Ely Educational Foundation Inc

Organization Overview

Ely Educational Foundation Inc is located in Ely, MN. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ely Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Ely Educational Foundation Inc generated $114.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $144.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ely Educational Foundation Inc has awarded 22 individual grants totaling $368,615. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED CONTRIBUTIONS TO ASSIST IN THE COST OF RUNNING SPORTS TEAMS, ART, SCIENCE, AND INDUSTRIAL ARTS DEPARTMENTS, AND OTHER SCHOOL AND YOUTH RELATED PROJECTS FOR THE BENEFIT OF STUDENTS OF ELY HIGH SCHOOL.


AWARDED 16 SCHOLARSHIPS TO GRADUATING SENIORS OF ELY MEMORIAL HIGH SCHOOL TO FURTHER THEIR EDUCATION.


AMOUNTS CONTRIBUTED FOR ITEMS REQUESTED BY TEACHERS OF ELY MEMORIAL HIGH SCHOOL FOR EDUCATIONAL PURPOSES. ITEMS INCLUDE TEXTBOOKS, SCHOOL SUPPLIES, AND OTHER EDUCATIONAL TOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Darlene Nemanich
Director
$0
Michael Heiman
Director
$0
Janet Durham
Director
$0
Derek Johnson
Secretary
$0
Ryan Anderson
Vice President
$0
Pam Turnbull
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$66,641
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$66,641
Total Program Service Revenue$0
Investment income $33,415
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,432
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $114,488

Grants Awarded

Over the last fiscal year, Ely Educational Foundation Inc has awarded $104,523 in support to 5 organizations.

Grant RecipientAmount

ISD 696

PURPOSE: BAND INSTRUMENTS

$20,400

ISD 696

PURPOSE: BAND/CHOIR MEDIA CENTER, MAKER SPAC

$60,000

ISD 696

PURPOSE: SHOT CLOCKS

$6,623

ISD 696

PURPOSE: SPANISH PROGRAM

$12,000

ISD 696

PURPOSE: WEIGHTROOM

$5,500
View Grant Profile

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