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Rocket Innovations Corp

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit — Multipurpose and Other / Management & Technical Assistance (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$16k (2023)

Expenses
$258k (2023)

Total Assets
$2.32M (2023)

Total Liabilities
$15.1k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,029
Expenses
$257,870
Net Income
-$241,841
Net Assets
$2,304,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,029
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $23,669
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,319,652
Total Liabilities $15,115
Net Assets $2,304,537
Compensation
Key Employees and Officers Compensation Related Other
Norman Rapino (Executive Director) $23,669 $129,159 $9,337
Anne Balazs (Chairman Of The Board) $0 $0 $0
Frank Calzonetti (Vice Pres Of Research) $0 $0 $0
William Mccreary (Vice Pres , Cio & Cto) $0 $0 $0
Marna Ramnath (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,721
Expenses
$171,908
Net Income
-$62,187
Net Assets
$2,930,652
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services -$40,323
Investment Income $72,477
66.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $77,567
70.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,514
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,930,652
Total Liabilities $0
Net Assets $2,930,652
Compensation
Key Employees and Officers Compensation Related Other
Norman Rapino (Executive Director) $13,514 $136,363 $6,292
Anne Balazs (Chairman Of The Board) $0 $0 $0
Frank Calzonetti (Vice Pres Of Research) $0 $0 $0
William Mccreary (Vice Pres , Cio & Cto) $0 $0 $0
Marna Ramnath (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,668
Expenses
$119,899
Net Income
$107,769
Net Assets
$2,903,696
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
15.1%
Program Services -$36,842
Investment Income $177,272
77.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52,888
23.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,903,696
Total Liabilities $0
Net Assets $2,903,696
Compensation
Key Employees and Officers Compensation Related Other
Norman Rapino (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,100,231
Expenses
$94,094
Net Income
-$1,194,325
Net Assets
$2,795,995
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
Program Services $0
Investment Income $19,600
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$1,154,181
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,805,181
Total Liabilities $9,186
Net Assets $2,795,995

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,053
Expenses
$125,304
Net Income
$78,749
Net Assets
$3,992,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
16.8%
Program Services $0
Investment Income $181,947
89.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$12,244
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,065,489
Total Liabilities $73,048
Net Assets $3,992,441

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,350
Expenses
$49,322
Net Income
-$14,972
Net Assets
$4,387,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,460,240
Total Liabilities $73,048
Net Assets $4,387,192

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,350
Expenses
$205,200
Net Income
-$170,850
Net Assets
$4,422,165
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,495,213
Total Liabilities $73,048
Net Assets $4,422,165

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$697,820
Expenses
$236,401
Net Income
-$934,221
Net Assets
$4,593,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
Program Services $0
Investment Income $37,620
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$769,790
Notable Expenses Percent of Total Expenses
Executive Compensation $66,406
28.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,666,063
Total Liabilities $73,048
Net Assets $4,593,015

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,530,010
Expenses
$581,087
Net Income
-$2,111,097
Net Assets
$5,586,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $184,350
Program Services $0
Investment Income $285,640
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$2,000,000
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,662,108
Total Liabilities $75,872
Net Assets $5,586,236

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$733,383
Expenses
$451,117
Net Income
-$1,184,500
Net Assets
$7,547,333
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
Program Services $0
Investment Income $165,842
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$933,575
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,022
0.4%
Assets/Debt
Total Assets $7,620,381
Total Liabilities $73,048
Net Assets $7,547,333

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$182,882
Expenses
$496,765
Net Income
-$679,647
Net Assets
$8,658,789
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
Program Services $0
Investment Income $25,931
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$243,163
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,632
6.0%
Assets/Debt
Total Assets $8,995,898
Total Liabilities $337,109
Net Assets $8,658,789

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$862,132
Expenses
$524,067
Net Income
$338,065
Net Assets
$9,235,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
4.0%
Program Services $0
Investment Income $822,782
95.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,000
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,598,776
Total Liabilities $363,365
Net Assets $9,235,411

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,815
Expenses
$471,657
Net Income
-$266,842
Net Assets
$10,927,140
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,350
16.8%
Program Services $0
Investment Income $429,668
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$259,203
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,304,443
Total Liabilities $377,303
Net Assets $10,927,140

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Types of Nonprofits

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