Momentum Alumnae Program Inc
- Assets
- $678.5k
- Revenue
- $635.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Birmingham, AL
- Founding
- 06/2009
- Data as of
- 06/2021
- 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 06/2021, Momentum Alumnae Program Inc employed 4 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 06/2021, Momentum Alumnae Program Inc generated $635.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $579.5k during the year ending 06/2021. While expenses have increased by 5.5% per year over the past 6 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
EDUCATION AND LEADERSHIP TRAINING FOR WOMEN OF ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTIVE LEADERSHIP PROGRAM: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 ASSESSMENT TESTING, DEVELOP A PERSONAL LEADERSHIP PLAN, AND COME TOGETHER FOR A LUNCHEON ORIENTATION, AN OVERNIGHT OPENING RETREAT, SEVEN FULL DAY SESSIONS, AND A CLOSING RETREAT AND GRADUATION CEREMONY. CLASS MEMBERS ARE ASSIGNED TO CO-MENTORING GROUPS, IN ORDER TO BUILD RELATIONSHIPS, SHARE IDEAS, AND HOLD ONE ANOTHER ACCOUNTABLE FOR PROGRESS ON THEIR PERSONAL PLAN. EACH PARTICIPANT IS ALSO GIVEN THE OPPORTUNITY TO BE PAIRED WITH SENIOR MENTORS WHO CAN OFFER ADVICE AND SUPPORT FOR CHALLENGES UNIQUE TO EACH INDIVIDUAL.
UPWARD LEADERSHIP PROGRAM: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.
FOCUS PROGRAM 2021:AN ONLINE VIRTUAL EVENT FOR THE COMMUNITY AT LARGE. DUE TO THE COVID PANDEMIC, MOMENTUM HOSTED THE 2021 LEADERSHIP EVENT VIRTUALLY. WITH WAVE AFTER WAVE OF CONCERNING EVENTS IN THE NEWS AND LIFE-CHANGING ROUTINES IN THE WORKPLACE AND AT HOME, THE THEME FOR 2021 WAS FOCUS. THE ORGANIZATION TOOK THE HARD LESSONS LEARNED IN 2020 AND TURNED THE FOCUS TO INNOVATIVE TEAMWORK, CAREER CONTROL, WORK-LIFE MANAGEMENT, AND INCLUSIVE CULTURE. WITH OVER 2,000 REGISTRATIONS, THE VIRTUAL EVENT HAD FOUR-TIMES THE REACH OF THE TRADITIONAL IN-PERSON COMMUNITY BREAKFAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Benetollo CEO | Officer | 40 | $80,651 |
Allyson Edwards Secretary | Officer | 1 | $0 |
Nancy Kane President | Officer | 1 | $0 |
Michele Elrod President-Elect | Officer | 1 | $0 |
Dawn Walton Treasurer | Officer | 2 | $0 |
Joy Carter Vice President Marketing | Officer | 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 | $253,252 |
| Noncash contributions included in lines 1a–1f | $3,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,252 |
| Total Program Service Revenue | $319,258 |
| Investment income | $358 |
| 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 | $635,148 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,996 |
| Payroll taxes | $18,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,221 |
| Advertising and promotion | $28,439 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,410 |
| Travel | $180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,274 |
| Insurance | $475 |
| All other expenses | $50,012 |
| Total functional expenses | $579,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,787 |
| Savings and temporary cash investments | $609,667 |
| 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 | $28,720 |
| Net Land, buildings, and equipment | $312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $678,486 |
| Accounts payable and accrued expenses | $4,123 |
| Grants payable | $0 |
| Deferred revenue | $10,264 |
| 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 | $200,975 |
| Total liabilities | $215,362 |
| Net assets without donor restrictions | $463,124 |
| 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 | $678,486 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Momentum Alumnae Program Inc has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $23,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Learning Institute Inc Tarpon Springs, FL | $9,314,882 | $36,728,738 |
Athens Regional Physician Services Inc Athens, GA | $5,832,166 | $29,787,030 |
American Maritime Officers Safety & Education Plan Dania Beach, FL | $9,015,305 | $20,171,131 |
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Continuing Education Company Palm Coast, FL | $2,142,823 | $4,620,080 |
Spanish American Basic Education And Rehabilitation Inc Saber Miami, FL | $1,202,159 | $3,782,505 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
I E C Social Educational & Humanitarian Aid Inc Orlando, FL | $3,778,105 | $3,335,745 |
Tampa Bay Innovation Hub Inc Tampa, FL | $14,630,343 | $4,568,115 |