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Top Rated

Fortune Society

CharityWatch report issued
December 2018

Top-Rated Charity
A-
CharityWatch Grade
Our independent grade based
on a number of factors.
 
80%
Program Percentage
Amount spent on programs
relative to overhead.
 
$22
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 06/30/2017

Program Percentage: 80%

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

$30,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $22

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

$4,600,000

Calculated Total Contributions

(rounded)

Government Funding

50% to 100%

Percentage of cash revenue
coming from government sources

 

Financial Documents

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

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 President/CEO $254,510
2 Marc Piparo Chief Technology Officer $196,982
3 Stanley Richards Executive VP $176,441
1
Name: Joanne Page
Title: President/CEO
Compensation: $254,510
2
Name: Marc Piparo
Title: Chief Technology Officer
Compensation: $196,982
3
Name: Stanley Richards
Title: Executive VP
Compensation: $176,441

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.
According to The Fortune Society consolidated audit of June 30, 2017 (Note 2, In-kind Contributions), Fortune Society received in-kind donated legal services in fiscal 2017 on which it placed a value of $634,218.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

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