Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
4 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $25K paid to officers and key staff (Part VII, Section A).
Norman Rapino’s $25K as Executive Director is at the 73rd percentile of top reported officer pay among 60 <$100K public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Norman Rapino | $24,646 | $24,016 | $23,669 | $13,514 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Rocket Innovations Corp executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Encouraging business that aligns with university and community goals.
Questions for Rocket Innovations Corp
Your first name shows with your question. Rocket Innovations Corp answers here, for everyone.
K-1 rocket ventures fund portfolio
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5015970) · Dispute this lineTwinestudio startup
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5015970) · Dispute this lineBy the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $220K | $171K |
| InvestmentsLn 11–13 | $2.0M | $2.0M |
| Total assetsLn 16 | $2.2M | $2.2M |
| LiabilitiesLn 26 | $133 | $0 |
| Net assetsLn 32 | $2.2M | $2.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $25K | $25K | ||
| Other employee benefitsLn 9 | $8K | $8K | ||
| Management feesLn 11a | $41K | $41K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Office expensesLn 13 | $210 | $210 | ||
| OccupancyLn 16 | $4K | $4K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $4K | $4K | $200 | |
| Total functional expensesLn 25 | $89K | $4K | $85K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 17, 2026 | $6K | $89K | −$83K | $2.2M | 990 PDF |
| FY2024Filed with the IRS Feb 20, 2025 | $3K | $111K | −$108K | $2.2M | 990 PDF |
| FY2023Filed with the IRS Jan 29, 2024 | $16K | $258K | −$242K | $2.3M | 990 PDF |
| FY2022Filed with the IRS May 12, 2023 | $110K | $172K | −$62K | $2.9M | 990 PDF |
| FY2021Filed with the IRS Nov 24, 2022 | $228K | $120K | $108K | $2.9M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $5,775 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $5,775 across 4 lines filed
Part IX · Statement of functional expenses $88,966 across 8 lines filed
Part X · Balance sheet $2,181,947 assets, 8 lines filed
Part XI · Reconciliation of net assets $2,181,947 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.
We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.