Overview
What is Momentum Alumnae Program Inc?
Momentum Alumnae Program Inc, based in Birmingham, Alabama, is a distinguished nonprofit organization dedicated to empowering women in leadership roles. With a focus on education and leadership development, they aim to positively impact business, culture, and politics within the state of Alabama. Their biennial conference, scheduled for March 16-17, 2022, at the Birmingham Jefferson Civic Center, is an opportunity to celebrate two decades of success and offer support during these challenging times. The pandemic has had a significant impact on working women, and Momentum intends to utilize this platform to revitalize, educate, and inspire them, ensuring that they can lead effectively through these difficult times. Their mission is to be Alabama's premier women's leadership program, and they plan to achieve this by offering diverse women a chance to develop essential leadership skills. The organization employs a team of 5 individuals dedicated to this cause.
Official website here: www.momentumleaders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
Momentum Alumnae Program Inc has received a rating of "Needs Improvement" with a score of 73%. This indicates that while the organization demonstrates strong governance through an independent board and effective conflict of interest policies, it faces significant challenges in its financial transparency and accountability. The organization scores notably low in areas like financial statements and document retention, which raises concerns about its overall financial health and operational efficacy.
Strengths of the organization include a high accountability score for having a majority of independent board members and a solid liabilities to assets ratio, suggesting sound management of resources. Additionally, the program expense ratio is favorable, indicating that a significant portion of its expenditures is directed toward fulfilling its mission. However, the lack of published financial statements and inadequate policies for whistleblower protections could jeopardize stakeholder trust and hinder future fundraising efforts.
Overall, while Momentum Alumnae Program Inc has some solid structural policies in place, it needs to address its shortcomings in financial documentation and transparency to improve its standing and bolster community confidence. Enhancing these areas could lead to better evaluations in future assessments and expand its potential for impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Momentum Alumnae Program Inc legitimate?
Momentum Alumnae Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Momentum Alumnae Program Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $95,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,987
For more financial information, click here
Official website here: www.momentumleaders.org
What is the mission statement of Momentum Alumnae Program Inc?
Momentum Alumnae Program Inc aims to establish itself as a leading women's leadership program, empowering a diverse group of promising women in Alabama. The organization's mission is to equip these women with essential leadership skills that can positively influence various sectors, including business, culture, and politics. To achieve this, Momentum conducts a biennial conference, providing a platform for reinvention, information, and inspiration during challenging times. Despite the impact of the COVID-19 pandemic on working women, Momentum aims to help them navigate these difficulties and resume their roles effectively. The conference offers keynote speeches and numerous breakout sessions, providing valuable insights and networking opportunities.
Official website here: www.momentumleaders.org
Who is the CEO of Momentum Alumnae Program Inc?
April Benetollo is the Director of Momentum Alumnae Program Inc. The CEO's salary of Momentum Alumnae Program Inc is $95,591 and their total compensation is $107,294.
Official website here: www.momentumleaders.org
What is the revenue of Momentum Alumnae Program Inc?
Momentum Alumnae Program Inc's revenue in 2022 was $1,093,444.
Official website here: www.momentumleaders.org
Who are the executives of Momentum Alumnae Program Inc and what are their salaries?
The average compensation at Momentum Alumnae Program Inc during 2022 was $60,116. There are 5 employees and 230 volunteers at Momentum Alumnae Program Inc.
Here are 30 key members and their salaries (Momentum Alumnae Program Inc's CEO's salary is $95,591 and their total compensation is $107,294):
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- Compensation: $95,591
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- Other: $11,703
Official website here: www.momentumleaders.org
Where can I find the form 990 for Momentum Alumnae Program Inc?
Momentum Alumnae Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.momentumleaders.org
Learn more at the official website: www.momentumleaders.org
Mission Statement of Momentum Alumnae Program Inc
Momentum Alumnae Program Inc, a distinguished women's leadership organization in Alabama, is committed to empowering a diverse group of promising women. Its mission is to establish itself as Alabama's premier women's leadership program, enabling these women to develop and hone their leadership skills. These skills, in turn, are expected to positively influence various sectors, including business, culture, and politics, within the state.
The program's approach is multifaceted, aiming to provide a platform for education and leadership training. One of its most significant events is the biennial conference, which Momentum organizes to celebrate and foster the growth of women in leadership roles. The conference serves as a platform for reinforcing, informing, and inspiring women in Alabama, helping them navigate through challenging times with resilience. The conference features keynote speakers who share their experiences and insights, along with numerous breakout sessions that delve into diverse leadership topics.
In summary, Momentum Alumnae Program Inc's mission is to empower a diverse group of women in Alabama by providing them with leadership skills and opportunities. Through its conferences and training sessions, it aims to inspire and equip these women to make significant contributions to various sectors within the state.
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Impact
October, 2024
The Momentum Alumnae Program Inc significantly impacts women in Alabama through its commitment to education and leadership training. By organizing events such as the biennial leadership conference, which celebrated its 20th anniversary in 2022, the program creates a platform for networking, learning, and personal growth among women leaders in the state.
The recent conference addressed the unique challenges faced by women during the COVID-19 pandemic, recognizing the toll it has taken on their professional and personal lives. This acknowledgment is crucial in fostering resilience and empowerment, as participants are inspired to reclaim their leadership potential in both their careers and communities.
Featuring high-profile keynote speakers and a variety of leadership breakout sessions, the conference encourages attendees to develop essential leadership skills while also addressing the realities of women's experiences. This approach not only enhances individual capabilities but also serves to shift the cultural and political landscapes of Alabama by promoting diverse voices in leadership roles.
Overall, Momentum Alumnae Program Inc plays a vital role in advancing women's leadership, fostering a supportive community, and advocating for a positive impact on business, culture, and politics in Alabama.
This information is meant to be a general summary of Momentum Alumnae Program Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $130
- Program Service Revenue: $645,796
- Gross Receipts: $1,093,444
Assets and Liabilities:
- Total Assets: $434,358
- Total Liabilities: $195,538
- Net Assets: $238,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOMENTUM PROGRAM
Revenue
$621,015
ALUMNAE PROGRAM
Revenue
$24,781
Organization Details
Founding Year
2002
Phone
(205) 321-6100Principal Officer
April Benetollo
Main Address
2821 2ND AVENUE SOUTH B-1, BIRMINGHAM, AL, 35233
Website
www.momentumleaders.orgNTEE Category
Code: B600 - Education
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