Fitmoney Inc
- Assets
- $161.0k
- Revenue
- $471.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Newton, MA
- Founding
- 06/2016
- Data as of
- 06/2021
- 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. 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 06/2021, Fitmoney Inc generated $471.7k in total revenue. All expenses for the organization totaled $375.5k during the year ending 06/2021. While expenses have increased by 115.2% per year over the past 4 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
2021
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
FINANCIAL LITERACY CURRICULUM TO K-12 PUBLIC SCHOOL STUDENTS.
FINANCIAL LITERACY CURRICULUM TO K-12 PUBLIC SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Pelletier Executive Dir. | Trustee | 40 | $148,497 |
Linda Bent Secretary | OfficerTrustee | 1 | $0 |
Mark Williams Treasurer | OfficerTrustee | 1 | $0 |
Cynthia Fisher President | OfficerTrustee | 1 | $0 |
Robert Kane Director | Trustee | 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 | $445,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,466 |
| Total Program Service Revenue | $0 |
| Investment income | $1,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,662 |
| 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. | $148,497 |
| Compensation of current officers, directors, key employees. | $14,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $13,000 |
| Fees for services: Fundraising | $33,824 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,018 |
| Advertising and promotion | $5,542 |
| Office expenses | $309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2,011 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $548 |
| All other expenses | $1,598 |
| Total functional expenses | $375,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $109,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,043 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,043 |
| Total liabilities | $12,043 |
| Net assets without donor restrictions | $149,000 |
| Net assets with donor restrictions | $0 |
| 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 | $161,043 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fitmoney Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Calvin K Kazanjian Economics Foundation Inc Scottsdale, AZ PURPOSE: SUPPORT $UPERSQUAD PROJECT | $25,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
New York State Technology Enterprise Corporation Rome, NY | $60,981,617 | $75,235,119 |
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |