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
Among its reported 2024 grants, the largest include Happy Days Learning Center ($196,963).
| Recipient | Purpose | Amount |
|---|---|---|
| HAPPY DAYS LEARNING CENTER ELY, MN | PROGRAMING & SUPPORT | $196,963 |
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
Frequently Asked Questions
What is Ely Area Community Foundation Inc?
Ely Area Community Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ELY, MN. It holds $4.0M in total assets as of 2024.
How large is Ely Area Community Foundation Inc?
As of 2024, Ely Area Community Foundation Inc holds $4.0M in total assets with $1.4M in annual revenue. It awarded 1 grants totaling $197K in 2024.
Where does Ely Area Community Foundation Inc operate?
Ely Area Community Foundation Inc has awarded grants in Minnesota.
What size grants does Ely Area Community Foundation Inc award?
In 2024, Ely Area Community Foundation Inc awarded 1 grants totaling $197K — an average of about $197K per grant, based on its IRS Form 990 filings.
What is Ely Area Community Foundation Inc's EIN?
Ely Area Community Foundation Inc's EIN (Employer Identification Number) is 06-1770182. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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