Rocketship Education

Organization Overview

Rocketship Education is located in Redwood City, CA. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Rocketship Education employed 1,172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocketship Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Rocketship Education generated $120.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $108.3m during the year ending 06/2021. While expenses have increased by 6.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 7,960 STUDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rlcl Acquisition Llc
Student Transport
$531,048
Miguel's Landscaping And Maintenance
Landscaping
$200,682
Be Glad Llc
Professional Development & Traning
$183,450
Digicorp Information Systems Llc
Software Web App Development Services
$176,077
Legility Llc
Professional Services
$163,725
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $110,827,244
All other contributions, gifts, grants, and similar amounts not included above$4,580,388
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$115,407,632
Total Program Service Revenue$0
Investment income $162,180
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $120,667,231

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Rocketship Education has recieved totaling $2,876,306.

Awarding OrganizationAmount
City Fund

Beaverton, OR

PURPOSE: OPERATING SUPPORT

$480,000
Kleinheinz Family Foundation For The Arts And Education

Fort Worth, TX

PURPOSE: CASH GRANT TO THE GENERAL FUND

$476,554
Charter Fund Inc

Broomfield, CO

PURPOSE: CHARTER SCHOOL GROWTH

$450,000
Charles And Helen Schwab Foundation

San Francisco, CA

PURPOSE: K-12 EDUCATION

$400,000
Charles And Helen Schwab Foundation

San Francisco, CA

PURPOSE: K-12 EDUCATION

$400,000
Fort Worth Education Partnership Inc

Fort Worth, TX

PURPOSE: EDUCATION MODEL

$227,831
View Grant Recipient Profile

Peer Organizations

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