LAUNCHPAD DEVELOPMENT COMPANY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LAUNCHPAD DEVELOPMENT COMPANY (EIN 27-1813337)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-14
IRS object ID: 201431349349308253
Schema version: 2012v2.3
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 D
Schedule J
Schedule K
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-14T18:28:41-05:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VICENTI LLOYD & STUTZMAN	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

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	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	271813337	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LAUNCHPAD DEVELOPMENT COMPANY	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LAUN	NameControl
Phone	8778060920	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	350 TWIN DOLPHIN DR SUITE 109	AddressLine1
Address Line2	ROOM/SUITE 109	AddressLine2
City	REDWOOD CITY	City
State	CA	State
ZIP Code	94065	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ANDREW STERN	Name
Title	BOARD CHAIR	Title
Phone	8778060920	Phone
Date Signed	2014-05-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	WADE MCMULLEN CPA	Name
Phone	6268577300	Phone
Date Prepared	2014-05-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ANDREW STERN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	350 TWIN DOLPHIN DRIVE STE 109	AddressLine1
City	REDWOOD CITY	City
State	CA	State
ZIP Code	94065	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	5516429	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2009	YearFormation
State Legal Domicile	CA	StateLegalDomicile
Activity Or Mission Description	LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	3	NbrIndependentVotingMembers
Total Nbr Employees	4	TotalNbrEmployees
Total Nbr Volunteers	3	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	187546	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3152197	ProgramServiceRevenuePriorYear
Program Service Revenue CY	5505366	ProgramServiceRevenueCY
Investment Income Prior Year	8868	InvestmentIncomePriorYear
Investment Income Current Year	11063	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	3348611	TotalRevenuePriorYear
Total Revenue Current Year	5516429	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	6687	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	526046	SalariesEtcPriorYear
Salaries Etc Current Year	173	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3921098	OtherExpensePriorYear
Other Expenses Current Year	5273216	OtherExpensesCurrentYear
Total Expenses Prior Year	4453831	TotalExpensesPriorYear
Total Expenses Current Year	5273389	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-1105220	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	243040	RevenuesLessExpensesCY
Total Assets BOY	48625847	TotalAssetsBOY
Total Assets EOY	51352799	TotalAssetsEOY
Total Liabilities BOY	48368348	TotalLiabilitiesBOY
Total Liabilities EOY	50852260	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	257499	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	500539	NetAssetsOrFundBalancesEOY
Mission Description	LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	5164098	Expense
Revenue	5505366	Revenue
Description	LAUNCHPAD DEVELOPMENT COMPANY PROVIDES FACILITIES AND DEVELOPMENT SERVICES FOR ROCKETSHIP EDUCATION. THE ORGANIZATION IS SOLE MEMBER OF FOURTEEN LLCS. EACH LLC IS ORGANIZED TO CONSTRUCT, HOLD, AND MANAGE SCHOOL FACILITIES FOR ROCKETSHIP EDUCATION.	Description
Total Program Service Expense	5164098	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	true	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	18	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	4	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	3	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	false	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	ANDREW STERN	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	8778060920	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	350 TWIN DOLPHIN DRIVE STE 109	AddressLine1
City	REDWOOD CITY	City
State	CA	State
ZIP Code	94065	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
ANDREW STERN
RSED CBO/BOA	40.00	40.00	X	X	0	189361	23234
ERIC RESNICK
MEMBER - RES	1.00		X		0	0	0
JEFFREY WINAKER
MEMBER	1.00		X		0	0	0
CAM TURNER
MEMBER	1.00		X		0	0	0
TADD MILLER
MEMBER	1.00		X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp Frm Rltd Orgs	189361	TotalReportableCompFrmRltdOrgs
Total Other Compensation	23234	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ENVIROPLEX INC
4777 E CARPENTER ROAD	STOCKTON	CA	95215	CONSTRUCTION	3544617
ROBERT A BOTHMAN INC
650 QUINN AVE	SAN JOSE	CA	95112	CONTRACTOR	2006341
ARTIK ARTS AND ARCHITECTURE
394-A UMBARGER ROAD	SAN JOSE	CA	95111	ARCHITECT	378727
CORNERSTONE EARTH GROUP INC
1259 OAKMEAD PARKWAY	SUNNYVALE	CA	94085	ENGINEERING	174337
GILBANE BUILDING COMPANY
7 JACKSON WALKWAY	PROVIDENCE	RI	02903	CONSTRUCTION	130983

