Momentum West
- Assets
- $94.4k
- Revenue
- $251.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 11/1991
- Data as of
- 12/2022
- EIN
- 39-1710565
Organization Overview
Momentum West is located in Eau Claire, WI. The organization was established in 1991. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum West is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Momentum West generated $251.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $181.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE ECONOMY OF THE CHIPPEWA VALLEY BY COORDINATING EFFORTS AMONG COMMUNITIES, PUBLIC INSTITUTIONS, COUNTIES, AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAM TOUR: THE FAM TOUR IS A THREE-DAY EVENT WHERE WE BRING SITE SELECTORS TO THE REGION AND TOUR SHOVEL READY SITES AND MEET WITH INDUSTRY/EDUCATION LEADERS. THE EVENT IS HELD TO MAKE SITE SELECTORS AWARE OF OUR REGION IN HOPES OF LANDING A DEVELOPMENT PROJECT. DUE TO COVID IN 2020 WE SHIFTED FROM AN IN PERSON VISIT TO DEVELOPING A SERIES OF VIDEOS SHOWING THE ASSETS OF REGION INCLUDING SITES, INFRASTRUCTURE, HIGHER EDUCATION AND THE TALENT PIPELINE, COMMUNITIES, QUALITY OF LIFE, ETC. THESE VIDEOS ARE BEING WRAPPED UP NOW AND LINKS WILL BE SENT TO SITE SELECTORS/DEVELOPERS AS WELL AS PROMOTED BY PARTNERS AND MOMENTUM WEST FOR TALENT ATTRACTION EFFORTS.
INSPIRE LAUNCH:THE PURPOSE OF THE INSPIRE LAUNCH WAS TO FURTHER PROMOTE INSPIRE CONNECTIONS, A CAREER AND ACADEMIC PLANNING SOFTWARE TOLL USED IN OUR REGIONS HIGH SCHOOLS AND MIDDLE SCHOOLS ALONG WITH XELLO, THE SOFTWARE THE STATE PROVIDES THE SCHOOLS FOR ACADEMIC AND CAREER PLANNING (ACP). IT CONNECTS STUDENTS WITH BUSINESS AND INDUSTRY TO INFORM THEM OF CAREER OPTIONS AND LEARNING EXPERIENCES OFFERED WHILE STILL IN SCHOOL. IT IS ACTIVE IN MOST OF THE DISTRICTS IN THE REGION AND HAS OVER 200 BUSINESSES PARTICIPATING.
OTHER ECONOMIC DEVELOPMENT ACTIVITIES INCLUDING VARIOUS MARKETING ACTIVITIES, CONFERENCES, CONVENTIONS, MEETINGS, AND INFORMATION TECHNOLOGY EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Elwood Chair | OfficerTrustee | 1 | $0 |
Rob Kreibach Chair Elect/secretary/treasurer | OfficerTrustee | 1 | $0 |
Lynn Nelson Executive Committee Member | OfficerTrustee | 1 | $0 |
Katherine Frank Executive Committee Member | OfficerTrustee | 1 | $0 |
Rick Greisen Past Chair | OfficerTrustee | 1 | $0 |
Steve Jahn Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,049 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $138,050 |
| Fees for services: Legal | $1,525 |
| Fees for services: Accounting | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,975 |
| Advertising and promotion | $18,450 |
| Office expenses | $933 |
| Information technology | $8,156 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,522 |
| All other expenses | $1,796 |
| Total functional expenses | $180,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,393 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $94,393 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,393 |
Grants Awarded
Over the last fiscal year, Momentum West has awarded $37,702 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN ECONOMIC DEVELOPMENT CORPORATION PURPOSE: TALENT INITIATIVES PROGRAMTALENT INITIATIVE PROGRAM | $32,702 |
WISCONSIN ECONOMIC DEVELOPMENT CORPORATION PURPOSE: STEM PROGRAM | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Momentum West has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Covia Foundation Independence, OH PURPOSE: 2018 SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples Cooperative Services Oronoco, MN | $177,535,847 | $51,884,380 |
Ann Arbor Spark Ann Arbor, MI | $15,665,812 | $11,784,140 |
Benedictine Living Community Owatonna Minneapolis, MN | $16,154,920 | $11,439,984 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Rochester Mn Convention & Visitors Bureau Rochester, MN | $3,813,150 | $6,781,864 |
Builders Association Of The Twin Cities Roseville, MN | $16,664,252 | $7,996,813 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |