Form 990 for tax year 2024
Filed by MONTECITO COMMUNITY FOUNDATION.
Totals
- Total revenue
- $322,932
- Total expenses
- $137,296
- Contributions and grants received
- $142,572
- Grants paid
- $75,490
- Program service revenue
- $0
- Investment income
- $20,760
- Other revenue
- $159,600
- Total assets, end of year
- $1,563,305
- Total liabilities, end of year
- $26,600
- Net assets or fund balances, end of year
- $1,536,705
- Program services expenses (Part IX)
- $102,267
- Management and general expenses
- $18,553
- Fundraising expenses
- $16,476
- Program service expenses (Part III)
- $102,267
Program services were 74.5% 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
$142,572
-
1g · Noncash contributions included above
$5,169
-
3 · Investment income
total $20,760 · excluded $20,760
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $159,600
-
6c · Rental income or loss
real property $159,600
-
6d · Net rental income or loss
total $159,600 · excluded $159,600
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $67,000 · program services $67,000
-
2 · Grants to domestic individuals
total $8,490 · program services $8,490
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,676 · management and general $6,676
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $3,077 · management and general $3,077
-
11g · Fees: other
total $7,188 · management and general $7,188
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $5,847 · program services $2,495 · management and general $139 · fundraising $3,213
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,473 · management and general $1,473
-
24a · Other expenses: Road Sign Repair expenses
total $24,282 · program services $24,282
-
24b · Other expenses: Fundraising Expenses
total $13,263 · fundraising $13,263
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $181,560 · end of year $30,298
-
2 · Savings and temporary cash investments
beginning of year $1,365 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$655,209
-
10c · Land, buildings and equipment, net
beginning of year $655,209 · end of year $655,209
-
11 · Investments: publicly traded securities
beginning of year $492,916 · end of year $877,798
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
19 · Deferred revenue
beginning of year $26,600 · end of year $26,600
-
27 · Net assets without donor restrictions
beginning of year $1,252,651 · end of year $1,492,917
-
28 · Net assets with donor restrictions
beginning of year $51,799 · end of year $43,788
Mission and programs · 2024
Mission
The purpose of the Montecito Community Foundation is to support a strong Montecito community and serve as a resource for philanthropy.
-
Grant making for MA Beautification, Road Sign Maintenance, Triangle Restoration and Village Fourth.
Expenses $102,267 · Grants $75,490
As filed on the 2024 return.
Listed in Part VII
-
Ruth Green
President
- Total calculated
- $0
- Hours/week
- 1
-
Ambia Clark
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Chana Jackson
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Hugh Boss
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vicki Hazard
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephen M Hicks
Director
- Total calculated
- $0
- Hours/week
- 1
-
George A Isaac
Director
- Total calculated
- $0
- Hours/week
- 1
-
George Ittner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Atanas Ivanov
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alixe Mattingly
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard Nordlund
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Siemens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Withers MD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Crystal Wyatt
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$15,000
Summer camp funding
-
$15,000
ADA improvements
-
$10,000
July 4th celebration
-
$10,000
Trail restoration project
-
$10,000
Pathway project
-
$7,000
MUS classes
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202510949349300031
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.