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	6	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	FACILITY FEE INCOME	Description
Total Revenue Column	5505366	TotalRevenueColumn
Related Or Exempt Function Income	5505366	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	5505366	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	11063	TotalRevenueColumn
Exclusion	$11,063	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	5516429	TotalRevenueColumn
Related Or Exempt Function Income	5505366	RelatedOrExemptFunctionIncome
Exclusion	$11,063	ExclusionAmount

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	173	Total
Management And General	173	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	24870	Total
Management And General	24870	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	16045	Total
Management And General	16045	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	415	Total
Management And General	415	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	54	Total
Management And General	54	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	418028	Total
Program Services	417028	ProgramServices
Management And General	1000	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	3067936	Total
Program Services	3054622	ProgramServices
Management And General	13314	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1351030	Total
Program Services	1341780	ProgramServices
Management And General	9250	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	101815	Total
Program Services	79930	ProgramServices
Management And General	21885	ManagementAndGeneral

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
PROJECT COSTS	265895	265895
OTHER COSTS	27128	4843	22285

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	5273389	Total
Program Services	5164098	ProgramServices
Management And General	109291	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	4220996	BOY
EOY	1716495	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	460924	BOY
EOY	2769233	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	630278	BOY
EOY	435161	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
EOY	560000	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	57037	BOY
EOY	501531	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	47447838	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3605244	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	42101887	BOY
EOY	43842594	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1154725	BOY
EOY	1527785	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	48625847	BOY
EOY	51352799	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3194830	BOY
EOY	509500	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	12470	BOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	9600000	BOY
EOY	18705000	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	33836048	BOY
EOY	30122788	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1725000	BOY
EOY	1514972	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	48368348	BOY
EOY	50852260	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	257499	BOY
EOY	500539	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	257499	BOY
EOY	500539	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	48625847	BOY
EOY	51352799	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	243040	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	X	SupportingOrganization509a3
Supporting Org509a3 Type1	X	SupportingOrg509a3Type1
Certification Checkbox	X	CertificationCheckbox
Written IRS Determination	X	WrittenIRSDetermination
Contrib By Controlling Individual	false	ContribByControllingIndividual
Contribution By Related Party	false	ContributionByRelatedParty
Contrib By35 Controlled Entity	false	ContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation (7 entries)

EINEIN	Type Of OrganizationTypeOfOrganization	Listed In Governing DocListedInGoverningDoc	Supported Organization NotifiedSupportedOrganizationNotified	Organized In USOrganizedInUS	AmountAmount
ROCKETSHIP EDUCATION
204040597	2	true	true	true	$0
ROCKETSHIP TWO ELEMENTARY SCHOOL
264265786	2	false	true	true	$0
ROCKETSHIP THREE ELEMENTARY SCHOOL
270886530	2	false	true	true	$0
ROCKETSHIP FOUR ELEMENTARY
272833994	2	false	true	true	$0
ROCKETSHIP FIVE ELEMENTATY
272834024	2	false	true	true	$0
ROCKETSHIP SIX ELEMENTARY
452649820	2	false	true	true	$0
ROCKETSHIP SEVEN ELEMENTARY
453127299	2	false	true	true	$0

Field	Value	IRS element (for citing)
Total Number Of Supported Orgs	7	TotalNumberOfSupportedOrgs

