Santa Barbara Education Foundation

EIN: 770071544 501(c)(3) Education

Santa Barbara, CA

Total Revenue
$2,969,512
Total Expenses
$3,729,959
Total Assets
$6,489,293
Net Assets
$6,401,772
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CA
Principal Officer
Vanessa Pelton
Phone
8052849125
Tax Period
2024-07-01 to 2025-06-30

Santa Barbara Education Foundation, founded in 1985, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 26% operating deficit.

Mission

Santa Barbara Education Foundation (SBEF) provides and supports programs that enrich the academic, artistic, and personal development of all students in the Santa Barbara Unified School District.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,704,743
Program Service Revenue $167,110
Investment Income $99,486
Other Revenue $-1,827
TOTAL REVENUE $2,969,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $929,497
Fundraising Expenses $44,653
Program Expenses $2,860,400
Other Expenses $2,800,462
TOTAL EXPENSES $3,729,959

Year-over-Year Comparison

2024 2023 Change
Revenue $2,969,512 $2,502,354 +0.2%
Expenses $3,729,959 $3,027,114 +0.2%
Net Income $-760,447 $-524,760 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
45
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$152,566
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mat Gradias President 1.00
Officer Director
$0 $0 $0
Victoria Juarez Vice President 1.00
Officer Director
$0 $0 $0
Tisha Ford Treasurer 1.00
Officer Director
$0 $0 $0
Diana Ciontea Treasurer 1.00
Officer Director
$0 $0 $0
Melissa White Secretary 1.00
Officer Director
$0 $0 $0
Elke Kane Member 1.00
Officer Director
$0 $0 $0
Roxane Bryne Member 1.00
Director
$0 $0 $0
Isis Castaneda Member 1.00
Director
$0 $0 $0
Eva Maria Catalan Member 1.00
Director
$0 $0 $0
Jeffrey Milem Member 1.00
Director
$0 $0 $0
Stephanie Ramirez-Zarate Member 1.00
Director
$0 $0 $0
Beth Rogers Member 1.00
Director
$0 $0 $0
Donna Ronzone Member 1.00
Director
$0 $0 $0
Pedro Paz Executive Director 40.00
Officer
$134,950 $17,616 $152,566
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,969,512 $3,729,959 $6,489,293 $-760,447
2024 No data No data No data No data
2023 $2,973,513 $2,961,088 $6,800,730 $12,425
2022 $2,636,994 $2,389,586 $6,480,018 $247,408
2021 $2,433,593 $2,346,341 $6,894,063 $87,252
2019 $5,744,596 $1,922,253 $6,427,599 $3,822,343
2018 $1,845,857 $1,839,539 $2,832,984 $6,318
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