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Nonprofit · EIN 16-1568466

AMPLIFY EQUITY INC

Also known as ALTERNATIVES IMPACT

Tax-exempt · ELMIRA, NY 14901

Financials

$147K$172K2023$355K$263K2024
Revenue Expenses · by fiscal year end
Financials of AMPLIFY EQUITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$354,839$262,744$92,095$441,540$279,142$162,398
December 31, 2023990$147,326$172,229-$24,903$387,036$316,732$70,304
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$345,415
of which government grants
$140,000
Program service revenue
$0
Investment income
$9,424
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$84,483
Other salaries and wages
$66,572
Salaries, compensation and benefits (total)
$197,242
Professional fundraising fees
$0
Accounting fees
$14,074
Occupancy
$7,200
Travel
$8,576
Depreciation
$3,394
Program services (functional)
$188,513
Management and general (functional)
$74,231

Balance sheet and other

Total assets, start of year
$387,036
Total assets, end of year
$441,540
Total liabilities, end of year
$279,142
Net assets, end of year
$162,398
Land, buildings and equipment
$12,729
Net assets without donor restrictions
$37,884
Net assets with donor restrictions
$124,514
Gross receipts
$354,839
Employees
2
Volunteers
7
Year formed
1999
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LINDSAY WOLFEXECUTIVE DIRECTOR
Officer
40$84,483
KEVIN MIETLICKITREASURER/SECRETARY
Trustee or director, Officer
3$0
ASIA JOHNSONMEMBER
Trustee or director
2$0
LESLYN MCBEAN-CLAIRBORNEVICE-CHAIR
Trustee or director, Officer
2$0
MIKE KATZMEMBER
Trustee or director
2$0
JACKIE COUNCILCHAIR
Trustee or director, Officer
3$0
TANYA HERNANDEZMEMBER
Trustee or director
2$0
TILISA STUBBSMEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
LINDSAY WOLFEXECUTIVE DIRECTOR
Officer
40$69,264
KEVIN MIETLICKITREASURER/SECRETARY
Trustee or director, Officer
3$0
RICHARD FURNASCHAIR
Trustee or director, Officer
3$0
LESLYN MCBEAN-CLAIRBORNEVICE-CHAIR
Trustee or director, Officer
2$0
MIKE KATZMEMBER
Trustee or director
2$0
JACKIE COUNCILMEMBER
Trustee or director
2$0
TANYA HERNANDEZMEMBER
Trustee or director
2$0
TILISA STUBBSMEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
168 N MAIN ST, ELMIRA, NY 14901-2918
Principal officer (990 for 2024)
JACKIE COUNCIL, 168 N MAIN STREET, ELMIRA, NY 14901
Signed the 990
JACKIE COUNCIL, BOARD CHAIR
Phone
(607) 216-8682
Return prepared by
SCIARABBA WALKER & CO LLP

Mission

TO SUPPORT COMMUNITY DEVELOPMENT AND PROMOTE RACIAL AND ECONOMIC EQUITY AMONGST LOW INCOME AND HISTORICALLY MARGINALIZED COMMUNITIES THROUGH CHARACTER-BASED LOANS, EDUCATION, AND MENTORING.

990 for the year ended December 31, 2024

Program accomplishments

  • THE EQUITY LAB BUSINESS ACCELERATOR AND BUSINESS LENDINGRENAMED FROM RE-IMAGINING INCLUSIVE SOLUTIONS FOR ENTREPRENEURS (RISE), THIS PROGRAM PROVIDES ACCESS TO AFFORDABLE FINANCING, COMBINED WITH TRAINING AND TECHNICAL ASSISTANCE, TO LOW-INCOME SMALL BUSINESS OWNERS WHO ARE TRADITIONALLY TURNED AWAY FROM MAINSTREAM FINANCIAL INSTITUTIONS.
    Expenses $188,513

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-1568466
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$441,540
Income (IRS master file)
$354,839

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$354,839$262,744$441,540XML
990December 2023$147,326$172,229$387,036XML
990December 2022$324,832$919,714$397,154IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about AMPLIFY EQUITY INC

What is the EIN of AMPLIFY EQUITY INC?
The employer identification number (EIN) of AMPLIFY EQUITY INC is 16-1568466.
Is AMPLIFY EQUITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to AMPLIFY EQUITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMPLIFY EQUITY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMPLIFY EQUITY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMPLIFY EQUITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMPLIFY EQUITY INC?
The 990 for the year ended December 31, 2024 names JACKIE COUNCIL.
Who are the officers and directors of AMPLIFY EQUITY INC?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $84,483 (LINDSAY WOLF, EXECUTIVE DIRECTOR).
How much revenue does AMPLIFY EQUITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $354,839, expenses of $262,744 and total assets of $441,540 at year end.

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