Overview
What is Eureka Foundation?
Eureka Foundation is a nonprofit organization situated in Eureka, Kansas. Its primary mission revolves around enhancing the appearance of the community by demolishing abandoned buildings and carrying out necessary repairs and paint jobs on existing structures. In addition to community improvement initiatives, the foundation also offers educational scholarships to students from Eureka and manages duplex rentals. The organization gained recognition for its role in aiding victims of recent tornadoes in the area, providing financial assistance for uninsured damages. The Eureka Foundation's activities encompass both community development and educational support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of transparency and accountability in the organization's operations, indicating that while there are strengths, significant improvements are needed in governance policies.
The Eureka Foundation shows strong performance in several key areas, including having an entirely independent board and a high program expense ratio of 94.89%, which suggests that a substantial portion of its funds is directed towards its programs. Additionally, the organization maintains a favorable liabilities-to-assets ratio, indicating financial stability.
However, the foundation falls short in critical governance aspects, such as lacking essential policies like a Conflict of Interest Policy, Whistleblower Policy, and Document Retention and Destruction Policy. The absence of these documents raises concerns about organizational transparency and ethical accountability, which could impact stakeholder trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Eureka Foundation legitimate?
Eureka Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eureka Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Eureka Foundation?
The Eureka Foundation's mission is centered around enhancing the community's appearance. This is accomplished through the demolition of abandoned buildings, as well as the painting and repair of existing structures. Additionally, the foundation extends its reach by offering scholarships to local students from Eureka. Beyond physical improvements, the foundation also engages in duplex rentals. In times of need, such as after natural disasters, the foundation provides financial aid to help community members cover uninsured damages.
Who is the CEO of Eureka Foundation?
Isaac Boone is the President of Eureka Foundation.
What is the revenue of Eureka Foundation?
Eureka Foundation's revenue in 2022 was $61,209.
Who are the executives of Eureka Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Eureka Foundation?
Eureka Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eureka Foundation
The Eureka Foundation, a notable organization, is committed to enhancing the aesthetic appeal of its community. It accomplishes this by undertaking the demolition of abandoned buildings, carrying out necessary repairs, and painting buildings within its purview. In addition to this, the foundation demonstrates its dedication to education by offering scholarships to students hailing from Eureka. Furthermore, the organization also manages duplex rentals as part of its community service initiatives.
In the face of natural disasters, the Eureka Foundation has shown its commitment to the well-being of its community. Following a series of tornadoes in the area, the foundation contributed funds to aid the victims. These funds were utilized to cover the uninsured damages suffered by the victims, thus providing much-needed assistance in their time of need. The Eureka Foundation's actions highlight its multifaceted approach to community improvement and its dedication to education and disaster relief.
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Impact
August, 2024
The Eureka Foundation's impact is significant in improving the appearance of the community through the demolition of abandoned buildings, painting and repair of buildings, providing scholarships to Eureka students, and offering duplex rentals. Additionally, the foundation's involvement with the Greenwood County Long-Term Recovery Committee shows their commitment to using funds to help tornado victims in the area pay for uninsured damages. Through these initiatives, the Eureka Foundation plays a crucial role in enhancing the quality of life in Eureka, Kansas, and supporting the community's long-term recovery and development.
This information is meant to be a general summary of Eureka Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,106
- Program Service Revenue: $42,274
- Gross Receipts: $61,209
Assets and Liabilities:
- Total Assets: $937,331
- Total Liabilities: $235,846
- Net Assets: $701,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$35,295
Tax Abatement
Revenue
$6,979
Organization Details
Founding Year
2004
Phone
(620) 750-0295Principal Officer
Isaac Boone
Main Address
PO Box 247, Eureka, KS, 67045
NTEE Category
Code: S30 - Community improvement
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