Tag: AL Nonprofits

Momentum Fundraiser with Holland and Birch

The holiday season is a time for giving and spreading cheer, however, with that comes the stress of finding the perfect gift for your loved ones.  Are you having trouble finding a gift for a special woman in your life? Momentum has you covered! We are thrilled to announce our fundraiser with local jewelry company, Holland and Birch.

Holland and Birch’s special Momentum pieces include a bracelet, brass cuff, and charm necklace, or the option to purchase just extra charms to add to your own jewelry collection. The best part is, each piece can be stamped with your choice of Momentum phrases like Momentum, Upward, Breathe, or even your Class Number to name a few options. They are simple enough for everyday wear but are a thoughtful statement to celebrate the women in your life and in our community.

Momentum is dedicated to advancing not only professional but personal development of women leaders across Alabama. We strive to create an empowering and uplifting community for women to use as a resource so they are equipped to make an impact in their own communities wherever they go. All proceeds from the sales of the Holland and Birch Momentum collection will go towards providing scholarships for women participating in Momentum’s programs. Without the community’s support, we would not be able to continue building upon the powerful network we have created across the state of Alabama.

 

What Women Business Leaders Should Know About Taxes, Loans, & Grants

Katie Roth is a writer, artist, and entrepreneur. Originally from Alabama, she now resides in the UK with her husband and two dogs, and works with clients and other business owners in Europe and the USA.

Women in business still face too many hurdles, and unfortunately 2020 has only exacerbated them. Common issues like securing adequate funding or accessing much-needed resources have been complicated by the coronavirus. COVID-19 has brought about unprecedented challenges not just for women, but for the global business community. As we all learn how to manage our new reality in 2021 and look forward to a slow emergence from the grips of the virus, it is time for people to give real thought to how they might bring about new success in business once more.

It’s with that in mind that we’re looking at some important things Alabama’s women business leaders should know regarding taxes, loans, and grants.

Taxes

Regarding taxes for business leaders, there aren’t necessarily points to make that are specifically relevant to women. However, there are some simple reminders worth keeping in mind for anyone who is starting or attempting to grow a company.

The first reminder is that Alabama is considered to be a particularly favorable state when it comes to personal tax — which can free up some funds to manage business expenses. Just this year, an article ranking state income tax rates listed Alabama in a tie for 10th place (meaning 10th lowest), with a rate of 2-5%. Given that some states have personal income tax rates of 10% or more, it’s a good idea for women to consider launching businesses in Alabama. The slight but meaningful financial cushion allows for more business investment opportunities.

Additionally, registering as an LLC can compound the benefits you get from the favorable tax situation. LLC structure in Alabama is such that a business with this sort of official standing is actually not taxed as its own entity. Instead, owners simply pay income tax on what they make from the business. This means that rather than having a hefty, separate tax on business earnings, you can simply enjoy that same 2-5% rate on business-related income. That said, LLCs are subject to something known as a “business privilege tax,” which relates to the company’s net worth. Still, it’s worth running the numbers on the idea, because particularly for a newer or smaller businesses, the net benefit of the LLC structure can be significant.

Loans

Where loans are concerned, Alabama is again an appealing state for new, small businesses. Recent years have seen lenders give out nearly $1 billion in loans to small businesses— spread out over more than 50,000 individual arrangements. These numbers, given the size of the state and the number of people working in small businesses, justify the notion that Alabama has actually been one of the better states to secure a business loan.

As for specific loan funding for women-led businesses, we’d recommend keeping an eye on a Birmingham support program known as “Upward,” which was designed specifically to help women leaders in business — particularly now as we all look to move forward from COVID. It’s just the sort of resource that has become invaluable to such leaders in communities where women in business are seizing more opportunity — offering leadership coaching, help with goal setting, network support, and more.

Grants

In the grant department, there is more business aid to be found with specific regard to the coronavirus crisis. In July, we saw the announcement of the $100 million “Revive Alabama” grant, which was designed to help fund struggling small businesses. The $100 million was pulled out of $1.9 billion that Alabama received in total from the federal CARES Act, and it was made available to businesses earning less than $5 million annually and employing no more than 19 people. The hope is that additional grant packages of this sort will be made available to small business leaders once again if and when the federal government signs off on another relief package.

There are also some more accessible grants available. Most notable among these is the Amber Grant. Launched by WomensNet, this is a $10,000 grant given out to at least one woman in business each and every month. It also involves an additional $25,000 bonus given to a single “winner” at the end of each year. It’s an excellent example of what a program meant to stimulate innovation among women entrepreneurs can look like.

Funding a business and managing its finances is difficult, but for women in Alabama looking to endure the coronavirus and thrive in business thereafter, being aware of everything discussed above can amount to a helpful head start on the financial front.

Giving Tuesday

The much anticipated holiday season is finally upon us! Going into Thanksgiving this week, we move into a time of reflection and giving thanks despite the unexpected year 2020 has brought us. While many people look forward to the spread of food on the table on Thursday, and the chaotic shopping Black Friday and Cyber Monday bring, here at Momentum we look forward to Giving Tuesday. If you aren’t familiar with Giving Tuesday, it’s a global generosity movement and a day of giving to the organizations that work towards transforming their communities.

One way you can support Momentum Leaders this #GivingTuesday is to make a contribution to support women in leadership. Momentum relies on community support in order to continue our premier leadership programs and offer events within the community. Without this support, we would not be able to operate as a resource for women in leadership in the Birmingham area.

Another way you can support Momentum is to volunteer. Momentum is always looking for volunteers to help with our various events and programs. If you are interested in serving the Birmingham community by partnering with Momentum, be sure to check out our volunteer interest page on our website for more information.

Please consider supporting Momentum during Giving Tuesday 2020. Your gift will help us to continue to advance women in leadership as they continue to make an impact in their own communities.

Introducing Our First Podcast Guest

We’re less than a week away from our podcast launch, and we couldn’t be more excited. The most challenging part of creating the podcast was the editing. CEO April Benetollo and civil litigator Liz Huntley had such a rich discussion on the important topics of early childhood, race, and equity that we struggled to pare it down into a digestible podcast.

Huntley shares Momentum’s goals of equity and inclusion. “We’re always better when we’re at the table with diverse opinions, diverse views, diverse experiences, diverse demographics, because when we bring all of those together it lets us be the best we can be whether it’s a company or a law firm. My biggest advice is that there’s no stopping point. The Sky’s the Limit. Follow your Passion. Do what it is you want to do.”

Momentum is a longtime admirer of Huntley. We recently awarded her a Woman of Impact award at our Vision 2020 Conference in March. She received this award based on her commitment to not only her own work as an attorney, but also as CEO of a nonprofit, The Hope Institute, that works with schools to develop character education curriculum/programs. She shared her inspirational story in More Than a Birdand she continues to share her message and story across the country through her advocacy work.

Huntley has appreciated education since she was a child herself. She took comfort in reading and gained encouragement from her schoolteachers. In the books she read, she realized that people like Abraham Lincoln found their voice as a lawyer, and in this profession, they were able to make lasting changes. Her drive, along with her dedication, natural intellect, and hard work, propelled her to graduate as Valedictorian of Chilton County High School, earn a full ride to study political science at Auburn University, and graduate with a J.D. from the University of Alabama Law School, after serving as an editor for their Law and Psychology Review. 

As an advocate for children, she serves on multiple boards of directors and trustees for various nonprofits while running The Hope Institute. She believes community engagement is a powerful force. Being a game-changer is all about recognizing that moment in time where you have the ability to do something that’s really going to impact somebody’s life. It doesn’t have to be an isolated moment, although many times it can be. How you seek out those game-changing moments is through community service; that’s where they happen, in nonprofit organizations that serve families or children or whomever.” When she was a child, she participated in an early childhood education program, funded by a grant for her community, so she truly appreciates the lasting impact of programs she now offers through her organization. 

Interested in learning more about our other podcast guests? Click here to meet Myla Calhoun and Bobbie Knight.

Madam Vice President

Kamala Harris walking alongside a young Ruby Bridges. Photo by artist Bria Goeller.

The glass ceiling was shattered last Saturday as Kamala Harris was announced as the first female vice president-elect in U.S. history. Not only is she the first woman, but also the first Black and South Asian American that will hold the position. All politics aside, it’s important to recognize the history being made right before our eyes. The representation and diversity Harris will bring to the White House alone is reason enough to celebrate this historic win no matter your beliefs, gender, background, or political alignment. She’s broken through the barricade that women have been stuck behind for centuries, along with those women that paved the way before her like Harriet Tubman, Ruby Bridges, Shirley Chisholm, and Ruth Bader Ginsburg to name a few. 

