2020-06-18T16:25:22-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2018-07-01 204040597 ROCKETSHIP EDUCATION ROCK 8778060920 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 KEYSHA BAILEY CFO 8778060920 2020-06-18 1 WADE MCMULLEN CPA P00541671 6268577300 2020-05-28 67.137.57.251 2020-06-18 13:50:46 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8AF356D58FF6C99D9FE1D2DF77A2B336D2EB2F48 2018 2021-01-29 14:40:06Z PRESTON SMITH 350 TWIN DOLPHIN DRIVE SUITE 109 REDWOOD CITY CA 94065 109048247 0 X WWW.RSED.ORG X 2006 CA ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS. 13 13 1230 2595 0 0 94892132 104684074 0 0 114195 130759 3751252 4233414 98757579 109048247 671000 0 0 0 51572527 56847666 0 0 281801 42126911 45853339 94370438 102701005 4387141 6347242 43045014 51425468 14028267 16061479 29016747 35363989 X ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS. FOUNDED IN 2006, ROCKETSHIP EDUCATION IS A 501 (C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. THE CORE OF ROCKETSHIP'S INSTRUCTIONAL MODEL IS A TEACHER-LED, TECHNOLOGY SUPPORTED APPROACH TO PERSONALIZED LEARNING THAT MATCHES EACH STUDENT WITH THE RIGHT CONTENT AT THE RIGHT TIME UTILIZING THE RIGHT METHOD OF INSTRUCTION. BY DEEPLY ENGAGING PARENTS IN THEIR STUDENT'S LEARNING AND THE SCHOOL COMMUNITY, ROCKETSHIP DEVELOPS PARENTS WHO BECOME LIFELONG ADVOCATES FOR THEIR CHILDREN AND THEIR COMMUNITY. WORKING ALONGSIDE PARENTS, COMMUNITY ORGANIZATIONS, DISTRICTS, AND OTHER CHARTER SCHOOLS, ROCKETSHIP IS CATALIZING A MOVEMENT TO ELIMINATE THE ACHIEVEMENT GAP IN OUR LIFETIME. 0 0 91335179 4233414 ROCKETSHIP EDUCATION MANAGES, OPERATES, AND PROMOTES A NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING APPROXIMATELY 6,555 STUDENTS IN HIGH NEED COMMUNITIES. ROCKETSHIP EDUCATION DIRECTLY OPERATES SCHOOLS IN CALIFORNIA AND TENNESSEE. 91335179 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 173 0 1 1230 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 CA X KEYSHA BAILEY 8778060920 350 TWIN DOLPHIN DRIVE 109 REDWOOD CITY CA 94065 FRED FERRER BOARD CHAIR 2.00 X X 0 0 0 LOUIS JORDAN TREASURER 2.00 X X 0 0 0 ARRA YERGANIAN SECRETARY 2.00 X X 0 0 0 ALEX TERMAN MEMBER 2.00 X 0 0 0 DEBORAH MCGRIFF MEMBER 2.00 X 0 0 0 GREG STANGER MEMBER 2.00 X 0 0 0 RAYMOND RAVEN MEMBER 2.00 X 0 0 0 RALPH WEBER MEMBER 2.00 X 0 0 0 JOLENE SLOTER MEMBER 2.00 X 0 0 0 DAVID KAVAL MEMBER 2.00 X 0 0 0 JEAN-CLAUDE BRIZARD MEMBER 2.00 X 0 0 0 JUNE NWABARA MEMBER 2.00 X 0 0 0 CHARMAINE DETWEILER MEMBER 2.00 X 0 0 0 JULIA STIGLITZ MEMBER 2.00 X 0 0 0 PRESTON SMITH CEO 40.00 5.00 X 286895 0 18891 KEYSHA BAILEY CFO 40.00 5.00 X 306000 0 8087 YUNGLYNN LIAO CHIEF TALENT OFFICER 40.00 X 228093 0 20754 CHEYE CALVO CHIEF GROWTH & COMMUNITY ENGAGEMENT 40.00 X 219544 0 15773 CHRISTOPHER MURPHY V.P. MARKETING AND COM 40.00 X 188362 0 12194 JOSH DRAKE SENIOR DIRECTOR OF SCHOOLS 40.00 X 164000 0 8580 LAURA KOZEL V.P. CAPITAL FINANCE 40.00 X 177625 0 15128 1570519 0 99407 10 0 1 0 RLCL ACQUISITION LLC DBA GRAY LINE TENN 1307 LEBANON PIKE NASHVILLE TN 37210 BUS SERVICES 887090 REACH INSTITUTE FOR SCHOOL LEADERSHIP 1221 PRESERVATION PARK WAY 100 OAKLAND CA 94612 INTERIM CREDENTIAL PROGRAM 395784 BE GLAD LLC 3141 STEVENS CREAK BLVD SUITE 353 SAN JOSE CA 95117 STAFF TRAINING AND DEVELOPMENT 338286 STRATUS OF NASHVILLE 2123 ANTIOCH PIKE ANTIOCH TN 37013 CUSTODIAL SERVICES 225498 