Overview
What is The Terrace Foundation?
The Terrace Foundation is a nonprofit organization situated in Santa Barbara, California. Their primary mission is to combat food deserts in underserved, low-income communities by promoting sustainable farming and nutrition education. They achieve this through various programs, such as Vets2Farmers, which trains veterans to become self-sufficient farmers. Farms4Heros is an inner-city program that utilizes urban spaces for gardening, providing income, job training, and education. Their food distribution initiative supplies fresh, healthy produce to designated food deserts within Santa Barbara, like the Lower Eastside and Lower Westside neighborhoods. The Terrace Foundation also supports CalFresh recipients by offering under-market-rate produce. The Children's Education program aims to instill sustainable living principles in low-income children. Additionally, they operate an organic farm, CSA program, and provide produce to local food banks and seniors. Their mission is to teach communities how to live sustainably, own their food supply, and combat food-related diseases.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
The Terrace Foundation has received a two-star rating, indicating it needs improvement in certain areas. While it excels in accountability and finance with a perfect score of 100%, it suffers from a high liabilities to assets ratio of 313.52%, which raises concerns about its financial stability. The organization does well in having an independent board, with 80% of its members being independent and no material diversion of assets reported.
Strengths of The Terrace Foundation include its adherence to policies such as conflict of interest and document retention, both of which score well. However, the absence of a whistleblower policy is a notable gap in its governance framework. This lack of a whistleblower policy may hinder transparency and the ability for staff or stakeholders to report concerns without fear of retaliation.
Overall, while The Terrace Foundation demonstrates strong accountability practices, the financial ratios and missing policies highlight areas for improvement that could enhance its overall effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Terrace Foundation legitimate?
The Terrace Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Terrace Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,637
Professional Fundraising Fees: $0
Other Salaries and Wages: $241,183
For more financial information, click here
What is the mission statement of The Terrace Foundation?
The Terrace Foundation's mission is centered around abolishing food deserts in underprivileged, low-income communities. It aims to achieve this by fostering the next generation of farmers and ensuring access to nutritious, fresh produce for the underrepresented population. The foundation achieves this goal through educational initiatives, teaching children and adults sustainable living practices, self-sufficiency in food supply, and combating food-related illnesses such as diabetes, heart disease, and strokes. By doing so, The Terrace Foundation aims to improve the overall health and well-being of its target community.
Who is the CEO of The Terrace Foundation?
Samantha Anderson is the President of The Terrace Foundation.
What is the revenue of The Terrace Foundation?
The Terrace Foundation's revenue in 2022 was $483,186.
Who are the executives of The Terrace Foundation and what are their salaries?
The average compensation at The Terrace Foundation during 2022 was $18,401. There are 17 employees and 13 volunteers at The Terrace Foundation.
Here are 6 key members and their salaries:
- Compensation: $57,482
- Related: $33,499
- Other: $7,992
- Compensation: $14,155
- Related: $44,800
- Other: $7,992
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Terrace Foundation?
The Terrace Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Terrace Foundation
The Terrace Foundation, a nonprofit organization, is dedicated to eradicating food deserts in underserved low-income communities. Its primary goal is twofold: firstly, to nurture the next generation of farmers, and secondly, to provide access to healthy, fresh produce for underrepresented populations. To achieve these objectives, the foundation emphasizes education as its primary tool. Through its educational programs, it aims to teach both children and adults to live sustainably, empowering them to take control of their food supply. By doing so, The Terrace Foundation hopes to combat food-related illnesses such as diabetes, heart disease, and strokes. In essence, the mission of The Terrace Foundation is to address food insecurity, promote sustainable living, and improve the overall health of underserved communities by fostering a new generation of farmers and providing them with nutritious produce.
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Impact
July, 2024
The Terrace Foundation's impact is significant in combating food deserts in underserved low-income communities, fostering the next generation of farmers, and providing healthy fresh produce to underrepresented populations. Through various programs such as Vets2Farmers, Farms4Heros, Food Distribution, CalFresh, Comida Fresca, EBT acceptance, Children's Education, and the Community Supported Agriculture program, the foundation is making a tangible difference in the lives of those in need. They have distributed thousands of pounds of locally grown produce to the community, provided farm education to children, facilitated access to fresh produce in neighborhoods lacking it, and collaborated with other organizations to promote nutrition education and combat food-related illnesses. Overall, The Terrace Foundation is working tirelessly to promote sustainability, food security, and health in Santa Barbara and beyond.
This information is meant to be a general summary of The Terrace Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $24,433
- Gross Receipts: $483,186
Assets and Liabilities:
- Total Assets: $53,082
- Total Liabilities: $166,430
- Net Assets: -$113,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GARDEN PROGRAM INCOME
Revenue
$24,433
Organization Details
Founding Year
2017
Phone
(805) 682-3618Principal Officer
Samantha Anderson
Main Address
1219 STATE STREET A, SANTA BARBARA, CA, 93101
NTEE Category
Code: K40 - Food
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