This election year happens to fall on the 100th anniversary of the 19th Amendment, which established American women’s right to vote when it was ratified on August, 18th 1920. While the ratification of the 19th Amendment was a huge step for women, it has proved to be only the beginning of a long-winded fight for equality that we are still fighting for today, 100 years later. During her acceptance speech, Kamala Harris stepped out onto the stage in an all white suit. Her suit was much more than a fashion statement — it was a deliberate choice, standing as a recognition to those women who came before her and those who will come after. White has long been recognized as a color of purity and hope and is associated with the suffrage movement dating back to 1913 when 8,000 women wore white to march in Washington D.C. the day before President Woodrow Wilson’s inauguration. They did this to protest and demand an amendment allowing women the right to vote. Since then, there have been numerous occasions where women holding political positions wore white as a nod to those suffragettes who came before them and essentially paved the way to where they are today. 

While Harris recognized the ones that came before her, she also brings a new hope to the future generations of leaders to come. By having diversity — not only with gender, but race — well-represented in leadership positions within our country, inspiration is created for younger generations to know that their voice can be heard; they are more than capable of achieving their goals, whether that be running for president of their 8th grade class, or running for President of the United States. During her speech she stated, “While I may be the first woman in this office, I will not be the last – because every little girl watching tonight sees that this is a country of possibilities.” Harris did not become the first female vice president-elect without continuing the legacy of the women before her, and now the little girls who dream of being a leader can use Harris as a stepping stone on their own ladder to success. 

Women should not still have to fight for equality in this country, especially 100 years after we were granted the right to vote. However, we will continue the fight until everyone recognizes the capability and power a woman holds.  As the Notorious RBG said herself, “Women belong in all places where decisions are being made,” and that is exactly where we will be from now on.

Meet Alumna LaKisha Mack

Momentum would like to congratulate LaKisha on her recent promotion to Senior Associate Dean for Finance and Administration in the School of Medicine.

LaKisha joined the School of Medicine (SOM) Dean’s office in 2014 as the Associate Dean for Finance and Administration to ensure organizational alignment in the areas of Finance, Human Resources and Facilities. Since then, she has worked with countless faculty and staff across the SOM, allocating and approving budgets, conducting financial forecasting, interpreting policies, and managing federal regulations regarding funded research. She collaborates with our health system colleagues and SOM department administrators and plays an integral role in SOM leadership recruitments and retentions.

In her new role as Senior Associate Dean for Finance and Administration she will ensure policy compliance for the SOM and the university, participate in strategic planning and collaborate with the university and health system on all administrative and financial activities. She will continue to oversee the development of the SOM Dean’s Office budget, and will also lead implementation of the University’s Resource Centered Management (RCM) budget allocation model within the SOM and coordinate the Academic Enrichment Fund (AEF) funding and approval process

LaKisha’s UAB career began more than 20 years ago, in the O’Neal Comprehensive Cancer Center, where she was a financial assistant in the Center’s clinical studies unit.  Following that, she spent more than 10 years working in various roles across Central Administration, the School of Health Professions, and the Department of Medicine, both in the Division of Gastroenterology & Hepatology and the Chair’s office.

In the Department of Medicine, LaKisha was the Division Administrator and Director of Operations, building an infrastructure to support faculty growth and operational leadership across all three-mission areas – clinical, research and education.

A native of Long Beach, California, LaKisha attended Samford University where she earned a Bachelor of Science degree in Business. She and her husband Donald have one daughter, Morgan.

What made you move to Birmingham?

I grew up and spent all of my time in California. I never really had the opportunity to travel much so when it was time for me to select a college I wanted to go out of state. At the time my grandparents lived in Birmingham, so I decided to migrate there for college. I always had the intent of going back home to California after I finished my degree, but then I met my husband and have been in Birmingham since. 

Why did you want to go through Momentum?

I actually did not know that I wanted to go through Momentum — it was recommended to me by my immediate supervisor and I really didn’t know what to expect. Therefore, while I did not originally seek out Momentum, I am glad I agreed to the recommendation because it certainly has offered me the opportunity to become much more self-aware of my areas of strengths and development both professionally and personally. 

What stood out to you the most about your Momentum experience?

The camaraderie amongst all of the women really stood out to me. We were a group of 30 women who started the program without knowing each other at all. Throughout the process, we really got close as a cohort. It was very profound for me to be in a room with women who were all going through similar situations as me both personally and professionally. 

How do you think your experience with Momentum prepared you for your new role?

First and foremost, it helped me build the self-confidence needed to know my self-worth. I now I know that I am just as capable, qualified, experienced and knowledgeable  to seek opportunities for which I would not have gone after before. I am just as competitive as anyone else with the same level of experience. Going through the Momentum experience has put me in the position to know my self-worth and that I have the ability to be able to speak and toot my own horn which I would not have done before. 

What advice would you like to give to women aspiring for leadership roles?

