Totals
- Total revenue
- $178,105,036
- Total expenses
- $176,060,565
- Contributions and grants received
- $169,609,170
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,537,397
- Other revenue
- $5,958,469
- Total assets, end of year
- $255,253,955
- Total liabilities, end of year
- $169,777,476
- Net assets or fund balances, end of year
- $85,476,479
- Program services expenses (Part IX)
- $149,056,290
- Management and general expenses
- $26,490,392
- Fundraising expenses
- $513,883
- Program service expenses (Part III)
- $149,056,290
Program services were 84.7% 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.
-
1e · Government grants (contributions)
$161,893,979
-
1f · All other contributions, gifts and grants
$7,715,191
-
1g · Noncash contributions included above
$4,000,000
-
3 · Investment income
total $2,537,397 · excluded $2,537,397
-
11a · Other revenue: MANAGEMENT FEE
total $5,772,244 · related or exempt $5,772,244
-
11b · Other revenue: MISC REVENUE
total $161,534 · related or exempt $161,534
-
11c · Other revenue: UNIFORM SALES
total $24,691 · excluded $24,691
-
11e · Other revenue, total
$5,958,469
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $635,812 · management and general $635,812
-
7 · Other salaries and wages
total $80,564,258 · program services $70,435,700 · management and general $9,727,259 · fundraising $401,299
-
8 · Pension plan contributions
total $7,532,446 · program services $7,101,526 · management and general $425,638 · fundraising $5,282
-
9 · Other employee benefits
total $9,205,497 · program services $8,579,376 · management and general $587,324 · fundraising $38,797
-
10 · Payroll taxes
total $4,234,594 · program services $3,341,945 · management and general $861,849 · fundraising $30,800
-
11b · Fees: legal
total $489,702 · management and general $489,702
-
11c · Fees: accounting
total $257,099 · management and general $257,099
-
11g · Fees: other
total $24,869,839 · program services $20,769,701 · management and general $4,100,138
-
12 · Advertising and promotion
total $235,755 · management and general $235,755
-
13 · Office expenses
total $3,626,148 · program services $2,709,871 · management and general $911,306 · fundraising $4,971
-
14 · Information technology
total $2,611,568 · program services $1,705,768 · management and general $905,800
-
16 · Occupancy
total $16,503,653 · program services $15,826,230 · management and general $677,423
-
17 · Travel
total $3,605,266 · program services $1,865,744 · management and general $1,729,125 · fundraising $10,397
-
19 · Conferences, conventions and meetings
total $5,258 · management and general $5,258
-
20 · Interest
total $26,156 · management and general $26,156
-
21 · Payments to affiliates
total $2,375,991 · program services $2,375,991
-
22 · Depreciation, depletion and amortization
total $765,127 · program services $330,604 · management and general $434,523
-
23 · Insurance
total $795,107 · program services $729,800 · management and general $65,307
-
24a · Other expenses: STUDENT FOOD SERVICES
total $5,483,222 · program services $5,483,222
-
24b · Other expenses: INSTRUCTIONAL MATERIALS
total $3,043,814 · program services $3,043,710 · fundraising $104
-
24c · Other expenses: OVERSIGHT FEES
total $1,285,706 · management and general $1,285,706
-
24d · Other expenses: PRINTING AND POSTAGE
total $237,742 · program services $124,444 · management and general $111,214 · fundraising $2,084
-
24e · All other expenses
total $7,670,805 · program services $4,632,658 · management and general $3,017,998 · fundraising $20,149
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,757,929 · end of year $4,548,681
-
2 · Savings and temporary cash investments
beginning of year $67,836,917 · end of year $66,289,583
-
3 · Pledges and grants receivable
beginning of year $909,333 · end of year $0
-
4 · Accounts receivable
beginning of year $20,494,778 · end of year $22,748,162
-
7 · Other notes and loans receivable
beginning of year $9,995,242 · end of year $5,860,768
-
9 · Prepaid expenses and deferred charges
beginning of year $3,548,077 · end of year $4,089,509
-
10a · Land, buildings and equipment: cost or other basis
$11,867,570
-
10b · Land, buildings and equipment: accumulated depreciation
$5,099,086
-
10c · Land, buildings and equipment, net
beginning of year $5,497,436 · end of year $6,768,484
-
15 · Other assets
beginning of year $151,335,837 · end of year $144,948,768
-
17 · Accounts payable and accrued expenses
beginning of year $9,591,624 · end of year $11,215,657
-
19 · Deferred revenue
beginning of year $20,534,784 · end of year $11,364,603
-
24 · Unsecured notes and loans payable
beginning of year $4,550,000 · end of year $250,000
-
25 · Other liabilities
beginning of year $153,267,133 · end of year $146,947,216
-
27 · Net assets without donor restrictions
beginning of year $82,522,675 · end of year $85,013,825
-
28 · Net assets with donor restrictions
beginning of year $909,333 · end of year $462,654
Mission and programs · 2024
Mission
ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS. FOUNDED IN 2006, ROCKETSHIP EDUCATION IS A 501 (C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE THE ACHIEVEMENT GAP IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. THE CORE OF ROCKETSHIP'S INSTRUCTIONAL MODEL IS A TEACHER-LED, TECHNOLOGY SUPPORTED APPROACH TO PERSONALIZED LEARNING THAT MATCHES EACH STUDENT WITH THE RIGHT CONTENT AT THE RIGHT TIME UTILIZING THE RIGHT METHOD OF INSTRUCTION. BY DEEPLY ENGAGING PARENTS IN THEIR STUDENT'S LEARNING AND THE SCHOOL COMMUNITY, ROCKETSHIP DEVELOPS PARENTS WHO BECOME LIFELONG ADVOCATES FOR THEIR CHILDREN AND THEIR COMMUNITY. WORKING ALONGSIDE PARENTS, COMMUNITY ORGANIZATIONS, DISTRICTS, AND OTHER CHARTER SCHOOLS, ROCKETSHIP IS CATALIZING A MOVEMENT TO ELIMINATE THE ACHIEVEMENT GAP IN OUR LIFETIME.
