E320 Project
- Assets
- $713.0k
- Revenue
- $385.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Webster, TX
- Founding
- 05/2015
- Data as of
- 08/2023
- EIN
- 46-5154803
Organization Overview
E320 Project, operating under the name The Momentum Academy, is located in Webster, TX. The organization was established in 2015. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Academy 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 08/2023, Momentum Academy generated $385.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $238.3k during the year ending 08/2023. While expenses have increased by 0.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MOMENTUM ACADEMY IS AN ACADEMIC AND THERAPEUTIC LEARNING CENTER THAT PARTNERS WITH FAMILIES TO ENCOURAGE STUDENTS TO REALIZE THEIR FULL POTENTIAL IDENTITY AND VALUE. INDIVIDUALIZED CURRICULUM IS DESIGNED SPECIFICALLY FOR EACH STUDENT AND CARRIED OUT IN A LOW STUDENT TEACHER RATIO. THE MOMENTUM ACADEMY VIEWS EACH STUDENT HOLISTICALLY TAKING INTO ACCOUNT THE ACADEMIC EMOTIONAL AND SPIRITUAL NEEDS OF EACH STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2022-2023 FISCAL YEAR 21 STUDENTS WERE ENROLLED IN THE E320 PROJECT'S SCHOOL THE MOMENTUM ACADEMY. THESE STUDENTS EACH HAD AN INDIVIDUALIZED CURRICULUM DESIGNED SPECIFICALLY FOR THEIR NEEDS. OUR STUDENTS SERVED HAD A DIAGNOSIS OF AT LEAST ONE OF THESE MEDICAL AND OR ACADEMIC CONDITIONS: AUTISM ADHD ADD ANXIETY AUDITORY PROCESSING DISORDER DYSCALCULIA DYSLEXIA DYSGRAPHIA EXECUTIVE FUNCTION DISORDER EXPRESSIVE LANGUAGE DISORDER AND SENSORY INTEGRATION DISORDER. THESE STUDENTS COMPLETED REQUIRED COURSEWORK FOR ACADEMIC COMPLETION IN A SETTING THAT IS CONDUCIVE TO THEIR SPECIFIC NEEDS WHICH COULD THEY ARE AT THE CORRECT ACADEMIC LEVEL. PARENTS HAVE ACCESS TO THEIR STUDENT'S PROGRESS 24 HOURS A DAY 7 DAYS A WEEK VIA A SECURE WEBSITE. STUDENTS ARE TAUGHT IN A LOW STAFF-STUDENT RATIO. THIS LOW RATIO IS NOT AVAILABLE IN OTHER SCHOOLS IN OUR AREA. WE ARE MEETING AN UNMET NEED AND TAKE PRIDE IN IT. STUDENTS ARE ASSESSED ON AN ONGOING BASIS TO ENSURE PROGRESS. IN DECEMBER OF 2022 TWO STUDENTS GRADUATED EARLY; IT WAS THE FIRST TIME IN THE SCHOOL'S HISTORY THAT STUDENTS FINISHED EARLY. MAY 2024 THE SCHOOL GRADUATED SIX SENIORS THE LARGEST GRADUATING CLASS TO DATE.
MOMENTUM'S ACADEMY'S SERVICE DOG COCO WAS TRAINED AT MADE IN TEXAS ASSISTANCE DOGS. SHE WORKS ALL DAY EVERY SCHOOL DAY AND IS A TOOL FOR EVERY STUDENT. SHE MOVES FROM MATH TO SCIENCE TO READING THROUGHOUT THE DAY. SHE IS HELPFUL IN REDUCING STUDENT AND STAFF ANXIETY AND WITH MANAGING BEHAVIOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Seale Board Chair | Officer | 4 | $0 |
Stephanie Ehlers Cofounder And Member At Large | Trustee | 4 | $0 |
Joshua Smith Vice Chair | Officer | 1 | $0 |
Liz Webb Treasurer | Officer | 2 | $0 |
Paul Mccrae Emeritus | Trustee | 1 | $0 |
Shannon Hayes Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,508 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,666 |
| Total Program Service Revenue | $220,842 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,417 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,031 |
| 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 | $153,011 |
| Pension plan accruals and contributions | $6,231 |
| Other employee benefits | $101 |
| Payroll taxes | $33,023 |
| Fees for services: Management | $2,268 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $794 |
| Office expenses | $3,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,657 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $851 |
| Interest | -$60 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,014 |
| All other expenses | $0 |
| Total functional expenses | $238,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,179 |
| Savings and temporary cash investments | $253,391 |
| 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 | -$550 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $713,020 |
| Accounts payable and accrued expenses | -$4,172 |
| Grants payable | $0 |
| Deferred revenue | $12,475 |
| 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 | $0 |
| Total liabilities | $8,303 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $557,984 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $146,733 |
| Total liabilities and net assets/fund balances | $713,020 |