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Organizations Amplio Economic Development Corporation

Amplio Economic Development Corporation

Fiscal year ending 2024. Filed on June 5, 2025.

3900 Northwoods Drive
Arden Hills, Minnesota 55112

Amplio Economic Development Corporation (EIN: 41-1577185) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Amplio Economic Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $209,551. The highest compensated employee at Amplio Economic Development Corporation is Jonathan Sage-Martinson with fiscal year 2024 compensation of $272,227. Amplio Economic Development Corporation changed its name from Spedco in 2020.

Revenue, expenses, and employee compensation

Revenue

$1,945,185

Expenses

$1,664,416

Employee compensation

$122,764
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jonathan Sage-Martinson
Assistant Secretary/ CEO
$272,227
$237,208 No related comp$35,019
Andrew Clausen
Assistant Treasurer
$216,535
$180,373 No related comp$36,162
Chris Kaye
Loan Officer
$139,892
$100,771 No related comp$39,121

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Swammi
Secretary and Treasurer
Chet Masserano
Director
James Terrell
Chair and Director
Jimmy Loyd
Director
Joe Bauer
Director
John Fritz
Director
Julie Kimble
Director
Kim Storey
Secretary and Treasurer
Mary Stoick
Vice Chair and Director
Michael Gay
Director
Raoul Booton
Director
Steve Erchul
Director

Mission Statement

THIS CORPORATION ELECTS TO BE GOVERNED UNDER THE PROVISIONS OF MINNESOTA STATUTES CHAPTER 317A. AMPLIO ECONOMIC DEVELOPMENT CORPORATION FURTHERS THE ECONOMIC DEVELOPMENT OF THE STATE OF MINNESOTA AND THE ADJOINING ECONOMIC DEVELOPMENT AREA BY ASSISTING THE GROWTH OF SMALL BUSINESSES AND THERBY CONTRIBUTING TO THE ECONOMIC WELL-BEING OF THE AREA. THE CORPORATION IS CERTIFIED AS A CERTIFIED DEVELOPMENT COMPANY BY THE U.S. SMALL BUSINESS ADMINISTRATION.

Revisions to this organization profile

June 5, 2025:
2024 Amplio Economic Development Corporation 990 filed
May 15, 2024:
2023 Amplio Economic Development Corporation 990 filed
May 17, 2023:
2022 Amplio Economic Development Corporation 990 filed

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