Santa Barbara Public Library Foundation
- Assets
- $3.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Santa Barbara, CA
- Founding
- 12/2012
- Data as of
- 06/2021
- EIN
- 46-0750188
Organization Overview
Santa Barbara Public Library Foundation is located in Santa Barbara, CA. The organization was established in 2012. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Public Library 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, Santa Barbara Public Library Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $306.1k during the year ending 06/2021. While expenses have increased by 20.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 PURPOSE OF THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION (THE FOUNDATION) IS TO BRING TOGETHER PERSONS INTERESTED IN STIMULATING PUBLIC SUPPORT, UNDERSTANDING AND USE OF THE CITY OF SANTA BARBARA PUBLIC LIBRARY (CENTRAL AND EASTSIDE LIBRARIES) (THE LIBRARY); TO ENCOURAGE AND RECEIVE GIFTS, ENDOWMENTS AND BEQUESTS FOR THE BENEFIT OF THE LIBRARY; AND TO SUPPORT ANDCOOPERATE WITH THE LIBRARY'S REPRESENTATIVES IN DEVELOPING SERVICES ANDPROGRAMS FOR THE LIBRARY. THE CURRENT PROJECTS ARE: 1) LIBRARY PLAZA 2) A TEEN CENTER 3)EXTERIOR ENHACEMENTS 4) SECOND FLOOR PATIO 5) CHILDREN'S LIBRARY ENDOWMENT. THE FOUNDATION DOES NOT CURRENTLY OFFERSPECIFIC SERVICES OR PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION SUPPORTS THE SANTA BARBARA PUBLIC LIBRARY BY FUNDING LARGE-SCALE INITIATIVES. THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION WAS CREATED AS AN INDEPENDENT FUNDING ORGANIZATION IN 2012 TO SERVE THE TWO CITY LIBRARIES, CENTRAL AND EASTSIDE. WE OPEN DOORS FOR THE COMMUNITY BY OFFERING CRITICAL SUPPORT TO THE SANTA BARBARA PUBLIC LIBRARY.
THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION SUPPORTS THE SANTA BARBARA PUBLIC LIBRARY BY FUNDING LARGE-SCALE INITIATIVES. THE SANTA BARBARA PUBLIC LIBRARY FOUNDATION WAS CREATED AS AN INDEPENDENT FUNDING ORGANIZATION IN 2012 TO SERVE THE TWO CITY LIBRARIES, CENTRAL AND EASTSIDE. WE OPEN DOORS FOR THE COMMUNITY BY OFFERING CRITICAL SUPPORT TO THE SANTA BARBARA PUBLIC LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Trujillo Foundation Director | Officer | 40 | $85,000 |
Brooke Mcdermott Treasurer | OfficerTrustee | 2 | $0 |
Emily Engel Vice President | OfficerTrustee | 2 | $0 |
Anne Howard President | OfficerTrustee | 3 | $0 |
Jim Sterne Secretary | OfficerTrustee | 2 | $0 |
Roy Martinez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,252,969 |
| Noncash contributions included in lines 1a–1f | $66,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,252,969 |
| Total Program Service Revenue | $0 |
| Investment income | $25,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,440,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,942 |
| 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. | $71,538 |
| Compensation of current officers, directors, key employees. | $71,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74 |
| Fees for services: Accounting | $7,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,992 |
| Fees for services: Other | $90,668 |
| Advertising and promotion | $10,687 |
| Office expenses | $8,127 |
| Information technology | $3,035 |
| 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 | $7 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,422 |
| All other expenses | $0 |
| Total functional expenses | $306,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $102,800 |
| Accounts receivable, net | $0 |
| 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 | $2,235,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,946 |
| Total assets | $3,473,358 |
| Accounts payable and accrued expenses | $2,498 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $2,498 |
| Net assets without donor restrictions | $98,848 |
| Net assets with donor restrictions | $3,372,012 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,473,358 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Santa Barbara Public Library Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Gracie Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $1,959,786 |
| Earnings | $188,106 |
| Admin Expense | $10,992 |
| Net Contributions | $1,421,722 |
| Other Expense | $186,610 |
| Ending Balance | $3,372,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bardeen Partners Inc Irvine, CA | $221,953,090 | $8,491,991 |
Eic Qalicb Inc San Jose, CA | $0 | $8,365,569 |
Auxilium Inc Phoenix, AZ | $534,753 | $1,963,687 |
Bishop Gorman Development Corporation Las Vegas, NV | $36,116,294 | $2,816,340 |
County Of Mono Economic Development Corporation Bridgeport, CA | $20,790,900 | $998,764 |
Oregon State Capitol Foundation Salem, OR | $1,845,972 | $632,873 |
Inland Empire Community Collaborative San Bernardino, CA | $718,042 | $825,568 |
Natan Foundation La Jolla, CA | $5,304,765 | $504,348 |
Mendocino County Public Facilities Corporation Ukiah, CA | $38,712,393 | $1,864,827 |
The American Friends Of The Citizens Empowerment Ctr In Israel Beverly Hills, CA | $1,447 | $561,000 |
Santa Barbara Public Library Foundation Santa Barbara, CA | $3,473,358 | $1,440,574 |
Wisdom & Money Menlo Park, CA | $331,968 | $428,077 |