Momentum Unlimited Inc
- Assets
- $13.9m
- Revenue
- $22.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Rockville, MD
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 38-3852989
Organization Overview
Momentum Unlimited Inc is located in Rockville, MD. The organization was established in 2012. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Momentum Unlimited Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Unlimited 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 Unlimited Inc generated $22.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $16.0m during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 8 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
TO EMPOWER WOMEN TO CHANGE THE WORLD THROUGH JEWISH VALUES THAT TRANSFORM COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOMENTUM OFFERS A YEAR-LONG EDUCATIONAL EXPERIENCE FOR WOMEN AND MEN WHICH INCLUDES A SPECIAL GIFT: A HIGHLY SUBSIDIZED 8-DAY ACTION-PACKED TRIP TO ISRAEL. WOMEN AND MEN FROM ALL PARTS OF THE WORLD TRAVEL AS A GROUP, GROW AS A GROUP, AND CONTINUE THEIR JOURNEY BACK TO THEIR COMMUNITIES AS BROTHERS AND SISTERS, HAVING SHARED AN INCREDIBLE EXPERIENCE TOGETHER. MOMENTUM EXPANDED OUR OFFERINGS TO INCLUDE A WIDE ARRAY OF PROGRAMS MORE EASILY ACCESSIBLE FROM ANYWHERE. FROM PODCASTS TO YOMM, AN APP CONNECTING WOMEN THROUGHOUT THE GLOBE, TO WEB ARTICLES, WE REACHED WOMEN AND MEN IN THEIR DAILY LIVES TO PROVIDE INSPIRATION AND JEWISH GROWTH. MOMENTUM HAS OPENED MANY DIFFERENT DOORS IN THE JEWISH JOURNEY TO OUR GLOBAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Hochberg President | OfficerTrustee | 10 | $0 |
Rachel Chafetz Vice-President | OfficerTrustee | 10 | $0 |
Connie Lindenauer Treasurer | OfficerTrustee | 10 | $0 |
Rivka Kidron Secretary | OfficerTrustee | 10 | $0 |
Helen Zalik Director | Trustee | 20 | $0 |
Cindy Zitelman Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goinspire Tour Operator | 12/30/22 | $3,565,513 |
200 Applications Ltd Software Development | 12/30/22 | $240,365 |
Authentic Israel Tour Operator | 12/30/22 | $1,749,429 |
Ira Ginzburg Graphic Design And Marketing | 12/30/22 | $152,271 |
Qreative Edge Videography And Video Editing | 12/30/22 | $136,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,396,948 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,912,983 |
| Noncash contributions included in lines 1a–1f | $28,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,309,931 |
| Total Program Service Revenue | $3,128,415 |
| Investment income | $1,811 |
| 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 | $22,440,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,107,841 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $728,666 |
| Compensation of current officers, directors, key employees. | $220,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,318,165 |
| Pension plan accruals and contributions | $98,098 |
| Other employee benefits | $461,312 |
| Payroll taxes | $283,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,111 |
| Fees for services: Accounting | $41,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,089,962 |
| Advertising and promotion | $336,687 |
| Office expenses | $193,530 |
| Information technology | $28,627 |
| Royalties | $0 |
| Occupancy | $293,763 |
| Travel | $270,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,399,004 |
| Interest | $14,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,769 |
| Insurance | $0 |
| All other expenses | $184,389 |
| Total functional expenses | $16,034,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,141 |
| Savings and temporary cash investments | $3,864,879 |
| Pledges and grants receivable | $8,207,242 |
| Accounts receivable, net | $321,297 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $255,912 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,518 |
| Net Land, buildings, and equipment | $420,877 |
| Investments—publicly traded securities | $666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $775,212 |
| Total assets | $13,928,744 |
| Accounts payable and accrued expenses | $1,913,782 |
| Grants payable | $0 |
| Deferred revenue | $883,690 |
| 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 | $744,316 |
| Other liabilities | $794,678 |
| Total liabilities | $4,336,466 |
| Net assets without donor restrictions | $1,875,464 |
| Net assets with donor restrictions | $7,716,814 |
| 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 | $13,928,744 |