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Fortunate Way FY2021 filing

Tax-deductible

Las Vegas, NV501(c)(3)Mental Health EIN 87-3809175Revenue $200K in FY2021

On file with the IRS3225 McLeod Dr, 89121-2257 · Las Vegas, NVTax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Fortunate Way is formed to assist and support veterans and their families in times of need and will aid the transition of veterans and their families to civilian life. Many veterans and their families have difficulty transitioning out of the military and may experience feelings of depression, hoplessness, and suicidal thoughts during the initial transition and as they transition through the stages of life. IT is imperative that necessary recources are provided to improve the financial, emotional, and physical health of veterans and their families. The nonprofit's goal is to help veterans and their families become productive citizens because they answered our nation's call when we needed them.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $92K a year · 92% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
446 mo
of spending, in cash
Looks good: 445.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
Spent
$5K
To programs
100%
Net assets
$195K
By yearFY2021–FY2025
Revenue
$200K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$200K
FY2022$5K
FY2023$95
FY2024$89
FY2025$84
Expenses
$5K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$10K
Net assets
$195K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$195K
FY2022$189K
FY2023$178K
FY2024$167K
FY2025$157K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $5K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Robert Edward Hensley
Director & President
$0Pt VII · Sec A
Arlina Guerra Hensley
Director , Treas & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fortunate Way executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans and families transition to civilian life, providing financial and emotional support.

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Provided by the organization

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3 programs · $5K · in their own filed words · FY2021
01

On 11/12/21 we established the organization, appointed the directors and officers, approved the by-laws, approved the articles of incorporation and approved other establishing resolutions.

$5Kprogram expense
02

On 12/14/21 we filed our application with the irs for 501c3 non-profit status.

Pt IX · col B
03

We received $200,000 in donations in 2021.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$200K
Investment incomeLn 3$4
Money outPt IX
$5K
Ln 25
Programscol B$5K
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Investment incomeLn 3$4
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$195K
Cash and savings togetherLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$0
Net assetsLn 32$195K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$195K
Total assetsLn 16$0$195K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$5$5
Total functional expensesLn 25$5K$5K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $84$10K−$10K$157K 990 PDF
FY2024 $89$167K 990 PDF
FY2023 $95$178K 990 PDF
FY2022 $5K$189K 990 PDF
FY2021 Viewing $200K$5K$195K$195K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $200,014 revenue, 12 lines filed
I-8 Contributions and grants$200,010
I-9 Program service revenue$0
I-10 Investment income$4
I-11 Other revenue$0
I-12 Total revenue$200,014
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$5,245
I-18 Total expenses$5,245
I-19 Revenue less expenses$194,769
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $200,014 across 4 lines filed
VIII-1f All other contributions, gifts and grants$200,010
VIII-1h Total contributions, gifts and grants$200,010
VIII-3 Investment incomeUnrelated business $4$4
VIII-12 Total revenueRelated to mission $0 · Unrelated business $4 · Excluded from tax $0$200,014
Part IX · Statement of functional expenses $5,245 across 3 lines filed
IX-11b Legal feesPrograms $1,240$1,240
IX-11c Accounting feesPrograms $4,000$4,000
IX-24 Other expenses (24a–d)Programs $5$5
IX-25 Total functional expensesPrograms $5,245 · Management $0 · Fundraising $0$5,245
Part X · Balance sheet $194,769 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $0$194,769
X-16 Total assetsStart of year $0$194,769
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$194,769
X-33 Total liabilities and net assetsStart of year $0$194,769
Part XI · Reconciliation of net assets $194,769 net assets at year end
XI-1 Total revenue$200,014
XI-2 Total expenses$5,245
XI-3 Revenue less expenses$194,769
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$194,769

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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