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Scholarship Foundation Of Santa Barbara

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237087774 ✦ Santa barbara, CA ✦ Designated as a 501(c)(3)

Overview

What is Scholarship Foundation Of Santa Barbara?

The Scholarship Foundation of Santa Barbara is a prominent nonprofit organization situated in Santa Barbara, California. Established in 1962, its primary mission is to empower local students by providing financial aid and scholarship opportunities for post-secondary and vocational education. As the nation's largest community-based provider of such scholarships, it has generously awarded over $150 million to nearly 60,000 students within Santa Barbara County. In 2023 alone, they granted nearly $7.2 million to 1,864 students. Scholarships cater to undergraduates studying at two-year and four-year colleges and universities, averaging around $3,500 each. Approximately half of the recipients are the first in their families to attend college, underscoring the organization's commitment to fostering educational opportunities. With a team of 19 dedicated individuals, the Scholarship Foundation of Santa Barbara inspires, encourages, and supports students in achieving their academic and vocational goals.


Official website here: www.sbscholarship.org

Is Scholarship Foundation Of Santa Barbara legitimate?

Scholarship Foundation Of Santa Barbara is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Foundation Of Santa Barbara 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.

Here are some key statistics you may want to consider:

Executive Compensation: $625,936
Professional Fundraising Fees: $51,497
Other Salaries and Wages: $898,325

For more financial information, click here


Official website here: www.sbscholarship.org

What is the mission statement of Scholarship Foundation Of Santa Barbara?

The Scholarship Foundation of Santa Barbara aims to inspire, encourage, and support students in Santa Barbara County to pursue higher education, whether it's college, graduate school, or vocational training. They achieve this by providing information, guidance, and financial aid in the form of scholarships. As the nation's largest community-based provider of post-secondary education scholarships, they have awarded over $150 million to nearly 60,000 students since their establishment in 1962. In 2023 alone, they awarded almost $7.2 million to 1,864 students, with the average scholarship for undergraduates at two-year and four-year colleges and universities being $3,500. Fifty-three percent of the recipients in this year were the first in their family to attend college.


Official website here: www.sbscholarship.org

Who is the CEO of Scholarship Foundation Of Santa Barbara?

Melinda Cabrera is the Principal Officer of Scholarship Foundation Of Santa Barbara. The CEO's salary of Scholarship Foundation Of Santa Barbara is $8,880 and their total compensation is $8,880.


Official website here: www.sbscholarship.org

What is the revenue of Scholarship Foundation Of Santa Barbara?

Scholarship Foundation Of Santa Barbara's revenue in 2023 was $10,459,065.


Official website here: www.sbscholarship.org

Who are the executives of Scholarship Foundation Of Santa Barbara and what are their salaries?

The average compensation at Scholarship Foundation Of Santa Barbara during 2023 was $80,224. There are 19 employees and 225 volunteers at Scholarship Foundation Of Santa Barbara.

Here are 40 key members and their salaries (Scholarship Foundation Of Santa Barbara's CEO's salary is $8,880 and their total compensation is $8,880):

    Barbara Robertson (Presidenet & Ceo)
  • Compensation: $193,444
  • Related: $0
  • Other: $17,314

    • Len Smolburd (Chief Programs Officer)
  • Compensation: $131,559
  • Related: $0
  • Other: $17,924

    • Tim Dougherty (Chief Communications Officer)
  • Compensation: $118,327
  • Related: $0
  • Other: $8,764

    • James Hutchinson (Chief Financial Officer)
  • Compensation: $116,327
  • Related: $0
  • Other: $8,648

    • Mary Dwyer (Interim President & Ceo)
  • Compensation: $8,880
  • Related: $0
  • Other: $0

    • Nancy Ransohoff (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Rowe (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danna Mcgrew (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christie Glanville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan Arnold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Bartholomew (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trudi Carey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Chrisman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Duron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Franklin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Gann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Garufis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Guille Gil-Reynoso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Griffin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Norm Habermann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Huiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tessa Kaganoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Knight (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Knight (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aimee Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emil Nazaretyan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Oleary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marty Plourd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carrie Randolph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Rapp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Whalen Schuetz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jean Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Solomon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachael Steidl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arthur Swalley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Thurlow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Weidl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sbscholarship.org

    Where can I find the form 990 for Scholarship Foundation Of Santa Barbara?

    The Scholarship Foundation Of Santa Barbara’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.sbscholarship.org

    Learn more at the official website: www.sbscholarship.org

    Mission Statement of Scholarship Foundation Of Santa Barbara

    The Scholarship Foundation of Santa Barbara, as a committed nonprofit organization, aims to inspire, encourage, and support students in Santa Barbara County to pursue and complete their college, graduate, and vocational school education. This mission is carried out by providing valuable information, counseling, and financial aid in the form of scholarships.

    Established in 1962, the Scholarship Foundation of Santa Barbara has become the nation's largest community-based provider of postsecondary education scholarships. Over the years, it has awarded more than $150 million to nearly 60,000 students, showcasing its significant impact on the educational landscape of Santa Barbara County. In 2023 alone, the foundation awarded close to $7.2 million to 1,864 students, with the average scholarship amount for undergraduates studying at two-year and four-year colleges and universities reaching $3,500.

    The primary criteria for selecting scholarship recipients at the Scholarship Foundation of Santa Barbara include donor intent, financial need, potential, and motivation. A notable statistic is that 53% of this year's recipients represent the first generation in their families to attend college, highlighting the organization's role in breaking barriers and opening doors to higher education for many deserving students.

    Impact

    This information is meant to be a general summary of Scholarship Foundation Of Santa Barbara. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Scholarship Foundation of Santa Barbara plays a crucial role in inspiring, encouraging, and supporting Santa Barbara County students to pursue higher education and vocational training. It is a significant force in facilitating access to postsecondary education through scholarships and financial aid advising. Since its establishment in 1962, the Foundation has been a key player in providing over $150 million in scholarships to nearly 60,000 students in the county. In 2023 alone, the Foundation awarded almost $7.2 million to 1,864 students, with an average scholarship amount of $3,500.

    Notably, 53% of the recent scholarship recipients are the first in their family to attend college, highlighting the Foundation's impact in breaking barriers to higher education. By prioritizing donor intent, financial need, potential, and motivation in the selection process, the Scholarship Foundation of Santa Barbara continues to empower students on their academic journey.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,059,882
  • Program Service Revenue: $85,392
  • Gross Receipts: $35,982,568

    • Assets and Liabilities:
  • Total Assets: $68,972,600
  • Total Liabilities: $7,257,006
  • Net Assets: $61,715,594
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    GRANT FOR STUDENT AID SVC

    Revenue

    $85,392

    Organization Details

    Founding Year

    1962

    Principal Officer

    Melinda Cabrera

    Main Address

    PO BOX 3620, SANTA BARBARA, CA, 93130

    NTEE Category

    Code: B82 - Education

    If you are a representative of Scholarship Foundation Of Santa Barbara and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.