Overview
What is Momentum Education?
Momentum Education is a nonprofit organization situated in Bellaire, Texas. With a team of four dedicated individuals, its primary mission is to serve high school students by offering mentorship programs. These services aim to prepare students for post-secondary education, ultimately leading them towards employment opportunities. The nonprofit provides mentorship, organizes after-school and summer activities, and offers scholarships to ensure equal access to higher education for its 400 beneficiaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Momentum Education has received a commendable Four-Star rating from Charity Navigator, indicating a high level of transparency and accountability in their operations. Their strong performance in Impact & Measurement, Culture & Community, and Leadership & Adaptability, all scoring 100, highlights the organization's commitment to making a significant impact and fostering a positive environment both internally and externally. Additionally, their financial health is reflected in an impressive Program Expense Ratio of 80.25%, indicating a substantial portion of their resources is directed towards their programs.
The organization boasts a 100% independent board, consisting of three members, which suggests a strong governance structure that is likely to contribute to effective decision-making and strategic planning. Furthermore, the low Liabilities to Assets Ratio of 0.63% points to a stable financial position, minimizing risks associated with debt. They also excel in feedback collection and impact evaluation, both scoring perfect marks, demonstrating a robust approach to assessing their effectiveness and responsiveness to community needs.
While the organization shows considerable strengths, the Accountability & Finance score of 67 suggests there may be areas for improvement in transparency or financial management practices. Overall, Momentum Education appears well-equipped to achieve its strategic goals of increasing program and post-secondary enrollment rates, backed by a solid leadership framework and community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Momentum Education legitimate?
Momentum Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Momentum Education 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: $68,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,601
For more financial information, click here
What is the mission statement of Momentum Education?
Momentum Education is committed to providing mentorship, after-school, and summer opportunities, alongside scholarships. Their primary goal is to ensure that students have access to post-secondary education and employment opportunities. Through their high school mentorship services, they assign mentors to students, helping them prepare for their post-secondary education. To date, they have served over 400 students.
Who is the CEO of Momentum Education?
Raj Salhotra is the President of Momentum Education.
What is the revenue of Momentum Education?
Momentum Education's revenue in 2023 was $651,142.
Who are the executives of Momentum Education and what are their salaries?
The average compensation at Momentum Education during 2023 was $46,971. There are 4 employees and 200 volunteers at Momentum Education.
There is 1 key member and their salary:
- Compensation: $66,000
- Related: $0
- Other: $0
Where can I find the form 990 for Momentum Education?
Momentum Education's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Momentum Education
Momentum Education, as a nonprofit organization, is dedicated to providing mentorship, after-school, and summer opportunities, along with scholarships, with the aim of ensuring that students have access to post-secondary education and employment. The organization's mission is to empower students by offering them the necessary guidance and resources to navigate their educational journey beyond high school. Through its mentorship services, Momentum Education pairs students with mentors who provide them with valuable advice and support as they prepare for college and their future careers. In the past year, this nonprofit has served around 400 students, making a significant impact on their lives and their future prospects.
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Impact
July, 2024
Momentum Education's impact can be seen in the lives of over 400 students served in Bellaire, TX. By providing mentorship, after-school and summer opportunities, as well as scholarships, Momentum Education is ensuring that these students have access to post-secondary education and employment opportunities. Through their high school mentorship services, students are being equipped with the necessary support to prepare for their future educational and career paths. Momentum Education's dedication to empowering students in this way is truly making a difference in their lives and setting them up for success beyond high school.
This information is meant to be a general summary of Momentum Education. 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 2023.
- Program Service Revenue: $78,750
- Gross Receipts: $651,142
Assets and Liabilities:
- Total Assets: $734,132
- Total Liabilities: $4,635
- Net Assets: $729,497
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Organization Details
Founding Year
2019
Phone
(713) 320-0303Principal Officer
Raj Salhotra
Main Address
5110 PINE ST, BELLAIRE, TX, 774014910
NTEE Category
Code: B90 - Education
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