Amplify Gr
- Assets
- $2.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 82-4122848
Organization Overview
Amplify Gr is located in Grand Rapids, MI. The organization was established in 2019. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amplify Gr 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 12/2021, Amplify Gr generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 40.3% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL RESOURCES THAT SUPPORT HOLISTIC REVITALIZATION OF NEIGHBORHOODS IN AND AROUND GRAND RAPIDS, MICHIGAN BY COORDINATING AND INVESTING IN ACCESS TO AFFORDABLE LOW AND MIXED-INCOME HOUSING; FOSTERING CRADLE-TO-CAREER EDUCATIONAL OPPORTUNITIES; REINVIGORATING NEIGHBORHOOD ECONOMIES THROUGH WORKFORCE DEVELOPMENT, LOCAL ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT; AND ENHANCING QUALITY OF LIFE THROUGH COMMUNITY HEALTH AND WELLNESS EFFORTS; AND BY ENGAGING IN ACTIVITIES RELATED TO THE FOREGOING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE PURPOSE BUILT COMMUNITIES NETWORK, AMPLIFY GR IS A COMMUNITY QUARTERBACK ORGANIZATION, MEANING WE ALIGN PARTNERS AND SET STRATEGY FOR THE OVERALL DEVELOPMENT EFFORT BASED ON THE COMMUNITY'S VISION. IN THIS ROLE WE FACILITATE THE FOLLOWING ACTIVITIES:AMPLIFY NEIGHBOR IDEAS THROUGH OUR AMP THE GOOD GRANT PROGRAM, WHICH PROVIDES SUPPORT FOR NEIGHBOR-LED INITIATIVES AND PROJECTS THAT BUILD COMMUNITY. AGR ALSO SUPPORTS NEIGHBORHOOD EVENTS AND PLACE ACTIVATION TO STRENGTHEN SOCIAL CAPITAL. ATTRACTING JOBS AND BUILDING BUSINESS OWNERSHIP THROUGH BUSINESS STRONG GRANT PROGRAM TO ASSIST BUSINESSES WITH INFRASTRUCTURE IMPROVEMENTS, RETAIL AND FOOD BUSINESS INCUBATOR SPACES COMING ONLINE IN 2022 AND 2023, AND INNOVATION STRONG WORKFORCE DEVELOPMENT AND EMPLOYEE SUPPORTS WITH LOCAL BUSINESSES, AND SMALL BUSINESS AND ENTREPRENEUR COACHING AND SUPPORT BY DEDICATED STAFF. AGR SUPPORTS STRONG SCHOOLS THROUGH SCHOLAR STRONG GRANTS FOR TEACHERS IN OUR THREE NEIGHBORHOOD SCHOOLS, LEVERAGING PARTNERSHIPS FOR EARLY CHILDHOOD, K-12, AND WORKFORCE DEVELOPMENT OPPORTUNITIES, AND WORKING TO BRING A NEW EARLY CHILDHOOD CENTER TO THE NEIGHBORHOOD IN 2024.AMPLIFY GR AIMS TO IMPROVE AND EXPAND HOUSING OPTIONS, AS WELL AS SUPPORT WEALTH CREATION THROUGH HOME OWNERSHIP. THE NEIGHBORHOOD STRONG PROGRAM HELPS NEIGHBORS MAKE NEEDED REPAIRS AND ENHANCEMENTS TO THEIR HOMES, INCREASING AFFORDABLITY, QUALITY OF LIFE AND OPPORTUNITIES TO CREATE GENERATIONAL WEALTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Cheri C Devos Director & President | OfficerTrustee | 1 | $0 |
Bruce Osterink Director & Treasurer | OfficerTrustee | 1 | $0 |
Maria P Devos Director & Vice Presdient | OfficerTrustee | 1 | $0 |
Jon Ippel Executive Director | Officer | 40 | $0 |
Kenyatta Brame Director & Chairperson | Trustee | 1 | $0 |
Jose Luis Quintana Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,989,440 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,471,744 |
| 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 | $9,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,480,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,236 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,262,837 |
| Advertising and promotion | $8,866 |
| Office expenses | $21,983 |
| Information technology | $22,855 |
| Royalties | $0 |
| Occupancy | $8,470 |
| Travel | $2,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,393 |
| Interest | $4,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,235 |
| Insurance | $1,690 |
| All other expenses | $4,237 |
| Total functional expenses | $1,830,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,610,372 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,000 |
| Accounts receivable, net | $20,217 |
| 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 | $6,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,746,737 |
| Accounts payable and accrued expenses | $386,714 |
| 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 | $390,670 |
| Other liabilities | $0 |
| Total liabilities | $777,384 |
| Net assets without donor restrictions | $1,869,353 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,746,737 |
Grants Awarded
Over the last fiscal year, Amplify Gr has awarded $29,976 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE ACADEMY OF WEST MICHIGAN PURPOSE: COMMUNITY IMPACT | $17,459 |
Grand Rapids, MI PURPOSE: COMMUNITY IMPACT | $12,517 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amplify Gr has recieved totaling $123.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Ohio Capital Finance Corporation Columbus, OH | $139,771,046 | $8,872,596 |