- Revenue 2025
- $165,679
- Expenses 2025
- $142,033
Program services were 88.5% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B90
- Classification
- 2000
- Street
- 7320 BOUNTY DR
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2025
Primary exempt purpose
Rocket Phonics Foundation assists in closing the reading achievement gap through the use of the Rocket Phonics reading program. We are a nonprofit whose current focus is literacy for 4 to 8-year-olds. For elementary students our objective is to bring a child to grade level or above. By 8 years-old, most children will decide their future based on their ability to read. If they are not reading at grade level, they will have a 50% unemployment rate for their adult life. If one learns how to read at grade level, (s)he will replace a cycle of poverty and abuse with cycles of hope, empowerment and success. Rocket Phonics, a series of reading games, can bring them to grade level in weeks instead of years.
-
Summer Reading Program - RPF runs a reading challenge program during the summer semester. Students voluntarily attend our program to receive free tutoring. Books are given away and students read to win awards. 5 Children were served.
Expenses $25,127
-
Winter Program - using the Winter FLORIDA ASSESSMENT of STUDENT THINKING Test (F.A.S.T.) the school site identifies student who qualify for reading tutoring.We start tutoring in January and stop after April. The school assesses the student's achievement at the end of the semester. 220 children were served.
Expenses $56,537
-
Fall Program - using the Fall FLORIDA ASSESSMENT of STUDENT THINKING Test (F.A.S.T.) the school site identifies student who qualify for reading tutoring.We start tutoring in September and stop before Winter break. The school assesses the student's achievement at the end of the semester. 261 children were served.
Expenses $43,973
As filed on the 2025 return.
Officers and directors · 2025
As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Leslie Chislett
President
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 20
-
Stephen Guffanti
CEO & Secretary of the Board
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 80
-
Martha Mahoney
Treasurer
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 5
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. Earlier years are each on their own filing page.
Filings
-
2025
- Revenue
- $165,679
- Expenses
- $142,033
- Contributions
- $164,733
- Grants paid
- not reported
-
2024
- Revenue
- $72,603
- Expenses
- $109,039
- Contributions
- $70,306
- Grants paid
- $1,600
-
2023
- Revenue
- $125,090
- Expenses
- $108,288
- Contributions
- $122,700
- Grants paid
- $1,250
-
2022
- Revenue
- $111,332
- Expenses
- $68,787
- Contributions
- $111,288
- Grants paid
- not reported
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990-EZ
- Revenue
- $62,913
- Expenses
- $48,749
- Assets (EOY)
- $24,636
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Form 990-N e-Postcard, tax year 2020
- Tax period
- 1 February 2020 to 31 January 2021
- Principal officer
- Stephen Guffanti
- Mailing address
- 7320 Bounty DrSarasota FL 34231
As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2024 For grant recipient's exempt purposes
-
DONOR ADVISED CHARITABLE GIVING
$25,000
2022 EDUCATION
-
2023 GENERAL SUPPORT
-
2023 UNRESTRICTED GENERAL SUPPORT
-
2022 For grant recipient's exempt purposes
-
$10,000
2024 EDUCATION
-
DONOR ADVISED CHARITABLE GIVING
$10,000
2023 EDUCATION
-
2024 EDUCATION
-
2024 EDUCATION
-
$5,000
2023 GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.