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New York BBB Wise Giving Report for
Fortune Society

A BBB Accredited charity

 



Expiration Date:
09/2015
Name:
Fortune Society
Address:
29-76 Northern Blvd.
Long Island City, NY 11101
Phone:
212-691-7554
Year, State Incorporated:
1967, New York
Affiliates:
None
Stated Purpose:
" The Fortune Society's mission is to support successful reentry from prison and promote alternatives to incarcerations, thus strengthening the fabric of our communities. We do this by believing in the power of individuals to change; building lives through service programs shaped by the needs and experiences of our clients; and changing minds through education and advocacy to promote the creation of a fair, humane and truly rehabilitative correctional system. We do this by: - Believing in the power of individuals to change; - Building lives through service programs shaped by the needs and experience of our clients, and; - Changing Minds through education and advocacy that work to rectify unjust and brutal criminal justice policies. "





Evaluation Conclusions
 

              
Fortune Society meets the 20 Standards for Charity Accountability.




Programs
 

              
Fortune Society is dedicated to educating the public about prisons, criminal justice issues, and the root causes of crime. The organization provides education, career, development, counseling, substance abuse treatment, housing, advocacy and other services. Fortune Society’s Counseling Services Unit provides crisis intervention services such as food, shelter and clothing, conducts needs assessments, provides one-on-one and group counseling, as well as makes referrals to other programs within or outside of Fortune Society. The organization's in-house school offers educational programs in Adult Basic Education, Math, English and GED preparation. Career Development Unit aids in preparing for, obtaining and maintaining employment through instructional workshops and trainings. Additionally, the organization provides housing, advocacy, HIV/AIDS case management, family services, alternatives to incarceration, court advocacy and outreach.



Governance
 

              
Chief Executive Officer:
Ms. JoAnne Page, President & CEO
Compensation*:
$208,071
Chair of the Board:
Ms. Betty Rauch
Chair's Profession / Business Affiliation:
Betty P. Rauch Marketing / Communications
Board Size:
10
Paid Staff Size:
184



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals
Fund raising costs were 17.1% of related contributions. (Related contributions, which totaled $2,590,730, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Fortune Society's Audited Financial Statements - Consolidated for the fiscal year ended December 31, 2012.

Source of Funds  

Government Grants

$15,900,895

Foundation Grants

2,283,439

Social Service Fee

376,980

Special Events, net

253,631

Other Income

216,895

Contributions In Kind

53,660

Investment Income

763

Total Income

$19,086,263

Program Expenses  

Program Services

$15,593,131
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

15,593,131
443,272
2,603,756

$18,640,159

$446,104




Uses of Funds as a % of Total Expenses


Programs: 84%  Fund Raising: 2%  Administrative 14% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $4,877,066
Ending net assets 4,996,692
Total liabilities 4,499,202

Total assets

$9,495,894






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.