2024-11-15T13:53:53-06:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 237087774 SCHOLARSHIP FOUNDATION OF SANTA BARBARA SCHO 8056876065 PO BOX 3620 SANTA BARBARA CA 93130 JAMES HUTCHINSON CHIEF FINANCIAL OFFICER 8056876065 2024-11-14 1 0 LAUREN A HAVERLOCK P00545829 8185771900 2024-11-14 2023 2024-10-15 13:58:12Z MELINDA CABRERA PO BOX 3620 SANTA BARBARA CA 93130 28521787 0 X WWW.SBSCHOLARSHIP.ORG X 1962 CA INSPIRE, ENCOURAGE & SUPPORT STUDENTS TO AND THROUGH COLLEGE, GRADUATE & VOCATIONAL SCHOOL. 29 29 20 200 0 0 8378046 7863501 85392 85392 2059882 1811966 -64255 25506 10459065 9786365 6446009 6551836 0 0 1770731 1995761 51497 11113 577659 881710 741684 9149947 9300394 1309118 485971 68972600 75961748 7257006 7260103 61715594 68701645 THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA INSPIRES, ENCOURAGES AND SUPPORTS SANTA BARBARA COUNTY STUDENTS TO AND THROUGH COLLEGE, GRADUATE AND VOCATIONAL SCHOOL BY PROVIDING INFORMATION, ADVISING, AND SCHOLARSHIPS. 0 0 7387621 6551836 85392 THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA HELPS SANTA BARBARA COUNTY STUDENTS ACCESS POSTSECONDARY AND VOCATIONAL EDUCATION THROUGH SCHOLARSHIPS AND FINANCIAL AID ADVISING. IT IS THE NATION'S LARGEST COMMUNITY-BASED PROVIDER OF POSTSECONDARY EDUCATION SCHOLARSHIPS, HAVING CUMULATIVELY AWARDED IN EXCESS OF $150 MILLION TO OVER 62,000 STUDENTS THROUGHOUT SANTA BARBARA COUNTY SINCE ITS FOUNDING IN 1962. IN 2024, THE SCHOLARSHIP FOUNDATION AWARDED $7.1 MILLION TO 1,787 SANTA BARBARA COUNTY STUDENTS. SCHOLARSHIPS FOR UNDERGRADUATES STUDYING AT TWO-YEAR AND FOUR-YEAR COLLEGES AND UNIVERSITIES AVERAGED $3,300. FIFTY PERCENT OF THIS YEAR'S RECIPIENTS ARE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. THE PRIMARY CRITERIA FOR AWARD SELECTION ARE DONOR INTENT, FINANCIAL NEED, POTENTIAL, AND MOTIVATION. 631909 THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA SERVES MORE THAN 20,000 INDIVIDUALS EACH YEAR THROUGH FINANCIAL AID WORKSHOPS AND INDIVIDUAL APPOINTMENTS. SPECIFICALLY, SCHOLARSHIP FOUNDATION PROGRAM ADVISORS ASSIST STUDENTS WITH SCHOLARSHIP APPLICATIONS, HELP DECIPHER COMPLEX FEDERAL AND STATE FINANCIAL AID FORMS, AND EXPLAIN FINANCIAL AID AWARD LETTERS AND LOAN PROGRAMS, ALL FREE OF CHARGE. OFFICE FINANCIAL AID WORKSHOPS AND PRESENTATIONS TAKE PLACE AT SCHOOLS THROUGHOUT SANTA BARBARA COUNTY. FINANCIAL AID ADVISING APPOINTMENTS ARE AVAILABLE FOR STUDENTS AND THEIR FAMILIES COUNTYWIDE. THE ORGANIZATION EMPLOYS FOUR FULL- TIME BILINGUAL PROGRAM ADVISORS. THANKS TO OUR PROGRAMS TEAM, SCHOLARSHIP FOUNDATION RECIPIENTS RECEIVE TENS OF MILLIONS OF DOLLARS IN ADDITIONAL FEDERAL, STATE, AND INSTITUTIONAL AID EACH YEAR. 8019530 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 23 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X CHIEF FINANCIAL OFFICER 8056876065 PO BOX 3620 SANTA BARBARA CA 93130 MARY DWYER INTERIM CEO & DIRECTOR 40.00 X X 166397 0 8320 PHILIP FRANKLIN SECRETARY 3.00 X X 0 0 0 DANNA MCGREW BOARD CHAIR 8.00 X 0 0 0 PAMELA GANN VICE CHAIR 3.00 X 0 0 0 JOAN ARNOLD DIRECTOR 2.00 X 0 0 0 JENNIFER BROWN DIRECTOR 2.00 X 0 0 0 NANCY RANSOHOFF DIRECTOR 2.00 X 0 0 0 SARAH CHRISMAN DIRECTOR 2.00 X 0 0 0 DAVID DURON DIRECTOR 2.00 X 0 0 0 JANET GARUFIS DIRECTOR 2.00 X 0 0 0 GUILLE GIL-REYNOSO DIRECTOR 2.00 X 0 0 0 ALAN GRIFFIN DIRECTOR 2.00 X 0 0 0 CHARLIE HUINER DIRECTOR 2.00 X 0 0 0 TESSA KAGANOFF DIRECTOR 2.00 X 0 0 0 JIM KNIGHT DIRECTOR 2.00 X 0 0 0 KELLY KNIGHT DIRECTOR 2.00 X 0 0 0 AIMEE MILLER DIRECTOR 2.00 X 0 0 0 EMIL NAZARETYAN DIRECTOR 2.00 X 0 0 0 KATHY OLEARY DIRECTOR 2.00 X 0 0 0 MARTY PLOURD DIRECTOR 2.00 X 0 0 0 CARRIE RANDOLPH DIRECTOR 2.00 X 0 0 0 JENNIFER RAPP DIRECTOR 2.00 X 0 0 0 JAY SMITH DIRECTOR 2.00 X 0 0 0 TRACEY SOLOMON DIRECTOR 2.00 X 0 0 0 MATT ROWE DIRECTOR 2.00 X 0 0 0 ARTHUR SWALLEY DIRECTOR 2.00 X 0 0 0 GEORGE THURLOW DIRECTOR 2.00 X 0 0 0 DONNA WEIDL DIRECTOR 2.00 X 0 0 0 MICHAEL YOUNG DIRECTOR 2.00 X 0 0 0 MELINDA CABRERA PRESIDENT & CEO 40.00 X 83077 0 2543 JAMES HUTCHINSON CHIEF FINANCIAL OFFICER 40.00 X 159247 0 19666 LEN SMOLBURD CHIEF PROGRAMS OFFICER 40.00 X 122507 0 18596 TIM DOUGHERTY CHIEF COMMUNICATIONS OFFIC 40.00 X 143474 0 28174 CHRISTIE GLANVILLE DEVELOPMENT ASSOCIATE 30.00 X 122739 0 0 797441 0 77299 5 0 1 0 JP MORGAN PRIVATE BANK 2029 CENTURY PARK E FLOOR 39 LOS ANGELES CA 90067 INVESTMENT MANAGEMENT 145215 1 211063 7652438 112428 7863501 GRANT FOR STUDENT AID SVC 900099 85392 85392 85392 1544489 1544489 42924 42924 18428684 394030 18445237 110000 -16553 284030 267477 267477 131250 211063 180185 -48935 -48935 31517 31517 31517 9786365 85392 0 1837472 6510611 6510611 41225 41225 452599 117953 188567 146079 1250300 866722 120352 263226 67885 48517 6409 12959 106153 69476 19793 16884 118824 74513 22646 21665 45748 45748 11113 11113 152603 152603 33336 22224 11112 37725 9431 28294 108430 62194 22111 24125 136906 85852 26092 24962 98564 61808 18785 17971 8476 8476 62960 4824 58136 7284 4568 1388 1328 25920 16254 4940 4726 MISCELLANEOUS 23732 14882 4523 4327 9300394 8019530 703205 577659 101 100 6584553 6948009 1707276 1445718 38859 74580 718895 712127 124053 6768 59710656 66715672 807102 770901 68972600 75961748 236982 288998 6402000 6416046 618024 555059 7257006 7260103 X 4147575 4667551 57568019 64034094 61715594 68701645 