B & B Foundation
- Assets
- $1.7m
- Revenue
- $55.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 09/1993
- Data as of
- 06/2023
- EIN
- 95-4419555
Organization Overview
B & B Foundation is located in Santa Barbara, CA. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B & B 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 06/2023, B & B Foundation generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $145.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, B & B Foundation has awarded 179 individual grants totaling $423,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Geiger III Chief Financial Officer | 0.25 | $0 | |
Debra P Geiger Secretary | 0.25 | $0 | |
Devon G Nielsen President | 0.25 | $0 | |
Elizabeth H Geiger Chairman | 0.25 | $0 | |
Eliot C Crowley Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,644 |
| Dividends & Interest | $48,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,910 |
| Capital Gain Net Income | $1,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $525 |
| Total operating and administrative expenses | $15,116 |
| Contributions, gifts, grants paid | $130,500 |
| Total expenses and disbursements | $145,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $314,387 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,152 |
| Total assets | $1,652,953 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, B & B Foundation has awarded $130,500 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
BIG SKY COMMUNITY ORGANIZATION PURPOSE: SOCIAL ACTION-PUBLIC BENEFIT | $5,000 |
CALM PURPOSE: HEALTH-PATIENT & FAMILY SUPPORT | $2,250 |
CANCER CENTER OF SANTA BARBARA PURPOSE: MEDIALDENTAL-RESEARCH & DEVEL | $3,500 |
CASA SERENA PURPOSE: HEALTH-PATIENT & FAMILY SUPPORT | $500 |
CATE SCHOOL PURPOSE: EDUCATIONAL INSTITUTIONS | $500 |
COMMUNITY ENVIRONMENTAL COUNCIL INC PURPOSE: ENVIRONMENT-ANIMALS & WILDLIFE | $2,000 |