ELY AREA COMMUNITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

ELY AREA COMMUNITY FOUNDATION INC

EIN 06-1770182 · Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)

What they do

to ENHANCE COMMUNITY DEVELOPMENT and QUALITY of LIFE IN THE ELY, MN and SURROUNDING COMMUNITIES BY ESTABLISHING PROGRAMS and FACILITIES THAT IMPROVE THE WELL-BEING of OUR CITIZENS and THROUGH THE DISTRIBUTION of BOARD DESIGNATED GRANTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

26.19%of revenue went to mission work79.2% of expenses · Program services

4.34%of revenue went to fundraising13.1% of expenses

$33.05spent for every $100 of revenueRevenue covered expenses this year.

2.53%of revenue went to management and office costs7.6% of expenses

$8.73in assets for every $1 spent this yearSome assets cannot be spent right away.

91.9%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,382,905

Mission workProgram services$362,12526.19% of revenue79.2% of expenses

ManagementOffice and general costs$34,9552.53% of revenue7.6% of expenses

FundraisingAsking for donations$60,0004.34% of revenue13.1% of expenses

Revenue left after expensesReported annual surplus$925,82566.95% of revenueShown in gray on the chart

Total expenses$457,08033.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.2% mission · 7.6% management · 13.1% fundraisingTotal expenses: 33.05% of revenue

2023Expense mix: 48.8% mission · 51.2% management · 0.0% fundraisingTotal expenses: 6.39% of revenue

2022Expense mix: 21.6% mission · 78.4% management · 0.0% fundraisingTotal expenses: 2.40% of revenue

Money in and money out

Revenue$1,382,905

Expenses$457,080

Annual surplus $925,825 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$362,125 · 79.2% of expenses

Management and office costs$34,955 · 7.6% of expenses

Fundraising$60,000 · 13.1% of expenses

See all reported dollar amounts

Revenue$1,382,905

Expenses$457,080

Assets$3,989,873

Income$1,382,905

Contributions$1,270,875

Mission work (program services)$362,125

Fundraising$60,000

Grants given$196,963

Average grant$196,963

Management and general$34,955

Stocks and bonds$468,842

Accounting fees$15,180

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (12)

ALLISON HEIMANBOARD

ANITA LANCELLO BYDLONBOARD

DAVID MARSHALLVICE CHAIR

HEATHER FITZGERALDBOARD

HEIDI OMERZABOARD

JEFF SUNDELLCHAIRPERSON

JOSEPH BIANCOBOARD

JULIE HIGNELLBOARD

KURT SODERBERGSECRETARY

PATTI BANKSBOARD

PAUL KNUTIBOARD

TODD HEIMANTREASURER

About this charity

Recognized since: January 2013
Location: 760 MINERS DRIVE E, ELY, MN 55731
County: St. Louis
In care of: JEFF SUNDELL
Primary officer: JEFF SUNDELL, CHAIRPERSON

How to reach them

WebsiteVisit the charity’s website Emailinfo@elyacf.org Phone(218) 235-1561 Officer phone(218) 365-4535

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KOLQUIST SEITZ & GOLDMAN LLC
NTEE classification: Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes