The Motivational Edge Inc
- Assets
- $180.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Miami, FL
- Founding
- 05/2009
- Data as of
- 06/2021
- EIN
- 26-2916391
Organization Overview
The Motivational Edge Inc is located in Miami, FL. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Motivational Edge Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motivational Edge 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, Motivational Edge Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 24.2% 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
THE MOTIVATIONAL EDGE USES SOLUTIONS FOCUSED PROGRAMMING AS A PLATFORM TO INSPIRE YOUTH TOWARD ACADEMIC ACHIEVEMENT, INCREASED SELF CONFIDENCE AND BUILDING ESSENTIAL LIFE SKILLS. IN ADDITION, THE ORGANIZATION PROVIDES UNDER-RESOURCED YOUTH WITH A CREATIVE OUTLET FOR SELF EXPRESSION, WHILE INTEGRATING THERAPEUTIC COMPONENTS INTO ARTS, MUSIC AND WELLNESS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOTIVATIONAL EDGE USES SOLUTIONS FOCUSED PROGRAMMING AS A PLATFORM TO INSPIRE YOUTH TOWARD ACADEMIC ACHIEVEMENT, INCREASED SELF CONFIDENCE AND BUILDING ESSENTIAL LIFE SKILLS. IN ADDITION, THE ORGANIZATION PROVIDES UNDER-RESOURCED YOUTH WITH A CREATIVE OUTLET FOR SELF EXPRESSION, WHILE INTEGRATING THERAPEUTIC COMPONENTS INTO ARTS, MUSIC AND WELLNESS PROGRAMS. IN FISCAL YEAR 2020-2021: SECURED FUNDING FROM THE FIRST EVER GLOBAL FOUNDATION IN ELMA PHILANTHROPIES/ELMA MUSIC FOUNDATION OVER 500 KIDS SERVED IN THE MIAMI AREA ALONE OPEN TO THE COMMUNITY FROM 8AM - 8PM PROVIDED OVER 1000 RIDES FOR YOUNG PEOPLE IN NEED IN OUR 15 PASSENGER VAN PROVIDED OVER 4000 HOURS OF INSTRUCTION FOR STUDENTS IN NEED EMPLOYED OVER 25 INDIVIDUALS FROM THE MIAMI INVESTED OVER 500,000 INTO WAGES FOR OUR DIRECT SERVICE TEAM MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Welsch CEO | Officer | 40 | $83,077 |
Omar Barrera Director | Trustee | 1 | $0 |
Alexandre Cormont Director | Trustee | 1 | $0 |
Monica Reyes Director | Trustee | 1 | $0 |
David Gorson Director | Trustee | 1 | $0 |
Stan Rubin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,155,798 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $37,816 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,155,798 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,382 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,160,191 |
| 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. | $86,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $50,009 |
| Advertising and promotion | $6,941 |
| Office expenses | $5,297 |
| Information technology | $1,213 |
| Royalties | $0 |
| Occupancy | $167,777 |
| Travel | $30,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,399 |
| Insurance | $7,120 |
| All other expenses | $54,957 |
| Total functional expenses | $1,184,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,063 |
| 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 | $0 |
| Net Land, buildings, and equipment | $36,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,061 |
| Total assets | $180,085 |
| Accounts payable and accrued expenses | $1,239 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,699 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,224 |
| Total liabilities | $57,162 |
| Net assets without donor restrictions | $122,923 |
| 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 | $180,085 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Motivational Edge Inc has recieved totaling $59.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |