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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) 504-9505
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 12/31/2025

INCOME
Direct Public Support$1,513,554
Government Grants+ $40,247
Other Revenue+ $204,373
Total Revenue$1,758,174
EXPENSES
Amount Spent for Program or Charitable Purposes$249,202
Management/General Expense+ $66,943
Fundraising Expense+ $67,500
Total Expenses$383,645

Excess/Deficit
Total Revenue$1,758,174
Total Expenses- $383,645
Excess/Deficit$1,374,529
End of Year Fund Bal/Net Worth
Total Assets$5,199,291
Total Liabilities- $13,523
End of Year Fund Bal/Net Worth$5,185,768

Financial Information for Prior Years

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