Loading organization details...
Loading organization details...
ROCKETSHIP EDUCATION IS A NATIONAL NON-PROFIT NETWORK OF PUBLIC ELEMENTARY CHARTER SCHOOLS SERVING LOW-INCOME COMMUNITIES WITH LIMITED ACCESS TO EXCELLENT SCHOOLS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$187M
Program Spending
84%
of total expenses go to program services
Total Contributions
$176.4M
Total Expenses
▼$171.8M
Total Assets
$271.4M
Total Liabilities
▼$187.9M
Net Assets
$83.4M
Officer Compensation
→$947K
Other Salaries
$76.9M
Investment Income
$2.2M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$11.8M
Awards Found
3
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | CHARTER SCHOOLS MANAGEMENT ORGANIZATIONS | $6M | FY2012 | Oct 2011 – Sep 2018 | Open → |
| Department of Education | ROCKETSHIP EDUCATION CSP REPLICATION | $4.8M | FY2018 | Oct 2017 – Sep 2024 | Open → |
| Department of Education | UNLEASHING POTENTIAL FULL SERVICE COMMUNITY SCHOOLS PROGRAM | $1M | FY2024 | Jan 2024 – Dec 2025 | Open → |
Department of Education
$1M
UNLEASHING POTENTIAL FULL SERVICE COMMUNITY SCHOOLS PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $16.2M | Yes | 2025-12-23 |
| 2024 | Clean | Unmodified (Clean) | $24M | Yes | 2025-01-12 |
| 2023 | Clean | Unmodified (Clean) | $23.7M | Yes | 2024-01-19 |
| 2022 | Clean | Unmodified (Clean) | $23M | Yes | 2023-01-04 |
| 2021 | Clean | Unmodified (Clean) | $13.9M | No | 2022-01-13 |
| 2020 | Clean | Unmodified (Clean) | $8.9M | No | 2020-12-17 |
| 2019 | Clean | Unmodified (Clean) | $13M | No | 2020-01-13 |
| 2018 | Minor Findings | Unmodified (Clean) | $13M | No | 2019-02-27 |
| 2017 | Clean | Unmodified (Clean) | $11M | No | 2018-03-28 |
| 2016 | Clean | Unmodified (Clean) | $9.7M | No | 2017-01-16 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$16.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$24M
Financial Report
Unmodified (Clean)
Federal Expenditure
$23.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$23M
Financial Report
Unmodified (Clean)
Federal Expenditure
$13.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$8.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$13M
Financial Report
Unmodified (Clean)
Federal Expenditure
$13M
Financial Report
Unmodified (Clean)
Federal Expenditure
$11M
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.7M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $187M | $176.4M | $171.8M | $271.4M | $83.4M |
| 2022IRS e-File | $173.9M | $165.8M | $158.6M | $251.2M | $68.2M |
| 2021 | $120.7M | $115.4M | $108.3M | $74.9M | $51M |
| 2020 | $111.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Preston Smith | CEO | 40 | $346.5K | $0 | $20.9K | $367.4K |
| Matthew Shaw | CFO (ended 06/2024) | 40 | $320K | $0 | $3,249 | $323.2K |
| Benjamin Carson | CFO (started 06/2024)/ldc Exec. Dir. | 40 | $221.7K | $0 | $8,940 | $230.6K |
| Louis Jordan | Board Chair | 2 | $0 | $0 | $0 | $0 |
| Greg Stanger | Board Secretary | 2 | $0 | $0 | $0 | $0 |
| Alex Terman | Board Treasurer | 2 | $0 | $0 | $0 | $0 |
Preston Smith
CEO
$367.4K
Hrs/Wk
40
Compensation
$346.5K
Related Orgs
$0
Other
$20.9K
Matthew Shaw
CFO (ended 06/2024)
$323.2K
Hrs/Wk
40
Compensation
$320K
Related Orgs
$0
Other
$3,249
Benjamin Carson
CFO (started 06/2024)/ldc Exec. Dir.
