Rocket Innovations Corp FY2021 filing

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Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5015970) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
31¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $78K a year · 107% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
31%
of spending
31% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Revenue
$228K
Spent
$120K
To programs
31%
Net assets
$2.9M
By yearFY2021–FY2025
Revenue
$228K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$228K
FY2022$110K
FY2023$16K
FY2024$3K
FY2025$6K
Expenses
$120K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$120K
FY2022$172K
FY2023$258K
FY2024$111K
FY2025$89K
Net assets
$2.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.9M
FY2022$2.9M
FY2023$2.3M
FY2024$2.2M
FY2025$2.2M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

31 cents of each dollar spent went to programs.

Program services 31% · $37K Management & general 100% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

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

NameFY2025FY2024FY2023FY2022
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 →

Programs and updates

Encouraging business that aligns with university and community goals.

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Other incomeLn 4–11$193K
Gifts and grantsLn 1h$34K
Money outPt IX
$120K
Ln 25
Programscol B$37K
Managementcol C$120K
Owns and owesPt X
$2.9M
net assets · Ln 32
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Other incomeLn 4–11$193K
Total revenueLn 12$228K
Assets in detailPt X, end of year
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled with the IRS Nov 24, 2022 $228K$120K$108K$2.9M 990 PDF

Schedules filed Part IV

A · Public support O · Explanations

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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