Skip to content
Nonprofiteer
← ADVENTUROUS MINDS PRODUCE EXTRAORDINARY DREAMS INC

Form 990 for tax year 2024

Filed by ADVENTUROUS MINDS PRODUCE EXTRAORDINARY DREAMS INC.

Totals

Total revenue
$5,975,140
Total expenses
$3,450,108
Contributions and grants received
$5,929,316
Grants paid
$88,400
Program service revenue
$23,000
Investment income
-$280,738
Other revenue
$303,562
Total assets, end of year
$11,550,702
Total liabilities, end of year
$3,775,471
Net assets or fund balances, end of year
$7,775,231
Program services expenses (Part IX)
$2,388,366
Management and general expenses
$797,672
Fundraising expenses
$264,070
Program service expenses (Part III)
$2,388,366

Program services were 69.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $182,399

  • 1c · Fundraising events

    $32,052

  • 1e · Government grants (contributions)

    $2,986,935

  • 1f · All other contributions, gifts and grants

    $2,727,930

  • 1g · Noncash contributions included above

    $5,249

  • 2a · Program service revenue: MUSIC PRODUCTION & EDUCATION

    total $23,000 · related or exempt $23,000

  • 6a · Gross rents

    real property $264,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $264,000

  • 6d · Net rental income or loss

    total $264,000 · excluded $264,000

  • 7b · Less cost or other basis and sales expenses

    other assets $280,738

  • 7c · Gain or loss

    other assets -$280,738

  • 7d · Net gain or loss

    total -$280,738 · excluded -$280,738

  • 8a · Fundraising events: gross income

    $14,798

  • 8a · Fundraising events: contributions included on line 1c

    $32,052

  • 8b · Fundraising events: direct expenses

    $37,599

  • 8c · Net income from fundraising events

    total -$22,801 · excluded -$22,801

  • 9a · Gaming: gross income

    $6,465

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $6,465 · excluded $6,465

  • 11a · Other revenue: OTHER

    total $55,898 · related or exempt $55,898

  • 11e · Other revenue, total

    $55,898

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,400 · program services $56,400

  • 2 · Grants to domestic individuals

    total $32,000 · program services $32,000

  • 5 · Compensation of officers, directors and key employees

    total $147,372 · program services $91,370 · management and general $39,790 · fundraising $16,212

  • 6 · Compensation of disqualified persons

    total $1,145,221 · program services $710,037 · management and general $309,210 · fundraising $125,974

  • 9 · Other employee benefits

    total $82,348 · program services $51,056 · management and general $22,234 · fundraising $9,058

  • 10 · Payroll taxes

    total $94,727 · program services $58,731 · management and general $25,576 · fundraising $10,420

  • 11c · Fees: accounting

    total $50,900 · program services $25,900 · management and general $25,000

  • 11g · Fees: other

    total $278,156 · program services $161,262 · management and general $56,506 · fundraising $60,388

  • 12 · Advertising and promotion

    total $3,805 · program services $948 · management and general $2,519 · fundraising $338

  • 13 · Office expenses

    total $20,481 · program services $6,936 · management and general $13,161 · fundraising $384

  • 14 · Information technology

    total $20,655 · program services $5,064 · management and general $10,527 · fundraising $5,064

  • 16 · Occupancy

    total $282,359 · program services $149,972 · management and general $120,096 · fundraising $12,291

  • 17 · Travel

    total $1,778 · program services $164 · management and general $1,129 · fundraising $485

  • 20 · Interest

    total $148,911 · program services $77,205 · management and general $71,706

  • 22 · Depreciation, depletion and amortization

    total $136,827 · program services $84,832 · management and general $36,944 · fundraising $15,051

  • 23 · Insurance

    total $62,443 · program services $4,230 · management and general $55,066 · fundraising $3,147

  • 24a · Other expenses: SUPPORT, PROGRAM FUNDIN

    total $469,941 · program services $468,216 · management and general $1,725

  • 24b · Other expenses: CLIENT PROGRAMS, EDUCAT

    total $393,711 · program services $389,043 · management and general $310 · fundraising $4,358

  • 24c · Other expenses: RETURN OF GRANT FUNDS

    total $10,000 · program services $10,000

  • 24d · Other expenses: SPONSORSHIPS AND OTHER

    total $7,073 · management and general $6,173 · fundraising $900

  • 24e · All other expenses

    total $5,000 · program services $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $237,142 · end of year $378,009

