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Nonprofiteer
← ERIC AND KELLY SCHWARTZ CHARITABLE TRUST

Form 990 for tax year 2025

Filed by ERIC AND KELLY SCHWARTZ CHARITABLE TRUST.

Totals

Total revenue
$18,002,011
Total expenses
$7,545,027
Contributions and grants received
$17,916,666
Grants paid
$7,310,000
Program service revenue
$0
Investment income
$85,345
Other revenue
$0
Total assets, end of year
$478,460,494
Total liabilities, end of year
$57,405
Net assets or fund balances, end of year
$478,403,089
Program services expenses (Part IX)
$7,310,000
Management and general expenses
$235,027
Fundraising expenses
$0
Program service expenses (Part III)
$7,310,000

Program services were 96.9% 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.

  • 1f · All other contributions, gifts and grants

    $17,916,666

  • 1g · Noncash contributions included above

    $17,916,666

  • 3 · Investment income

    total $85,345 · excluded $85,345

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,310,000 · program services $7,310,000

  • 11a · Fees: management

    total $229,620 · management and general $229,620

  • 11c · Fees: accounting

    total $5,250 · management and general $5,250

  • 11g · Fees: other

    total $157 · management and general $157

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,467,629 · end of year $1,169,958

  • 12 · Investments: other securities

    beginning of year $329,039,888 · end of year $477,290,536

  • 17 · Accounts payable and accrued expenses

    end of year $57,405

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $332,507,517 · end of year $478,403,089

Mission and programs · 2025

Mission

TO SUPPORT THE SANTA BARBARA FOUNDATION

  • TO SUPPORT THE SANTA BARBARA FOUNDATION, THE SUPPORTED ORGANIZATION OF THE ERIC AND KELLY SCHWARTZ CHARITABLE TRUST.

    Expenses $7,310,000 · Grants $7,310,000

As filed on the 2025 return.

Listed in Part VII

  • ERIC SCHWARTZ

    TRUSTEE, PRINCIPAL OFFICER

    Total calculated
    $0
    Hours/week
    1

  • KELLY SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE CARRERA

    TRUSTEE

    Total calculated
    $596,554
    From this org
    $0
    From related orgs
    $503,372
    Other
    $93,182
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $455,118 related
    Bonus
    $0 + $46,964 related
    Other
    $0 + $1,290 related
    Deferred
    $0 + $58,500 related
    Nontaxable benefits
    $0 + $34,682 related
    Filer's total
    $0 + $596,554 related

  • AMY WEBBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD YUBA

    TRUSTEE

    Total calculated
    $317,737
    From this org
    $0
    From related orgs
    $265,845
    Other
    $51,892
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,139 related
    Bonus
    $0 + $11,381 related
    Other
    $0 + $8,325 related
    Deferred
    $0 + $26,506 related
    Nontaxable benefits
    $0 + $25,386 related
    Filer's total
    $0 + $317,737 related

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

The filer's explanations (Part III)

PART I, LINE 3
TRUSTEES ARE NOT COMPENSATED FOR SERVICES PROVIDED TO THE FILING ORGANIZATION. JACQUELINE CARRERA, TRUSTEE, IS PRESIDENT AND CEO OF, AND RECEIVES COMPENSATION FROM, SANTA BARBARA FOUNDATION, THE SUPPORTED ORGANIZATION. SANTA BARBARA FOUNDATION UTILIZES THE FOLLOWING METHODS TO ESTABLISH CEO COMPENSATION: - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
22 September 2026
IRS schema version
2025v4.2
Source object
202612679349301116

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