Rocketship Education Wisconsin Inc
- Assets
- $2.2m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 82
- Location
- Redwood City, CA
- Founding
- 03/2015
- Data as of
- 06/2021
- EIN
- 90-0951861
Organization Overview
Rocketship Education Wisconsin Inc is located in Redwood City, CA. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Rocketship Education Wisconsin Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocketship Education Wisconsin Inc 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 Wisconsin Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $8.0m during the year ending 06/2021. While expenses have increased by 9.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROCKETSHIP EDUCATION WISCONSIN OPERATES CHARTER SCHOOLS IN LOW-INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCKETSHIP EDUCATION WISCONSIN OPERATES ROCKETSHIP EDUCATION PUBLIC SCHOOLS. THESE SCHOOLS SERVE APPROXIMATELY 690 STUDENTS IN THE MILWAUKEE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kourtney Vang Principal | 40 | $115,668 | |
Ralph Weber Board Chair | OfficerTrustee | 2 | $0 |
Preston Smith CEO | Officer | 5 | $0 |
Keysha Bailey CFO | Officer | 1 | $0 |
Tim Sheehy Member | Trustee | 2 | $0 |
Emily Alwood Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presencelearning Inc Sped Consultants/ Education | 6/29/21 | $239,255 |
Jumpstart Technology It Service | 6/29/21 | $164,959 |
Cooperative Educational Service Agency # Sped Consultants | 6/29/21 | $129,412 |
Milwaukee Center For Independence Student Food Service | 6/29/21 | $412,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,823,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,198,424 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $8,201,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,300,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $845,503 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,141,525 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $544,506 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,012 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,958,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,213 |
| Net Land, buildings, and equipment | $24,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,158,139 |
| Accounts payable and accrued expenses | $265,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,331,662 |
| Total liabilities | $4,597,131 |
| Net assets without donor restrictions | -$2,455,992 |
| Net assets with donor restrictions | $17,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,158,139 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rocketship Education Wisconsin Inc has recieved totaling $6,055.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI PURPOSE: DONOR DESIGNATIONS | $6,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |