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Rocketship Education

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204040597 ✦ Redwood city, CA ✦ Designated as a 501(c)(3)

Overview

What is Rocketship Education?

Rocketship Education is a national non-profit network of public elementary charter schools focusing on serving low-income communities where access to excellent schools is limited. Founded in 2006, it is a 501(c)(3) organization that currently operates and manages approximately 10,000 students' education in California and Tennessee. Rocketship's mission is to eliminate the achievement gap in underserved communities across the country. Their instructional model is teacher-led and technology-supported, delivering personalized learning tailored to each student. By deeply engaging parents in their child's education and the school community, Rocketship creates lifelong advocates. Collaborating with parents, community organizations, districts, and other charter schools, they are catalyzing a movement to bridge the achievement gap. With a workforce of 1,294 employees, Rocketship Education is making a significant impact on education in high-need communities.


Official website here: www.rocketshipschools.org

Is Rocketship Education legitimate?

Rocketship Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocketship Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $431,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,553,900

For more financial information, click here


Official website here: www.rocketshipschools.org

What is the mission statement of Rocketship Education?

Rocketship Education is a national network of public charter schools serving low-income communities with limited access to quality education. Founded in 2006 as a non-profit organization, Rocketship's mission is to eliminate the achievement gap in underprivileged areas across the country. The educational model employed by Rocketship is teacher-led and technology-supported, personalizing learning for each student with appropriate content and instruction methods. By actively engaging parents in their child's education and the school community, Rocketship fosters parents who become lifelong advocates for their children and their community. Collaborating with community organizations, districts, charter schools, and parents, Rocketship is driving a movement to bridge the achievement gap within our lifetime.


Official website here: www.rocketshipschools.org

Who is the CEO of Rocketship Education?

Preston Smith is the Ceo of Rocketship Education. The CEO's salary of Rocketship Education is $293,518 and their total compensation is $308,725.


Official website here: www.rocketshipschools.org

What is the revenue of Rocketship Education?

Rocketship Education's revenue in 2022 was $138,926,108.


Official website here: www.rocketshipschools.org

Who are the executives of Rocketship Education and what are their salaries?

The average compensation at Rocketship Education during 2022 was $50,221. There are 1,294 employees and 345 volunteers at Rocketship Education.

Here are 23 key members and their salaries (Rocketship Education's CEO's salary is $293,518 and their total compensation is $308,725):

    Preston Smith (Ceo)
  • Compensation: $293,518
  • Related: $0
  • Other: $15,207

    • Yunglynn Liao (Chief Talent Officer)
  • Compensation: $250,282
  • Related: $0
  • Other: $21,753

    • Maricela Guerrero (Executive Director)
  • Compensation: $225,274
  • Related: $0
  • Other: $9,500

    • Christopher Murphy (Chief Communications Officer)
  • Compensation: $214,548
  • Related: $0
  • Other: $14,692

    • Carolyn Lynch (Vp Operations)
  • Compensation: $211,222
  • Related: $0
  • Other: $16,113

    • Keysha Bailey (Cfo (Term End 07/21))
  • Compensation: $204,406
  • Related: $0
  • Other: $7,853

    • Josh Drake (Vp Network Advancement)
  • Compensation: $202,932
  • Related: $0
  • Other: $8,412

    • Matthew Shaw (Cfo (Term Start 04/22))
  • Compensation: $60,403
  • Related: $0
  • Other: $0

    • Louis Jordan (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Terman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Stanger (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Mcgriff (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Raven (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ralph Weber (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jolene Sloter (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Fox (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hugo Castaneda (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • June Nwabara (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charmaine Detweiler (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Miller (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Velasco (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malka Borrego (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yolanda Bernal Samano (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rocketshipschools.org

    Where can I find the form 990 for Rocketship Education?

    The Rocketship Education’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rocketshipschools.org

    Learn more at the official website: www.rocketshipschools.org

    Mission Statement of Rocketship Education

    Rocketship Education, a national non-profit network of public elementary charter schools, is dedicated to serving low-income communities with limited access to quality education. Established in 2006, this 501(c)(3) organization's mission is to bridge the achievement gap in underprivileged communities across the country. At the heart of Rocketship Education's instructional model lies a teacher-led, technology-supported approach to personalized learning. With the right content, delivered at the right time, and employing the most effective teaching methods, the organization ensures each student receives a customized educational experience.

    Rocketship Education goes beyond academics by deeply engaging parents in their child's learning and the school community. Through this involvement, parents transform into lifelong advocates for their children and their community. Collaborating with parents, community organizations, districts, and other charter schools, Rocketship Education is catalyzing a movement to eliminate the achievement gap in our lifetime. By working together, Rocketship Education is making a difference in the lives of students and paving the way for a future where every child has access to an excellent education.

    Impact

    This information is meant to be a general summary of Rocketship Education. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Rocketship Education has a significant impact on low-income communities by providing access to excellent public elementary charter schools. Their personalized learning approach, which combines teacher-led instruction with technology support, aims to eliminate the achievement gap in underserved areas. By actively engaging parents in their children's education, Rocketship fosters lifelong advocates who contribute to their community's improvement. Through collaborative efforts with parents, community organizations, districts, and other charter schools, Rocketship is driving a movement towards closing the achievement gap in our lifetime.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $172,161
  • Program Service Revenue: $0
  • Gross Receipts: $138,926,108

    • Assets and Liabilities:
  • Total Assets: $74,996,773
  • Total Liabilities: $22,037,389
  • Net Assets: $52,959,384
  • Organization Details

    Founding Year

    2006

    Principal Officer

    Preston Smith

    Main Address

    350 TWIN DOLPHIN DRIVE 109, REDWOOD CITY, CA, 94065

    NTEE Category

    Code: B29 - Education

    If you are a representative of Rocketship Education and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.