2026-04-20T13:15:26-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 901 VIA PIEMONTE SUITE 300 ONTARIO CA 91764 990 2024-07-01 271813337 LAUNCHPAD DEVELOPMENT COMPANY LAUN 8778060920 2001 GATEWAY PLACE 230E SAN JOSE CA 95110 BENJAMIN CARSON EXECUTIVE DIRECTOR 5012587831 2026-04-20 1 1 DERRICK DEBRUYNE P00591016 9099857286 2026-03-28 2024 2025-03-06 01:10:19Z BENJAMIN CARSON 2001 GATEWAY PLACE 230E SAN JOSE CA 95110 20841881 0 X N/A X 2009 CA LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION. 7 7 0 7 0 0 0 0 19668518 19899035 1043725 916168 265982 26678 20978225 20841881 0 0 0 0 0 0 0 0 0 20948509 22236813 20948509 22236813 29716 -1394932 265216358 258633848 275695334 270507756 -10478976 -11873908 LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. 0 0 19910538 0 19899035 LAUNCHPAD DEVELOPMENT COMPANY PROVIDES FACILITIES AND DEVELOPMENT SERVICES FOR ROCKETSHIP EDUCATION. THE ORGANIZATION IS SOLE MEMBER OF TWENTY-FOUR MANAGED LLCS. EACH LLC IS ORGANIZED TO CONSTRUCT, HOLD, AND MANAGE SCHOOL FACILITIES FOR ROCKETSHIP EDUCATION. 19910538 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X BENJAMIN CARSON 8778060920 2001 GATEWAY PLACE STE 230E SAN JOSE CA 95110 BENJAMIN CARSON EXECUTIVE DIRECTOR 5.00 50.00 X 0 273284 15159 TADD MILLER PRESIDENT 0.50 0.00 X X 0 0 0 LAURA KOZEL DIRECTOR 0.50 0.00 X 0 0 0 DERWIN SISNETT DIRECTOR 0.50 2.00 X 0 0 0 ABRAHAM LEE DIRECTOR 0.50 0.00 X 0 0 0 MARCUS GOODWIN DIRECTOR 0.50 0.00 X 0 0 0 CHARMAINE DETWEILER DIRECTOR 0.50 2.00 X 0 0 0 JEFFREY WINAKER DIRECTOR 0.50 0.00 X 0 0 0 0 273284 15159 0 0 1 0 0 FACILITY FEE INCOME 531120 19899035 19899035 19899035 916168 916168 REFUNDS/REIMBURSEMENTS 611110 26678 26678 26678 20841881 19899035 0 942846 27332 27332 47586 47586 427789 356646 71143 21892 21892 3548517 3548517 10003450 10003450 5901348 5901348 280214 280214 BAD DEBT 1900000 1900000 OTHER EXPENSES 78685 78685 22236813 19910538 2326275 0 590381 0 20866083 20306509 11987 39205 142491 268661 207522213 44029575 168656127 163492638 74949289 74526835 265216358 258633848 908030 2126546 1701518 62144 193694026 189828990 13395000 12474408 65996760 66015668 275695334 270507756 X -10478976 -11873908 -10478976 -11873908 265216358 258633848 -1394932 0 X X 0 1 X 1 0 X X X 1 ROCKETSHIP EDUCATION 204040597 2 1 19910538 0 1 19910538 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 24299630 24299630 182598380 43577945 139020435 457532 451630 5902 166671 166671 163492638 DEFERRED RENT ASSET 16280938 OPERATING RIGHT OF USE LEASE ASSET 58245897 74526835 SECURITY DEPOSITS 400000 ACCRUED INTEREST 840463 LEASE LIABILITIES - OPERATING 61453356 DEFERRED RENT LIABILITY 3321849 66015668 X 20841881 0 20841881 0 20841881 22236813 0 22236813 0 22236813 PART X, LINE 2: LAUNCHPAD IS COMPRISED OF VARIOUS NON-PROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES RELATED TO THESE ENTITIES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION FILES ALL APPROPRIATE TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. 