Civic Intelligence

Ely Educational Foundation Inc.

990 • Fiscal year 2022 • EIN 41-1622190

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 14, 2023

Organization ProfileN/A
PO Box 373Ely, MN 55731

(218) 343-3610

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

20th percentile

-9.7%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

89%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,095,539

Down $118,317 (-9.7%) from 2021

Net Assets

Down

$1,095,539

Down $118,317 (-9.7%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin87th percentile

Revenue

Up

$112,516

Up $52,959 (+89%) from 2021

Expenses

Up

$64,032

Up $16,104 (+34%) from 2021

Net Income

Up

$48,484

Up $36,855 (+317%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2022

Assets$1,095,539
Liabilities$0
Net Assets$1,095,539
Open 2022 Filing

Operations Trend

Revenue Growth89th 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

2022

Revenue$112,516
Expenses$64,032
Net Income$48,484
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 14, 2023
Return Version
2021v4.1
Gross Receipts
$141,975
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$1,166,466$933,661▼ $232,805
Investments Other Securities$22,040$18,992▼ $3,048
Savings and Temporary Cash Investments$4,818$4,647▼ $171
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 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$1,213,856$1,095,539▼ $118,317
Other Assets Total$20,532$138,239▲ $117,707
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,017,758$940,657▼ $77,101
Net Assets Without Donor Restrictions$196,098$154,882▼ $41,216
Total Net Assets Fund Balance$1,213,856$1,095,539▼ $118,317
Total Liabilities and Net Assets / Fund Balance$1,213,856$1,095,539▼ $118,317
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Robert Latourell JrPresident
Ryan AndersonVice President
Darlene NemanichDirector
Diana PetrichDirector
Geraldine KoschakDirector
Phyliss OlsonDirector
Derek JohnsonSecretary
Ann JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,920
Program Service Revenue
$0
Investment Income
$55,596
Other Revenue
$0
All Other Contributions
$56,920
Change in Net Assets
$48,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$56,600
Other Expenses$7,432
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$34,500--$34,500
Grants to Domestic Orgs$22,100--$22,100
Fees for Service Investment Mgmnt Fees-$5,501-$5,501
Fees for Services Accounting-$1,610-$1,610
Office Expenses-$281-$281
Advertising-$40-$40
Total Functional Expenses$56,600$7,432$0$64,032
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Isd 696Ely, MN-Spanish Program$14,000
Isd 696Ely, MN-Early Childhood Classroom$6,000
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 35% controlled entity
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
Phone
2183433610
Address
PO BOX 373, ELY, MN 55731

Signing Officer

Name
Ann Johnson
Title
Treasurer
Signed
2023-02-14
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Walker Giroux & Hahne LLC
Address
225 1st Street N Suite 2400, Virginia, MN 55792
Preparer
Kaija Giroux
Phone
2187494880
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt04818
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt056920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt034035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt034134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt023081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt019776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0167946
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051055
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025522
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039229
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt052178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032476
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0200460
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39920
IRS990ScheduleA/PublicSupportPY170Pct00.33540
IRS990ScheduleA/PublicSupportTotal170Amt0147050
IRS990ScheduleA/SubstantialContributorsTotAmt020896
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt056920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt034035
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt023081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt019776
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0167946
IRS990ScheduleA/TotalSupportAmt0368406
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/TotalBookValueOtherAssetsAmt0138239
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt034500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/CashGrantAmt114000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EARLY CHILDHOOD CLASSROOM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SPANISH PROGRAM
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
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055731
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155731
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Treasurer reviews 990 prior to signing and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon reasonable request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01213856
IRS990/TotalAssetsEOYAmt01095539
IRS990/TotalAssetsGrp/BOYAmt01213856
IRS990/TotalAssetsGrp/EOYAmt01095539
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt056920
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07432
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056600
IRS990/TotalFunctionalExpensesGrp/TotalAmt064032
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01213856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01095539
IRS990/TotalProgramServiceExpensesAmt056600
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt051055
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04541
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112516
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01213856
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01095539
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 373
IRS990/USAddress/CityNm0ELY
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0557310373
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANN JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELY EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ELYE
ReturnHeader/Filer/EIN0411622190
ReturnHeader/Filer/PhoneNum02183433610
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 373
ReturnHeader/Filer/USAddress/CityNm0ELY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055731

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,095,539
Liabilities
$0
Net assets
$1,095,539
Revenue
$112,516
Expenses
$64,032
Net income
$48,484
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
2022Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits