Santa Barbara Foundation
- Assets
- $456.6m
- Revenue
- $53.6m
- Investments
- $137.4m
- Employees
- 37
- Location
- Santa Barbara, CA
- Founding
- 05/1938
- Data as of
- 12/2021
- EIN
- 95-1866094
Organization Overview
Santa Barbara Foundation is located in Santa Barbara, CA. The organization was established in 1938. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Santa Barbara Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara 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 12/2021, Santa Barbara Foundation generated $53.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $43.6m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 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, Santa Barbara Foundation has awarded 4,271 individual grants totaling $200,062,724. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SANTA BARBARA FOUNDATION (SBF) IS TO MOBILIZE COLLECTIVE WISDOM AND PHILANTHROPIC CAPITAL TO BUILD EMPATHETIC, INCLUSIVE AND RESILIENT COMMUNITIES.SBF IS A COMMUNITY FOUNDATION ESTABLISHED IN 1928 TO ENRICH THE LIVES OF THE PEOPLE OF SANTA BARBARA COUNTY THROUGH PHILANTHROPY. AS ONE OF THE LARGEST PRIVATE SOURCES OF FUNDING FOR AREA NONPROFITS, AGENCIES AND COLLEGE BOUND STUDENTS, SBF BUILDS AND FACILITATES PHILANTHROPY THROUGH DONOR PARTNERSHIPS; INVESTS IN NONPROFITS; AND IDENTIFIES AND STRATEGICALLY ADDRESSES IMPORTANT COMMUNITY NEEDS.
Describe the Organization's Program Activity:
SBF SERVES THE ENTIRE COUNTY OF SANTA BARBARA, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. IN 2021, SBF AWARDED OVER 2,000 GRANTS TO NONPROFIT ORGANIZATIONS. GRANTS ARE MADE THROUGH SBF FROM VARIOUS TYPES OF FUNDS, INCLUDING: DONOR ADVISED FUNDS, DONOR DESIGNATED FUNDS AND FIELD OF INTEREST FUNDS. DISCRETIONARY GRANTS, TOTALING OVER $5 MILLION IN 2021, ARE SUPPORTED BY SBF'S UNRESTRICTED ENDOWMENT INCOME AND ARE AWARDED WITH THE APPROVAL OF THE BOARD OF TRUSTEES BASED ON RECOMMENDATIONS OF SBF STAFF FOLLOWING A RIGOROUS PROCESS OF RESEARCH, DUE DILIGENCE, PLANNING AND EVALUATION.
SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2021 TO LOCAL NONPROFIT ORGANIZATIONS PROVIDING SERVICES IN THE AREAS OF BEHAVIORAL HEALTH, HEALTH CARE, FOOD, AND SHELTER & SAFETY THOROUGH ITS COMMUNITY GRANTS PROGRAMS.
SBF SERVED AS FISCAL SPONSOR FOR THE FOOTHILLS FOREVER FUND FOR THE PRESERVATION OF THE SAN MARCOS FOOTHILLS OPEN SPACE. THIS ARRANGEMENT ALLOWED THE CAMPAIGN ORGANIZERS TO FOCUS ON FUNDRAISING WHILE SBF HANDLED THE ADMINISTRATIVE ASPECTS OF RECEIVING AND PROCESSING DONATIONS OF OVER $11 MILLION THAT WAS THEN GRANTED TO CHANNEL ISLANDS RESTORATION TO HELP PROTECT AND STEWARD THE LAND IN PERPETUITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Carrera President & CEO | Officer | 40 | $326,158 |
Todd Yuba Vp, Finance & Admin (as Of 4/1/21) | Officer | 40 | $174,454 |
Janet Mocker CFO (thru 3/31/21); Sr Dir Of Fin | Officer | 40 | $154,546 |
Rubayi Estes Vice President, Programs | 40 | $154,389 | |
Jessica Sanchez Director Of Donor Relations | 40 | $116,350 | |
Pedro Paz Director, Policy And External Affairs | 40 | $103,027 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meketa Investment Group Inc Financial Management Services | 12/30/21 | $313,725 |
Law Office Of Marc Chytilo Apc Legal Services - San Marcos Foothills | 12/30/21 | $141,357 |
Centered Networks Inc Hosted Infastructure Environment | 12/30/21 | $139,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $1,106,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,070,937 |
| Noncash contributions included in lines 1a–1f | $13,677,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,277,734 |
| Total Program Service Revenue | $595,405 |
| Investment income | $4,204,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$221,705 |
| Net Gain/Loss on Asset Sales | $7,702,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,590,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,790,097 |
| Grants and other assistance to domestic individuals. | $574,477 |
| Grants and other assistance to Foreign Orgs/Individuals | $95,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $831,084 |
| Compensation of current officers, directors, key employees. | $480,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,252,324 |
| Pension plan accruals and contributions | $198,437 |
| Other employee benefits | $300,459 |
| Payroll taxes | $223,435 |
| Fees for services: Management | $241,135 |
| Fees for services: Legal | $20,957 |
| Fees for services: Accounting | $98,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $427,762 |
| Fees for services: Other | $887,235 |
| Advertising and promotion | $156,361 |
| Office expenses | $91,166 |
| Information technology | $290,131 |
| Royalties | $0 |
| Occupancy | $291,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,893 |
| Interest | $6,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,644 |
| Insurance | $44,796 |
| All other expenses | $0 |
| Total functional expenses | $43,641,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,790 |
| Savings and temporary cash investments | $40,825,467 |
| Pledges and grants receivable | $41,402,282 |
| Accounts receivable, net | $965,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,039,577 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $114,812 |
| Net Land, buildings, and equipment | $13,294,088 |
| Investments—publicly traded securities | $135,763,890 |
| Investments—other securities | $137,429,067 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,718,649 |
| Total assets | $456,585,072 |
| Accounts payable and accrued expenses | $282,205 |
| Grants payable | $272,000 |
| 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 | $2,912,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,700,565 |
| Total liabilities | $34,166,981 |
| Net assets without donor restrictions | $266,875,090 |
| Net assets with donor restrictions | $155,543,001 |
| 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 | $456,585,072 |
Grants Awarded
Over the last fiscal year, Santa Barbara Foundation has awarded $34,988,072 in support to 420 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION | $11,433,099 |
Santa Barbara, CA PURPOSE: ARTS, CULTURE, AND HUMANITIES | $2,098,000 |
Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $1,160,600 |
Santa Barbara, CA PURPOSE: ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION | $802,404 |
Santa Barbara, CA PURPOSE: ARTS, CULTURE, AND HUMANITIES | $684,867 |
Santa Barbara, CA PURPOSE: ARTS, CULTURE, AND HUMANITIES | $451,082 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Santa Barbara Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Integral Charitable Foundation Louisville, CO PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $65,030,195 |
| Earnings | $8,642,504 |
| Admin Expense | $735,600 |
| Net Contributions | $1,200 |
| Grants | $2,378,331 |
| Ending Balance | $70,559,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |