Civic Intelligence

Rocketship Five Elementary School

990 • Fiscal year 2012 • EIN 27-2834024

Jul 01, 2011 to Jun 30, 2012 • Filed on May 08, 2013

350 Twin Dolphin Drive No 10994065
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$1,846,597

No earlier filing loaded for comparison.

Net Assets

$189,019

No earlier filing loaded for comparison.

Liabilities

$1,657,578

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$3,329,527

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,846,597Liabilities 2012: $1,657,578Net Assets 2012: $189,0192012Assets 2013: $3,056,789Liabilities 2013: $2,455,752Net Assets 2013: $601,0372013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2012

Assets$1,846,597
Liabilities$1,657,578
Net Assets$189,019

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2012: $3,329,5272012Expenses 2013: $4,406,9572013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014

Highlighted filing

2012

Revenue-
Expenses$3,329,527
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 8, 2013
Return Version
2011v1.2
Gross Receipts
$3,576,329
Mission and Program Overview

Mission

Founded in 2006, rocketship education (www.rsed.org), a non-profit corporation, is building a national network of public 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 operates in an academically underserved community, with a clear and simple goal: that its students achieve grade level proficiency by the time they graduate from elementary school. Rocketship focuses on its three pillars to ensure the success of all of its schools: excellent teachers and leaders, personalized learning, and engaged parents. Rocketship has pioneered a transformative instructional model that combines classroom teaching with tutors and technology to meet each student with the right lesson at the right time.

Filing and Contact Details

Filer

EIN
27-2834024
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IRS990/ActivityOrMissionDescription0FOUNDED 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/Description0ROCKETSHIP FIVE ELEMENTARY (RS5) IS A CHARTER SCHOOL IN SAN JOSE. RS5 SERVES GRADES K-5 AND WILL BE LOCATED IN A NEIGHBORHOOD THAT IS APPROXIMATELY 80% FREE AND REDUCED MEAL AND 65% ENGLISH LANGUAGE LEARNERS.RS5'S MISSION IS THAT ALL STUDENTS SHOULD BE AT GRADE LEVEL IN READING, WRITING, AND MATH BY THE TIME THEY LEAVE OUR SCHOOL IN FIFTH GRADE. THE CHARTER FOR RS5 WAS APPROVED BY THE SANTA CLARA COUNTY BOARD OF EDUCATION FOR A 5-YEAR TERM BEGINNING IN THE 2011-12 SCHOOL YEAR AND WILL EXPIRE ON JUNE 30, 2016.
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IRS990/MissionDescription0ROCKETSHIP'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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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ROCKETSHIP FIVE IS A NON-PROFIT ENTITY 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 THIS ENTITY. 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. ROCKETSHIP FIVE FILES ALL APPROPRIATE TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0WE INCLUDE THIS INFORAMTION IN THE LOTTERY MATERIALS AND THE NSLP BID MATERIALS THAT WE PROCESS ANNUALLY.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation2AS 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 OUT STUDENT POPULATION INCLUDING IDEA FUNDS, FREE AND REDUCED PRICED MEALS, AND CALIFORNIA LOTTERY FUNDS.
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IRS990ScheduleO/GeneralExplanation/Explanation0ROCKETSHIP FIVE ELEMENTARY (RS5) IS A CHARTER SCHOOL IN SAN JOSE. RS5 SERVES GRADES K-5 AND WILL BE LOCATED IN A NEIGHBORHOOD THAT IS APPROXIMATELY 80% FREE AND REDUCED MEAL AND 65% ENGLISH LANGUAGE LEARNERS. RS5'S MISSION IS THAT ALL STUDENTS SHOULD BE AT GRADE LEVEL IN READING, WRITING, AND MATH BY THE TIME THEY LEAVE OUR SCHOOL IN FIFTH GRADE. THE CHARTER FOR RS5 WAS APPROVED BY THE SANTA CLARA COUNTY BOARD OF EDUCATION FOR A 5-YEAR TERM BEGINNING IN THE 2011-12 SCHOOL YEAR AND WILL EXPIRE ON JUNE 30, 2016.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION HAS A SERVICE AGREEMENT WITH ROCKETSHIP EDUCATION, A RELATED ENTITY, WHICH PROVIDES OPERATIONAL AND ADMINISTRATIVE SUPPORT TO THE SCHOOL. INLCUDED IN THESE SERVICES PROVIDED ARE DATA, FINANCE, HR, OPERATIONS, RECRUITING AND TECHNOLOGY.
IRS990ScheduleO/GeneralExplanation/Explanation2ROCKETSHIP'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 IT HAS BEEN SUBMITTED TO THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation3ALL 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.
IRS990ScheduleO/GeneralExplanation/Explanation4FOR THE CEO, CAO, AND COO ROCKETSHIP RECEIVED COMPENSATION DATA FOR COMPARABLE ORGANIZATIONS FROM TWO INDUSTRY SOURCES. THESE SOURCES WERE CONSULTED IN MAKING COMPENSATION DECISIONS.
IRS990ScheduleO/GeneralExplanation/Explanation5OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON SCHOOL'S WEBSITE.
IRS990ScheduleO/GeneralExplanation/Explanation6OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE POSTED ON SCHOOL'S WEBSITE.
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IRS990ScheduleR/Form990ScheduleRPartII/EIN1264265786
IRS990ScheduleR/Form990ScheduleRPartII/EIN2270886530
IRS990ScheduleR/Form990ScheduleRPartII/EIN3272833994
IRS990ScheduleR/Form990ScheduleRPartII/EIN4452649820
IRS990ScheduleR/Form990ScheduleRPartII/EIN5453127299
IRS990ScheduleR/Form990ScheduleRPartII/EIN6271813337
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection1501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection2501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection3501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection4501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection5501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection6501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine10350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine11350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine12350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine13350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine14350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/AddressLine15350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City0REDWOOD CITY
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City1REDWOOD CITY
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City2REDWOOD CITY
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City3REDWOOD CITY
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City4REDWOOD CITY
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/City5REDWOOD CITY
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State0CA
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State1CA
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State2CA
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State3CA
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State4CA
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/State5CA
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode094065
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode194065
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode294065
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode394065
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode494065
IRS990ScheduleR/Form990ScheduleRPartIII/AddressUS/ZIPCode594065
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations00
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations10
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations20
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations30
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations40
IRS990ScheduleR/Form990ScheduleRPartIII/DisproportionateAllocations50
IRS990ScheduleR/Form990ScheduleRPartIII/EIN0352415766
IRS990ScheduleR/Form990ScheduleRPartIII/EIN1900736017
IRS990ScheduleR/Form990ScheduleRPartIII/EIN2900736105
IRS990ScheduleR/Form990ScheduleRPartIII/EIN3900735638
IRS990ScheduleR/Form990ScheduleRPartIII/EIN4900736224
IRS990ScheduleR/Form990ScheduleRPartIII/EIN5383844885
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner00
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner10
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner20
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner30
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner40
IRS990ScheduleR/Form990ScheduleRPartIII/GeneralOrManagingPartner50
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState0DE
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState1DE
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState2DE
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState3DE
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState4DE
IRS990ScheduleR/Form990ScheduleRPartIII/LegalDomicileState5DE
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine10LAUNCHPAD ADMINISTRATIVE MEMBER LLC
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine11LCI SUB-CDE I LLC
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine12LCI SUB-CDE II LLC
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine13LCI SUB-CDE III LLC
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine14LCI SUB-CDE IV LLC
IRS990ScheduleR/Form990ScheduleRPartIII/NameOfRelatedOrg/BusinessNameLine15LAUNCHPAD COMMUNITY INITIATIVES LLC
IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity0NMTC STRUCTURE
IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity1NMTC STRUCTURE
IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity2NMTC STRUCTURE
IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity3NMTC STRUCTURE
IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity4NMTC STRUCTURE
IRS990ScheduleR/Form990ScheduleRPartIII/PrimaryActivity5NMTC STRUCTURE
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0CA
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState1CA
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState2CA
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState3CA
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState4CA
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState5CA

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