NonprofitsRex And Margaret Fortune School Of Education

Education

Rex And Margaret Fortune School Of Education

SACRAMENTO, CA

Total revenue

$51.5M

Total expenses

$54.4M

Net assets

$8.8M

Grants received

$6.1M

26 grants

EIN

943187528

Tax year

2023

Mission

The promotion of education in california and other areas within the united states.

Programs

2 programs

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: $1.0M

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: $765K

Financials

FY 2023

Revenue

Contributions & grants$49.9M
Program service revenue$1.4M
Investment income$105K
Other revenue$67K
Total revenue$51.5M

Expenses

Grants paid
Salaries & benefits$25.0M
Fundraising
Other expenses$29.4M
Total expenses$54.4M
Total assets$132.6M
Net assets$8.8M

People

14 listed

NameRoleCompensation

MARGARET G FORTUNE

PRESIDENT/CEO

Board

$308K

50 hrs/wk

BONNIE BENSEN

CHIEF FINANCIAL OFFICER

Board

$262K

50 hrs/wk

MICHELLE GRACE

SECRETARY

Board

$221K

50 hrs/wk

OLLIE WATSON

BOARD MEMBER

Board

1 hrs/wk

JOETTE SPENCER CAMPBELL

BOARD MEMBER

Board

1 hrs/wk

CAROLYN MULLINS

BOARD MEMBER

Board

1 hrs/wk

SCOTT LOEHR

BOARD MEMBER

Board

1 hrs/wk

BERTHA GORMAN

BOARD MEMBER

Board

1 hrs/wk

ELEANOR BROWN

BOARD MEMBER

Board

1 hrs/wk

RICK RUBINO

HR CONSULTANT

Staff

$190K

25 hrs/wk

JEROLD LIGONS

DIRECTOR OF FACILITIES

Staff

$180K

50 hrs/wk

WESLEY PEPPER

CHIEF ACADEMIC OFFICER

Staff

$167K

50 hrs/wk

MALLORY AREVALOS

DIRECTOR OF FISCAL SERVICES

Staff

$156K

50 hrs/wk

SHONDA MOORE

DIRECTOR OF MARKETING (THRU 10/23)

Staff

$144K

50 hrs/wk

Independent contractors

CALIBER NETWORKS CORP

IT SERVICES

$694K

FIRSTHAND EDUCATION LLC

SUBSTITUTE/TEMP SERVICES

$586K

SUPERIOR SPORTS

AFTER SCHOOL SPORTS & SCIENCE SERVICES

$582K

CHILDCARE CAREERS LLC

SUBSTITUTE/TEMP SERVICES

$562K

THRIVE EDUCATION COLLECTIVE LLC

COACHING

$411K

Grants received

Showing 26 of 26

FromAmountPurposeYear
$1.0M
CHARTER SCHOOL CAPACITY-BUILDING
2024
$150K
TO SUPPORT OPERATIONS OF THE SCHOOL
2024
$327K
TO SUPPORT OPERATIONS OF THE SCHOOL
2023
$200K
To support general operations.
2023
$430K
TO SUPPORT OPERATIONS OF THE SCHOOL
2022
$200K
To support Education reform.
2022
$130K
For community engagement and Black media engagement in California and nationally to advance WFF education priorities.
2022
$49K
ENROLLMENT GROWTH GRANT
2022
$21K
PROGRAMMING
2022
$265K
TO SUPPORT OPERATIONS OF THE SCHOOL
2021
$1M
CHARTER SCHOOL GROWTH
2020
$431K
ENROLLMENT GROWTH GRANT
2020
$257K
TO SUPPORT THE ONGOING OPERATIONS OF THE SCHOOL
2020
$250K
CHARTER SCHOOL ADVOCACY
2020
$200K
Conduct advocacy of broad policy issues by leveraging your stakeholders and network to impact public charter school policy in California
2020
$60K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$50K
Event Sponsorship
2020
$40K
Providing Immediate Support to WFF Funded Schools During COVID-19
2020
$35K
CHARTER SCHOOL GROWTH
2020
$20K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$20K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$191K
ENROLLMENT GROWTH GRANT
2019
$225K
CHARTER SCHOOL GROWTH
2018

Funded by

$6.1M from 8 funders · 26 grants · 2018–2024

Charter Fund Inc

$2.6M · 8 grants · 2018–2024

Silicon Schools Fund Inc

$1.4M · 5 grants · 2020–2024

Walton Family Foundation Inc

$820K · 6 grants · 2020–2023

California Charter Schools Association

$671K · 3 grants · 2019–2022

Donor Advised Charitable Giving Inc

$250K · 1 grant · 2020

Charles And Helen Schwab Foundation

$250K · 1 grant · 2020

Wonderful Foundations

$21K · 1 grant · 2022

Details

EIN943187528
NTEE codeB25
Subsection03
Ruling date1993-09
Formed1993
Employees516
Volunteers6
REX AND MARGARET FORTUNE SCHOOL OF EDUCATION — Mission, Financials & Grants Received | Grantivo