Fitmoney Inc
- Assets
- $117.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Newton, MA
- Founding
- 06/2016
- Data as of
- 06/2023
- EIN
- 81-1238297
Organization Overview
Fitmoney Inc is located in Newton, MA. The organization was established in 2016. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Fitmoney Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fitmoney Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Fitmoney Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 57.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CORPORATION IS TO BUILD 'FINANCIALLY FIT' COMMUNITIES PROVIDING FINANCIAL LITERACY EDUCATION TO STUDENTS FROM LOWER SCHOOL THROUGH HIGH SCHOOL AND BY EMPOWERING STUDENTS, PARENTS/CAREGIVERS, AND EDUCATORS TO GAIN COMPETENCE AND CONFIDENCE IN MONEY MATTERS, DEVELOP SOUND FINANCIAL HABITS, AND CREATE A HEALTHY, LIFELONG RELATIONSHIP WITH MONEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FITMONEY REACHES OVER 10,000 K-12 STUDENTS PROVIDING A VARIETY OF RESOURCES FOR LEARNING FINANCIAL LITERACY INSIDE AND OUTSIDE THE CLASSROOM. OUR K-12 TEACHER-LED CURRICULUM IS USED IN OVER 100 SCHOOLS HELPING STUDENTS LEARN THE IMPORTANCE OF SAVINGS, SMART SPENDING AND RESPONSIBLE BORROWING. THE FINANCIALLY FIT CERTIFICATE IS FITMONEY'S FIRST DIGITAL RESOURCE THAT AWARDS A CERTIFICATE TO BOTH ELEMENTARY-AGED STUDENTS AND MIDDLE/HIGH SCHOOL STUDENTS. THIS COURSE IS AVAILABLE FOR FREE AND HAS CERTIFIED OVER 2,500 STUDENTS 'FINANCIALLY FIT' AROUND THE COUNTRY. JUST RECENTLY THE STATE BOARD OF EDUCATION IN NEW HAMPSHIRE AWARDED FULL ACCREDITATION TO THE CERTIFICATE, WHICH PROVIDES AN OPTION FOR STUDENTS AND FAMILIES TO EARN FINANCIAL LITERACY CREDITS TOWARD THE STATE'S NEWLY ENACTED GRADUATION REQUIREMENT. THE FITMONEY $UPERSQUAD IS THE FIRST OF ITS KIND GAME-BASED LEARNING TOOL FOR KIDS AGES 5-13 TO LEARN ABOUT HEALTHY MONEY HABITS WHILE HAVING FUN. NOW REACHING OVER 1,000 YOUTHS WHO ARE TAKING STEPS TOWARD HEALTHY HABITS WHILE THEIR BEHAVIORS ARE BEING FORMED. FITMONEY'S PROGRAMS HAVE ALL RECEIVED A 4-STAR RATING FROM COMMONSENSE EDUCATION AND ARE A TRUSTED RESOURCE FOR PARENTS AND TEACHERS EVERYWHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Pelletier Exec. Director | OfficerTrustee | 40 | $162,688 |
Cynthia Fisher President | OfficerTrustee | 1 | $0 |
Chad Copeland Director | Trustee | 1 | $0 |
Kathleen Choi Director | Trustee | 1 | $0 |
Robert Kane Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Price Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,120,933 |
| Noncash contributions included in lines 1a–1f | $253,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,120,933 |
| Total Program Service Revenue | $0 |
| Investment income | $3,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,688 |
| Compensation of current officers, directors, key employees. | $16,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,197 |
| Fees for services: Accounting | $17,850 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $120,499 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,320 |
| Advertising and promotion | $121,653 |
| Office expenses | $7,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,986 |
| All other expenses | $1,777 |
| Total functional expenses | $1,088,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,878 |
| Accounts payable and accrued expenses | $23,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,212 |
| Net assets without donor restrictions | $84,544 |
| Net assets with donor restrictions | $10,122 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $117,878 |