everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Ely Educational Foundation Inc

Ely, MN / EIN 41-1622190 / Form 990 / latest filing 2024
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
201247,99227,66620,326257.90%
201362,39824,41837,980307.00%
2014453,12169,611383,510180.00%
201575,07653,18121,895233.20%
2016120,81861,62459,194214.30%
201743,95263,787−19,835205.50%
201854,193105,896−51,703115.90%
201993,41371,02022,393172.50%
202074,85678,708−3,852155.10%
202159,55747,92811,629303.90%
2022112,51664,03248,484205.30%
2023114,488144,923−30,43589.90%
202462,905134,664−71,75998.40%

In its most recent public year (2024), this organization spent $71,759 more than it brought in. Its reserves stood at about 98.4 months of spending, down from 257.9 in 2012. Staff pay was 0% of spending. $909,995 of its net assets are donor-restricted.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings

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