Overview
What is Fitmoney Inc?
Fitmoney Inc is a nonprofit organization situated in Newton, Massachusetts, with a mission to foster financially competent communities. They primarily focus on providing financial literacy education to students from elementary to high school, helping them develop sound money habits and establish a healthy relationship with finance. Their resources, such as teacher-led curriculums utilized in over 100 schools and the Financially Fit certificate, aid students in understanding the importance of saving, smart spending, and responsible borrowing. The organization's game-based learning tool, Fitmoney $UPersquad, engages children aged 5-13, promoting healthy money habits while their behaviors are being formed. Fitmoney's programs have received high praise, earning a 4-star rating from Commonsense Education, making them a trusted resource for parents and educators nationwide.
Official website here: www.fitmoney.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
Fitmoney Inc has received a commendable score of 88%, which reflects strong performance in accountability and finance. The organization boasts a fully independent board with excellent representation, and it scores particularly well on oversight and financial integrity indicators, such as the absence of material diversion of assets and a favorable liabilities to assets ratio. The high program expense ratio indicates that the majority of its expenditures are directed toward fulfilling its mission.
However, there are notable limitations in Fitmoney Inc's governance practices. The charity lacks a whistleblower policy, document retention and destruction policy, and does not have its tax form readily available on its website. These gaps suggest areas for improvement in transparency and operational protocols that could enhance stakeholder trust.
Overall, while Fitmoney Inc demonstrates a solid foundation in financial accountability, addressing the noted deficiencies in governance policies would further strengthen its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Fitmoney Inc legitimate?
Fitmoney Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fitmoney Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $129,158
Professional Fundraising Fees: $67,000
Other Salaries and Wages: $71,460
For more financial information, click here
Official website here: www.fitmoney.org
What is the mission statement of Fitmoney Inc?
Fitmoney Inc's mission is centered around fostering financially literate communities. They aim to achieve this by providing financial education to students from lower school to high school. By empowering students, parents, and educators, Fitmoney Inc encourages the development of competence and confidence in managing money matters. Their goal is to instill sound financial habits and establish a healthy, lifelong relationship with money.
Official website here: www.fitmoney.org
What is the revenue of Fitmoney Inc?
Fitmoney Inc's revenue in 2024 was $650,210.
Official website here: www.fitmoney.org
Who are the executives of Fitmoney Inc and what are their salaries?
The average compensation at Fitmoney Inc during 2024 was $66,873. There are 3 employees at Fitmoney Inc.
Here are 12 key members and their salaries:
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Official website here: www.fitmoney.org
Where can I find the form 990 for Fitmoney Inc?
Fitmoney Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fitmoney.org
Learn more at the official website: www.fitmoney.org
Mission Statement of Fitmoney Inc
Fitmoney Inc, a nonprofit organization, is dedicated to establishing financially fit communities. Their mission revolves around providing financial literacy education to students from lower school to high school. By empowering students, parents, and educators, Fitmoney Inc encourages the development of competence and confidence in managing money matters. This, in turn, leads to the creation of a healthy, lifelong relationship with finances. The organization's goal is to foster sound financial habits, ensuring a financially responsible future generation.
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Impact
July, 2024
Fitmoney Inc's impact is significant in building financially fit communities by providing essential financial literacy education to students from lower school through high school. Their programs reach over 10,000 K-12 students, offering resources both inside and outside the classroom to teach important financial concepts such as savings, smart spending, and responsible borrowing.
One of their key initiatives, the Financially Fit Certificate, has certified over 2,500 students across the country, empowering them to develop sound financial habits and a healthy relationship with money. Additionally, Fitmoney's innovative $uper$quad game-based learning tool engages over 1,000 youths aged 5-13, promoting healthy money habits from an early age.
Furthermore, Fitmoney's programs have garnered recognition, with all of them receiving a 4-star rating from Common Sense Education. This endorsement establishes Fitmoney as a trusted resource for parents and teachers seeking to equip students with vital financial skills. By providing accredited resources and fostering financial competence and confidence in students, Fitmoney is contributing to the creation of a financially literate and empowered generation.
This information is meant to be a general summary of Fitmoney Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $6,102
- Gross Receipts: $790,323
Assets and Liabilities:
- Total Assets: $117,878
- Total Liabilities: $23,212
- Net Assets: $94,666
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Organization Details
Founding Year
2014
Principal Officer
Cynthia Fisher
Website
www.fitmoney.orgNTEE Category
Code: V00 - Social research
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