Liabilities / Assets
26th percentile
Higher debt load relative to assets than 26% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
26th percentile
Higher debt load relative to revenue than 26% of similar nonprofits.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 5.7% of source-year revenue.
Asset Growth
27th percentile
Faster asset growth than 27% of similar nonprofits.
Revenue Growth
59th percentile
Faster revenue growth than 59% of similar nonprofits.
Balance Sheet
Assets
Down$492,772
Down $18,617 (-3.6%) from 2013
Net Assets
Down$489,994
Down $18,806 (-3.7%) from 2013
Liabilities
Up$2,778
Up $189 (+7.3%) from 2013
Revenue And Expenses
Revenue
Up$562,707
Up $36,456 (+6.9%) from 2013
Expenses
Up$642,378
Up $100,171 (+18%) from 2013
Net Income
Down-$79,671
Down $63,715 (-399%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- Sep 29, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $562,707
Mission and Program Overview
Mission
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.
To promote tourism with economic, civil, and social welfare of the people of the Ely area as a goal.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $462,722 | $450,569 | ▼ $12,153 |
| Land, Buildings, and Equipment, Net | $31,744 | $30,862 | ▼ $882 |
| Cash and Non-Interest-Bearing Accounts | $16,542 | $9,925 | ▼ $6,617 |
| Prepaid Expenses and Deferred Charges | $381 | $1,416 | ▲ $1,035 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $511,389 | $492,772 | ▼ $18,617 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $2,589 | $2,778 | ▲ $189 |
| Total Liabilities | $2,589 | $2,778 | ▲ $189 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $508,800 | $489,994 | ▼ $18,806 |
| Total Net Assets Fund Balance | $508,800 | $489,994 | ▼ $18,806 |
| Total Liabilities and Net Assets / Fund Balance | $511,389 | $492,772 | ▼ $18,617 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $19,727 | $29,675 | $49,402 |
| Equipment | $6,364 | $23,880 | $30,244 |
| Other Land Buildings | $765 | $7,409 | $8,174 |
| Buildings | $4,006 | $3,357 | $7,363 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Cherie Sonsalla | Executive Director | FT | $31,875 | $31,875 |
| Linda Fryer | Administrative Director | FT | $28,167 | $28,167 |
Board Members and Trustees
| Name | Title |
|---|---|
| Chris Eilrich | President/Treas |
| Cathy Mondati | Board Member |
| Kerry Davis | Board Member |
| Ginny Nelson | 1st VP |
| Jason Zabokrtsky | 2nd VP |
| Wendy Lindsay | Secretary |
| Lori Schulze | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Giraffe LLC | Marketing | - | $174,375 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,989
- Program Service Revenue
- $522,267
- Investment Income
- $12,501
- Other Revenue
- $23,950
- Change in Net Assets
- $-79,671
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $529,567 |
| Salaries, Compensation, and Employee Benefits | $112,811 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Advertising | - | - | - | $406,240 |
| Other Salaries and Wages | - | - | - | $57,618 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $45,000 |
| Office Expenses | - | - | - | $20,456 |
| Other Expenses | - | - | - | $19,720 |
| Payroll Taxes | - | - | - | $7,999 |
| Occupancy | - | - | - | $6,676 |
| Depreciation Depletion | - | - | - | $6,035 |
| Insurance | - | - | - | $4,083 |
| Pension Plan Contributions | - | - | - | $2,194 |
| Fees for Services Accounting | - | - | - | $2,050 |
| Travel | - | - | - | $898 |
| Total Functional Expenses | $0 | $0 | $0 | $642,378 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
“ACTIVE MEMBERSHIP: Any person, natural or legal, who in doing business for profit in the trade area of Ely, Minnesota 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 active membership in this corporation.SPONSORING MEMBERSHIP: Any person, natural or legal, who shall submit to the purpose and support the activities to this corporation shall be eligible for sponsoring memberships in this corporation. Sponsoring membership includes non-profit businesses, clubs, organizations, and for-profit businesses that do not have a physical location in Ely but sell goods and services to the Ely area. 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 privileges, 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”
Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body
“NOMINATING COMMITTEE: The Board shall appoint to serve as a Nominating Committee two (2) board Members whose terms of office are not currently expiring, and three (3) active members of the corporation not serving on its Board of Directors. It shall be the duty of such Committee to recommend and present to the Board a slate of nominees as candidates for election to the Board of Directors to fill the vacancies occurring thereon by expiration of terms. Such Committee shall name not less than one (1) nominee for each such occurring vacancy.BALLOTS: The ballots shall be officially approved by the Board of Directors. Blank spaces for write -in candidates must equal the number of nominations for each category. The ballots shall be mailed out by the Secretary of the current Board at least 10 days prior to the election. A return self-address envelop shall be included with each ballot. The return address shall be an impartial agency or auditor to tally such ballots and shall over his signature disclose to the Board the results hereof and such results shall be made known by the Board by proper report.DIRECTORS: Each Director shall be elected by a majority of the votes cast by the Active Members, in their category, except as otherwise provided under Article 3 of these By-Laws. In the event of any tie vote occurring where balloting has been conducted by mail, the remaining members of the Board of Directors shall cast their ballots until such tie is broken and the vacancy filled.”
Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders
“See above (line 7a).”
Form 990, Part VI, Line 11B: Form 990 Review Process
“No review was or will be conducted.”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“Continual review of any conflicts, or potential conflicts, are addressed by the board.”
Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management
“Board of directors reviewed and documented similar salary ranges prior to hiring new executive director.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“AVAILABLE UPON REQUEST.”
