Launchpad Development Company

Organization Overview

Launchpad Development Company is located in Redwood City, CA. The organization was established in 2010. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launchpad Development Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Launchpad Development Company generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $24.9m during the year ending 06/2022. While expenses have increased by 13.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LAUNCHPAD DEVELOPMENT COMPANY IS A SUPPORTING ORGANIZATION OF ROCKETSHIP EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAUNCHPAD DEVELOPMENT COMPANY PROVIDES FACILITIES AND DEVELOPMENT SERVICES FOR ROCKETSHIP EDUCATION. THE ORGANIZATION IS SOLE MEMBER OF TWENTY-NINE MANAGED LLCS. EACH LLC IS ORGANIZED TO CONSTRUCT, HOLD, AND MANAGE SCHOOL FACILITIES FOR ROCKETSHIP EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Keysha Bailey
Rsed Cfo/board Chair (term End 07/21)
$0
Matthew Shaw
Rsed CFO (term Start 04/22)
$0
Jeffrey Winaker
Secretary
$0
Tadd Miller
Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
K S Mattson Partners Lp
Property Managment Services
$250,000
K2a Llp
Architecture
$110,404
K S Mattson Partners Lp
Property Managment Services
$250,000
K2a Llp
Architecture
$110,404
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$199,965
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$199,965
Total Program Service Revenue$19,253,030
Investment income $17,353
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $95,250
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,660,045

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