68972600 75961748 X 485971 6497053 3027 X 0 1 X 1 0 X 8229399 7908009 7444548 8378049 7863501 39823506 8229399 7908009 7444548 8378049 7863501 39823506 4475013 35348493 1145397 1361960 1598198 1557727 1587413 7250695 3003 3003 47077204 426960 0.75090 0.75440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55155583 2192677 7390872 2490496 62248636 49691285 3084851 4646547 2267100 55155583 57676947 1414764 -7111630 2288796 49691285 45323611 1270839 13325919 2243422 57676947 42806034 2233453 1086335 802211 45323611 0.00000 0.75000 0.25000 0 0 362106 362106 0 356789 350021 6768 6768 ROU LEASE LIABILITY 555059 555059 X 16133845 6497057 3027 6500084 9633761 152603 152603 9786364 9147792 0 9147792 152603 152603 9300395 PART V, LINE 4: SCHOLARSHIPS AND OPERATING SUPPORT PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE IRC, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. CONTRIBUTIONS TO THE FOUNDATION ARE TAX DEDUCTIBLE TO DONORS UNDER SECTION 170 OF THE IRC. THE FOUNDATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,027. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 20600 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 20625 0 0 0 0 0 0 41225 0 41225 SCHOLARSHIP - EDUCATION EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 4 20600 CHECK SCHOLARSHIP - EDUCATION NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 5 20625 CHECK 0 0 0 0 0 0 PART I, LINE 2: SCHOOL RECORDS OF EACH OF THE AWARDED APPLICANTS ARE REVIEWED TO ENSURE THAT ALL SCHOLARSHIP COMPLIANCE REQUIREMENTS ARE BEING MET. SCHOLARSHIP RECIPIENTS MUST ATTEND SCHOOLS APPROVED FOR FEDERAL FINANCIAL AID BY THE U.S. DEPARTMENT OF EDUCATION. ALL RECIPIENTS MUST SUBMIT THEIR VERIFICATION OF ENROLLMENT BEFORE AWARD PAYMENT IS RELEASED. RECIPIENTS MUST ALSO MAINTAIN A GOOD ACADEMIC STANDING AND MUST SUBMIT A GRADE REPORT OR TRANSCRIPT OUTLINING ACADEMIC PERFORMANCE AND PROGRESS. AWARDS ARE RESCINDED FOR THOSE RECIPIENTS WHO DO NOT MEET THE OUTLINED REQUIREMENTS. PART I, LINE 3: ACCRUAL METHOD SOUTH COAST BUSINESS & TECHNOLOGY 303363 178863 124500 123155 COMMUNITY LEADER'S LUNCHEON 38950 32200 6750 57030 342313 211063 131250 180185 180185 -48935 1 EDUCATIONAL SCHOLARSHIPS - LIST ON FILE AT FOUNDATION 1778 6510611 PART I, LINE 2: SCHOLARSHIP AND LOAN RECIPIENTS MUST ATTEND SCHOOLS APPROVED FOR FEDERAL FINANCIAL AID BY THE U.S. DEPT OF EDUCATION. RECIPIENTS MUST SUBMIT VERIFICATION OF ENROLLMENT BEFORE THE AWARD PAYMENT IS RELEASED. RECIPIENTS MUST ALSO MAINTAIN A GOOD ACADEMIC STANDING AND MUST SUBMIT A GRADE REPORT OR TRANSCRIPT AT THE END OF THE ACADEMIC YEAR. AWARDS ARE CANCELLED FOR RECIPIENTS WHO DO NOT