REX AND MARGARET FORTUNE SCHOOL OF EDUCATION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- REX AND MARGARET FORTUNE SCHOOL OF EDUCATION (EIN 94-3187528)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202631349349306418
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T13:23:40-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2882 PROSPECT PARK DR STE 300 | AddressLine1Txt |
| City | RANCHO CORDOVA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95670 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 943187528 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REX AND MARGARET FORTUNE SCHOOL OF | BusinessNameLine1Txt |
| Business Name Line2 | EDUCATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REXA | BusinessNameControlTxt |
| Phone | 9169248633 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 GATEWAY OAKS DRIVE 100 | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95833 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARGARET G FORTUNE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 9169248633 | PhoneNum |
| Signature | 2026-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY L HENDLEY | PreparerPersonNm |
| PTIN | P01300654 | PTIN |
| Phone | 9165038100 | PhoneNum |
| Preparation | 2026-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARGARET G FORTUNE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 GATEWAY OAKS DRIVE 100 | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95833 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $57,354,083 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FORTUNESCHOOL.US | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE PROMOTION OF EDUCATION IN CALIFORNIA AND OTHER AREAS WITHIN THE UNITED STATES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 531 | TotalEmployeeCnt |
| Total Volunteers | 37 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $49,895,728 | PYContributionsGrantsAmt |
| CY Contributions Grants | $44,811,344 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,383,508 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,267,336 | CYProgramServiceRevenueAmt |
| PY Investment Income | $104,692 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,698,013 | CYInvestmentIncomeAmt |
| PY Other Revenue | $66,763 | PYOtherRevenueAmt |
| CY Other Revenue | -$2,548,372 | CYOtherRevenueAmt |
| PY Total Revenue | $51,450,691 | PYTotalRevenueAmt |
| CY Total Revenue | $52,228,321 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $24,995,745 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $26,627,033 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,412,977 | PYOtherExpensesAmt |
| CY Other Expenses | $27,179,075 | CYOtherExpensesAmt |
| PY Total Expenses | $54,408,722 | PYTotalExpensesAmt |
| CY Total Expenses | $53,806,108 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,958,031 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,577,787 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $132,626,191 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,178,668 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $123,779,786 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $93,741,553 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,846,405 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,437,115 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO GRADUATE HIGH ACHIEVING STUDENTS OF GOOD CHARACTER PREPARED FOR COLLEGE AND CITIZENSHIP IN A DEMOCRATIC SOCIETY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $48,030,025 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $274,949 | RevenueAmt |
| Desc | 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 2024-25 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,084,348 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $601,875 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $639,341 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $390,512 | RevenueAmt |
| Desc | 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. FORTUNE MASTER'S PROGRAM EXPLORES THE CONNECTIONS BETWEEN EDUCATION AND SOCIAL JUSTICE, FOCUSING ON RESEARCH, POLICY, AND SOCIETAL ISSUES. GRADUATES WILL EARN A MASTER OF ARTS IN EDUCATION AND SOCIAL JUSTICE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $49,753,714 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 61 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 531 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BONNIE BENSEN | PersonNm |
| Phone | 9169248633 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 GATEWAY OAKS DRIVE SUITE 100 | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95833 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ELEANOR BROWN | ||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| BERTHA GORMAN | ||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT LOEHR | ||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROLYN MULLINS | ||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JOETTE SPENCER CAMPBELL | ||||||||
| BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| OLLIE WATSON | ||||||||
| BOARD MEMBER (THRU 07/24) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MARGARET G FORTUNE | ||||||||
| PRESIDENT/CEO | 50.00 | 0.00 | $312,238 | $0 | $31,430 | Yes (X) | ||
| BONNIE BENSEN | ||||||||
| CHIEF FINANCIAL OFFICER | 50.00 | 0.00 | $265,168 | $0 | $32,084 | Yes (X) | ||
| MICHELLE GRACE | ||||||||
| SECRETARY | 50.00 | 0.00 | $226,243 | $0 | $31,976 | Yes (X) | ||
| JEROLD LIGONS | ||||||||
| DIRECTOR OF FACILITIES | 50.00 | 0.00 | $184,734 | $0 | $22,722 | Yes (X) | ||
| WESLEY PEPPER | ||||||||
| CHIEF ACADEMIC OFFICER | 50.00 | 0.00 | $170,481 | $0 | $23,329 | Yes (X) | ||
| MALLORY AREVALOS | ||||||||
| DIRECTOR OF FISCAL SERVICES | 50.00 | 0.00 | $142,948 | $0 | $21,677 | Yes (X) | ||
| CROCHETT KARA | ||||||||
| DIRECTOR OF HUMAN RESOURCES | 50.00 | 0.00 | $130,101 | $0 | $24,092 | Yes (X) | ||
| AKELE NEWTON | ||||||||
| PRINCIPAL | 50.00 | 0.00 | $133,536 | $0 | $18,895 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,565,449 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $206,205 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 33 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHILDCARE CAREERS LLC | |||||
| 2000 SIERRA POINT PARKWY STE 702 | BRISBANE | CA | 94005 | SUBSTITUTE STAFFING SERVICES | $1,841,011 |
| CALIBER NETWORKS CORP | |||||
| 4010 FOOTHILLS BLVD STE 103-41 | ROSEVILLE | CA | 95747 | INFORMATION TECHNOLOGY SERVICES | $846,860 |
| SCOOT EDUCATION INC | |||||
| 10100 VENICE BLVD | CULVER CITY | CA | 90232 | SUBSTITUTE STAFFING SERVICES | $722,531 |
| JBS BUILDERS INC | |||||
| 3853 TAYLOR RD STE 400 | LOOMIS | CA | 95650 | CONSTRUCTION SERVICES | $638,237 |
| ENCORE ONE LLC | |||||
| PO BOX 1150 | MINNEAPOLIS | MN | 55480 | CUSTODIAL SERVICES | $628,475 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 21 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $43,154,088 | GovernmentGrantsAmt |
| All Other Contributions | $1,657,256 | AllOtherContributionsAmt |
| Noncash Contributions | $29,147 | NoncashContributionsAmt |
| Total Contributions | $44,811,344 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611710 | $982,853 | $982,853 |
| OTHER FEES | 611710 | $284,483 | $284,483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,267,336 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $338,702 | TotalRevenueColumnAmt |
| Exclusion | $338,702 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $254,372 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,849,189 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$2,594,817 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,594,817 | TotalRevenueColumnAmt |
| Exclusion | -$2,594,817 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,326,000 | SecuritiesAmt |
| Other | $8,309,884 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,276,573 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $49,427 | SecuritiesAmt |
| Other | $8,309,884 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,359,311 | TotalRevenueColumnAmt |
| Exclusion | $8,359,311 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STUDENT-RUN FUNDRAISING | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $46,445 | TotalRevenueColumnAmt |
| Exclusion | $46,445 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $46,445 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,228,321 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,267,336 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,149,641 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $915,361 | TotalAmt |
