Rex and Margaret Fortune School of Education
Rex and Margaret Fortune School of Education reported $52.2 million in revenue and $53.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.47 went to program services, $7.53 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 85.8% of the total. Government grants made up 82.6%. The highest compensation it reported for one person was $343,668 (PRESIDENT/CEO). 33 people received more than $100,000 in reportable compensation. Revenue rose 95% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $54MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $52M- Contributions & grants (non-government)$3.03 $1.7M
- Government grants$78.78 $43M
- Program service revenue$2.31 $1.3M
- Investment income$15.88 $8.7M
Other revenue was negative: −$2.5M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 85.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 82.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $343,668 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.64% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 33 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTk-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…
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
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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 50.00 hrs/week | $312,238 | $0 | $31,430 | $343,668 |
| CHIEF FINANCIAL OFFICER Officer, 50.00 hrs/week | $265,168 | $0 | $32,084 | $297,252 |
| SECRETARY Officer, 50.00 hrs/week | $226,243 | $0 | $31,976 | $258,219 |
| DIRECTOR OF FACILITIES Highest compensated employee, 50.00 hrs/week | $184,734 | $0 | $22,722 | $207,456 |
| CHIEF ACADEMIC OFFICER Highest compensated employee, 50.00 hrs/week | $170,481 | $0 | $23,329 | $193,810 |
| DIRECTOR OF FISCAL SERVICES Highest compensated employee, 50.00 hrs/week | $142,948 | $0 | $21,677 | $164,625 |
| DIRECTOR OF HUMAN RESOURCES Highest compensated employee, 50.00 hrs/week | $130,101 | $0 | $24,092 | $154,193 |
| PRINCIPAL Highest compensated employee, 50.00 hrs/week | $133,536 | $0 | $18,895 | $152,431 |
33 people received more than $100,000 in reportable compensation from Rex and Margaret Fortune School of Education (Part VII, line 2). Compensation of current officers, directors and key employees totaled $915K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5531
- Volunteers Part I, line 637
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CHILDCARE CAREERS LLC Substitute staffing services | $1,841,011 |
| CALIBER NETWORKS CORP Information technology services | $846,860 |
| SCOOT EDUCATION INC Substitute staffing services | $722,531 |
| JBS BUILDERS INC Construction services | $638,237 |
| ENCORE ONE LLC Custodial services | $628,475 |
Individuals listed as contractors are left out. 21 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Rex and Margaret Fortune School of Education totaling $500K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Rex and Margaret Fortune School of Education's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Rex and Margaret Fortune School of Education, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Rex and Margaret Fortune School of Education spent in FY2025, $92.47 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Scus Head Start ProgramsFairfield, CT · revenue $52M · programs 87.0% · 2024
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- Bridgewater CollegeBridgewater, VA · revenue $52M · programs 87.9% · FY2025
- Northwest UniversityKirkland, WA · revenue $52M · programs 82.1% · FY2025
- Atlanta International SchoolAtlanta, GA · revenue $52M · programs 86.1% · FY2025
Questions people ask
How much of Rex and Margaret Fortune School of Education's spending goes to programs?
In the fiscal year ending June 30, 2025, Rex and Margaret Fortune School of Education reported that 92.5% of its $53.8 million in expenses went to program services, 7.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Rex and Margaret Fortune School of Education pay its top executive?
The largest total compensation Rex and Margaret Fortune School of Education reported for one person in the fiscal year ending June 30, 2025 was $343,668, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Rex and Margaret Fortune School of Education get its money?
Of $52.2 million in revenue in the fiscal year ending June 30, 2025, 85.8% came from contributions and grants (including 82.6% from government grants) and 2.4% from program service revenue (Form 990, Part VIII).
Is Rex and Margaret Fortune School of Education a registered charity?
The IRS lists EIN 94-3187528 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631349349306418 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349310006 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431219349302603 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321319349304082 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221329349307182 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141339349303009 · read the filing
All filings for EIN 94-3187528: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.