Santa Barbara Bowl Foundation
- Assets
- $50.4m
- Revenue
- $10.0m
- Investments
- $287.9k
- Employees
- 13
- Location
- Santa Barbara, CA
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 95-3618955
Organization Overview
Santa Barbara Bowl Foundation is located in Santa Barbara, CA. The organization was established in 1988. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Santa Barbara Bowl Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Bowl 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 Bowl Foundation generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 0.1% 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 Bowl Foundation has awarded 153 individual grants totaling $1,686,821. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, MAINTAIN, AND RENOVATE THE SANTA BARBARA BOWL, A HISTORIC OUTDOOR CONCERT VENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTS: THE SANTA BARBARA BOWL FOUNDATION IS LED BY DEDICATED VOLUNTEERS AND STAFF TO OPERATE THE SANTA BARBARA BOWL, A PREEMINENT OUTDOOR PERFORMING ARTS VENUE, TYPICALLY HOSTING APPROXIMATELY 35 SHOWS AND OVER 120,000 PATRONS ANNUALLY. FOLLOWING A $40 MILLION RENOVATION AND RESTORATION EFFORT, THE FOUNDATION CONTINUES TO RAISE FUNDS TO PROTECT THE COMMUNITY'S INVESTMENT AND STAY AT THE FOREFRONT OF TECHNOLOGY, AUDIENCE SAFETY AND AMENITIES. THE FOUNDATION ALSO RAISES FUNDS FOR OUTREACH PROGRAMMING AND ENDOWMENT TO PROVIDE NEED-BASED SUPPORT, RESOURCES, AND ADVOCACY TO MUSIC AND PERFORMING ARTS EDUCATION PROGRAMS BENEFITING LOCAL SCHOOL CHILDREN. FOLLOWING A SHORTENED SEASON AND LIMITED OPERATIONS IN 2021 DUE TO COVID-19, THE FOUNDATION RESUMED FULL OPERATIONS AND SAW INCREASED PROGRAM REVENUE AND EXPENSES IN 2022.
OUTREACH PROGRAM: THE SANTA BARBARA BOWL FOUNDATION IS A RESPECTED PARTNER IN THE PERFORMING ARTS EDUCATION COMMUNITY IN THE GREATER SANTA BARBARA AREA, TYPICALLY REACHING APPROXIMATELY 20,000 SCHOOL CHILDREN ANNUALLY. ITS PROGRAMS INCLUDE SUPPORTING THE ARTS COMMUNITY BY PROVIDING NEED-BASED SUPPORT TO THE ARTS EDUCATION PROGRAMS, SUPPORTING COMMUNITY ACCESS TO THE PERFORMING ARTS, AND SERVING AS AN ARTS ADVOCATE IN THE COMMUNITY. THE FOUNDATION ITSELF COMMITS $1.00 PER PAID TICKET TO THE OUTREACH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Kerns Chair | OfficerTrustee | 10 | $0 |
Carola Nicholson Vice Chair | OfficerTrustee | 4 | $0 |
Laurie Bentson Kauth Secretary | OfficerTrustee | 4 | $0 |
Nicola Parr Treasurer | OfficerTrustee | 4 | $0 |
Michael Allen Director | Trustee | 1 | $0 |
Wendy Barels Director (left 12/31/22) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller Event Management Security Contractor | 12/30/22 | $712,326 |
Sun Pacific Solar Electric Inc Solar Installation Contractor | 12/30/22 | $556,668 |
Big Green Cleaning Co Custodial Services | 12/30/22 | $178,711 |
Santa Barbara Trolley Event Trolley Service | 12/30/22 | $125,460 |
Bluestar Parking Parking Services | 12/30/22 | $120,573 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,245,189 |
| Investment income | $185,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $676,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $347,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,033,872 |
| Statement of Expenses | |
|---|---|
| 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. | $195,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $864,651 |
| Pension plan accruals and contributions | $57,865 |
| Other employee benefits | $130,027 |
| Payroll taxes | $75,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,413 |
| Fees for services: Accounting | $43,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,907 |
| Fees for services: Other | $703,182 |
| Advertising and promotion | $43,314 |
| Office expenses | $96,996 |
| Information technology | $669,684 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,025 |
| 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 | $1,170,816 |
| Insurance | $134,082 |
| All other expenses | $0 |
| Total functional expenses | $4,917,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $782,893 |
| Savings and temporary cash investments | $6,058,932 |
| Pledges and grants receivable | $2,810,890 |
| 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 |
| Investments—publicly traded securities | $9,218,109 |
| Investments—other securities | $287,885 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,258 |
| Total assets | $50,360,877 |
| Accounts payable and accrued expenses | $416,321 |
| Grants payable | $0 |
| Deferred revenue | $948,355 |
| 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 | $1,364,676 |
| Net assets without donor restrictions | $45,692,142 |
| Net assets with donor restrictions | $3,304,059 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $48,996,201 |
Grants Awarded
Over the last fiscal year, Santa Barbara Bowl Foundation has awarded $281,333 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
NOTES FOR NOTES PURPOSE: OUTREACH GRANT | $12,000 |
SAN MARCOS HS ROYAL BAND BOOSTERS PURPOSE: OUTREACH GRANT | $14,000 |
CHILDREN'S CREATIVE PROJECT PURPOSE: OUTREACH GRANT | $15,500 |
SANTA BARBARA HS BAND BOOSTER CORP PURPOSE: OUTREACH GRANT | $14,000 |
DOS PUEBLOS BAND BOOSTERS PURPOSE: OUTREACH GRANT | $16,060 |
SANTA BARBARA DANCE INSTITUTE PURPOSE: OUTREACH GRANT | $7,500 |