Civic Intelligence

Ely Educational Foundation Inc.

990 • Fiscal year 2015 • EIN 41-1622190

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 05, 2015

Organization ProfileN/A
PO Box 373Ely, MN 55731

(218) 349-2919

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

42nd percentile

-1.0%

Faster asset growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-83%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$1,033,384

Down $10,567 (-1.0%) from 2014

Net Assets

Down

$1,033,384

Down $10,567 (-1.0%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin85th percentile

Revenue

Down

$75,076

Down $378,045 (-83%) from 2014

Expenses

Down

$53,181

Down $16,430 (-24%) from 2014

Net Income

Down

$21,895

Down $361,615 (-94%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $594,674Liabilities 2012: $0Net Assets 2012: $594,6742012Assets 2013: $624,667Liabilities 2013: $0Net Assets 2013: $624,6672013Assets 2014: $1,043,951Liabilities 2014: $0Net Assets 2014: $1,043,9512014Assets 2015: $1,033,384Liabilities 2015: $0Net Assets 2015: $1,033,3842015Assets 2016: $1,100,650Liabilities 2016: $0Net Assets 2016: $1,100,6502016Assets 2017: $1,092,329Liabilities 2017: $0Net Assets 2017: $1,092,3292017Assets 2018: $1,023,207Liabilities 2018: $0Net Assets 2018: $1,023,2072018Assets 2019: $1,020,795Liabilities 2019: $0Net Assets 2019: $1,020,7952019Assets 2020: $1,020,267Liabilities 2020: $2,709Net Assets 2020: $1,017,5582020Assets 2021: $1,213,856Liabilities 2021: $0Net Assets 2021: $1,213,8562021Assets 2022: $1,095,539Liabilities 2022: $0Net Assets 2022: $1,095,5392022Assets 2023: $1,085,773Liabilities 2023: $0Net Assets 2023: $1,085,7732023Assets 2024: $1,104,770Liabilities 2024: $0Net Assets 2024: $1,104,7702024Assets 2025: $2,503,620Liabilities 2025: $0Net Assets 2025: $2,503,6202025

Highlighted filing

2015

Assets$1,033,384
Liabilities$0
Net Assets$1,033,384
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $47,992Expenses 2012: $27,666Net Income 2012: $20,3262012Revenue 2013: $62,398Expenses 2013: $24,418Net Income 2013: $37,9802013Revenue 2014: $453,121Expenses 2014: $69,611Net Income 2014: $383,5102014Revenue 2015: $75,076Expenses 2015: $53,181Net Income 2015: $21,8952015Revenue 2016: $120,818Expenses 2016: $61,624Net Income 2016: $59,1942016Revenue 2017: $43,952Expenses 2017: $63,787Net Income 2017: -$19,8352017Revenue 2018: $54,193Expenses 2018: $105,896Net Income 2018: -$51,7032018Revenue 2019: $93,413Expenses 2019: $71,020Net Income 2019: $22,3932019Revenue 2020: $74,856Expenses 2020: $78,708Net Income 2020: -$3,8522020Revenue 2021: $59,557Expenses 2021: $47,928Net Income 2021: $11,6292021Revenue 2022: $112,516Expenses 2022: $64,032Net Income 2022: $48,4842022Revenue 2023: $114,488Expenses 2023: $144,923Net Income 2023: -$30,4352023Revenue 2024: $62,905Expenses 2024: $134,664Net Income 2024: -$71,7592024Revenue 2025: $1,479,840Expenses 2025: $154,990Net Income 2025: $1,324,8502025

Highlighted filing

2015

Revenue$75,076
Expenses$53,181
Net Income$21,895
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 5, 2015
Return Version
2014v5.0
Gross Receipts
$75,076
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$390,878$506,606▲ $115,728
Savings and Temporary Cash Investments$48$100▲ $52
Cash and Non-Interest-Bearing Accounts-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,043,951$1,033,384▼ $10,567
Other Assets Total$653,025$526,678▼ $126,347
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$700,786$804,301▲ $103,515
Unrestricted Net Assets$323,165$209,083▼ $114,082
Permanently Rstr Net Assets$20,000$20,000→ $0
Total Net Assets Fund Balance$1,043,951$1,033,384▼ $10,567
Total Liabilities and Net Assets / Fund Balance$1,043,951$1,033,384▼ $10,567
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Darlene NemanichPresident
Robert Latourell JrVice President
Cheri DebeltzDirector
Geraldine KoschakDirector
Phyliss OlsonDirector
Ronald OmerzaDirector
Ann JohnsonSecretary
Sue TedrickTreasurer
Virginia IvancichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,312
Program Service Revenue
$0
Investment Income
$37,764
Other Revenue
$0
All Other Contributions
$37,312
Change in Net Assets
$21,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,553
Other Expenses$1,628
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$43,053--$43,053
Grants to Domestic Individuals$8,500--$8,500
Fees for Services Accounting-$1,020-$1,020
Office Expenses-$287-$287
Advertising-$263-$263
Other Expenses-$58-$58
Total Functional Expenses$51,553$1,628$0$53,181
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Isd 696Ely, MN-Auditorium$24,642
Isd 696Ely, MN-Teachers Wish List$17,824
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 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
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Treasurer reviews 990 prior to signing and filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Ely Educational Foundation Inc
EIN
41-1622190
Address
PO BOX 373, ELY, MN 55731

Signing Officer

Name
Sue Tedrick
Title
Treasurer
Signed
2015-10-05
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
12

Preparer

Firm
Walker Giroux & Hahne Ltd
Address
225 1st Street N Suite 2400, Virginia, MN 55792
Preparer
William Paulson
Phone
2187494880
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: planted and maintained a flower garden at the ely memorial high school.”

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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/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt048
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt031131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt035988
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt027366
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt044382
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0176179
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031384
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt026847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025655
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022827
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0144477
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54210
IRS990ScheduleA/PublicSupportPY170Pct00.54870
IRS990ScheduleA/PublicSupportTotal170Amt0174102
IRS990ScheduleA/SubstantialContributorsTotAmt02077
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt037312
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0176179
IRS990ScheduleA/TotalSupportAmt0321156
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0526678
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt08500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/RecipientTable/CashGrantAmt017824
IRS990ScheduleI/RecipientTable/CashGrantAmt124642
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TEACHERS WISH LIST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1AUDITORIUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ISD 696
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ISD 696
IRS990ScheduleI/RecipientTable/RecipientEIN0416003753
IRS990ScheduleI/RecipientTable/RecipientEIN1416003753
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 E HARVEY ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1600 E HARVEY ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Ely
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Ely
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: PLANTED AND MAINTAINED A FLOWER GARDEN AT THE ELY MEMORIAL HIGH SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Treasurer reviews 990 prior to signing and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon reasonable request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01628
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IRS990/TotalFunctionalExpensesGrp/TotalAmt053181
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceExpensesAmt051553
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt037764
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt075076
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01043951
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01033384
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0323165
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0209083
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUE TEDRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELY EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ELYE
ReturnHeader/Filer/EIN0411622190

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,033,384
Liabilities
$0
Net assets
$1,033,384
Revenue
$75,076
Expenses
$53,181
Net income
$21,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$1.48$0.15$1.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.06$0.13$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$0.11$0.14$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.11$0.06$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$0.06$0.05$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.07$0.08$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.09$0.07$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.05$0.11$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.04$0.06$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.12$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.08$0.05$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$0.45$0.07$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$0.06$0.02$0.04
2012Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$0.05$0.03$0.02