Momentum Academy
- Assets
- $4.2m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 44
- Location
- St Louis, MO
- Founding
- 05/2013
- Data as of
- 06/2023
- EIN
- 45-4158630
Organization Overview
Momentum Academy is located in St Louis, MO. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Momentum Academy employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Momentum Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Momentum Academy generated $17.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $15.6m during the year ending 06/2023. While expenses have increased by 17.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PARENTS AND FAMILIES TOWARD THE PURSUIT OF ACADEMIC GREATNESS AND CHARACTER DEVELOPMENT IN A LOVING ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A K-8TH GRADE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM DIVERSE SOCIAL AND ECONOMIC BACKGROUNDS IN THE ST LOUIS MISSOURI METROPOLITAN AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Meyer Board President | Trustee | 5 | $0 |
David Simmons Board Vice President | Trustee | 2 | $0 |
Ron Richardson Board Treasurer | Trustee | 2 | $0 |
Kathy Houston-Kirk Board Secretary | Trustee | 2 | $0 |
Lee Harden Member | Trustee | 1 | $0 |
Fawad Javed Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ricoh Usa Inc Digital Transformation Services | 6/29/23 | $369,546 |
Open Sky Education Inc Management Fee | 6/29/23 | $377,317 |
Miriam Education Services | 6/29/23 | $293,063 |
Attunded Education Partners Llc Education Services | 6/29/23 | $185,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,054,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $377,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,431,879 |
| Total Program Service Revenue | $205,774 |
| Investment income | $9,978 |
| 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 | $17,847,663 |
| 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. | $377,260 |
| Compensation of current officers, directors, key employees. | $120,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,886,070 |
| Pension plan accruals and contributions | $793,342 |
| Other employee benefits | $709,526 |
| Payroll taxes | $460,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,235 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,933 |
| Office expenses | $968,935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,036,426 |
| Travel | $35,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,543 |
| Insurance | $112,395 |
| All other expenses | $206,722 |
| Total functional expenses | $15,632,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,830 |
| Savings and temporary cash investments | $3,561,635 |
| Pledges and grants receivable | $0 |
| 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 | $589,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,224,705 |
| 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 | $6,858 |
| Total liabilities | $6,858 |
| Net assets without donor restrictions | $4,217,847 |
| 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 | $4,224,705 |