Nonprofit · EIN 27-3366771
FORTUNE FUND PROGRAM
Tax-exempt · CHESTERFIELD, MO 63005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $66,717 | $47,024 | $19,693 | $1,089,311 | $0 | $1,089,311 |
| December 31, 2023 | 990 | $104,435 | $65,140 | $39,295 | $620,207 | $0 | $620,207 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $62,078
- Program service revenue
- $0
- Investment income
- $123
- Net income from fundraising events
- $4,516
- Other revenue
- $4,516
Expenses
- Grants and similar amounts paid
- $45,950
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $750
- Program services (functional)
- $47,024
Balance sheet and other
- Total assets, start of year
- $620,207
- Total assets, end of year
- $1,089,311
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,089,311
- Publicly traded securities
- $1,079,158
- Net assets without donor restrictions
- $1,089,311
- Gross receipts
- $66,717
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- MO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAYAKAR VEERLAPATI | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 |
| SHANTA VEERLAPATI | OFFICER Trustee or director, Officer | 1 | $0 |
| BRENDA YOCKEY | OFFICER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAYAKAR VEERLAPATI | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 |
| SHANTA VEERLAPATI | OFFICER Trustee or director, Officer | 1 | $0 |
| BRENDA YOCKEY | OFFICER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 720 SPIRIT 40 PARK DR, CHESTERFIELD, MO 63005-1122
- In care of
- % MR DAYAKAR VEERLAPATI
- Mailing address (990-N for 2019)
- 720 Spirit 40 Park Drive, Chesterfield MO 63005
- Principal officer (990 for 2024)
- DAY VEERLAPATI, 720 SPIRIT 40 PARK DRIVE, CHESTERFIELD, MO 63017
- Principal officer (990-N for 2019)
- Day Veerlapati, 720 Spirit 40 Park Drive, Chesterfield MO 63005
- Signed the 990
- DAYAKAR VEERLAPATI, PRESIDENT & CEO
- Phone
- (636) 530-9286
- Website
- WWW.FORTUNEFUND.ORG
- Return prepared by
- SCHMERSAHL TRELOAR & COMPANY PC
Mission
TO UPLIFT THE LESS FORTUNATE BY PROVIDING EDUCATIONAL RESOURCES VIA VOLUNTARY DONATIONS MATCHED BY S2TECH
Program accomplishments
- FORTUNE FUND LTD IS MAKING A SIGNIFICANT AND LASTING IMPACT ON THE STUDENTS OF BEVIER HIGH SCHOOL THROUGH ITS SCHOLARSHIP AND SUPPORT INITIATIVES. IN 2024, THE FOUNDATION AWARDED EIGHT STUDENTS A $5,000 SCHOLARSHIP EACH, BASED ON FINANCIAL NEED, TO PURSUE HIGHER EDUCATION AFTER GRADUATION. IN ADDITION, ONE STUDENT RECEIVED A $1,000 MERIT-BASED SCHOLARSHIP IN RECOGNITION OF OUTSTANDING ACADEMIC ACHIEVEMENT. THESE SCHOLARSHIPS HAVE CONTRIBUTED TO A MEASURABLE SHIFT IN COLLEGE ENROLLMENT. IN 2021, ONLY 10% OF BEVIER HIGH SCHOOL GRADUATES PURSUED HIGHER EDUCATION. THIS YEAR, THAT NUMBER INCREASED TO 40%, DEMONSTRATING THE POSITIVE INFLUENCE OF BOTH NEED-BASED AND MERIT-BASED FINANCIAL SUPPORT. LOOKING AHEAD, FORTUNE FUND LTD IS PREPARING TO LAUNCH MENTORING PROGRAMS TO GUIDE SCHOLARSHIP RECIPIENTS THROUGH THEIR TRANSITION TO COLLEGE, HELPING THEM ADJUST TO NEW ENVIRONMENTS AND EXCEL ACADEMICALLY. IN ADDITION TO SUPPORTING STUDENTS, FORTUNE FUND ALSO EXTENDED ITS IMPACT TO THE TEACHING COMMUNITY. BEVIER SCHOOL TEACHERS PARTICIPATED IN A STRESS REDUCTION INTRODUCTORY PROGRAM, EQUIPPING THEM WITH TOOLS TO BETTER COPE WITH DAY-TO-DAY CHALLENGES AND IMPROVE OVERALL WELL-BEING. TOGETHER, THESE EFFORTS REFLECT FORTUNE FUND'S COMMITMENT TO EMPOWERINGSTUDENTS AND TEACHERS ALIKE, FOSTERING BOTH ACADEMIC EXCELLENCE AND PERSONAL GROWTH.Expenses $47,024 · grants $45,950
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3366771
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $1,089,311
- Income (IRS master file)
- $66,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $66,717 | $47,024 | $1,089,311 | IRS |
| 990 | December 2023 | $104,435 | $65,140 | $620,207 | XML |
| 990 | December 2022 | -$41,945 | $37,701 | $352,933 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Day Veerlapati | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3366771).
Questions about FORTUNE FUND PROGRAM
- What is the EIN of FORTUNE FUND PROGRAM?
- The employer identification number (EIN) of FORTUNE FUND PROGRAM is 27-3366771.
- Is FORTUNE FUND PROGRAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to FORTUNE FUND PROGRAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORTUNE FUND PROGRAM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORTUNE FUND PROGRAM due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORTUNE FUND PROGRAM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORTUNE FUND PROGRAM?
- The 990 for the year ended December 31, 2024 names DAY VEERLAPATI.
- Who are the officers and directors of FORTUNE FUND PROGRAM?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FORTUNE FUND PROGRAM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $66,717, expenses of $47,024 and total assets of $1,089,311 at year end.
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All nonprofits in CHESTERFIELD · Missouri · International, foreign affairs and national security