Montecito Community Foundation EIN 95-6149983 Form 990 (PDF) Claim this org

Montecito Community Foundation FY2020 filing

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Funds community safety, spirit, and infrastructure improvements like walkways and events. For fiscal year 2020 it reported $206K in revenue, $64K in expenses, and $1.1M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Santa Barbara, CA
Filings
5 on file (2020–2020)
Revenue
$206KFY2020
Expenses
$64K
Net assets
$1.1M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-6149983 Public foundation / grantmaker Santa Barbara, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds community safety, spirit, and infrastructure improvements like walkways and events.
Leadership
Bart Clemens · Trustee
Money in and out
$206K revenue, $64K expenses
Bottom line
58% program efficiency
Grants paid & assets · FY2020
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$64K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.24 Fundraising $0.17
Program efficiency
58%
of spending reaches programs
Operating runway
86.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+69%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$206K
FY2020
Expenses
$64K
FY2020
Total assets
$1.1M
FY2020
Total liabilities
$14K
FY2020
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$64K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMontecito Community Foundation
EINHdr · item D95-6149983
Principal addressHdr · item CSanta Barbara, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31Z)
Ruling yearIRS BMFMar 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Montecito Community Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $37K of program spending, described in the organization's own filed words · FY2020.
01

Supported various community programs such as parkway care, road signs and roadside CLEANUP.FOSTERED community involvement through the village fourth of july event.

$37Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$149K · 73%
Other revenue$41K · 20%
Investment income$15K · 7%
Contributions & grants73%$149K
Other revenue20%$41K
Investment income7%$15K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.24 Fundraising $0.17
Program services58%$37K
Management & general24%$15K
Fundraising17%$11K
Total functional expensesLn 25$64K

Balance Sheet

Part X · end of year
CashLn 1$189K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$14K
Total net assetsLn 32$1.1M
Months of cash on handcomputed35.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $449K · Operating expenses (Pt IX) $64K · Less non-cash grants $1K · Cash operating expenses/yr $62K
86.4 months
Where the money goes
Program services
Program services $37K · Total expenses $64K
58%
Management & General
Management & general $15K · Total expenses $64K
24%
Fundraising
Fundraising $11K · Total expenses $64K
17%
Cost to raise $1
Fundraising expense $11K · Solicited contributions $149K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $149K · Total revenue $206K
73%
Government reliance
Government grants — · Total revenue $206K
Earned-income share
Program service revenue $0 · Total revenue $206K
0%
Investment reliance
Investment income $15K · Total revenue $206K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $64K
0%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $64K
+69%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $259K · Total assets (Pt X, ln 16) $1.1M
23%
People & payroll
Highest Reported Total Compensation
Individual Bart Clemens · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $64K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $64K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 24%
Fundraising cost ratio 7%
Legal fee ratio 0.6%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 12 grants · $273K · 2020–2024
Montecito Family YMCACA · FY2024$15,000
Montecito Trails FoundationCA · FY2024$10,000
Casa Del HerreroCA · FY2024$10,000
Unitemized GrantFY2024$4,800
Unitemized GrantFY2024$2,500
Unitemized GrantFY2024$1,190
CitynetCA · FY2021$10,000
Santa Barbara Bucket BrigadeCA · FY2020$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$323K revenue · ⤓ 990 PDF
FY2023$326K revenue · ⤓ 990 PDF
FY2022$159K revenue · ⤓ 990 PDF
FY2021$198K revenue · ⤓ 990 PDF
FY2020$206K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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