0 0 0 0 0 0 0 0 0 BENJAMIN CARSON EXECUTIVE DIRECTOR 0 273284 0 0 0 0 0 7746 0 7413 0 288443 0 0 PART I, LINE 3 THE ORGANIZATION HAS A SERVICE AGREEMENT WITH ROCKETSHIP EDUCATION, RELATED ENTITY, AND THE CEO IS COMPENSATED BY THE RELATED ENTITY. THE METHODS USED BY THE RELATED ENTITY TO ESTABLISH COMPENSATION INCLUDE A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION STUDY, AND APPROVAL BY THE BOARD. A CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TBQ2 2015-08-07 6105245 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 B CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TCR9 2016-02-05 28709198 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 C CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TEV8 2017-02-22 22903872 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 D WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 97671CAA5 2017-02-22 7055321 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 A 4440000 6105245 479951 65578 5559717 2015 1 0 1 1 B 4230000 28709198 1828857 569184 23574595 2736563 2016 1 0 1 1 C 6935000 22903872 1652358 447134 7221161 13583218 2017 1 0 1 1 D 7055321 716000 113777 6225544 2017 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 05/01/2024 A THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERNMENT 626139016 592041XY8 2017-02-22 7543434 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 B CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TGA2 2017-12-18 16205299 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 C DISTRICT OF COLUMBIA 536001131 25483VUX0 2019-05-01 28062185 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 D DISTRICT OF COLUMBIA 536001131 25483VYC2 2021-02-11 30667593 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 A 7543434 702919 124660 6715856 2017 0 0 1 1 B 105000 16205299 997374 297900 13706724 1203300 2017 1 0 1 1 C 830000 28062185 1633959 537517 25890710 2019 0 0 1 1 D 30667593 1595993 473999 28597601 2021 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 13069AAN8 2021-09-03 16577544 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 13069AAR9 2022-03-24 28292057 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 C DISTRICT OF COLUMBIA 536001131 25483VC36 2024-02-29 28586999 TO FINANCE THE CONSTRUCTION, IMPROVE, AND EQUIP SCHOOL FACILITY 0 0 0 A 3205000 16577544 291158 16286385 2021 1 0 1 1 B 2250000 28292057 369238 27922819 2022 1 0 1 1 C 28586998 1981987 569294 25433146 602571 2024 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDER, ROCKETSHIP EDUCATION INC., HAS THE POWER TO APPOINT THE BOARD OF DIRECTORS OF THE ORGANIZATION AND PRESCRIBE THEIR TERMS OF OFFICE AS WELL AS REMOVE A DIRECTOR FROM OFFICE. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE ALTERED, AMENDED OR REPEALED AND NEW BYLAWS ADOPTED BY THE BOARD OF DIRECTORS ONLY WITH THE WRITTEN APPROVAL OF THE FOUNDER, ROCKETSHIP EDUCATION INC. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEE'S THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DESIGNATED EMPLOYEES MUST FILE CONFLICT OF INTEREST DISCLSOURES BY APRIL 1ST OF EACH YEAR. CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE THEN FORWARDED TO THE COUNTY BOARD OF SUPERVISORS. CONFLICTS ARE REVIEWED AND DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS. DESIGNATED EMPLOYEES INCLUDE EMPLOYEES OF ROCKETSHIP AND CA PUBLIC CHARTER SCHOOLS IT OPERATES,INCLUDING GOVERNING BOARD MEMBERS AND CANDIDATES, WHO HOLD POSITIONS THAT INVOLVE THE MAKING OR PARTICIPATION IN THE MAKING, OF DECISIONS THAT MAY FORESEEABLY HAVE A MATERIAL EFFECT ON ANY FINANCIAL INTEREST. FORM 990, PART VI, SECTION C, LINE 19 OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND BOARD FINANCIAL REPORTS ARE AVAILABLE UPON REQUEST. OUR ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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