Fortune Education Foundation Inc

Rahway, NJ
Tax-exempt since Oct. 2008
EIN: 26-1564290

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$22.3k (2024)

Expenses

$72.9k (2024)

Total Assets

$1.63M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$22,252

Expenses

$72,852

Net Income

-$50,600

Net Assets

$1,632,245

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$18,713	84.1%
Sales of Assets	$3,531	15.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,200	88.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,632,245
Total Liabilities	$0
Net Assets	$1,632,245

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on Sept. 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$30,868

Expenses

$90,651

Net Income

-$59,783

Net Assets

$1,682,845

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29	0.1%
Dividends	$16,352	53.0%
Sales of Assets	$14,487	46.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,200	81.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,682,845
Total Liabilities	$0
Net Assets	$1,682,845

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on Aug. 20, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$434,480

Expenses

$78,591

Net Income

$355,889

Net Assets

$1,742,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	92.1%
Interest Revenue	$0
Dividends	$15,904	3.7%
Sales of Assets	$18,576	4.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	76.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,742,628
Total Liabilities	$0
Net Assets	$1,742,628

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on June 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$540,313

Expenses

$85,520

Net Income

$454,793

Net Assets

$1,386,739

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	92.5%
Interest Revenue	$0
Dividends	$12,219	2.3%
Sales of Assets	$28,094	5.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,000	85.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,386,739
Total Liabilities	$0
Net Assets	$1,386,739

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on June 3, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$503,223

Expenses

$79,769

Net Income

$423,454

Net Assets

$931,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	99.4%
Interest Revenue	$0
Dividends	$1,112	0.2%
Sales of Assets	$2,111	0.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,000	85.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$931,946
Total Liabilities	$1
Net Assets	$931,945

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on May 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$102,781

Expenses

$105,587

Net Income

-$2,806

Net Assets

$508,491

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	97.3%
Interest Revenue	$0
Dividends	$1,219	1.2%
Sales of Assets	$1,562	1.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,000	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$508,492
Total Liabilities	$1
Net Assets	$508,491

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on May 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$202,774

Expenses

$187,164

Net Income

$15,610

Net Assets

$511,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,675	99.0%
Interest Revenue	$0
Dividends	$1,300	0.6%
Sales of Assets	$799	0.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,957	86.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$511,298
Total Liabilities	$0
Net Assets	$511,298

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on Oct. 21, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$419,625

Expenses

$114,020

Net Income

$305,605

Net Assets

$495,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400,000	95.3%
Interest Revenue	$0
Dividends	$2,896	0.7%
Sales of Assets	$16,729	4.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,668	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$495,688
Total Liabilities	$0
Net Assets	$495,688

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on July 27, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$13,535

Expenses

$116,465

Net Income

-$102,930

Net Assets

$190,083

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	36.9%
Interest Revenue	$0
Dividends	$4,586	33.9%
Sales of Assets	$3,949	29.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$112,500	96.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$190,083
Total Liabilities	$0
Net Assets	$190,083

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on June 5, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$23,724

Expenses

$123,618

Net Income

-$99,894

Net Assets

$293,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,496	31.6%
Sales of Assets	$16,228	68.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,500	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$293,013
Total Liabilities	$0
Net Assets	$293,013

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on April 18, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$376,414

Expenses

$678,710

Net Income

-$302,296

Net Assets

$392,907

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$340,000	90.3%
Interest Revenue	$0
Dividends	$13,109	3.5%
Sales of Assets	$23,305	6.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$671,500	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$392,907
Total Liabilities	$0
Net Assets	$392,907

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on April 29, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$1,087,889

Expenses

$1,272,873

Net Income

-$184,984

Net Assets

$695,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,065,000	97.9%
Interest Revenue	$0
Dividends	$11,376	1.0%
Sales of Assets	$11,513	1.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,266,500	99.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$695,203
Total Liabilities	$0
Net Assets	$695,203

Compensation

Key Employees and Officers	Compensation	Other
Norman Ng (Director)	$0	$0
John Ng (Director)	$0	$0
Chuck Man Ng (Director)	$0	$0
Frances Wong (Director)	$0	$0

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990-PF

Filed on May 22, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$622,859

Expenses

$763,923

Net Income

-$141,064

Net Assets

$880,186

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$600,000	96.3%
Interest Revenue	$0
Dividends	$13,783	2.2%
Sales of Assets	$9,076	1.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$757,000	99.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$880,187
Total Liabilities	$1
Net Assets	$880,186

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,464,880

Expenses

$1,222,063

Net Income

$242,817

Net Assets

$1,021,250

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,450,100	99.0%
Interest Revenue	$0
Dividends	$10,914	0.7%
Sales of Assets	$3,866	0.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,216,414	99.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,021,251
Total Liabilities	$1
Net Assets	$1,021,250

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Fortune Education Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $22.3k (2024)

Expenses $72.9k (2024)

Total Assets $1.63M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$22.3k (2024)

Expenses

$72.9k (2024)

Total Assets

$1.63M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007