Overview
What is Amplio Economic Development Corporation?
Amplio Economic Development Corporation is a nonprofit organization situated in Arden Hills, Minnesota, with a single employee. They are dedicated to advancing the economic development of Minnesota and its surrounding area by supporting small businesses. This corporation operates under the stipulations of Minnesota Statutes Chapter 317A and is recognized as a certified development company by the U.S. Small Business Administration. Their mission is to offer innovative financing resources that encourage business growth through the 504 Program, which includes 503/504 loans. In 2022, approximately 60 such loans were closed, contributing to the overall economic vitality of the region.
Official website here: www.amplioedc.com
Is Amplio Economic Development Corporation legitimate?
Amplio Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Amplio Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $102,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.amplioedc.com
What is the mission statement of Amplio Economic Development Corporation?
Amplio Economic Development Corporation, governed under Minnesota statutes, prioritizes the economic development of the state and its surrounding area. It achieves this by supporting the growth of small businesses, thereby contributing to the area's economic prosperity. As a certified development company by the U.S. Small Business Administration, the organization's mission is to offer innovative financing resources that facilitate business expansion. The corporation's efforts are demonstrated through its 504 program, which includes 503/504 loans, aimed at furthering economic development in Minnesota. In 2022, approximately 60 loans were successfully closed under this program.
Official website here: www.amplioedc.com
Who is the CEO of Amplio Economic Development Corporation?
Jonathan Sage-Martinson is the CEO of Amplio Economic Development Corporation The CEO's salary of Amplio Economic Development Corporation is $390,164 and their total compensation is $428,689.
Official website here: www.amplioedc.com
What is the revenue of Amplio Economic Development Corporation?
Amplio Economic Development Corporation's revenue in 2023 was $1,921,360.
Official website here: www.amplioedc.com
Who are the executives of Amplio Economic Development Corporation and what are their salaries?
The average compensation at Amplio Economic Development Corporation during 2023 was $102,577. There is 1 employee and 48 volunteers at Amplio Economic Development Corporation.
Here are 20 key members and their salaries (Amplio Economic Development Corporation's CEO's salary is $390,164 and their total compensation is $428,689):
- Compensation: $390,164
- Related: $0
- Other: $38,525
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $188,180
- Related: $0
- Other: $41,256
- Compensation: $114,768
- Related: $0
- Other: $7,474
- Compensation: $109,918
- Related: $0
- Other: $38,852
Official website here: www.amplioedc.com
Where can I find the form 990 for Amplio Economic Development Corporation?
Amplio Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.amplioedc.com
Learn more at the official website: www.amplioedc.com
Mission Statement of Amplio Economic Development Corporation
Amplio Economic Development Corporation, governed under Minnesota Statutes Chapter 317A, is committed to fulfilling its mission of fostering economic growth in the state of Minnesota and its surrounding area. This organization, certified as a Certified Development Company by the U.S. Small Business Administration, primarily focuses on assisting the expansion of small businesses. By providing innovative financing resources, Amplio Economic Development Corporation aims to contribute to the economic well-being of the community. Their flagship program, the 504 Program, includes 503/504 loans, which are instrumental in advancing economic development in the state of Minnesota. In 2022, approximately 60 loans were successfully closed through this program.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Amplio Economic Development Corporation significantly impacts the economic landscape of Minnesota and its surrounding areas by facilitating the growth of small businesses. Through innovative financing resources, including the 504 loan program, Amplio empowers entrepreneurs and contributes to the economic well-being of the community. In 2022 alone, approximately 60 loans were closed, illustrating the organization's active role in supporting business development. By enhancing access to funding, Amplio not only helps individual businesses thrive but also promotes broader economic improvement and community growth throughout the region.
This information is meant to be a general summary of Amplio Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $24,869
- Program Service Revenue: $1,896,491
- Gross Receipts: $1,921,360
Assets and Liabilities:
- Total Assets: $2,286,785
- Total Liabilities: $671,220
- Net Assets: $1,615,565
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$1,088,474
ORIGINATION FEES
Revenue
$454,580
FLOAT REVENUE
Revenue
$336,293
OTHER INCOME
Revenue
$17,144
Organization Details
Founding Year
1981
Principal Officer
Jonathan Sage-Martinson
Website
www.amplioedc.comNTEE Category
Code: S30 - Community improvement
If you are a representative of Amplio Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.