Civic Intelligence

Ely Chamber of Commerce

990 • Fiscal year 2017 • EIN 41-0237425

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 05, 2017

1600 East Sheridan StreetEly, MN 55731

(218) 365-6123

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.06x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.06x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

50th percentile

3.6%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$60,360

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

43rd percentile

2.6%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

2.4%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$621,615

Up $15,587 (+2.6%) from 2016

Net Assets

Up

$583,217

Up $15,946 (+2.8%) from 2016

Liabilities

Down

$38,398

Down $359 (-0.9%) from 2016

Revenue

Up

$616,801

Up $14,578 (+2.4%) from 2016

Expenses

Up

$594,597

Up $61,191 (+11%) from 2016

Net Income

Down

$22,204

Down $46,613 (-68%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2012: $484,512Liabilities 2012: $2,393Net Assets 2012: $482,1192012Assets 2013: $511,389Liabilities 2013: $2,589Net Assets 2013: $508,8002013Assets 2014: $492,772Liabilities 2014: $2,778Net Assets 2014: $489,9942014Assets 2015: $534,171Liabilities 2015: $20,673Net Assets 2015: $513,4982015Assets 2016: $606,028Liabilities 2016: $38,757Net Assets 2016: $567,2712016Assets 2017: $621,615Liabilities 2017: $38,398Net Assets 2017: $583,2172017Assets 2018: $563,759Liabilities 2018: $50,067Net Assets 2018: $513,6922018Assets 2019: $608,176Liabilities 2019: $24,569Net Assets 2019: $583,6072019Assets 2020: $389,897Liabilities 2020: $10,855Net Assets 2020: $379,0422020Assets 2021: $481,381Liabilities 2021: $64,814Net Assets 2021: $416,5672021Assets 2022: $405,474Liabilities 2022: $57,711Net Assets 2022: $347,7632022Assets 2023: $318,794Liabilities 2023: $132,857Net Assets 2023: $185,9372023Assets 2024: $214,282Liabilities 2024: $118,388Net Assets 2024: $95,8942024Assets 2025: $185,572Liabilities 2025: $129,126Net Assets 2025: $56,4462025

Highlighted filing

2017

Assets$621,615
Liabilities$38,398
Net Assets$583,217

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $629,1192012Revenue 2013: $526,251Expenses 2013: $542,207Net Income 2013: -$15,9562013Revenue 2014: $562,707Expenses 2014: $642,378Net Income 2014: -$79,6712014Revenue 2015: $625,592Expenses 2015: $592,127Net Income 2015: $33,4652015Revenue 2016: $602,223Expenses 2016: $533,406Net Income 2016: $68,8172016Revenue 2017: $616,801Expenses 2017: $594,597Net Income 2017: $22,2042017Revenue 2018: $606,767Expenses 2018: $695,680Net Income 2018: -$88,9132018Revenue 2019: $580,157Expenses 2019: $510,242Net Income 2019: $69,9152019Revenue 2020: $566,893Expenses 2020: $765,070Net Income 2020: -$198,1772020Revenue 2021: $156,448Expenses 2021: $200,492Net Income 2021: -$44,0442021Revenue 2022: $237,179Expenses 2022: $305,983Net Income 2022: -$68,8042022Revenue 2023: $194,126Expenses 2023: $343,010Net Income 2023: -$148,8842023Revenue 2024: $224,560Expenses 2024: $315,202Net Income 2024: -$90,6422024Revenue 2025: $237,425Expenses 2025: $294,876Net Income 2025: -$57,4512025

Highlighted filing

2017

Revenue$616,801
Expenses$594,597
Net Income$22,204
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 5, 2017
Return Version
2016v3.0
Gross Receipts
$703,468
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
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$490,741$522,060▲ $31,319
Cash and Non-Interest-Bearing Accounts$88,711$77,224▼ $11,487
Land, Buildings, and Equipment, Net$26,576$22,331▼ $4,245
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$606,028$621,615▲ $15,587
Other Assets Total-$0-
Liabilities
Deferred Revenue$35,666$35,418▼ $248
Accounts Payable and Accrued Expenses$3,091$2,980▼ $111
Total Liabilities$38,757$38,398▼ $359
Net Assets / Fund Balance
Unrestricted Net Assets$567,271$583,217▲ $15,946
Total Net Assets Fund Balance$567,271$583,217▲ $15,946
Total Liabilities and Net Assets / Fund Balance$606,028$621,615▲ $15,587

