Civic Intelligence

Ely Health and Hospital Foundation

EIN 41-2001411 • 501(c)3 • Ely, MN

Profile

To provide financial resources to support the mission of ebch in its commitment to care for and enhance the health and wellbeing of the community it serves.

328 W Conan StEly, MN 55731

www.ebch.org/ABOUT-US/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

2nd percentile

-223%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$291,884

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 220.7% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

17th percentile

-14%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

195%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$837,176

Down $138,730 (-14%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$837,176

Down $138,730 (-14%) from 2023

Revenue

Up

$132,278

Up $87,501 (+195%) from 2023

Expenses

Up

$427,235

Up $425,268 (+21620%) from 2023

Net Income

Down

-$294,957

Down $337,767 (-789%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $671,508Liabilities 2011: $4,000Net Assets 2011: $667,5082011Assets 2012: $798,468Liabilities 2012: $0Net Assets 2012: $798,4682012Assets 2013: $881,756Liabilities 2013: $8,349Net Assets 2013: $873,4072013Assets 2014: $960,769Liabilities 2014: $0Net Assets 2014: $960,7692014Assets 2015: $874,769Liabilities 2015: $0Net Assets 2015: $874,7692015Assets 2016: $899,790Liabilities 2016: $0Net Assets 2016: $899,7902016Assets 2017: $876,624Liabilities 2017: $0Net Assets 2017: $876,6242017Assets 2018: $887,345Liabilities 2018: $0Net Assets 2018: $887,3452018Assets 2019: $862,175Liabilities 2019: $0Net Assets 2019: $862,1752019Assets 2020: $848,720Liabilities 2020: $0Net Assets 2020: $848,7202020Assets 2021: $1,006,372Liabilities 2021: $0Net Assets 2021: $1,006,3722021Assets 2022: $862,760Liabilities 2022: $0Net Assets 2022: $862,7602022Assets 2023: $975,906Liabilities 2023: $0Net Assets 2023: $975,9062023Assets 2024: $837,176Liabilities 2024: $0Net Assets 2024: $837,1762024

Highlighted filing

2024

Assets$837,176
Liabilities$0
Net Assets$837,176

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2011: $17,515Expenses 2011: $7,783Net Income 2011: $9,7322011Expenses 2012: $02012Revenue 2013: $73,652Expenses 2013: $6,249Net Income 2013: $67,4032013Revenue 2014: $62,752Expenses 2014: $11,400Net Income 2014: $51,3522014Revenue 2015: $23,539Expenses 2015: $88,963Net Income 2015: -$65,4242015Revenue 2016: $70,342Expenses 2016: $60,410Net Income 2016: $9,9322016Revenue 2017: $61,418Expenses 2017: $97,098Net Income 2017: -$35,6802017Revenue 2018: $66,093Expenses 2018: $38,604Net Income 2018: $27,4892018Revenue 2019: $45,912Expenses 2019: $67,894Net Income 2019: -$21,9822019Revenue 2020: $63,986Expenses 2020: $5,901Net Income 2020: $58,0852020Revenue 2021: $142,517Expenses 2021: $3,253Net Income 2021: $139,2642021Revenue 2022: $39,957Expenses 2022: $1,934Net Income 2022: $38,0232022Revenue 2023: $44,777Expenses 2023: $1,967Net Income 2023: $42,8102023Revenue 2024: $132,278Expenses 2024: $427,235Net Income 2024: -$294,9572024

Highlighted filing

2024

Revenue$132,278
Expenses$427,235
Net Income-$294,957

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.13$0.43$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.04$0.00$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.04$0.00$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.14$0.00$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.06$0.01$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.05$0.07$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.07$0.04$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.06$0.10$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.07$0.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.02$0.09$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.06$0.01$0.05
2013Summary only. Only limited summary data is available for this year.$0.88$0.01$0.87$0.07$0.01$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$0.00
2011Summary only. Only limited summary data is available for this year.$0.67$0.00$0.67$0.02$0.01$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 13, 2025
Return Version
2023v6.0
Gross Receipts
$694,207
Mission and Program Overview

Mission

The ely health and hospital foundation is dedicated to facilitating the enhancement and funding of health and vitality in the ely service area.