Activities or mission (Part I)
ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS.
-
ROCKETSHIP EDUCATION MANAGES, OPERATES, AND PROMOTES A NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING APPROXIMATELY 10,000 STUDENTS IN HIGH NEED COMMUNITIES. ROCKETSHIP EDUCATION DIRECTLY OPERATES SCHOOLS IN CALIFORNIA AND TENNESSEE WITH APPROXIMATELY 7,600 STUDENTS.
Expenses $149,056,290 · Revenue $5,933,778
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Preston SmithPRESTON SMITH
CEO
- Total calculated
- $377,475
- From this org
- $317,893
- From related orgs
- $0
- Other
- $59,582
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $317,893
- Bonus
- $0
- Other
- $0
- Deferred
- $23,000
- Nontaxable benefits
- $36,582
- Filer's total
- $377,475
-
Lamar WadeLAMAR WADE
CHIEF PEOPLE OFFICER
- Total calculated
- $344,531
- From this org
- $313,116
- From related orgs
- $0
- Other
- $31,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $313,116
- Bonus
- $0
- Other
- $0
- Deferred
- $23,000
- Nontaxable benefits
- $8,415
- Filer's total
- $344,531
-
Maricela GuerreroMARICELA GUERRERO
EXECUTIVE DIRECTOR, CALIFO
- Total calculated
- $309,867
- From this org
- $225,536
- From related orgs
- $0
- Other
- $84,331
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,536
- Bonus
- $0
- Other
- $0
- Deferred
- $51,282
- Nontaxable benefits
- $33,049
- Filer's total
- $309,867
-
Maria HerediaMARIA HEREDIA
CHIEF LEGAL OFFICER
- Total calculated
- $305,274
- From this org
- $274,824
- From related orgs
- $0
- Other
- $30,450
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $274,824
- Bonus
- $0
- Other
- $0
- Deferred
- $30,450
- Nontaxable benefits
- $0
- Filer's total
- $305,274
-
Benjamin CarsonBENJAMIN CARSON
CFO
- Total calculated
- $288,443
- From this org
- $273,284
- From related orgs
- $0
- Other
- $15,159
- Hours/week
- 40 + 15 related
Schedule J breakdown matched by us
- Base
- $273,284
- Bonus
- $0
- Other
- $0
- Deferred
- $7,746
- Nontaxable benefits
- $7,413
- Filer's total
- $288,443
-
Christopher MurphyCHRISTOPHER MURPHY
CHIEF COMMUNICATIONS OFFIC
- Total calculated
- $276,446
- From this org
- $230,575
- From related orgs
- $0
- Other
- $45,871
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,575
- Bonus
- $0
- Other
- $0
- Deferred
- $23,000
- Nontaxable benefits
- $22,871
- Filer's total
- $276,446
-
Kerry FlanaganKERRY FLANAGAN
NATIONAL CHIEF OF STAFF
- Total calculated
- $249,124
- From this org
- $249,124
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $249,124
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $249,124
-
Louis JordanLOUIS JORDAN
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Greg StangerGREG STANGER
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Alex TermanALEX TERMAN
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Raymond RavenDR RAYMOND RAVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jolene SloterJOLENE SLOTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Charmaine DetweilerCHARMAINE DETWEILER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
-
Deborah McGriffDEBORAH MCGRIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Michael FoxMICHAEL FOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Daniel VelascoDR DANIEL VELASCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Yolanda Bernal SamanoYOLANDA BERNAL SAMANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Malka BorregoMALKA BORREGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie MillerJULIE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hugo CastanedaHUGO CASTANEDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michelle MercadoMICHELLE MERCADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rajen ShethRAJEN SHETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel SanchezDANIEL SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian KilbBRIAN KILB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
April TaylorAPRIL TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
June NwabaraJUNE NWABARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deja GipsonDEJA GIPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tamara PetersonTAMARA PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Derwin SisnettDERWIN SISNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 0.5 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · SUPPORTING · CA · controlled entity
Directly controlled by ROCKETSHIP EDUCATION
-
ROCKETSHIP EDUCATION WISCONSIN
501C3 · CHARTER SCHOOL · WI · controlled entity
Directly controlled by ROCKETSHIP EDUCATION
-
ROCKETSHIP EDUCATION DC PUBLIC
501C3 · CHARTER SCHOOL · DC · controlled entity
Directly controlled by ROCKETSHIP EDUCATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620979349301312
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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