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Nonprofiteer
← ROCKET PHONICS FOUNDATION INC

Form 990-EZ for tax year 2024

Filed by ROCKET PHONICS FOUNDATION INC.

Totals

Total revenue
$72,603
Total expenses
$109,039
Contributions and grants received
$70,306
Grants paid
$1,600
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
$2,297
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$49,352
Total liabilities, end of year
$1,866
Net assets or fund balances, end of year
$47,486
Program service expenses (Part III)
$91,906

Program services were 84.3% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

Tutor children who are below grade-level in reading, to get them to be at grade-level or beyond.

  • Fall Program-use F.A.S.T. test to identify children who are below grade-level in reading and set them up with a tutor. 266 children were tutored.

    Expenses $36,762

  • Winter Program-a mid-year F.A.S.T. test is administered and children who are reading below grade-level are enrolled in our free tutoring program. 304 children were tutored privately.

    Expenses $41,358

  • Summer Program-Reading Challenge program is available to children during the summer school session. We tutor and read with the children. 101 children participated in this program.

    Expenses $13,786

As filed on the 2024 return.

Listed in Part IV

  • William Bill Nease

    Community Liason

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    5

  • Stephen Guffanti

    CEO, Secretary & Treasurer

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    80

  • Martha L Mahoney

    President

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    15

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
18 February 2025
IRS schema version
2024v5.0
Source object
202520509349200112

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