Civic Intelligence

E320 Project

990 • Fiscal year 2020 • EIN 46-5154803

Sep 01, 2019 to Aug 31, 2020 • Filed on May 02, 2022

PO Box 58018Webster, TX 77598-8018

(832) 205-3770

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

75th percentile

26%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

87th percentile

84%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

54%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$267,620

Up $122,187 (+84%) from 2019

Net Assets

Up

$267,620

Up $122,187 (+84%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$314,704

Up $110,135 (+54%) from 2019

Expenses

Up

$233,154

Up $58,141 (+33%) from 2019

Net Income

Up

$81,550

Up $51,994 (+176%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2014: $27,328Liabilities 2014: $02014Assets 2015: $59,115Liabilities 2015: $02015Assets 2016: $60,135Liabilities 2016: $02016Assets 2017: $79,665Liabilities 2017: $02017Assets 2018: $103,706Liabilities 2018: $02018Assets 2019: $145,433Liabilities 2019: $0Net Assets 2019: $145,4332019Assets 2020: $267,620Liabilities 2020: $0Net Assets 2020: $267,6202020Assets 2021: $334,784Liabilities 2021: $0Net Assets 2021: $334,7842021Assets 2022: $416,585Liabilities 2022: $0Net Assets 2022: $416,5852022Assets 2023: $713,020Liabilities 2023: $8,303Net Assets 2023: $704,7172023

Highlighted filing

2020

Assets$267,620
Liabilities$0
Net Assets$267,620

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0Revenue 2014: $31,231Expenses 2014: $3,903Net Income 2014: $27,3282014Revenue 2015: $100,157Expenses 2015: $68,370Net Income 2015: $31,7872015Revenue 2016: $125,792Expenses 2016: $124,772Net Income 2016: $1,0202016Revenue 2017: $152,446Expenses 2017: $132,916Net Income 2017: $19,5302017Revenue 2018: $183,971Expenses 2018: $159,930Net Income 2018: $24,0412018Revenue 2019: $204,569Expenses 2019: $175,013Net Income 2019: $29,5562019Revenue 2020: $314,704Expenses 2020: $233,154Net Income 2020: $81,5502020Revenue 2021: $314,704Expenses 2021: $216,714Net Income 2021: $97,9902021Revenue 2022: $350,447Expenses 2022: $233,351Net Income 2022: $117,0962022Revenue 2023: $385,031Expenses 2023: $238,299Net Income 2023: $146,7322023

Highlighted filing

2020

Revenue$314,704
Expenses$233,154
Net Income$81,550
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
May 2, 2022
Return Version
2019v5.2
Gross Receipts
$322,297
Mission and Program Overview

Mission

The Momentum Academy is an academic and therapeutic learning center that partners with families to encourage students to realize their full potential identity and value. Individualized curriculum is designed specifically for each student and carried out in a low student teacher ratio. The Momentum Academy views each student holistically taking into account the academic emotional and spiritual needs of each student.

The Momentum Academy is an academic and therapeutic learning center that partners with families to encourage our students to realize their full potential identity and value. Individualized curriculum is designed specifically for each of our 19 students and is carried out in a low student teacher ratio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$145,433$267,620▲ $122,187
Cash and Non-Interest-Bearing Accounts$132,356$212,596▲ $80,240
Savings and Temporary Cash Investments$13,077$55,024▲ $41,947
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$145,433$267,620▲ $122,187
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$145,433$267,620▲ $122,187
Total Liabilities and Net Assets / Fund Balance$145,433$267,620▲ $122,187
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shannon HayesBoard Chair
Stephanie EhlersCofounder and Member at Large
Melissa HodgesCofounder and Secretary
Angelina FarellaMember at Large
Heather SealeMember at Large
Paul McRaeMember at Large
Liz WebbTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
n a--$0
Revenue and Support

Revenue Composition

Contributions and Grants
$42,141
Program Service Revenue
$236,905
Investment Income
$7
Other Revenue
$35,651
All Other Contributions
$36,431
Change in Net Assets
$81,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$192,676
Other Expenses$40,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$152,516$67$0$152,583
Payroll Taxes$40,093$0$0$40,093
Occupancy$19,057$0$0$19,057
Office Expenses$0$2,858$0$2,858
Insurance$0$2,658$0$2,658
Fees for Services Accounting$0$1,890$0$1,890
All Other Expenses$0$755$0$755
Fees for Services Other$300$0$0$300
Advertising$0$241$0$241
Conferences and Meetings$180$0$0$180
Total Functional Expenses$224,685$8,469$0$233,154
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,244
Fundraising Direct Expenses$7,593
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
gala$50,602$46,343$12,104$34,239
Event 2$0$0$0$0
Total Events$50,602$46,343$12,104$34,239
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 12C

Yes it is our policy that before voting on any issue a member would disclose any potential conflict of interest and would abstain from voting on this issue.

Part VI, Line 19

Documents are available upon request and no such requests were received.

Filing and Contact Details

Filer

Filer Name
E320 Project
EIN
46-5154803
In Care Of
% Stephanie Ehlers
Phone
8322053770
Address
PO BOX 58018, WEBSTER, TX 77598-8018
Doing Business As
The Momentum Academy

Signing Officer

Name
Stephanie Ehlers
Title
Co-Founder
Signed
2022-05-02
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
15
Volunteers
40
Supplemental Narrative

Additional Explanations

Item B - Amended Return

We are amending Form 990 part 11 line 9 Other changes in net assets or fund balances and the corresponding section of schedule O to adjust prepaid curriculum and registration fees from $42,312 to $40,637. This is to address an error creating a mismatch between amounts on Form 990 Part X Line 32b value and Part XI Line10.

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| We provide after school care for students who are not able to be picked up at dismissal time., $0, $0, $1856|

Part XI, Line 9

| Description:, Explanation:, Amount:| Adjustments to saving account ledger related to prepaid registration and curriculum fees, Prepaid registration and curriculum fees, $40637|

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0During the 2019-2020 fiscal year 19 students were enrolled in The E320 Project's school-The Momentum Academy. These students each had an individualized curriculum designed specifically for their needs. Our students served had a diagnosis of at least one of these medical and or academic conditions: autism ADHD ADD anxiety auditory processing disorder dyscalculia dyslexia dysgraphia Executive Function disorder expressive language disorder and sensory integration disorder. These students completed required coursework for academic completion in a setting that is conducive to their specific needs which could not be accomplished outside of The Momentum Academy. Students are taught in a low staff-student ratio the largest class being 1 teacher to 6 students. This low ratio is not available in other schools in our area. We are meeting an unmet need and take pride in it. Students are assessed on an ongoing basis to insure they are at the correct academic level. Parents have access to their student's progress 24 hours a day 7 days a week via a secure website. Over the course of the fiscal year once again several our students were taught the skills they needed to be able to mainstream back to traditional schools if they and their parents chose that option. After parent conferences we had one wanting to earn their way back to public school with his friends and others that are happy where they are. We had one graduate this academic year.
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IRS990/MissionDesc0The Momentum Academy is an academic and therapeutic learning center that partners with families to encourage students to realize their full potential identity and value. Individualized curriculum is designed specifically for each student and carried out in a low student teacher ratio. The Momentum Academy views each student holistically taking into account the academic emotional and spiritual needs of each student.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Stephanie Ehlers
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0Elementary and Secondary Schools

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