Eureka Foundation FY2020 filing

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To improve the appearance of the community Demolition of abandoned buildings; Painting and repair of buildings Also provide scholarships to Eureka students, & Duplex Rentals

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2155936) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $8K a year · 13% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
12.6 mo
of spending, in cash
12.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$238K
26% of total assets
Liabilities are 26% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$61K
Spent
$73K
To programs
95%
Net assets
$689K
By yearFY2020–FY2023
Revenue
$61K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$61K
FY2021$64K
FY2022$61K
FY2023$71K
Expenses
$73K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$73K
FY2021$54K
FY2022$52K
FY2023$46K
Net assets
$689K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$689K
FY2021$703K
FY2022$701K
FY2023$725K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $69K Management & general 5% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Eureka Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Cleans up the community by demolishing buildings, making repairs, and offering scholarships and housing.

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3 programs · $66K · in their own filed words · FY2020
01

Rental of Duplexes

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2155936) · Dispute this line
$43Kprogram expense
02

Greenwood Count Long-Term Recovery Committee

Funds spent to help victims of the recent Tornados in area pay for uninsured damages.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2155936) · Dispute this line
$23Kprogram expense
03

Establishment of an Endowment Fund from the trust of an individual with the stipulation that a scholarship fund be established, also to include an annual trade-school fair.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2155936) · Dispute this line
$426program expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Fees for servicesLn 2g$38K
Investment incomeLn 3$17K
Gifts and grantsLn 1h$6K
Money outPt IX
$73K
Ln 25
Programscol B$69K
Managementcol C$3K
Owns and owesPt X
$689K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$926K
LiabilitiesLn 26$238K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$38K
Investment incomeLn 3$17K
Total revenueLn 12$61K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$76K
Loans to officers and key peopleLn 5$235K
Land, buildings, equipmentLn 10c$549K
InvestmentsLn 11–13$66K
Other assetsLn 15$150
Total assetsLn 16$926K
LiabilitiesLn 26$238K
Net assetsLn 32$689K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$426
Share of the $301K endowmentSch D 1g0.14%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$301K$301K$280K$304K$291K
AddedLn 1b$2K
SpentLn 1d–1f$426$2K$2K$2K$2K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$68K$76K
InvestmentsLn 11–13$82K$66K
Land, buildings, equipmentLn 10c$572K$549K
Total assetsLn 16$942K$926K
LiabilitiesLn 26$223K$238K
Net assetsLn 32$719K$689K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Accounting feesLn 11c$1K$0$1K$0
Investment management feesLn 11f$426$426$0$0
Other fees for servicesLn 11g$39$0$39$0
Office expensesLn 13$279$0$279$0
Information technologyLn 14$412$0$412$0
OccupancyLn 16$2K$2K$340$0
InterestLn 20$14K$14K$0$0
Depreciation, depletion and amortizationLn 22$24K$24K$0$0
InsuranceLn 23$5K$4K$750$0
Other expenses (24a–d)Ln 24$24K$23K$132$0
Total functional expensesLn 25$73K$69K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Jul 12, 2024 $71K$46K$25K$725K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $61K$52K$9K$701K 990 PDF
FY2021Filed with the IRS Jul 7, 2022 $64K$54K$10K$703K 990 PDF
FY2020 ViewingFiled with the IRS Sep 13, 2021 $61K$73K−$11K$689K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $61,220 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,716$6,149
I-9 Program service revenuePrior year $26,165$37,582
I-10 Investment incomePrior year $12,257$17,489
I-11 Other revenuePrior year $2,084$0
I-12 Total revenuePrior year $77,222$61,220
I-13 Grants and similar amounts paidPrior year $2,500$2,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,126$70,130
I-18 Total expensesPrior year $90,626$72,630
I-19 Revenue less expensesPrior year −$13,404−$11,410
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $61,220 across 6 lines filed
VIII-1b Membership dues$285
VIII-1f All other contributions, gifts and grants$5,864
VIII-1h Total contributions, gifts and grants$6,149
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $37,582$37,582
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$17,489
VIII-12 Total revenueRelated to mission $17,489 · Unrelated business $0 · Excluded from tax $37,582$61,220
Part IX · Statement of functional expenses $72,630 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,500$2,500
IX-11c Accounting feesPrograms $0 · Management $1,414 · Fundraising $0$1,414
IX-11f Investment management feesPrograms $426 · Management $0 · Fundraising $0$426
IX-11g Other fees for servicesPrograms $0 · Management $39 · Fundraising $0$39
IX-13 Office expensesPrograms $0 · Management $279 · Fundraising $0$279
IX-14 Information technologyPrograms $0 · Management $412 · Fundraising $0$412
IX-16 OccupancyPrograms $1,634 · Management $340 · Fundraising $0$1,974
IX-20 InterestPrograms $13,566 · Management $0 · Fundraising $0$13,566
IX-22 Depreciation, depletion and amortizationPrograms $23,793 · Management $0 · Fundraising $0$23,793
IX-23 InsurancePrograms $3,953 · Management $750 · Fundraising $0$4,703
IX-24 Other expenses (24a–d)Programs $23,392 · Management $132 · Fundraising $0$23,524
IX-25 Total functional expensesPrograms $69,264 · Management $3,366 · Fundraising $0$72,630
Part X · Balance sheet $926,499 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $25,598$58,891
X-2 Savings and temporary cash investmentsStart of year $42,329$17,338
X-5 Loans to officers and key peopleStart of year $219,538$235,303
X-10c Land, buildings and equipment, netStart of year $572,468$548,675
X-11 Publicly traded securitiesStart of year $81,665$66,142
X-15 Other assetsStart of year $150$150
X-16 Total assetsStart of year $941,748$926,499
X-22 Loans from officers and insidersStart of year $219,538$235,303
X-25 Other liabilitiesStart of year $3,100$2,250
X-26 Total liabilitiesStart of year $222,638$237,553
X-29 Capital stock or trust principalStart of year $20,635$16,079
X-30 Paid-in or capital surplusStart of year $10,194$10,194
X-31 Retained earnings or endowmentStart of year $688,281$662,673
X-32 Total net assets or fund balancesStart of year $719,110$688,946
X-33 Total liabilities and net assetsStart of year $941,748$926,499
Part XI · Reconciliation of net assets $688,946 net assets at year end
XI-1 Total revenue$61,220
XI-2 Total expenses$72,630
XI-3 Revenue less expenses−$11,410
XI-4 Net assets at start of year$719,110
XI-5 Net unrealized gains (losses) on investments−$18,754
XI-10 Net assets at end of year$688,946

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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