SANTA BARBARA MUSEUM OF ART

EIN: 951664122 501(c)(3) Arts, Culture & Humanities

SANTA BARBARA, CA

Total Revenue
$9,037,432
Total Expenses
$12,836,140
Total Assets
$133,542,368
Net Assets
$130,348,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
CA
Principal Officer
MARK MALTUN
Phone
8058846422
Tax Period
2023-07-01 to 2024-06-30

SANTA BARBARA MUSEUM OF ART, founded in 1941, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.0M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $12.8M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO INTEGRATE ART INTO THE LIVES OF PEOPLE, FOSTERING IMAGINATION, STIMULATING THOUGHT, AND CREATING PERSONALLY REWARDING EXPERIENCES.

Program Service Accomplishments

Program 1
Expenses: $3,488,286 Revenue: $169,046

CURATORIAL - CURATE MULTIPLE EXHIBITIONS. ACQUIRE, ACCEPT, MAINTAIN AND CONSERVE WORKS OF ART. RESEARCH FOR AND PUBLICATION OF CATALOGS. PRESENT SCHOLARLY SYMPOSIUMS AND LECTURES.

Program 2
Expenses: $1,178,318 Revenue: $71,936

EDUCATION - PROVIDE FREE IN-DEPTH, CURRICULUM-BASED DOCENT TOURS FOR K-12 STUDENTS, ART EDUCATION OUTREACH TO THE COMMUNITY, PROVIDE LECTURES, POETRY READINGS, DOCENT TOURS AND ART ACTIVITIES FOR THE...

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EDUCATION - PROVIDE FREE IN-DEPTH, CURRICULUM-BASED DOCENT TOURS FOR K-12 STUDENTS, ART EDUCATION OUTREACH TO THE COMMUNITY, PROVIDE LECTURES, POETRY READINGS, DOCENT TOURS AND ART ACTIVITIES FOR THE COMMUNITY.

Program 3
Expenses: $2,020,419 Revenue: $1,675,363

MEMBER TOURS - PROVIDE FIRST HAND EXPOSURE TO GREAT ART, ARCHITECTURE, GARDENS AND ARCHEOLOGICAL SITES FOR MEMBERS OUTSIDE THE CONFINES OF THE MUSEUM. THESE TOURS PROVIDE A CONTEXTUAL REFERENCE FOR...

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MEMBER TOURS - PROVIDE FIRST HAND EXPOSURE TO GREAT ART, ARCHITECTURE, GARDENS AND ARCHEOLOGICAL SITES FOR MEMBERS OUTSIDE THE CONFINES OF THE MUSEUM. THESE TOURS PROVIDE A CONTEXTUAL REFERENCE FOR THE MUSEUM'S COLLECTION AND EXHIBITIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,949,525
Program Service Revenue $1,916,345
Investment Income $868,051
Other Revenue $2,303,511
TOTAL REVENUE $9,037,432

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,753,538
Fundraising Expenses $906,341
Program Expenses $9,507,359
Other Expenses $7,082,602
TOTAL EXPENSES $12,836,140

Year-over-Year Comparison

2023 2022 Change
Revenue $9,037,432 $11,334,880 -0.2%
Expenses $12,836,140 $12,252,367 +0.0%
Net Income $-3,798,708 $-917,487 +3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
136
Volunteers
263

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
$419,192
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN FELDSTEIN TRUSTEE 5.00
Director
$0 $0 $0
LYNN CUNNINGHAM BROWN SECRETARY AND TRUSTEE 5.00
Officer Director
$0 $0 $0
RICHARD DE SCHUTTER VICE CHAIR AND TRUSTEE 5.00
Officer Director
$0 $0 $0
MARTHA GABBERT TRUSTEE 5.00
Director
$0 $0 $0
JOAN DAVIDSON TRUSTEE 5.00
Director
$0 $0 $0
NORMAN KURLAND TRUSTEE 5.00
Director
$0 $0 $0
KANDY LURIA-BUDGOR TRUSTEE 5.00
Director
$0 $0 $0
BRUCE WORSTER TRUSTEE 5.00
Director
$0 $0 $0
NICHOLAS MUTTON CHAIR AND TRUSTEE 5.00
Officer Director
$0 $0 $0
CAROLE MACCORKLE TRUSTEE 5.00
Director
$0 $0 $0
BARRY WINICK TRUSTEE 5.00
Director
$0 $0 $0
DOUGLAS NORBERG TRUSTEE 5.00
Director
$0 $0 $0
DAVID JACKSON TRUSTEE 5.00
Director
$0 $0 $0
JEANNE TOWLES TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL WILSON TRUSTEE 5.00
Director
$0 $0 $0
CHRISTINE HOLLAND TRUSTEE 5.00
Director
$0 $0 $0
MARTHA HOLSMAN BABSON TRUSTEE 5.00
Director
$0 $0 $0
KAREN LOMBARDO BRILL TRUSTEE 5.00
Director
$0 $0 $0
ROBERT CASTLE TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL LINN TRUSTEE 5.00
Director
$0 $0 $0
BETSY NEWMAN TRUSTEE 5.00
Director
$0 $0 $0
MARTHA TOWNSEND TRUSTEE 5.00
Director
$0 $0 $0
SUSAN DRYMALSKI BOWEY TRUSTEE 5.00
Director
$0 $0 $0
RACHEL KAGANOFF TRUSTEE 5.00
Director
$0 $0 $0
SHERATON KALOURIA TRUSTEE 5.00
Director
$0 $0 $0
JACQUELYN KLEIN-BROWN TRUSTEE 5.00
Director
$0 $0 $0
J PAUL LOGANBACH TRUSTEE 5.00
Director
$0 $0 $0
CHRISTIAN MCGRATH TRUSTEE 5.00
Director
$0 $0 $0
BETH WOOD TRUSTEE 5.00
Director
$0 $0 $0
LAURA SELWYN WYATT TRUSTEE 5.00
Director
$0 $0 $0
LARRY FEINBERG DIRECTOR AND CEO 40.00
Officer
$214,707 $18,257 $232,964
DIANE LYYTIKAINEN CHIEF FINANCIAL OFFICER 40.00
Officer
$144,336 $536 $144,872
AMADA CRUZ DIRECTOR AND CEO 40.00
Officer
$39,689 $1,667 $41,356
MARK MALTUN CHIEF FINANCIAL OFFICER 40.00
Officer
$0 $0 $0
KAREN KAWAGUCHI DIRECTOR OF EXT AFFAIRS 40.00
Highest
$119,502 $17,293 $136,795
EILEEN KAHNG DEPUTY DIRECTOR AND CHIEF 40.00
Highest
$152,708 $25,112 $177,820
JOSEPH PRICE DIRECTOR OF IT 40.00
Highest
$102,572 $20,919 $123,491
JAMES GLISSON CHIEF CURATOR 40.00
Highest
$106,720 $12,248 $118,968
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
2024 $9,037,432 $12,836,140 $133,542,368 $-3,798,708
2023 $11,334,880 $12,252,367 $131,572,554 $-917,487
2022 $18,950,542 $10,445,977 $129,028,744 $8,504,565
2022 $18,950,542 $10,445,977 $129,028,744 $8,504,565
2021 $22,074,169 $7,262,804 $142,171,274 $14,811,365
2020 $12,248,633 $7,918,902 $123,627,436 $4,329,731
2019 $11,063,664 $8,573,820 $121,839,537 $2,489,844
2018 $14,374,063 $8,723,515 $115,573,546 $5,650,548
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