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← MOMENTUM ADVISORY COLLECTIVE

Form 990 for tax year 2023

Filed by MOMENTUM ADVISORY COLLECTIVE.

Totals

Total revenue
$4,511,262
Total expenses
$3,038,272
Contributions and grants received
$4,501,522
Grants paid
$909,211
Program service revenue
$0
Investment income
$9,740
Other revenue
$0
Total assets, end of year
$5,447,457
Total liabilities, end of year
$2,318,278
Net assets or fund balances, end of year
$3,129,179
Program services expenses (Part IX)
$2,397,397
Management and general expenses
$320,229
Fundraising expenses
$320,646
Program service expenses (Part III)
$2,397,397

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,501,522

  • 3 · Investment income

    total $9,740 · excluded $9,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $909,211 · program services $909,211

  • 5 · Compensation of officers, directors and key employees

    total $207,781 · program services $149,882 · management and general $26,709 · fundraising $31,190

  • 7 · Other salaries and wages

    total $937,148 · program services $676,006 · management and general $120,465 · fundraising $140,677

  • 8 · Pension plan contributions

    total $6,163 · program services $4,446 · management and general $792 · fundraising $925

  • 9 · Other employee benefits

    total $45,441 · program services $32,779 · management and general $5,841 · fundraising $6,821

  • 10 · Payroll taxes

    total $79,540 · program services $57,376 · management and general $10,224 · fundraising $11,940

  • 11b · Fees: legal

    total $3,653 · management and general $3,653

  • 11c · Fees: accounting

    total $33,000 · management and general $33,000

  • 11g · Fees: other

    total $376,808 · program services $270,948 · management and general $49,825 · fundraising $56,035

  • 12 · Advertising and promotion

    total $51,836 · program services $41,796 · management and general $5,822 · fundraising $4,218

  • 13 · Office expenses

    total $99,310 · program services $51,316 · management and general $24,921 · fundraising $23,073

  • 16 · Occupancy

    total $3,580 · management and general $3,580

  • 17 · Travel

    total $148,823 · program services $104,066 · management and general $15,972 · fundraising $28,785

  • 23 · Insurance

    total $12,225 · management and general $12,225

  • 24a · Other expenses: NEW RESTAURANT LOCATION

    total $123,753 · program services $99,571 · management and general $7,200 · fundraising $16,982

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,158,986 · end of year $3,994,311

  • 3 · Pledges and grants receivable

    end of year $1,088,244

  • 4 · Accounts receivable

    beginning of year $507,382 · end of year $364,902

  • 9 · Prepaid expenses and deferred charges

    beginning of year $495

  • 15 · Other assets

    beginning of year $45,614 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,222 · end of year $80,086

  • 25 · Other liabilities

    beginning of year $10,066 · end of year $2,238,192

  • 27 · Net assets without donor restrictions

    beginning of year $817,887 · end of year $2,245,691

  • 28 · Net assets with donor restrictions

    beginning of year $838,302 · end of year $883,488

Mission and programs · 2023

Mission

WE BUILD PROGRAMS THAT EXPAND OPPORTUNITY AND ENABLE SYSTEM-INVOLVED YOUTH TO REACH THEIR FULL POTENTIAL WITH THE HOLISTIC SUPPORT OF THEIR SUPPORT.

Activities or mission (Part I)

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 THE ARTICLES OF INCORPORATION, INCLUDING THE EXERCISE OF ALL OTHER POWER.

  • 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.

    Expenses $2,397,397 · Grants $909,211

As filed on the 2023 return.

Listed in Part VII

  • Jim Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gareth Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Hasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheng Lim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charisse Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nelson Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Olivia Cole

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $207,782
    From this org
    $207,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,782
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $207,782

  • Chad Houser

    CEO

    Total calculated
    $0
    Hours/week
    25

  • Alexandra Ostrow

    COO

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CAFE MOMENTUM

    501(C)(3) · RESTAURANT AND TRAINING FOR AT-RISK YOUTH · TX

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349325316

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