Momentum Advisory Collective
- Assets
- $1.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-2723840
Organization Overview
Momentum Advisory Collective is located in Dallas, TX. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Momentum Advisory Collective employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Advisory Collective is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ADVOCACY, PROGRAMMATIC TRAINING, AND SUPPORT FOR AT-RISK YOUTH TO ACHIEVE THEIR GREATEST POTENTIAL, BUILDING UPON THE TRIED AND TRUE METHODS OF CAFE MOMENTUM. IN FURTHERANCE OF SUCH PURPOSES AND MISSION, THE CORPORATION SHALL HAVE FULL POWER AND AUTHORITY:A. TO RECEIVE AND ACCEPT PROPERTY, WHETHER REAL, PERSONAL OR MIXED, BY WAY OF GIFT, BEQUEST, OR DEVISE, FROM ANY PERSON, FIRM, TRUST OR CORPORATION, TO BE HELD, ADMINISTERED, AND DISPOSED OF IN ACCORDANCE WITH AND PURSUANT TO THE GOVERNING INSTRUMENTS OF THE ORGANIZATION, AS THE SAME SHALL BE AMENDED FROM TIME TO TIME;ANDB. TO PERFORM ALL OTHER ACTS NECESSARY OR INCIDENTAL TO THE ABOVE AND TO DO WHATEVER IS DEEMED NECESSARY, USEFUL, ADVISABLE, OR CONDUCIVE, DIRECTLY OR INDIRECTLY, AS DETERMINED BY THE BOARD, TO CARRY OUT ANY OF THE PURPOSES OF THE ORGANIZATION, AS SET FORTH IN THESE ARTICLES OF INCORPORATION, INCLUDING THE EXERCISE OF ALL OTHER POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOMENTUM ADVISORY COLLECTIVE ADVISES AND TRAINS COMMUNITY LEADERS AND EMPLOYERS THROUGHOUT THE UNITED STATES IN LAUNCHING AND MANAGING INNOVATIVE CULINARY TRAINING PROGRAMS THAT PROVIDE LIFE SKILLS, EDUCATION, AND EMPLOYMENT OPPORTUNITIES TO TRANSFORM THE LIVES OF YOUTH COMING OUT OF JUVENILE DETENTION FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Houser CEO | OfficerTrustee | 25 | $0 |
Margaret Reid Windham Chief Development Officer | OfficerTrustee | 15 | $0 |
Alexandra Ostrow COO | OfficerTrustee | 40 | $0 |
Jim F Anderson Vice Chair | OfficerTrustee | 1 | $0 |
John Hasley Secretary | OfficerTrustee | 1 | $0 |
Heidi Mueller Treasurer | OfficerTrustee | 1 | $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 | $2,748,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,748,641 |
| 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 | $2,748,641 |
| 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. | $180,950 |
| Compensation of current officers, directors, key employees. | $18,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $950,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,268 |
| Payroll taxes | $75,613 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,871 |
| Travel | $77,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,547 |
| All other expenses | $88,557 |
| Total functional expenses | $1,945,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $507,382 |
| 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 | $495 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,614 |
| Total assets | $1,712,477 |
| Accounts payable and accrued expenses | $46,222 |
| 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 | $10,066 |
| Total liabilities | $56,288 |
| Net assets without donor restrictions | $817,887 |
| Net assets with donor restrictions | $838,302 |
| 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 | $1,712,477 |