ROCKETSHIP EDUCATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
ROCKETSHIP EDUCATION (EIN 20-4040597)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-05-13
IRS object ID
201331339349303123
Schema version
2011v1.2
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)
Timestamp2013-05-13T13:42:45-05:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN952242818EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1VICENTI LLOYD & STUTZMAN LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12210 E ROUTE 66 SUITE 100AddressLine1
CityGLENDORACity
StateCAState
ZIP Code91740ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN204040597EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIP EDUCATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlROCKNameControl
Phone8778060920Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE NO 109AddressLine1
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameANDREW STERNName
TitleCFOTitle
Phone8778060920Phone
Date Signed2013-05-08DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameWADE MCMULLENName
PTINP00541671PTIN
Phone6268577300Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Name Of Principal Officer PersonANDREW STERNNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE SUITE 109AddressLine1
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode
FieldValueIRS element (for citing)
Gross Receipts13092650GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.RSED.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2006YearFormation
State Legal DomicileCAStateLegalDomicile
Activity Or Mission DescriptionFOUNDED IN 2006, ROCKETSHIP EDUCATION (WWW.RSED.ORG), A NON-PROFIT CORPORATION, IS BUILDING A NATIONAL NETWORK OF HIGH PERFORMING URBAN COLLEGE PREPARATORY 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 SERVES APPROXIMATELY 550 STUDENTS, WITH A CLEAR AND SIMPLE GOAL: THAT ITS STUDENTS ACHIEVE GRADE LEVEL PROFICIENCY BY THE TIME THEY GRADUATE FROM ELEMENTARY SCHOOL. ROCKETSHIP HAS PIONEERED A TRANSFORMATIVE EDUCATION MODEL - THE HYBRID SCHOOL PLATFORM - THAT COMBINES TRADITIONAL CLASSROOM TEACHING TO ENHANCE AND EXTEND STUDENTS' CRITICAL THINKING SKILLS WITH INDIVIDUALIZED INSTRUCTION USING TUTORS AND TECHNOLOGY TO STRENGTHEN STUDENTS' BASIC SKILLS AND TO SERVE THE NEEDS OF EACH AND EVERY CHILD.ActivityOrMissionDescription
Nbr Voting Members Governing Body12NbrVotingMembersGoverningBody
Nbr Independent Voting Members12NbrIndependentVotingMembers
Total Nbr Employees119TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year11260600ContributionsGrantsPriorYear
Contributions Grants Current Year10316214ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1132473ProgramServiceRevenuePriorYear
Program Service Revenue CY2698196ProgramServiceRevenueCY
Investment Income Prior Year33200InvestmentIncomePriorYear
Investment Income Current Year67151InvestmentIncomeCurrentYear
Other Revenue Prior Year12801OtherRevenuePriorYear
Other Revenue Current Year11089OtherRevenueCurrentYear
Total Revenue Prior Year12439074TotalRevenuePriorYear
Total Revenue Current Year13092650TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year44401GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY502546GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year3685024SalariesEtcPriorYear
Salaries Etc Current Year6321166SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year3239105OtherExpensePriorYear
Other Expenses Current Year3739125OtherExpensesCurrentYear
Total Expenses Prior Year6968530TotalExpensesPriorYear
Total Expenses Current Year10562837TotalExpensesCurrentYear
Revenues Less Expenses Prior Year5470544RevenuesLessExpensesPriorYear
Revenues Less Expenses CY2529813RevenuesLessExpensesCY
Total Assets BOY12221147TotalAssetsBOY
Total Assets EOY12696428TotalAssetsEOY
Total Liabilities BOY5733225TotalLiabilitiesBOY
Total Liabilities EOY3678693TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY6487922NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY9017735NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionROCKETSHIP'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 SERVES APPROXIMATELY 550 STUDENTS, WITH A CLEAR AND SIMPLE GOAL: THAT ITS STUDENTS ACHIEVE GRADE LEVEL PROFICIENCY BY THE TIME THEY GRADUATE FROM ELEMENTARY SCHOOL. ROCKETSHIP HAS PIONEERED A TRANSFORMATIVE EDUCATION MODEL - THE HYBRID SCHOOL PLATFORM - THAT COMBINES TRADITIONAL CLASSROOM TEACHING TO ENHANCE AND EXTEND STUDENTS' CRITICAL THINKING SKILLS WITH INDIVIDUALIZED INSTRUCTION USING TUTORS AND TECHNOLOGY TO STRENGTHEN STUDENTS' BASIC SKILLS AND TO SERVE THE NEEDS OF EACH AND EVERY CHILD.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense8721303Expense
Grants502546Grants
Revenue2709285Revenue
DescriptionROCKETSHIP EDUCATION (RSED), A CHARTER MANAGEMENT ORGANIZATION IN CALIFORNIA, CONSTRUCTED AND OPENED ITS FIRST SCHOOL FACILITIES AND INITIATED PLANS AND DESIGN OF ITS SECOND SCHOOL IN DOWNTOWN SAN JOSE IN THE FALL OF 2008. THE FIRST SCHOOL, ROCKETSHIP MATEO SHEEDY ELEMENTARY (RMS), SERVES GRADES K-5 AND IS LOCATED IN A NEIGHBORHOOD THAT IS APPROXIMATELY 80% FREE AND REDUCED MEAL AND 65% ENGLISH LANGUAGE LEARNERS. ROCKETSHIP'S MISSION IS THAT ALL STUDENTS SHOULD BE AT GRADE LEVEL IN READING, WRITING, AND MATH BY THE TIME THEY LEAVE OUR SCHOOLS IN FIFTH GRADE. THE INITIAL CHARTER FOR RMS WAS APPROVED IN OCTOBER 2007 AND EXPIRED IN JUNE 2010. THE CHARTER WAS RENEWED IN JULY 2010 FOR FIVE YEARS AND WILL EXPIRE ON JUNE 30, 2015. RMS SERVES 450 STUDENTS AT FULL CAPACITY.Description
Total Program Service Expense8721303TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School1School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109689NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees119NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Form8899 Filed0Form8899Filed
Form1098 C Filed0Form1098CFiled
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members12NbrVotingGoverningBodyMembers
Number Independent Voting Members12NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1ANDREW STERNBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number8778060920TelephoneNumber

