Civic Intelligence

Launchpad Development Five LLC

990 • Fiscal year 2016 • EIN 27-5083413

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 19, 2016

Organization ProfileN/A
350 Twin Dolphin Drive 109Redwood City, CA 94065

(877) 806-0920

Siviq Scores

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

Liabilities / Assets

94th percentile

1.26x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

10.39x

Higher debt load relative to revenue than 72% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Net Margin

54th percentile

16%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$282,881

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2016

Asset Growth

22nd percentile

-4.2%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$8,110,867

Down $355,488 (-4.2%) from 2015

Net Assets

Down

-$2,068,528

Down $397,496 (-24%) from 2015

Liabilities

Up

$10,179,395

Up $42,008 (+0.4%) from 2015

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin54th percentile

Revenue

Up

$979,386

Up $124,723 (+15%) from 2015

Expenses

Down

$826,882

Down $435 (-0.1%) from 2015

Net Income

Up

$152,504

Up $125,158 (+458%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $10,162,804Liabilities 2012: $10,289,433Net Assets 2012: -$126,6292012Assets 2013: $9,650,838Liabilities 2013: $10,276,332Net Assets 2013: -$625,4942013Assets 2014: $9,574,967Liabilities 2014: $10,298,145Net Assets 2014: -$723,1782014Assets 2015: $8,466,355Liabilities 2015: $10,137,387Net Assets 2015: -$1,671,0322015Assets 2016: $8,110,867Liabilities 2016: $10,179,395Net Assets 2016: -$2,068,5282016Assets 2017: $8,114,814Liabilities 2017: $10,245,515Net Assets 2017: -$2,130,7012017Assets 2018: $8,234,424Liabilities 2018: $8,429,199Net Assets 2018: -$194,7752018Assets 2019: $8,764,800Liabilities 2019: $8,503,443Net Assets 2019: $261,3572019Assets 2020: $8,384,491Liabilities 2020: $11,289,736Net Assets 2020: -$2,905,2452020Assets 2021: $8,071,814Liabilities 2021: $11,373,547Net Assets 2021: -$3,301,7332021Assets 2022: $7,944,175Liabilities 2022: $11,276,201Net Assets 2022: -$3,332,0262022Assets 2023: $7,932,512Liabilities 2023: $10,722,141Net Assets 2023: -$2,789,6292023Assets 2024: $7,950,615Liabilities 2024: $10,656,068Net Assets 2024: -$2,705,4532024

Highlighted filing

2016

Assets$8,110,867
Liabilities$10,179,395
Net Assets-$2,068,528
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $764,2862012Expenses 2013: $860,6062013Revenue 2014: $1,004,982Expenses 2014: $902,666Net Income 2014: $102,3162014Revenue 2015: $854,663Expenses 2015: $827,317Net Income 2015: $27,3462015Revenue 2016: $979,386Expenses 2016: $826,882Net Income 2016: $152,5042016Revenue 2017: $821,476Expenses 2017: $883,649Net Income 2017: -$62,1732017Revenue 2018: $2,198,589Expenses 2018: $262,663Net Income 2018: $1,935,9262018Revenue 2019: $702,628Expenses 2019: $246,496Net Income 2019: $456,1322019Revenue 2020: $767,147Expenses 2020: $795,202Net Income 2020: -$28,0552020Revenue 2021: $746,991Expenses 2021: $793,572Net Income 2021: -$46,5812021Revenue 2022: $747,814Expenses 2022: $778,107Net Income 2022: -$30,2932022Revenue 2023: $1,297,142Expenses 2023: $754,745Net Income 2023: $542,3972023Revenue 2024: $686,231Expenses 2024: $602,055Net Income 2024: $84,1762024

Highlighted filing

2016

Revenue$979,386
Expenses$826,882
Net Income$152,504
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 19, 2016
Return Version
2015v3.0
Gross Receipts
$979,386
Mission and Program Overview

Mission

To construct, hold, and manage the facility used in the school operations of rocketship five elementary school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,920,286$7,710,623▼ $209,663
Cash and Non-Interest-Bearing Accounts$541,801$395,906▼ $145,895
Prepaid Expenses and Deferred Charges$4,268$4,313▲ $45
Accounts Receivable-$25-
Total Assets$8,466,355$8,110,867▼ $355,488
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,975,000$9,975,000→ $0
Other Liabilities$100,000$100,000→ $0
Deferred Revenue-$54,199-
Accounts Payable and Accrued Expenses$62,387$50,196▼ $12,191
Total Liabilities$10,137,387$10,179,395▲ $42,008
Net Assets / Fund Balance
Unrestricted Net Assets$-1,671,032$-2,068,528▼ $397,496
Total Net Assets Fund Balance$-1,671,032$-2,068,528▼ $397,496
Total Liabilities and Net Assets / Fund Balance$8,466,355$8,110,867▼ $355,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,587,741$891,478$6,479,219
Land$2,109,506-$2,109,506
Equipment$13,376$86,941$100,317
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Andrew SternBoard Chair
Cam TurnerMember Ldc
Jeffrey WinakerMember Ldc
Ron DuncansonMember Ldc
Tadd MillerMember Ldc
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$979,386
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$152,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$826,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$602,053--$602,053
Depreciation Depletion$209,665--$209,665
Insurance$10,718--$10,718
Occupancy$4,025--$4,025
Fees for Services Legal$219--$219
Office Expenses$192--$192
Fees for Services Accounting$10--$10
Total Functional Expenses$826,882$0$0$826,882
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Launchpad development company, a california non-profit organization under internal revenue code section 501(c)(3), is a single member of launchpad development five llc.”