$230.6K
Hrs/Wk
40
Compensation
$221.7K
Related Orgs
$0
Other
$8,940
Louis Jordan
Board Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Greg Stanger
Board Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Alex Terman
Board Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Maria Heredia | Chief Legal Officer | 40 | $300K | $0 | $3,231 | $303.2K |
| Lamar Wade | Chief People Officer | 40 | $294.3K | $0 | $3,405 | $297.7K |
| Maricela Guerrero | Executive Director, California | 40 | $266.5K | $0 |
Maria Heredia
Chief Legal Officer
$303.2K
Hrs/Wk
40
Compensation
$300K
Related Orgs
$0
Other
$3,231
Lamar Wade
Chief People Officer
$297.7K
Hrs/Wk
40
Compensation
$294.3K
Related Orgs
$0
Other
$3,405
Maricela Guerrero
Executive Director, California
$285.1K
Hrs/Wk
40
Compensation
$266.5K
Related Orgs
$0
Other
$18.6K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| April Taylor | Director | 2 | $0 | $0 | $0 | $0 |
| Brian Kilb | Director | 2 | $0 | $0 | $0 | $0 |
| Charmaine Detweiler | Director | 2 | $0 | $0 | $0 | $0 |
| Daniel Sanchez | Director | 2 | $0 | $0 | $0 | $0 |
| Deborah Mcgriff | Director | 2 | $0 | $0 | $0 | $0 |
| Deja Gipson | Director |
April Taylor
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Brian Kilb
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Charmaine Detweiler
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $106.5M |
| $108M |
| $56.7M |
| $38.7M |
| 2019 | $109M | $104.7M | $102.7M | $51.4M | $35.4M |
| 2018 | $98.8M | $94.9M | $94.4M | $43M | $29M |
| 2017 | $91.4M | $89M | $87.6M | $38.3M | $24.6M |
| 2016 | $83M | $80.3M | $76.2M | $34.1M | $20.6M |
| 2015 | $63.4M | $61.8M | $63.4M | $24.3M | $14M |
| 2014 | $51.7M | $50.9M | $52.8M | $34.9M | $14.1M |
| 2013 | $16.7M | $13.3M | $15.3M | $15.4M | $10.9M |
| 2012 | $13.1M | $10.3M | $10.6M | $12.7M | $9M |
| 2011 | $12.9M | $12.9M | $7.5M | $12.1M | $6.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| $18.6K |
| $285.1K |
| Stephen Coller | Chief Strategy Officer | 40 | $266.3K | $0 | $12.4K | $278.8K |
| Christopher Murphy | Chief Communications Officer | 40 | $250.7K | $0 | $16K | $266.6K |
Stephen Coller
Chief Strategy Officer
$278.8K
Hrs/Wk
40
Compensation
$266.3K
Related Orgs
$0
Other
$12.4K
Christopher Murphy
Chief Communications Officer
$266.6K
Hrs/Wk
40
Compensation
$250.7K
Related Orgs
$0
Other
$16K
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Dr Daniel Velasco | Director | 2 | $0 | $0 | $0 | $0 |
| Dr Raymond Raven | Director | 2 | $0 | $0 | $0 | $0 |
| Hugo Castaneda | Director | 2 | $0 | $0 | $0 | $0 |
| Jolene Sloter | Director | 2 | $0 | $0 | $0 | $0 |
| Julie Miller | Director | 2 | $0 | $0 | $0 | $0 |
| June Nwabara | Director | 2 | $0 | $0 | $0 | $0 |
| Malka Borrego | Director | 2 | $0 | $0 | $0 | $0 |
| Michael Fox | Director | 2 | $0 | $0 | $0 | $0 |
| Michelle Mercado | Director | 2 | $0 | $0 | $0 | $0 |
| Peter Philpott | Board Advisor | 2 | $0 | $0 | $0 | $0 |
| Rajen Sheth | Director | 2 | $0 | $0 | $0 | $0 |
| Yolanda Bernal Samano | Director | 2 | $0 | $0 | $0 | $0 |
Daniel Sanchez
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Deborah Mcgriff
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Deja Gipson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Daniel Velasco
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Raymond Raven
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Hugo Castaneda
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jolene Sloter
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Julie Miller
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
June Nwabara
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Malka Borrego
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michael Fox
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michelle Mercado
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Peter Philpott
Board Advisor
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rajen Sheth
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Yolanda Bernal Samano
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0