Momentum Foundation Inc
- Assets
- $204.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, TN
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 26-4022577
Organization Overview
Momentum Foundation Inc is located in Winchester, TN. The organization was established in 2011. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Foundation 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 12/2022, Momentum Foundation Inc generated $70.0k in total revenue. All expenses for the organization totaled $114.7k during the year ending 12/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED AVIATION EDUCATION, TRAINING, SUPPORT ENGINEERING TESTING, STATIC AND FLYING DISPLAYS AND PROVIDED LOCAL LAW ENFORCEMENT DEPARTMENTS WITH SEARCH AND RESCUE, COUNTER DRUG OPERATIONS, AND AERIAL INTERDICITON SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Allison Director | 0 | $0 | |
Troy Allison Director | 0 | $0 | |
Renee Goodwin Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,007 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,422 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $106,275 |
| Total expenses | $114,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,770 |
| Other assets | $0 |
| Total assets | $203,954 |
| Total liabilities | $29,000 |
| Net assets or fund balances | $174,954 |