Fortunate Way
- Assets
- $194.8k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2021
- EIN
- 87-3809175
Organization Overview
Fortunate Way is located in Las Vegas, NV. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fortunate Way is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORTUNATE WAY IS FORMED TO ASSIST AND SUPPORT VETERANS AND THEIR FAMILIES IN TIMES OF NEED AND WILL AID THE TRANSITION OF VETERANS AND THEIR FAMILIES TO CIVILIAN LIFE. MANY VETERANS AND THEIR FAMILIES HAVE DIFFICULTY TRANSITIONING OUT OF THE MILITARY AND MAY EXPERIENCE FEELINGS OF DEPRESSION, HOPLESSNESS, AND SUICIDAL THOUGHTS DURING THE INITIAL TRANSITION AND AS THEY TRANSITION THROUGH THE STAGES OF LIFE. IT IS IMPERATIVE THAT NECESSARY RECOURCES ARE PROVIDED TO IMPROVE THE FINANCIAL, EMOTIONAL, AND PHYSICAL HEALTH OF VETERANS AND THEIR FAMILIES. THE NONPROFIT'S GOAL IS TO HELP VETERANS AND THEIR FAMILIES BECOME PRODUCTIVE CITIZENS BECAUSE THEY ANSWERED OUR NATION'S CALL WHEN WE NEEDED THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON 11/12/21 WE ESTABLISHED THE ORGANIZATION, APPOINTED THE DIRECTORS AND OFFICERS, APPROVED THE BY-LAWS, APPROVED THE ARTICLES OF INCORPORATION AND APPROVED OTHER ESTABLISHING RESOLUTIONS.
ON 12/14/21 WE FILED OUR APPLICATION WITH THE IRS FOR 501C3 NON-PROFIT STATUS.
WE RECEIVED $200,000 IN DONATIONS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Edward Hensley Director & President | OfficerTrustee | 1 | $0 |
Garrett Edward Hensley Director | Trustee | 1 | $0 |
Arlina Guerra Hensley Director , Treas & Secretary | Trustee | 1 | $0 |
Alexia Hensley Director | Trustee | 1 | $0 |
Ariana Hensley Director | Trustee | 1 | $0 |
Robert Grant Hensley Director | Trustee | 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 | $200,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,010 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,240 |
| Fees for services: Accounting | $4,000 |
| 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 | $0 |
| All other expenses | $5 |
| Total functional expenses | $5,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,769 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $194,769 |
| 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 | $0 |
| 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 | $194,769 |
| Total liabilities and net assets/fund balances | $194,769 |
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Rooms Of Hope Inc San Ramon, CA | $534,949 | $176,737 |
Recovery Group South Jordan, UT | $16,218 | $219,103 |
Community Center For Healthy Minds Moreno Valley, CA | $27,440 | $156,207 |
Extraordinary Lives Foundation Mission Viejo, CA | $117,165 | $0 |
Lynch Foundation Inc Burley, ID | $70,078 | $0 |
San Francisco Mental Health Educational Funds Inc San Francisco, CA | $142,043 | $0 |
Denovo Project Syracuse, UT | $70,104 | $0 |