To provide financial resources to support the mission of ebch in its commitment to care for and enhance the health and wellbeing of the community it serves.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$812,975$575,348▼ $237,627
Cash and Non-Interest-Bearing Accounts$162,931$261,828▲ $98,897
Total Assets$975,906$837,176▼ $138,730
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$898,406$759,676▼ $138,730
Net Assets With Donor Restrictions$77,500$77,500→ $0
Total Net Assets Fund Balance$975,906$837,176▼ $138,730
Total Liabilities and Net Assets / Fund Balance$975,906$837,176▼ $138,730

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$77,500-▲ $56-$77,500
2022$77,500-▲ $9-$77,500
2021$77,500-▲ $2-$77,500
2020$77,500-▲ $462-$77,500
2019$77,500-▲ $1,594-$77,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Devon LuthensPresident
Tim RileyVice President
John SawDirector
Mary Ann SmithDirector
Riana HegmanDirector
Rob WilmunenDirector
Stephen Peterson SrDirector
Jo LanganDirector Until 12/31/23
Patti BanksCEO
Barb SoderbergSecretary
Kelly KlunSecretary Until 12/31/23
Todd HeimanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$98,294
Program Service Revenue
$0
Investment Income
$33,984
Other Revenue
$0
All Other Contributions
$98,294
Change in Net Assets
$-294,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$132,278
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$153,991
Total Revenue per Audited Statements
$286,269
Total Revenue per Form 990
$132,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$425,000
Other Expenses$2,235
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$425,000--$425,000
Fees for Service Investment Mgmnt Fees-$2,235-$2,235
Total Functional Expenses$425,000$2,235$0$427,235

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$427,235
Expenses per Audited Statements$425,000
Total Expenses per Audited Statements$425,000
Expenses Not Reported on Financial Statements$2,235
Other Expense Adjustments$2,235
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ely-bloomenson Community HospitalEly, MN501(c)(3)Purchase of a House to Implement Childcare and Promote Employee Retention.$425,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

People in the community can become a member of ely health and hospital foundation by paying a $100 membership fee.

Form 990, Part VI, Section A, Line 7A

The foundation is managed by a board of directors who are elected by the members of the foundation at the annual meeting.

Form 990, Part VI, Section A, Line 7B

There are certain issues that must be approved by all members, such as by-law changes and transfers of substantial amounts of assets. All members have voting rights.

Form 990, Part VI, Section A, Line 8B

No committee exists with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The 990 will be reviewed by the foundation's cfo and submitted to the board of directors for approval. The 990 will be available to members upon request.

Form 990, Part VI, Section B, Line 12C

Ely health & hospital foundation will utilize a conflict of interest policy so that the members of the board of directors can easily recognize and declare a conflict of interest. Declaration of conflict of interest - each director of the ely health & hospital foundation is expected to declare a conflict of interest as soon as the director is aware of such a conflict. Once a conflict of interest has been declared, the board of directors shall follow the procedure outlined in the procedure paragraph of this policy. Determination of conflict of interest - any officer or member of the board of directors of ely health & hospital foundation who believes that a board member has a conflict of interest shall state to the board of directors the basis for such belief. If the person believed to have the conflict of interest does not agree that such a conflict exists, such person shall be given an opportunity to respond. If it is not agreed that a conflict does exist then the board of directors shall vote to determine whether or not such conflict exists. Any director who is entitled to vote may request that the vote be by closed ballot and upon such request the chairperson shall declare the vote by closed ballot. A simple majority of the members present and voting shall be sufficient to establish that a conflict of interest does exist. Procedure upon determination of conflict - once a conflict of interest has been declared or determined by the board, the interested person or persons shall be excused from the meeting until such time as a vote has been taken by the board in regard to the issue with which the interested member has a conflict. Once a conflict of interest has been declared or determined, the interested member shall not participate in any discussion in regard to the subject matter and may only respond to questions directed to him/her by any one or more of the directors. The interested director shall not be counted in the quorum and shall abstain from voting. The statement regarding the conflict of interest must be entered into the minutes. Once a director or officer has declared or been determined to have a conflict of interest, such conflict shall be deemed to continue until the final vote has been taken by the board of directors in regard to the subject matter in which such director has conflict.

Form 990, Part VI, Section C, Line 19

Financial statements, conflict of interest policy, and governing documents are available upon request for the same period of disclousure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Ely Health and Hospital Foundation
EIN
41-2001411
Phone
2183653271
Address
328 W CONAN ST, ELY, MN 55731

Signing Officer

Name
Timothy Balthazor
Title
CFO
Phone
2183653271
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patti Banks
Formed
2000
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
11

Preparer

Firm
Rsm US Llp
Address
227 WEST FIRST STREET SUITE 700, DULUTH, MN 55802
Preparer
Julie Boyer
Phone
2187275025
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Restricted by donors for endowment fund: donor contributions to the endowment fund are restricted to investments in perpetuity, the income from which is expendable to support the purpose of the fund. Restricted by donors for specific purposes: these funds are restricted by donors for library expenses.

PART X, LINE 2:

The financial accounting standards board (fasb) issued guidance on accounting for uncertainty in income taxes. Management evaluated the foundation's tax positions and concluded the organization has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the guidance. Generally, the organization is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2021.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Investment expense -2,235.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment expense 2,235.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR UNTIL 12/31/23
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY UNTIL 12/31/23
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0569334
IRS990/GrossReceiptsAmt0694207
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt026579
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026579
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0812975
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0575348
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0561929
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL RESOURCES TO SUPPORT THE MISSION OF EBCH IN ITS COMMITMENT TO CARE FOR AND ENHANCE THE HEALTH AND WELLBEING OF THE COMMUNITY IT SERVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0975906
IRS990/NetAssetsOrFundBalancesEOYAmt0837176
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07405
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07405
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0156226
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0898406
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0759676
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PATTI BANKS
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt025823
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018954
IRS990/PYOtherExpensesAmt01967
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt042810
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01967
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt044777
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-294957
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0410808719
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0425000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ELY-BLOOMENSON COMMUNITY HOSPITAL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0425000
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt056
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt077500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt077500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt056
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt077500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt077500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt02
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt077500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt077500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0462
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt077500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt077500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0462
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01594
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt077500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt077500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01594
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02235
IRS990ScheduleD/ExpensesSubtotalAmt0425000
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0156226
IRS990ScheduleD/OtherExpensesNotIncludedAmt02235
IRS990ScheduleD/OtherRevenueAmt0-2235
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0153991
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0132278
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RESTRICTED BY DONORS FOR ENDOWMENT FUND: DONOR CONTRIBUTIONS TO THE ENDOWMENT FUND ARE RESTRICTED TO INVESTMENTS IN PERPETUITY, THE INCOME FROM WHICH IS EXPENDABLE TO SUPPORT THE PURPOSE OF THE FUND. RESTRICTED BY DONORS FOR SPECIFIC PURPOSES: THESE FUNDS ARE RESTRICTED BY DONORS FOR LIBRARY EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE GUIDANCE. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT EXPENSE -2,235.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3INVESTMENT EXPENSE 2,235.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0427235
IRS990ScheduleD/TotalRevenuePerForm990Amt0132278
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286269
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0425000
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0425000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PURCHASE OF A HOUSE TO IMPLEMENT CHILDCARE AND PROMOTE EMPLOYEE RETENTION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ELY-BLOOMENSON COMMUNITY HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientEIN0410808719
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0328 WEST CONAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ELY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055731
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS ARE PAID DIRECTLY TO U.S. GRANT RECIPIENTS. THERE IS NO FURTHER MONITORING OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0248553
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010255
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt032947
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0129
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATTI BANKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0291884
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ELY HEALTH AND HOSPITAL FOUNDATION DOES NOT COMPENSATE ANY EMPLOYEES. THE CEO IS COMPENSATED BY THE ELY-BLOOMENSON COMMUNITY HOSPITAL, A RELATED ORGANIZATION. THE COMPENSATION IS ESTABLISHED USING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVERY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PEOPLE IN THE COMMUNITY CAN BECOME A MEMBER OF ELY HEALTH AND HOSPITAL FOUNDATION BY PAYING A $100 MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS MANAGED BY A BOARD OF DIRECTORS WHO ARE ELECTED BY THE MEMBERS OF THE FOUNDATION AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE CERTAIN ISSUES THAT MUST BE APPROVED BY ALL MEMBERS, SUCH AS BY-LAW CHANGES AND TRANSFERS OF SUBSTANTIAL AMOUNTS OF ASSETS. ALL MEMBERS HAVE VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMMITTEE EXISTS WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 WILL BE REVIEWED BY THE FOUNDATION'S CFO AND SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE 990 WILL BE AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ELY HEALTH & HOSPITAL FOUNDATION WILL UTILIZE A CONFLICT OF INTEREST POLICY SO THAT THE MEMBERS OF THE BOARD OF DIRECTORS CAN EASILY RECOGNIZE AND DECLARE A CONFLICT OF INTEREST. DECLARATION OF CONFLICT OF INTEREST - EACH DIRECTOR OF THE ELY HEALTH & HOSPITAL FOUNDATION IS EXPECTED TO DECLARE A CONFLICT OF INTEREST AS SOON AS THE DIRECTOR IS AWARE OF SUCH A CONFLICT. ONCE A CONFLICT OF INTEREST HAS BEEN DECLARED, THE BOARD OF DIRECTORS SHALL FOLLOW THE PROCEDURE OUTLINED IN THE PROCEDURE PARAGRAPH OF THIS POLICY. DETERMINATION OF CONFLICT OF INTEREST - ANY OFFICER OR MEMBER OF THE BOARD OF DIRECTORS OF ELY HEALTH & HOSPITAL FOUNDATION WHO BELIEVES THAT A BOARD MEMBER HAS A CONFLICT OF INTEREST SHALL STATE TO THE BOARD OF DIRECTORS THE BASIS FOR SUCH BELIEF. IF THE PERSON BELIEVED TO HAVE THE CONFLICT OF INTEREST DOES NOT AGREE THAT SUCH A CONFLICT EXISTS, SUCH PERSON SHALL BE GIVEN AN OPPORTUNITY TO RESPOND. IF IT IS NOT AGREED THAT A CONFLICT DOES EXIST THEN THE BOARD OF DIRECTORS SHALL VOTE TO DETERMINE WHETHER OR NOT SUCH CONFLICT EXISTS. ANY DIRECTOR WHO IS ENTITLED TO VOTE MAY REQUEST THAT THE VOTE BE BY CLOSED BALLOT AND UPON SUCH REQUEST THE CHAIRPERSON SHALL DECLARE THE VOTE BY CLOSED BALLOT. A SIMPLE MAJORITY OF THE MEMBERS PRESENT AND VOTING SHALL BE SUFFICIENT TO ESTABLISH THAT A CONFLICT OF INTEREST DOES EXIST. PROCEDURE UPON DETERMINATION OF CONFLICT - ONCE A CONFLICT OF INTEREST HAS BEEN DECLARED OR DETERMINED BY THE BOARD, THE INTERESTED PERSON OR PERSONS SHALL BE EXCUSED FROM THE MEETING UNTIL SUCH TIME AS A VOTE HAS BEEN TAKEN BY THE BOARD IN REGARD TO THE ISSUE WITH WHICH THE INTERESTED MEMBER HAS A CONFLICT. ONCE A CONFLICT OF INTEREST HAS BEEN DECLARED OR DETERMINED, THE INTERESTED MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION IN REGARD TO THE SUBJECT MATTER AND MAY ONLY RESPOND TO QUESTIONS DIRECTED TO HIM/HER BY ANY ONE OR MORE OF THE DIRECTORS. THE INTERESTED DIRECTOR SHALL NOT BE COUNTED IN THE QUORUM AND SHALL ABSTAIN FROM VOTING. THE STATEMENT REGARDING THE CONFLICT OF INTEREST MUST BE ENTERED INTO THE MINUTES. ONCE A DIRECTOR OR OFFICER HAS DECLARED OR BEEN DETERMINED TO HAVE A CONFLICT OF INTEREST, SUCH CONFLICT SHALL BE DEEMED TO CONTINUE UNTIL THE FINAL VOTE HAS BEEN TAKEN BY THE BOARD OF DIRECTORS IN REGARD TO THE SUBJECT MATTER IN WHICH SUCH DIRECTOR HAS CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOUSURE AS SET FORTH IN SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

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