Form 990, Page 6, Part VI, Line 8B

“There are no committees delegated by the board.”

Form 990, Page 6, Part VI, Line 11B

“The member organization's board oversees the preparation of the information needed to prepare the 990 and review the form 990; the member organization's full board will approve it before it is submitted to the irs.”

Form 990, Page 6, Part VI, Line 12C

“All designated employees must file conflict of interest disclsoure by april 1st of each year. Conflicts are reviewed and determined by board of directors.”

Form 990, Page 6, Part VI, Line 19

“Our governing documents, conflict of interest policy, and board financial reports are available upon request. Our annual audited financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Launchpad Development Five LLC
EIN
27-5083413
Phone
8778060920
Address
350 TWIN DOLPHIN DRIVE 109, REDWOOD CITY, CA 94065

Signing Officer

Name
Andrew Stern
Title
Board Chair
Phone
8778060920
Signed
2016-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Stern
Formed
2009
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Distribution to launchpad development company -550,000 total -550,000”

Financial Statement Notes

Schedule D, Page 3, Part X

“Launchpad development company and its affiliates 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.”

Raw XML Appendix380 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt062387
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt050196
IRS990/AccountsReceivableGrp/EOYAmt025
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO CONSTRUCT, HOLD, AND MANAGE THE FACILITY USED IN THE SCHOOL OPERATIONS OF ROCKETSHIP FIVE ELEMENTARY SCHOOL.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ANDREW STERN
IRS990/BooksInCareOfDetail/PhoneNum08778060920
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0350 TWIN DOLPHIN DRIVE STE 109
IRS990/BooksInCareOfDetail/USAddress/CityNm0REDWOOD CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094065
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0541801
IRS990/CashNonInterestBearingGrp/EOYAmt0395906
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0826882
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0979386
IRS990/CYRevenuesLessExpensesAmt0152504
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0826882
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0979386
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt054199
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0209665
IRS990/DepreciationDepletionGrp/TotalAmt0209665
IRS990/Desc0TO CONSTRUCT, HOLD, AND MANAGE THE FACILITY USED IN THE SCHOOL OPERATIONS OF ROCKETSHIP FIVE ELEMENTARY SCHOOL.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0826882
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010
IRS990/FeesForServicesAccountingGrp/TotalAmt010
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0219
IRS990/FeesForServicesLegalGrp/TotalAmt0219
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt021096
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ANDREW STERN
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY WINAKER
IRS990/Form990PartVIISectionAGrp/PersonNm2CAM TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm3TADD MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm4RON DUNCANSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0261785
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER LDC
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER LDC
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER LDC
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER LDC
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0979386
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt010718
IRS990/InsuranceGrp/TotalAmt010718
IRS990/InterestGrp/ProgramServicesAmt0602053
IRS990/InterestGrp/TotalAmt0602053
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0978419
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07920286
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07710623
IRS990/LandBldgEquipCostOrOtherBssAmt08689042
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO CONSTRUCT, HOLD, AND MANAGE THE FACILITY USED IN THE SCHOOL OPERATIONS OF ROCKETSHIP FIVE ELEMENTARY SCHOOL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09975000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09975000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1671032
IRS990/NetAssetsOrFundBalancesEOYAmt0-2068528
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt04025
IRS990/OccupancyGrp/TotalAmt04025
IRS990/OfficeExpensesGrp/ProgramServicesAmt0192
IRS990/OfficeExpensesGrp/TotalAmt0192
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-550000
IRS990/OtherLiabilitiesGrp/BOYAmt0100000
IRS990/OtherLiabilitiesGrp/EOYAmt0100000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04268
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04313
IRS990/PrincipalOfficerNm0ANDREW STERN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FACILITY FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0979386
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0979386
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt0827317
IRS990/PYProgramServiceRevenueAmt0854663
IRS990/PYRevenuesLessExpensesAmt027346
IRS990/PYTotalExpensesAmt0827317
IRS990/PYTotalRevenueAmt0854663
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0152504
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0979386
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05587741
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0891478
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06479219
IRS990ScheduleD/EquipmentGrp/BookValueAmt013376
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086941
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0100317
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02109506
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02109506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAUNCHPAD DEVELOPMENT COMPANY AND ITS AFFILIATES 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07710623
IRS990ScheduleD/TotalLiabilityAmt0100000
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0261785
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt02500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018596
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW STERN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0282881
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAUNCHPAD DEVELOPMENT COMPANY, A CALIFORNIA NON-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), IS A SINGLE MEMBER OF LAUNCHPAD DEVELOPMENT FIVE LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES DELEGATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER ORGANIZATION'S BOARD OVERSEES THE PREPARATION OF THE INFORMATION NEEDED TO PREPARE THE 990 AND REVIEW THE FORM 990; THE MEMBER ORGANIZATION'S FULL BOARD WILL APPROVE IT BEFORE IT IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DESIGNATED EMPLOYEES MUST FILE CONFLICT OF INTEREST DISCLSOURE BY APRIL 1ST OF EACH YEAR. CONFLICTS ARE REVIEWED AND DETERMINED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DISTRIBUTION TO LAUNCHPAD DEVELOPMENT COMPANY -550,000 TOTAL -550,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ROCKETSHIP EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ROCKETSHIP SIX ELEMENTARY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ROCLETSHIP EDUCATION WISCONSIN INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3LAUNCHPAD DEVELOPMENT COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4ROCKETSHIP EDUCATION DC PUBLIC CHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204040597
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1452649820
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2453127299
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3271813337
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4473468345
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1CHARTER SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2CHARTER SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3CHARTER SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4CHARTER SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt22
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt311A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt42
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt4350 TWIN DOLPHIN DRIVE 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4REDWOOD CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd194065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd294065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd394065
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd494065
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08466355
IRS990/TotalAssetsEOYAmt08110867
IRS990/TotalAssetsGrp/BOYAmt08466355
IRS990/TotalAssetsGrp/EOYAmt08110867
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0826882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0826882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010137387
IRS990/TotalLiabilitiesEOYAmt010179395
IRS990/TotalLiabilitiesGrp/BOYAmt010137387
IRS990/TotalLiabilitiesGrp/EOYAmt010179395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1671032
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2068528
IRS990/TotalOtherCompensationAmt021096
IRS990/TotalProgramServiceExpensesAmt0826882
IRS990/TotalProgramServiceRevenueAmt0979386
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0979386
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0979386
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08466355
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08110867
IRS990/TotReportableCompRltdOrgAmt0261785
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1671032
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-2068528
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0350 TWIN DOLPHIN DRIVE STE 109
IRS990/USAddress/CityNm0REDWOOD CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094065
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW STERN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08778060920
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUNCHPAD DEVELOPMENT FIVE LLC
ReturnHeader/Filer/BusinessNameControlTxt0LAUN
ReturnHeader/Filer/EIN0275083413
ReturnHeader/Filer/PhoneNum08778060920
ReturnHeader/Filer/USAddress/AddressLine1Txt0350 TWIN DOLPHIN DRIVE 109
ReturnHeader/Filer/USAddress/CityNm0REDWOOD CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094065
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952242818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VICENTI LLOYD & STUTZMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 E ROUTE 66 STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917404676
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE MCMULLEN CPA
ReturnHeader/ReturnTs02017-01-12T15:58:38-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,110,867
Liabilities
$10,179,395
Net assets
-$2,068,528
Revenue
$979,386
Expenses
$826,882
Net income
$152,504
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.95$10.7$2.71$0.69$0.60$0.08
2023Detailed filing. Detailed filing data is available for this year.$7.93$10.7$2.79$1.30$0.75$0.54
2022Detailed filing. Detailed filing data is available for this year.$7.94$11.3$3.33$0.75$0.78$0.03
2021Detailed filing. Detailed filing data is available for this year.$8.07$11.4$3.30$0.75$0.79$0.05
2020Detailed filing. Detailed filing data is available for this year.$8.38$11.3$2.91$0.77$0.80$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.76$8.50$0.26$0.70$0.25$0.46
2018Detailed filing. Detailed filing data is available for this year.$8.23$8.43$0.19$2.20$0.26$1.94
2017Detailed filing. Detailed filing data is available for this year.$8.11$10.2$2.13$0.82$0.88$0.06
2016Detailed filing. Detailed filing data is available for this year.$8.11$10.2$2.07$0.98$0.83$0.15
2015Detailed filing. Detailed filing data is available for this year.$8.47$10.1$1.67$0.85$0.83$0.03
2014Detailed filing. Detailed filing data is available for this year.$9.57$10.3$0.72$1.00$0.90$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.65$10.3$0.63$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$10.3$0.13$0.76