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Ely Area Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061770182 ✦ Ely, MN ✦ Designated as a 501(c)(3)

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Overview

What is Ely Area Community Foundation Inc?

Ely Area Community Foundation Inc, based in Ely, Minnesota, is a nonprofit organization whose primary mission is to enhance the community development and improve the quality of life in Ely and its surrounding areas. They achieve this by distributing grants from their endowment fund. This philanthropic endeavor aims to foster growth and well-being within the local communities, ensuring a sustainable and flourishing future for its residents.


Official website here: www.elyacf.org

Is Ely Area Community Foundation Inc legitimate?

Ely Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ely Area Community Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.elyacf.org

What is the mission statement of Ely Area Community Foundation Inc?

The Ely Area Community Foundation Inc's mission is centered around improving community development and enhancing the quality of life in various communities. They achieve this goal by distributing grants from their endowment fund. This organization strives to make a positive impact on the communities, promoting growth and better living standards for its residents. By providing financial aid through grants, they help support various projects and initiatives that contribute to the overall well-being of the community.


Official website here: www.elyacf.org

Who is the CEO of Ely Area Community Foundation Inc?

Jeff Sundell is the Board of Ely Area Community Foundation Inc.


Official website here: www.elyacf.org

What is the revenue of Ely Area Community Foundation Inc?

Ely Area Community Foundation Inc's revenue in 2022 was $1,406,565.


Official website here: www.elyacf.org

Who are the executives of Ely Area Community Foundation Inc and what are their salaries?


Here are 11 key members and their salaries:


Patti Banks (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Bianco (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Lancello Bydlon (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Fitzgerald (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Heiman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Hignell (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Knuti (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Marshall (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Omerza (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Sodeberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Sundell (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.elyacf.org

Where can I find the form 990 for Ely Area Community Foundation Inc?

Ely Area Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.elyacf.org

Learn more at the official website: www.elyacf.org

Mission Statement of Ely Area Community Foundation Inc

Ely Area Community Foundation Inc, a nonprofit organization, is dedicated to enhancing community development and improving the overall quality of life in its surrounding communities. It achieves this mission by distributing grants from its endowment fund. By doing so, the foundation aims to contribute positively to various aspects of community life, ultimately promoting a more vibrant and prosperous community for all its residents.

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Impact




July, 2024

Ely Area Community Foundation Inc is making a significant impact in Ely, MN, and the surrounding communities by enhancing community development and overall quality of life. Through the distribution of endowment fund grants, this organization is actively supporting various initiatives that benefit the local residents and contribute to the growth and prosperity of the area. This commitment to philanthropy is creating positive change and fostering a stronger, more vibrant community for all who call Ely and its surrounding neighborhoods home.




This information is meant to be a general summary of Ely Area Community Foundation Inc. 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.

Revenue
$1,406,565 (2022)
Expenses
$33,702 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,560
  • Gross Receipts: $1,406,565

Assets and Liabilities:

  • Total Assets: $1,420,426
  • Total Liabilities: $0
  • Net Assets: $1,420,426

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Organization Details

Principal Officer

Jeff Sundell

Main Address

760 MINERS DRIVE E, ELY, MN, 55731

NTEE Category

Code: T12 - Philanthropy

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