Civic Intelligence

Rocket Phonics Foundation Inc.

990EZ • Fiscal year 2024 • EIN 84-4543296

Feb 01, 2023 to Jan 31, 2024 • Filed on Mar 05, 2024

Organization Profilewww.rocketphonics.org
7320 Bounty DrSarasota, FL 34231

(541) 903-1332

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

12%

Faster revenue growth than 61% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$83,922

Up $16,802 (+25%) from 2023

Net Assets

Up

$83,922

Up $16,802 (+25%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin67th percentile

Revenue

Up

$125,090

Up $13,758 (+12%) from 2023

Expenses

Up

$108,288

Up $39,501 (+57%) from 2023

Net Income

Down

$16,802

Down $25,743 (-61%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$100K$50K$0Assets 2022: $24,636Net Assets 2022: $24,6362022Assets 2023: $67,120Net Assets 2023: $67,1202023Assets 2024: $83,922Net Assets 2024: $83,9222024Assets 2025: $49,352Liabilities 2025: $1,866Net Assets 2025: $47,4862025

Highlighted filing

2024

Assets$83,922
Liabilities-
Net Assets$83,922
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

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

$150K$100K$50K$0-$50KRevenue 2022: $62,913Expenses 2022: $48,749Net Income 2022: $14,1642022Revenue 2023: $111,332Expenses 2023: $68,787Net Income 2023: $42,5452023Revenue 2024: $125,090Expenses 2024: $108,288Net Income 2024: $16,8022024Revenue 2025: $72,603Expenses 2025: $109,039Net Income 2025: -$36,4362025

Highlighted filing

2024

Revenue$125,090
Expenses$108,288
Net Income$16,802
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2023 to Jan 31, 2024
Signed
Mar 5, 2024
Return Version
2023v4.0
Gross Receipts
$125,090
Mission and Program Overview

Mission

Bring children to grade level reading

To bring children from Pre K - 5th grade to grade-level reading capability

Program Services

DescriptionGrantsExpenses
Fall Program: using the Fall Florida Assessment of Student Thinking (F.A.S.T.) test score, the school / site identifies children who qualify for our program. We commence our volunteer program and test the children who participated at the end of the semester. 260 children were tutored.-$51,760
Winter Program: using the mid-year F.A.S.T. test score, the school / site identifies children who qualify for our program. We start the volunteer program and the children are tested afterwards. 174 children engaged in the program during this semester.-$31,598
Summer Reading Challenge Program: during the summer session when the school / site is open, we offer our phonics program to children who wish to engage. 76 children were impacted.-$17,191
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen GuffantiSec/TreasFT$0--
Melanie GriffithBoard President - OutgoingPT$0--
William NeaseCommunity LiasonPT$0--
Martha MahoneyBoard President - IncomingPT$0--
Filing and Contact Details

Filer

Filer Name
Rocket Phonics Foundation Inc
EIN
84-4543296
Phone
5419031332
Address
7320 Bounty Dr, Sarasota, FL 34231

Signing Officer

Name
Martha Mahoney
Title
Board President
Phone
5419031332
Signed
2024-03-05
Supplemental Narrative

Additional Explanations

Part I, Line 10

“Tuition Scholarship to student entering college for a Primary Education Degree.”

Part I, Line 16

“Phonics Kits = $25892 (Program), Vol Appreciation = $1592 (Program), Children Prizes = $1004 (Program), Fundraising = $4464, Insurance = $1044, Fees = $334, Advertising = $100, M & E = $66”

Raw XML Appendix175 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Winter Program: using the mid-year F.A.S.T. test score, the school / site identifies children who qualify for our program. We start the volunteer program and the children are tested afterwards. 174 children engaged in the program during this semester.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Summer Reading Challenge Program: during the summer session when the school / site is open, we offer our phonics program to children who wish to engage. 76 children were impacted.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt217191
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Tuition Scholarship to student entering college for a Primary Education Degree.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Phonics Kits = $25892 (Program), Vol Appreciation = $1592 (Program), Children Prizes = $1004 (Program), Fundraising = $4464, Insurance = $1044, Fees = $334, Advertising = $100, M & E = $66
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 16
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Martha Mahoney
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum05419031332
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCKET PHONICS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0844543296
ReturnHeader/Filer/PhoneNum05419031332
ReturnHeader/Filer/USAddress/AddressLine1Txt07320 Bounty Dr
ReturnHeader/Filer/USAddress/CityNm0Sarasota
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034231
ReturnHeader/ReturnTs02024-03-05T18:29:47Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-02-01
ReturnHeader/TaxPeriodEndDt02024-01-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$83,922
Liabilities
-
Net assets
$83,922
Revenue
$125,090
Expenses
$108,288
Net income
$16,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.47$0.73$1.09$0.36
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.84$1.25$1.08$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.67$1.11$0.69$0.43
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.25$0.63$0.49$0.14