Eureka College

Nonprofit profile at a glance

EIN
370673484
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Eureka, IL, USA
Phone
3094676306
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Reported finances

Revenue
$17,595,553
Expenses
$18,644,271
Assets
$57,625,879
Liabilities
$14,136,056

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • JAMEL SANTA CRUZ WRIGHT (PRESIDENT)

Highest reported compensation

  • JAMEL SANTA CRUZ WRIGHT (PRESIDENT): $243,276 total reported compensation
  • ANN FULOP (PROVOST): $145,654 total reported compensation
  • MICHAEL BAUMAN (VP FINANCE & FACILITIES/CF): $113,750 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Eureka college provides a student-centered experience that cultivates the essential skills to serve with passion, lead with purpose, pursue growth opportunities and learn for life.

What it reported doing in 2024

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 service in 2024-2025, the college saw new student enrollment of 244, with a total enrollment of 527 students. The college also reports a 14:1 student-faculty ratio and a 2.83 gpa on a 4.0 scale for all students.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 84
  • Accountability: 88
  • Sustainability: 44
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79%; rating input score 79
  • Program expense ratio: 69.6%; rating input score 70
  • Fundraising efficiency: $3.81 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.2%; rating input score 95; 29th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 3.09; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 79% of revenue deployed · 69.6% of spending went to programs
  • Governance: 20 of 21 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13M in reported program spending
  • Leadership: top reported pay $243K · 24 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.1M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.