  • 3 · Pledges and grants receivable

    beginning of year $4,037,880 · end of year $4,395,669

  • 4 · Accounts receivable

    beginning of year $47,609 · end of year $5,960

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,281 · end of year $32,767

  • 10a · Land, buildings and equipment: cost or other basis

    $6,984,319

  • 10b · Land, buildings and equipment: accumulated depreciation

    $387,086

  • 10c · Land, buildings and equipment, net

    beginning of year $4,606,776 · end of year $6,597,233

  • 12 · Investments: other securities

    beginning of year $40,000 · end of year $40,000

  • 15 · Other assets

    beginning of year $149,244 · end of year $101,064

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,457 · end of year $900,594

  • 19 · Deferred revenue

    beginning of year $60,500 · end of year $30,745

  • 23 · Secured mortgages and notes payable

    beginning of year $2,904,781 · end of year $2,250,339

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $486,692

  • 25 · Other liabilities

    beginning of year $153,995 · end of year $107,101

  • 27 · Net assets without donor restrictions

    beginning of year $2,048,230 · end of year $3,086,617

  • 28 · Net assets with donor restrictions

    beginning of year $3,201,969 · end of year $4,688,614

Mission and programs · 2024

Mission

AMPED LOCATED IN LOUISVILLE, KENTUCKY SEEKS TO BUILD GENERATIONAL WEALTH FOR FAMILIES AND ENTREPRENEURS IN MARGINALIZED COMMUNITIES BY CREATING SELF-SUFFICIENCY, ECONOMIC MOBILITY AND A MORE EQUITABLE SOCIETY. SERVICES FOCUS ON YOUTH PROGRAMMING, (SEE SCHEDULE O) TECHNOLOGY WORKFORCE TRAINING, AND SMALL BUSINESS INCUBATION.

Activities or mission (Part I)

ADVENTUROUS MINDS PRODUCE EXTRAORDINARY DREAMS (AMPED) SEEKS TO BUILD (SEE SCHEDULE O) GENERATIONAL WEALTH FOR FAMILIES AND ENTREPRENEURS IN MARGINALIZED COMMUNITIES BY CREATING SELF-SUFFICIENCY, ECONOMIC MOBILITY AND A MORE EQUITABLE SOCIETY. SERVICES FOCUS ON YOUTH PROGRAMMING, TECHNOLOGY WORKFORCE TRAINING, AND SMALL BUSINESS INCUBATION.

  • AMPED PROVIDES A FREE, OUT-OF-SCHOOL TIME, MUSIC PROGRAM THAT IS AVAILABLE YEAR-ROUND. AMPED USES MUSIC AND TECHNOLOGY AS A CATALYST TO EMPOWER YOUTH AND THEIR FAMILIES TO WORK AS A TEAM, LEARN HOW TO EXPRESS THEMSELVES EFFECTIVELY, AND DEVELOP INTO HEALTHY, PRODUCTIVE MEMBERS OF THE COMMUNITY AND THE WORLD. THE ACADEMY HAS ONE CAMPUS IN THE WEST END AND ONE IN EAST DOWNTOWN.

    Expenses $811,785 · Grants $1,400 · Revenue $78,898

  • AMPED'S TECHNOLOGY WORKFORCE DEVELOPMENT PROGRAM AIMS TO ASSIST THE COMMUNITY WITH THE EDUCATION AND ENRICHMENT OF DIGITAL LITERACY EDUCATION AND PROVIDE THE NECESSARY TECHNOLOGY NEEDS TO GAIN ENTRY OF ADVANCEMENT WITHIN THE TECHNOLOGY INDUSTRY.

    Expenses $620,926 · Grants $2,000

  • AMPED'S RUSSELL TECH BUSINESS INCUBATOR (RTBI) IS A STATE-OF-THE-ART TECHNOLOGY SERVICE CENTER OFFERING BUSINESS INCUBATION, CAREER TRAINING AND EMPLOYMENT TARGETED TO THE BLACK AND LATINX COMMUNITIES LOCATED IN WEST AND SOUTH LOUISVILLE.

    Expenses $907,488 · Grants $85,000

  • HADLEY CREATIVE OFFERS A SERIES OF MEETINGS AND EXERCISES DESIGNED TO DEVELOP BUSINESS AND MARKETING STRATEGIES THAT NUTURE AND ENRICH THE INDIVIDUAL ARTISTS' PRACTICE.

    Expenses $48,167

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Molestina

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Alexandria Abell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brigitte Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Calesia Henson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cara Baribeau

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Darrell Griffith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Christopher Sr

    EXECUTIVE DIRECTOR

    Total calculated
    $147,372
    From this org
    $142,615
    From related orgs
    $0
    Other
    $4,757
    Hours/week
    40

  • James Cahoon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jenna Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Giles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Davis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Paul Neumann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Perez

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Monica Stewart

    DIRECTOR OF OPERATIONS

    Total calculated
    $120,833
    From this org
    $113,482
    From related orgs
    $0
    Other
    $7,351
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349304729

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.