Eureka College
- Assets
- $56.9m
- Revenue
- $15.1m
- Investments
- $5.2m
- Employees
- 335
- Location
- Eureka, IL
- Founding
- 09/1947
- Data as of
- 06/2022
- EIN
- 37-0673484
Organization Overview
Eureka College is located in Eureka, IL. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Eureka College employed 335 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eureka College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Eureka College generated $15.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $15.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EUREKA STUDENTS TAKE COURSES IN THE COLLEGE'S FOUR ACADEMIC DIVISIONS: ARTS AND EDUCATION, HUMANITIES, SCIENCE AND MATHEMATICS, AND SOCIAL SCIENCE AND BUSINESS. THE EUREKA COMMUNITY IS ONE THAT ENCOURAGES ITS MEMBERS INVOLVEMENT AND INTERACTION THROUGH SUCH ACTIVITIES AS MUSIC, THEATRE, STUDENT GOVERNMENT, AND ATHLETICS. AT THE CENTER OF THE EUREKA EXPERIENCE IS THE DEVELOPMENT OF VALUES THAT WILL HELP ITS GRADUATES CONTRIBUTE TO SOCIETY IN ROLES OF LEADERSHIP AND SERVICE.THE GOALS OF THE EUREKA COLLEGE CURRICULUM ARE PUBLISHED IN THE EUREKA COLLEGE CATALOG. THE COLLEGE UNDERSTANDS THAT THE TRUE PURPOSE OF EDUCATION IS TO REALIZE THE POTENTIAL OF THE WHOLE PERSON. ACCORDINGLY, OUR GOALS, ABBREVIATED BELOW, ARE TO FOSTER THE DEVELOPMENT OF:- THE INTELLECT- COMMUNICATION SKILLS- AESTHETIC AND CULTURAL AWARENESS- AN UNDERSTANDING OF THE NATURAL ENVIRONMENT- PHYSICAL FITNESS, ALERTNESS, AND VITALITY- COMPETENCE IN AT LEAST ONE ACADEMIC OR PROFESSIONAL FIELD- GREATER SOCIAL AWARENESS- GREATER SENSE OF PERSONAL RESPONSIBILITY- PERSONAL VALUES- WAYS TO USE KNOWLEDGE IN LEADERSHIP AND SERVICEIN 2021-2022, THE COLLEGE SAW NEW STUDENT ENROLLMENT OF 189, WITH A TOTAL ENROLLMENT OF 476 STUDENTS. THE COLLEGE ALSO REPORTS A 12:1 STUDENT-FACULTY RATIO AND A 2.89 GPA ON A 4.0 SCALE FOR ALL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamel Santa Cruze Wright President | OfficerTrustee | 40 | $233,711 |
Ann Fulop Provost | 40 | $135,052 | |
Josem Diaz VP Of Advancement | 40 | $126,284 | |
Craig Maynard VP Finance & Facilities/cf | Officer | 40 | $123,700 |
Harry A Williams Vice Chairman | OfficerTrustee | 1 | $0 |
Marylean Abney Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Services Contracted Food Services | 6/29/22 | $1,043,650 |
Maloney Service & Supply Company Contracted Custodial Services | 6/29/22 | $280,225 |
Apogee Contracted It Services | 6/29/22 | $534,746 |
University Of Illinois At Urbana-champai Covid-19 Testing | 6/29/22 | $210,343 |
Mbs Direct Llc Textbook Retailer | 6/29/22 | $248,261 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,350 |
| Related organizations | $0 |
| Government grants | $2,066,259 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,036,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,117,566 |
| Total Program Service Revenue | $7,933,080 |
| Investment income | $638,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,041 |
| Net Gain/Loss on Asset Sales | $981,117 |
| Net Income from Fundraising Events | -$3,562 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $432,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,083,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $862,475 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,757 |
| Compensation of current officers, directors, key employees. | $66,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,363,846 |
| Pension plan accruals and contributions | $100,527 |
| Other employee benefits | $565,684 |
| Payroll taxes | $387,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $196,632 |
| Fees for services: Accounting | $72,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,928 |
| Advertising and promotion | $284,683 |
| Office expenses | $218,477 |
| Information technology | $83,236 |
| Royalties | $0 |
| Occupancy | $1,550,845 |
| Travel | $229,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $352,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,095 |
| Insurance | $215,898 |
| All other expenses | $476,611 |
| Total functional expenses | $15,406,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,399 |
| Savings and temporary cash investments | $2,654,806 |
| Pledges and grants receivable | $420,519 |
| Accounts receivable, net | $1,371,327 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $390,000 |
| Inventories for sale or use | $94,190 |
| Prepaid expenses and deferred charges | $333,634 |
| Net Land, buildings, and equipment | $23,592,211 |
| Investments—publicly traded securities | $21,578,347 |
| Investments—other securities | $5,184,825 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $974,973 |
| Total assets | $56,922,231 |
| Accounts payable and accrued expenses | $840,083 |
| Grants payable | $0 |
| Deferred revenue | $72,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,803,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,354,724 |
| Total liabilities | $13,070,040 |
| Net assets without donor restrictions | $9,363,433 |
| Net assets with donor restrictions | $34,488,758 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,922,231 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Eureka College has recieved totaling $232,945.
| Awarding Organization | Amount |
|---|---|
Nina May Bozarth Testamentary Trust Clayton, MO PURPOSE: GENERAL OPERATIONS | $55,814 |
J & V Flynn Foundation Peoria, IL PURPOSE: EDUCATIONAL | $40,000 |
Jane Elise Hendricks Charitable Tr Dated 10-19-2017 Columbus, OH PURPOSE: GENERAL OPERATING FUNDS | $25,000 |
Jane Elise Hendricks Charitable Tr Dated 10-19-2017 Columbus, OH PURPOSE: GENERAL OPERATING FUNDS | $25,000 |
O V Douglass Trust Clayton, MO PURPOSE: GENERAL OPERATIONS | $21,963 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,774 |
Endowment Analysis
| Beg. Balance | $37,679,041 |
| Earnings | -$3,438,101 |
| Net Contributions | $200,869 |
| Other Expense | $1,466,628 |
| Ending Balance | $32,975,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Quincy University Corporation Quincy, IL | $59,925,155 | $50,168,607 |
Wisconsin Lutheran College Milwaukee, WI | $138,651,339 | $53,572,867 |
Goshen College Inc Goshen, IN | $212,121,347 | $46,777,772 |
Huntington University Inc Huntington, IN | $88,113,397 | $42,138,482 |
Trinity Christian College Association Palos Heights, IL | $83,939,338 | $40,620,305 |
Marian University Inc Fond Du Lac, WI | $61,790,484 | $55,352,296 |
Greenville College Greenville, IL | $71,799,510 | $45,500,420 |
Clarke University Of Dubuque Iowa Dubuque, IA | $72,952,113 | $42,449,331 |
Bethel University Inc Mishawaka, IN | $48,689,339 | $40,006,041 |
Missouri Valley College Marshall, MO | $51,178,599 | $44,171,288 |
Milwaukee Institute Of Art And Design Inc Milwaukee, WI | $27,917,955 | $42,333,353 |