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	8896265	OtherCostOrOtherBasis
Book Value	8896265	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	36394277	OtherCostOrOtherBasis
Depreciation	3351381	Depreciation
Book Value	33042896	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	409869	OtherCostOrOtherBasis
Depreciation	137356	Depreciation
Book Value	272513	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1747427	OtherCostOrOtherBasis
Depreciation	116507	Depreciation
Book Value	1630920	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	43842594	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
SECURITY DEPOSITS	$1,350,000
DEFERRED RENT LIABILITY	$164,972

Field	Value	IRS element (for citing)
Total Of Amounts	1514972	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	5541429	TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities	25000	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	25000	RevenueNotRptdF990
Revenue Subtotal	5516429	RevenueSubtotal
Total Revenue Per Form990	5516429	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	5298389	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	25000	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	25000	ExpensesNotRptdF990
Expenses Subtotal	5273389	ExpensesSubtotal
Total Expenses Per Form990	5273389	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	LIABILITY UNDER FIN 48 FOOTNOTE	Identifier
Return Reference	SCHEDULE D, PAGE 3, PART X	ReturnReference
Explanation	LAUNCHPAD 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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	ANDREW STERN	NamePerson
Title	RSED CBOBOARD CHAIR	Title
Comp Based On Related Orgs	189361	CompBasedOnRelatedOrgs
Deferred Comp Related Orgs	1031	DeferredCompRelatedOrgs
Nontaxable Benefits Related Orgs	22203	NontaxableBenefitsRelatedOrgs
Total Compensation Related Orgs	212595	TotalCompensationRelatedOrgs

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)

Bond ReferenceBondReferenceCd	Business Name Line2IssuerName/BusinessNameLine2	Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
CALIFORNIA STATEWIDE COMMUNITIES
A	DEVELOPMENT AUTHORITY	680164610	130790AQI	2011-09-08	9600000	SEE PT VI	false	false	false
CA MUNICIPAL FINANCE AUTHORITY
B			13048DAA6	2012-09-25	9105000	SEE PT VI	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceeds	Amount In Reserve FundAmountInReserveFund	Capitalized InterestCapitalizedInterest	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A	9600000	893825	800133	192000	7714042	2012	false	false	true	true
B	9105000	685608	105738	182100	8131554	2013	false	false	true	true

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest	Change In Use Bond Financed PropChangeInUseBondFinancedProp	Remedial Action TakenRemedialActionTaken	Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs
A	false	false	false	false	false	false	false	false
B	false	false	false	false	false	false	false	false

Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiled	Rebate Not Due YetRebateNotDueYet	Exception To RebateExceptionToRebate	No Rebate DueNoRebateDue	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Written Proc To Monitor ReqsWrittenProcToMonitorReqs
A	false	false	false	false	false	false	false	false	false
B	false	false	false	false	false	false	false	false	false

Form990 Schedule K Part V Form990ScheduleKPartV

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Proc To Undertk Corrective Action	false	ProcToUndertkCorrectiveAction

