Ely Events Group

Nonprofit profile at a glance

EIN
931898726
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Ely, MN, USA
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Society Benefit N.E.C.

Reported finances

Revenue
$50,596
Expenses
$41,121
Assets
$62,598

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Casey Velcheff (President)
  • Robert Wilmunen (Vice President)

People named in this filing

  • Casey Velcheff (President)
  • Robert Wilmunen (Vice President)
  • Mary Ann Lekatz (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ely Events Group worked in conjunction with the City of Ely executing the annual very large 4th of July parade. EEG has spearheaded the donation solicitation from area businesses to cover costs associate with running the parade such as: parade entrant fees advertising garbage and toilet facilities and prize monies. In 2025 Ely Events Group executed a Rock The Park event with 3 bands performing food trucks and family and kid fun with inflatables scavenger hunt and other fun activities. All combined for a huge celebration within the City of Ely over the 4th of July weekend.

What it reported doing in 2025

In 2025 the Ely Events Group organized the City of Elys 4th of July Celebration. The highlight of the festivities was the vibrant 4th of July Parade boasting over 100 entries and attracting an estimated audience of over 10,000 spectators lining the 12-block parade route. The Ely Events group also helps the Young Life group with the 4th of July Carnival in Whiteside park after the parade with many inflatables and games for family fun. As part of the 4th of July activities the Ely Events Group hosted a Rock the Park Music event at Whiteside Park serving as inclusive and enjoyable gatherings for local residents and visiting tourists. The music event provided a lively atmosphere for participants to connect reminisce and celebrate the towns rich history and impact on the community. The Rock the Park Music Event is a family friendly event with inflatables for the kids scavenger hunt sawdust pile watermelon feed and many food trucks along with 3 bands to sing and dance along to.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 82
  • Sustainability: 57
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.6%; rating input score 43
  • Program expense ratio: 51.4%; rating input score 51

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 18.7%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -126.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -85% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 16.4% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 42.6% of revenue deployed · 51.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.