Totals
- Total revenue
- $266,346
- Total expenses
- $233,671
- Contributions and grants received
- $176,324
- Grants paid
- $0
- Program service revenue
- $73,330
- Investment income
- $0
- Other revenue
- $16,692
- Total assets, end of year
- $189,167
- Total liabilities, end of year
- $20,399
- Net assets or fund balances, end of year
- $168,768
- Program services expenses (Part IX)
- $151,162
- Management and general expenses
- $82,509
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $151,162
Program services were 64.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$4,930
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$171,394
-
1g · Noncash contributions included above
$1,001
-
2a · Program service revenue: Fine Arts Schools
total $73,330 · related or exempt $0 · unrelated business $0 · excluded $0
-
2b · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$4,930
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$23,688
-
10b · Cost of goods sold
$6,996
-
10c · Net income from sales of inventory
total $16,692 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $87,558 · program services $87,558 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $27,290 · program services $0 · management and general $27,290 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $4,259 · program services $0 · management and general $4,259 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $5,614 · program services $0 · management and general $5,614 · fundraising $0
-
12 · Advertising and promotion
total $4,589 · program services $0 · management and general $4,589 · fundraising $0
-
13 · Office expenses
total $5,580 · program services $0 · management and general $5,580 · fundraising $0
-
14 · Information technology
total $4,732 · program services $0 · management and general $4,732 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $19,723 · program services $0 · management and general $19,723 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,495 · program services $0 · management and general $1,495 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,485 · program services $0 · management and general $1,485 · fundraising $0
-
23 · Insurance
total $2,931 · program services $0 · management and general $2,931 · fundraising $0
-
24a · Other expenses: Program Instructor/Materials
total $55,319 · program services $55,319 · management and general $0 · fundraising $0
-
24b · Other expenses: Consignment Expense
total $8,285 · program services $8,285 · management and general $0 · fundraising $0
-
24c · Other expenses: Financial Processing Fees
total $4,811 · program services $0 · management and general $4,811 · fundraising $0
-
24d · Other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $142,993 · end of year $169,855
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $11,350 · end of year $13,218
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$22,020
-
10b · Land, buildings and equipment: accumulated depreciation
$15,926
-
10c · Land, buildings and equipment, net
beginning of year $3,744 · end of year $6,094
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $21,683 · end of year $20,399
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $136,404 · end of year $168,768
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
Building community by providing learning experiences that celebrate the wilderness heritage art history culture and craft of the people of northern Minnesota.
Activities or mission (Part I)
Mission Statement: Building community by providing learning experiences that celebrate the wilderness heritage art history culture and craft of the people of northern Minnesota.
-
Ely Folk School classes build community by providing learning experiences that celebrate the wilderness heritage art history culture and craft of the people of northern Minnesota. Students of all ages learn relevant skill and craft from talented and passionate instructor artisans. The Ely Folk School offered 1,052 hours of programming in 2024.
Expenses $101,518 · Grants $40,000 · Revenue $61,835
-
Ely Folk School hosts many community events each month. From the Thanksgiving Potluck to the Spring Bonfire to weekly artist open studios - EFS community events create a sense of belonging. These events encourage well-being connection and further the EFS mission of building community.
Expenses $19,240 · Grants $5,000 · Revenue $7,375
-
The Ely Folk School Mercantile offers artwork and resources for sale in a prime location in Elys downtown area for local and tourist shoppers alike. The Mercantile offers Ely Folk School instructor artisans primarily local artists the chance to consign their artwork and students a space to locally purchase tools resources and materials to continue the craft journey they started at the Folk School. The Mercantile serves as a conversation starter for curious passerby and serious students alike.
Expenses $17,055 · Revenue $23,688
-
The Ely Folk School Ceramics Studio is a community pottery studio. It was created to provide the space and equipment to allow clay artists and potters of all levels to explore their creativity and work in a supportive environment. Memberships include full studio access and firing options. The six electric wheels slab roller glaze station and glazes tools and more are available 24 7 to all studio members. Firing members have access to glazing tools and glazes. Our studio manager manages the firing of the kiln.
Expenses $6,709 · Revenue $7,584
-
Kids Makers Morning is a program of the Ely Folk School that gives young children a healthy expressive learning experience through the summer. Respect and knowledge grow in relational skills arts and local flora. Kids Makers Morning forges community and connection to place through craft and to offer opportunities to foster creative spirit through exploring new hands-on skills materials and hobbies. Some youth activities from previous years were adapted to the more classic folk school class model and included in the Ely Folk School classes program for 2024.
Expenses $6,640 · Grants $2,500 · Revenue $270
As filed on the 2024 return.
Listed in Part VII
-
Lacey Squier
Chairperson
- Total calculated
- $0
- Hours/week
- 5
-
Chris Clemens
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Johnnie Hyde
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Ozzie Reif
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Rick Anderson
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Sarah Paro
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Lucy Soderstrom
Executive Director
- Total calculated
- $55,800
- From this org
- $55,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nick Dunnom
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Rosa Oesterreich
Board Member
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501199349300615
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