Civic Intelligence

Fishtank Learning Inc.

990 • Fiscal year 2022 • EIN 85-4065590

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 09, 2022

769 Centre Street Ste 208Boston, MA 02130

(617) 302-7735

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.37x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.28x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$169,303

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

82nd percentile

31%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

33%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,462,120

Up $343,924 (+31%) from 2021

Net Assets

Up

$924,153

Up $276,754 (+43%) from 2021

Liabilities

Up

$537,967

Up $67,170 (+14%) from 2021

Revenue

Up

$1,911,332

Up $470,690 (+33%) from 2021

Expenses

Up

$1,634,578

Up $841,335 (+106%) from 2021

Net Income

Down

$276,754

Down $370,645 (-57%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $1,118,196Liabilities 2021: $470,797Net Assets 2021: $647,3992021Assets 2022: $1,462,120Liabilities 2022: $537,967Net Assets 2022: $924,1532022Assets 2023: $2,087,755Liabilities 2023: $635,164Net Assets 2023: $1,452,5912023Assets 2024: $1,960,077Liabilities 2024: $1,184,472Net Assets 2024: $775,6052024Assets 2025: $3,873,891Liabilities 2025: $2,235,740Net Assets 2025: $1,638,1512025

Highlighted filing

2022

Assets$1,462,120
Liabilities$537,967
Net Assets$924,153

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $1,440,642Expenses 2021: $793,243Net Income 2021: $647,3992021Revenue 2022: $1,911,332Expenses 2022: $1,634,578Net Income 2022: $276,7542022Revenue 2023: $2,436,681Expenses 2023: $1,908,243Net Income 2023: $528,4382023Revenue 2024: $1,800,863Expenses 2024: $2,477,849Net Income 2024: -$676,9862024Revenue 2025: $4,787,566Expenses 2025: $3,925,020Net Income 2025: $862,5462025

Highlighted filing

2022

Revenue$1,911,332
Expenses$1,634,578
Net Income$276,754
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$1,911,332
Mission and Program Overview

Mission

Fishtank learning's mission is to provide teachers with the curriculum and resources they need to engage, challenge, and inspire their students. Through an easy-to-navigate open educational resource (oer) curriculum site, fishtank learning provides teachers with access to full instructional materials for grades k-12 in ela, grades 3-11 in math and grades 1-5 in science and social studies, which they can use, adapt, and download for free.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,085,080$1,199,373▲ $114,293
Accounts Receivable$27,705$156,990▲ $129,285
Pledges and Grants Receivable-$100,000-
Prepaid Expenses and Deferred Charges$5,411$2,907▼ $2,504
Intangible Assets-$2,850-
Total Assets$1,118,196$1,462,120▲ $343,924
Liabilities
Deferred Revenue$395,922$469,130▲ $73,208
Accounts Payable and Accrued Expenses$74,875$68,837▼ $6,038
Total Liabilities$470,797$537,967▲ $67,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$647,399$490,820▼ $156,579
Net Assets With Donor Restrictions-$433,333-
Total Net Assets Fund Balance$647,399$924,153▲ $276,754
Total Liabilities and Net Assets / Fund Balance$1,118,196$1,462,120▲ $343,924
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claire KaplanCEO/president/treasurer/clerkFT$144,529$24,774$169,303
Jami Therrian WellsMANAGING DIRECTOR | MATHFT$100,985$340$101,325

Board Members and Trustees

NameTitle
Becky BettsDirector
Stig LeschlyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,052,408
Program Service Revenue
$849,923
Investment Income
$1,336
Other Revenue
$7,665
All Other Contributions
$1,052,408
Change in Net Assets
$276,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,911,332
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,911,332
Total Revenue per Form 990
$1,911,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,436,040
Other Expenses$198,538
Total Fundraising Expense$65,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,006,093$25,982$17,214$1,049,289
Current Officers, Directors, Trustees, and Key Employees$84,523$58,799$40,424$183,746
Other Employee Benefits$102,914$211$77$103,202
Payroll Taxes$89,145$6,348$4,310$99,803
Fees for Services Other$58,751$1,879$1,276$61,906
Fees for Services Accounting-$50,880-$50,880
Information Technology$24,829$1,768$1,201$27,798
Office Expenses$11,911$841$571$13,323
Fees for Services Legal-$11,004-$11,004
Insurance$4,671$333$225$5,229
All Other Expenses$1,672$2,992-$4,664
Advertising$1,585$2,754-$4,339
Other Expenses$3,199$636$148$3,983
Occupancy$1,047--$1,047
Total Functional Expenses$1,400,340$168,792$65,446$1,634,578

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,634,578
Total Expenses per Audited Statements$1,634,578
Total Expenses per Form 990$1,634,578
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The federal form 990 and massachusetts form pc are reviewed by the president and then circulated to the board for approval before filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is circulated annually to staff members and signed.

Form 990, Part VI, Section B, Line 15

The ceo will put before the board any significant changes in salary for key employees as part of the budgeting process and the board will vote on the new salaries when they vote on the budget.

Form 990, Part VI, Section C, Line 19

The annual report & articles of organization are available on the secretary of state of the commonwealth of massachusetts website, the determination letter is available on the irs webite, and the annual report, 990, and articles of organization are available on the office of ma attorney general website.

Filing and Contact Details

Filer

Filer Name
Fishtank Learning Inc
EIN
85-4065590
Phone
6173027735
Address
769 CENTRE STREET STE 208, BOSTON, MA 02130

Signing Officer

Name
Claire Kaplan
Title
CEO
Phone
6173027735
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Kaplan
Formed
2020
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
2
Employees
24
Volunteers
2

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Joyce Ripianzi CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The president and board of directors oversee the audit and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization qualifies under section 501(c)(3) of the internal revenue code (the "code") as exempt from federal and state income taxes. The organization is not a private foundation within the meaning of section 509(a) of the code because it is an organization described in section 509(a)(2) of the code.

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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0857588
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01052408
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01253948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02306356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01336
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01336
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01034483
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07665
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02134
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09799
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01749056
IRS990ScheduleA/SubstantialContributorsTotAmt0557300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01052408
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01253948
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02306356
IRS990ScheduleA/TotalSupportAmt02317491
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01634578
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01911332
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE BECAUSE IT IS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2) OF THE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01634578
IRS990ScheduleD/TotalRevenuePerForm990Amt01911332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01911332
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01634578
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0144529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024774
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CLAIRE KAPLAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/PRESIDENT/TREASURER/CLERK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0169303
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FEDERAL FORM 990 AND MASSACHUSETTS FORM PC ARE REVIEWED BY THE PRESIDENT AND THEN CIRCULATED TO THE BOARD FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS CIRCULATED ANNUALLY TO STAFF MEMBERS AND SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO WILL PUT BEFORE THE BOARD ANY SIGNIFICANT CHANGES IN SALARY FOR KEY EMPLOYEES AS PART OF THE BUDGETING PROCESS AND THE BOARD WILL VOTE ON THE NEW SALARIES WHEN THEY VOTE ON THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL REPORT & ARTICLES OF ORGANIZATION ARE AVAILABLE ON THE SECRETARY OF STATE OF THE COMMONWEALTH OF MASSACHUSETTS WEBSITE, THE DETERMINATION LETTER IS AVAILABLE ON THE IRS WEBITE, AND THE ANNUAL REPORT, 990, AND ARTICLES OF ORGANIZATION ARE AVAILABLE ON THE OFFICE OF MA ATTORNEY GENERAL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT AND BOARD OF DIRECTORS OVERSEE THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01118196
IRS990/TotalAssetsEOYAmt01462120
IRS990/TotalAssetsGrp/BOYAmt01118196
IRS990/TotalAssetsGrp/EOYAmt01462120
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01052408
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt065446
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168792
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01400340
IRS990/TotalFunctionalExpensesGrp/TotalAmt01634578
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0470797
IRS990/TotalLiabilitiesEOYAmt0537967
IRS990/TotalLiabilitiesGrp/BOYAmt0470797
IRS990/TotalLiabilitiesGrp/EOYAmt0537967
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0647399
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0924153
IRS990/TotalOtherCompensationAmt025114
IRS990/TotalProgramServiceExpensesAmt01400340
IRS990/TotalProgramServiceRevenueAmt0849923
IRS990/TotalReportableCompFromOrgAmt0245514
IRS990/TotalRevenueGrp/ExclusionAmt01336
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0857588
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01911332
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01118196
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01462120
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0769 CENTRE STREET STE 208
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002130
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTPS://WWW.FISHTANKLEARNING.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z

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