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Federal ID# 061770182

Ely Area Community Foundation, Inc.

General Information

Organization Type CHARITY
Contact Person Jeff Sundell
Address 760 Miners Drive East, Ely, MN 55731-
Phone Number (218) 365-4535
Purpose or Description To enhance community development and quality of life in Ely and the surrounding communities through the distribution of endowment fund grants.
Status Active
Extension None

Financial Information

For Fiscal Year Ending 12/31/2024

INCOME
Direct Public Support$70,875
Government Grants+ $1,200,000
Other Revenue+ $112,030
Total Revenue$1,382,905
EXPENSES
Amount Spent for Program or Charitable Purposes$362,125
Management/General Expense+ $34,955
Fundraising Expense+ $60,000
Total Expenses$457,080

Excess/Deficit
Total Revenue$1,382,905
Total Expenses- $457,080
Excess/Deficit$925,825
End of Year Fund Bal/Net Worth
Total Assets$3,989,873
Total Liabilities- $183,647
End of Year Fund Bal/Net Worth$3,806,226

Financial Information for Prior Years

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