Fortune Fund Program
- Assets
- $1.1m
- Revenue
- $38.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesterfield, MO
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-3366771
Organization Overview
Fortune Fund Program is located in Chesterfield, MO. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fortune Fund Program is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fortune Fund Program generated $38.9k in total revenue. All expenses for the organization totaled $18.2k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UPLIFT THE LESS FORTUNATE BY PROVIDING EDUCATIONAL RESOURCES VIA VOLUNTARY DONATIONS MATCHED BY S2TECH
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORTUNE FUND PROGRAM IS CURRENTLY SUPPORTING A TOTAL OF 123 STUDENTS RANGING FROM 7TH GRADE TO UNDERGRADUATE PROGRAMS. THESE STUDENTS WERE SELECTED BASED ON THE MERIT RANKING IN THE CLASS AND FINANCIAL STATUS OF THE FAMILY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dayakar Veerlapati President & CEO | OfficerTrustee | 1 | $0 |
Shanta Veerlapati Officer | OfficerTrustee | 1 | $0 |
Brenda Yockey Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,903 |
| Total Program Service Revenue | $0 |
| Investment income | $15,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,046 |
| All other expenses | $1,142 |
| Total functional expenses | $18,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,062,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,081,926 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,081,926 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,081,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fortune Fund Program has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
One World Surgery Deerfield, IL | $14,992,462 | $10,254,872 |
Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
Lwala Community Alliance Inc Nashville, TN | $17,369,042 | $16,360,531 |
Love Justice International Lincoln, NE | $1,486,894 | $4,623,371 |
Healing Hands International Inc Nashville, TN | $10,095,552 | $10,611,098 |
International Call Organization Inc Bridgeview, IL | $172,328 | $3,856,996 |
C U R E Compassionate Utilization Of Resources Fort Smith, AR | $336,014 | $3,893,166 |
Heroic Hearts Organization Nfp Wheaton, IL | $2,259,688 | $4,346,155 |
Fabretto Childrens Foundation Inc Evanston, IL | $2,557,246 | $3,318,965 |
Compassionate Hope Foundation Antioch, TN | $2,077,130 | $4,256,121 |
Project Peanut Butter Maplewood, MO | $330,911 | $3,451,055 |