Overview
What is The Momentum Network?
The Momentum Network is a nonprofit organization situated in Chattanooga, Tennessee, with the address 1152 Lincoln Park Lane, 37403. Their mission is to support single and expectant mothers in completing higher education, aiming for degrees or programs that lead to livable wage jobs. They accomplish this by fostering a community of mentors, peers, volunteers, and professionals who collectively address the challenges these mothers face. The organization's goal is to empower these mothers, helping them recognize and develop their strengths, ultimately aiming to break stereotypes and strengthen both the mothers and their children. With a staff of six dedicated individuals, The Momentum Network strives to build a supportive environment that fosters growth and success for these families.
Official website here: www.themomentumnetwork.org
Is The Momentum Network legitimate?
The Momentum Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Momentum Network 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: $54,011
Professional Fundraising Fees: $70
Other Salaries and Wages: $51,648
For more financial information, click here
Official website here: www.themomentumnetwork.org
What is the mission statement of The Momentum Network?
The Momentum Network's mission is to construct a supportive community, aiming to propel single mothers in college and their children towards overcoming statistical challenges and thriving. This is achieved by assembling a network of moms, children, mentors, peers, volunteers, and professionals to address the challenges faced by single and expectant mothers. The organization encourages and assists these mothers in completing a bachelor's degree or other collegiate program leading to a living wage job. The Momentum Network also assists in helping these mothers recognize and develop their strengths.
Official website here: www.themomentumnetwork.org
Who is the CEO of The Momentum Network?
Cara Hicks is the Treasurer of The Momentum Network.
Official website here: www.themomentumnetwork.org
What is the revenue of The Momentum Network?
The Momentum Network's revenue in 2022 was $256,109.
Official website here: www.themomentumnetwork.org
Who are the executives of The Momentum Network and what are their salaries?
The average compensation at The Momentum Network during 2022 was $17,610. There are 6 employees and 185 volunteers at The Momentum Network.
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Official website here: www.themomentumnetwork.org
Where can I find the form 990 for The Momentum Network?
The Momentum Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themomentumnetwork.org
Learn more at the official website: www.themomentumnetwork.org
Mission Statement of The Momentum Network
The Momentum Network, a nonprofit organization, is committed to building a supportive community that empowers single mothers in college and their children. Their mission is to propel these families towards overcoming statistics and growing stronger together. By bringing together mothers, children, mentors, peers, volunteers, and professionals, they aim to address the challenges that single and expectant mothers often face. The Momentum Network encourages and assists these mothers in completing a bachelor's degree or other collegiate program that leads to a living wage job. They work closely with the mothers to help them recognize and develop their strengths, ultimately contributing to their personal growth and the betterment of their families.
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Impact
October, 2024
The Momentum Network significantly impacts the lives of single mothers and their children by creating a supportive community that addresses the unique challenges these families face. By focusing on empowering single moms to attain higher education, the network helps them complete bachelor's degrees and other collegiate programs that lead to stable, living wage jobs.
Through collaborative efforts that include mentors, peers, volunteers, and professionals, the network fosters an environment where these mothers can recognize and develop their strengths. This multi-faceted support system not only aids them in their educational journeys but also fosters resilience and growth, directly benefiting their children. As a result, The Momentum Network works to dismantle statistics that often limit the potential of single-parent families, positioning them for a brighter future in Chattanooga, TN.
This information is meant to be a general summary of The Momentum Network. 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: $256,109
Assets and Liabilities:
- Total Assets: $146,721
- Total Liabilities: $16,000
- Net Assets: $130,721
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Organization Details
Phone
(423) 521-0071Principal Officer
Cara Hicks
Main Address
1152 LINCOLN PARK LANE, CHATTANOOGA, TN, 37403
Website
www.themomentumnetwork.orgNTEE Category
Code: W99 - Public benefit
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