Cafe Momentum Nashville Corporation
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$647,750.00
Projected Expenses
$647,679.00
Organizational Budgets and Other Documents
| 2024 Operating budget | 2024 |
| 2023 Operating Budget | 2023 |
| Cafe Momentum Nashville Budget Projections | 2022 |
IRS Letter of Exemption
| Momentum Advisory Collective IRS Letter | 2020 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $441,421.00 | $861,426.00 | $0.00 |
| Total Expenses | $485,265.00 | $754,579.00 | $0.00 |
| Revenue Less Expenses | ($43,844.00) | $106,847.00 | ($-0.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $301,250.00 | $615,000.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $75,000.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $11,248.00 | $25,704.00 | $0.00 |
| Indirect Public Support | $0.00 | $150,000.00 | $0.00 |
| Earned Revenue | $52,112.00 | $80,465.00 | $0.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $1,811.00 | $-9,743.00 | $0.00 |
| Revenue In-Kind | $0.00 | $10,819.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $207,261.00 | $76,301.00 | $0.00 |
| Administration Expense | $262,280.00 | $30,546.00 | $0.00 |
| Fundraising Expense | $15,724.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 91% | 806% | |
| Program Expense/Total Expenses | 43% | 71% | |
| Fundraising Expense/Contributed Revenue | 3% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Foundations and corporations $301,250.00 | Foundation and Corporations $615,000.00 | $0.00 |
| Second Highest Funding Source & Dollar Amount | State Government Grants $75,000.00 | Federated Campaigns $150,000.00 | $0.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $52,112.00 | Program Revenue $80,465.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $718,895.00 | $799,891.00 | $0.00 |
| Current Assets | $674,691.00 | $795,193.00 | $0.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $8,996.00 | $45,312.00 | $0.00 |
| Total Net Assets | $709,899.00 | $754,579.00 | $0.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| 2023 Form 990 | 2023 |
| 2022 990 | 2022 |
| 990-N | 2021 |
| IRS Tax Form 990 | 2020 |
| Momentum Advisory Co 990 | 2019 |
Audit Documents
| 2023 Reviewed Statements (DRAFT) | 2023 |
| 2023 Reviewed Financial Statements | 2023 |
| 2022 Audtied Financials | 2022 |
| Audited financials | 2020 |
Foundation Staff Comments
| Financials taken from Form 990. Form 990 was prepared by SPD CPAs. Comments provided by Nicole Rose 09/30/2024. |
