Nonprofit · EIN 27-1813337
LAUNCHPAD DEVELOPMENT COMPANY
Tax-exempt · SAN JOSE, CA 95110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,841,881 | $22,236,813 | -$1,394,932 | $258,633,848 | $270,507,756 | -$11,873,908 |
| June 30, 2024 | 990 | $20,978,225 | $20,948,509 | $29,716 | $265,216,358 | $275,695,334 | -$10,478,976 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,899,035
- Investment income
- $916,168
- Other revenue
- $26,678
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $27,332
- Accounting fees
- $47,586
- Occupancy
- $3,548,517
- Depreciation
- $5,901,348
- Program services (functional)
- $19,910,538
- Management and general (functional)
- $2,326,275
Balance sheet and other
- Total assets, start of year
- $265,216,358
- Total assets, end of year
- $258,633,848
- Total liabilities, end of year
- $270,507,756
- Net assets, end of year
- -$11,873,908
- Land, buildings and equipment
- $163,492,638
- Net assets without donor restrictions
- -$11,873,908
- Gross receipts
- $20,841,881
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2009
- State of legal domicile
- CA
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 |
|---|---|---|---|---|---|
| BENJAMIN CARSON | EXECUTIVE DIRECTOR Officer | 5 | $0 | $273,284 | $15,159 |
| TADD MILLER | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| LAURA KOZEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DERWIN SISNETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ABRAHAM LEE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARCUS GOODWIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHARMAINE DETWEILER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY WINAKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW SHAW | CFO Officer | 4 | $0 | $320,000 | $3,249 |
| BENJAMIN CARSON | EXECUTIVE DIRECTOR Officer | 4 | $0 | $221,676 | $8,940 |
| TADD MILLER | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| LAURA KOZEL | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DERWIN SISNETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ABRAHAM LEE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARCUS GOODWIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CHARMAINE DETWEILER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY WINAKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 GATEWAY PL STE 230E, SAN JOSE, CA 95110-3719
- In care of
- % LAUNCHPAD DEVELOPMENT COMPANY
- Principal officer (990 for 2024)
- BENJAMIN CARSON, 2001 GATEWAY PLACE 230E, SAN JOSE, CA 95110
- Signed the 990
- BENJAMIN CARSON, EXECUTIVE DIRECTOR
- Phone
- (877) 806-0920
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.
Program accomplishments
- 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.Expenses $19,910,538 · revenue $19,899,035
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 27-1813337
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B192)
- Assets (IRS master file)
- $258,633,848
- Income (IRS master file)
- $20,841,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,841,881 | $22,236,813 | $258,633,848 | XML |
| 990 | June 2024 | $20,978,225 | $20,948,509 | $265,216,358 | IRS |
| 990 | June 2023 | $25,920,179 | $18,596,420 | $268,472,972 | IRS |
| 990 | June 2022 | $19,660,045 | $24,866,907 | $179,580,617 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about LAUNCHPAD DEVELOPMENT COMPANY
- What is the EIN of LAUNCHPAD DEVELOPMENT COMPANY?
- The employer identification number (EIN) of LAUNCHPAD DEVELOPMENT COMPANY is 27-1813337.
- Is LAUNCHPAD DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LAUNCHPAD DEVELOPMENT COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LAUNCHPAD DEVELOPMENT COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAUNCHPAD DEVELOPMENT COMPANY 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 LAUNCHPAD DEVELOPMENT COMPANY 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 LAUNCHPAD DEVELOPMENT COMPANY?
- The 990 for the year ended June 30, 2025 names BENJAMIN CARSON.
- Who are the officers and directors of LAUNCHPAD DEVELOPMENT COMPANY?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does LAUNCHPAD DEVELOPMENT COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,841,881, expenses of $22,236,813 and total assets of $258,633,848 at year end.
Other nonprofits in SAN JOSE
- ROCKETSHIP EDUCATION EIN 20-4040597 · last filed 990 for 2025
- THE HARKER SCHOOL EIN 94-1613808 · last filed 990 for 2025
- VALLEY CHRISTIAN SCHOOLS EIN 94-1495182 · last filed 990 for 2025
- SAN JOSE STATE UNIVERSITY RESEARCH FOUNDATION EIN 94-6017638 · last filed 990 for 2025
- THE TOWER FOUNDATION OF SAN JOSE STATE UNIVERSITY EIN 83-0403915 · last filed 990 for 2025
- ALPHA PUBLIC SCHOOLS INC EIN 27-1881962 · last filed 990 for 2025
- VOICES COLLEGE-BOUND LANGUAGE ACADEMIES EIN 20-4741060 · last filed 990 for 2025
- ESCUELA POPULAR DEL PUEBLO EIN 77-0354277 · last filed 990 for 2025