Nonprofits›Momentum Education

Momentum Education

BELLAIRE, TX

Total revenue

$535K

Total expenses

$308K

Net assets

$1.2M

Grants received

$1.1M

46 grants

EIN

844102530

Tax year

2023

Mission

Our mission is to provide academic, career, and financial support to help first generation, low-income students earn a post-secondary education and enter the workforce.

Programs

1 program

Post secondary fellowship services providing post secondary students with young professionals to help reach career goals. 198 students served

Expenses: $124K

Financials

FY 2023

Revenue

Contributions & grants$528K
Program service revenue$7K
Investment income—
Other revenue$28
Total revenue$535K

Expenses

Grants paid$54K
Salaries & benefits$216K
Fundraising—
Other expenses$38K
Total expenses$308K
Total assets$1.2M
Net assets$1.2M

People

3 listed

NameRoleCompensation

RAJ SALHOTRA

PRESIDENT

Board

$70K

40 hrs/wk

SOMIR PAUL

VICE PRESIDENT

Board

—

10 hrs/wk

YRAYDA LOPEZ GARCIA

SECRETARY

Board

—

2 hrs/wk

Grants received

Showing 46 of 46

FromAmountPurposeYear
GREATER HOUSTON COMMUNITY FOUNDATION
$173K
EDUCATIONAL
2024
TEXAS MUTUAL INSURANCE COMPANY
$40K
Workforce Development & Safety Training
2024
AMERICAN ONLINE GIVING FOUNDATION INC
$22K
GENERAL SUPPORT
2024
TEXAS INSTRUMENTS FOUNDATION
$15K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2024
AMERICAN ENDOWMENT FOUNDATION
$10K
EDUCATIONAL
2024
The Tapeats Fund
$10K
High School Mentorship Program
2024
THE EDWARD AND HELEN OPPENHEIMER
$5K
EDUCATIONAL
2024
THE BOB & CATHLEEN DAVIS FOUNDATION
$5K
PERSONAL DEVELOPMENT
2024
THE CRAIN FOUNDATION
$1K
GENERAL CONTRIBUTION
2024
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$90K
For grant recipient's exempt purposes
2023
GREATER HOUSTON COMMUNITY FOUNDATION
$31K
EDUCATIONAL
2023
The Tapeats Fund
$10K
High School Mentorship Program
2023
ESB3 Foundation
$10K
High school graduation support
2023
AMERICAN ENDOWMENT FOUNDATION
$10K
EDUCATIONAL
2023
CENTERPOINT ENERGY FOUNDATION INC
$10K
GENERAL DONATION
2023
The Knobloch Family Foundation
$5K
Education
2023
THE EDWARD AND HELEN OPPENHEIMER
$3K
EDUCATIONAL
2023
THE BOB & CATHLEEN DAVIS FOUNDATION
$3K
PERSONAL DEVELOPMENT
2023
ALBERT & ETHEL HERZSTEIN
$3K
TOWARDS SUPPORT OF THE HIGH SCHOOL SCHOLARS PROGRAM.
2023
THE CRAIN FOUNDATION
$1K
GENERAL CONTRIBUTION
2023
HOUSTON ENDOWMENT INC
$100K
for General Operating Support, in honor of retiring Board member's service with Houston Endowment
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$79K
For grant recipient's exempt purposes
2022
DELOITTE FOUNDATION
$50K
MARKETPLACE GRANT
2022
GREATER HOUSTON COMMUNITY FOUNDATION
$25K
EDUCATIONAL
2022
The Tapeats Fund
$10K
High School Mentorship Program
2022
Charity Guild of Catholic Women of
$10K
Program support
2022
AMERICAN ENDOWMENT FOUNDATION
$10K
EDUCATIONAL
2022
CENTERPOINT ENERGY FOUNDATION INC
$10K
GENERAL DONATION
2022
The Tapeats Fund
$10K
High School Mentorship Program
2022
THE ELKINS FOUNDATION
$5K
SUPPORT OF THE HIGH SCHOOL LEADERSHIP ACADEMY MENTORSHIP PROGRAM
2022
HOUSTON ENDOWMENT INC
$5K
Matching Gift
2022
THE BOB & CATHLEEN DAVIS FOUNDATION
$3K
PERSONAL DEVELOPMENT
2022
THE CRAIN FOUNDATION
$2K
GENERAL CONTRIBUTION
2022
THE EDWARD AND HELEN OPPENHEIMER
$1K
EDUCATIONAL
2022
THE ALLSTATE FOUNDATION
$500
Employee Helping Hands Grant
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$103K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$103K
For grant recipient's exempt purposes
2021
MAREK FAMILY FOUNDATION
$20K
TO MOVE PEOPLE FROM WHERE THEY ARE IN THEIR LIVES TO WHERE THEY WANT TO BE
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$92K
For grant recipient's exempt purposes
2020
HOUSTON ENDOWMENT INC
$10K
Matching Gift for General Operating Support
2020
HOUSTON ENDOWMENT INC
$10K
Matching Gift for General Operating Support
2020
DONOR ADVISED CHARITABLE GIVING INC
$10K
EDUCATION
2020
GREATER HOUSTON COMMUNITY FOUNDATION
$5K
Educational
2020
MAREK FAMILY FOUNDATION
$5K
TO MOVE PEOPLE FROM WHERE THEY ARE IN THEIR LIVES TO WHERE THEY WANT TO BE
2020
THE BOB & CATHLEEN DAVIS FOUNDATION
$3K
PERSONAL DEVELOPMENT
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$15K
For grant recipient's exempt purposes
2019

Funded by

$1.1M from 21 funders · 46 grants · 2019–2024

Fidelity Investments Charitable Gift Fund

$482K · 6 grants · 2019–2023

Greater Houston Community Foundation

$233K · 4 grants · 2020–2024

Houston Endowment Inc

$125K · 4 grants · 2020–2022

Deloitte Foundation

$50K · 1 grant · 2022

Texas Mutual Insurance Company

$40K · 1 grant · 2024

The Tapeats Fund

$40K · 4 grants · 2022–2024

American Endowment Foundation

$30K · 3 grants · 2022–2024

Marek Family Foundation

$25K · 2 grants · 2020–2021

Details

EIN844102530
Subsection03
Ruling date2020-01
Formed2019
Employees5
Volunteers200
MOMENTUM EDUCATION — Mission, Financials & Grants Received | Grantivo