| Management And General | $915,361 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,121,768 | TotalAmt |
| Program Services | $16,949,378 | ProgramServicesAmt |
| Management And General | $4,172,390 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,026 | TotalAmt |
| Program Services | $154,540 | ProgramServicesAmt |
| Management And General | $71,486 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,362,340 | TotalAmt |
| Program Services | $1,635,731 | ProgramServicesAmt |
| Management And General | $726,609 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,001,538 | TotalAmt |
| Program Services | $1,499,334 | ProgramServicesAmt |
| Management And General | $502,204 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,738,501 | TotalAmt |
| Program Services | $135,309 | ProgramServicesAmt |
| Management And General | $1,603,192 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,000 | TotalAmt |
| Program Services | $52,020 | ProgramServicesAmt |
| Management And General | $12,980 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,319,701 | TotalAmt |
| Program Services | $16,151,299 | ProgramServicesAmt |
| Management And General | -$5,831,598 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,425 | TotalAmt |
| Management And General | $168,425 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $868,222 | TotalAmt |
| Program Services | $690,826 | ProgramServicesAmt |
| Management And General | $177,396 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,762,724 | TotalAmt |
| Program Services | $3,061,307 | ProgramServicesAmt |
| Management And General | $701,417 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $451,179 | TotalAmt |
| Program Services | $108,265 | ProgramServicesAmt |
| Management And General | $342,914 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $700,998 | TotalAmt |
| Program Services | $700,736 | ProgramServicesAmt |
| Management And General | $262 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,632,373 | TotalAmt |
| Program Services | $3,522,034 | ProgramServicesAmt |
| Management And General | $110,339 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,544 | TotalAmt |
| Program Services | $384,601 | ProgramServicesAmt |
| Management And General | $42,943 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| BOOKS AND SUPPLIES | $4,031,741 | $3,858,868 | $172,873 |
| FURNITURE AND EQUIPMENT | $515,280 | $468,162 | $47,118 |
| COMMUNICATIONS | $445,818 | $340,318 | $105,500 |
| DUES AND MEMBERSHIPS | $51,562 | $40,982 | $10,580 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7 | TotalAmt |
| Program Services | $4 | ProgramServicesAmt |
| Management And General | $3 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,806,108 | TotalAmt |
| Program Services | $49,753,714 | ProgramServicesAmt |
| Management And General | $4,052,394 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,781,832 | BOYAmt |
| EOY | $11,276,716 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $7,201,482 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,656,643 | BOYAmt |
| EOY | $2,802,858 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $504,691 | BOYAmt |
| EOY | $430,122 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $83,794,626 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,764,940 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,403,493 | BOYAmt |
| EOY | $75,029,686 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,279,532 | BOYAmt |
| EOY | $4,437,804 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,626,191 | BOYAmt |
| EOY | $101,178,668 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,935,481 | BOYAmt |
| EOY | $4,575,284 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,677,382 | BOYAmt |
| EOY | $2,979,176 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $81,194,717 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,554,110 | BOYAmt |
| EOY | $170,580 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,612,813 | BOYAmt |
| EOY | $4,821,796 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,779,786 | BOYAmt |
| EOY | $93,741,553 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,627,946 | BOYAmt |
| EOY | $7,331,037 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,459 | BOYAmt |
| EOY | $106,078 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,846,405 | BOYAmt |
| EOY | $7,437,115 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,626,191 | BOYAmt |
| EOY | $101,178,668 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,577,787 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $168,497 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,403,288 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,415,589 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $44,821,390 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,895,728 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,811,344 | CurrentTaxYearAmt |
| Total | $216,347,339 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $35,403,288 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,415,589 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $44,821,390 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,895,728 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,811,344 | CurrentTaxYearAmt |
| Total | $216,347,339 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $216,347,339 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,986 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $104,692 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $593,075 | CurrentTaxYearAmt |
| Total | $706,816 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $71,609 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $66,763 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,445 | CurrentTaxYearAmt |
| Total | $184,817 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $217,238,972 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,777,687 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.99590 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99870 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | STUDENT EVENTS | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $53,806,108 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $53,806,108 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $12,750 | CurrentYearMinus3Amt |
| Current Year Minus2 | $86,250 | CurrentYearMinus2Amt |
| Current Year Minus1 | $90,000 | CurrentYearMinus1Amt |
| Total | $189,000 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,840,392 | OtherCostOrOtherBasisAmt |
| Book Value | $9,840,392 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $69,677,255 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,255,464 | DepreciationAmt |
| Book Value | $63,421,791 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,237,748 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,452,519 | DepreciationAmt |
| Book Value | $785,229 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,956,231 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,056,957 | DepreciationAmt |
| Book Value | $899,274 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,000 | OtherCostOrOtherBasisAmt |
| Book Value | $83,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $75,029,686 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| Amt | $4,821,796 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,821,796 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $55,246,007 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $168,497 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $2,849,189 | OtherRevenueAmt |
| Revenue Not Reported | $3,017,686 | RevenueNotReportedAmt |
| Revenue Subtotal | $52,228,321 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $52,228,321 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $56,655,297 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,849,189 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,849,189 | ExpensesNotReportedAmt |
