James S Bower Foundation
- Assets
- $82.6m
- Revenue
- $7.1m
- Investments
- $39.8m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 10/1989
- Data as of
- 12/2022
- EIN
- 77-0229243
Organization Overview
James S Bower Foundation is located in Santa Barbara, CA. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James S Bower 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 12/2022, James S Bower Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 8 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.
Since 2014, James S Bower Foundation has awarded 420 individual grants totaling $25,051,184. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Bottelsen Chairman | 10 | $60,000 | |
Christopher A Jacobs Secretary | 3 | $30,000 | |
David Alvarado Treasurer | 3 | $30,000 | |
Jon Clark President | 40 | $244,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,181 |
| Dividends & Interest | $683,578 |
| Net Rental Income | $924,072 |
| Net Gain on Sale of Assets | $5,402,438 |
| Capital Gain Net Income | $5,402,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,843 |
| Total Revenue | $7,056,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $364,000 |
| Other employee salaries and wages | $109,357 |
| Pension plans, employee benefits | $21,809 |
| Interest | $563 |
| Taxes | $178,976 |
| Depreciation | $24,337 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,165 |
| Printing and publications | $0 |
| Other expenses | $222,635 |
| Total operating and administrative expenses | $1,073,066 |
| Contributions, gifts, grants paid | $4,062,100 |
| Total expenses and disbursements | $5,135,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $159,976 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $135,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,816,571 |
| Net Land, buildings, and equipment | $2,042,059 |
| Other assets | $40,417,296 |
| Total assets | $82,570,902 |
| Accounts payable and accrued expenses | $57,495 |
| Grants payable | $200,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $59,778 |
| Total liabilities | $317,273 |
Grants Awarded
Over the last fiscal year, James S Bower Foundation has awarded $3,862,100 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
CARPINTERIA CHILDREN'S PROJECT PURPOSE: GENERAL OPERATING | $237,500 |
ANGELS FOSTER CARE OF SANTA BARBARA PURPOSE: KINSHIP ANGELS | $20,000 |
CALIFORNIA CENTER FOR PUBLIC POLICY PURPOSE: EARNED INCOME TAX CREDIT PROGRAM | $10,000 |
ALL SAINTS-BY-THE-SEA PURPOSE: JIM BOWER GOLF TOURNAMENT FOR COMMUNITY OUTREACH | $20,000 |
AHA ATTITUDE HARMONY ACHIEVMENT PURPOSE: AHA! SEL PROGRAMS | $10,000 |
CHILD ABUSE LISTENING MEDIATION INC PURPOSE: CENTRAL COAST MENTAL HEALTH DISTRICT COLLAB | $200,000 |