Go after what you want and do not let anything hold you back. If you feel like you have the tools for leadership positions, don’t let anything get in the way of accomplishing your goals. If there are areas of development within yourself then work on those and be self-aware, but know that you as a woman are just as capable to go after leadership positions as anyone.

National Women’s Small Business Month

October is National Women’s Small Business Month! Here at Momentum, celebrating women is a priority and what better way to do that than by supporting women owned small businesses. Here are a few small businesses owned by women in the Birmingham area that you can support now.

Photo by Magic City Nutrition

Magic City Nutrition

Who knew milkshakes could be so healthy? Magic City Nutrition specializes in serving protein shakes and energy teas ranging in flavors from chocolate to birthday cake to monster cookie. Each shake has 24 grams of protein and is a 200 calorie meal replacement. The teas are metabolism boosting and are packed with vitamins all while having flavors like lemon berry or cranberry limeade. To make things even sweeter, Magic City Nutrition was founded by two women entrepreneurs, Faith Hurtado and Britni Liberton. Whichever flavor you choose, you’ll walk out the door feeling happier and healthier! 

Instagram | Facebook 

Forge

Photo by Eric & Jamie Gay of Eric & Jamie Photography

Founded by Kim Lee, Forge is a coworking space that strives to be more than just your typical office. Forge works to provide a community for like-minded professionals in Birmingham. During COVID-19, they have been able to provide a clean, safe, working space that allows you to get out of the house while your office may be closed. They offer month to month memberships for those wanting to join their coworking space but also have meeting and event spaces as well. You can easily book a room online on their website and join the Forge movement today!

Instagram | Facebook | Website

Poppy Balloon Company

Are you ready to make your party “poppin”? Look no further than Poppy Balloon Company! Susan Gray is a balloon event stylist that is taking party decor to the next level. From birthdays to weddings to Momentum graduations, she can do it all! Her use of colors, different shapes, and designs are sure to impress your guests with a visual appeal they’ve never seen before. All she needs is at least one week in advance to make your vision a reality. 

Instagram

 

Focus Creative

Photo by Focus Creative

Kassady Gibson is the creative genius behind Focus Creative, a marketing firm that provides professional photography and image consulting services for your business. Her goal is to ultimately help your business share its story through commercial photography. They can also help you strategize with the content you already have to ensure you are reaching your customers in the most effective way. “Great pictures tell great stories. Let us help you tell yours.”

Instagram | Facebook | Website 

 

ROSEWOOD

Photo by ROSEWOOD

Ann Elizabeth Stabler and Sarah Grace Featherston turned their hobby of antiquing on the weekends into a business of their own. ROSEWOOD offers an eclectic assortment that is sure to add charm to any home. From larger furniture pieces to unique lamps and handcrafted vases, ROSEWOOD caters to all styles and brings a modern twist to your average estate sale finds. Their one of a kind pieces at affordable prices cannot be beat! They offer free porch pick up for Birmingham locals or shipping to those that are outside of the area.

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How to Fit a Retreat into a Basket

Momentum’s executive programs usually begin with a two-day retreat, relaxing near a forest or pond. This year, we had to get creative in welcoming our new class! With a little help from Alabama Goods, Momentum logistics manager Katherine Thrower arranged locally sourced happies to create a “retreat in a basket.” Unlike the traditional fruit basket, each item had meaningful significance that was referenced in our sessions (don’t worry…we made room for snacks!). The whole Momentum team took part in dropping off baskets at each participants’ house to ensure they would feel celebrated!

“The retreat is about making them feel special because they are special,” says CEO April Benetollo. Each participant was analyzed based on their background, professional experience, and stage in life. If they were selected this year, “it’s the right time for them to be doing this.” This well-rounded group connected in breakout sessions and interactive activities to start the year off right. While the retreat focuses on emotional intelligence and awareness, the executive program shifts into different themes throughout the year.

Have you ever wondered what makes Momentum’s programming unique? We don’t just proofread your resume and send you on your way with a handout on teamwork. Momentum was founded with the goal of creating intentional relationships and personal growth.

  • The retreat sets the forecast for the rest of the year, asking participants, “Who are you?”
  • The next quarter focuses on the participant’s strengths and talents, asking, “How could you be directed to bring you more joy and value to your job/community?”
  • After that comes the real work. “How do you get there?” Momentum offers negotiation skills and resilience training to prep participants for the final stage.
  • Looking forward, the question remains, “How do you take that beyond you? What can you bring to your job, community, family, etc.?” Participants are encouraged to volunteer or join a local board to become more engaged with their community. In terms of professional growth, class members learn tactics to claim visibility, accept recognition, and share expertise with future game-changers.