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$11,651$37,751$49,402
Equipment$7,864$28,230$36,094
Other Land Buildings$765$7,409$8,174
Buildings$2,051$5,312$7,363
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cherie SonsallaExecutive DirectorFT$60,360$60,360

Board Members and Trustees

NameTitle
John MillsPresident
Brian ForsbergVice President
Jay PoshakDirector
Lori WestrickDirector
Dafne Caruso2nd Vice Pres
Cindy BeansSecretary
Dave SebestaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Owl Communications LLCMarketing3830 ABBOTT AVE S, Minneapolis, MN 55410-
Revenue and Support

Revenue Composition

Contributions and Grants
$54,749
Program Service Revenue
$538,037
Investment Income
$55,031
Other Revenue
$-31,016
Change in Net Assets
$22,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$479,909
Salaries, Compensation, and Employee Benefits$114,688
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$376,872
Current Officers, Directors, Trustees, and Key Employees---$60,360
Other Salaries and Wages---$43,471
Office Expenses---$32,234
Payroll Taxes---$8,234
Occupancy---$7,071
Insurance---$4,248
Depreciation Depletion---$4,245
Fees for Services Other---$4,000
Pension Plan Contributions---$2,623
Fees for Services Accounting---$1,650
Other Expenses---$1,255
Travel---$982
Total Functional Expenses$0$0$0$594,597
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$86,667
Fundraising Gross Income$37,501
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ely Marathon$62,054$35,654$59,331$-23,677
Great American Canoe Festival$7,597$1,847$20,347$-18,500
Total Events$69,651$37,501$86,667$-49,166
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
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

Filer Name
Ely Chamber of Commerce
EIN
41-0237425
Phone
2183656123
Address
1600 East Sheridan Street, Ely, MN 55731

Signing Officer

Name
Brian Forsberg
Title
President
Signed
2017-09-05
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
50