Address US AddressUS

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

Form990 Part VII Section A Form990PartVIISectionA (23 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
G MARCUS COLE
BOARD PRESIDENT1.00XX000
ALEX TERMAN
MEMBER1.00X000
SHAWN CAROLAN
BOARD TREASURER1.00XX000
ALEX HERNANDEZ
BOARD SECRETARY1.00XX000
FRED FERRER
MEMBER1.00X000
KIM SMITH
MEMBER1.00X000
SEHBA ALI
MEMBER1.00X000
JONATHAN CHADWICK
MEMBER1.00X000
ERIC RESNICK
MEMBER1.00X000
TIM SHEEHY
MEMBER1.00X000
TIM RANZETTA
MEMBER1.00X000
DEBORAH MCGRIFF
MEMBER1.00X000
JEFF WETZLER
MEMBER1.00X000
JOHN ROSENBERG
MEMBER1.00X000
STEVEN FARR
MEMBER1.00X000
RICH BILLINGS
FORMER CFO40.00X139386011463
ANDREW STERN
CFO40.00X000
JOHN DANNER
CO-FOUNDER AND CEO40.00X17000902340
AYLON SAMOUHA
CHIEF SCHOOLS OFFICER40.0020400804603X
PRESTON SMITH
CO-FOUNDER,CAO AND PRESIDENT40.00150882013153X
MARICELA GUERRERO
PRINCIPAL OF RMS40.00115666016347X
CAROLYN DAVIES
DIRECTOR OF OPERATIONS40.0010293809540X
MELISSA MCGONEGLE
REGIONAL DIRECTOR OF SCHOOLS/PRINCIPAL OF RSSP40.00730045000010214X
FieldValueIRS element (for citing)
Total Reportable Comp From Org955893TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs50000TotalReportableCompFrmRltdOrgs
Total Other Compensation67660TotalOtherCompensation
Number Individuals GT100 K6NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
LOG(N) LLC
5863 GREENRIDGE RDCASTRO VALLEYCA94552COMPUTER SERVICES575704
ELITE EDUCATIONAL STAFFING LLC
PO BOX 23001SAN JOSECA95153STAFFING AGENCY219360
LARSON COMMUNICATIONS
1725 PIERCE STREETSAN FRANCISCOCA94115COMMUNICATION SERVICES110000
FieldValueIRS element (for citing)
Number Of Contractors GT100 K3NumberOfContractorsGT100K
Government Grants5743774GovernmentGrants
All Other Contributions4572440AllOtherContributions
Total Contributions10316214TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionSUPPORT SERVICESDescription
Business Code900099BusinessCode
Total Revenue Column2698196TotalRevenueColumn
Related Or Exempt Function Income2698196RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue2698196TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column67151TotalRevenueColumn
Exclusion$67,151ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
FOOD SERVICE SALES90009966336633
UNIFORM SALES90009944564456
FieldValueIRS element (for citing)
Total Other Revenue11089TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column13092650TotalRevenueColumn
Related Or Exempt Function Income2709285RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$67,151ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total502546Total
Program Services502546ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total793218Total
Program Services402408ProgramServices
Management And General390810ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total4609960Total
Program Services4078426ProgramServices
Management And General531534ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total151617Total
Program Services144465ProgramServices
Management And General7152ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total452517Total
Program Services331809ProgramServices
Management And General120708ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total313854Total
Program Services245622ProgramServices
Management And General68232ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total32276Total
Program Services80968ProgramServices
Management And General-48692ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total208874Total
Program Services17449ProgramServices
Management And General191425ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total826610Total
Program Services652574ProgramServices
Management And General174036ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total15735Total
Program Services14655ProgramServices
Management And General1080ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total141964Total
Program Services95915ProgramServices
Management And General46049ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total858512Total
Program Services759193ProgramServices
Management And General99319ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total737179Total
Program Services606666ProgramServices
Management And General130513ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total279781Total
Program Services231919ProgramServices
Management And General47862ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total103684Total
Program Services68480ProgramServices
Management And General35204ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total79633Total
Program Services79633ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1497Total
Program Services1497ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total18113Total
Management And General18113ManagementAndGeneral