Whether you’re in a program or not, Momentum has a place for you! Join us as a mentee or mentor today to meet more inspiring women in your community.

Staying Active During COVID-19

Two weeks ago we discussed the importance of stimulating your brain and keeping track of your mental health during the pandemic. Not only is your mental health a vital part in staying successful in your personal and professional lives, but maintaining your physical well-being is too. Here are a few tips on how to stay active during COVID-19 while still staying socially distant. 

1. Get Outside

One of the easiest ways to stay active during COVID-19 that everyone has access to is simply going outside. Explore your neighborhood by going on a run, taking a walk, or riding your bike. If you want to get out of the neighborhood, Birmingham has plenty of parks, hiking trails, and other outdoor activities. Oak Mountain and Red Mountain state parks have great hiking and mountain biking trails that are suitable for all ages. You could even take a walk around the Birmingham Botanical Gardens which has 67.5 acres of over 25 thematic gardens with various sculptures and quiet paths. The Birmingham Zoo is also back open again with limited hours of operation. Before visiting any public outdoor space, be sure to check their websites for their COVID-19 guidelines and restrictions. 

2. Workout from Home 

Another way to stay active is to workout from the comfort of your own home. COVID-19 has forced the world to become more connected than ever which includes opportunities to try out new workouts online. Many gyms that normally operate on an in-person basis now have guided workouts available through their apps for members. One free way to attend a workout class from home is by using YouTube. YouTube has thousands of videos on different workout options ranging from a 5 minute cardio session to an hour of a full body workout. My favorite kind of workout is one that makes you feel like you aren’t working out at all. There are plenty of videos that accomplish this through dance party workouts that allow you to have fun while still working up a sweat. 

3. Look into Gyms Again

As life tries to go back to “normal”, many gyms have reopened but with new guidelines and restrictions. If you do decide to get back into the gym again stay cautious and practice good hygiene. A few ways you can do this are by washing your hands frequently, wiping down the equipment before and after you use it, wearing your mask, and spacing out away from others. It is also advised that you bring your own water as opposed to using the water fountains, and avoiding using the locker room by planning on using the bathroom at home and skipping your post-gym locker room shower. Before you go, it is important to look on the gym’s website for their specific guidelines so you can assess if you will feel comfortable or not.

Until There Are Nine

Ruth Bader Ginsburg was notorious for her persistent fight to advocate for women, but her legacy goes beyond the work she accomplished as a Supreme Court justice, and she was not always esteemed for her fierce determination. As a student at Harvard Law School, she was criticized for “taking a man’s place,” even though she ended up tying for first in her class. Many women in the US are currently struggling to work from home while managing their children’s schoolwork. The Notorious RBG was no stranger to this dilemma. When her husband was diagnosed with cancer while they were both in law school, she took all of his notes and typed all of his papers in addition to her own, all while taking care of her newborn daughter. She faced discrimination in the workplace and had a hard time finding a job, but once she got started, she was on a roll.

Ginsburg, like most women, was also scrutinized for her personality. She was too serious, too forgiving. Too progressive, not progressive enough. Her appointment was eventually supported by feminists, but some gawked at her close friendship with the late conservative justice Antonin Scalia. Their relationship served as a reminder to the country that relationships can transcend political boundaries. They frequently traveled together, attending operas and riding elephants. However, his views did not bleed into hers, and she went on to become the leading liberal justice on the Supreme Court.

She was an expert of making the most of what she had. As a frequent member of the minority vote in the Supreme Court, she made history for her eloquent dissents, some of which eventually inspired new laws. Some of the highlights of her legacy precede her time in the Supreme Court. She co-founded the Women’s Rights wing of the American Civil Liberties Union, became the first tenured female law professor at Columbia, and co-founded the first women’s rights law journal, all during the 1970s, when most boardrooms had no room for women. In her later years, she became a pop icon, inspiring teens to become politically involved as she demonstrated her workout routine on late night television.

Ginsburg inspired men and women both through her actions and her words. As the second woman to ever be nominated to the US Supreme Court, she knew that it would take serious work for women to be effectively represented.

“When I’m sometimes asked ‘When will there be enough [women on the Supreme Court]?’ and I say ‘When there are nine,’ people are shocked. But there’d been nine men, and nobody’s ever raised a question about that.” -Ruth Bader Ginsburg

Although she is no longer with us, her story is not over. Her work continues to inspire efforts toward representation and equal pay. She persisted, and we must continue to persist.