Overview
What is Momentum Advisory Collective?
Momentum Advisory Collective is a nonprofit organization based in Dallas, Texas, with a focus on empowering community leaders and employers across the United States. Their mission is to launch and manage innovative culinary training programs that provide vital life skills, education, and employment opportunities for at-risk youth emerging from juvenile detention facilities. By offering advocacy, programmatic training, and support, Momentum Advisory Collective aims to help these young individuals achieve their full potential, leveraging the proven methods of Cafe Momentum. The organization, which employs ten individuals, has the authority to accept donations and use them to carry out its purpose, including directing resources towards initiatives that expand opportunities and enable system-involved youth to thrive.
Official website here: www.momentumadvisory.co
What are the reviews and ratings of this charity?
Charity Navigator Rating 95%
Momentum Advisory Collective has earned an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 95% in this category, indicating a high level of transparency and responsible financial management. This rating is based solely on the Accountability & Finance beacon, emphasizing the charity's commitment to ethical practices.
One of the standout features of Momentum Advisory Collective is its governance structure, which consists entirely of independent board members. The board’s size and composition contribute to the organization's integrity and decision-making processes. Additionally, the charity demonstrates excellent financial health with a low liabilities-to-assets ratio and a high program expense ratio, suggesting that most funds are directed toward its mission.
However, while the financial metrics are robust, no additional information is provided about the charity's specific programs or impact on the community. This leaves potential donors and stakeholders wanting more insight into the organization's activities beyond its financial performance. Overall, Momentum Advisory Collective shows a commendable commitment to accountability, but additional context on its programs would enhance its evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Momentum Advisory Collective legitimate?
Momentum Advisory Collective is a legitimate nonprofit organization registered as a 501(c)(3) entity. Momentum Advisory Collective 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: $180,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $950,340
For more financial information, click here
Official website here: www.momentumadvisory.co
What is the mission statement of Momentum Advisory Collective?
The mission of Momentum Advisory Collective is centered around providing advocacy, programmatic training, and support for at-risk youth, drawing from the successful methods of CAFE Momentum. Their purpose is to help these youth achieve their full potential. The organization has the authority to accept property and perform necessary actions to carry out its mission, which includes expanding opportunities and enabling system-involved youth to reach their full potential with holistic support. Momentum Advisory Collective advises and trains community leaders and employers across the United States, guiding them in launching and managing innovative culinary training programs that offer life skills, education, and employment opportunities to youth transitioning from juvenile detention facilities.
Official website here: www.momentumadvisory.co
Who is the CEO of Momentum Advisory Collective?
Chad Houser is the Ceo of Momentum Advisory Collective. The CEO's salary of Momentum Advisory Collective is $0 and their total compensation is $0.
Official website here: www.momentumadvisory.co
What is the revenue of Momentum Advisory Collective?
Momentum Advisory Collective's revenue in 2022 was $2,748,641.
Official website here: www.momentumadvisory.co
Who are the executives of Momentum Advisory Collective and what are their salaries?
The average compensation at Momentum Advisory Collective during 2022 was $113,129. There are 10 employees at Momentum Advisory Collective.
Here are 11 key members and their salaries (Momentum Advisory Collective's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $180,950
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- Other: $0
Official website here: www.momentumadvisory.co
Where can I find the form 990 for Momentum Advisory Collective?
Momentum Advisory Collective's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.momentumadvisory.co
Learn more at the official website: www.momentumadvisory.co
Mission Statement of Momentum Advisory Collective
Momentum Advisory Collective is an organization dedicated to empowering at-risk youth by providing advocacy, programmatic training, and support. Drawing upon the successful methods of CAFE Momentum, this nonprofit aims to help these youth realize their full potential. Through its mission, Momentum Advisory Collective has the authority to receive and manage property donations and perform various tasks to further its objectives.
At the heart of Momentum Advisory Collective's mission is the belief in expanding opportunities for system-involved youth. The organization achieves this by launching and managing innovative culinary training programs that offer life skills, education, and employment opportunities. These programs are designed to transform the lives of youth who have recently exited juvenile detention facilities. Beyond the culinary aspect, Momentum Advisory Collective also provides holistic support to these young individuals, enabling them to navigate their paths towards self-sufficiency and a better future.
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Impact
July, 2024
Momentum Advisory Collective's impact is evident in the transformation of at-risk youth's lives by providing advocacy, programmatic training, and support. Through innovative culinary training programs, they equip youth coming out of juvenile detention facilities with life skills, education, and employment opportunities. Their work extends beyond Dallas, TX, reaching community leaders and employers throughout the United States to launch and manage such impactful programs. By building opportunities and offering holistic support, Momentum Advisory Collective enables system-involved youth to reach their full potential and break the cycle of crime.
This information is meant to be a general summary of Momentum Advisory Collective. 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: $2,748,641
Assets and Liabilities:
- Total Assets: $1,712,477
- Total Liabilities: $56,288
- Net Assets: $1,656,189
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Organization Details
Founding Year
2019
Phone
(214) 303-1234Principal Officer
Chad Houser
Main Address
1510 PACIFIC AVE, DALLAS, TX, 75201
Website
www.momentumadvisory.coNTEE Category
Code: I40 - Crime
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