THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE

EIN: 953234551 501(c)(3) Education

SANTA BARBARA, CA

Total Revenue
$9,252,804
Total Expenses
$8,804,651
Total Assets
$96,949,701
Net Assets
$91,148,006
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
CA
Principal Officer
BOBBI ABRAM
Phone
8057304401
Tax Period
2023-07-01 to 2024-06-30

THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE, founded in 1976, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.8M left a modest 5% surplus.

Mission

AS AN INDEPENDENT 501(C)(3) NONPROFIT ORGANIZATION AND PARTNER TO SBCC, THE SBCC FOUNDATION AWARDS MORE THAN $5 MILLION ANNUALLY FOR STUDENT SUCCESS PROGRAMS, SCHOLARSHIPS, BOOK GRANTS, EMERGENCY FUNDS, AND OTHER CRITICAL NEEDS OF THE COLLEGE. FOR NEARLY FIVE DECADES, THE RESOURCES RAISED AND MANAGED BY THE SBCC FOUNDATION HAVE SUPPORTED SBCC STUDENTS AS THEY PREPARE FOR CAREERS, TRANSFER TO FOUR-YEAR UNIVERSITIES, AND PURSUE LIFELONG LEARNING GOALS. IN 2016, THE FOUNDATION CREATED THE SBCC PROMISE, OFFERING ALL RECENT, LOCAL HIGH SCHOOL GRADUATES THE OPPORTUNITY TO ATTEND SBCC FULL-TIME AT NO COST. THE SBCC PROMISE RELIES ENTIRELY ON PRIVATE SUPPORT AND COVERS ALL REQUIRED FEES, BOOKS, AND SUPPLIES FOR UP TO TWO YEARS. TO DATE, MORE THAN 7,500 LOCAL STUDENTS HAVE PARTICIPATED IN THE SBCC PROMISE.

Program Service Accomplishments

Program 1
Expenses: $2,812,543

THE SBCC FOUNDATION PROVIDED $2.4 MILLION IN SUPPORT TO COLLEGE DEPARTMENTS AND PROGRAMS DURING THE 2023-2024 ACADEMIC YEAR. THESE RESOURCES ALLOW COLLEGE FACULTY, STAFF, AND ADMINISTRATORS TO...

Read more

THE SBCC FOUNDATION PROVIDED $2.4 MILLION IN SUPPORT TO COLLEGE DEPARTMENTS AND PROGRAMS DURING THE 2023-2024 ACADEMIC YEAR. THESE RESOURCES ALLOW COLLEGE FACULTY, STAFF, AND ADMINISTRATORS TO IMPROVE EXISTING PROGRAMS, EXPERIMENT WITH NEW AND INNOVATIVE APPROACHES, AND ACHIEVE OUTSTANDING ACADEMIC OUTCOMES.

Program 2
Expenses: $1,344,368

THE SBCC FOUNDATION PROVIDED OVER $1.3 MILLION IN DIRECT STUDENT SUPPORT, IN THE FORM OF SCHOLARSHIPS AND BOOKS GRANTS, TO MORE THAN 1100 STUDENTS IN THE 2023-2024 ACADEMIC YEAR. FOR MANY STUDENTS...

Read more

THE SBCC FOUNDATION PROVIDED OVER $1.3 MILLION IN DIRECT STUDENT SUPPORT, IN THE FORM OF SCHOLARSHIPS AND BOOKS GRANTS, TO MORE THAN 1100 STUDENTS IN THE 2023-2024 ACADEMIC YEAR. FOR MANY STUDENTS, THIS SUPPORT CAN MEAN THE DIFFERENCE BETWEEN DROPPING OUT OF COLLEGE AND SUCCESSFULLY COMPLETING A DEGREE, CERTIFICATE, OR TRANSFER PROGRAM. THE SBCC FOUNDATION ALSO CONTINUED TO FUND IMPORTANT STUDENT SUPPORT PROGRAMS THAT SERVE SINGLE-PARENT STUDENTS, UNDERPREPARED HIGH SCHOOL GRADUATES, AND THOSE RECENTLY RELEASED FROM THE CRIMINAL JUSTICE SYSTEM WHO ARE STARTING COLLEGE. ACCORDING TO THE COLLEGE FUTURES FOUNDATION, SCHOLARSHIPS ALSO HAVE A POSITIVE IMPACT ON STUDENT MATRICULATION RATES.

Program 3
Expenses: $2,473,016

THE SBCC FOUNDATION CREATED THE SBCC PROMISE IN 2016, TO MAKE OUR COMMUNITY'S COLLEGE ACCESSIBLE AND AFFORDABLE TO ALL RECENT LOCAL HIGH SCHOOL GRADUATES. THE SBCC PROMISE OFFERS TWO YEARS OF...

