The Fortune Society

What it reported doing in 2024

Transitional services: the transitional services program provides discharge planning services to eligible individuals during their incarceration on rikers island and then continuing reentry support following their release. In fy2025, 367 people enrolled in the program after their release from rikers. Benefit access: the benefit access program is an integral part of fortune's admissions and intake process. All individuals who enroll in fortune are offered to meet with an entitlement specialist to assess individuals for needed services and assistance with connection to those services. We help participants navigate the application process so they can secure critical benefits such as snap (food stamps) and medicaid and stabilize themselves financially. In addition, the program connects clients with expert advice to help with a wide range of issues, such as child support, evictions, accessing and correcting rap sheets, legal services, financial services, credit assistance, and much more. In fy2025, we screened 5,818 individuals in our benefit access program, assisting them in obtaining cash and non-cash public benefits. Notable accomplishments in fy2025 included 854 snap benefit recipients, 709 medicaid recipients, 724 safety net/cash assistance recipients, and 103 legal counseling sessions.education: our education program empowers participants to achieve personal and professional goals and make progress toward the high school equivalency (hse) diploma, attending college, and preparing for today's job market. Participants can develop essential reading, writing, math, and computer skills with the support of fortune's dedicated teachers, counselors, and volunteer tutors. Our small class size allows each individual to progress at his or her own pace in an environment where all students feel respected and have a say in what they are learning. During fy2025, we served a total of 158 students in our education programs.employment services: our employment services program is designed to equip formerly incarcerated jobseekers with the skills necessary to obtain employment and thrive in the workplace. We offer a variety of services to help motivated individuals begin their careers and advance professionally. These services include career readiness workshops, sector-based skills trainings in green construction, environmental remediation, social services, and transportation. We also assist with job placement assistance and retention services. To encourage successful involvement, we offer stipends for those engaged in our employment services program. We also offer subsidized 10-week internships, known as transitional work, to help job seekers in need of additional hands-on experience advance in their desired career pathways in fy2025, 2,037 individuals received employment-related services; of those, 566 individuals enrolled in and 496 completed our job readiness workshop. We were able to place 229 individuals in permanent and subsidized jobs within the fiscal year. The average starting salary for all jobs within the fiscal year was $21.00/hour.family services: our family services program offers individual and group counseling sessions; and family-centered events, specifically under our women's rising program and our abusive partner intervention program (apip). Our staff work individually with clients, meeting them one-on-one for counseling and in groups to help them develop skills to better communicate, discipline, and enhance their child's development and help them communicate better with other parents to develop better co-parenting approaches (i.e. Parenting classes and support groups). Clients also receive referrals on family law advice and representation from our partners at legal information for today (family legal care) regarding custody, child support, or administration for child services (acs) involvement. Our women's rising program, provides women-specific groups and employment focused workshops and apip provides court advocacy, indivi

Financial Efficiency

• Mission deployment rate: 86.7%; rating input score 87
• Program expense ratio: 86.3%; rating input score 86
• Fundraising efficiency: $51.71 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.6%; rating input score 24; 24th percentile among comparable filings
• Total-asset coverage ratio: 1.28; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings

Growth

• Program expense growth: 12.2% per year; rating input score 100; 81st percentile among comparable filings
• Revenue growth: 11.2% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 18.9% per year; rating input score 100; 92nd percentile among comparable filings