Eureka Foundation
- Assets
- $927.5k
- Revenue
- $63.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Eureka, KS
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 41-2155936
Organization Overview
Eureka Foundation is located in Eureka, KS. The organization was established in 2005. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eureka Foundation 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 12/2021, Eureka Foundation generated $63.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $53.5k during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE APPEARANCE OF THE COMMUNITY DEMOLITION OF ABANDONED BUILDINGS; PAINTING AND REPAIR OF BUILDINGS ALSO PROVIDE SCHOLARSHIPS TO EUREKA STUDENTS, & DUPLEX RENTALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENWOOD COUNT LONG-TERM RECOVERY COMMITTEE - FUNDS SPENT TO HELP VICTIMS OF THE RECENT TORNADOS IN AREA PAY FOR UNINSURED DAMAGES.
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.
RENTAL OF DUPLEXES
MYREKA - COMMITTEE TO RAISE FUNDS FOR SPECIFIC PURPOSE ALSO FUNDING PAID TO LOCAL NONPROFIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Boone President | Officer | 5 | $0 |
Jamie Lindamood Treasurer | Officer | 5 | $0 |
Craig Olson Vice-President | Officer | 2 | $0 |
Matt Wilson Secretary | Officer | 5 | $0 |
Scott Hoyt Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,335 |
| Total Program Service Revenue | $35,800 |
| Investment income | $19,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,980 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $504 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29 |
| Information technology | $408 |
| Royalties | $0 |
| Occupancy | $2,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,942 |
| Insurance | $3,130 |
| All other expenses | $430 |
| Total functional expenses | $53,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,301 |
| Savings and temporary cash investments | $42,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $222,402 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $525,732 |
| Investments—publicly traded securities | $74,436 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $927,488 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $222,402 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,300 |
| Total liabilities | $224,702 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $44,747 |
| Paid-in or capital surplus, or land, building, or equipment fund | $10,194 |
| Retained earnings, endowment, accumulated income, or other funds | $647,845 |
| Total liabilities and net assets/fund balances | $927,488 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eureka Foundation has recieved totaling $161.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Endowment Analysis
| Beg. Balance | $301,445 |
| Earnings | $22,696 |
| Other Expense | $27,303 |
| Ending Balance | $296,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Entrepreneur Startup Business Development Corporation St Louis, MO | $30,546,182 | $5,633,965 |
Greater Northwest Kansas Community Foundation Bird City, KS | $47,390,567 | $21,199,864 |
Karis Inc Grand Junction, CO | $4,115,604 | $3,050,096 |