Momentum Alumnae Program Inc
- Assets
- $434.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Birmingham, AL
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 26-1909257
Organization Overview
Momentum Alumnae Program Inc is located in Birmingham, AL. The organization was established in 2009. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Momentum Alumnae Program Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Alumnae Program 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 06/2022, Momentum Alumnae Program Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 17.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND LEADERSHIP TRAINING FOR WOMEN OF ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP CONFERENCE:MOMENTUM WILL CELEBRATE 20 YEARS OF ADVANCING WOMEN IN LEADERSHIP AT OUR BIENNIAL CONFERENCE, MARCH 16-17, 2022 AT THE BIRMINGHAM JEFFERSON CIVIC CENTER!OUR 2020 CONFERENCE WAS THE LAST EVENT IN BIRMINGHAM BEFORE THE PANDEMIC SHUTDOWN.THE FACT IS, COVID HAS TAKEN AN UNPRECEDENTED TOLL ON WORKING WOMEN. MANY FOUND THEMSELVES EDUCATING CHILDREN, TAKING EXTRAORDINARY PRECAUTIONS WITH PARENTS, AND CARRYING A HEAVY LOAD FOR CARE DURING THE PANDEMIC. THE RESULT? TAKING ON FEWER RESPONSIBILITIES AT WORK, TURNING DOWN CAREER-ADVANCING PROJECTS, OR LEAVING THEIR POSITIONS ENTIRELY.MOMENTUM WILL UTILIZE OUR CONFERENCE PLATFORM TO REINVIGORATE, INFORM, AND INSPIRE WOMEN IN ALABAMA TO DRAW ON EVERY OUNCE OF RESILIENCE TO LEAD THROUGH THESE DIFFICULT TIMES. OUR FAMILIES, OUR CAREERS, AND OUR FUTURES DEPEND ON IT.THREE INSPIRING KEYNOTE SPEAKERS:ECHO BROWN, ACTOR, AUTHOR, STORYTELLERJENN LIM, CEO AND CO-FOUNDER, DELIVERING HAPPINESSBARB STEGEMANN, FOUNDER AND SOCIAL ENTREPRENEUR, THE 7 VIRTUES30 LEADERSHIP BREAKOUT SESSIONS
EXECUTIVE PROGRAM BIRMINGHAM:OVER THE COURSE OF A NINE-MONTH CURRICULUM, MOMENTUM DEVELOPS LEADERSHIP SKILLS, CONFIDENCE, AND CONNECTIONS AMONG ALABAMA'S MOST PROMISING WOMEN. CLASS MEMBERS PARTICIPATE IN 360 ASSESSMENTS TESTING, DEVELOP A PERSONAL LEADERSHIP PLAN, RECEIVE EXECUTIVE COACHING, AND ATTEND MONTHLY SESSIONS LED BY NATIONALLY KNOWN FACILITATORS, EXPERTS, AUTHORS, AND PSYCHOLOGISTS, AS WELL AS LOCAL LEADERS.
UPWARD EARLY CAREER:MOMENTUM'S UPWARD PROGRAM IS TARGETED TO EARLY-CAREER WOMEN. THE PROGRAM LEVERAGES MOMENTUM'S EXPERTISE AND ALUMNAE NETWORK TO DEVELOP THE NEXT GENERATION OF TALENTED LEADERSHIP.UPWARD IS DELIVERED IN HALF-DAY SESSIONS OVER A NINE-MONTH PERIOD FROM FEBRUARY TO OCTOBER. PROGRAM SESSIONS ARE INTERACTIVE, CLASSROOM-STYLE AND FACILITATED BY TRAINING PROFESSIONALS AND MOMENTUM ALUMNAE. IN BETWEEN SESSIONS, PARTICIPANTS WILL COMPLETE ASSIGNMENTS, MEET WITH THEIR CO-MENTORING GROUP, AND ENJOY NETWORKING OPPORTUNITIES WITH EXPERIENCED SENIOR LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Glass Director | Trustee | 0.3 | $0 |
Lisa Arrington Director | Trustee | 0.3 | $0 |
Tiffany Degruy Director | Trustee | 0.3 | $0 |
Tere' Edwards Director | Trustee | 0.3 | $0 |
Necole Ezell Director | Trustee | 0.3 | $0 |
Emily Hynds Director | Trustee | 0.3 | $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 | $307,368 |
| Noncash contributions included in lines 1a–1f | $16,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,368 |
| Total Program Service Revenue | $645,796 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,444 |
| 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. | $95,591 |
| Compensation of current officers, directors, key employees. | $11,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,893 |
| Payroll taxes | $23,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,364 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,501 |
| Advertising and promotion | $16,239 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,352 |
| Travel | $310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,102 |
| Insurance | $4,104 |
| All other expenses | $138,814 |
| Total functional expenses | $1,317,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,963 |
| Savings and temporary cash investments | $384,797 |
| 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 | $6,375 |
| Net Land, buildings, and equipment | $7,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $434,358 |
| Accounts payable and accrued expenses | $7,342 |
| Grants payable | $0 |
| Deferred revenue | $42,068 |
| 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 | $146,128 |
| Total liabilities | $195,538 |
| Net assets without donor restrictions | $238,820 |
| 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 | $434,358 |