Amplify Louisville Inc
- Assets
- $169.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- Data as of
- 06/2022
- EIN
- 83-4402051
Organization Overview
Amplify Louisville Inc is located in Louisville, KY. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Amplify Louisville Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amplify Louisville Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Amplify Louisville Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $963.4k during the year ending 06/2022. While expenses have increased by 16.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMPLIFY IS INSPIRED TO HELP STARTUPS, ENTREPRENEURS, AND INNOVATORS BE SUCCESSFUL. WE ARE FOCUSED ON CULTIVATING AN INCLUSIVE ENTREPRENEURIAL ECOSYSTEM BY COALESCING OUR COMMUNITY NETWORK TO PROVIDE DIVERSE PROGRAMMING, ACCESS TO TALENT, CUSTOMERS, AND CAPITAL TO STRENGTHEN THE AREA'S INNOVATION ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF RENDER CAPITAL INITIATIVES FOCUSED ON PROVIDING ACCESS TO CAPITAL TO EARLY STAGE START UP COMPANIES.
THE UOFL EIR PROGRAM PROVIDES SEASONED ENTREPRENEURS WHO WILL ENGAGE DIRECTLY WITH UOFL RESEARCH GROUPS TO HELP ADVANCE TECHNOLOGIES TOWARD MARKET. UOFL WILL SUPPORT HEALTHCARE ENTREPRENEURSHIP AND TALENT DEVELOPMENT THROUGH ITS DEEPLY ESTABLISHED AND EXISTING RELATIONSHIP WITH LHCC. ELEMENTS OF THIS INCLUDE CONTINUING TO BUILD OUT THE INNOVATION CYCLE CONNECTING SOLUTIONS TO CORPORATES, CONNECTING EIRS TO CORPORATIONS, CAPITAL ACCESS FOR ENTREPRENEURS, SUPPORTING PROJECTS AND PROGRAMS INCLUDING INCUBATORS, ACCELERATORS, AND SEED FUNDING FOR PILOTS THAT SUPPORT EARLY-STAGE HEALTHCARE ENTREPRENEURSHIP.
WE CREATE, PARTNER, OR SUPPORT PROGRAMS WITH COMMUNITY PARTNERS FOCUSED ON BOTH EDUCATING FOUNDERS ON SITUATIONS AND SCENARIOS TO HELP THEM MOVE THEIR BUSINESS FORWARD AND STORYTELLING OF SUCCESSES AND FAILURES OF OTHER FOUNDERS. IN ADDITION, WE HAVE HAD A SPECIFIC FOCUS ON HIGHLIGHTING ISSUES FROM UNDERREPRESENTED FOUNDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Horn Executive Director | Officer | 40 | $148,000 |
Johnetta Roberts Director | Trustee | 1 | $0 |
Angelique Johnson Director | Trustee | 1 | $0 |
Beth Martinelli Director | Trustee | 1 | $0 |
Sharon Kerrick Director | Trustee | 1 | $0 |
Wendy Lea Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $826,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,070,689 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,070,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,000 |
| Compensation of current officers, directors, key employees. | $29,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,000 |
| Payroll taxes | $24,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $10,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $326,755 |
| Advertising and promotion | $24,894 |
| Office expenses | $13,145 |
| Information technology | $19,920 |
| Royalties | $0 |
| Occupancy | $45,139 |
| Travel | $8,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,864 |
| Insurance | $1,556 |
| All other expenses | $0 |
| Total functional expenses | $963,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $169,601 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $99,570 |
| Other liabilities | $0 |
| Total liabilities | $99,570 |
| Net assets without donor restrictions | $70,031 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $169,601 |