Civic Intelligence

Fortune Fund Program

990EZ • Fiscal year 2014 • EIN 27-3366771

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

Organization Profilewww.fortunefund.org
720 Spirit 40 Park DriveChesterfield, MO 63017

(636) 530-9286

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

97th percentile

82%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

77th percentile

28%

Faster asset growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-47%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$78,243

Up $17,143 (+28%) from 2013

Net Assets

Up

$78,243

Up $17,143 (+28%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Down

$20,793

Down $18,661 (-47%) from 2013

Expenses

Down

$3,650

Down $7,993 (-69%) from 2013

Net Income

Down

$17,143

Down $10,668 (-38%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $14,804Net Assets 2011: $14,8042011Assets 2012: $33,289Net Assets 2012: $33,2892012Assets 2013: $61,100Net Assets 2013: $61,1002013Assets 2014: $78,243Net Assets 2014: $78,2432014Assets 2020: $1,061,171Liabilities 2020: $0Net Assets 2020: $1,061,1712020Assets 2021: $1,081,926Liabilities 2021: $0Net Assets 2021: $1,081,9262021Assets 2022: $352,933Liabilities 2022: $0Net Assets 2022: $352,9332022Assets 2023: $620,207Liabilities 2023: $0Net Assets 2023: $620,2072023Assets 2024: $1,089,311Liabilities 2024: $0Net Assets 2024: $1,089,3112024

Highlighted filing

2014

Assets$78,243
Liabilities-
Net Assets$78,243
Open 2014 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $17,834Expenses 2011: $3,030Net Income 2011: $14,8042011Revenue 2012: $25,689Expenses 2012: $7,204Net Income 2012: $18,4852012Revenue 2013: $39,454Expenses 2013: $11,643Net Income 2013: $27,8112013Revenue 2014: $20,793Expenses 2014: $3,650Net Income 2014: $17,1432014Revenue 2020: $915,542Expenses 2020: $10,150Net Income 2020: $905,3922020Revenue 2021: $38,943Expenses 2021: $18,188Net Income 2021: $20,7552021Revenue 2022: -$41,945Expenses 2022: $37,701Net Income 2022: -$79,6462022Revenue 2023: $104,435Expenses 2023: $65,140Net Income 2023: $39,2952023Revenue 2024: $66,717Expenses 2024: $47,024Net Income 2024: $19,6932024

Highlighted filing

2014

Revenue$20,793
Expenses$3,650
Net Income$17,143
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$20,793
Mission and Program Overview

Mission

To uplift the less fortunate by providing educational resources via voluntary donations matched by s2tech

To uplift the less fortunate by providing educational resources via voluntary donations matched by s2tech.

Program Services

DescriptionGrantsExpenses
Fortune Fund program is currently supporting a total of 117 students ranging from 7th grade to undergraduate programs. These students were selected based on the merit ranking in the class and financial status of the family.The key accomplishments of this program were as follows:1. Last year 12 students graduated from Kavitha Junior College and then enrolled into undergraduate programs in Information Technology, and Engineering.2. This year Kavitha Junior college has 23 students. The graduating students from Kavitha will be going to undergraduates programs of their choice.3. Retention rate of students in Fortune Fund program is about 95%. Without Fortune Fund program, 90% of the students would have dropped out before completing 10th grade.$3,650-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAYAKAR VEERLAPATIPresident & CEO-$0--
SUSAN CORNOCKOfficer-$0--
BRENDA YOCKEYOfficer-$0--
Filing and Contact Details

Filer

Filer Name
Fortune Fund
EIN
27-3366771
Phone
6365309286
Address
720 SPIRIT 40 PARK DRIVE, CHESTERFIELD, MO 63017

Signing Officer

Name
Dayakar Veerlapati
Title
President & CEO
Signed
2015-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Schmersahl Treloar & Co PC
Address
10805 Sunset Office Drive Ste 400, St Louis, MO 63127
Preparer
Roger G Toennies CPA
Phone
3149662727
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Contracted services $3650”

Raw XML Appendix134 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DAYAKAR VEERLAPATI
IRS990EZ/BooksInCareOfDetail/PhoneNum06365309286
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0720 SPIRIT 40 PARK DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHESTERFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd063017
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt061100
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt078243
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt020610
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt017143
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt061100
IRS990EZ/Form990TotalAssetsGrp/EOYAmt078243
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt020793
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0183
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt061100
IRS990EZ/NetAssetsOrFundBalancesEOYAmt078243
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt061100
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt078243
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAYAKAR VEERLAPATI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SUSAN CORNOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRENDA YOCKEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2OFFICER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt03650
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO UPLIFT THE LESS FORTUNATE BY PROVIDING EDUCATIONAL RESOURCES VIA VOLUNTARY DONATIONS MATCHED BY S2TECH.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Fortune Fund program is currently supporting a total of 117 students ranging from 7th grade to undergraduate programs. These students were selected based on the merit ranking in the class and financial status of the family.The key accomplishments of this program were as follows:1. Last year 12 students graduated from Kavitha Junior College and then enrolled into undergraduate programs in Information Technology, and Engineering.2. This year Kavitha Junior college has 23 students. The graduating students from Kavitha will be going to undergraduates programs of their choice.3. Retention rate of students in Fortune Fund program is about 95%. Without Fortune Fund program, 90% of the students would have dropped out before completing 10th grade.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03650
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt03650
IRS990EZ/TotalProgramServiceExpensesAmt03650
IRS990EZ/TotalRevenueAmt020793
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0www.fortunefund.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt039332
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt017797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0103342
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0183
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0418
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0103342
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt039332
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt017797
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0103342
IRS990ScheduleA/TotalSupportAmt0103760
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTRACTED SERVICES $3650
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAYAKAR VEERLAPATI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORTUNE FUND
ReturnHeader/Filer/BusinessNameControlTxt0FORT
ReturnHeader/Filer/EIN0273366771
ReturnHeader/Filer/PhoneNum06365309286
ReturnHeader/Filer/USAddress/AddressLine1Txt0720 SPIRIT 40 PARK DRIVE
ReturnHeader/Filer/USAddress/CityNm0CHESTERFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd063017
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Schmersahl Treloar & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010805 Sunset Office Drive Ste 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0St Louis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063127
ReturnHeader/PreparerPersonGrp/PhoneNum03149662727
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roger G Toennies CPA
ReturnHeader/ReturnTs02015-05-15T06:42:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,243
Liabilities
-
Net assets
$78,243
Revenue
$20,793
Expenses
$3,650
Net income
$17,143
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$0.07$0.05$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$0.10$0.07$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.00$0.35$0.04$0.04$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.00$1.08$0.04$0.02$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.92$0.01$0.91
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.02$0.00$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.04$0.01$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.03$0.03$0.01$0.02
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.01$0.02$0.00$0.01