The Foundation For Santa Barbara City College

Organization Overview

The Foundation For Santa Barbara City College, operating under the name Sbcc Foundation, is located in Santa Barbara, CA. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Sbcc Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sbcc 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, Sbcc Foundation generated $28.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $6.7m during the year ending 06/2021. While expenses have increased by 3.4% 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.

Since 2018, Sbcc Foundation has awarded 14 individual grants totaling $19,190,124. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SBCC FOUNDATION FUELS THE EXCELLENCE OF SANTA BARBARA CITY COLLEGE BY ENGAGING THE COMMUNITY, BUILDING RELATIONSHIPS, AND INVITING THE GENEROSITY OF DONORS. THE RESOURCES RAISED AND MANAGED BY THE FOUNDATION ENRICH COLLEGE PROGRAMS, REMOVE BARRIERS, AND EMPOWER STUDENTS TO SUCCEED.

Describe the Organization's Program Activity:

THE SBCC FOUNDATION PROVIDED $1 MILLION IN SUPPORT TO COLLEGE DEPARTMENTS AND PROGRAMS DURING THE 2020-2021 ACADEMIC YEAR. THESE RESOURCES ALLOW COLLEGE FACULTY, STAFF, AND ADMINISTRATORS TO IMPROVE EXISTING PROGRAMS, EXPERIMENT WITH NEW AND INNOVATIVE APPROACHES, AND ACHIEVE OUTSTANDING ACADEMIC OUTCOMES.


THE SBCC FOUNDATION PROVIDED OVER $1,000,0000 IN DIRECT STUDENT SUPPORT, IN THE FORM OF SCHOLARSHIPS AND BOOKS GRANTS, TO MORE THAN 1,000 STUDENTS IN THE 2020-2021 ACADEMIC YEAR. FOR MANY STUDENTS, THIS SUPPORT CAN MEAN THE DIFFERENCE BETWEEN DROPPING OUT OF COLLEGE AND SUCCESSFULLY COMPLETING A DEGREE, CERTIFICATE, OR TRANSFER PROGRAM. THE SBCC FOUNDATION ALSO CONTINUED TO FUND IMPORTANT STUDENT SUPPORT PROGRAMS THAT SERVE SINGLE-PARENT STUDENTS, UNDER-PREPARED HIGH SCHOOL GRADUATES, AND THOSE RECENTLY RELEASED FROM THE CRIMINAL JUSTICE SYSTEM WHO ARE STARTING COLLEGE. ACCORDING TO THE COLLEGE FUTURES FOUNDATION, SCHOLARSHIPS ALSO HAVE A POSITIVE IMPACT ON STUDENT MATRICULATIONRATES. (CONTINUED ON SCHEDULE O)


THE SBCC FOUNDATION CREATED THE SBCC PROMISE IN 2016, TO MAKE OUR COMMUNITY'S COLLEGE ACCESSIBLE AND AFFORDABLE TO ALL RECENT LOCAL HIGH SCHOOL GRADUATES. THE SBCC PROMISE OFFERS TWO YEARS OF COMPREHENSIVE SUPPORT (COVERING ALL REQUIRED FEES, BOOKS AND SUPPLIES) TO ANY LOCAL STUDENT WHO ENROLLS FULL TIME AT SBCC IN THE FALL OR SPRING SEMESTER FOLLOWING THE COMPLETION OF THEIR SECONDARY EDUCATION WITHIN THE SBCC DISTRICT. IN THE 2020-2021 ACADEMIC YEAR, MORE THAN 1,500 SBCC PROMISE STUDENTS WERE ENROLLED. RESEARCH ON COLLEGE ACHIEVEMENT CORRELATES A STUDENT'S CHANCE OF SUCCESS WITH EARLY ENROLLMENT, FULL-TIME STUDENT STATUS, AND ACCESS TO ACADEMIC COUNSELING AND SUPPORT. THE SBCC PROMISE INCLUDES ALL OF THESE ELEMENTS, PROVIDING $2.5 MILLION IN SUPPORT TO SBCC PROMISE STUDENTS IN THE 2020-2021 ACADEMIC YEAR.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pueblo Construction Inc
Construction
$297,652
Solforce
Disaster Relief
$192,989
Mac Brown Excavating Inc
Disaster Relief
$160,539
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $364,707
All other contributions, gifts, grants, and similar amounts not included above$25,400,433
Noncash contributions included in lines 1a–1f $676,203
Total Revenue from Contributions, Gifts, Grants & Similar$25,765,140
Total Program Service Revenue$0
Investment income $1,831,242
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $842,324
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,568,433

Grants Awarded

Over the last fiscal year, The Foundation For Santa Barbara City College has awarded $9,866,576 in support to 6 organizations.

Grant RecipientAmount

SANTA BARBARA CITY COLLEGE

PURPOSE: TO ASSIST THE COLLEGE IN PROVIDING OUTSTANDING EDUCATIONAL OPPORTUNITIES FOR ALL BY ENRICHING COLLEGE PROGRAMS, REMOVING BARRIERS TO ACCESS, AND EMPOWERING STUDENTS TO SUCCEED.

$3,944,174

SANTA BARBARA CITY COLLEGE

PURPOSE: TO ASSIST THE COLLEGE IN PROVIDING OUTSTANDING EDUCATIONAL OPPORTUNITIES FOR ALL BY ENRICHING COLLEGE PROGRAMS, REMOVING BARRIERS TO ACCESS, AND EMPOWERING STUDENTS TO SUCCEED.

$3,944,174

PARTNERS IN COMMUNITY RENEWAL

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: COMMUNITY RECOVERY EFFORTS FOLLOWING LOCAL DISASTERS.

$965,250

PARTNERS IN COMMUNITY RENEWAL

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: COMMUNITY RECOVERY EFFORTS FOLLOWING LOCAL DISASTERS.

$965,250

SANTA BARBARA BUCKET BRIGADE

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: COMMUNITY RECOVERY EFFORTS FOLLOWING LOCAL DISASTERS.

$23,864

SANTA BARBARA BUCKET BRIGADE

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: COMMUNITY RECOVERY EFFORTS FOLLOWING LOCAL DISASTERS.

$23,864
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Foundation For Santa Barbara City College has recieved totaling $2,000.

Awarding OrganizationAmount
Eugene And Marilyn Stein Family Foundation

La Canada, CA

PURPOSE: ANNUAL FUND

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$51,965,684
Earnings$11,969,496
Net Contributions$454,564
Other Expense$1,116,846
Ending Balance$63,272,898

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