Nonprofit · EIN 26-4022577
MOMENTUM FOUNDATION INC
Tax-exempt · WINCHESTER, TN 37398
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $882,216 | $248,283 | $633,933 | $1,932,415 | $842,000 | $1,090,415 |
| December 31, 2023 | 990 | $419,787 | $138,259 | $281,528 | $485,482 | $29,000 | $456,482 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $879,900
- Program service revenue
- $0
- Investment income
- $2,316
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $2,825
- Travel
- $3,500
- Depreciation
- $124,642
- Program services (functional)
- $248,283
Balance sheet and other
- Total assets, start of year
- $485,482
- Total assets, end of year
- $1,932,415
- Total liabilities, end of year
- $842,000
- Net assets, end of year
- $1,090,415
- Land, buildings and equipment
- $973,016
- Net assets without donor restrictions
- $1,090,415
- Gross receipts
- $882,216
- Employees
- 0
- Year formed
- 2009
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY ALLISON | DIRECTOR Trustee or director | – | $0 |
| TROY ALLISON | DIRECTOR Trustee or director | – | $0 |
| RENEE GOODWIN | SECRETARY Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY ALLISON | DIRECTOR Trustee or director | – | $0 |
| TROY ALLISON | DIRECTOR Trustee or director | – | $0 |
| RENEE GOODWIN | SECRETARY Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 209 S JEFFERSON ST STE 1084, WINCHESTER, TN 37398-1739
- Principal officer (990 for 2024)
- RODNEY ALLISON, 209 S JEFFERSON ST, WINCHESTER, TN 373985636
- Signed the 990
- RODNEY ALLISON, DIRECTOR
- Phone
- (931) 962-4376
- Return prepared by
- HOLMES & SWAFFORD CPAS PLLC
Mission
THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO PROVIDE AVIATION EDUCATION, TRAINING, AND SUPPORT ENGINEERING TESTING TO EDUCATIONAL INSTITUTIONS OF HIGHER LEARNING, U.S. GOVERNMENT ORGANIZATIONS, AND OTHER NON-PROFIT OR NON-GOVERNMENTAL ORGANIZATIONS THAT SUPPORT THE U.S. GOVERNMENT; STATIC AND FLYING DISPLAYS FOR COMMUNITY NON-PROFITS AND NATIONAL NON-PROFITS SUCH AS THE BOYS SCOUTS, YOUNG EAGLES, ROTC ORGANIZATIONS; AND TO PROVIDE LOCAL AND REGIONAL LAW ENFORCEMENT DEPARTMENTS WITH SEARCH AND RESCUE, COUNTER DRUG OPERATIONS, AERIAL INTERDICTION, SUPPORT SERVICES AND THE AVIATION ASSETS AND PILOTS TO PERFORM THESE TASKS.
Program accomplishments
- PROVIDED AVIATION EDUCATION, TRAINING, SUPPORT ENGINEERING TESTING, STATIC AND FLYING DISPLAYS AND PROVIDED LOCAL LAW ENFORCEMENT DEPARTMENTS WITH SEARCH AND RESCUE, COUNTER DRUG OPERATIONS, AND AERIAL INTERDICITON SUPPORT.Expenses $248,283
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-4022577
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U30)
- Assets (IRS master file)
- $1,932,415
- Income (IRS master file)
- $882,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $882,216 | $248,283 | $1,932,415 | XML |
| 990 | December 2023 | $419,787 | $138,259 | $485,482 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-4022577).
Questions about MOMENTUM FOUNDATION INC
- What is the EIN of MOMENTUM FOUNDATION INC?
- The employer identification number (EIN) of MOMENTUM FOUNDATION INC is 26-4022577.
- Is MOMENTUM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MOMENTUM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOMENTUM FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOMENTUM FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOMENTUM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOMENTUM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names RODNEY ALLISON.
- Who are the officers and directors of MOMENTUM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MOMENTUM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $882,216, expenses of $248,283 and total assets of $1,932,415 at year end.
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