Overview
What is The Foundation For Santa Barbara City College?
The Santa Barbara City College Foundation is a 501C3 nonprofit organization, working in partnership with SBCC, that engages the community, builds relationships, and invites donor generosity. With approximately 5 million dollars granted annually, the foundation enhances college programs by providing resources to faculty, staff, and administrators. These funds enable the improvement of existing programs, exploration of new approaches, and the achievement of exceptional academic results. The foundation's efforts support students as they pursue careers, transfer to universities, and strive for lifelong learning goals. The SBCC Promise, initiated in 2016, offers local high school graduates the opportunity to attend SBCC full-time at no cost, relying entirely on private support to cover required fees, books, and supplies for up to two years. To date, over 6,500 students have participated in this program.
Official website here: www.sbccfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 98%, Four-Star out of Four Star rating.
The Foundation for Santa Barbara City College has achieved an impressive rating of 98%, which reflects high accountability and financial management. With a perfect score of 100 in Accountability & Finance, the organization demonstrates exemplary oversight practices, transparent reporting, and effective governance structures, including a largely independent board. These attributes enhance the foundation's credibility and trustworthiness among stakeholders.
Strengths of the foundation include a strong program expense ratio of 76.89%, indicating that a significant portion of its funds directly supports its programs. Additionally, the organization has shown financial stability, evidenced by a low liabilities to assets ratio and an exceptional working capital ratio of 10.55 years. This suggests that the foundation is well-positioned to meet its obligations and sustain its operations long-term.
However, while the organization has a solid score in culture and community at 81, this area may present opportunities for further development. The foundation has reported efforts to implement five equity practices, indicating a commitment to enhancing its inclusivity and community engagement. Continued focus on these aspects could further improve its overall effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Foundation For Santa Barbara City College?
100% of 11 reviewers on Facebook recommend The Foundation For Santa Barbara City College. Here’s a summary of their reviews:
Supporters express great appreciation for the college and its offerings, highlighting the excellent educational experience it provides to students. Many feel fortunate to have such a resource in their community, underscoring its value as an international educational institution known even in places like Sweden.
Overall, the sentiment is overwhelmingly positive, as users recognize the impact of the foundation and the college on students’ lives and education, indicating a strong community support for its mission.
This AI summary has been generated from reviews found on Facebook.
Is The Foundation For Santa Barbara City College legitimate?
The Foundation For Santa Barbara City College is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Santa Barbara City College 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: $396,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $819,878
For more financial information, click here
Official website here: www.sbccfoundation.org
What is the mission statement of The Foundation For Santa Barbara City College?
The Santa Barbara City College Foundation functions as a non-profit organization that supports SBCC by engaging the community, fostering relationships, and encouraging donor generosity. Annually, they distribute around five million dollars towards student success programs, scholarships, book grants, emergency funds, and college needs. For over four decades, the resources managed by the foundation have facilitated the achievement of career goals, university transfers, and lifelong learning for SBCC students. In 2016, the foundation introduced the SBCC Promise, which offers local high school graduates the opportunity to attend SBCC full-time tuition-free, covering all required fees, books, and supplies for up to two years. Over 6,500 students have benefited from the SBCC Promise to date.
Official website here: www.sbccfoundation.org
Who is the CEO of The Foundation For Santa Barbara City College?
Geoff Green is the Ex-Officio - Sbcc of The Foundation For Santa Barbara City College. The CEO's salary of The Foundation For Santa Barbara City College is $219,945 and their total compensation is $252,299.
Official website here: www.sbccfoundation.org
What is the revenue of The Foundation For Santa Barbara City College?
The Foundation For Santa Barbara City College's revenue in 2022 was $11,936,703.
Official website here: www.sbccfoundation.org
Who are the executives of The Foundation For Santa Barbara City College and what are their salaries?
The average compensation at The Foundation For Santa Barbara City College during 2022 was $76,015. There are 16 employees and 25 volunteers at The Foundation For Santa Barbara City College.
Here are 29 key members and their salaries (The Foundation For Santa Barbara City College's CEO's salary is $219,945 and their total compensation is $252,299):
- Compensation: $0
- Related: $185,724
- Other: $21,329
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- Related: $168,406
- Other: $9,103
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- Other: $24,638
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- Related: $153,720
- Other: $11,004
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- Related: $119,470
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- Related: $107,832
- Other: $10,185
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- Related: $45,000
- Other: $0
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- Related: $4,800
- Other: $21,787
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- Compensation: $219,945
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- Other: $32,354
- Compensation: $108,848
- Related: $0
- Other: $27,016
- Compensation: $154,867
- Related: $0
- Other: $14,628
- Compensation: $106,554
- Related: $0
- Other: $13,276
Official website here: www.sbccfoundation.org
Where can I find the form 990 for The Foundation For Santa Barbara City College?
The Foundation For Santa Barbara City College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbccfoundation.org
Learn more at the official website: www.sbccfoundation.org
Mission Statement of The Foundation For Santa Barbara City College
The Santa Barbara City College Foundation, a renowned 501C3 nonprofit organization, plays a pivotal role in enhancing the excellence of Santa Barbara City College (SBCC) by engaging the community, fostering relationships, and inviting the generosity of donors. With approximately 5 million dollars awarded annually, the resources raised and managed by the Foundation enrich college programs, remove barriers, and empower students to succeed.
Since its inception over four decades ago, the Foundation has been an integral partner to SBCC. It has supported students as they prepare for careers, transfer to four-year universities, and pursue lifelong learning goals. In 2016, the Foundation introduced the SBCC Promise, which offers all recent, local high school graduates the opportunity to attend SBCC full-time at no cost. This ambitious program, relying solely on private support, covers all required fees, books, and supplies for up to two years. To date, more than 6,500 local students have participated in the SBCC Promise.
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Impact
October, 2024
The Foundation for Santa Barbara City College significantly enhances the educational landscape of the institution and the community it serves. By engaging the community and building relationships with donors, the Foundation raises critical resources that directly support student success. In the 2021-2022 academic year alone, it provided $1.2 million in support to various college departments and programs, enabling faculty and administrators to innovate and improve existing offerings to achieve outstanding academic outcomes.
With an annual budget approaching $5 million, the Foundation allocates funds for scholarships, book grants, emergency financial aid, and various essential programs that remove barriers to education. One of its hallmark initiatives, the SBCC Promise, exemplifies its commitment to accessibility in education, allowing local high school graduates to attend SBCC full-time at no cost for up to two years. This initiative has already benefitted over 6,500 students, empowering them to pursue their academic and career aspirations without financial burden.
Overall, the Foundation plays a pivotal role in cultivating an environment where students can thrive, ensuring that critical educational resources are available to support their journey toward success in a rapidly changing world.
This information is meant to be a general summary of The Foundation For Santa Barbara City College. 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.
- Investment Income: $7,263,788
- Gross Receipts: $30,353,862
Assets and Liabilities:
- Total Assets: $84,729,515
- Total Liabilities: $3,406,451
- Net Assets: $81,323,064
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Organization Details
Founding Year
1976
Phone
(805) 730-4401Principal Officer
Geoff Green
Main Address
721 CLIFF DRIVE, SANTA BARBARA, CA, 93109
Website
www.sbccfoundation.orgNTEE Category
Code: B110 - Education
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