Fortune Fund Program

Organization Overview

Fortune Fund Program is located in Chesterfield, MO. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fortune Fund Program is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Fortune Fund Program generated $104.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $65.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO UPLIFT THE LESS FORTUNATE BY PROVIDING EDUCATIONAL RESOURCES VIA VOLUNTARY DONATIONS MATCHED BY S2TECH

Describe the Organization's Program Activity:

Part 3 - Line 4a

FORTUNE FUND IS SUPPORTING A TOTAL OF 8 STUDENTS WITH A YEARLY SCHOLARSHIP OF $5,000 EACH TO PURSUE A FOUR-YEAR COLLEGE EDUCATION. THESE STUDENTS HAVE GRADUATED FROM BEVIER C-4 HIGH SCHOOL LOCATED IN RURAL MISSOURI. STUDENTS WERE SELECTED BASED ON MERIT AND FINANCIAL NEED AFTER GOING THROUGH EXTENSIVE APPLICATION AND INTERVIEW PROCESSES.IN 2023, FORTUNE FUND'S IMPACT EXTENDED INTO INDIA AS WELL. THEY HELPED NEARLY 120 TRIBAL STUDENTS WITH BOARDING FEES AND SCHOOL EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Dayakar Veerlapati
President & CEO
$0
Shanta Veerlapati
Officer
$0
Brenda Yockey
Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$104,352
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$104,352
Total Program Service Revenue$0
Investment income $83
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $104,435

Peer Organizations

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