Filing and Contact Details
Filer
- EIN
- 41-0237425
- Phone
- 2183656123
Signing Officer
- Name
- Chris Eilrich
- Title
- President/Treas
- Signed
- 2014-09-29
- Discuss with paid preparer
- Yes
Organization Details
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 8
- Volunteers
- 50
Preparer
- Preparer
- William Paulson
- Phone
- 2187494880
Raw XML AppendixShowing 400 of 407 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 0 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 0 | 55410 |
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| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | MARKETING |
| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
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| IRS990/CYOtherRevenueAmt | 0 | 23950 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -79671 |
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| IRS990/CYTotalRevenueAmt | 0 | 562707 |
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| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 6035 |
| IRS990/Desc | 0 | Annual brochures inform individuals about Ely's attractions and accomodations. Approximately 50,000 were distributed during the year. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExcessBusinessHoldingsInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2050 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CATHY MONDATI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHRIS EILRICH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | GINNY NELSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | LINDA FRYER |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | President/Treas |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | 1st VP |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | ADMINISTRATIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Executive Director |
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| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
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| IRS990/GrantsToOrganizationsInd | 0 | false |
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| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
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| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 12501 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 30862 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 95183 |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | false |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | To promote tourism with economic, civil, and social welfare of the people of the Ely area as a goal. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 489994 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -17026 |
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| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 20456 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Printing and Publications |
| IRS990/OtherExpensesGrp/Desc | 1 | Festivals |
| IRS990/OtherExpensesGrp/Desc | 2 | Postage and Shipping |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 36070 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 27339 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 19720 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Coop Advertising |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | Internet Link |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | Prospect List Sales |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 19000 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 4950 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 19000 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 4950 |
| IRS990/OtherRevenueTotalAmt | 0 | 23950 |
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| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 7999 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 2194 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1416 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Advertising income |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Festivals |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | LODGING TAX |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | Membership Dues & Assessments |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | Seminars & Misc Projects |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 83535 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 86490 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 27569 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 65365 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Two separtate festivals are held on an annual basis and are open to the public. Approximately 45,000 attendees this past year. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Services are provided to the Organization's 300 members and numerous community residents, with the primary service being advertising to promote the area. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 9895 |
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| IRS990/PYOtherRevenueAmt | 0 | 17313 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 493040 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -15956 |
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| IRS990/PYTotalExpensesAmt | 0 | 542207 |
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| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 450569 |
| IRS990/ScheduleBRequiredInd | 0 | false |
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| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 30244 |
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| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 29675 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 49402 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 765 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 7409 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 8174 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 30862 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACTIVE MEMBERSHIP: Any person, natural or legal, who in doing business for profit in the trade area of Ely, Minnesota 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 active membership in this corporation.SPONSORING MEMBERSHIP: Any person, natural or legal, who shall submit to the purpose and support the activities to this corporation shall be eligible for sponsoring memberships in this corporation. Sponsoring membership includes non-profit businesses, clubs, organizations, and for-profit businesses that do not have a physical location in Ely but sell goods and services to the Ely area. 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 privileges, 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NOMINATING COMMITTEE: The Board shall appoint to serve as a Nominating Committee two (2) board Members whose terms of office are not currently expiring, and three (3) active members of the corporation not serving on its Board of Directors. It shall be the duty of such Committee to recommend and present to the Board a slate of nominees as candidates for election to the Board of Directors to fill the vacancies occurring thereon by expiration of terms. Such Committee shall name not less than one (1) nominee for each such occurring vacancy.BALLOTS: The ballots shall be officially approved by the Board of Directors. Blank spaces for write -in candidates must equal the number of nominations for each category. The ballots shall be mailed out by the Secretary of the current Board at least 10 days prior to the election. A return self-address envelop shall be included with each ballot. The return address shall be an impartial agency or auditor to tally such ballots and shall over his signature disclose to the Board the results hereof and such results shall be made known by the Board by proper report.DIRECTORS: Each Director shall be elected by a majority of the votes cast by the Active Members, in their category, except as otherwise provided under Article 3 of these By-Laws. In the event of any tie vote occurring where balloting has been conducted by mail, the remaining members of the Board of Directors shall cast their ballots until such tie is broken and the vacancy filled. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | See above (line 7a). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Continual review of any conflicts, or potential conflicts, are addressed by the board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Board of directors reviewed and documented similar salary ranges prior to hiring new executive director. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 492772 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 511389 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 492772 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 8 |
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| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
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| IRS990/TotalGrossUBIAmt | 0 | 89315 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 2589 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 2778 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 2589 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 2778 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 508800 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 489994 |
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| IRS990/TotalVolunteersCnt | 0 | 50 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 492772 |
| IRS990/TransactionWithControlEntInd | 0 | false |
| IRS990/TravelGrp/TotalAmt | 0 | 898 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 508800 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 489994 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | www.ely.org |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHRIS EILRICH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President/Treas |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-09-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | ELY CHAMBER OF COMMERCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ELYC |
| ReturnHeader/Filer/EIN | 0 | 410237425 |
| ReturnHeader/Filer/PhoneNum | 0 | 2183656123 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 1600 East Sheridan Street |
| ReturnHeader/Filer/USAddress/City | 0 | Ely |
| ReturnHeader/Filer/USAddress/State | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 55731 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | Walker Giroux & Hahne Ltd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 225 1st Street N Suite 2400 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | Virginia |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 55792 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $492,772
- Liabilities
- $2,778
- Net assets
- $489,994
- Revenue
- $562,707
- Expenses
- $642,378
- Net income
- -$79,671