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
BOOKS AND SUPPLIES3926763836289048
OTHER MISCELLANEOUS EXP425912345019141

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total10562837Total
Program Services8721303ProgramServices
Management And General1841534ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY4311934BOY
EOY5032808EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY209826BOY
EOY210228EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY1083000BOY
EOY915965EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY2710186BOY
EOY5591408EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY3513614BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY45602BOY
EOY125373EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis67351LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec64357LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY4491BOY
EOY2994EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY316369BOY
EOY316527EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY26125BOY
EOY501125EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY12221147BOY
EOY12696428EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1033225BOY
EOY1028693EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY4700000BOY
EOY2650000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY5733225BOY
EOY3678693EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY4904922BOY
EOY7457902EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1583000BOY
EOY1559833EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY6487922BOY
EOY9017735EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY12221147BOY
EOY12696428EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses2529813ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis67351OtherCostOrOtherBasis
Depreciation64357Depreciation
Book Value2994BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2994TotalOfBookValueLandBuildings
Total Revenue13092650TotalRevenue
Total Expenses10562837TotalExpenses
Excess Or Deficit For Year2529813ExcessOrDeficitForYear
Excess Or Deficit Per FS2529813ExcessOrDeficitPerFS

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X:ReturnReference
ExplanationTHE ORGANIZATION 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 E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy Stmt1NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc1PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media1PolicyPublViaBroadcastMedia
Maint Racial Composition Records1MaintRacialCompositionRecords
Maint Scholarships Records0MaintScholarshipsRecords
Maint Copies Of Brochures Etc1MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations1MaintCopiesOfAllSolicitations
Discriminate Race Students Rights0DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies0DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty0DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships0DiscriminateRaceScholarships
Discriminate Race Educ Policies0DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog0DiscriminateRaceAthleticProg
Discriminate Race Other Acty0DiscriminateRaceOtherActy
Government Financial Aid Received1GovernmentFinancialAidReceived
Government Financial Aid Revoked0GovernmentFinancialAidRevoked
Compliance With Rev Proc75501ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATIONSCHEDULE E, PART I, LINE 3WE INCLUDE THIS INFORMATION IN THE LOTTERY MATERIALS & THE NSLP BID MATERIALS THAT WE PROCESS ANNUALLY.
EXPLANATION OF DOCUMENT RETENTIONSCHEDULE E, PART I, LINE 4ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCESCHEDULE E, PART I, LINE 6AS 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 INCLUDING IDEA FUNDS, FREE AND REDUCED PRICED MEALS, AND CALIFORNIA LOTTERY FUNDS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantMethod Of ValuationMethodOfValuationPurpose Of GrantPurposeOfGrantAmount Of Non Cash AssistanceAmountOfNonCashAssistanceDescription Of Non Cash AssistanceDescriptionOfNonCashAssistance
ROCKETSHIP FOUR ELEMENTARY
350 TWIN DOLPHINS DRIVE NO 109REDWOOD CITYCA94065272833994501 (C) (3)310000FMVEDUCATIONAL SUPPORT
LAUNCHPAD DEVELOPMENT COMPANY
350 TWIN DOLPHINS DRIVE NO 109REDWOOD CITYCA94065271813337501 (C) (3)100000FMVFACILITIES AND STAFF SUPPORT87546OFFICE RENT AND SALARIES FOR FINANCE AND OFFICE STAFF SUPPORTING LDC
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants2TotalNbrOf501C3AndGovtGrants

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments1AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
RICH BILLINGS
1191660202200003615078480150849000
JOHN DANNER
1300090400000000023400172349000
AYLON SAMOUHA
1940080100000004603000208611000
PRESTON SMITH
1301620207200004105090480164035000

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanation
PART I, LINE 3FOR THE CEO, CAO, AND CFO, ROCKETSHIP RECEIVED COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS FROM TWO INDUSTRY SOURCES. THESE SOURCES WERE CONSULTED IN MAKING COMPENSATION DECISIONS THROUGHOUT THE YEAR.
PART I, LINE 7PERFORMANCE BONUSES ARE BASED ON THE EMPLOYEE'S ATTAINMENT OF ESTABLISHED OBJECTIVES TO BE DETERMINED AND AGREED UPON BY THE CEO OR BOARD, AS APPROPRIATE.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION B, LINE 11ROCKETSHIP'S BUSINESS COMMITTEE OVERSAW THE PREPARATION OF THE INFORMATION NEEDED TO PREPARE THE 990 AND THEY WILL REVIEW THE FORM 990; ROCKETSHIP'S FULL BOARD WILL APPROVE IT BEFORE SUBMISSION TO THE IRS.
FORM 990, PART VI, SECTION B, 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 ROCKETSHIP'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, PART VI, SECTION B, LINE 15FOR THE CEO, CAO, AND COO, ROCKETSHIP RECEIVED COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS FROM TWO INDUSTRY SOURCES. THESE SOURCES WERE CONSULTED IN MAKING COMPENSATION DECISIONS THROUGHOUT THE YEAR.
FORM 990, PART VI, SECTION C, LINE 19OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (7 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusDirect Controlling Entity NADirectControllingEntityNAControlled OrgControlledOrg
ROCKETSHIP TWO ELEMENTARY SCHOOL
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065264265786CHARTER SCHOOLCA501(C)(3)LINE 2N/A0
ROCKETSHIP THREE ELEMENTARY SCHOOL
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065270886530CHARTER SCHOOLCA501(C)(3)LINE 2N/A0
ROCKETSHIP FOUR ELEMENTARY
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065272833994CHARTER SCHOOLCA501(C)(3)LINE 2N/A0
ROCKETSHIP FIVE ELEMENTARY
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065272834024CHARTER SCHOOLCA501(C)(3)LINE 2N/A0
LAUNCHPAD DEVELOPMENT COMPANY
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065271813337CHARTER SCHOOL FACILITIES DEVELOPMENTCA501(C)(3)LINE 11A, IN/A0
ROCKETSHIP SIX ELEMENTARY
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065452649820CHARTER SCHOOLCA501(C)(3)LINE 9N/A0
ROCKETSHIP SEVEN ELEMENTARY
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065453127299CHARTER SCHOOLCA501(C)(3)LINE 9N/A0

Form990 Schedule R Part III Form990ScheduleRPartIII (6 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateDirect Controlling Entity NADirectControllingEntityNADisproportionate AllocationsDisproportionateAllocationsGeneral Or Managing PartnerGeneralOrManagingPartner
LAUNCHPAD ADMINISTRATIVE MEMBER LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065352415766NMTC STRUCTUREDEN/A00
LCI SUB-CDE I LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900736017NMTC STRUCTUREDEN/A00
LCI SUB-CDE II LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900736105NMTC STRUCTUREDEN/A00
LCI SUB-CDE IIILLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900735638NMTC STRUCTUREDEN/A00
LCI SUB-CDE IV LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065900736224NMTC STRUCTURECAN/A00
LAUNCHPAD COMMUNITY INITIATIVES LLC
350 TWIN DOLPHIN DRIVE 109REDWOOD CITYCA94065383844885NMTC STRUCTUREDEN/A00

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIP EIGHT ELEMENTARY SCHOOLBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1350 TWIN DOLPHIN DRIVE 109AddressLine1
CityREDWOOD CITYCity
StateCAState
ZIP Code94065ZIPCode
FieldValueIRS element (for citing)
EIN453127406EIN
Primary ActivityCHARTER SCHOOLPrimaryActivity
Legal Domicile StateCALegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1ROCKETSHIP EDUCATIONBusinessNameLine1
FieldValueIRS element (for citing)
Type Of EntityCTypeOfEntity
Percentage Ownership1.00000PercentageOwnership
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org1OtherTransferFromOtherOrg

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