REX AND MARGARET FORTUNE SCHOOL OF EDUCATION

As filed

Subsection

03

NTEE code

B25

Classification

1200

Street

2890 GATEWAY OAKS DR STE 100

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

• TK-12 CHARTER SCHOOL OPERATIONS: FORTUNE SCHOOL AND HARDY BROWN COLLEGE PREP ARE COLLEGE PREPARATORY CHARTER SCHOOLS THAT HAVE BEEN AUTHORIZED TO SERVE GRADES TRANSITIONAL KINDERGARTEN THROUGH GRADE 12. DURING 2023-24 FORTUNE SCHOOL SERVED STUDENTS IN GRADES TK-12 WHILE HARDY BROWN COLLEGE PREP SERVED STUDENTS IN GRADES TK-8. FOUNDED BY CIVIC AND COMMUNITY LEADERS FROM SACRAMENTO, CALIFORNIA, THE SCHOOLS ARE HIGH ACHIEVING AND ACADEMICALLY RIGOROUS THAT SERVE PREDOMINATELY LOW INCOME, AFRICAN AMERICAN STUDENTS. WHILE THE FOCUS OF OUR TUITION FREE PUBLIC CHARTER SCHOOLS IS TO CLOSE THE ACHIEVEMENT GAP FOR AFRICAN AMERICAN STUDENTS, THE SCHOOLS ARE OPEN TO ALL STUDENTS.

  Expenses $50,031,686 · Revenue $401,950

• PRESCHOOL OPERATIONS: FORTUNE PRESCHOOL OPERATES IN TWO LOCATIONS, ELK GROVE AND SAN BERNARDINO, SERVING CHILDREN AGES 2 TO 5 YEARS OLD. THE SCHOOL IS INFLUENCED BY THE SCHOOLS IN REGGIO EMILIA, ITALY. THE APPROACH FOCUSES ON HOW CHILDREN LEARN, THEIR RELATIONSHIP TO THE WORLD AROUND THEM, AND THE JOY CHILDREN EXPERIENCE FROM LEARNING.

  Expenses $1,047,560 · Revenue $593,253

• CREDENTIALING PROGRAMS: PRESERVICE PROGRAM - 150 CLOCK HOURS OF TRAINING IS PROVIDED PRIOR TO ENTERING THE CLASSROOM AS A TEACHER INTERN. THIS COURSEWORK IS A PRE-REQUISITE FOR THE DISTRICT INTERN PROGRAM. THE DISTRICT INTERN CREDENTIAL PROGRAM PROVIDES AN ALTERNATIVE PATH TO TEACHER CERTIFICATION FOR SINGLE SUBJECT - MIDDLE SCHOOL/HIGH SCHOOL (GRADES 7-12) GENERAL EDUCATION TEACHERS, A MILD, MODERATE DISABILITIES LEVELS I & II CREDENTIAL FOR EDUCATION SPECIALIST TEACHERS, AND A MULTIPLE SUBJECT CREDENTIAL FOR GRADES K-8 TEACHERS IN SELF-CONTAINED CLASSES. THE PROGRAM INCLUDES TWO YEARS OF PROFESSIONAL DEVELOPMENT COURSEWORK COMPLETED ON WEEKENDS FROM SEPTEMBER THROUGH JUNE OF EACH YEAR WHILE SIMULTANEOUSLY TEACHING ON AN INTERN CREDENTIAL. THE SCHOOL LEADERSHIP PROGRAM RESULTS IN THE CALIFORNIA ADMINISTRATIVE SERVICES CREDENTIAL OR CHARTER SCHOOL LEADER CERTIFICATE. THIS 1-YEAR INTENSIVE LEADERSHIP PROGRAM IS FOCUSED ON PRODUCING CHARTER SCHOOL LEADERS WHO WILL DEVELOP AND LEAD HIGH-QUALITY CHARTER SCHOOLS IN HIGH NEED AREAS. THE PK-3 ECE SPECIALIST INSTRUCTION CREDENTIAL IS IN DEVELOPMENT AND WILL PROVIDE A BRIDGE AND ACCELERATED PATHWAY FOR CURRENT MULTIPLE SUBJECT CREDENTIAL HOLDERS AS WELL AS CHILD DEVELOPMENT TEACHER PERMIT HOLDERS WITH A BA DEGREE TO EARN THE CREDENTIAL AND BEGIN SERVING IN TRANSITIONAL KINDERGARTEN SETTINGS.

  Expenses $765,142 · Revenue $388,305

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $51,450,691

  Expenses

  $54,408,722

  Contributions

  $49,895,728

  Grants paid

  $0

• 2022

  Revenue

  $45,742,933

  Expenses

  $48,025,792

  Contributions

  $44,821,390

  Grants paid

  $50,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $42,193,426

  Expenses

  $37,248,060

  Assets (EOY)

  $30,813,911

• 2020 · 990

  Revenue

  $35,911,409

  Expenses

  $30,613,757

  Assets (EOY)

  $24,584,950

• 2019 · 990

  Revenue

  $26,827,979

  Expenses

  $25,948,600

  Assets (EOY)

  $12,681,418

• 2018 · 990

  Revenue

  $23,518,342

  Expenses

  $24,984,506

  Assets (EOY)

  $7,819,269

• 2017 · 990

  Revenue

  $23,279,907

  Expenses

  $23,707,119

  Assets (EOY)

  $7,642,522

• 2016 · 990

  Revenue

  $22,920,287

  Expenses

  $22,229,060

  Assets (EOY)

  $9,247,549

• 2015 · 990

  Revenue

  $20,972,681

  Expenses

  $19,147,286

  Assets (EOY)

  $9,897,446

• 2014 · 990

  Revenue

  $13,665,451

  Expenses

  $13,202,035

  Assets (EOY)

  $4,166,401

• 2013 · 990

  Revenue

  $10,684,433

  Expenses

  $10,522,345

  Assets (EOY)

  $3,649,572

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $7,827,220

  Assets (EOY)

  $3,206,134

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• LEE PUBLISHING COMPANY INC

  $50,000

  2022 · PUBLICATION OF REPORTS AND COLUMNS REGARDING BLACK EDUCATION

Where these grants went next →

Grants received

• CHARTER FUND INC

  $1,036,000

  2024 · CHARTER SCHOOL CAPACITY-BUILDING

• SILICON SCHOOLS FUND INC

  $430,000

  2022 · TO SUPPORT OPERATIONS OF THE SCHOOL

• SILICON SCHOOLS FUND INC

  $326,950

  2023 · TO SUPPORT OPERATIONS OF THE SCHOOL

• SILICON SCHOOLS FUND INC

  $150,000

  2024 · TO SUPPORT OPERATIONS OF THE SCHOOL

• CALIFORNIA CHARTER SCHOOLS ASSOCIATION

  $49,000

  2022 · ENROLLMENT GROWTH GRANT

• WONDERFUL FOUNDATIONS

  $21,300

  2022 · PROGRAMMING

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files