GOLD2024

FitMoney.org

Learn, Earn and Save

aka FitMoney.org   |   Newton Center, MA   |  https://www.fitmoney.org

Mission

FitMoney.org builds "financially fit” communities through our free, independent K-12 financial literacy curriculum. We empower students, parents/caregivers, and educators to create a healthy, lifelong relationship with money. FitMoney.org was created by a group of educators, business executives, and parents who see a need for a more comprehensive and lasting approach to building financial literacy. Our team came together to build a free, K-12 curriculum that connects financial literacy concepts and real-world financial experience to empower youth with the knowledge and skills that can lead to better financial outcomes.

Ruling year info

2016

Executive Director

Randy Houk

Main address

1188 Centre Street 3rd Floor

Newton Center, MA 02459 USA

Show more contact info

EIN

81-1238297

NTEE code info

Youth Development Programs (O50)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The United States ranks 14th globally in terms of financial literacy. With a 57% literacy rate, the U.S. beats Botswana (52%) but gets edged out by countries like Germany (66%) or Canada (68%). This is because only 16% of U.S. students are required to take a personal finance class in schools. As more young adults enter college and the workforce, they are making financial mistakes every day simply due to a lack of knowledge. The consequences of those mistakes can be a minor burden, like inadvertently choosing a high-interest credit card, to being financially ruinous like taking on too much student loan debt or never having created an emergency savings account when disaster strikes. Student loans are now the second-highest household liability, after home mortgages, and student debt is the most common form of consumer debt to become delinquent. By integrating financial literacy early in kindergarten, FitMoney.org works to empower the next generation of financial decision makers.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

K-12 Financial Literacy Curriculum

FitMoney.org provides free, independent financial literacy curriculum to public and private schools. Each standards-aligned lesson includes a ready-to-teach module to be led by teachers in classrooms, which can be incorporated into math, social studies or taught as a stand-alone course.

Population(s) Served
Children and youth
Students

Where we work

Awards

4 Stars 2022

Common Sense Education

Affiliations & memberships

Common Sense Education 2021

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

LEARN: We believe it is important to begin teaching financial literacy early and reinforce yearly to build enduring competence in money matters. Our free, K-12 financial literacy program is easily accessible and ready-to-teach. Our ultimate goal is to grow community members who adopt sound financial habits, take full advantage of college savings and retirement programs, and control their financial outcomes. EARN: We also must instill a strong work ethic in youth to empower them to earn and manage their financial futures. By reinforcing the value of work early, we can help children understand how they can earn money to achieve their financial goals and become self-sufficient. FitMoney.org incorporates at least one lesson in each grade that focuses on working and earning. Lessons include exploring careers, starting a business, and creating an economy system in the classroom with jobs and expenses. SAVE: Lastly, we provide practical and motivating ways to save so families can own their financial outcomes. Financial literacy has increased in importance as living expenses and debt levels rise, income disparity grows, and college costs skyrocket. With dwindling government aid, longer life spans, and the growing complexity of investment and borrowing options, many are unequipped to handle important financial decisions.

FitMoney.org was created by a group of educators, business executives, and parents who see a need for a more comprehensive and lasting approach to building financial literacy. Our team came together to build a free, K-12 curriculum that connects financial literacy concepts and real-world financial experience to empower youth with the knowledge and skills that can lead to better financial outcomes. FitMoney launched in September 2016 to 350 fourth graders in North Andover Massachusetts public schools. Our free curriculum has been adopted by many schools across Massachusetts and our model is being built to replicate across the nation. Our curriculum is currently hosted on Google and our virtual lessons for remote learning can be easily integrated into Google Classroom, Schoology and other Learning Management Systems. By offering free professional development for teachers, FitMoney.org is also making it easy for teachers to integrate these lessons into their existing teaching schedules.

Financials

FitMoney.org
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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FitMoney.org

Board of directors
as of 10/24/2024
SOURCE: Self-reported by organization
Board co-chair

Kathy Choi

District Management Group

Term: 2016 -


Board co-chair

Jennifer Price

Buckingham Browne & Nichols

Term: 2016 -

Jennifer Price

Buckingham Browne & Nichols

Kathy Choi

DM Group

Rob Kane

Newton North High School

Amy Philbrook

Robinhood

Anudha Gupta

Wellington

Chad Copeland

Copeland Media

Ben Schumacher

Footlooker

Lisa Matthews

Morgan Stanley

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/24/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data