Amplio Economic Development Corporation
The organization's mission is to provide innovative financing resources that foster business growth.
Amplio Economic Development Corporation at a glance
In short: Amplio Economic Development Corporation reported $200 in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $200 — reported as a total on the IRS filing, without an itemized list
- -71.4% vs 2024
- Total assets
- $2,583,694
- -0.0% vs 2024
- Revenue (2025)
- $1,706,832
- -12.3% vs 2024
- Net investment income (2025)
- $65,352
- -4.6% vs 2024
- Expenses (2025)
- $1,666,759
- +0.1% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Amplio Economic Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Amplio Economic Development Corporation gives
- Giving held roughly steady from 2019 to 2022 (−5%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $200 (2025) to $50K (2020). In 2025 it reported $200 in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The St Paul Foundation St. Paul, MN | To make philanthropic grants and provide services that contribute to the health and vitality of the community. | $45,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,583,694 | $1,706,832 | $1,666,759 | $200 | Total only | $65,352 |
| 2024 | $2,583,861 | $1,945,185 | $1,664,416 | $700 | Total only | $68,488 |
| 2023 | $2,373,398 | $1,921,360 | $1,717,946 | $850 | Total only | $24,869 |
| 2022 | $2,286,785 | $1,724,789 | $1,776,964 | $45,000 | 1 | $8,346 |
| 2021 | $2,389,322 | $1,673,181 | $1,614,276 | $1,070 | Total only | $7,240 |
| 2020 | $2,121,086 | $1,860,969 | $1,530,220 | $50,000 | 1 | $13,701 |
| 2019 | $1,554,173 | $1,528,491 | $1,528,173 | $47,500 | 1 | $10,856 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Amplio Economic Development Corporation
Based on IRS filings
Amplio Economic Development Corporation is a public charity, based in Arden Hills, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.6M in total assets. In 2025, it reported $200 in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $65K.
Leadership & Key People
Officers and directors from IRS filings
Amplio Economic Development Corporation is led by Jonathan Sage-Martinson, Assistant Secretary & CEO since 2024 (on filings since 2019); 3 of 18 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jonathan Sage-Martinson
Assistant Secretary & CEO
Chief Executive Officer → Assistant Secretary & CEO, 2024
On filings since 2019
44 hrs/week
$195K (2019) → $132K (2025)
Andrew Clausen
Assistant Treasurer & CEO
Assistant Treasurer → Assistant Treasurer & CEO, 2025
On filings since 2024
44 hrs/week
$180K (2024) → $222K (2025)
James Terrell
Chair & Director
Vice Chair & Chair → Chair, 2023
Chair → Chair & Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Wendy Ethen
Board Chair
Director & Vice Chair → Vice Chair & Chair, 2024
Vice Chair & Chair → Board Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
Raoul Booton
Managing Director
Chair & Director → Director, 2023
Director → Managing Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Chet Masserano
Director
On filings since 2019
1 hr/week
No compensation reported
Joe Bauer
Director
On filings since 2019
1 hr/week
No compensation reported
John Fritz
Director
On filings since 2019
1 hr/week
No compensation reported
Kim Storey
Director
Secretary & Treasurer → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Jimmy Loyd
Director
On filings since 2023
1 hr/week
No compensation reported
Julie Kimble
Director
On filings since 2023
1 hr/week
No compensation reported
Mary Stoick
Director & Vice Chair
Director → Director & Vice Chair, 2024
On filings since 2023
1 hr/week
No compensation reported
Michael Gay
Director
On filings since 2023
1 hr/week
No compensation reported
Steve Erchul
Director
On filings since 2024
1 hr/week
No compensation reported
Erin Hammer
Director
New on the 2025 filing
1 hr/week
No compensation reported
Nathan Pearson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Chris Kaye
Loan Officer
On filings since 2020
44 hrs/week
$100K (2020) → $103K (2025)
Andrew Swammi
Secretary & Treasurer
On filings since 2024
1 hr/week
No compensation reported
Former officers (16)
- Former: Andy Clausen (2019–2023) — Assistant Treasurer
- Former: Jay Gikas (2019–2023) — Director
- Former: John Edson (2019–2023) — Director
- Former: Kari Schurmann (2019–2023) — Director
- Former: Scott Hoeschen (2019–2023) — Loan Officer
- Former: Tony Dubay (2019–2023) — Director
- Former: Kari Collins (2021–2023) — Vice Chair & Director
- Former: David Vieau (2019–2022) — Director
- Former: Martin Schieckel (2019–2022) — Director
- Former: Joe Stranik (2019–2020) — Director
- Former: Loren Herbst (2019–2020) — Director
- Former: Paul Flood (2019–2020) — Director
- Former: Gerard Berenz (2019) — Director
- Former: Rick Anderson (2019) — Secretary & Treasurer
- Former: Sean Boland (2019) — Director
- Former: Terri Dooher Fleming (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $222K, to Andrew Clausen (Assistant Treasurer/CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Amplio Economic Development Corporation
How much does Amplio Economic Development Corporation give each year?
Amplio Economic Development Corporation reported $200 in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $700 in grants paid.
How large is Amplio Economic Development Corporation?
Amplio Economic Development Corporation reported $2.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.7M.
Where does Amplio Economic Development Corporation operate?
Amplio Economic Development Corporation has awarded grants in Minnesota.
What is Amplio Economic Development Corporation's EIN?
Amplio Economic Development Corporation's EIN (Employer Identification Number) is 41-1577185. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 29, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 3, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 17, 2023)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 5, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 15, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
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Figures come from Amplio Economic Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Amplio Economic Development Corporation down — hundreds of funders to go?