Friends Of Vada At Santa Barbara High School
- Assets
- $755.0k
- Revenue
- $242.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 73-1646663
Organization Overview
Friends Of Vada At Santa Barbara High School is located in Santa Barbara, CA. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Vada At Santa Barbara High School 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 06/2021, Friends Of Vada At Santa Barbara High School generated $242.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $153.6k during the year ending 06/2021. While expenses have increased by 10.9% per year over the past 6 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
FRIENDS OF VADA IS A 501(C)3 NONPROFIT ORGANIZATION CREATED TO SUPPORT THE VISUAL ARTS & DESIGN ACADEMY (VADA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING AND COMMUNITY AWARENESS EFFORTS, INCLUDING APPROX 500 PARENT, COMMUNITY AND STUDENT VOLUNTEERS TO SUPPORT THE VISUAL ARTS & DESIGN ACADEMY (VADA) AT SANTA BARBARA HIGH SCHOOL, WHICH IMPACTS 241 STUDENTS ANNUALLY AND THOUSANDS OF COMMUNITY MEMBERS THROUGH ART SHOWS AND COMMUNITY EVENTS EACH YEAR.
WE EMBARKED ON A MULTIPLE-YEAR CAPITAL CAMPAIGN FUNDRAISING GOAL TO RAISE ~$7M TOWARDS RENOVATION OF AN EXISTING BUILDING AND THE CONSTRUCTION OF A NEW BUILDING, WHICH WILL HOUSE A DESIGN LAB AND AN ART STUDIO. CONCEPTUAL DESIGN WORK BEGAN IN 2019-2020.
ANNUAL VADA DRAW FUNDRAISER/ART SHOW HELD AS AN ONLINE EVENT DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Barnett Director/chairman | Trustee | 5 | $3,050 |
Jeff Speer President | OfficerTrustee | 2 | $0 |
Rebecca Szerwo Treasurer | OfficerTrustee | 2 | $0 |
Lesley Gonzalez Secretary | OfficerTrustee | 0.5 | $0 |
Andy Beall Secretary | Officer | 4 | $0 |
Maureen Burke Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,665 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,791 |
| Total Program Service Revenue | $0 |
| Investment income | $3,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,353 |
| 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 | $242,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,072 |
| Advertising and promotion | $7,954 |
| Office expenses | $352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,332 |
| All other expenses | $0 |
| Total functional expenses | $153,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $517,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $237,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $754,990 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $754,990 |
| Net assets with donor restrictions | $0 |
| 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 | $754,990 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Friends Of Vada At Santa Barbara High School has recieved totaling $669,474.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $505,100 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $85,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $28,489 |
Manitou Fund White Bear Lake, MN PURPOSE: CAPITAL CAMPAIGN FOR A NEW CLASSROOM | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Tony And Kyra Rogers Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Net Contributions | $532,500 |
| Other Expense | $8,576 |
| Ending Balance | $523,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |