NonprofitsEly Area Community Foundation Inc

Philanthropy, Voluntarism & Grantmaking Foundations

Ely Area Community Foundation Inc

ELY, MN

Total revenue

$1.4M

Total expenses

$457K

Net assets

$3.8M

Grants received

$1.4M

3 grants

EIN

061770182

Tax year

2024

Mission

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.

Programs

1 program

Depreciation expense

Expenses: $37K

Financials

FY 2024

Revenue

Contributions & grants$1.3M
Program service revenue
Investment income$59K
Other revenue$53K
Total revenue$1.4M

Expenses

Grants paid$197K
Salaries & benefits
Fundraising$60K
Other expenses$200K
Total expenses$457K
Total assets$4.0M
Net assets$3.8M

People

12 listed

NameRoleCompensation

PATTI BANKS

BOARD

Board

1 hrs/wk

JOSEPH BIANCO

BOARD

Board

1 hrs/wk

ANITA LANCELLO BYDLON

BOARD

Board

1 hrs/wk

HEATHER FITZGERALD

BOARD

Board

1 hrs/wk

ALLISON HEIMAN

BOARD

Board

1 hrs/wk

TODD HEIMAN

TREASURER

Board

2 hrs/wk

JULIE HIGNELL

BOARD

Board

1 hrs/wk

PAUL KNUTI

BOARD

Board

1 hrs/wk

DAVID MARSHALL

VICE CHAIR

Board

1 hrs/wk

HEIDI OMERZA

BOARD

Board

1 hrs/wk

KURT SODERBERG

SECRETARY

Board

1 hrs/wk

JEFF SUNDELL

CHAIRPERSON

Board

1 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$22K
COMM ECON DEV
2024
$2K
GENERAL CONTRIBUTION
2024
$1.4M
SUSTAINING SUPPORT
2022

Funded by

$1.4M from 3 funders · 3 grants · 2022–2024

Greater Milwaukee Foundation Inc

$1.4M · 1 grant · 2022

Duluth-Superior Area Community

$22K · 1 grant · 2024

Berry Family Charitable Trust

$2K · 1 grant · 2024

Details

EIN061770182
NTEE codeT12
Subsection03
Ruling date2013-01
Formed2006
Employees0
ELY AREA COMMUNITY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo