Totals
- Total revenue
- $1,995,406
- Total expenses
- $404,511
- Contributions and grants received
- $1,993,866
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,355
- Other revenue
- $185
- Total assets, end of year
- $1,905,702
- Total liabilities, end of year
- $9,626
- Net assets or fund balances, end of year
- $1,896,076
- Program services expenses (Part IX)
- $392,361
- Management and general expenses
- $5,648
- Fundraising expenses
- $6,502
- Program service expenses (Part III)
- $392,361
Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,993,866
-
3 · Investment income
total $1,355 · excluded $1,355
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $185 · related or exempt $185
-
11e · Other revenue, total
$185
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $43,350 · program services $34,680 · management and general $2,168 · fundraising $6,502
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $295 · management and general $295
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $295,900 · program services $295,900
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $110 · management and general $110
-
14 · Information technology
total $61,781 · program services $61,781
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $3,075 · management and general $3,075
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $305,081 · end of year $1,904,671
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,031
-
10c · Land, buildings and equipment, net
end of year $1,031
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $9,626
-
27 · Net assets without donor restrictions
beginning of year $305,081 · end of year $1,896,076
Mission and programs · 2022
Mission
We aim to provide equal, inclusive early childhood education access to all children under 6 by giving parents and daycare workers AIM: the awareness, information, and motivation they need to support children's dreams and futures. Through partnerships, mass awareness, and a low-cost artificial intelligence and machine learning solution, we are on a journey to eradicate inequality and ensure all children, regardless of their area of residence or socio- economic status, are ready for school and life.
Activities or mission (Part I)
ROCKET LEARNING'S MISSION IS TO TO ERADICATE THE INEQUALITY FACED BY LOW-INCOME CHILDREN BY SUPPORTING THEIR CAREGIVERS WITH ADEQUATE TOOLS AND SKILLS; TO ENABLE UNIVERSAL HIGH-QUALITY EARLY LEARNING INSTITUTIONS THROUGH RESULTS-BASED SOLUTIONS, CAPABILITY BUILDING AND TECHNOLOGY; TO BUILD A CATALYTIC EXPERT ORGANIZATION IN THE EARLY LEARNING SPACE.
-
Rocket Learning builds vibrant digital communities of parents and teachers to support early childhood education for underprivileged children. We partner with institutions and organizations to deliver age-appropriate, play-based learning content to teachers and parents of pre-schoolers. This group model creates social motivation and peer effects to incentivise teachers and parents to conduct these activities with children and share responses back with the group. Our technology complements this with real-time behavioural nudges and rewards such as personalized report cards and medals that are sent at scale through automation. Our solution has demonstrated learning gains, and is inherently cost-effective and scalable.
Expenses $392,361 · Revenue $185
As filed on the 2022 return.
Listed in Part VII
-
Namya MahajanNAMYA MAHAJAN
Executive Dir.
- Total calculated
- $43,350
- From this org
- $43,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Margo DrakosMARGO DRAKOS
President
- Total calculated
- $0
- Hours/week
- 1
-
Bhavik MuniBHAVIK MUNI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Suneil RaghvanSUNEIL RAGHVAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sanjana PuriSANJANA PURI
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349312182
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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