Rocketship Education
990 • Fiscal year 2012 • EIN 20-4040597
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Flat$12,696,428
Flat from 2012
Net Assets
Flat$9,017,735
Flat from 2012
Liabilities
Flat$3,678,693
Flat from 2012
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$10,562,837
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- May 8, 2013
- Return Version
- 2011v1.2
- Gross Receipts
- $13,092,650
Mission and Program Overview
Mission
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.
Filing and Contact Details
Filer
- EIN
- 20-4040597
Raw XML AppendixShowing 400 of 839 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDescription | 0 | 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. |
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| IRS990/Description | 0 | 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. |
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| IRS990/MissionDescription | 0 | 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. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 4700000 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 2650000 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | ANDREW STERN |
| IRS990/NbrIndependentVotingMembers | 0 | 12 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 12 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 12 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 6487922 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 9017735 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | 0 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 89 |
| IRS990/NumberIndependentVotingMembers | 0 | 12 |
| IRS990/NumberIndividualsGT100K | 0 | 6 |
| IRS990/NumberOfContractorsGT100K | 0 | 3 |
| IRS990/NumberOfEmployees | 0 | 119 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 130513 |
| IRS990/Occupancy/ProgramServices | 0 | 606666 |
| IRS990/Occupancy/Total | 0 | 737179 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 46049 |
| IRS990/OfficeExpenses/ProgramServices | 0 | 95915 |
| IRS990/OfficeExpenses/Total | 0 | 141964 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 0 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 26125 |
| IRS990/OtherAssetsTotal/EOY | 0 | 501125 |
| IRS990/OtherEmployeeBenefits/ManagementAndGeneral | 0 | 120708 |
| IRS990/OtherEmployeeBenefits/ProgramServices | 0 | 331809 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 452517 |
| IRS990/OtherExpensePriorYear | 0 | 3239105 |
| IRS990/OtherExpensesCurrentYear | 0 | 3739125 |
| IRS990/OtherExpenses/Description | 0 | BOOKS AND SUPPLIES |
| IRS990/OtherExpenses/Description | 1 | OTHER MISCELLANEOUS EXP |
| IRS990/OtherExpenses/ManagementAndGeneral | 0 | 9048 |
| IRS990/OtherExpenses/ManagementAndGeneral | 1 | 19141 |
| IRS990/OtherExpenses/ProgramServices | 0 | 383628 |
| IRS990/OtherExpenses/ProgramServices | 1 | 23450 |
| IRS990/OtherExpenses/Total | 0 | 392676 |
| IRS990/OtherExpenses/Total | 1 | 42591 |
| IRS990/OtherNotesLoansReceivableNet/BOY | 0 | 3513614 |
| IRS990/OtherRevenueCurrentYear | 0 | 11089 |
| IRS990/OtherRevenueMisc/BusinessCode | 0 | 900099 |
| IRS990/OtherRevenueMisc/BusinessCode | 1 | 900099 |
| IRS990/OtherRevenueMisc/Description | 0 | FOOD SERVICE SALES |
| IRS990/OtherRevenueMisc/Description | 1 | UNIFORM SALES |
| IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome | 0 | 6633 |
| IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome | 1 | 4456 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 0 | 6633 |
| IRS990/OtherRevenueMisc/TotalRevenueColumn | 1 | 4456 |
| IRS990/OtherRevenuePriorYear | 0 | 12801 |
| IRS990/OtherSalariesAndWages/ManagementAndGeneral | 0 | 531534 |
| IRS990/OtherSalariesAndWages/ProgramServices | 0 | 4078426 |
| IRS990/OtherSalariesAndWages/Total | 0 | 4609960 |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PayrollTaxes/ManagementAndGeneral | 0 | 68232 |
| IRS990/PayrollTaxes/ProgramServices | 0 | 245622 |
| IRS990/PayrollTaxes/Total | 0 | 313854 |
| IRS990/PensionPlanContributions/ManagementAndGeneral | 0 | 7152 |
| IRS990/PensionPlanContributions/ProgramServices | 0 | 144465 |
| IRS990/PensionPlanContributions/Total | 0 | 151617 |
| IRS990/PledgesAndGrantsReceivable/BOY | 0 | 1083000 |
| IRS990/PledgesAndGrantsReceivable/EOY | 0 | 915965 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 45602 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 125373 |
| IRS990/PriorExcessBenefitTransaction | 0 | 0 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenue/BusinessCode | 0 | 900099 |
| IRS990/ProgramServiceRevenueCY | 0 | 2698196 |
| IRS990/ProgramServiceRevenue/Description | 0 | SUPPORT SERVICES |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 1132473 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 2698196 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 2698196 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | 0 |
| IRS990/ReconcilationRevenueExpenses | 0 | 2529813 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 1 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/ReportFin48Footnote | 0 | 1 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 1 |
| IRS990/ReportOtherAssets | 0 | 0 |
| IRS990/ReportOtherLiabilities | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $12,696,428
- Liabilities
- $3,678,693
- Net assets
- $9,017,735
- Revenue
- -
- Expenses
- $10,562,837
- Net income
- -