Eureka Schools Foundation EIN 68-0280171 Form 990 (PDF) Claim this org

Eureka Schools Foundation FY2023 filing

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Funds enrichment programs for over 3500 K-8 students. For fiscal year 2023 it reported $546K in revenue, $453K in expenses, and $1.5M in net assets.Pt I

Founded
1992
Type
Public charity (501(c)(3)) · Education
Location
Granite Bay, CA
Website
www.eurekaschoolsfoundation.org
Filings
5 on file (2020–2023)
Revenue
$546KFY2023
Expenses
$453K
Net assets
$1.5M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  68-0280171 Public charity (501(c)(3)) Granite Bay, CA Founded 1992
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds enrichment programs for over 3500 K-8 students.
Leadership
Trici Jones · Board Member
Money in and out
$546K revenue, $453K expenses
Bottom line
95% program efficiency
Where the money goes · FY2023
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$453K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $92K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
17.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$546K
FY2023▲ +34%
Expenses
$453K
FY2023▲ +13%
Total assets
$1.5M
FY2023▲ +13%
Total liabilities
$0
FY2023
Total revenue
$546K
Pt VIII · Ln 12
Total expenses
$453K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$92K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEureka Schools Foundation
EINHdr · item D68-0280171
Principal addressHdr · item CGranite Bay, CA
Year of formationHdr · item L1992
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFApr 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
VP of Governance and Internal
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $432K of program spending, described in the organization's own filed words · FY2022.
01

Funds given to public school district to pay for enrichment programs benefiting 3500+ students in grades kidergarten through 8TH grade

$432Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$471K · 86%
Program service revenue$75K · 14%
Contributions & grants86%$471K
Program service revenue14%$75K
Investment income$34
Total revenueLn 12$546K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$432K
Management & general5%$22K
Total functional expensesLn 25$453K

Balance Sheet

Part X · end of year
CashLn 1$577K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.5M
Months of cash on handcomputed15.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $577K · Operating expenses (Pt IX) $453K · Less non-cash grants $46K · Cash operating expenses/yr $407K
17.0 months
Where the money goes
Program services
Program services $432K · Total expenses $453K
95%
Management & General
Management & general $22K · Total expenses $453K
5%
Fundraising
Fundraising $0 · Total expenses $453K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $353K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $471K · Total revenue $546K
86%
Government reliance
Government grants — · Total revenue $546K
Earned-income share
Program service revenue $75K · Total revenue $546K
14%
Investment reliance
Investment income $34 · Total revenue $546K
<0.01%
Program self-sufficiency
Program service revenue $75K · Total expenses $453K
16%
Growth & trend
Revenue growth (YoY)
This year $546K · Prior year $406K
+34%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $546K · Expenses $453K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Trici Jones · Reported title Board Member · Highest reported compensation $0 · Total expenses $453K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $453K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 34%
Investment management fee ratio 0.6%
Legal fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 5 grants · $1.8M · 2019–2024
Eureka Union School DistrictFY2024$317,500
Eureka Union School DistrictFY2023$422,506
Eureka Union School DistrictFY2022$283,395
Eureka Union School DistrictFY2021$255,263
Eureka Union School DistrictFY2019$492,503

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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
FY2024$458K revenue · ⤓ 990 PDF
FY2023$546K revenue · viewing · ⤓ 990 PDF
FY2022$406K revenue · ⤓ 990 PDF
FY2021$561K revenue · ⤓ 990 PDF
FY2020$380K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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