Overview
What is Rex And Margaret Fortune School Of Education?
The Rex and Margaret Fortune School of Education is a K-12 charter school based in Sacramento, California, with two branches: Fortune School and Hardy Brown College Prep. These academically rigorous, tuition-free public schools serve grades kindergarten through twelve and are known for their high achievement. Founded by local leaders, they primarily cater to low-income African American students, aiming to close the achievement gap. The schools are open to all students and have a team of 469 employees dedicated to promoting education in California and the United States. Their mission is to graduate students of good character, well-prepared for college and future citizenship in a democratic society.
Official website here: www.fortuneschool.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Rex And Margaret Fortune School Of Education has received a Three-Star rating from Charity Navigator, with an overall score of 81%. This score reflects a strong emphasis on accountability and finance, showcasing the organization's commitment to transparency and effective management of resources.
The organization demonstrates significant strengths, particularly in governance, with a fully independent board and a high program expense ratio of 92.74%. This indicates that a large portion of their funding is dedicated to direct program activities, which is a positive sign for stakeholders concerned about the impact of their contributions.
There are no reported issues with material asset diversion, and robust policies are in place for conflict of interest, whistleblower protections, and document retention, further enhancing their accountability. However, the overall score is solely based on the accountability and finance category, which means there may be less information available about program effectiveness or outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Rex And Margaret Fortune School Of Education legitimate?
Rex And Margaret Fortune School Of Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rex And Margaret Fortune School Of Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $864,946
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,122,268
For more financial information, click here
Official website here: www.fortuneschool.us
What is the mission statement of Rex And Margaret Fortune School Of Education?
The Rex and Margaret Fortune School of Education is dedicated to the promotion of education in California and other regions within the United States. Its mission is to graduate high-achieving students of good character, prepared for college and citizenship in a democratic society. The school operates K-12 charter schools, Fortune School and Hardy Brown College Prep, which are academically rigorous and serve primarily low-income African American students. Although open to all students, the schools focus on closing the achievement gap for African American students. During the 2021-22 academic year, Fortune School served students in grades K-12, while Hardy Brown College Prep catered to students in grades K-8. Founded by civic and community leaders, these tuition-free public charter schools are known for their high academic standards.
Official website here: www.fortuneschool.us
Who is the CEO of Rex And Margaret Fortune School Of Education?
Unavailable The CEO's salary of Rex And Margaret Fortune School Of Education is $275,220 and their total compensation is $301,311.
Official website here: www.fortuneschool.us
What is the revenue of Rex And Margaret Fortune School Of Education?
Rex And Margaret Fortune School Of Education's revenue in 2022 was $42,193,426.
Official website here: www.fortuneschool.us
Who are the executives of Rex And Margaret Fortune School Of Education and what are their salaries?
The average compensation at Rex And Margaret Fortune School Of Education during 2022 was $34,088. There are 469 employees and 5 volunteers at Rex And Margaret Fortune School Of Education.
Here are 13 key members and their salaries (Rex And Margaret Fortune School Of Education's CEO's salary is $275,220 and their total compensation is $301,311):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $230,235
- Related: $0
- Other: $28,887
- Compensation: $275,220
- Related: $0
- Other: $26,091
- Compensation: $194,776
- Related: $0
- Other: $26,234
- Compensation: $110,555
- Related: $0
- Other: $5,396
- Compensation: $111,519
- Related: $0
- Other: $14,760
- Compensation: $164,018
- Related: $0
- Other: $0
- Compensation: $114,659
- Related: $0
- Other: $15,335
- Compensation: $139,055
- Related: $0
- Other: $17,608
Official website here: www.fortuneschool.us
Where can I find the form 990 for Rex And Margaret Fortune School Of Education?
Rex And Margaret Fortune School Of Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fortuneschool.us
Learn more at the official website: www.fortuneschool.us
Mission Statement of Rex And Margaret Fortune School Of Education
Rex and Margaret Fortune School of Education is a committed institution dedicated to the promotion of education in California and other areas within the United States. Their mission is twofold: first, to graduate high-achieving students of good character, and second, to prepare these students for college and citizenship in a democratic society.
The charter schools under Rex and Margaret Fortune School of Education, Fortune School and Hardy Brown College Prep, serve students from kindergarten through twelfth grade. These academically rigorous institutions, which have been authorized to operate in California, have been founded by civic and community leaders. They are known for their success in serving predominantly low-income, African American students, although they are open to all students.
Fortune School and Hardy Brown College Prep are high-performing institutions, with a focus on closing the achievement gap for African American students. The schools provide a tuition-free education, aiming to instill good character and academic excellence in their students. Despite their emphasis on serving a specific demographic, they welcome pupils from all backgrounds.
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Impact
October, 2024
The Rex and Margaret Fortune School of Education significantly impacts the educational landscape by providing high-achieving and academically rigorous charter school options primarily for low-income, African American students in California. Through its two institutions—Fortune School and Hardy Brown College Prep—it serves grades K-12 and K-8, respectively. By focusing on closing the achievement gap, these schools not only enhance educational outcomes for their primarily underserved student population but also cultivate graduate profiles characterized by strong academic performance and good citizenship. The commitment to creating an inclusive environment allows them to serve all students while maintaining a specific emphasis on the needs of African American learners. This approach contributes to the broader mission of promoting education and preparing students for college and civic engagement in a democratic society.
This information is meant to be a general summary of Rex And Margaret Fortune School Of Education. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,986
- Program Service Revenue: $412,170
- Gross Receipts: $42,193,426
Assets and Liabilities:
- Total Assets: $30,813,911
- Total Liabilities: $16,726,616
- Net Assets: $14,087,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$412,170
Organization Details
Founding Year
1993
Phone
(916) 924-8633Main Address
2890 Gateway Oaks Drive 100, Sacramento, CA, 95833
Website
www.fortuneschool.usNTEE Category
Code: B25 - Education
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