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Top Rated

Fortune Society

CharityWatch rating issued
August 2025

Top-Rated Charity
A-
CharityWatch Rating
Our independent rating based
on a number of factors.
 
82%
Program Percentage
Amount spent on programs
relative to overhead.
 
$25
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Fortune Society
29-76 Northern Boulevard
Long Island City, NY 11101

Other Names

None

Tax Status

501(c)3

Stated Mission

To support successful re-entry from prison & to promote alternatives to incarceration, thus strengthening the fabric of our communities.

View similar charities
Data based on Fiscal Year Ended 06/30/2024

Program Percentage: 82%

The percentage of Fortune Society's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$75,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $25

How many dollars Fortune Society spends on fundraising to raise each $100 of contributions.

$5,700,000

Calculated Total Contributions

(rounded)

Government Funding

50% to 100%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Fortune Society Consolidated Audited Financial Statements Multiple
Fortune Society IRS Form 990 13-2645436
Entity: Fortune Society
Document Type: Consolidated Audited Financial Statements
Tax ID: Multiple
Entity: Fortune Society
Document Type: IRS Form 990
Tax ID: 13-2645436

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Fortune Society
meets governance benchmarks.
 
Fortune Society
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Joanne Page Past President / CEO $350,806
2 Steven Hickman CFO $268,335
3 Stanley Richards President / CEO $267,394
1
Name: Joanne Page
Title: Past President / CEO
Compensation: $350,806
2
Name: Steven Hickman
Title: CFO
Compensation: $268,335
3
Name: Stanley Richards
Title: President / CEO
Compensation: $267,394

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of The Fortune Society also includes the financial activities of the affiliates consolidated in The Fortune Society audited financial statements for the fiscal year ended June 30, 2024, including Fortune Housing Development Fund Corporation; Fortune L.P.; Fortune G.P.; and Fortune Castle III. All material intercompany transactions have been eliminated in the audit consolidation.

According to the Fortune Society 2024 tax filing: "Richard A. Eisner and John H. Eley have a family relationship" (IRS Form 990, Schedule O re: Form 990, Part VI, Section A, line 2).

Eisner is reported as a Past Director, and Eley is reported as Treasurer. Eisner is reported as a Director, while Eley is reported as both a Director and an Officer (Treasurer). The Society reports having 31 voting members on its governing body at the end of fiscal 2024, with all 31 members being independent (IRS Form 990, Part VI, Section A, lines 1a & 1b).


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