Eureka Foundation EIN 41-2155936 Form 990 (PDF) Claim this org

Eureka Foundation FY2022 filing

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Cleans up the community by demolishing buildings, making repairs, and offering scholarships and housing. For fiscal year 2022 it reported $61K in revenue, $52K in expenses, and $701K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Eureka, KS
Filings
4 on file (2020–2022)
Revenue
$61KFY2022
Expenses
$52K
Net assets
$701K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  41-2155936 Public charity (501(c)(3)) Eureka, KS
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →
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Size
<$100K
What they do
Cleans up the community by demolishing buildings, making repairs, and offering scholarships and housing.
Leadership
Isaac Boone · President
Money in and out
$61K revenue, $52K expenses
Bottom line
96% program efficiency
Where the money goes · FY2022
Total revenue
$61K
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$701K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
43.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$61K
FY2022▼ -4%
Expenses
$52K
FY2022▼ -3%
Total assets
$937K
FY2022▲ +1%
Total liabilities
$236K
FY2022▲ +5%
Total revenue
$61K
Pt VIII · Ln 12
Total expenses
$52K
Pt IX · Ln 25
Net assets
$701K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$937K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $49K of program spending, described in the organization's own filed words · FY2022.
01

Rental of Duplexes

$48Kprogram expense
02

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.

$1Kprogram expense
03

Greenwood Count Long-Term Recovery Committee

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

$146program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEureka Foundation
EINHdr · item D41-2155936
Principal addressHdr · item CEureka, KS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJul 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

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Statement of Revenue

Part VIII
Program service revenue$42K · 69%
Investment income$16K · 26%
Contributions & grants$3K · 5%
Program service revenue69%$42K
Investment income26%$16K
Contributions & grants5%$3K
Total revenueLn 12$61K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$50K
Management & general4%$2K
Total functional expensesLn 25$52K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$937K
Total liabilitiesLn 26$236K
Total net assetsLn 32$701K
Months of cash on handcomputed28.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $191K · Operating expenses/yr $52K
43.9 months
Where the money goes
Program services
Program services $50K · Total expenses $52K
96%
Management & General
Management & general $2K · Total expenses $52K
4%
Fundraising
Fundraising $0 · Total expenses $52K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $6K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $61K
5%
Government reliance
Government grants — · Total revenue $61K
Earned-income share
Program service revenue $42K · Total revenue $61K
69%
Investment reliance
Investment income $16K · Total revenue $61K
+26%
Program self-sufficiency
Program service revenue $42K · Total expenses $52K
81%
Growth & trend
Revenue growth (YoY)
This year $61K · Prior year $64K
-4%
Net-asset trend (YoY)
End of year $701K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $61K · Expenses $52K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $937K
Net-asset ratio
Net assets $701K · Total assets $937K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $68K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $937K
7%
People & payroll
Highest Reported Total Compensation
Individual Isaac Boone · Reported title President · Highest reported compensation $0 · Total expenses $52K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $52K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -4%
Investment management fee ratio 0.05%
Legal fee ratio 0.3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$71K revenue · ⤓ 990 PDF
FY2022$61K revenue · viewing · ⤓ 990 PDF
FY2021$64K revenue · ⤓ 990 PDF
FY2020$61K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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