CLIFTONLARSONALLEN LLP 2210 E RTE 66 GLENDORA CA 91740 PROFESSIONAL SERVICES 168876 11 99397368 5286706 104684074 130759 130759 MANAGEMENT FEE 561000 3334142 3334142 LEASE TERMINATION REVENUE 531390 708036 708036 UNIFORM SALES 611710 50435 50435 140801 140801 4233414 109048247 4233414 0 130759 609234 609234 44763993 39568473 5021042 174478 3854441 3782754 71687 5289114 4926541 330814 31759 2330884 2071165 259719 327636 327636 76056 76056 7571188 7410462 118368 42358 251219 251219 1974867 1687016 287851 3311457 2545391 763912 2154 13831170 13759697 69923 1550 1945006 1050318 881284 13404 48696 6139 42557 56901 56901 1344554 1344554 315198 216698 98500 167307 134798 32509 FOOD SERVICES 5059994 5059994 INSTRUCTION MATERIALS 2743909 2534652 199447 9810 OVERSIGHT FEES 1003114 1003114 BAD DEBT EXPENSE 606798 606798 5218269 4629729 582252 6288 102701005 91335179 11084025 281801 20844116 25257138 9235556 11334420 5036410 6573971 2349122 2854010 6730552 1751453 5150515 4979099 429295 426830 43045014 51425468 6381123 8578573 1324670 912295 2254180 2337500 4068294 4233111 14028267 16061479 X 28924363 35363989 92384 0 29016747 35363989 43045014 51425468 6347242 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 90000 0 0 90000 0 5838573 1168937 4669636 891979 582516 309463 4979099 DEFERRED RENT LIABILITY 3951416 ACCRUED INTEREST 281695 4233111 X 109048247 0 109048247 0 109048247 102701005 0 102701005 0 102701005 PART X, LINE 2: 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. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE INCLUDE THIS INFORMATION IN THE LOTTERY MATERIALS & THE NSLP BID MATERIALS THAT WE PROCESS ANNUALLY. SCHEDULE E, PART I, LINE 4 ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR 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. X 0 0 0 0 0 0 0 0 0 PRESTON SMITH CEO 286895 0 0 0 0 0 2500 0 16391 0 305786 0 0 0 KEYSHA BAILEY CFO 306000 0 0 0 0 0 1214 0 6873 0 314087 0 0 0 YUNGLYNN LIAO CHIEF TALENT OFFICER 228093 0 0 0 0 0 2500 0 18254 0 248847 0 0 0 CHEYE CALVO CHIEF GROWTH & COMMUNITY ENGAGEMENT 219544 0 0 0 0 0 2500 0 13273 0 235317 0 0 0 CHRISTOPHER MURPHY V.P. MARKETING AND COM 188362 0 0 0 0 0 2500 0 9694 0 200556 0 0 0 JOSH DRAKE SENIOR DIRECTOR OF SCHOOLS 164000 0 0 0 0 0 1460 0 7120 0 172580 0 0 0 LAURA KOZEL V.P. CAPITAL FINANCE 177625 0 0 0 0 0 3627 0 11501 0 192753 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING 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. FORM 990, PART VI, SECTION B, LINE 15A FOR THE CEO AND CBO 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. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LAUNCHPAD DEVELOPMENT COMPANY 350 TWIN DOLPHIN 109 REDWOOD CITY CA 94065 271813337 SUPPORTING CA 501C3 12A ROCKETSHIP EDUCATION 1 ROCKETSHIP EDUCATION WISCONSIN 350 TWIN DOLPHIN 109 REDWOOD CITY CA 94065 900951861 CHARTER SCHOOL WI 501C3 2 N/A 0 ROCKETSHIP EDUCATION DC PUBLIC 350 TWIN DOLPHIN 109 REDWOOD CITY CA 94065 473468345 CHARTER SCHOOL DC 501C3 2 N/A 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 LAUNCHPAD DEVELOPMENT COMPANY K 15421542 FMV LEASE LAUNCHPAD DEVELOPMENT COMPANY C 625279 DOLLAR VALUE OF GRANT LAUNCHPAD DEVELOPMENT COMPANY L 375000 ESTIMATED VALUE ROCKETSHIP EDUCATION- WISCONSIN L 790752 COST OF MANAGEMENT FEE ROCKETSHIP EDUCATION- DC L 2543390 COST OF MANAGEMENT FEE ROCKETSHIP EDUCATION- WISCONSIN D 1500000 LINE OF CREDIT