EIN 94-3187528

Rex and Margaret Fortune School of Education

IRS 501(c) type
501(c)(3)
Num. employees
469
Year formed
1993
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Fortune School promotes education in California and the US, producing high-achieving students, offering a leadership program, and operating K-12 charter schools.
Also known as...
Hardy Brown College Prep and Fortune School; Fka Project Pipeline
Total revenues
$42,193,426
2022
Total expenses
$37,248,060
2022
Total assets
$30,813,911
2022
Num. employees
469
2022

Program areas at Rex and Margaret Fortune School of Education

K-12 charter School operations: Fortune School and hardy brown college prep are college preparatory charter schools that have been authorized to serve grades kindergarten through grade 12. During 2021-22 Fortune School served students in grades k-12 while hardy brown college prep served students in grades k-8 grade. 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.
Preservice program - 160 clock hours of training is provided prior to entering the classroom as a teacher intern. This coursework was previously taken as part of the district intern program, but is now being operated as a stand alone program that is a pre-requisite for the district intern program.
District intern credential program that 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 programs include two years of professional development coursework completed on weekends from september through june of each year while simultaneously teaching on an intern credential.
The Fortune Excursions After School Program is a service offered to our charter school families to provide affordable after school care to their children. Our goal is to provide an exciting and dynamic experience for the well-being of the children. We strive to provide the highest standard of enrichment and to develop young people into leaders. Our After School Program focuses on fun activities in the arts, recreation, and the outdoors and includes the following courses: * Sports * Art (Drawing - Painting - Arts & Crafts) * Dance * Theater * Martial Arts * Urban Gardening * Vocal
Fortune preschool opened in san bernardino in january 2023 and in elk grove in april 2023 to serve students aged 2-4 years old in a reggio emilia environment.
School Leadership Program which results in the California Administrative Services Credential or Charter School Leader Certificate. This program is focused on producing charter school leaders who will develop and lead high-quality charter schools in high need areas. This 1-year, intensive leadership program is open to charter school educators who want to earn a Preliminary Administrative Services Credential and charter school developers who want to develop a charter school petition in a small cohort environment. Participants will be under the guidance of Fortune School of Education faculty with deep expertise in charter school development and operations. This is the ideal program for charter school developers who seek a supportive environment in which to create new schools or grow schools within an existing charter school network.
Fortune is developing an Early Childhood Education program which will launch in the 2022-23 school year.

Grants made by Rex and Margaret Fortune School of Education

GranteeGrant descriptionAmount
50canPass Through of Freedom Coalition for Charter Schools Unspent Funds To New Fiscal Agent$188,759

Who funds Rex and Margaret Fortune School of Education

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Schools FundTo Support Operations of the School$430,000
Walton Family FoundationTo Support Education Reform.$200,000
Walton Family FoundationFor Community Engagement and Black Media Engagement in California and Nationally To Advance WFF Education Priorities.$130,000
...and 1 more grant received

Personnel at Rex and Margaret Fortune School of Education

NameTitleCompensation
Margaret G FortunePresident and Chief Executive Officer$275,220
Bonnie BensenChief Financial Officer$230,235
Joseph GambinoBoard Member$111,519
Toiya AllenPrincipal$108,922
Rick RubinoHuman Resources Consultant$164,018
...and 2 more key personnel

Financials for Rex and Margaret Fortune School of Education

RevenuesFYE 06/2022
Total grants, contributions, etc.$41,415,589
Program services$412,170
Investment income and dividends$8,986
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$356,681
Total revenues$42,193,426

Form 990s for Rex and Margaret Fortune School of Education

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-11990View PDF
2021-062022-07-11990View PDF
2020-062021-05-20990View PDF
2019-062020-10-29990View PDF
2018-062019-08-23990View PDF
...and 8 more Form 990s

Organizations like Rex and Margaret Fortune School of Education

OrganizationLocationRevenue
DC PrepWashington, DC$62,324,675
Herron High SchoolIndianapolis, IN$21,780,827
Heritage AcademyMesa, AZ$15,049,784
Mater AcademyMiami, FL$163,317,337
Lisa AcademyLittle Rock, AR$43,065,978
Williamsburg Charter High School (WCHS)Brooklyn, NY$21,636,858
Christel House SchoolsIndianapolis, IN$33,476,548
True North Rochester Preparatory Charter SchoolRochester, NY$48,345,577
Allen-Stevenson SchoolNew York, NY$35,768,565
Fryeburg AcademyFryeburg, ME$18,553,432
Data update history
December 30, 2023
Received grants
Identified 3 new grant, including a grant for $430,000 from Silicon Schools Fund
December 30, 2023
Received grants
Identified 1 new grant, including a grant for $21,300 from Wonderful Foundations
July 5, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
July 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
SchoolsK-12 schoolsHousing and shelter organizationsCharities
Issues
Education
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
2890 Gateway Oaks Dr 100
Sacramento, CA 95833
Metro area
Sacramento-Roseville-Folsom, CA
County
Sacramento County, CA
Website URL
fortuneschool.us/ 
Phone
(916) 924-8633
Facebook page
FortuneSchoolofEd 
Twitter profile
@fortuneschool 
IRS details
EIN
94-3187528
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B25: High School
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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