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← SANTA BARBARA EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by SANTA BARBARA EDUCATION FOUNDATION.

Totals

Total revenue
$2,969,512
Total expenses
$3,729,959
Contributions and grants received
$2,704,743
Grants paid
$0
Program service revenue
$167,110
Investment income
$99,486
Other revenue
-$1,827
Total assets, end of year
$6,489,293
Total liabilities, end of year
$87,521
Net assets or fund balances, end of year
$6,401,772
Program services expenses (Part IX)
$2,860,400
Management and general expenses
$824,906
Fundraising expenses
$44,653
Program service expenses (Part III)
$2,860,400

Program services were 76.7% 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

    $19,750

  • 1f · All other contributions, gifts and grants

    $2,684,993

  • 1g · Noncash contributions included above

    $21,373

  • 2a · Program service revenue: Registration Fees

    total $167,110 · related or exempt $167,110

  • 3 · Investment income

    total $99,486 · related or exempt $99,486

  • 8a · Fundraising events: gross income

    $58,258

  • 8a · Fundraising events: contributions included on line 1c

    $19,750

  • 8b · Fundraising events: direct expenses

    $60,085

  • 8c · Net income from fundraising events

    total -$1,827 · excluded -$1,827

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $202,541 · program services $70,889 · management and general $101,271 · fundraising $30,381

  • 7 · Other salaries and wages

    total $594,819 · program services $200,627 · management and general $394,192

  • 9 · Other employee benefits

    total $67,375 · program services $10,177 · management and general $57,198

  • 10 · Payroll taxes

    total $64,762 · program services $26,578 · management and general $38,184

  • 11b · Fees: legal

    total $5,667 · management and general $5,667

  • 11c · Fees: accounting

    total $41,749 · management and general $41,749

  • 11g · Fees: other

    total $94,668 · program services $60,314 · management and general $31,504 · fundraising $2,850

  • 12 · Advertising and promotion

    total $16,559 · program services $10,836 · management and general $5,508 · fundraising $215

  • 13 · Office expenses

    total $41,573 · program services $7,058 · management and general $32,860 · fundraising $1,655

  • 16 · Occupancy

    total $59,448 · program services $28,331 · management and general $31,117

  • 17 · Travel

    total $57,887 · program services $55,539 · management and general $1,358 · fundraising $990

  • 19 · Conferences, conventions and meetings

    total $27,564 · program services $15,942 · management and general $11,145 · fundraising $477

  • 22 · Depreciation, depletion and amortization

    total $956 · management and general $956

  • 23 · Insurance

    total $36,597 · program services $200 · management and general $36,397

  • 24a · Other expenses: Direct program expendit

    total $2,370,709 · program services $2,370,709

  • 24b · Other expenses: Bad debt

    total $22,667 · management and general $22,667

  • 24c · Other expenses: Printing, postage and c

    total $19,755 · program services $2,249 · management and general $9,425 · fundraising $8,081

  • 24d · Other expenses: Bank service charges

    total $4,663 · program services $951 · management and general $3,708 · fundraising $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $472,742 · end of year $458,061

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,258 · end of year $45,101

  • 10a · Land, buildings and equipment: cost or other basis

    $34,677

  • 10b · Land, buildings and equipment: accumulated depreciation

    $34,677

  • 10c · Land, buildings and equipment, net

    beginning of year $956 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,088,993 · end of year $5,845,732

  • 12 · Investments: other securities

    beginning of year $125,812 · end of year $140,399

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,787 · end of year $87,521

  • 27 · Net assets without donor restrictions

    beginning of year $4,672,711 · end of year $4,630,758

  • 28 · Net assets with donor restrictions

    beginning of year $1,954,263 · end of year $1,771,014

Mission and programs · 2024

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.

  • Santa Barbara Education Foundation serves as an advocate and raises funds to support Santa Barbara Unified School District's 21 schools, to ensure a well rounded education (including arts and music) for all 12,500 students. The Foundation's priorities are literacy, math proficiency and student engagement and also focuses on access to college, the performing arts, mental wellness and early childhood development. The Foundation has provided the campaign leadership for several ballot initiatives that have brought $18 million for classroom enrichment and $110 million for infrastructure improvements.

    Expenses $2,860,400 · Revenue $167,110

As filed on the 2024 return.

Listed in Part VII

  • Mat Gradias

    President

    Total calculated
    $0
    Hours/week
    1

  • Victoria Juarez

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Tisha Ford

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Diana Ciontea

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Melissa White

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Elke Kane

    Member

    Total calculated
    $0
    Hours/week
    1

  • Roxane Bryne

    Member

    Total calculated
    $0
    Hours/week
    1

  • Isis Castaneda

    Member

    Total calculated
    $0
    Hours/week
    1

  • Eva Maria Catalan

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Milem

    Member

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Ramirez-Zarate

    Member

    Total calculated
    $0
    Hours/week
    1

  • Beth Rogers

    Member

    Total calculated
    $0
    Hours/week
    1

  • Donna Ronzone

    Member

    Total calculated
    $0
    Hours/week
    1

  • Pedro Paz

    Executive Director

    Total calculated
    $152,566
    From this org
    $134,950
    From related orgs
    $0
    Other
    $17,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,950
    Bonus
    $0
    Other
    $0
    Deferred
    $3,991
    Nontaxable benefits
    $13,625
    Filer's total
    $152,566

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

None.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349313130

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