Ely Area Community Foundation Inc
TO ENHANCE COMMUNITY DEVELOPMENT AND QUALITY OF LIFE IN THE ELY, MN AND SURROUNDING COMMUNITIES BY ESTABLISHING PROGRAMS AND FACILITIES THAT IMPROVE THE WELL-BEING OF OUR CITIZENS AND THROUGH THE DISTRIBUTION OF BOARD DESIGNATED GRANTS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
+37.5% YoY
Annual Giving
$197K
Grant Count
1
Avg Grant Size
$197K
About Ely Area Community Foundation Inc
Based on IRS filings
Ely Area Community Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ELY, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 1 grants totaling $197K. Net investment income was $59K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,989,873 | $2,901,901 | $1,420,426 |
| Revenue | $1,382,905 | $1,552,126 | $1,406,565 |
| Expenses | $457,080 | $99,210 | $33,702 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $59,372 | $24,775 | $1,560 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATTI BANKS | BOARD | 1 | — |
| JOSEPH BIANCO | BOARD | 1 | — |
| ANITA LANCELLO BYDLON | BOARD | 1 | — |
| HEATHER FITZGERALD | BOARD | 1 | — |
| ALLISON HEIMAN | BOARD | 1 | — |
| TODD HEIMAN | TREASURER | 2 | — |
| JULIE HIGNELL | BOARD | 1 | — |
| PAUL KNUTI | BOARD | 1 | — |
| DAVID MARSHALL | VICE CHAIR | 1 | — |
| HEIDI OMERZA | BOARD | 1 | — |
| KURT SODERBERG | SECRETARY | 1 | — |
| JEFF SUNDELL | CHAIRPERSON | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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Assets
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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