Nonprofit · EIN 41-1622190
ELY EDUCATIONAL FOUNDATION INC
Tax-exempt · ELY, MN 55731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,479,840 | $154,990 | $1,324,850 | $2,503,620 | $0 | $2,503,620 |
| June 30, 2024 | 990 | $62,905 | $134,664 | -$71,759 | $1,104,770 | $0 | $1,104,770 |
| June 30, 2023 | 990 | $114,488 | $144,923 | -$30,435 | $1,085,773 | $0 | $1,085,773 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,406,407
- Program service revenue
- $0
- Investment income
- $71,913
- Net gain from sales of assets
- $1,302
- Other revenue
- $1,520
Expenses
- Grants and similar amounts paid
- $143,618
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,775
- Program services (functional)
- $148,463
- Management and general (functional)
- $6,527
Balance sheet and other
- Total assets, start of year
- $1,104,770
- Total assets, end of year
- $2,503,620
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,503,620
- Publicly traded securities
- $1,971,896
- Net assets without donor restrictions
- $1,043,665
- Net assets with donor restrictions
- $1,459,955
- Gross receipts
- $1,495,411
- Employees
- 0
- Volunteers
- 12
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARLENE NEMANICH | Director Trustee or director | 1 | $0 |
| PAM TURNBULL | Director Trustee or director | 1 | $0 |
| MIKE HEIMAN | Director Trustee or director | 1 | $0 |
| DEREK JOHNSON | Secretary Trustee or director, Officer | 1 | $0 |
| RYAN ANDERSON | Vice President Trustee or director, Officer | 1 | $0 |
| DIANA PETRICH | Director Trustee or director | 1 | $0 |
| ANN JOHNSON | Treasurer Trustee or director, Officer | 1 | $0 |
| ROBERT LATOURELL JR | President Trustee or director, Officer | 1 | $0 |
| JANET DUNNOM | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARLENE NEMANICH | Director Trustee or director | 1 | $0 |
| PAM TURNBULL | Director Trustee or director | 1 | $0 |
| MIKE HEIMAN | Director Trustee or director | 1 | $0 |
| DEREK JOHNSON | Secretary Trustee or director | 1 | $0 |
| RYAN ANDERSON | Vice President Trustee or director | 1 | $0 |
| ROBERT LATOURELL JR | President Trustee or director, Officer | 1 | $0 |
| JANET DUNNOM | Director Trustee or director | 1 | $0 |
| ANN JOHNSON | Treasurer Officer | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARLENE NEMANICH | Director Trustee or director | 1 | $0 |
| MICHAEL HEIMAN | Director Trustee or director | 1 | $0 |
| JANET DURHAM | Director Trustee or director | 1 | $0 |
| DEREK JOHNSON | Secretary Trustee or director | 1 | $0 |
| RYAN ANDERSON | Vice President Trustee or director | 1 | $0 |
| PAM TURNBULL | Director Trustee or director | 1 | $0 |
| ROBERT LATOURELL JR | President Trustee or director, Officer | 1 | $0 |
| DIANA PETRICH | Director Trustee or director | 1 | $0 |
| ANN JOHNSON | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 373, ELY, MN 55731-0373
- Signed the 990
- ANN JOHNSON, Treasurer
- Phone
- (218) 343-3610
- Return prepared by
- Walker Giroux & Hahne LLC
Mission
Enhancing and advancing educational opportunities of present and future graduates of Ely Memorial High School, to support special projects within the School District 696, and to promote the schools within the Ely area.
Program accomplishments
- PROVIDED CONTRIBUTIONS TO ASSIST IN THE COST OF RUNNING SPORTS TEAMS, ART, SCIENCE, AND INDUSTRIAL ARTS DEPARTMENTS, AND OTHER SCHOOL AND YOUTH RELATED PROJECTS FOR THE BENEFIT OF STUDENTS OF ELY HIGH SCHOOL.Expenses $97,391
- AWARDED SCHOLARSHIPS TO GRADUATING SENIORS OF ELY MEMORIAL HIGH SCHOOL TO FURTHER THEIR EDUCATION.Expenses $37,500
- AMOUNTS CONTRIBUTED FOR ITEMS REQUESTED BY TEACHERS OF ELY MEMORIAL HIGH SCHOOL FOR EDUCATIONAL PURPOSES. ITEMS INCLUDE TEXTBOOKS, SCHOOL SUPPLIES, AND OTHER EDUCATIONAL TOOLS. ALSO OTHER EXPENSES RELATED TO SUPPORT ELY EDUCATIONAL FOUNDATION'S MISSION.Expenses $13,572
- OTHER EXPENSES RELATED TO SUPPORT OF ELY EDUCATIONAL FOUNDATION'S MISSION
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1622190
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,503,620
- Income (IRS master file)
- $1,495,411
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,479,840 | $154,990 | $2,503,620 | XML |
| 990 | June 2024 | $62,905 | $134,664 | $1,104,770 | XML |
| 990 | June 2023 | $114,488 | $144,923 | $1,085,773 | XML |
| 990 | June 2022 | $112,516 | $64,032 | $1,095,539 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
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 41-1622190).
Questions about ELY EDUCATIONAL FOUNDATION INC
- What is the EIN of ELY EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of ELY EDUCATIONAL FOUNDATION INC is 41-1622190.
- Is ELY EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to ELY EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELY EDUCATIONAL 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 EDUCATIONAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELY EDUCATIONAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of ELY EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does ELY EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,479,840, expenses of $154,990 and total assets of $2,503,620 at year end.
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