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ELY AREA COMMUNITY FOUNDATION INC

ELY AREA COMMUNITY FOUNDATION INC

Ely, MN, US
501(c)3
EIN
06-1770182
Community Foundation
Regional Funder
funder logo

ELY AREA COMMUNITY FOUNDATION INC

Ely, MN, US
501(c)3
EIN
06-1770182
Community Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$3,989,873

Property, Plant, & Equipment (net)
83%
Investments
12%
Cash & Equivalents
3%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$183,647

Payables & Accruals
98%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,702,312
$119,471
-93%
Receivables (Non-Related)
-
$66,818
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$9,101
-
Investments
-
$468,842
-
Property, Plant, & Equipment (net)
$1,167,055
$3,325,641
+185%
Other Assets
$32,534
-
-
Total Assets
$2,901,901
$3,989,873
+37%
Liabilities
2023
2024
Change
Payables & Accruals
-
$180,528
-
Grants Payable
-
-
-
Deferred Revenue
-
$3,119
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$0
$183,647
-
Net assets
2023
2024
Change
Restricted Net Assets
$36,830
-
-
Unrestricted Net Assets
$2,865,071
$3,806,226
+33%
Net assets
2023
2024
Change
Net assets
+$2,901,901
+$3,806,226
+31%
Balance Sheet
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