Nonprofit · EIN 41-1577185
AMPLIO ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ARDEN HILLS, MN 55112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,706,832 | $1,666,759 | $40,073 | $2,583,694 | $443,873 | $2,139,821 |
| December 31, 2024 | 990 | $1,945,185 | $1,664,416 | $280,769 | $2,583,861 | $484,113 | $2,099,748 |
| December 31, 2023 | 990 | $1,921,360 | $1,717,946 | $203,414 | $2,373,398 | $554,419 | $1,818,979 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,641,480
- Investment income
- $65,352
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $200
- Compensation of officers, directors and key employees
- $49,049
- Salaries, compensation and benefits (total)
- $52,802
- Professional fundraising fees
- $0
- Legal fees
- $17,107
- Accounting fees
- $38,224
- Occupancy
- $94,520
- Travel
- $14,596
- Depreciation
- $10,046
- Program services (functional)
- $1,357,491
- Management and general (functional)
- $309,268
Balance sheet and other
- Total assets, start of year
- $2,583,861
- Total assets, end of year
- $2,583,694
- Total liabilities, end of year
- $443,873
- Net assets, end of year
- $2,139,821
- Land, buildings and equipment
- $23,628
- Net assets without donor restrictions
- $2,139,821
- Gross receipts
- $1,706,832
- Employees
- 1
- Volunteers
- 53
- Year formed
- 1981
- State of legal domicile
- MN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW CLAUSEN | ASSISTANT TREASURER/CEO Officer | 44 | $221,947 | $40,534 |
| JONATHAN SAGE-MARTINSON | ASSISTANT SECRETARY/CEO Trustee or director, Officer | 44 | $131,749 | $16,462 |
| CHRIS KAYE | LOAN OFFICER Highest-paid employee | 44 | $102,879 | $42,254 |
| JAMES TERRELL | CHAIR/ DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| KIM STOREY | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JOE BAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAOUL BOOTON | MANAGING DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY ETHEN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN FRITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHET MASSERANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL GAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE KIMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIMMY LOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY STOICK | DIRECTOR/ VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SWAMMI | SECRETARY/ TREASURER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE ERCHUL | DIRECTOR Trustee or director | 1 | $0 |
| ERIN HAMMER | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN PEARSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN SAGE-MARTINSON | ASSISTANT SECRETARY/ CEO Trustee or director, Officer | 44 | $237,208 | $35,019 |
| ANDREW CLAUSEN | ASSISTANT TREASURER Officer | 44 | $180,373 | $36,162 |
| CHRIS KAYE | LOAN OFFICER Highest-paid employee | 44 | $100,771 | $39,121 |
| JAMES TERRELL | CHAIR/ DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| KIM STOREY | SECRETARY/ TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOE BAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAOUL BOOTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY ETHEN | VICE CHAIR/ CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN FRITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHET MASSERANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL GAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE KIMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIMMY LOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY STOICK | DIRECTOR/ VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW SWAMMI | SECRETARY/ TREASURER Trustee or director | 1 | $0 | $0 |
| STEVE ERCHUL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN SAGE-MARTINSON | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 44 | $390,164 | $38,525 |
| ANDY CLAUSEN | ASSISTANT TREASURER Officer | 44 | $188,180 | $41,256 |
| CHRIS KAYE | LOAN OFFICER Highest-paid employee | 44 | $109,918 | $38,852 |
| SCOTT HOESCHEN | LOAN OFFICER Highest-paid employee | 44 | $114,768 | $7,474 |
| JAMES TERRELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KARI COLLINS | VICE CHAIR/ DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| KIM STOREY | SECRETARY/ TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOE BAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAOUL BOOTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY DUBAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN EDSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WENDY ETHEN | DIRECTOR/ VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN FRITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY GIKAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHET MASSERANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARI SCHURMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL GAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE KIMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIMMY LOYD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY STOICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3900 NORTHWOODS DR STE 225, ARDEN HILLS, MN 55112-6987
- Principal officer (990 for 2025)
- BRIAN MCDONALD, 3900 NORTHWOODS DRIVE, ARDEN HILLS, MN 55112
- Signed the 990
- BRIAN MCDONALD, CHIEF EXECUTIVE OFFICER
- Phone
- (651) 631-4900
- Website
- WWW.AMPLIOEDC.COM
- Return prepared by
- JOHN A KNUTSON & CO PLLP
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE INNOVATIVE FINANCING RESOURCES THAT FOSTER BUSINESS GROWTH.
Program accomplishments
- THE 504 PROGRAM INCLUDES 503/504 LOANS FOR THE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT FOR THE STATE OF MINNESOTA. APPROXIMATELY 26 LOANS WERE CLOSED IN 2025.Expenses $1,357,491 · grants $200 · revenue $1,706,832
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1577185
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,583,694
- Income (IRS master file)
- $1,706,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,706,832 | $1,666,759 | $2,583,694 | XML |
| 990 | December 2024 | $1,945,185 | $1,664,416 | $2,583,861 | XML |
| 990 | December 2023 | $1,921,360 | $1,717,946 | $2,373,398 | XML |
| 990 | December 2022 | $1,724,789 | $1,776,964 | $2,286,785 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 41-1577185).
Questions about AMPLIO ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of AMPLIO ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of AMPLIO ECONOMIC DEVELOPMENT CORPORATION is 41-1577185.
- Is AMPLIO ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1987.
- Are donations to AMPLIO ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMPLIO ECONOMIC DEVELOPMENT CORPORATION 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 AMPLIO ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMPLIO ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AMPLIO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names BRIAN MCDONALD.
- Who are the officers and directors of AMPLIO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 18 people; 3 received compensation from the organization, the highest $221,947 (ANDREW CLAUSEN, ASSISTANT TREASURER/CEO).
- How much revenue does AMPLIO ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,706,832, expenses of $1,666,759 and total assets of $2,583,694 at year end.
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