Public Charity

REX AND MARGARET FORTUNE SCHOOL OF EDUCATION

REX AND MARGARET FORTUNE SCHOOL OF EDUCATION is a nonprofit organization categorized as Public Charity based in SACRAMENTO, CA. Its most recent IRS filing (2025) reports revenue of $52.2M, expenses of $53.8M, total assets of $101.2M. Imperigo tracks 15 reported grant relationships connected to this organization totaling approximately $3.8M.

EIN: 943187528 SACRAMENTO, CA Secondary & High Schools NTEE: B25 Latest filing: 2025
Total Revenue$52.2M
Total Expenses$53.8M
Total Assets$101.2M
Grant Records15
Funding Total$3.8M
Filing Years2021–2025

Mission

TO GRADUATE HIGH ACHIEVING STUDENTS OF GOOD CHARACTER PREPARED FOR COLLEGE AND CITIZENSHIP IN A DEMOCRATIC SOCIETY.

Where $100 goes at Rex and Margaret Fortune School of Education

How Rex and Margaret Fortune School of Education divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$95 Programs the work itself
$5 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $95 for programs

$92
Tk-12 charter school operations
97% of program spending · Reported in the filing: 25 students
$2
Preschool operations
2% of program spending
$1
Credentialing programs
1% of program spending · Reported in the filing: 150 hours of training
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
CHARTER SCHOOL CAPACITY-BUILDING
$1,036,000
2024
TO SUPPORT OPERATIONS OF THE SCHOOL
$150,000
2023
TO SUPPORT OPERATIONS OF THE SCHOOL
$326,950
2022
TO SUPPORT OPERATIONS OF THE SCHOOL
$430,000
2022
ENROLLMENT GROWTH GRANT
$49,000

Showing up to 5 of 15 total records — full history available with membership.

Officers & Directors

PRINCIPAL Akele Newton
BOARD MEMBER Bertha Gorman
CHIEF FINANCIAL OFFICER Bonnie Bensen
BOARD MEMBER Carolyn Mullins
DIRECTOR OF HUMAN RESOURCES Crochett Kara
BOARD MEMBER Eleanor Brown

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$2,824,950 8 grants
General Support
$724,264 5 grants
Unspecified
$221,650 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $52.2M $53.8M $101.2M
2024 $51.5M $54.4M $132.6M
2023 $45.7M $48.0M $141.6M
2022 $42.2M $37.2M $30.8M
2021 $35.9M $30.6M $24.6M

Between 2021 and 2025, reported annual revenue grew from $35.9M to $52.2M (+45%), with total assets most recently reported at $101.2M.

Interactive year-over-year charts and full filing details available with membership.

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