Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 95% | — | — |
| Overhead ratio | 3% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 222% | — | — |
| Investment management fee ratio | 0.1% | — | — |
| Legal fee ratio | 0.03% | — | — |
| Accounting fee ratio | 0.2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Jacqueline Carrera’s $457K as President & CEO is at the 46th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jacqueline Carrera | $457,442 | $401,076 | $372,313 | $326,158 | $324,918 |
| Ronald Gallo Edd | — | — | — | — | $369,111 |
| Todd Yuba | $297,791 | $266,785 | $254,802 | $174,454 | — |
| Elizabeth Thasiah | $224,387 | — | — | — | — |
| Tammy Sims Johnson | $214,255 | $194,520 | — | — | — |
| Janet Mocker | $187,271 | $171,472 | $159,518 | $154,546 | $166,837 |
| Rubayi Estes | — | $140,900 | $168,641 | $154,389 | $127,151 |
| Jessica Sanchez | $144,202 | — | $117,987 | $116,350 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Mobilizes philanthropic capital and donor partnerships to fund local nonprofits, address community needs, and provide college scholarships for students in Santa Barbara County.
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Where the work happens
SBF serves the entire county of santa barbara, funding a wide range of initiatives, projects and organizations. In 2024, SBF awarded over 2,000 grants to nonprofit organizations. Grants are made through SBF from various types of funds, including: donor advised funds, donor designated funds and field of interest funds.
SBF provided funding of over $1 million in 2024 to the scholarship foundation of santa barbara for student aid. Through this collaboration over 150 students of santa barbara county received scholarship awards.
SBF provided funding of over $1 million in 2024 to local nonprofit organizations providing services in the areas of behavioral health, health care, food, and shelter & safety thorough its community grants programs.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest Viewing | $121.6M | $120.0M | +222% | 990 PDF |
| FY2023 | $37.8M | $35.8M | -42% | 990 PDF |
| FY2022 | $65.1M | $34.0M | +21% | 990 PDF |
| FY2021 | $53.6M | $43.6M | +24% | 990 PDF |
| FY2020 | $43.3M | $32.9M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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