2025-05-10T14:29:53-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 953234551 THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE FOUN 8057304401 721 CLIFF DRIVE SANTA BARBARA CA 93109 BOBBI ABRAM CHIEF EXECUTIVE OFFICER 8057304401 2025-05-07 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-05-07 2023 2025-03-06 01:10:19Z SBCC FOUNDATION BOBBI ABRAM 721 CLIFF DRIVE SANTA BARBARA CA 93109 27598491 0 X WWW.SBCCFOUNDATION.ORG X 1976 CA THE SBCC FOUNDATION FUELS THE EXCELLENCE OF SANTA BARBARA CITY COLLEGE BY ENGAGING THE COMMUNITY, BUILDING RELATIONSHIPS, AND INVITING THE GENEROSITY OF DONORS. THE RESOURCES RAISED AND MANAGED BY THE FOUNDATION ENRICH COLLEGE PROGRAMS, REMOVE BARRIERS, AND EMPOWER STUDENTS TO SUCCEED. 19 14 17 22 1333 0 3882626 5278609 0 0 3240509 3775452 188964 198743 7312099 9252804 4765011 5727171 0 0 1723838 1897426 0 0 743974 754494 1180054 7243343 8804651 68756 448153 88748883 96949701 4649649 5801695 84099234 91148006 X AS AN INDEPENDENT 501(C)(3) NONPROFIT ORGANIZATION AND PARTNER TO SBCC, THE SBCC FOUNDATION AWARDS MORE THAN $5 MILLION ANNUALLY FOR STUDENT SUCCESS PROGRAMS, SCHOLARSHIPS, BOOK GRANTS, EMERGENCY FUNDS, AND OTHER CRITICAL NEEDS OF THE COLLEGE. FOR NEARLY FIVE DECADES, THE RESOURCES RAISED AND MANAGED BY THE SBCC FOUNDATION HAVE SUPPORTED SBCC STUDENTS AS THEY PREPARE FOR CAREERS, TRANSFER TO FOUR-YEAR UNIVERSITIES, AND PURSUE LIFELONG LEARNING GOALS. IN 2016, THE FOUNDATION CREATED THE SBCC PROMISE, OFFERING ALL RECENT, LOCAL HIGH SCHOOL GRADUATES THE OPPORTUNITY TO ATTEND SBCC FULL-TIME AT NO COST. THE SBCC PROMISE RELIES ENTIRELY ON PRIVATE SUPPORT AND COVERS ALL REQUIRED FEES, BOOKS, AND SUPPLIES FOR UP TO TWO YEARS. TO DATE, MORE THAN 7,500 LOCAL STUDENTS HAVE PARTICIPATED IN THE SBCC PROMISE. 0 0 2812543 2108245 THE SBCC FOUNDATION PROVIDED $2.4 MILLION IN SUPPORT TO COLLEGE DEPARTMENTS AND PROGRAMS DURING THE 2023-2024 ACADEMIC YEAR. THESE RESOURCES ALLOW COLLEGE FACULTY, STAFF, AND ADMINISTRATORS TO IMPROVE EXISTING PROGRAMS, EXPERIMENT WITH NEW AND INNOVATIVE APPROACHES, AND ACHIEVE OUTSTANDING ACADEMIC OUTCOMES. 1344368 1344368 THE SBCC FOUNDATION PROVIDED OVER $1.3 MILLION IN DIRECT STUDENT SUPPORT, IN THE FORM OF SCHOLARSHIPS AND BOOKS GRANTS, TO MORE THAN 1100 STUDENTS IN THE 2023-2024 ACADEMIC YEAR. FOR MANY STUDENTS, THIS SUPPORT CAN MEAN THE DIFFERENCE BETWEEN DROPPING OUT OF COLLEGE AND SUCCESSFULLY COMPLETING A DEGREE, CERTIFICATE, OR TRANSFER PROGRAM. THE SBCC FOUNDATION ALSO CONTINUED TO FUND IMPORTANT STUDENT SUPPORT PROGRAMS THAT SERVE SINGLE-PARENT STUDENTS, UNDERPREPARED HIGH SCHOOL GRADUATES, AND THOSE RECENTLY RELEASED FROM THE CRIMINAL JUSTICE SYSTEM WHO ARE STARTING COLLEGE. ACCORDING TO THE COLLEGE FUTURES FOUNDATION, SCHOLARSHIPS ALSO HAVE A POSITIVE IMPACT ON STUDENT MATRICULATION RATES. 