2024-05-16T15:49:25-04:00 2023-06-30 810817971 Charles R Zeugner CPA 10 N 1st Ave E STE 204 Ely MN 55731 990 2022-07-01 410237425 Ely Chamber of Commerce ELYC 1600 East Sheridan St Ely MN 55731 Dafne Caruso President 2183656123 2024-05-26 false Dafne Caruso Charles Zeugner P01052112 2183656020 2024-05-16 X 0 00 AAL2 IAL1 2022 2023-04-26 12:10:37Z 194126 false X www.ely.org X 1959 MN The Chamber of Commerce leads a thriving sustainable economic community through leadership and advocacy, strategic partnerships, career development of its workforce, and business diversity and education. 7 7 5 33830 0 72299 233547 103648 3632 3889 14290 237179 194126 0 0 122033 134118 0 0 183950 208892 305983 343010 -68804 -148884 402900 318794 57711 132857 345189 185937 The Chamber of Commerce leads a thriving sustainable economic community through leadership and advocacy, strategic partnerships, career development of its workforce, and business diversity and education. false false 324750 Events and Promotions Committee: Produces several festivals designed to draw tourists into the area and oversees community activities designed to bring shoppers to the central business district and into area restaurants. 324750 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 5 true true true false false false false false false false X 7 7 false false false false true true true true true false false true true true true false false true false false MN X Eva Sebesta 2183656123 1600 East Sheridan St Ely MN 55731 X Eva Sebesta Executive Director 0.00 40.00 X 47500 0 0 William Vosburgh Director 0.00 1.00 X 0 0 0 Nick Ott Director 0.00 1.00 X 0 0 0 Kris Winkelman Treasurer 0.00 1.00 X 0 0 0 Dafne Caruso President 0.00 1.00 X 0 0 0 Dave Sebesta 1st Vice President 0.00 1.00 X 0 0 0 Jodi Martin Secretary 0.00 1.00 X 0 0 0 Mike Sherbing 2nd Vice President 0.00 1.00 X 0 0 0 47500 0 0 0 false false false 72299 72299 Festivals 711300 51071 51071 Seminars and Misc proje 611430 18747 18747 Vacation Guide 511190 33830 33830 103648 3889 3889 Gift Certificates 900099 14290 14290 14290 194126 87997 33830 0 X 120210 1426 12482 406 1950 2257 14469 12952 14724 223 6983 6628 3976 Events and Promotions 59761 59761 Vacation Guide 35722 35722 Gift Certificates 16145 16145 Special Projects 20601 20601 12095 343010 0 0 0 39281 27405 313621 232156 1710 1396 8948 113206 64631 48602 48575 402900 318794 28173 61624 29538 71233 57711 132857 X 345189 185937 345189 185937 402900 318794 X -148884 10650 -21018 X false X false X false 89014 46465 42549 12192 7466 4726 12000 10700 1300 48575 Total Other Current Liabilities 71233 71233 Unrelated business income explanation Part V line 3b The Chamber publishes a visitor guide. While the guide itself is directly related to the not-for-profit purpose, the Chamber does accept advertising. Members or stockholder classes and rights Part VI line 6 Active membership: Any person, natural or legal, who in doing business in the trade area of Ely, MN and shares a common concern for the economic, civic, commercial, and social welfare of the Ely area and who shall be declared eligible to active membership and subject to the acceptance of the board of directors shall be eligible for the active membership in the corporation. Sponsoring membership: Any person, natural or legal,who shall submit to the purpose and support the activities of this corporation shall be eligible for sponsoring membership in this corporation. Sponsoring membership includes clubs and organizations and for-profit businesses that do not have a physical location in Ely. The board of directors, from time to time, may create such classes of sponsoring memberships as it deems in the best interest of the corporation and establish the privilges, rights, and obligations of such sponsoring memberships, provided however, that no such sponsoring memberships shall be entitled to vote in the affairs of the corporation. Member election for additional members Part VI line 7a Nominating committee: The president of the board shall appoint, subject to the approval of the board of directors, a nominating committee consisting of two board members whose terms are not currently expiring and three active members not serving on the board. The president shall designate the chair of the nominating committee. The nominating committee shall present to the president a slate of candidates equal to the nmber of directors whose terms are expiring to serve three year terms to replace said directors. Each candidate must be an active member in good standing and must have agreed to accept the responsibility of a directorship. Notice of nominations: Upon receipt of the nominating committees report, the president shall immediately notify the membership by mail of the names of persons nominated as candidates for directors and the right of petition.Nominations by petition: Additional names of candidates for directors can be nominated by petition bearing the genuine signatures of at least three members of the Chamber in good standing. Each candidate nominated by petition must be an active member in good standing and must have agreed to accept the responsibilities of a directorship. Determination: If no petition of a candidate who is an active member in good standing and who has agreed to accept the responsibilities of directorship is filed within the designated period, the nominations shall be closed, and the nominated slate of candidates shall be declared elected by the board of directors at its regular board meeting.If a petition presents additional candidates, the names of all candidates shall be arranged on a ballot in alphabetical order. Instructions will be to vote for a number of candidates equal to the number of directors whose terms are expiring only. The ballots shall be marked in accordance with instructions printed on the ballot and returned to the designated location within the timeframe prescribed on the ballot. The directors shall at its regular board meeting declare elected the number of candidates equal to the number of directors whose terms are expiring with the greatest number of votes. Governing body decisions Part VI line 7b See above (Line 7A) Governing body meeting documentation Part VI line 8a Minutes are kept of all board of director meetings and are distributed to members. Committee meeting documentation Part VI line 8b Committees report their minutes and findings to the board of directors. Form 990 governing body review Part VI line 11 The Form 990 is reviewed by the executive director and board members prior to filing. Conflict of interest policy compliance Part VI line 12c There is a continual review of any conflicts or potential conflicts. Any conflicts or potential conflicts are addressed by the board. CEO executive director top management comp Part VI line 15a The board of directors reviewed and documented similar salary ranges prior to hiring a new executive director. Form 990 availability to public Part VI line 18 The Form 990 is available to the public upon request. Governing documents etc available to public Part VI line 19 Governing documents and other organization documents are publicly available upon request. Explanation of other changes in net assets or fund balances Part XI line 9 There was a change in net assets caused by corrections of fixed assets. There were items included on the asset schedule that no longer existed. Removing the items changed the basis of assets on the schedule.This was reported as a prior period adjustment. It was not reported as a change in accounting. List of other expenses Part IX line 24e Training 1092Bank Fees 1988Dues & Subscriptions 4133Misc Exp 3747Other 1135 In May of 2022 it became necessary to sever ties with the existing accountant and 990 preparer. In July, the Chamber hired another accounting firm. However the person with expertise to prepare the 990 left the firm. That firm disengaged and agreed to file a request for an extension. In October of 2023, the Chamber hired another firm. In January of 2024, that firm returned the tax information and stated that the didnt have time to do the taxes. At that time, it was determined that the previous firm had prepared, but not submitted the request for an extension. The Chamber has subsequently begun working with another firm that has prepared and submitted this Form 990. The Ely Chamber of Commerce has acted in good faith and has attempted to meet filing deadlines in spite of challenges finding a preparer. The Ely Chamber of Commerce has not filed Form 990s in an untimely manner in the past, and it has taken steps to assure that it will not file them late in the future. Given the circumstances and the Chambers history, we are respectfully requesting abatement of all late filing penalties.