Santa Barbara Foundation
- Assets
- $439.4m
- Revenue
- $65.1m
- Investments
- $106.9m
- Employees
- 37
- Location
- Santa Barbara, CA
- Founding
- 05/1938
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Santa Barbara Foundation generated $65.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $34.0m during the year ending 12/2022. While expenses have increased by 4.0% 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, Santa Barbara Foundation has awarded 4,672 individual grants totaling $224,230,511. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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:
Part 3 - Line 4a
SBF SERVES THE ENTIRE COUNTY OF SANTA BARBARA, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. IN 2022, 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 2022, 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 2022 TO LOCAL NONPROFIT ORGANIZATIONS PROVIDING SERVICES IN THE AREAS OF BEHAVIORAL HEALTH, HEALTH CARE, FOOD, AND SHELTER & SAFETY THOROUGH ITS COMMUNITY GRANTS PROGRAMS.
SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2022 TO THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA FOR STUDENT AID. THROUGH THIS COLLABORATION OVER 200 STUDENTS OF SANTA BARBARA COUNTY RECEIVED SCHOLARSHIP AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Alvarado Trustee | Trustee | 2 | $0 |
Randall Day Trustee | Trustee | 2 | $0 |
Pamela Gann Trustee | Trustee | 2 | $0 |
Stephen Hicks Chair | OfficerTrustee | 4 | $0 |
Angel Iscovich Trustee | Trustee | 2 | $0 |
Pamela Macal Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meketa Investment Group Inc Financial Management Services | 12/30/22 | $315,635 |
Robert Half International Temporary Staff Services | 12/30/22 | $128,503 |
Pip Printing Printing Services | 12/30/22 | $112,919 |
Centered Networks Inc Hosted Infastructure Environment | 12/30/22 | $110,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| Government grants | $995,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,988,433 |
| Noncash contributions included in lines 1a–1f | $31,374,315 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,233,781 |
| Total Program Service Revenue | $651,925 |
| Investment income | $4,494,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$207,436 |
| Net Gain/Loss on Asset Sales | $13,927,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,112,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,152,550 |
| Grants and other assistance to domestic individuals. | $603,177 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $743,453 |
| Compensation of current officers, directors, key employees. | $400,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,758,574 |
| Pension plan accruals and contributions | $219,889 |
| Other employee benefits | $422,671 |
| Payroll taxes | $235,257 |
| Fees for services: Management | $251,647 |
| Fees for services: Legal | $18,268 |
| Fees for services: Accounting | $106,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $407,191 |
| Fees for services: Other | $839,690 |
| Advertising and promotion | $220,896 |
| Office expenses | $106,310 |
| Information technology | $291,011 |
| Royalties | $0 |
| Occupancy | $344,735 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,012 |
| Insurance | $49,676 |
| All other expenses | $0 |
| Total functional expenses | $34,018,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,286 |
| Savings and temporary cash investments | $67,725,048 |
| Pledges and grants receivable | $21,839,515 |
| Accounts receivable, net | $286,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,336,894 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $127,909 |
| Net Land, buildings, and equipment | $12,866,063 |
| Investments—publicly traded securities | $148,721,426 |
| Investments—other securities | $106,947,175 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,439,261 |
| Total assets | $439,373,124 |
| Accounts payable and accrued expenses | $397,965 |
| Grants payable | $132,940 |
| 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 | $2,828,357 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,572,619 |
| Total liabilities | $31,931,881 |
| Net assets without donor restrictions | $268,130,208 |
| Net assets with donor restrictions | $139,311,035 |
| 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 | $439,373,124 |
Grants Awarded
Over the last fiscal year, Santa Barbara Foundation has awarded $24,167,787 in support to 401 organizations.
| Grant Recipient | Amount |
|---|---|
1000 FRIENDS OF OREGON PURPOSE: ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION | $13,000 |
2ND STORY ASSOCIATES PURPOSE: HOUSING, SHELTER | $28,911 |
A COMPAS INC PURPOSE: ARTS, CULTURE, AND HUMANITIES | $7,500 |
A GREENER WORLD PURPOSE: AGRICULTURE, FOOD, NUTRITION | $375,000 |
ACCELERATE CHANGE INC PURPOSE: PUBLIC AND SOCIETAL BENEFIT | $11,000 |
AFRICAN AMERICAN NETWORK OF KERN COUNTY INC PURPOSE: PUBLIC AND SOCIETAL BENEFIT | $10,000 |