2473016 2274558 THE SBCC FOUNDATION CREATED THE SBCC PROMISE IN 2016, TO MAKE OUR COMMUNITY'S COLLEGE ACCESSIBLE AND AFFORDABLE TO ALL RECENT LOCAL HIGH SCHOOL GRADUATES. THE SBCC PROMISE OFFERS TWO YEARS OF COMPREHENSIVE SUPPORT (COVERING ALL REQUIRED FEES, BOOKS AND SUPPLIES) TO ANY LOCAL STUDENT WHO ENROLLS FULL TIME AT SBCC IN THE FALL OR SPRING SEMESTER FOLLOWING THE COMPLETION OF THEIR SECONDARY EDUCATION WITHIN THE SBCC DISTRICT. IN THE 2023-2024 ACADEMIC YEAR, MORE THAN 1,800 SBCC PROMISE STUDENTS WERE ENROLLED. RESEARCH ON COLLEGE ACHIEVEMENT CORRELATES A STUDENT'S CHANCE OF SUCCESS WITH EARLY ENROLLMENT, FULL-TIME STUDENT STATUS, AND ACCESS TO ACADEMIC COUNSELING AND SUPPORT. THE SBCC PROMISE INCLUDES ALL OF THESE ELEMENTS, PROVIDING $2.2 MILLION IN SUPPORT TO SBCC PROMISE STUDENTS IN THE 2023-2024 ACADEMIC YEAR. 6629927 1 1 0 1 0 0 0 0 0 1 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 17 0 1 17 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 14 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X ZORANA MORRIS 8057304418 721 CLIFF DRIVE SANTA BARBARA CA 93109 PALOMA ARNOLD EX-OFFICIO - SBCC 1.00 40.00 X 0 242192 26807 CAROLA SMITH EX-OFFICIO - SBCC 1.00 40.00 X 0 244650 22806 JOSHUA RAMIREZ EX-OFFICIO - SBCC (AS OF 06/24) 1.00 40.00 X 0 142928 22998 KIMBERLY MONDA EX-OFFICIO - SBCC (THRU 04/30/24) 1.00 40.00 X 0 163674 0 ERIKA ENDRIJONAS EX-OFFICIO - SBCC 1.00 40.00 X 0 139722 12528 ROBERT K MILLER EX-OFFICIO - SBCC 1.00 2.00 X 0 4800 18743 ELIZABETH WILMER EX-OFFICIO - SBCC 1.00 0.00 X 0 0 0 MADELEINE JACOBSON PRESIDENT 3.00 0.00 X X 0 0 0 LAURIE ASHTON VICE PRESIDENT 2.00 0.00 X X 0 0 0 MICHELLE LEE PICKETT TREASURER 2.00 0.00 X X 0 0 0 RACHEL KAGANOFF SECRETARY 2.00 0.00 X X 0 0 0 WENDY READ DIRECTOR 2.00 0.00 X 0 0 0 ROGER DURLING DIRECTOR 1.00 0.00 X 0 0 0 GREG LOOSVELT DIRECTOR (THRU 05/09/24) 1.00 0.00 X 0 0 0 PAUL MENZEL DIRECTOR 1.00 0.00 X 0 0 0 CAROLA NICHOLSON DIRECTOR 1.00 0.00 X 0 0 0 PEDRO PAZ DIRECTOR 1.00 0.00 X 0 0 0 BEN SCOTT DIRECTOR (THRU 08/31/23) 1.00 0.00 X 0 0 0 SUSAN SILVER DIRECTOR (AS OF 10/23) 1.00 0.00 X 0 0 0 FRANK TABAR DIRECTOR 1.00 0.00 X 0 0 0 SARAH DE TAGYOS DIRECTOR 1.00 0.00 X 0 0 0 SCOTT VINCENT DIRECTOR 1.00 0.00 X 0 0 0 GEOFF GREEN CHIEF EXECUTIVE OFFICER (THRU 01/02/24) 40.00 0.00 X 275705 0 42665 ZORANA MORRIS CHIEF FINANCIAL OFFICER 40.00 0.00 X 155446 0 34957 BOBBI ABRAM CHIEF EXECUTIVE OFFICER (AS OF 05/01/24) 40.00 0.00 X 0 0 0 SARAH STRETZ CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 153809 0 3091 RACHEL JOHNSON CHIEF PROGRAM OFFICER 40.00 0.00 X 136959 0 19611 721919 937966 204206 4 0 1 0 SEI INVESTMENTS 1 FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT 325152 1 297757 44080 1204373 3732399 5278609 4039315 1333 4037982 17874753 18138616 -263863 -263863 -263863 40370 297757 207071 -166701 -166701 OTHER INCOME 561499 365444 365444 365444 9252804 0 1333 3972862 4374684 4374684 1352487 1352487 584502 128170 244491 211841 952006 280874 411812 259320 59299 15798 24998 18503 191502 51319 72162 68021 110117 29337 46421 34359 824 824 735 735 69542 69542 325152 325152 17938 17938 113057 587 112470 31544 30178 1366 90726 90726 33847 33847 13113 13113 28194 19097 9097 TEXTBOOKS 358405 358405 DONOR CULTIVATION 38094 38094 