Charles L Sommers Alumni Association Inc
Only null% goes to programs Strong reserves Declining revenue
Charles L Sommers Alumni Association Inc is a 501(c)(3) organization based in Ely, Minnesota, registered in 1992, with $103,054 in FY2024 revenue. CharityIndex grades it B.
Po Box 428, Ely, MN, 55731 EIN 41-1713633 Since 1992
Revenue (FY2024)
$103K
▼ 8.2% vs prior year
Education median: $200K
Expenses (FY2024)
$60K
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Charles L Sommers Alumni Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating211 mo reserves · +42% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Charles L Sommers Alumni Association Inc: 211 mo reserves · +42% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Charles L Sommers Alumni Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Charles L Sommers Alumni Association Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 428, Ely, MN, 55731
- City
- Ely
- State
- Minnesota
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue declined from $215K (FY2016) to $103K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.1M
Operating margin
41.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $103,054▼8.2% | $59,990▲40.4% | $1,055,363▲12.8% | $1,055,363▲12.8% | 990 |
| 2023 | $112,309▼16.9% | $42,729▼25.3% | $935,268▲17.6% | $935,268▲17.6% | 990 |
| 2022 | $135,214▲0.3% | $57,216▲6.8% | $795,344▼1.7% | $795,344▼1.7% | 990 |
| 2021 | $134,764▼2.3% | $53,559▲2.8% | $809,494▲20.5% | $809,494▲20.5% | 990 |
| 2020 | $137,896▲5.5% | $52,120▲38.4% | $671,726▲14.6% | $671,726▲14.6% | 990 |
| 2019 | $130,745▲126% | $37,660▼36.0% | $585,950▲18.9% | $585,950▲18.9% | 990 |
| 2018 | $57,843▼58.4% | $58,815▲43.3% | $492,865▼0.2% | $492,865▼0.2% | 990EZ |
| 2017 | $139,113▼35.4% | $41,047▼83.1% | $493,837▲24.8% | $493,837▲24.8% | 990EZ |
| 2016 | $215,306 | $243,366 | $395,771 | $395,771 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Charles L Sommers Alumni Association Inc a legitimate nonprofit?
- Yes. Charles L Sommers Alumni Association Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1713633, based in Ely, Minnesota. Donations are tax-deductible.
- What is Charles L Sommers Alumni Association Inc's EIN?
- Charles L Sommers Alumni Association Inc's Employer Identification Number (EIN) is 41-1713633.
- How much revenue does Charles L Sommers Alumni Association Inc report?
- Charles L Sommers Alumni Association Inc reported $103,054 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Charles L Sommers Alumni Association Inc have?
- CharityIndex grades Charles L Sommers Alumni Association Inc B, based on financial health (reserves and operating margin).
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Data for Charles L Sommers Alumni Association Inc (EIN 41-1713633) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.