Form 990 for tax year 2023
Filed by SCHOLARSHIP FOUNDATION OF SANTA BARBARA.
Totals
- Total revenue
- $9,786,365
- Total expenses
- $9,300,394
- Contributions and grants received
- $7,863,501
- Grants paid
- $6,551,836
- Program service revenue
- $85,392
- Investment income
- $1,811,966
- Other revenue
- $25,506
- Total assets, end of year
- $75,961,748
- Total liabilities, end of year
- $7,260,103
- Net assets or fund balances, end of year
- $68,701,645
- Program services expenses (Part IX)
- $8,019,530
- Management and general expenses
- $703,205
- Fundraising expenses
- $577,659
- Program service expenses (Part III)
- $8,019,530
Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$211,063
-
1f · All other contributions, gifts and grants
$7,652,438
-
1g · Noncash contributions included above
$112,428
-
2a · Program service revenue: GRANT FOR STUDENT AID SVC
total $85,392 · related or exempt $85,392
-
3 · Investment income
total $1,544,489 · excluded $1,544,489
-
5 · Royalties
total $42,924 · excluded $42,924
-
7a · Gross sales of assets other than inventory
securities $18,428,684 · other assets $394,030
-
7b · Less cost or other basis and sales expenses
securities $18,445,237 · other assets $110,000
-
7c · Gain or loss
securities -$16,553 · other assets $284,030
-
7d · Net gain or loss
total $267,477 · excluded $267,477
-
8a · Fundraising events: gross income
$131,250
-
8a · Fundraising events: contributions included on line 1c
$211,063
-
8b · Fundraising events: direct expenses
$180,185
-
8c · Net income from fundraising events
total -$48,935 · excluded -$48,935
-
11d · All other revenue
total $31,517 · excluded $31,517
-
11e · Other revenue, total
$31,517
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,510,611 · program services $6,510,611
-
3 · Grants to foreign organizations and individuals
total $41,225 · program services $41,225
-
5 · Compensation of officers, directors and key employees
total $452,599 · program services $117,953 · management and general $188,567 · fundraising $146,079
-
7 · Other salaries and wages
total $1,250,300 · program services $866,722 · management and general $120,352 · fundraising $263,226
-
8 · Pension plan contributions
total $67,885 · program services $48,517 · management and general $6,409 · fundraising $12,959
-
9 · Other employee benefits
total $106,153 · program services $69,476 · management and general $19,793 · fundraising $16,884
-
10 · Payroll taxes
total $118,824 · program services $74,513 · management and general $22,646 · fundraising $21,665
-
11c · Fees: accounting
total $45,748 · management and general $45,748
-
11e · Fees: professional fundraising services
total $11,113 · fundraising $11,113
-
11f · Fees: investment management
total $152,603 · management and general $152,603
-
11g · Fees: other
total $33,336 · program services $22,224 · management and general $11,112
-
12 · Advertising and promotion
total $37,725 · program services $9,431 · fundraising $28,294
-
13 · Office expenses
total $108,430 · program services $62,194 · management and general $22,111 · fundraising $24,125
-
14 · Information technology
total $136,906 · program services $85,852 · management and general $26,092 · fundraising $24,962
-
16 · Occupancy
total $98,564 · program services $61,808 · management and general $18,785 · fundraising $17,971
-
17 · Travel
total $8,476 · program services $8,476
-
19 · Conferences, conventions and meetings
total $62,960 · program services $4,824 · management and general $58,136
-
22 · Depreciation, depletion and amortization
total $7,284 · program services $4,568 · management and general $1,388 · fundraising $1,328
-
23 · Insurance
total $25,920 · program services $16,254 · management and general $4,940 · fundraising $4,726
-
24a · Other expenses: MISCELLANEOUS
total $23,732 · program services $14,882 · management and general $4,523 · fundraising $4,327
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $101 · end of year $100
-
2 · Savings and temporary cash investments
beginning of year $6,584,553 · end of year $6,948,009
-
3 · Pledges and grants receivable
beginning of year $1,707,276 · end of year $1,445,718
-
9 · Prepaid expenses and deferred charges
beginning of year $38,859 · end of year $74,580
-
10a · Land, buildings and equipment: cost or other basis
$718,895
-
10b · Land, buildings and equipment: accumulated depreciation
$712,127
-
10c · Land, buildings and equipment, net
beginning of year $124,053 · end of year $6,768
-
11 · Investments: publicly traded securities
beginning of year $59,710,656 · end of year $66,715,672
-
15 · Other assets
beginning of year $807,102 · end of year $770,901
-
17 · Accounts payable and accrued expenses
beginning of year $236,982 · end of year $288,998
-
18 · Grants payable
beginning of year $6,402,000 · end of year $6,416,046
-
25 · Other liabilities
beginning of year $618,024 · end of year $555,059
-
27 · Net assets without donor restrictions
beginning of year $4,147,575 · end of year $4,667,551
-
28 · Net assets with donor restrictions
beginning of year $57,568,019 · end of year $64,034,094
Mission and programs · 2023
Mission
THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA INSPIRES, ENCOURAGES AND SUPPORTS SANTA BARBARA COUNTY STUDENTS TO AND THROUGH COLLEGE, GRADUATE AND VOCATIONAL SCHOOL BY PROVIDING INFORMATION, ADVISING, AND SCHOLARSHIPS.
Activities or mission (Part I)
INSPIRE, ENCOURAGE & SUPPORT STUDENTS TO AND THROUGH COLLEGE, GRADUATE & VOCATIONAL SCHOOL.
-
THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA HELPS SANTA BARBARA COUNTY STUDENTS ACCESS POSTSECONDARY AND VOCATIONAL EDUCATION THROUGH SCHOLARSHIPS AND FINANCIAL AID ADVISING. IT IS THE NATION'S LARGEST COMMUNITY-BASED PROVIDER OF POSTSECONDARY EDUCATION SCHOLARSHIPS, HAVING CUMULATIVELY AWARDED IN EXCESS OF $150 MILLION TO OVER 62,000 STUDENTS THROUGHOUT SANTA BARBARA COUNTY SINCE ITS FOUNDING IN 1962. IN 2024, THE SCHOLARSHIP FOUNDATION AWARDED $7.1 MILLION TO 1,787 SANTA BARBARA COUNTY STUDENTS. SCHOLARSHIPS FOR UNDERGRADUATES STUDYING AT TWO-YEAR AND FOUR-YEAR COLLEGES AND UNIVERSITIES AVERAGED $3,300. FIFTY PERCENT OF THIS YEAR'S RECIPIENTS ARE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. THE PRIMARY CRITERIA FOR AWARD SELECTION ARE DONOR INTENT, FINANCIAL NEED, POTENTIAL, AND MOTIVATION.
Expenses $7,387,621 · Grants $6,551,836 · Revenue $85,392
-
THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA SERVES MORE THAN 20,000 INDIVIDUALS EACH YEAR THROUGH FINANCIAL AID WORKSHOPS AND INDIVIDUAL APPOINTMENTS. SPECIFICALLY, SCHOLARSHIP FOUNDATION PROGRAM ADVISORS ASSIST STUDENTS WITH SCHOLARSHIP APPLICATIONS, HELP DECIPHER COMPLEX FEDERAL AND STATE FINANCIAL AID FORMS, AND EXPLAIN FINANCIAL AID AWARD LETTERS AND LOAN PROGRAMS, ALL FREE OF CHARGE. OFFICE FINANCIAL AID WORKSHOPS AND PRESENTATIONS TAKE PLACE AT SCHOOLS THROUGHOUT SANTA BARBARA COUNTY. FINANCIAL AID ADVISING APPOINTMENTS ARE AVAILABLE FOR STUDENTS AND THEIR FAMILIES COUNTYWIDE. THE ORGANIZATION EMPLOYS FOUR FULL- TIME BILINGUAL PROGRAM ADVISORS. THANKS TO OUR PROGRAMS TEAM, SCHOLARSHIP FOUNDATION RECIPIENTS RECEIVE TENS OF MILLIONS OF DOLLARS IN ADDITIONAL FEDERAL, STATE, AND INSTITUTIONAL AID EACH YEAR.
Expenses $631,909
As filed on the 2023 return.
Listed in Part VII
-
Mary DwyerMARY DWYER
INTERIM CEO & DIRECTOR
- Total calculated
- $174,717
- From this org
- $166,397
- From related orgs
- $0
- Other
- $8,320
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,397
- Bonus
- $10,000
- Other
- $0
- Deferred
- $8,320
- Nontaxable benefits
- $0
- Filer's total
- $174,717
-
Philip FranklinPHILIP FRANKLIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Danna McGrewDANNA MCGREW
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Pamela GannPAMELA GANN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Joan ArnoldJOAN ARNOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer BrownJENNIFER BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy RansohoffNANCY RANSOHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah ChrismanSARAH CHRISMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David DuronDAVID DURON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janet GarufisJANET GARUFIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Guille Gil-ReynosoGUILLE GIL-REYNOSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alan GriffinALAN GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charlie HuinerCHARLIE HUINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tessa KaganoffTESSA KAGANOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim KnightJIM KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelly KnightKELLY KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aimee MillerAIMEE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Emil NazaretyanEMIL NAZARETYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathy OlearyKATHY OLEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marty PlourdMARTY PLOURD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carrie RandolphCARRIE RANDOLPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer RappJENNIFER RAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay SmithJAY SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tracey SolomonTRACEY SOLOMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt RoweMATT ROWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Arthur SwalleyARTHUR SWALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George ThurlowGEORGE THURLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donna WeidlDONNA WEIDL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael YoungMICHAEL YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melinda CabreraMELINDA CABRERA
PRESIDENT & CEO
- Total calculated
- $85,620
- From this org
- $83,077
- From related orgs
- $0
- Other
- $2,543
- Hours/week
- 40
-
James HutchinsonJAMES HUTCHINSON
CHIEF FINANCIAL OFFICER
- Total calculated
- $178,913
- From this org
- $159,247
- From related orgs
- $0
- Other
- $19,666
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,247
- Bonus
- $0
- Other
- $0
- Deferred
- $19,123
- Nontaxable benefits
- $543
- Filer's total
- $178,913
-
Len SmolburdLEN SMOLBURD
CHIEF PROGRAMS OFFICER
- Total calculated
- $141,103
- From this org
- $122,507
- From related orgs
- $0
- Other
- $18,596
- Hours/week
- 40
-
Tim DoughertyTIM DOUGHERTY
CHIEF COMMUNICATIONS OFFIC
- Total calculated
- $171,648
- From this org
- $143,474
- From related orgs
- $0
- Other
- $28,174
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,474
- Bonus
- $0
- Other
- $0
- Deferred
- $26,921
- Nontaxable benefits
- $1,253
- Filer's total
- $171,648
-
Christie GlanvilleCHRISTIE GLANVILLE
DEVELOPMENT ASSOCIATE
- Total calculated
- $122,739
- From this org
- $122,739
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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CHARITABLE REMAINDER TRUST (4)
FUNDRAISING · CA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349316280
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