DUES & SUBSCRIPTIONS 32093 32093 MAINTANENCE & REPAIRS 6211 6211 20579 1231 19348 8804651 6629927 1430750 743974 1230864 914150 8060662 8433083 1248919 1356851 63086 64096 71571 23874 370175 349365 27912 20810 56601322 59955902 9754194 14623445 7760718 7835205 3929635 3722285 88748883 96949701 1490455 2151825 2649700 3169685 509494 480185 4649649 5801695 X 16945115 17302432 67154119 73845574 84099234 91148006 88748883 96949701 X 448153 6779993 -179374 X 0 1 X 1 0 X 4167828 25763820 4420804 3857376 5278609 43488437 4167828 25763820 4420804 3857376 5278609 43488437 1955515 41532922 2306295 1829801 7243388 3648153 4037982 19065619 2857 2857 222372 129727 355358 368951 365444 1441852 63998765 0.64900 0.67070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 8804651 8804651 590233 147558 0 0 482989 481518 512167 590233 2066907 3100361 0 0 0 0 120747 120380 128042 147558 516727 775091 0 0 0 0 PART II-A: THE ORGANIZATION HAS AN ELECTION UNDER SECTION 501(H) IN EFFECT, BUT NO LOBBYING ACTIVITIES TOOK PLACE DURING FISCAL YEAR ENDING 6/30/24. 58635776 15579 6650061 1506526 63794890 54982330 5098035 4967455 6412044 58635776 63272898 52525 -6690475 1652618 54982330 51965684 454564 11969496 1116846 63272898 51718649 169744 519782 442491 51965684 0.68000 0.32000 0 0 17146 17028 118 214749 201337 13412 138280 131000 7280 20810 COLLATERALIZED LOAN OBLIGATIONS (CLOS) 6107269 F EQUITY 96200 F FIXED INCOME 5617 F HEDGE FUNDS 7390173 F PRIVATE EQUITY 1024186 F 14623445 ASSETS HELD IN FCCC-OSHER 971026 F INVESTMENT IN REAL ESTATE 6864179 F 7835205 LIABILITY UNDER UNITRUST AGREEMENTS 457755 DISCOUNT FOR FUTURE INTEREST- POOLED INCOME FUNDS 22430 480185 X 15795342 6779993 60000 207071 7047064 8748278 325152 179374 504526 9252804 8746570 60000 207071 267071 8479499 325152 325152 8804651 PART V, LINE 4: VARIOUS ENDOWED FUNDS HAVE BEEN ESTABLISHED TO PROVIDE FINANCIAL SUPPORT FOR VARIOUS COLLEGE PROGRAMS INCLUDING STUDENT SCHOLARSHIPS AND AWARDS, GENERAL DEPARTMENT AND PROGRAM SUPPORT, EQUIPMENT PURCHASES AND CAPITAL IMPROVEMENTS, AND FACULTY RESEARCH AND TEACHING ACTIVITIES. THE BOARD OF DIRECTORS PASSED A RESOLUTION THAT STATES THE FOUNDATION WILL NOT DISTRIBUTE FROM AN ENDOWMENT WITH A CURRENT MARKET VALUE THAT IS BELOW THE ORIGINAL GIFT VALUE UNLESS DIRECTED BY THE DONOR. PART X, LINE 2: THE FOUNDATION IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, WHICH IS EXEMPT FROM INCOME TAXES, THEREFORE NO PROVISION FOR INCOME TAXES IS REQUIRED. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION EVALUATES UNCERTAIN TAX POSITIONS, WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. AS OF JUNE 30, 2024 THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 207,071. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI FROM K-1S 1,333. CHANGE IN SPLIT INTEREST 178,041. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 207,071. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13503059 0 0 0 0 0 0 13503059 0 13503059 1 0 1 1 1 0 SPRING GALA 338127 297757 40370 46035 161036 338127 297757 40370 46035 161036 207071 -166701 PART II, LINE 11 TOTAL SPECIAL EVENT GROSS RECEIPTS: $338,127 TOTAL COST OF SPECIAL EVENTS: $207,071 NET INCOME FROM SPECIAL EVENTS: $131,056 GROSS PROCEEDS OF $297,757 ARE RECLASSIFIED AS CONTRIBUTION REVENUE. AS SUCH, SPECIAL EVENT NET INCOME IS REPORTED ON PART II, LINE 11 AS $-166,701. 1 SANTA BARBARA CITY COLLEGE 721 CLIFF DRIVE SANTA BARBARA CA 93109 770070782 STATE OF CALIFORNIA 4035286 0 TO ASSIST THE COLLEGE IN PROVIDING OUTSTANDING EDUCATIONAL OPPORTUNITIES FOR ALL BY ENRICHING COLLEGE PROGRAMS, REMOVING BARRIERS TO ACCESS, AND EMPOWERING STUDENTS TO SUCCEED STARR KINNG PARENT-CHILD WORKSHOP 1525 1/2 SANTA BARBARA STREET SANTA BARBARA CA 93101 951688546 501(C)(3) 10000 0 TUITION ASSISTANCE FUNDS AKILI PROJECT DBA SPORTS INDUSTRY ACADEMY 1610 DE LA VINA 3 SANTA BARBARA CA 93101 814304962 501(C)(3) 24145 0 ACADEMY FEES FOR STUDENTS SANTA BARBARA MUSEUM OF NATURAL HISTORY 2559 PUESTA DEL SOL ROAD SANTA BARBARA CA 93105 951643378 501(C)(3) 96989 0 GLADWIN PLANETARIUM EQUIPMENT UPGRADE THE SAN MARCOS HIGH SCHOOL ROYAL PRIDE FOUNDATION 4750 HOLLISTER AVENUE SANTA BARBARA CA 93110 461787939 501(C)(3) 100000 0 BUILDING COMMUNITY WELLNESS CAMPAIGN 5 0 VARIOUS EDUCATIONAL CASH GRANTS FOR SCHOLARSHIPS 1138 1344368 0 VARIOUS CASH GRANTS FOR PROGRAMS 1 8119 0 PART I, LINE 2: SBCC DEPARTMENTS MAY REQUEST FUNDING FOR SPECIFIED PURPOSES. IF THE GRANT IS AWARDED, IT MUST BE USED AS SPECIFIED BY THE GRANTING AGENCY. PERIODIC REPORTING ON THE SPENDING MAY BE REQUIRED BY THE DONOR; SOME GRANTS ARE PAID OUT IN ANNUAL INSTALLMENTS, AND SOME ON AN AS-NEEDED BASIS. X X X X 0 0 0 0 0 0 0 1 0 GEOFF GREEN CHIEF EXECUTIVE OFFICER (THRU 01/02/24) 275705 0 0 0 0 0 16153 0 26512 0 318370 0 0 0 PALOMA ARNOLD EX-OFFICIO - SBCC 0 242192 0 0 0 0 0 0 0 26807 0 268999 0 0 CAROLA SMITH EX-OFFICIO - SBCC 0 244650 0 0 0 0 0 0 0 22806 0 267456 0 0 ZORANA MORRIS CHIEF FINANCIAL OFFICER 149899 0 5547 0 0 0 4901 0 30056 0 190403 0 0 0 JOSHUA RAMIREZ EX-OFFICIO - SBCC (AS OF 06/24) 0 142928 0 0 0 0 0 0 0 22998 0 165926 0 0 KIMBERLY MONDA EX-OFFICIO - SBCC (THRU 04/30/24) 0 163674 0 0 0 0 0 0 0 0 0 163674 0 0 SARAH STRETZ CHIEF DEVELOPMENT OFFICER 148262 0 5547 0 0 0 3000 0 91 0 156900 0 0 0 RACHEL JOHNSON CHIEF PROGRAM OFFICER 136412 0 547 0 0 0 8282 0 11329 0 156570 0 0 0 ERIKA ENDRIJONAS EX-OFFICIO - SBCC 0 139722 0 0 0 0 0 0 0 12528 0 152250 0 0 PART I, LINE 7 DISCRETIONARY BASED BONUSES WERE AWARDED DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 5 IN AUGUST, 2022, AN $850,000 GRANT WAS MADE TO A NONCHARITABLE TRUST (THE "TRUST"). NEITHER THE GRANT NOR THE CREATION OF THE TRUST WAS APPROVED BY THE FOUNDATION BOARD. AFTER BECOMING AWARE OF THE GRANT, THE FOUNDATION BOARD THOROUGHLY INVESTIGATED THE PERTINENT CIRCUMSTANCES WITH RESPECT TO THE GRANT AND RETAINED EXPERT COUNSEL. THE GRANT DOES NOT APPEAR TO HAVE BEEN FOR A CHARITABLE PURPOSE OR CONSISTENT WITH THE USE RESTRICTIONS ON THE FUNDS USED TO MAKE THE GRANT. THE GRANT WAS A RE-GRANT OF FUNDS FROM OTHER CHARITIES, NOT FROM THE GENERAL