Rex and Margaret Fortune School of Education
To graduate high achieving students of good character prepared for college and citizenship in a democratic society.
Rex and Margaret Fortune School of Education at a glance
- Total assets
- $101,178,668
- -23.7% vs 2024
- Revenue (2025)
- $52,228,321
- +1.5% vs 2024
- Net investment income (2025)
- $8,698,013
- +8208.2% vs 2024
- Expenses (2025)
- $53,806,108
- -1.1% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Rex and Margaret Fortune School of Education
Open Grants
1 open opportunity from Rex and Margaret Fortune School of Education
Who Rex and Margaret Fortune School of Education funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Rex and Margaret Fortune School of Education gives
- Giving fell 33% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $50K (2023) to $239K (2022). In 2023 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lee Publishing Company Inc Sacramento, CA | Publication of Reports and Columns Regarding Black Education | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $101,178,668 | $52,228,321 | $53,806,108 | — | — | $8,698,013 |
| 2024 | $132,626,191 | $51,450,691 | $54,408,722 | — | — | $104,692 |
| 2023 | $141,551,561 | $45,742,933 | $48,025,792 | $50,000 | 1 | — |
| 2022 | $30,813,911 | $42,193,426 | $37,248,060 | $238,759 | 2 | $8,986 |
| 2021 | $24,584,950 | $35,911,409 | $30,613,757 | $110,000 | 2 | $63 |
| 2020 | $12,681,418 | $26,827,979 | $25,948,600 | $75,000 | 2 | $1 |
| 2019 | $7,819,269 | $23,518,342 | $24,984,506 | — | — | $12 |
About Rex and Margaret Fortune School of Education
Based on IRS filings
Rex and Margaret Fortune School of Education is a public charity focused on Education, based in Sacramento, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $101.2M in total assets. Net investment income was $8.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Rex and Margaret Fortune School of Education is led by Margaret G. Fortune, President & CEO on every filing since 2019; 8 of 14 officers listed in 2025 are compensated.
Officers on the 2025 filing
Margaret G. Fortune
President & CEO
On filings since 2019
50 hrs/week
$237K (2019) → $312K (2025)
Jerold Ligons
Director of Facilities
On filings since 2024
50 hrs/week
$180K (2024) → $185K (2025)
Mallory Arevalos
Director of Fiscal Services
On filings since 2024
50 hrs/week
$156K (2024) → $143K (2025)
Crochett Kara
Director of Human Resources
New on the 2025 filing
50 hrs/week
$130K (2025)
Bonnie Bensen
Chief Financial Officer
On filings since 2019
50 hrs/week
$209K (2019) → $265K (2025)
Michelle Grace
Secretary
On filings since 2019
50 hrs/week
$133K (2019) → $226K (2025)
Wesley Pepper
Chief Academic Officer
Director of Curriculum & Instruction → Chief Academic Officer, 2021
On filings since 2019
50 hrs/week
$102K (2019) → $170K (2025)
Akele Newton
Principal
On filings since 2023
50 hrs/week
$123K (2023) → $134K (2025)
Bertha Gorman
Board Member
On filings since 2019
1 hr/week
No compensation reported
Eleanor Brown
Board Member
On filings since 2019
1 hr/week
No compensation reported
Ollie Watson
Board Member
On filings since 2019
1 hr/week
No compensation reported
Scott Loehr
Board Member
On filings since 2019
1 hr/week
No compensation reported
Carolyn Mullins
Board Member
On filings since 2023
1 hr/week
No compensation reported
Joette Spencer Campbell
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (11)
- Former: Rick Rubino (2020–2024) — Hr Consultant
- Former: Shonda Moore (2024) — Director of Marketing
- Former: Paulette Brown-Hinds (2019–2023) — Board Member
- Former: Joseph Gambino (2022–2023) — Director of Education Technology
- Former: Tamara Williams (2022–2023) — Principal Supervisor
- Former: Christian Entezari (2022) — Senior Advisor
- Former: Toiya Allen (2019–2021) — Principal
- Former: Michelle Smith (2021) — Psychologist
- Former: Odisa Nyong (2021) — Principal
- Former: Matthew Taylor (2019–2020) — Director of Data & Analytics
- Former: Dennis Craft (2019) — Speech Language Pathologist
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $312K, to Margaret G Fortune (President/CEO). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Rex and Margaret Fortune School of Education
How large is Rex and Margaret Fortune School of Education?
Rex and Margaret Fortune School of Education reported $101.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $52.2M.
What is Rex and Margaret Fortune School of Education?
Rex and Margaret Fortune School of Education is a public charity focused on Education, based in Sacramento, CA. It holds $101.2M in total assets as of 2025.
Where does Rex and Margaret Fortune School of Education operate?
Rex and Margaret Fortune School of Education has awarded grants in California, District of Columbia.
What is Rex and Margaret Fortune School of Education's EIN?
Rex and Margaret Fortune School of Education's EIN (Employer Identification Number) is 94-3187528. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 30, 2024)
- Added Form 990 for fiscal year 2019 (received by the IRS June 18, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
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