Nonprofit · EIN 06-1770182
ELY AREA COMMUNITY FOUNDATION INC
Tax-exempt (reinstated) · ELY, MN 55731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,758,174 | $383,645 | $1,374,529 | $5,199,291 | $13,523 | $5,185,768 |
| December 31, 2024 | 990 | $1,382,905 | $457,080 | $925,825 | $3,989,873 | $183,647 | $3,806,226 |
| December 31, 2023 | 990 | $1,552,126 | $99,210 | $1,452,916 | $2,901,901 | $0 | $2,901,901 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,553,801
- of which government grants
- $40,247
- Program service revenue
- $0
- Investment income
- $58,701
- Net rental income
- $145,658
- Other revenue
- $145,672
Expenses
- Grants and similar amounts paid
- $20,060
- Other salaries and wages
- $11,680
- Salaries, compensation and benefits (total)
- $12,851
- Professional fundraising fees
- $67,500
- Legal fees
- $2,895
- Accounting fees
- $27,906
- Occupancy
- $36,074
- Depreciation
- $96,498
- Program services (functional)
- $249,202
- Management and general (functional)
- $66,943
- Fundraising (functional)
- $67,500
Balance sheet and other
- Total assets, start of year
- $3,989,873
- Total assets, end of year
- $5,199,291
- Total liabilities, end of year
- $13,523
- Net assets, end of year
- $5,185,768
- Land, buildings and equipment
- $3,465,630
- Publicly traded securities
- $62,410
- Net assets without donor restrictions
- $5,185,768
- Gross receipts
- $1,758,174
- Employees
- 1
- Year formed
- 2006
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATTI BANKS | BOARD Trustee or director | 0.5 | $0 |
| JOSEPH BIANCO | BOARD Trustee or director | 0.5 | $0 |
| ANITA LANCELLO BYDLON | BOARD Trustee or director | 0.5 | $0 |
| HEATHER FITZGERALD | BOARD Trustee or director | 0.5 | $0 |
| ALLISON HEIMAN | BOARD Trustee or director | 0.5 | $0 |
| TODD HEIMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| JULIE HIGNELL | BOARD Trustee or director | 0.5 | $0 |
| PAUL KNUTI | BOARD Trustee or director | 0.5 | $0 |
| DAVID MARSHALL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| HEIDI OMERZA | BOARD Trustee or director | 0.5 | $0 |
| KURT SODERBERG | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFF SUNDELL | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATTI BANKS | BOARD Trustee or director | 1 | $0 |
| JOSEPH BIANCO | BOARD Trustee or director | 1 | $0 |
| ANITA LANCELLO BYDLON | BOARD Trustee or director | 1 | $0 |
| HEATHER FITZGERALD | BOARD Trustee or director | 1 | $0 |
| ALLISON HEIMAN | BOARD Trustee or director | 1 | $0 |
| TODD HEIMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| JULIE HIGNELL | BOARD Trustee or director | 1 | $0 |
| PAUL KNUTI | BOARD Trustee or director | 1 | $0 |
| DAVID MARSHALL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| HEIDI OMERZA | BOARD Trustee or director | 1 | $0 |
| KURT SODERBERG | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFF SUNDELL | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATTI BANKS | BOARD Trustee or director | 1 | $0 |
| JOSEPH BIANCO | BOARD Trustee or director | 1 | $0 |
| ANITA LANCELLO BYDLON | BOARD Trustee or director | 1 | $0 |
| HEATHER FITZGERALD | BOARD Trustee or director | 1 | $0 |
| TODD HEIMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| JULIE HIGNELL | BOARD Trustee or director | 1 | $0 |
| PAUL KNUTI | BOARD Trustee or director | 1 | $0 |
| DAVID MARSHALL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| HEIDI OMERZA | BOARD Trustee or director | 1 | $0 |
| AMANDA PETERSON | BOARD Trustee or director | 1 | $0 |
| KURT SODEBERG | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFF SUNDELL | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 760 E MINERS DR, ELY, MN 55731-1400
- In care of
- % JOHN FREEMAN
- Mailing address (990-N for 2021)
- 323 E Sheridan St, Ely MN 55731
- Principal officer (990 for 2025)
- JEFF SUNDELL, 760 MINERS DRIVE E, ELY, MN 55731
- Principal officer (990-N for 2021)
- Jeff Sundell, 323 E Sheridan ST, Ely MN 55731
- Signed the 990
- JEFF SUNDELL, CHAIRPERSON
- Phone
- (218) 504-9505
- Website
- WWW.ELYACF.ORG
- Return prepared by
- KOLQUIST SEITZ & GOLDMAN LLC
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.
Program accomplishments
- ENHANCE COMMUNITY DEVELOPMENT AND QUALITY OF LIFE IN ELY, MN AND THE SURROUNDING COMMUNITIES THROUGH THE DISTRIBUTION OF ENDOWMENT FUND GRANTS.Expenses $249,202 · grants $20,060
- DEPRECIATION EXPENSE
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1770182
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $5,199,291
- Income (IRS master file)
- $1,758,174
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- September 12, 2012
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,758,174 | $383,645 | $5,199,291 | XML |
| 990 | December 2024 | $1,382,905 | $457,080 | $3,989,873 | XML |
| 990 | December 2023 | $1,552,126 | $99,210 | $2,901,901 | XML |
| 990 | December 2022 | $1,406,565 | $33,702 | $1,420,426 | IRS |
| 990-N for 2021 Officer: Jeff Sundell | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: John Freeman | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: John Freeman | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1770182).
Questions about ELY AREA COMMUNITY FOUNDATION INC
- What is the EIN of ELY AREA COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of ELY AREA COMMUNITY FOUNDATION INC is 06-1770182.
- Is ELY AREA COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to ELY AREA COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELY AREA COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELY AREA COMMUNITY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELY AREA COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ELY AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JEFF SUNDELL.
- Who are the officers and directors of ELY AREA COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does ELY AREA COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,758,174, expenses of $383,645 and total assets of $5,199,291 at year end.
Other nonprofits in ELY
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- LIVE TO GIVE FOUNDATION EIN 87-3876172 · last filed 990-N for 2025
- ELY-BLOOMENSON COMMUNITY HOSPITAL EIN 41-0808719 · last filed 990 for 2025
- NORTHEASTERN MINNESOTANS FOR WILDERNESS EIN 01-0743018 · last filed 990 for 2025
- ELY AREA CREDIT UNION EIN 41-0237440 · last filed 990 for 2025
- NORTH AMERICAN BEAR CENTER EIN 41-1838192 · last filed 990 for 2025
- ELY EDUCATIONAL FOUNDATION INC EIN 41-1622190 · last filed 990 for 2025
- VETERANS ON THE LAKE RESORT EIN 41-1439548 · last filed 990 for 2023
All nonprofits in ELY · Minnesota · Philanthropy, voluntarism and grantmaking foundations