SANTA BARBARA FOUNDATION

EIN: 951866094 501(c)(3) Philanthropy & Grantmaking

SANTA BARBARA, CA

Total Revenue
$37,810,274
Total Expenses
$35,776,166
Total Assets
$474,773,392
Net Assets
$437,153,705
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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
CA
Principal Officer
JACQUELINE CARRERA
Phone
8059631873
Tax Period
2023-01-01 to 2023-12-31

SANTA BARBARA FOUNDATION, founded in 1928, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $37.8M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $35.8M left a modest 5% surplus.

Mission

THE MISSION OF THE SANTA BARBARA FOUNDATION (SBF) IS TO MOBILIZE COLLECTIVE WISDOM AND PHILANTHROPIC CAPITAL TO BUILD EMPATHETIC, INCLUSIVE AND RESILIENT COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $28,303,039 Revenue: $705,378

SBF SERVES THE ENTIRE COUNTY OF SANTA BARBARA, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. IN 2023, SBF AWARDED OVER 2,000 GRANTS TO NONPROFIT ORGANIZATIONS. GRANTS ARE MADE...

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SBF SERVES THE ENTIRE COUNTY OF SANTA BARBARA, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. IN 2023, 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 $6 MILLION IN 2023, 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.

Program 2
Expenses: $1,357,683

SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2023 TO LOCAL NONPROFIT ORGANIZATIONS PROVIDING SERVICES IN THE AREAS OF BEHAVIORAL HEALTH, HEALTH CARE, FOOD, AND SHELTER & SAFETY THOROUGH ITS COMMUNITY...

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SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2023 TO LOCAL NONPROFIT ORGANIZATIONS PROVIDING SERVICES IN THE AREAS OF BEHAVIORAL HEALTH, HEALTH CARE, FOOD, AND SHELTER & SAFETY THOROUGH ITS COMMUNITY GRANTS PROGRAMS.

Program 3
Expenses: $1,219,651

SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2023 TO THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA FOR STUDENT AID. THROUGH THIS COLLABORATION OVER 150 STUDENTS OF SANTA BARBARA COUNTY RECEIVED...

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SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2023 TO THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA FOR STUDENT AID. THROUGH THIS COLLABORATION OVER 150 STUDENTS OF SANTA BARBARA COUNTY RECEIVED SCHOLARSHIP AWARDS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,455,651
Program Service Revenue $705,378
Investment Income $8,873,473
Other Revenue $-224,228
TOTAL REVENUE $37,810,274

Expense Breakdown

Grants Paid $25,917,822
Salaries & Benefits $5,102,192
Fundraising Expenses $1,845,592
Program Expenses $30,880,373
Other Expenses $4,756,152
TOTAL EXPENSES $35,776,166

Year-over-Year Comparison

2023 2022 Change
Revenue $37,810,274 $65,112,090 -0.4%
Expenses $35,776,166 $34,018,312 +0.1%
Net Income $2,034,108 $31,093,778 -0.9%
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
19
Independent Members
19
Employees
42
Volunteers
150

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
6
$799,774
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN HICKS CHAIR 4.00
Officer Director
$0 $0 $0
MATT ROWE VICE CHAIR 3.00
Officer Director
$0 $0 $0
GINGER SALAZAR SECRETARY 3.00
Officer Director
$0 $0 $0
DANNA MCGREW TREASURER 3.00
Officer Director
$0 $0 $0
ANGEL ISCOVICH TRUSTEE 2.00
Director
$0 $0 $0
PAMELA MACAL TRUSTEE 2.00
Director
$0 $0 $0
ROBERT NAKASONE TRUSTEE 2.00
Director
$0 $0 $0
ERNESTO PAREDES TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL PFAU TRUSTEE 2.00
Director
$0 $0 $0
SUSAN RICHARDS TRUSTEE 2.00
Director
$0 $0 $0
JAMES ROGERS TRUSTEE 2.00
Director
$0 $0 $0
LYNN SCARLETT TRUSTEE 2.00
Director
$0 $0 $0
ALEX SIMAS TRUSTEE 2.00
Director
$0 $0 $0
TRACY STOUFFER TRUSTEE 2.00
Director
$0 $0 $0
ZOHAR ZIV TRUSTEE 2.00
Director
$0 $0 $0
PHIL ALVARADO TRUSTEE 2.00
Director
$0 $0 $0
RICHARD BESWICK TRUSTEE 2.00
Director
$0 $0 $0
RANDALL DAY THRU 0923 TRUSTEE 2.00
Director
$0 $0 $0
PAMELA GANN TRUSTEE 2.00
Director
$0 $0 $0
RAFAEL GONZALEZ TRUSTEE 2.00
Director
$0 $0 $0
JACQUELINE CARRERA PRESIDENT & CEO 40.00
Officer
$401,076 $81,727 $482,803
TODD YUBA VP, FINANCE & ADMINISTRATION 40.00
Officer
$266,785 $50,186 $316,971
CELINE DELPOUX DIRECTOR OF ACCOUNTING 40.00
Highest
$117,661 $20,521 $138,182
RUBAYI ESTES VP, PROGRAMS 40.00
Highest
$140,900 $29,595 $170,495
JENNY KEARNS DIRECTOR OF GRANTMAKING 40.00
Highest
$119,513 $21,533 $141,046
JANET MOCKER SENIOR DIRECTOR OF FINANCE 40.00
Highest
$171,472 $42,260 $213,732
TAMMY SIMS JOHNSON VP, PHILANTHROPIC SERVICES 40.00
Highest
$194,520 $47,337 $241,857
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 No data No data No data No data
2023 $37,810,274 $35,776,166 $474,773,392 $2,034,108
2022 $65,112,090 $34,018,312 $439,373,124 $31,093,778
2021 $53,590,434 $43,641,618 $456,585,072 $9,948,816
2020 $43,254,704 $32,916,746 $420,966,327 $10,337,958
2019 $29,668,906 $38,873,354 $392,665,597 $-9,204,448
2018 $25,883,777 $36,251,374 $372,582,050 $-10,367,597
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