Performing Arts Scholarship Foundation

Santa Barbara, CA · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$136K
+28% vs prior year
Spent
$149K
To programs
59%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$136K
FY2024▲ +28%
Revenue by fiscal year
FY2020$61K
FY2021$236K
FY2022$98K
FY2023$106K
FY2024$136K
Expenses
$149K
FY2024▲ +16%
Expenses by fiscal year
FY2020$108K
FY2021$118K
FY2022$113K
FY2023$128K
FY2024$149K
Net assets
$2.1M
FY2024▲ +5%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPerforming Arts Scholarship Foundation
EINHdr · item D95-3757549
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1982
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSanta Barbara, CA
NTEE classificationIRS BMFEducation (B82Z)
WebsiteHdr · item Jwww.pasfsb.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$87K
Management & general41%$62K
Total functional expensesLn 25$149K

Financial health

Is it on solid ground?

Program efficiency
59%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
172.7mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▲ +53% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.1M
FY2024▲ +5%
Total assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$76K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.1M
Months of cash on handcomputed6.1

Statement of Revenue

Part VIII
Investment income$93K · 68%
Contributions & grants$43K · 32%
Investment income68%$93K
Contributions & grants32%$43K
Total revenueLn 12$136K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.1M · Operating expenses/yr $149K
172.7 months
Where the money goes
Program services
Program services $87K · Total expenses $149K
59%
Management & General
Management & general $62K · Total expenses $149K
41%
Fundraising
Fundraising $0 · Total expenses $149K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $34K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $136K
32%
Government reliance
Government grants — · Total revenue $136K
—
Earned-income share
Program service revenue $0 · Total revenue $136K
0%
Investment reliance
Investment income $93K · Total revenue $136K
+68%
Program self-sufficiency
Program service revenue $0 · Total expenses $149K
0%
Growth & trend
Revenue growth (YoY)
This year $136K · Prior year $106K
+28%
Revenue CAGR
FY2020 $61K · FY2024 $136K
+22%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136K · Expenses $149K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
—
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
96%
People & payroll
Highest Reported Total Compensation
Individual Deborah M Bertling · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $149K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $149K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 41%——
Fundraising cost ratio 0%——
Revenue growth 28%——
Investment management fee ratio 1%——
Accounting fee ratio 5%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Performing Arts Scholarship Foundation executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Offers financial aid to performing arts students and supports music education outreach.

Provided by the organization

This section is blank until Performing Arts Scholarship Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $87K of program spending, described in the organization's own filed words · FY2024.
01

Pasf's goals are to encourage, nurture, and support young musicians in the santa barbara county area. We do this through an annual competition where qualifying participants perform to win grant money to further their musical careers or support their musical training.

$45Kprogram expense
02

Grants to non-profit performing arts organizations to support educational outreach programs.

$42Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$1K
Grants paid · 28 grants · $327K · 2020–2024
Unitemized GrantFY2024$29,150
State Street BalletCA · FY2024$9,160
Unitemized GrantFY2023$32,400
Unitemized GrantFY2022$26,000
State Street BalletCA · FY2022$7,000
Santa Barbara StringsCA · FY2022$6,655
Unitemized GrantFY2021$28,150
State Street BalletCA · FY2021$6,000
Sb Music & Arts ConservatoryFY2021$6,000
See all 28 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $136K$149K+28% 990 PDF
FY2023 $106K$128K+8% 990 PDF
FY2022 $98K$113K-58% 990 PDF
FY2021 $236K$118K+289% 990 PDF
FY2020 $61K$108K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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