Form990 Schedule K Part VI Form990ScheduleKPartVI

Field	Value	IRS element (for citing)
Identifier	ADDITIONAL INFORMATION	Identifier
Return Reference	SCHEDULE K	ReturnReference
Explanation	CALIFORNIA 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	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DOCUMENTATION BY COMMITTEE	FORM 990, PAGE 6, PART VI, LINE 8B	THERE ARE NO COMMITTEES DELEGATED BY THE BOARD.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE ORGANIZATION'S BUSINESS COMMITTEE OVERSEES THE PREPARATION OF THE INFORMATION NEEDED TO PREPARE THE 990 AND REVIEW THE FORM 990; THE ORGANIZATION'S FULL BOARD WILL APPROVE IT BEFORE IT IS SUBMITTED TO THE IRS.
ENFORCEMENT OF CONFLICTS POLICY	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 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.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	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 AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (14 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Total IncomeTotalIncome	EOY AssetsEOYAssets	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Direct Controlling Entity NADirectControllingEntityNA
LAUNCHPAD DEVELOPMENT ONE LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	263434757	SCHOOL FAC	CA	899918	4964771	NA
LAUNCHPAD DEVELOPMENT TWO LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	263434819	SCHOOL FAC	CA	919645	6983441	NA
LAUNCHPAD DEVELOPMENT THREE LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	263435079	SCHOOL FAC	CA	923713	6910213	NA
LAUNCHPAD DEVELOPMENT FOUR LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	CA	1012653	9685671	NA
LAUNCHPAD DEVELOPMENT FIVE LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	275083413	SCHOOL FAC	CA	661741	9650838	NA
LAUNCHPAD DEVELOPMENT SIX LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	452649820	SCHOOL FAC	CA	250000	738248	NA
LAUNCHPAD DEVELOPMENT SEVEN LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	453122729	SCHOOL FAC	CA	244336		NA
LAUNCHPAD DEVELOPMENT EIGHT LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	453127406	SCHOOL FAC	CA	598172	9115816	NA
LAUNCHPAD DEVELOPMENT NINE LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	CA		1016362	NA
LAUNCHPAD DEVELOPMENT TEN LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	CA		39179	NA
LAUNCHPAD DEVELOPMENT ELEVEN LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	CA		642510	NA
LAUNCHPAD DEVELOPMENT TWELVE LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	CA		313179	NA
LAUNCHPAD DVPMT MILWAUKEE ONE LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	WI			NA
LAUNCHPAD DEVELOPMENT THIRTEEN LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	271813337	SCHOOL FAC	CA		2665		N/A

Form990 Schedule R Part II Form990ScheduleRPartII (7 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Controlled OrgControlledOrg
ROCKETSHIP EDUCATION
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	204040597	CHARTER SC	CA	501C3	2	NA	false
ROCKETSHIP TWO ELEMENTARY SCHOOL
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	264265786	CHARTER SC	CA	501C3	2	NA	false
ROCKETSHIP THREE ELEMENTARY SCHOOL
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	270886530	CHARTER SC	CA	501C3	2	NA	false
ROCKETSHIP FOUR ELEMENTARY
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	272833994	CHARTER SC	CA	501C3	2	NA	false
ROCKETSHIP FIVE ELEMENTARY
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	272834024	CHARTER SC	CA	501C3	2	NA	false
ROCKETSHIP SIX ELEMENTARY
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	452649820	CHARTER SC	CA	501C3	2	NA	false
ROCKETSHIP SEVEN ELEMENTARY
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	453127299	CHARTER SC	CA	501C3	2	NA	false

Form990 Schedule R Part III Form990ScheduleRPartIII (12 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Disproportionate AllocationsDisproportionateAllocations	General Or Managing PartnerGeneralOrManagingPartner	Percentage OwnershipPercentageOwnership
LAUNCHPAD ADMINISTRATIVE MEMBER LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	352415766	NMTC STRUC	DE	NA	false	true	0.99000
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 LL
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	383844885	NMTC STRUC	DE	NA	false	true	0.99000
LAUNCHPAD ADMINISTRATIVE MEMBER LLC
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	352415766	NMTC STRUC	DE	NA	false	true	0.99000
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 LL
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	383844885	NMTC STRUC	DE	NA	false	true	0.99000

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Type Of EntityTypeOfEntity	Controlled OrgControlledOrg
ROCKETSHIP EIGHT ELEMENTARY
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	453127406	CHARTER SC	CA	ROCKETSHIP	C CORP	false
ROCKETSHIP EIGHT ELEMENTARY
350 TWIN DOLPHIN DRIVE 109	REDWOOD CITY	CA	94065	453127406	CHARTER SC	CA	ROCKETSHIP	C CORP	false

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	true	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	false	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	true	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	true	PerformOfServicesByOtherOrgs
Sharing Of Facilities	true	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg