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Minnesota · Nonprofit

ELY AREA COMMUNITY FOUNDATION INC

ELY AREA COMMUNITY FOUNDATION INC (Minnesota) receives grants from 4 organizations whose IRS filings report $1,423,957 to it, the largest being GREATER MILWAUKEE FOUNDATION INC ($1,400,000). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly. ELY AREA COMMUNITY FOUNDATION INC administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.

Revenue FY2025
$1.8M
Funders on record
4
Grants received
$1.4M
Net assets
$5.2M
1/4 repeat funders

Hosts funds for others

ELY AREA COMMUNITY FOUNDATION INC administers funds on behalf of other donors. The grants recorded as coming in are contributions into those funds, so they count custody rather than support for a programELY AREA COMMUNITY FOUNDATION INC runs itself. This page therefore states the flows and does not draw the comparisons it would draw for an operating charity: concentration, funder retention, grant dependency and the peer field are all left out, because each of them would read a vehicle as if it were a program.

Paid out

$214k

Recipients

1

Contributions on record

$1.4M

Donors on record

4

Payments out are 0.15x the contributions on record, so the balance accumulates rather than passing straight through.

01The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended.

100 = 20222022 Revenue 100 ($1.4M) Expenses 100 ($34k) Net assets 100 ($1.4M)2023 Revenue 110 ($1.6M) Expenses 294 ($99k) Net assets 204 ($2.9M)2024 Revenue 98 ($1.4M) Expenses 1356 ($457k) Net assets 268 ($3.8M)2025 Revenue 125 ($1.8M) Expenses 1138 ($384k) Net assets 365 ($5.2M)
2022202320242025
Revenue (125)Expenses (1138)Net assets (365)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $1.4M to $2.9M (+104%).

$1.4M
$2.9M
$4.0M
$5.2M
2022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 87% · 2025 2%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.

$1.4M
’22
$1.5M
’23
$926k
’24
$1.4M
’25
52
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Jeff Sundell

Chairperson

As listed on its FY2025 Form 990.

2022202320242025
Listed11121212
Joined·+1+2+0
No longer listed·020
02Who funds it

Who funds it, year by year

2020 → 2023: the base held at 1 funder, grant income rose $5 → $16.

3 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ELY AREA COMMUNITY FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of ELY AREA COMMUNITY FOUNDATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $2k that is directly attributable, 100% of it comes from funders outside Minnesota, across 1 state.

IL

Funder states come from each funder’s own filing. $1.4M arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field
04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

65% of spending goes to programs.

Program 65%Management 17%Fundraising 18%

Governance

12
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

52%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Part of a family of 1 related entity

  • Happy Days Learning Center Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for ELY AREA COMMUNITY FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ELY AREA COMMUNITY FOUNDATION INC?
ELY AREA COMMUNITY FOUNDATION INC (Minnesota) receives grants from 4 organizations whose IRS filings report $1,423,957 to it, the largest being GREATER MILWAUKEE FOUNDATION INC ($1,400,000). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly. ELY AREA COMMUNITY FOUNDATION INC administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.
How many funders does ELY AREA COMMUNITY FOUNDATION INC have?
IRS filings report 4 organizations giving $1,423,957 in grants to ELY AREA COMMUNITY FOUNDATION INC, 1 of which have funded it in more than one year.
Who is the largest funder of ELY AREA COMMUNITY FOUNDATION INC?
GREATER MILWAUKEE FOUNDATION INC is the largest funder on record, with $1,400,000 in grants. The full list of funders is on this page.
How can an organization like ELY AREA COMMUNITY FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing