Nonprofit · EIN 20-5015970
ROCKET INNOVATIONS CORP
Tax-exempt · TOLEDO, OH 43606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,775 | $88,966 | -$83,191 | $2,181,947 | $0 | $2,181,947 |
| June 30, 2024 | 990 | $2,716 | $110,813 | -$108,097 | $2,230,921 | $133 | $2,230,788 |
| June 30, 2023 | 990 | $16,029 | $257,870 | -$241,841 | $2,319,652 | $15,115 | $2,304,537 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,216
- Investment income
- $823
- Other revenue
- $2,736
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $24,646
- Salaries, compensation and benefits (total)
- $32,767
- Professional fundraising fees
- $0
- Accounting fees
- $4,450
- Occupancy
- $4,350
- Program services (functional)
- $3,677
- Management and general (functional)
- $85,289
Balance sheet and other
- Total assets, start of year
- $2,230,921
- Total assets, end of year
- $2,181,947
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,181,947
- Net assets without donor restrictions
- $2,181,947
- Gross receipts
- $5,775
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NORMAN RAPINO | EXECUTIVE DIRECTOR Trustee or director | 1 | $24,646 | $129,419 | $8,121 |
| ANNE BALAZS | CHAIRMAN OF THE BOARD Trustee or director | 0 | $0 | $0 | $0 |
| FRANK CALZONETTI | VICE PRES OF RESEARCH Trustee or director | 0 | $0 | $0 | $0 |
| WILLIAM MCCREARY | VICE PRES , CIO & CTO Trustee or director | 0 | $0 | $0 | $0 |
| MARNA RAMNATH | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NORMAN RAPINO | EXECUTIVE DIRECTOR Trustee or director | 0 | $24,016 | $117,024 | $7,130 |
| ANNE BALAZS | CHAIRMAN OF THE BOARD Trustee or director | 0 | $0 | $0 | $0 |
| FRANK CALZONETTI | VICE PRES OF RESEARCH Trustee or director | 0 | $0 | $0 | $0 |
| WILLIAM MCCREARY | VICE PRES , CIO & CTO Trustee or director | 0 | $0 | $0 | $0 |
| MARNA RAMNATH | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NORMAN RAPINO | EXECUTIVE DIRECTOR Trustee or director | 0 | $23,669 | $129,159 | $9,337 |
| ANNE BALAZS | CHAIRMAN OF THE BOARD Trustee or director | 0 | $0 | $0 | $0 |
| FRANK CALZONETTI | VICE PRES OF RESEARCH Trustee or director | 0 | $0 | $0 | $0 |
| WILLIAM MCCREARY | VICE PRES , CIO & CTO Trustee or director | 0 | $0 | $0 | $0 |
| MARNA RAMNATH | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2801 W BANCROFT ST MSC 311, TOLEDO, OH 43606-3328
- In care of
- % NORMAN RAPINO
- Principal officer (990 for 2024)
- NORMAN RAPINO, 2801 W BANCROFT ST MSC 311, TOLEDO, OH 436063328
- Signed the 990
- NORMAN RAPINO, EXECUTIVE DIRECTOR
- Phone
- (419) 530-6165
- Return prepared by
- PLANTE & MORAN PLLC
Mission
TO IDENTIFY, FACILITATE, STIMULATE AND SUPPORT COMMERCIAL ACTIVITY THAT IS ALIGNED WITH THE UNIVERSITY'S VISION AND MISSION AND THE COMMUNITY'S INTERESTS.
Program accomplishments
- K-1 ROCKET VENTURES FUND PORTFOLIOExpenses $3,677
- TWINESTUDIO STARTUPrevenue $2,216
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5015970
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Public and societal benefit (W02)
- Assets (IRS master file)
- $2,181,947
- Income (IRS master file)
- $5,775
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,775 | $88,966 | $2,181,947 | XML |
| 990 | June 2024 | $2,716 | $110,813 | $2,230,921 | XML |
| 990 | June 2023 | $16,029 | $257,870 | $2,319,652 | IRS |
| 990 | June 2022 | $109,721 | $171,908 | $2,930,652 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5015970).
Questions about ROCKET INNOVATIONS CORP
- What is the EIN of ROCKET INNOVATIONS CORP?
- The employer identification number (EIN) of ROCKET INNOVATIONS CORP is 20-5015970.
- Is ROCKET INNOVATIONS CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to ROCKET INNOVATIONS CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCKET INNOVATIONS CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ROCKET INNOVATIONS CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCKET INNOVATIONS CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ROCKET INNOVATIONS CORP?
- The 990 for the year ended June 30, 2025 names NORMAN RAPINO.
- Who are the officers and directors of ROCKET INNOVATIONS CORP?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $24,646 (NORMAN RAPINO, EXECUTIVE DIRECTOR).
- How much revenue does ROCKET INNOVATIONS CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,775, expenses of $88,966 and total assets of $2,181,947 at year end.
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