MEET THESE REQUIREMENTS. X X X 0 0 0 0 0 0 0 0 0 JAMES HUTCHINSON CHIEF FINANCIAL OFFICER 159247 0 0 0 0 0 19123 0 543 0 178913 0 0 0 MARY DWYER INTERIM CEO & DIRECTOR 156397 0 10000 0 0 0 8320 0 0 0 174717 0 0 0 TIM DOUGHERTY CHIEF COMMUNICATIONS OFFIC 143474 0 0 0 0 0 26921 0 1253 0 171648 0 0 0 X 7 112428 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A PUBLIC DISCLOSURE COPY OF THE FORM 990 AND RELATED SCHEDULES WERE REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE PRIOR TO THE FILING DATE. THE FORM AND RELATED SCHEDULES WERE E-MAILED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, COMMITTEE MEMBERS, AND STAFF ARE COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ANNUALLY, ALL PERSONS COVERED BY THE POLICY COMPLETE A CONFLICT OF INTEREST DECLARATION AND SUBMIT IT TO THE PRESIDENT AND CEO. IN ADDITION, WHENEVER AN AFFILIATION OR FINANCIAL INTEREST ON THE PART OF A BOARD, COMMITTEE, OR STAFF MEMBER BECOMES RELEVANT TO ANY TRANSACTION REQUIRING BOARD ACTION, THE INTERESTED PARTY MUST COMPLETE A WRITTEN DECLARATION. THE INTERESTED PARTY IS PROHIBITED FROM ADVOCATING ON BEHALF OF HIS OR HER INTEREST, EITHER FORMALLY AT BOARD OR COMMITTEE MEETINGS, OR INFORMALLY THROUGH PRIVATE COMMUNICATION, AND IS NOT PERMITTED TO PARTICIPATE IN THE VOTE CONCERNING THE PROPOSED TRANSACTION. BOARD MEMBERS, COMMITTEE MEMBERS, AND STAFF MUST ALSO DISCLOSE FAMILY MEMBERS OR FRIENDS WHO APPLY FOR STUDENT AID ASSISTANCE AND ARE NOT PERMITTED TO ADVOCATE ON BEHALF OF, OR PARTICIPATE IN THE SELECTION PROCESS FOR A FAMILY MEMBER OR FRIEND. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CFO IS REVIEWED BY THE PRESIDENT & CEO WHO UTILIZES COMPARABILITY DATA FROM OTHER LOCAL NONPROFITS AS WELL AS A SURVEY OF NONPROFIT COMPENSATION IN SOUTHERN CALIFORNIA. THE SALARIES OF THE FOUNDATION STAFF ARE REVIEWED IN AGGREGATE BY THE EXECUTIVE COMMITTEE AS PART OF THE ANNUAL BUDGETING PROCESS. THE COMMITTEE'S RECOMMENDATIONS ARE SUBSEQUENTLY ADOPTED BY THE BOARD OF DIRECTORS WHILE MEETING IN EXECUTIVE SESSION; THE BOARD'S ACTION IS RECORDED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, FORM 990 AND AUDITED FINANCIAL STATEMENTS FOR THE THREE PRIOR FISCAL YEARS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE LOCATION IN SANTA BARBARA. THE BYLAWS, FORM 990 AND THE AUDITED FINANCIAL STATEMENTS FOR THE FIVE PRIOR YEARS ARE POSTED ON THE ORGANIZATION'S WEBSITE. PRINT COPIES OF THESE DOCUMENTS ARE PROVIDED ON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,027. CHARITABLE REMAINDER TRUST (4) PO BOX 3620 SANTA BARBARA CA 93130 FUNDRAISING CA N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0