Read more

THE SBCC FOUNDATION CREATED THE SBCC PROMISE IN 2016, TO MAKE OUR COMMUNITY'S COLLEGE ACCESSIBLE AND AFFORDABLE TO ALL RECENT LOCAL HIGH SCHOOL GRADUATES. THE SBCC PROMISE OFFERS TWO YEARS OF COMPREHENSIVE SUPPORT (COVERING ALL REQUIRED FEES, BOOKS AND SUPPLIES) TO ANY LOCAL STUDENT WHO ENROLLS FULL TIME AT SBCC IN THE FALL OR SPRING SEMESTER FOLLOWING THE COMPLETION OF THEIR SECONDARY EDUCATION WITHIN THE SBCC DISTRICT. IN THE 2023-2024 ACADEMIC YEAR, MORE THAN 1,800 SBCC PROMISE STUDENTS WERE ENROLLED. RESEARCH ON COLLEGE ACHIEVEMENT CORRELATES A STUDENT'S CHANCE OF SUCCESS WITH EARLY ENROLLMENT, FULL-TIME STUDENT STATUS, AND ACCESS TO ACADEMIC COUNSELING AND SUPPORT. THE SBCC PROMISE INCLUDES ALL OF THESE ELEMENTS, PROVIDING $2.2 MILLION IN SUPPORT TO SBCC PROMISE STUDENTS IN THE 2023-2024 ACADEMIC YEAR.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,278,609
Program Service Revenue $0
Investment Income $3,775,452
Other Revenue $198,743
TOTAL REVENUE $9,252,804

Expense Breakdown

Grants Paid $5,727,171
Salaries & Benefits $1,897,426
Fundraising Expenses $743,974
Program Expenses $6,629,927
Other Expenses $1,180,054
TOTAL EXPENSES $8,804,651

Year-over-Year Comparison

2023 2022 Change
Revenue $9,252,804 $7,312,099 +0.3%
Expenses $8,804,651 $7,243,343 +0.2%
Net Income $448,153 $68,756 +5.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
14
Employees
17
Volunteers
22

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
$508,773
Total Directors
22
$1,041,848
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PALOMA ARNOLD EX-OFFICIO - SBCC 1.00
Director
$0 $26,807 $268,999
CAROLA SMITH EX-OFFICIO - SBCC 1.00
Director
$0 $22,806 $267,456
JOSHUA RAMIREZ EX-OFFICIO - SBCC (AS OF 06/24) 1.00
Director
$0 $22,998 $165,926
KIMBERLY MONDA EX-OFFICIO - SBCC (THRU 04/30/24) 1.00
Director
$0 $0 $163,674
ERIKA ENDRIJONAS EX-OFFICIO - SBCC 1.00
Director
$0 $12,528 $152,250
ROBERT K MILLER EX-OFFICIO - SBCC 1.00
Director
$0 $18,743 $23,543
ELIZABETH WILMER EX-OFFICIO - SBCC 1.00
Director
$0 $0 $0
MADELEINE JACOBSON PRESIDENT 3.00
Officer Director
$0 $0 $0
LAURIE ASHTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHELLE LEE PICKETT TREASURER 2.00
Officer Director
$0 $0 $0
RACHEL KAGANOFF SECRETARY 2.00
Officer Director
$0 $0 $0
WENDY READ DIRECTOR 2.00
Director
$0 $0 $0
ROGER DURLING DIRECTOR 1.00
Director
$0 $0 $0
GREG LOOSVELT DIRECTOR (THRU 05/09/24) 1.00
Director
$0 $0 $0
PAUL MENZEL DIRECTOR 1.00
Director
$0 $0 $0
CAROLA NICHOLSON DIRECTOR 1.00
Director
$0 $0 $0
PEDRO PAZ DIRECTOR 1.00
Director
$0 $0 $0
BEN SCOTT DIRECTOR (THRU 08/31/23) 1.00
Director
$0 $0 $0
SUSAN SILVER DIRECTOR (AS OF 10/23) 1.00
Director
$0 $0 $0
FRANK TABAR DIRECTOR 1.00
Director
$0 $0 $0
SARAH DE TAGYOS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT VINCENT DIRECTOR 1.00
Director
$0 $0 $0
GEOFF GREEN CHIEF EXECUTIVE OFFICER (THRU 01/02/24) 40.00
Officer
$275,705 $42,665 $318,370
ZORANA MORRIS CHIEF FINANCIAL OFFICER 40.00
Officer
$155,446 $34,957 $190,403
BOBBI ABRAM CHIEF EXECUTIVE OFFICER (AS OF 05/01/24) 40.00
Officer
$0 $0 $0
SARAH STRETZ CHIEF DEVELOPMENT OFFICER 40.00
Highest
$153,809 $3,091 $156,900
RACHEL JOHNSON CHIEF PROGRAM OFFICER 40.00
Highest
$136,959 $19,611 $156,570
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 No data No data No data No data
2024 $9,252,804 $8,804,651 $96,949,701 $448,153
2023 $7,312,099 $7,243,343 $88,748,883 $68,756
2022 $11,936,703 $6,630,365 $84,729,515 $5,306,338
2021 $28,568,433 $6,659,775 $94,886,418 $21,908,658
2020 $6,592,806 $10,009,447 $62,486,520 $-3,416,641
2019 $9,280,102 $7,575,013 $67,315,480 $1,705,089
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE with other nonprofits in California and across the country.