245 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $366,611 | OtherCostOrOtherBasisAmt |
| Depreciation | $177,851 | DepreciationAmt |
| Book Value | $188,760 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,296,993 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT LIABILITY | Desc |
| Amt | $1,822,948 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,822,948 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $52,968,542 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $1,295,070 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,295,070 | RevenueNotReportedAmt |
| Revenue Subtotal | $51,673,472 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $51,673,472 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $54,251,763 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,416,764 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $1,416,764 | ExpensesNotReportedAmt |
| Expenses Subtotal | $52,834,999 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $52,834,999 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | ROCKETSHIP EDUCATION IS 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 E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | false | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | WE INCLUDE THIS INFORMATION IN THE LOTTERY MATERIALS & THE NSLP BID MATERIALS THAT WE PROCESS ANNUALLY. |
| SCHEDULE E, LINE 4 | ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE. |
| SCHEDULE E, LINE 6 | AS A PUBLIC CHARTER SCHOOL, ROCKETSHIP RECEIVES A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, ROCKETSHIP IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS ADDRESSING OUR STUDENT POPULATION. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| LAUNCHPAD DEVELOPMENT CO | ||||||||||
| 350 TWIN DOLPHINS DRIVE NO 109 | REDWOOD CITY | CA | 94065 | 271813337 | 501C3 | $25,000 | FMV | STAFF SUPPORT | STAFF SUPPORT | |
| ROCKETSHIP EDUCATION WISCONSIN | ||||||||||
| 350 TWIN DOLPHINS DRIVE NO 109 | REDWOOD CITY | CA | 94065 | 900951861 | 501C3 | FMV | SUPPORT | $1,100,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION. THE AMOUNT REPORTED AS A GRANT IN PART II REPRESENTS THE VALUE OF FINANCE STAFF SUPPORT PROVIDED. ADDITIONALLY, ROCKETSHIP EDUCATION WISCONSIN OPERATES A PUBLIC CHARTER SCHOOL IN MILWAUKEE, WI. THE GRANT MADE WAS AN UNRESTRICTED CONTRIBUTION TO SUPPORT THE SCHOOL IN ITS FIRST YEAR OF OPERATIONS.THEREFORE, THERE ARE NO APPLICABLE GRANT MONITORING PROCEDURES TO REPORT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| ANDREW STERN | ||||
| CBO | $266,732 | $2,500 | $14,147 | $283,379 |
| PRESTON SMITH | ||||
| CEO AND PRESIDENT | $168,291 | $2,500 | $13,138 | $183,929 |
| KATE MEHR | ||||
| CSO 8/13 | $209,681 | $2,500 | $212,181 | |
| LYNN LIAO | ||||
| CPO | $208,353 | $2,500 | $12,763 | $223,616 |
| LAURA KOZEL | ||||
| V.P. FACILITIES | $189,069 | $2,500 | $11,586 | $203,155 |
| KRISTOFFER HAINES | ||||
| SR.VP GROWTH & DEVEL | $156,089 | $6,266 | $162,355 | |
| MARGARET DIESEL | ||||
| CONTROLLER | $150,316 | $2,500 | $13,808 | $166,624 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | FOUNDED IN 2006, ROCKETSHIP EDUCATION (WWW.RSED.ORG), A NON-PROFIT CORPORATION, IS BUILDING A NATIONAL NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS. ROCKETSHIP'S MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN PUBLIC EDUCATION BY CREATING A NETWORK OF K-5 ELEMENTARY CHARTER SCHOOLS IN HIGH NEED NEIGHBORHOODS IN MAJOR CITIES IN THE UNITED STATES OVER THE NEXT DECADE. EACH ROCKETSHIP SCHOOL OPERATES IN AN ACADEMICALLY UNDERSERVED COMMUNITY, WITH A CLEAR AND SIMPLE GOAL: THAT ITS STUDENTS ACHIEVE GRADE LEVEL PROFICIENCY BY THE TIME THEY GRADUATE FROM ELEMENTARY SCHOOL. ROCKETSHIP FOCUSES ON ITS THREE PILLARS TO ENSURE THE SUCCESS OF ALL OF ITS SCHOOLS: EXCELLENT TEACHERS AND LEADERS, PERSONALIZED LEARNING, AND ENGAGED PARENTS. ROCKETSHIP HAS PIONEERED A TRANSFORMATIVE INSTRUCTIONAL MODEL THAT COMBINES CLASSROOM TEACHING WITH TUTORS AND TECHNOLOGY TO MEET EACH STUDENT WITH THE RIGHT LESSON AT THE RIGHT TIME. |
| FORM 990, PAGE 2, PART III, LINE 4D | PROVIDES STAFF AND OTHER SUPPORT TO LAUNCHPAD DEVELOPMENT COMPANY AND ROCKETSHIP EDUCATION WISCONSIN WHICH OPERATES A PUBLIC CHARTER SCHOOL IN MILWAUKEE,WISCONSIN. |
| FORM 990, PAGE 6, PART VI, LINE 11B | ROCKETSHIP'S BOARD REVIEWS THE COMPLETED FORM. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL 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 ROCKETSHIP'S BOARD OF DIRECTORS. DESIGNATED EMPLOYEES INCLUDE EMPLOYEES OF ROCKETSHIP AND CA PUBLIC CHARTER SCHOOLS IT OPERATES |
| FORM 990, PAGE 6, PART VI, LINE 15A | FOR THE CEO, CBO, AND CSO, ROCKETSHIP RECEIVED COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS FROM TWO INDUSTRY SOURCES. THESE SOURCES WERE CONSULTED IN MAKING COMPENSATION DECISIONS THROUGHOUT THE YEAR. |
| FORM 990, PAGE 6, PART VI, LINE 19 | OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE. |
| FORM 990, PART XI, LINE 9 | ROCKETSHIP TWO NET ASSETS TRANSFER 1,173,523 ROCKETSHIP THREE NET ASSETS TRANSFER 1,104,010 ROCKETSHIP FOUR NET ASSETS TRANSFER 463,794 ROCKETSHIP FIVE NET ASSETS TRANSFER 601,037 ROCKETSHIP SIX NET ASSETS TRANSFER 378,624 ROCKETSHIP SEVEN NET ASSETS TRANSFER 758,887 TRANSFER DEFICIT TO ROCKETSHIP EDUCATION WISCONSIN 49,108 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| LAUNCHPAD DEVELOPMENT COMPANY | ||||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 271813337 | CHARTER SC | CA | 501C3 | 11A | NA | false |
| ROCKETSHIP SIX ELEMENTARY | ||||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 452649820 | CHARTER SC | CA | 501C3 | 2 | NA | false |
| ROCKETSHIP EDUCATION WISCONSIN | ||||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 900951861 | CHARTER SC | WI | 501C3 | 2 | NA | false |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (6 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| LAUNCHPAD ADMINISTRATIVE MEMBER LL | |||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 352415766 | NMTC STRUC | DE | NA | false | false |
| LCI SUB-CDE I LLC | |||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 900736017 | NMTC STRUC | DE | NA | false | false |
| LCI SUB-CDE II LLC | |||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 900736105 | NMTC STRUC | DE | NA | false | false |
| LCI SUB-CDE IIILLC | |||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 800735638 | NMTC STRUC | DE | NA | false | false |
| LCI SUB-CDE IV LLC | |||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 900736224 | NMTC STRUC | DE | NA | false | false |
| LAUNCHPAD COMMUNITY INITIATIVES LLC | |||||||||
| 350 TWIN DOLPHIN DRIVE 109 | REDWOOD CITY | CA | 94065 | 383844885 | NMTC STRUC | DE | NA | false | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |