Momentum Work Inc
- Assets
- $5.9m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 336
- Location
- Carpinteria, CA
- Founding
- 01/1969
- Data as of
- 06/2022
- EIN
- 95-2598337
Organization Overview
Momentum Work Inc is located in Carpinteria, CA. The organization was established in 1969. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Momentum Work Inc employed 336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Work 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 06/2022, Momentum Work Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $11.8m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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 PROVIDE SERVICES TO RESIDENTS OF THE TRI-COUNTIES WITH MENTAL AND/OR PHYSICAL DISABILITIES, SO THAT THEY MAY WORK AND LIVE INDEPENDENTLY AS CONTRIBUTING CITIZENS WITHIN THE COMMUNITY OF THEIR CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL PROGRAMS FOR HANDICAPPED AND DEVELOPMENTALLY DISABLED PERSONS
VOCATIONAL PROGRAMS FOR HANDICAPPED AND DEVELOPMENTALLY DISABLED PERSONS
OTHER PROGRAMS OF ASSISTANCE FOR HANDICAPPED AND DEVELOPMENTALLY DISABLED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Cowen Co-Chair | OfficerTrustee | 0.3 | $0 |
Gary Clancy Director | Trustee | 0.3 | $0 |
Ned Emerson Director | Trustee | 0.3 | $0 |
David Fainer Jr ESQ Director | Trustee | 0.3 | $0 |
Joe Salcedo Director | Trustee | 0.3 | $0 |
Cynthia Steffen Secretary | OfficerTrustee | 0.3 | $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 | $92,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,071 |
| Total Program Service Revenue | $10,959,011 |
| Investment income | $625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,552,681 |
| 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. | $290,838 |
| Compensation of current officers, directors, key employees. | $165,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,658,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $947,798 |
| Payroll taxes | $629,827 |
| 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 | $448,536 |
| Travel | $236,501 |
| 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 | $169,875 |
| Insurance | $48,265 |
| All other expenses | $221,601 |
| Total functional expenses | $11,759,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,200,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,045,307 |
| 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 | $1,649,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,577 |
| Total assets | $5,920,710 |
| Accounts payable and accrued expenses | $571,937 |
| 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 | $590,723 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,162,660 |
| Net assets without donor restrictions | $4,733,627 |
| Net assets with donor restrictions | $24,423 |
| 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 | $5,920,710 |