36
Tofte Lake Center
Arts & Culture · Ely, Minnesota
2209 Fernberg Rd, Ely, MN 55731-8324
EIN: 134359561· Founded: May 2008· 18 years active· Filing Year: 2023
Annual Revenue
$270K
Total Expenses
$355K
Total Assets
$345K
Program Spending
6%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$42K
11.8% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$50K
Total Payroll
$92K
26% of total expenses
Where the Money Goes
6%
Programs: 6%
Payroll: 26%
Other overhead: 94%
Program Revenue$20K (7%)
Total Expenses$355K (100%)
Payroll$92K (26%)
Overhead (non-program)94%
Trust Score Breakdown
Program Spending Ratio
6% of expenses go to programs
Revenue & Stability
$270K annual revenue
Executive Compensation
$42K total officer comp (11.8% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$345K in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.