Uc Santa Barbara Foundation
- Assets
- $437.9m
- Revenue
- $38.7m
- Investments
- $34.8m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 23-7314834
Organization Overview
Uc Santa Barbara Foundation is located in Santa Barbara, CA. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uc Santa Barbara Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Uc Santa Barbara Foundation generated $38.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $22.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UC SANTA BARBARA FOUNDATION IS A NON -PROFIT, PUBLIC-BENEFIT CORPORATION ORGANIZED TO RAISE, ACCEPT, AND ADMINISTER PRIVATE GIFTS AND GRANTS TO UC SANTA BARBARA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY PROGRAMS/OTHER DISBURSEMENTS. FUNDS ARE PROVIDED TO THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA WHICH ASSUMES FIDUCIARY RESPONSIBILITY FOR ACTUAL DISBURSEMENT FOR DEPARTMENT SUPPORT, INSTRUCTORS, RESEARCH AND SPECIAL PROJECTS.
SCHOLARSHIPS AND AWARDS MONIES WERE TRANSFERRED FROM THE UC SANTA BARBARA FOUNDATION TO THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA IN SUPPORT OF SCHOLARSHIPS AND AWARDS. THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA ASSUMES FIDUCIARY RESPONSIBILITY FOR AWARDING AND ADMINISTERING THE FUNDS.
THE FOUNDATION RAISES, RECORDS AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, ORGANIZATIONS AND FOUNDATIONS FOR THE SOLE BENEFIT OF UC SANTA BARBARA IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF AWARDS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UC SANTA BARBARA TO REIMBURSE FOR PERSONNEL SERVICES AND USE OF FACILITIES PROVIDED TO THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Elings Wells Chair | OfficerTrustee | 5 | $0 |
Richard L Breaux Past Chair & Nominations Chair | OfficerTrustee | 5 | $0 |
Christian Treitler CFO | OfficerTrustee | 8 | $0 |
Dr Paula Y Bruice Vc Development | OfficerTrustee | 5 | $0 |
Gary E Erickson Vc Donor Relations | OfficerTrustee | 5 | $0 |
Steven C Mendell Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,058 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,135,163 |
| Noncash contributions included in lines 1a–1f | $5,307,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,136,221 |
| Total Program Service Revenue | $0 |
| Investment income | $2,445,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $320 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,670,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,936,911 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,933 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,953 |
| Information technology | $26,103 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | -$549 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,543,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,711 |
| Savings and temporary cash investments | $1,532,984 |
| Pledges and grants receivable | $8,257,014 |
| Accounts receivable, net | $802,102 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $392,420,005 |
| Investments—other securities | $34,791,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $437,897,761 |
| Accounts payable and accrued expenses | $543,751 |
| Grants payable | $0 |
| Deferred revenue | $11,853,178 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,022,451 |
| Total liabilities | $29,419,380 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $408,478,381 |
| Total liabilities and net assets/fund balances | $437,897,761 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Uc Santa Barbara Foundation has recieved totaling $42,500.
| Awarding Organization | Amount |
|---|---|
Favrot Fund Houston, TX PURPOSE: THE UCSB FOUNDATION MANAGES FUNDS TO SUPPORT THE EDUCATIONAL MISSION AND PROGRAMS OF THE UNIVERSITY OF CALIFORNIA, SANTA BARBARA. THE PURPOSE OF THE GRANT IS TO PROVIDE FUNDS TO SUPPORT THE GRADUATE ENRICHMENT FUND FOR GRADUATE STUDENTS IN THE DEPARTMENT OF HISTORY OF ART AND ARCHITECTURE PROVIDING RESEARCH FUNDS TO ADVANCE THEIR PROFESSIONAL DEVELOPMENT. | $40,000 |
Zwick Foundation Inc Dallas, TX PURPOSE: GENERAL PURPOSE | $2,000 |
B J & H Y Li Family Foundation Nonprofit Corporation San Jose, CA PURPOSE: EDUCATIONAL | $500 |
Endowment Analysis
| Beg. Balance | $377,817,408 |
| Earnings | -$28,258,055 |
| Admin Expense | $796,387 |
| Net Contributions | $13,558,064 |
| Other Expense | $8,015,714 |
| Grants | $1,929,331 |
| Ending Balance | $352,375,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
U Of O Foundation Supporting Organization Eugene, OR | $394,248,848 | $33,595,955 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |
Campanile Foundation San Diego, CA | $517,706,793 | $63,277,722 |
Csula Auxiliary Services Inc Los Angeles, CA | $54,210,339 | $35,550,804 |