Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
20 people listed on the 990; $586K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jonathan Sage-Martinson | $131,749 | $237,208 | $390,164 | $226,788 | $224,038 | $210,363 |
| Andrew Clausen | $221,947 | $180,373 | — | — | — | — |
| Andy Clausen | — | — | $188,180 | $209,095 | $167,840 | $173,458 |
| Scott Hoeschen | — | — | $114,768 | $155,280 | $147,125 | $101,906 |
| Chris Kaye | $102,879 | $100,771 | $109,918 | $121,847 | $105,381 | $100,393 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Amplio Economic Development Corporation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps small businesses grow to boost Minnesota's economy.
Questions for Amplio Economic Development Corporation
Your first name shows with your question. Amplio Economic Development Corporation answers here, for everyone.
The 504 program includes 503/504 loans for the purpose of furthering the economic development for the state of minnesota. Approximately 47 loans were closed in 2020.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1577185) · Dispute this lineThe organization served as program administrator for COVID-19 related relief grant programs for businesses and nonprofit organizations.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1577185) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.8M |
| Land, buildings, equipmentLn 10c | $27K | $49K |
| Total assetsLn 16 | $1.6M | $2.1M |
| LiabilitiesLn 26 | $276K | $512K |
| Net assetsLn 32 | $1.3M | $1.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $51K | $51K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $92K | $92K | ||
| Pension plan contributionsLn 8 | $4K | $4K | ||
| Payroll taxesLn 10 | $7K | $7K | ||
| Legal feesLn 11b | $7K | $6K | $321 | |
| Accounting feesLn 11c | $33K | $33K | ||
| Advertising and promotionLn 12 | $17K | $17K | ||
| Office expensesLn 13 | $24K | $21K | $4K | |
| OccupancyLn 16 | $89K | $83K | $5K | |
| TravelLn 17 | $8K | $8K | ||
| Conferences, conventions and meetingsLn 19 | $30K | $30K | ||
| Depreciation, depletion and amortizationLn 22 | $12K | $11K | $700 | |
| InsuranceLn 23 | $16K | $9K | $6K | |
| Other expenses (24a–d)Ln 24 | $1.1M | $947K | $182K | |
| All other expensesLn 24e | $11K | $11K | $954 | |
| Total functional expensesLn 25 | $1.5M | $1.3M | $232K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jun 15, 2026 | $1.7M | $1.7M | $40K | $2.1M | 990 PDF |
| FY2024Filed with the IRS Jun 5, 2025 | $1.9M | $1.7M | $281K | $2.1M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $1.9M | $1.7M | $203K | $1.8M | 990 PDF |
| FY2022Filed with the IRS May 17, 2023 | $1.7M | $1.8M | −$52K | $1.6M | 990 PDF |
| FY2021Filed with the IRS May 13, 2022 | $1.7M | $1.6M | $59K | $1.7M | 990 PDF |
| FY2020 ViewingFiled with the IRS May 3, 2022 | $1.9M | $1.5M | $331K | $1.6M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $1,860,969 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, no flags
Part VIII · Statement of revenue $1,860,969 across 3 lines filed
Part IX · Statement of functional expenses $1,530,220 across 15 lines filed
Part X · Balance sheet $2,121,086 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,608,835 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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