Santa Barbara Bowl Foundation
- Assets
- $45.4m
- Revenue
- $3.0m
- Investments
- $541.7k
- Employees
- 14
- Location
- Santa Barbara, CA
- Founding
- 07/1988
- Data as of
- 12/2020
- EIN
- 95-3618955
Organization Overview
Santa Barbara Bowl Foundation is located in Santa Barbara, CA. The organization was established in 1988. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Santa Barbara Bowl Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Bowl 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 12/2020, Santa Barbara Bowl Foundation generated $3.0m 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 (7.4%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Santa Barbara Bowl Foundation has awarded 130 individual grants totaling $1,405,488. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, MAINTAIN, AND RENOVATE THE SANTA BARBARA BOWL, A HISTORIC OUTDOOR CONCERT VENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING ARTS: THE SANTA BARBARA BOWL FOUNDATION IS LED BY DEDICATED VOLUNTEERS AND STAFF TO OPERATE THE SANTA BARBARA BOWL, A PREEMINENT OUTDOOR PERFORMING ARTS VENUE, TYPICALLY HOSTING APPROXIMATELY 35 SHOWS AND OVER 120,000 PATRONS ANNUALLY. FOLLOWING A $40 MILLION RENOVATION AND RESTORATION EFFORT, THE FOUNDATION CONTINUES TO RAISE FUNDS TO PROTECT THE COMMUNITY'S INVESTMENT AND STAY AT THE FOREFRONT OF TECHNOLOGY, AUDIENCE SAFETY AND AMENITIES. THE FOUNDATION ALSO RAISES FUNDS FOR OUTREACH PROGRAMMING AND ENDOWMENT TO PROVIDE NEED-BASED SUPPORT, RESOURCES, AND ADVOCACY TO MUSIC AND PERFORMING ARTS EDUCATION PROGRAMS BENEFITING LOCAL SCHOOL CHILDREN. AFTER CLOSURE IN 2020 DUE TO COVID-19, THE FOUNDATION RESUMED OPERATIONS OF THE BOWL AND SAW INCREASED PROGRAM REVENUE IN 2021.
OUTREACH PROGRAM: THE SANTA BARBARA BOWL FOUNDATION IS A RESPECTED PARTNER IN THE PERFORMING ARTS EDUCATION COMMUNITY IN THE GREATER SANTA BARBARA AREA, TYPICALLY REACHING APPROXIMATELY 20,000 SCHOOL CHILDREN ANNUALLY. ITS PROGRAMS INCLUDE SUPPORTING THE ARTS COMMUNITY BY PROVIDING NEED-BASED SUPPORT TO THE ARTS EDUCATION PROGRAMS, SUPPORTING COMMUNITY ACCESS TO THE PERFORMING ARTS, AND SERVING AS AN ARTS ADVOCATE IN THE COMMUNITY. THE FOUNDATION ITSELF COMMITS $1.00 PER PAID TICKET TO THE OUTREACH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Boller Executive Director & CEO | Officer | 40 | $171,021 |
Eric Shiflett Program Director | 40 | $125,533 | |
Andrew Gardner Business Manager | 40 | $102,993 | |
Karen Kerns Vice Chair (through End Of 2021) | OfficerTrustee | 10 | $0 |
Carola Nicholson Treasurer (through End Of 2021) | OfficerTrustee | 10 | $0 |
Charles T Plough III Chair (through End Of 2021) | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ven Cal Coast Painting Inc Painting Contractor | 12/30/21 | $210,626 |
Diani Building Corp Building Contractor | 12/30/21 | $1,325,542 |
Miller Event Management Security Contractor | 12/30/21 | $322,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,057,841 |
| Investment income | $343,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $535 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,991,318 |
| Statement of Expenses | |
|---|---|
| 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. | $197,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $814,103 |
| Pension plan accruals and contributions | $35,789 |
| Other employee benefits | $72,152 |
| Payroll taxes | $71,814 |
| Fees for services: Management | $9,367 |
| Fees for services: Legal | $623 |
| Fees for services: Accounting | $44,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,814 |
| Fees for services: Other | $118,273 |
| Advertising and promotion | $38,202 |
| Office expenses | $60,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240,185 |
| Travel | $1,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,144,920 |
| Insurance | $88,524 |
| All other expenses | $0 |
| Total functional expenses | $3,334,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,282 |
| Savings and temporary cash investments | $3,814,431 |
| Pledges and grants receivable | $2,596,635 |
| 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 |
| Investments—publicly traded securities | $8,656,507 |
| Investments—other securities | $541,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,252 |
| Total assets | $45,351,353 |
| Accounts payable and accrued expenses | $513,758 |
| Grants payable | $0 |
| Deferred revenue | $954,680 |
| 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 | $1,468,438 |
| 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 |
| Total liabilities and net assets/fund balances | $43,882,915 |
Grants Awarded
Over the last fiscal year, Santa Barbara Bowl Foundation has awarded $172,840 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: OUTREACH GRANT | $15,000 |
Santa Barbara, CA PURPOSE: OUTREACH GRANT | $15,000 |
Santa Barbara, CA PURPOSE: OUTREACH GRANT | $15,000 |
Orcutt, CA PURPOSE: OUTREACH GRANT | $13,640 |
Santa Barbara, CA PURPOSE: OUTREACH GRANT | $13,500 |
Santa Barbara, CA PURPOSE: OUTREACH GRANT | $10,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Santa Barbara Bowl Foundation has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Bentson Foundation Wayzata, MN PURPOSE: GENERAL | $70,000 |
Endowment Analysis
| Beg. Balance | $8,709,703 |
| Earnings | $465,834 |
| Net Contributions | $250,000 |
| Ending Balance | $9,425,537 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiesta Events Inc Scottsdale, AZ | $1,392,711 | $3,617,988 |
Chrims Inc Pleasanton, CA | $2,291,347 | $3,960,198 |
Santa Barbara Bowl Foundation Santa Barbara, CA | $45,351,353 | $2,991,318 |
Next Level Sports Foundation Inc San Mateo, CA | $280,995 | $2,705,458 |
Mountain View Volleyball Club Inc Sunnyvale, CA | $1,509,696 | $2,260,861 |
Rancho Penasquitos Tennis Association Inc San Diego, CA | $250,274 | $1,054,878 |
Niroga Institute Oakland, CA | $1,448,483 | $1,552,180 |
World Players Of Handball Foundation Tucson, AZ | $166,054 | $872,973 |
Crpa Foundation Fullerton, CA | $2,336,355 | $680,661 |
Bay Area Womens Sports Initiative Inc San Jose, CA | $1,221,193 | $1,319,678 |
Richmond Police Activities League Richmond, CA | $6,109,978 | $845,284 |
Bikeshare Hawaii Honolulu, HI | $1,024,934 | $346,147 |