AMPED
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
AMPED meets the 20 Standards for Charity Accountability.
Stated Purpose:
To amplify and accelerate the economic and equity transformation of black and brown communities.
Year, State Incorporated:
2015, KY
Also Known As:
Adventurous Minds Produce Extraordinary Dreams
Amped is a family-oriented ecosystem that emphasizes creativity and self-sustainability through music, education, technology, and business programs.
For the year ended December 31, 2023, AMPED's program expenses were:
| RTBI | $1,299,858 |
| Music Academy | $602,745 |
| Technology Workforce | $237,321 |
| Other | $26,990 |
| Hadley Creative | $23,367 |
| Total Program Expenses | $2,190,281 |
Chief Executive
Dave Christopher, President & Founder
Chair of the Board
Ms. Cara Baribeau
Chair's Profession / Business Affiliation
Marketing & Comms Professional
Board Size
13
Paid Staff Size
25
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on AMPED's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Contributions and grants | $3,128,016 |
| Rental income | $264,000 |
| Special events, net | $53,512 |
| Program services | $32,845 |
| Other revenue | $8,126 |
| In-kind contributions | $3,500 |
| Total Income | $3,489,999 |
Programs: 62% Fundraising: 6% Administrative: 32%
| Total Income | $3,489,999 |
| Total expenses: | $3,519,079 |
| Program expenses | $2,190,281 |
| Fundraising expenses | $198,959 |
| Administrative expenses | $1,129,839 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-29,080 |
| Beginning Net Assets | $5,279,279 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $5,250,199 |
| Total Liabilities | $3,878,733 |
| Total Assets | $9,128,932 |
Total assets as reported include $4,606,776 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana