Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $368,736

• 1d · Related organizations

  $45,000

• 1e · Government grants (contributions)

  $30,000

• 1f · All other contributions, gifts and grants

  $3,438,890

• 1g · Noncash contributions included above

  $15,571

• 3 · Investment income

  total $3,647,645 · unrelated business -$508 · excluded $3,648,153

• 7a · Gross sales of assets other than inventory

  securities $12,336,606

• 7b · Less cost or other basis and sales expenses

  securities $12,743,742

• 7c · Gain or loss

  securities -$407,136

• 7d · Net gain or loss

  total -$407,136 · excluded -$407,136

• 8a · Fundraising events: gross income

  $28,545

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

  $368,736

• 8b · Fundraising events: direct expenses

  $208,532

• 8c · Net income from fundraising events

  total -$179,987 · excluded -$179,987

• 11a · Other revenue: OTHER INCOME

  total $368,951 · excluded $368,951

• 11e · Other revenue, total

  $368,951

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,811,319 · program services $3,811,319

• 2 · Grants to domestic individuals

  total $953,692 · program services $953,692

• 5 · Compensation of officers, directors and key employees

  total $477,768 · program services $134,502 · management and general $222,788 · fundraising $120,478

• 7 · Other salaries and wages

  total $888,389 · program services $237,804 · management and general $367,796 · fundraising $282,789

• 8 · Pension plan contributions

  total $61,962 · program services $16,854 · management and general $26,581 · fundraising $18,527

• 9 · Other employee benefits

  total $199,292 · program services $54,046 · management and general $80,522 · fundraising $64,724

• 10 · Payroll taxes

  total $96,427 · program services $26,268 · management and general $41,333 · fundraising $28,826

• 11a · Fees: management

  total $2,875 · management and general $2,875

• 11b · Fees: legal

  total $13,923 · management and general $13,923

• 11c · Fees: accounting

  total $45,407 · management and general $45,407

• 11f · Fees: investment management

  total $289,519 · management and general $289,519

• 12 · Advertising and promotion

  total $178,058 · fundraising $178,058

• 13 · Office expenses

  total $36,266 · management and general $27,919 · fundraising $8,347

• 14 · Information technology

  total $20,198 · management and general $20,198

• 19 · Conferences, conventions and meetings

  total $35,023 · management and general $35,023

• 22 · Depreciation, depletion and amortization

  total $14,851 · management and general $14,851

• 23 · Insurance

  total $9,015 · management and general $9,015

• 24a · Other expenses: DONOR CULTIVATION

  total $36,145 · fundraising $36,145

• 24b · Other expenses: TEMPORARY HELP

  total $26,789 · program services $26,485 · management and general $304

• 24c · Other expenses: EQUIPMENT RENTAL

  total $5,851 · management and general $5,851

• 24d · Other expenses: PRINTING AND POSTAGE

  total $1,298 · management and general $1,298

• 24e · All other expenses

  total $39,276 · management and general $39,276

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,706,851 · end of year $1,230,864

• 2 · Savings and temporary cash investments

  beginning of year $7,673,658 · end of year $8,060,662

• 3 · Pledges and grants receivable

  beginning of year $1,770,400 · end of year $1,248,919

• 4 · Accounts receivable

  beginning of year $0 · end of year $63,086

• 9 · Prepaid expenses and deferred charges

  beginning of year $54,393 · end of year $71,571

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

  $368,626

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

  $340,714

• 10c · Land, buildings and equipment, net

  beginning of year $29,235 · end of year $27,912

• 11 · Investments: publicly traded securities

  beginning of year $46,901,295 · end of year $56,601,322

• 12 · Investments: other securities

  beginning of year $8,162,796 · end of year $9,754,194

• 13 · Investments: program-related

  beginning of year $8,159,911 · end of year $7,760,718

• 15 · Other assets

  beginning of year $9,270,976 · end of year $3,929,635

• 17 · Accounts payable and accrued expenses

  beginning of year $992,416 · end of year $1,490,455

• 18 · Grants payable

  beginning of year $1,782,450 · end of year $2,649,700

• 25 · Other liabilities

  beginning of year $631,585 · end of year $509,494

• 27 · Net assets without donor restrictions

  beginning of year $17,317,857 · end of year $16,945,115

• 28 · Net assets with donor restrictions

  beginning of year $64,005,207 · end of year $67,154,119

The filer's explanations (Part III)

PART I, LINE 7

DISCRETIONARY BASED BONUSES WERE AWARDED DURING THE YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 525 ANACAPA LLC

  OWN, MANAGE, AND LEASE TO SBCC FOR EDUCATION AND CHARITABLE PURPOSES · CA · income $0 · assets $10,000

  Directly controlled by THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MONTECITO ESTATE MANAGEMENT LLC

  PROPERTY MANAGEMENT · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MEM EMPLOYEE OWNERSHIP TRUST UDT DATED AUGUST 3 2022

  T · EMPLOYEE OWNERSHIP TRUST · CA · controlled entity

  Directly controlled by SANTA BARBARA CITY COLLEGE FOUNDATION