| Expenses Subtotal | $53,806,108 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $53,806,108 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | FORTUNE SCHOOL OF EDUCATION ("FSE") IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAX CODE SECTION 23701E. FSE IS SUBJECT TO INCOME TAXES FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT PURPOSES. FSE HAS ACCOUNTED FOR UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ASC. FSE USES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE CONSOLIDATED FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE EFFECT OF APPLYING THIS MODEL AND THE RESULTING IDENTIFICATION OF UNCERTAIN TAX POSITIONS, IF ANY, WERE NOT CONSIDERED SIGNIFICANT FOR FINANCIAL REPORTING PURPOSES. MANAGEMENT DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. FSE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS, IF ANY, IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. FSE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2025. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 2,849,189. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 2,849,189. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE ORGANIZATION DOES NOT DISCRIMINATE BASED ON RACE; A POLICY STATEMENT HAS BEEN PUBLISHED ON OUR RECRUITMENT AND APPLICATION MATERIALS, BUT NOT THROUGH NEWSPAPERS OR BROADCAST MEDIA. THE POLICY IS POSTED ON THE WEBSITE. |
| SCHEDULE E, PART I, LINE 4 | THE ORGANIZATION DOES MAINTAIN RECORDS OF THE RACIAL COMPOSITION OF OUR STUDENT BODY. WE DO NOT MAINTAIN THAT INFORMATION ON OUR FACULTY AND ADMINISTRATIVE STAFF AS IT IS OUR BELIEF THAT WE CAN'T ASK THAT INFORMATION WHEN WE ARE HIRING. OUR EMPLOYEE HANDBOOK DOES SPECIFICALLY STATE THAT WE ARE AN EQUAL OPPORTUNITY EMPLOYER. |
| SCHEDULE E, PART I, LINE 6 | OUR PUBLIC CHARTER SCHOOLS RECEIVE THE BULK OF THEIR FUNDING FROM THE STATE AND FEDERAL GOVERNMENT. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARGARET G FORTUNE | ||||||||||||||
| PRESIDENT/CEO | $305,038 | $0 | $0 | $0 | $7,200 | $0 | $12,489 | $0 | $18,941 | $0 | $343,668 | $0 | $0 | $0 |
| BONNIE BENSEN | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $265,168 | $0 | $0 | $0 | $0 | $0 | $10,721 | $0 | $21,363 | $0 | $297,252 | $0 | $0 | $0 |
| MICHELLE GRACE | ||||||||||||||
| SECRETARY | $226,243 | $0 | $0 | $0 | $0 | $0 | $9,050 | $0 | $22,926 | $0 | $258,219 | $0 | $0 | $0 |
| JEROLD LIGONS | ||||||||||||||
| DIRECTOR OF FACILITIES | $184,734 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22,722 | $0 | $207,456 | $0 | $0 | $0 |
| WESLEY PEPPER | ||||||||||||||
| CHIEF ACADEMIC OFFICER | $170,481 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23,329 | $0 | $193,810 | $0 | $0 | $0 |
| MALLORY AREVALOS | ||||||||||||||
| DIRECTOR OF FISCAL SERVICES | $142,948 | $0 | $0 | $0 | $0 | $0 | $2,796 | $0 | $18,881 | $0 | $164,625 | $0 | $0 | $0 |
| CROCHETT KARA | ||||||||||||||
| DIRECTOR OF HUMAN RESOURCES | $130,101 | $0 | $0 | $0 | $0 | $0 | $2,729 | $0 | $21,363 | $0 | $154,193 | $0 | $0 | $0 |
| AKELE NEWTON | ||||||||||||||
| PRINCIPAL | $133,536 | $0 | $0 | $0 | $0 | $0 | $1,335 | $0 | $17,560 | $0 | $152,431 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT/CEO RECEIVES AN AUTO ALLOWANCE THAT IS INCLUDED IN TAXABLE COMPENSATION. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CALIFORNIA SCHOOL FINANCE AUTHORITY | ||||||||
| A | 680280917 | 13058TUM0 | 2024-11-13 | $73,339,451 | SEE PART IV | 0 | 0 | 0 |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK | ||||||||
| B | 630304653 | 13034A5W6 | 2024-11-13 | $9,400,000 | SEE PART IV | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $73,614,426 | $2,692,633 | $2,109,009 | $1,500,744 | $6,666 | $54,373,375 | $7,683,911 | $7,940,721 | 0 | 0 | 0 | 0 |
| B | $9,435,244 | $590,299 | $230,685 | $8,115,732 | $1,088,827 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0.00240 | 0.00000 | 0.00240 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| BOND A AND B, PART I, COLUMN (F): | THE PROCEEDS OF THE BONDS WERE ISSUED TO FINANCE THE COST OF ACQUISITION, CONSTRUCTION, EXPANSION, REMODELING, RENOVATION, IMPROVEMENT, FURNISHING, AND/OR EQUIPPING OF CERTAIN CHARTER SCHOOL EDUCATION FACILITIES. THE PROCEEDS PARTLY FINANCED THE REPAYMENT OF AN OUTSTANDING LOAN TO THE EQUITABLE FACILITIES FUND. |
| BOND A AND B, PART I, COLUMN (E) AND PART II, LINE 3: | THE DIFFERENCE BETWEEN THE BOND ISSUE PRICES AND THE TOTAL PROCEEDS OF THE ISSUES WERE DUE TO INVESTMENT PROCEEDS. |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | COMPUTERS | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,147 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE AMOUNT REPORTED IN SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND ONCE THAT REVIEW IS COMPLETE, THE CFO REVIEWS IT WITH THE CEO. THE REPORT IS PROVIDED TO THE BOARD BEFORE FILING AND AT THE NEXT SCHEDULED BOARD MEETING, THE FORM 990 IS PRESENTED TO THE BOARD AS AN INFORMATION ITEM. |
| FORM 990, PART VI, SECTION B, LINE 12C | INDIVIDUALS HOLDING DESIGNATED POSITIONS SHALL FILE THEIR STATEMENTS OF ECONOMIC INTERESTS WITH FORTUNE AS CONSISTENT WITH CURRENT FPPC GUIDANCE. FORTUNE SHALL RETAIN THE ORIGINAL STATEMENTS AT FORTUNE, AND SHALL MAKE AND FORWARD COPIES TO ITS CHARTER SCHOOLS' AUTHORIZERS, AS REQUESTED. DESIGNATED POSITIONS INCLUDE MEMBERS OF THE BOARD OF DIRECTORS, PRESIDENT/CHIEF EXECUTIVE OFFICER, CHIEF OF STAFF/DIRECTOR OF OPERATIONS, CHIEF FINANCIAL OFFICER, DIRECTOR OF HUMAN RESOURCES, VICE PRESIDENT OF ACADEMIC AFFAIRS, AND PRINCIPALS. ALL LISTED POSITIONS ARE ASSIGNED TO DISCLOSURE CATEGORIES I, II, AND III. DESIGNATED POSITIONS ASSIGNED TO CATEGORY I MUST REPORT: A) INTERESTS IN REAL PROPERTY WHICH ARE LOCATED IN WHOLE OR IN PART WITHIN THE BOUNDARIES (AND A TWO MILE RADIUS) OF ANY COUNTY IN WHICH FORTUNE OPERATES; B) INVESTMENTS IN, INCOME, INCLUDING GIFTS, LOANS, AND TRAVEL PAYMENTS FROM, AND BUSINESS POSITIONS IN ANY BUSINESS ENTITY OF THE TYPE WHICH ENGAGES IN THE ACQUISITION OR DISPOSAL OF REAL PROPERTY OR ARE ENGAGED IN BUILDING CONSTRUCTION OR DESIGN; C) INVESTMENTS IN, INCOME, INCLUDING GIFTS, LOANS, AND TRAVEL PAYMENTS, FROM, AND BUSINESS POSITIONS IN ANY BUSINESS ENTITY OF THE TYPE WHICH ENGAGES IN THE MANUFACTURE, SALE, REPAIR, RENTAL OR DISTRIBUTION OF SCHOOL SUPPLIES, BOOKS, MATERIALS, SCHOOL FURNISHINGS OR EQUIPMENT TO BE UTILIZED BY FORTUNE. DESIGNATED POSITIONS ASSIGNED TO CATEGORY II MUST REPORT: INVESTMENTS IN, INCOME, INCLUDING GIFTS, LOANS, AND TRAVEL PAYMENTS, FROM AND BUSINESS POSITIONS IN ANY BUSINESS ENTITY OF THE TYPE WHICH ENGAGES IN THE MANUFACTURE, SALE, REPAIR, RENTAL OR DISTRIBUTION OF SCHOOL SUPPLIES, BOOKS, MATERIALS, SCHOOL FURNISHINGS OR EQUIPMENT TO BE UTILIZED BY FORTUNE, ITS PARENTS, TEACHERS AND STUDENTS FOR EDUCATIONAL PURPOSES. THIS INCLUDES, BUT IS NOT LIMITED TO: EDUCATIONAL SUPPLIES, TEXTBOOKS AND ITEMS USED FOR EXTRACURRICULAR COURSES. CATEGORY III DESIGNATED POSITIONS MUST REPORT: INVESTMENTS IN, INCOME, INCLUDING GIFTS, LOANS, AND TRAVEL PAYMENTS, FROM SOURCES WHICH ARE ENGAGED IN THE PERFORMANCE OF WORK OR SERVICES OF THE TYPE TO BE UTILIZED BY FORTUNE, ITS PARENTS, TEACHERS AND STUDENTS FOR EDUCATIONAL PURPOSES. THIS INCLUDES, BUT IS NOT LIMITED TO, STUDENT SERVICES COMMONLY PROVIDED IN PUBLIC SCHOOLS SUCH AS SPEECH THERAPISTS AND COUNSELORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN JUNE 2024, THE BOARD WAS PRESENTED WITH AN EXECUTIVE COMPENSATION STUDY FOR THE PRESIDENT/CEO, CFO AND THE COO IN PUBLIC SESSION AND VOTED TO APPROVE RESOLUTIONS FOR THE RECOMMENDED COMPENSATION FOR THE 2024-25 FISCAL YEAR. DOCUMENTS SUBSTANTIATING THE RECOMMENDED COMPENSATION ARE INCLUDED IN THE PUBLIC BOARD PACKET AND THE PROCEEDINGS ARE DOCUMENTED IN THE BOARD MINUTES. THIS IS AN ANNUAL PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL/CONSULTING: PROGRAM SERVICE EXPENSES 16,151,299. MANAGEMENT AND GENERAL EXPENSES -5,831,598. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,319,701. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORTUNE FACILITIES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2890 GATEWAY OAK DRIVE SUITE 100 | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95833 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 991504510 | EIN |
| Primary Activities | SEE PART VII | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Total Income | $3,248,215 | TotalIncomeAmt |
| End Of Year Assets | $79,649,758 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REX AND MARGARET FORTUNE SCHOOL OF EDUCATION | BusinessNameLine1Txt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN (B) - PRIMARY ACTIVITY: | FormAndLineReferenceDesc |
| Explanation | SUPPORT THE CHARTER SCHOOLS AND HOLD TITLE TO PROPERTY BOTH REAL & PERSONAL | ExplanationTxt |