Momentum Network
- Assets
- $146.7k
- Revenue
- $256.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Chattanooga, TN
- Founding
- 04/2018
- Data as of
- 06/2022
- EIN
- 81-5479975
Organization Overview
Momentum Network is located in Chattanooga, TN. The organization was established in 2018. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Momentum Network employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Network 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 06/2022, Momentum Network generated $256.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $191.9k during the year ending 06/2022. While expenses have increased by 16.8% per year over the past 5 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
BUILDING THE VILLAGE TO PROPEL TWO-GENERATIONS TO SHATTER STATISTICS AND GROW STRONGER WITH SINGLE MOMS IN COLLEGE AND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRINGING TOGETHER MOMS, KIDS, MENTORS, PEERS, VOLUNTEERS AND PROFESSIONALS TO ADDRESS THE CHALLENGES THAT SINGLE AND EXPECTANT MOMS FACE. SINGLE MOMS ARE ENCOURAGED AND ASSISTED TO COMPLETE A BACHELOR'S DEGREE OR OTHER COLLEGIATE PROGRAM THAT LEADS TO A LIVING WAGE JOB. WORKING WITH MOMS TO HELP THEM RECOGNIZE AND DEVELOP THEIR STRENGTHS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Rocha Treasurer | Officer | 1 | $0 |
Dr Karen Eastman Member At La | Officer | $0 | |
Mellanee Walls President | Officer | $0 | |
Rebekah Mcnair Secretary | Officer | $0 | |
Julia Kurschner Member At La | Trustee | $0 | |
Erika Hodges Member At La | Trustee | $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 | $227,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,388 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $256,109 |
| 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. | $54,011 |
| Compensation of current officers, directors, key employees. | $10,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $70 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,900 |
| Advertising and promotion | $917 |
| Office expenses | $1,681 |
| Information technology | $1,262 |
| Royalties | $0 |
| Occupancy | $37,775 |
| Travel | $49 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,146 |
| All other expenses | $100 |
| Total functional expenses | $191,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $237 |
| 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 | $2,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,721 |
| Accounts payable and accrued expenses | $16,000 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,000 |
| Net assets without donor restrictions | $109,437 |
| Net assets with donor restrictions | $21,284 |
| 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 | $146,721 |