Overview
What is Dallas Momentum Inc?
Dallas Momentum Inc, based in Dallas, Texas, is a nonprofit organization committed to promoting economic and civic prosperity in the greater Dallas area. They achieve this goal by providing grants for various programs, including economic development, talent attraction, education and workforce, public policy, innovation and research, leadership, diversity equity and inclusion, and community engagement. These initiatives are primarily developed and implemented by teams within the Dallas Regional Chamber, a related organization, to support the region's economic growth, civic prosperity, and community needs. The organization's mission, as a charitable entity, is to develop business in the Dallas metropolitan area and promote it as a business destination, as determined by their board of directors.
Is Dallas Momentum Inc legitimate?
Dallas Momentum Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Dallas Momentum 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Dallas Momentum Inc?
Dallas Momentum Inc's mission is centered around promoting economic and civic prosperity within a community. Specifically, the organization aims to develop business within its region and promote the region as a competitive business destination. This is done in conjunction with and in support of the charitable activities of the Dallas Regional Chamber. The activities of Dallas Momentum Inc are determined by its board of directors and are always carried out for charitable purposes, as defined by the Internal Revenue Code Section 501(C)(6).
Who is the CEO of Dallas Momentum Inc?
Dale A Petroskey is the Principal Officer of Dallas Momentum Inc.
What is the revenue of Dallas Momentum Inc?
Dallas Momentum Inc's revenue in 2022 was $3,224,672.
Who are the executives of Dallas Momentum Inc and what are their salaries?
There 4 volunteers at Dallas Momentum Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $639,421
- Other: $357,817
- Compensation: $0
- Related: $402,024
- Other: $133,836
- Compensation: $0
- Related: $270,813
- Other: $74,450
- Compensation: $0
- Related: $201,520
- Other: $66,542
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dallas Momentum Inc?
Dallas Momentum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dallas Momentum Inc
Dallas Momentum Inc is a nonprofit organization with a mission to promote the economic and civic prosperity of its community. Specifically, its purpose aligns with the charitable activities of the Dallas Regional Chamber, aiming to develop business within the greater metropolitan area of Dallas, Texas, and promote the marketing of this area as a desirable business destination. The organization's objectives, as determined by its board of directors, are all intended for charitable purposes, falling under Section 501(c)(6) of the Internal Revenue Code and the laws of the state of Texas. In essence, Dallas Momentum Inc works towards fostering economic growth and development within its community, contributing to its overall prosperity.
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Impact
October, 2024
Dallas Momentum Inc significantly enhances the economic prosperity of the greater Dallas area by providing targeted grants for programs that foster economic development, attract talent, and support education and workforce initiatives. Its impact extends across various domains, including public policy advocacy, innovation, leadership development, and community engagement.
By collaborating closely with the Dallas Regional Chamber, Dallas Momentum Inc ensures that these programs are not only well-developed but also effectively implemented, addressing the unique needs of the region. This comprehensive support bolsters civil prosperity and promotes Dallas as a prime business destination, both domestically and globally. The emphasis on diversity, equity, and inclusion further enriches the community, ensuring that the benefits of economic development are shared widely.
Overall, Dallas Momentum Inc plays a pivotal role in shaping a vibrant economic landscape in Dallas, driving growth and improving the quality of life for its residents.
This information is meant to be a general summary of Dallas Momentum 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.
- Gross Receipts: $3,224,672
Assets and Liabilities:
- Total Assets: $334,090
- Total Liabilities: $284,802
- Net Assets: $49,288
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Organization Details
Founding Year
2001
Phone
(214) 746-6770Principal Officer
Dale A Petroskey
Main Address
500 N Akard Street Suite 2600, Dallas, TX, 75201
NTEE Category
Code: S46 - Community improvement
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