Etc Foundation
- Assets
- $5.8m
- Revenue
- $475.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 01/2017
- Data as of
- 08/2021
- EIN
- 81-4028230
Organization Overview
Etc Foundation is located in Santa Barbara, CA. The organization was established in 2017. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Etc 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 08/2021, Etc Foundation generated $475.6k in total revenue. All expenses for the organization totaled $45.7k during the year ending 08/2021. While expenses have increased by 31.2% per year over the past 5 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 MANAGE AND GROW AN ENDOWMENT FOR THE BENEFIT OF THE ENSEMBLE THEATRE COMPANY OF SANTA BARBARA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ETC FOUNDATION WAS INCORPORATED IN JULY 2016. THE GOAL OF THE FOUNDATION IS TO RAISE MONEY TO PROVIDE A CONSISTENT AND SUBSTANTIAL SOURCE OF FUNDING FOR THE ENSEMBLE THEATRE COMPANY. THE THEATRE IS A 501(C)(3) NONPROFIT ORGANIZATION WITH THE PURPOSE OF ENGAGING AUDIENCES WITH ENTERTAINING, COMPELLING AND THOUGHT-PROVOKING THEATRICAL PRODUCTIONS. FOUNDED IN 1979, THE THEATRE IS SANTA BARBARA'S LARGEST AND LONGEST-RUNNING THEATER COMPANY. IT IS ALSO SANTA BARBARA'S ONLY PROFESSIONAL RESIDENT THEATER COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Y Bruice Secretary | OfficerTrustee | 1 | $0 |
Peter O Johnson Chair/president | OfficerTrustee | 1 | $0 |
Frank Mcginnity Treasurer | OfficerTrustee | 1 | $0 |
George Tharakan Board Member | Trustee | 1 | $0 |
Simon Williams Board Member | Trustee | 1 | $0 |
Lisa Reich Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,290 |
| Total Program Service Revenue | $0 |
| Investment income | $34,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $388,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,556 |
| 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 | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,659 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $366,699 |
| Pledges and grants receivable | $370,957 |
| 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 | $5,094,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,012 |
| Total assets | $5,832,731 |
| 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 | $2,622 |
| Total liabilities | $2,622 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $5,830,109 |
| 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 | $5,832,731 |
Endowment Analysis
| Beg. Balance | $4,184,321 |
| Earnings | $1,639,237 |
| Admin Expense | $45,739 |
| Net Contributions | $52,290 |
| Ending Balance | $5,830,109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |
Mccallum Theatre Foundation Inc Palm Desert, CA | $10,233,971 | $253,349 |
California State Railroad Museum Foundation Inc Sacramento, CA | $11,474,601 | $3,874,416 |
Phoenix Art Museum Endowment Fund Inc Phoenix, AZ | $32,304,336 | $805,868 |
The California Museum Of History Women And The Arts Sacramento, CA | $9,367,922 | $1,679,886 |
Crocker Art Museum Foundation Sacramento, CA | $46,079,263 | $5,867,542 |