2013-05-13T13:42:45-05:00 2012-06-30 952242818 VICENTI LLOYD & STUTZMAN LLP 2210 E ROUTE 66 SUITE 100 GLENDORA CA 91740 990 2011-07-01 204040597 ROCKETSHIP EDUCATION ROCK 8778060920 350 TWIN DOLPHIN DRIVE NO 109 REDWOOD CITY CA 94065 ANDREW STERN 8778060920 2013-05-08 1 WADE MCMULLEN P00541671 6268577300 2011 2016-02-24 21:20:13Z X ANDREW STERN 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 13092650 0 X WWW.RSED.ORG X 2006 CA FOUNDED 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. 12 12 119 0 0 0 11260600 10316214 1132473 2698196 33200 67151 12801 11089 12439074 13092650 44401 502546 0 0 3685024 6321166 0 0 0 3239105 3739125 6968530 10562837 5470544 2529813 12221147 12696428 5733225 3678693 6487922 9017735 X 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. 0 0 8721303 502546 2709285 ROCKETSHIP 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. 8721303 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 89 0 1 119 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ANDREW STERN 8778060920 350 TWIN DOLPHIN DR 109 REDWOOD CITY CA 94065 G MARCUS COLE 1.00 X X 0 0 0 ALEX TERMAN 1.00 X 0 0 0 SHAWN CAROLAN 1.00 X X 0 0 0 ALEX HERNANDEZ 1.00 X X 0 0 0 FRED FERRER 1.00 X 0 0 0 KIM SMITH 1.00 X 0 0 0 SEHBA ALI 1.00 X 0 0 0 JONATHAN CHADWICK 1.00 X 0 0 0 ERIC RESNICK 1.00 X 0 0 0 TIM SHEEHY 1.00 X 0 0 0 TIM RANZETTA 1.00 X 0 0 0 DEBORAH MCGRIFF 1.00 X 0 0 0 JEFF WETZLER 1.00 X 0 0 0 JOHN ROSENBERG 1.00 X 0 0 0 STEVEN FARR 1.00 X 0 0 0 RICH BILLINGS 40.00 X 139386 0 11463 ANDREW STERN 40.00 X 0 0 0 JOHN DANNER 40.00 X 170009 0 2340 AYLON SAMOUHA 40.00 X 204008 0 4603 PRESTON SMITH 40.00 X 150882 0 13153 MARICELA GUERRERO 40.00 X 115666 0 16347 CAROLYN DAVIES 40.00 X 102938 0 9540 MELISSA MCGONEGLE 40.00 X 73004 50000 10214 955893 50000 67660 6 0 1 0 LOG(N) LLC 5863 GREENRIDGE RD CASTRO VALLEY CA 94552 COMPUTER SERVICES 575704 ELITE EDUCATIONAL STAFFING LLC PO BOX 23001 SAN JOSE CA 95153 STAFFING AGENCY 219360 LARSON COMMUNICATIONS 1725 PIERCE STREET SAN FRANCISCO CA 94115 COMMUNICATION SERVICES 110000 3 5743774 4572440 10316214 SUPPORT SERVICES 900099 2698196 2698196 2698196 67151 67151 FOOD SERVICE SALES 900099 6633 6633 UNIFORM SALES 900099 4456 4456 11089 13092650 2709285 0 67151 502546 502546 793218 402408 390810 4609960 4078426 531534 151617 144465 7152 452517 331809 120708 313854 245622 68232 32276 80968 -48692 208874 17449 191425 826610 652574 174036 15735 14655 1080 141964 95915 46049 858512 759193 99319 737179 606666 130513 279781 231919 47862 103684 68480 35204 79633 79633 1497 1497 18113 18113 BOOKS AND SUPPLIES 392676 383628 9048 OTHER MISCELLANEOUS EXP 42591 23450 19141 10562837 8721303 1841534 0 4311934 5032808 209826 210228 1083000 915965 2710186 5591408 3513614 45602 125373 67351 64357 4491 2994 316369 316527 26125 501125 12221147 12696428 1033225 1028693 4700000 2650000 5733225 3678693 X 4904922 7457902 1583000 1559833 6487922 9017735 12221147 12696428 2529813 0 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67351 64357 2994 2994 13092650 10562837 2529813 2529813 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE 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. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 WE INCLUDE THIS INFORMATION IN THE LOTTERY MATERIALS & THE NSLP BID MATERIALS THAT WE PROCESS ANNUALLY. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, 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 INCLUDING IDEA FUNDS, FREE AND REDUCED PRICED MEALS, AND CALIFORNIA LOTTERY FUNDS. 1 ROCKETSHIP FOUR ELEMENTARY 350 TWIN DOLPHINS DRIVE NO 109 REDWOOD CITY CA 94065 272833994 501 (C) (3) 310000 FMV EDUCATIONAL SUPPORT LAUNCHPAD DEVELOPMENT COMPANY 350 TWIN DOLPHINS DRIVE NO 109 REDWOOD CITY CA 94065 271813337 501 (C) (3) 100000 87546 FMV OFFICE RENT AND SALARIES FOR FINANCE AND OFFICE STAFF SUPPORTING LDC FACILITIES AND STAFF SUPPORT 2 X 0 0 0 0 0 0 0 1 0 RICH BILLINGS 119166 0 20220 0 0 0 3615 0 7848 0 150849 0 0 0 JOHN DANNER 130009 0 40000 0 0 0 0 0 2340 0 172349 0 0 0 AYLON SAMOUHA 194008 0 10000 0 0 0 4603 0 0 0 208611 0 0 0 PRESTON SMITH 130162 0 20720 0 0 0 4105 0 9048 0 164035 0 0 0 PART I, LINE 3 FOR 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 7 PERFORMANCE BONUSES ARE BASED ON THE EMPLOYEE'S ATTAINMENT OF ESTABLISHED OBJECTIVES TO BE DETERMINED AND AGREED UPON BY THE CEO OR BOARD, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 11 ROCKETSHIP'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 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, 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 15 FOR 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 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. ROCKETSHIP TWO ELEMENTARY SCHOOL 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 264265786 CHARTER SCHOOL CA 501(C)(3) LINE 2 N/A 0 ROCKETSHIP THREE ELEMENTARY SCHOOL 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 270886530 CHARTER SCHOOL CA 501(C)(3) LINE 2 N/A 0 ROCKETSHIP FOUR ELEMENTARY 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 272833994 CHARTER SCHOOL CA 501(C)(3) LINE 2 N/A 0 ROCKETSHIP FIVE ELEMENTARY 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 272834024 CHARTER SCHOOL CA 501(C)(3) LINE 2 N/A 0 LAUNCHPAD DEVELOPMENT COMPANY 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 271813337 CHARTER SCHOOL FACILITIES DEVELOPMENT CA 501(C)(3) LINE 11A, I N/A 0 ROCKETSHIP SIX ELEMENTARY 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 452649820 CHARTER SCHOOL CA 501(C)(3) LINE 9 N/A 0 ROCKETSHIP SEVEN ELEMENTARY 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 453127299 CHARTER SCHOOL CA 501(C)(3) LINE 9 N/A 0 LAUNCHPAD ADMINISTRATIVE MEMBER LLC 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 352415766 NMTC STRUCTURE DE N/A 0 0 LCI SUB-CDE I LLC 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 900736017 NMTC STRUCTURE DE N/A 0 0 LCI SUB-CDE II LLC 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 900736105 NMTC STRUCTURE DE N/A 0 0 LCI SUB-CDE IIILLC 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 900735638 NMTC STRUCTURE DE N/A 0 0 LCI SUB-CDE IV LLC 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 900736224 NMTC STRUCTURE CA N/A 0 0 LAUNCHPAD COMMUNITY INITIATIVES LLC 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 383844885 NMTC STRUCTURE DE N/A 0 0 ROCKETSHIP EIGHT ELEMENTARY SCHOOL 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 453127406 CHARTER SCHOOL CA ROCKETSHIP EDUCATION C 1.00000 0 1 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 1