Preparer

Firm
Walker Giroux & Hahne Ltd
Address
225 1st Street N Suite 2400, Virginia, MN 55792
Preparer
Kaija Giroux
Phone
2187494880
Raw XML AppendixShowing 400 of 432 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03091
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02980
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To promote tourism with economic, civil, and social welfare of the people of the Ely area as a goal.
IRS990/AdvertisingGrp/TotalAmt0376872
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Cherie Sonsalla
IRS990/BooksInCareOfDetail/PhoneNum02183656123
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01600 East Sheridan Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055731
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt088711
IRS990/CashNonInterestBearingGrp/EOYAmt077224
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt060360
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt03830 ABBOTT AVE S
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MINNEAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055410
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0OWL COMMUNICATIONS LLC
IRS990/ContractorCompensationGrp/ServicesDesc0MARKETING
IRS990/ContriRptFundraisingEventAmt032150
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt054749
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt055031
IRS990/CYOtherExpensesAmt0479909
IRS990/CYOtherRevenueAmt0-31016
IRS990/CYProgramServiceRevenueAmt0538037
IRS990/CYRevenuesLessExpensesAmt022204
IRS990/CYSalariesCompEmpBnftPaidAmt0114688
IRS990/CYTotalExpensesAmt0594597
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0616801
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt035666
IRS990/DeferredRevenueGrp/EOYAmt035418
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt04245
IRS990/Desc0Annual brochures inform individuals about Ely's attractions and accomodations. Approximately 50,000 were distributed during the year.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt01650
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt04000
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0LORI WESTRICK
IRS990/Form990PartVIISectionAGrp/PersonNm1JAY POSHAK
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVE SEBESTA
IRS990/Form990PartVIISectionAGrp/PersonNm3CINDY BEANS
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN FORSBERG
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN MILLS
IRS990/Form990PartVIISectionAGrp/PersonNm6DAFNE CARUSO
IRS990/Form990PartVIISectionAGrp/PersonNm7Cherie Sonsalla
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt760360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt62ND VICE PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt7Executive Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt032150
IRS990/FundraisingDirectExpensesAmt086667
IRS990/FundraisingGrossIncomeAmt037501
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt022599
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0703468
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt04248
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt055031
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055031
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt078702
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026576
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022331
IRS990/LandBldgEquipCostOrOtherBssAmt0101033
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote tourism with economic, civil, and social welfare of the people of the Ely area as a goal.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0567271
IRS990/NetAssetsOrFundBalancesEOYAmt0583217
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-30666
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-49166
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-3660
IRS990/NetUnrlzdGainsLossesInvstAmt0-6258
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt07071
IRS990/OfficeExpensesGrp/TotalAmt032234
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Festivals
IRS990/OtherExpensesGrp/Desc1Gift Certificates
IRS990/OtherExpensesGrp/Desc2Other Events
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt030939
IRS990/OtherExpensesGrp/TotalAmt113214
IRS990/OtherExpensesGrp/TotalAmt23199
IRS990/OtherExpensesGrp/TotalAmt31255
IRS990/OtherRevenueMiscGrp/Desc0Internet Link
IRS990/OtherRevenueMiscGrp/Desc1Prospect List Sales
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13150
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt015000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt13150
IRS990/OtherRevenueTotalAmt018150
IRS990/OtherSalariesAndWagesGrp/TotalAmt043471
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt08234
IRS990/PensionPlanContributionsGrp/TotalAmt02623
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Advertising income
IRS990/ProgramServiceRevenueGrp/Desc1Festivals
IRS990/ProgramServiceRevenueGrp/Desc2LODGING TAX
IRS990/ProgramServiceRevenueGrp/Desc3Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc4Seminars & Misc Projects
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt085344
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1287961
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt284826
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324906
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt185344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2287961
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt384826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt424906
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt055000
IRS990/ProgSrvcAccomActy2Grp/Desc0Two separtate festivals are held on an annual basis and are open to the public. Approximately 45,000 attendees this past year.
IRS990/ProgSrvcAccomActy3Grp/Desc0Services are provided to the Organization's 300 members and numerous community residents, with the primary service being advertising to promote the area.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt057630
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt020181
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0419799
IRS990/PYOtherRevenueAmt0-39566
IRS990/PYProgramServiceRevenueAmt0563978
IRS990/PYRevenuesLessExpensesAmt068817
IRS990/PYSalariesCompEmpBnftPaidAmt0113607
IRS990/PYTotalExpensesAmt0533406
IRS990/PYTotalRevenueAmt0602223
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt022204
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0490741
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0522060
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02051
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05312
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07363
IRS990ScheduleD/EquipmentGrp/BookValueAmt07864
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028230
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036094
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011651
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037751
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049402
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0765
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07409
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08174
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022331
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt032150
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt026400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt086667
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06989
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06989
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Ely Marathon
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Great American Canoe Festival
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt062054
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069651
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035654
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01847
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037501
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-49166
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt079678
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt059331
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt020347
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVE 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/ExplanationTxt1NOMINATING 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/ExplanationTxt2See above (line 7a).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Continual review of any conflicts, or potential conflicts, are addressed by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board of directors reviewed and documented similar salary ranges prior to hiring new executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0606028
IRS990/TotalAssetsEOYAmt0621615
IRS990/TotalAssetsGrp/BOYAmt0606028
IRS990/TotalAssetsGrp/EOYAmt0621615
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054749
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0594597
IRS990/TotalGrossUBIAmt073150
IRS990/TotalLiabilitiesBOYAmt038757
IRS990/TotalLiabilitiesEOYAmt038398
IRS990/TotalLiabilitiesGrp/BOYAmt038757
IRS990/TotalLiabilitiesGrp/EOYAmt038398
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0567271
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0583217
IRS990/TotalProgramServiceRevenueAmt0538037
IRS990/TotalReportableCompFromOrgAmt060360
IRS990/TotalRevenueGrp/ExclusionAmt024365
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0483037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0616801
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt073150
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0606028
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0621615
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0982
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.29$0.56$2.37$2.95$0.57
2024Detailed filing. Detailed filing data is available for this year.$2.14$1.18$0.96$2.25$3.15$0.91
2023Detailed filing. Detailed filing data is available for this year.$3.19$1.33$1.86$1.94$3.43$1.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.58$3.48$2.37$3.06$0.69
2021Detailed filing. Detailed filing data is available for this year.$4.81$0.65$4.17$1.56$2.00$0.44
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.11$3.79$5.67$7.65$1.98
2019Detailed filing. Detailed filing data is available for this year.$6.08$0.25$5.84$5.80$5.10$0.70
2018Detailed filing. Detailed filing data is available for this year.$5.64$0.50$5.14$6.07$6.96$0.89
2017Detailed filing. Detailed filing data is available for this year.$6.22$0.38$5.83$6.17$5.95$0.22
2016Detailed filing. Detailed filing data is available for this year.$6.06$0.39$5.67$6.02$5.33$0.69
2015Detailed filing. Detailed filing data is available for this year.$5.34$0.21$5.13$6.26$5.92$0.33
2014Detailed filing. Detailed filing data is available for this year.$4.93$0.03$4.90$5.63$6.42$0.80
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.03$5.09$5.26$5.42$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$0.02$4.82$6.29