FUNDS OF THE FOUNDATION. THE FOUNDATION INDIVIDUALS INVOLVED WITH THE CREATION OF THE TRUST ARE NO LONGER AFFILIATED WITH THE FOUNDATION. THE FOUNDATION HAS MADE A LEGAL DEMAND ON THE TRUSTEES OF THE TRUST TO UNWIND THE TRANSACTION AND RETURN THE GRANT FUNDS, AND THE TRUSTEES HAVE NOT DONE SO. THE FOUNDATION HAS TAKEN CORRECTIVE ACTIONS, INCLUDING ADVISING THE CALIFORNIA ATTORNEY GENERAL OF THE TRANSACTION AND COOPERATING WITH ITS REVIEW OF THE TRANSACTION, REINSTATING IN-PERSON DUAL CHECK SIGNING ABOVE CERTAIN LIMITS, REGULARLY REPORTING TO THE BOARD OF ALL DISBURSEMENTS FROM ANY FOUNDATION ACCOUNTS, CREATING A FISCAL AGENT POLICY, AND RE-EDUCATING THE BOARD AND STAFF WITH RESPECT TO FIDUCIARY OBLIGATIONS, LIMITATIONS ON AUTHORITY, CONFLICTS OF INTEREST, AND WHISTLEBLOWER POLICY. THE FOUNDATION CONTINUES TO RETAIN ITS OUTSIDE AUDITOR. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE DRAFT TAX RETURN WITH THE CEO. IT IS THEN REVIEWED BY THE AUDIT AND FINANCE COMMITTEES (INDEPENDENTLY OR JOINTLY). ONCE ACCEPTED BY THE COMMITTEES, IT IS SHARED WITH THE FULL BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C 1. ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY MEMBER OF THE BOARD OF DIRECTORS OR ANY PERSON SITTING ON A COMMITTEE OF THE BOARD SHALL BE FULLY DISCLOSED TO THE OTHER DIRECTORS AND MADE A MATTER OF RECORD WHEN THE INTEREST BECOMES A MATTER FOR BOARD OR COMMITTEE CONSIDERATION. 2. A CONFLICT OF INTEREST SHALL BE CONSIDERED TO BE PRESENT WHEN A BOARD MEMBER OR A FAMILY MEMBER HAS A FINANCIAL INTEREST IN ANY TRANSACTION TO WHICH THE FOUNDATION IS A PARTY, OR HOLDS A DIRECTORSHIP IN ANOTHER ENTITY WHICH IS PARTY TO THE TRANSACTION. 3. ANY DIRECTOR WITH A POSSIBLE CONFLICT OF INTEREST ON ANY MATTER UP FOR CONSIDERATION BY THE BOARD OR COMMITTEE SHALL DISCLOSE SUCH CONFLICT AND SHALL NOT VOTE OR USE THEIR PERSONAL INFLUENCE ON THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE INTERESTED MEMBER ABSTAINED FROM VOTING. 4. THE FOREGOING REQUIREMENTS SHALL NOT BE CONSTRUED AS PREVENTING THE DIRECTOR FROM BRIEFLY STATING THEIR POSITION ON THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS OF OTHER DIRECTORS SINCE THEIR KNOWLEDGE MAY BE OF GREAT ASSISTANCE. 5. ANY NEW DIRECTOR OF THE BOARD OR MEMBER OF A COMMITTEE OF THE BOARD WILL BE ADVISED OF THIS POLICY UPON AGREEING TO THE DUTIES OF THEIR OFFICE. FURTHER, ALL MEMBERS OF THE BOARD AND ANY COMMITTEE ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND COMPLETE AN ACKNOWLEDGEMENT AND DECLARATION FORM. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION PARTICIPATES IN SEVERAL COMPENSATION SURVEYS OF COMPARABLE NON-PROFIT ORGANIZATIONS. THE BOARD OF DIRECTORS CONSIDERS THE DATA FROM THE SURVEYS ALONGSIDE BUDGET CONSTRAINTS, PERFORMANCE, AND INTERNAL PAY EQUITY, AMONG OTHER FACTORS, IN DETERMINING THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE CHIEF EXECUTIVE OFFICER CONSIDERS APPROPRIATE SURVEY DATA, BUDGET CONSTRAINTS, PERFORMANCE, INTERNAL PAY EQUITY, AND OTHER FACTORS IN SETTING ALL OTHER STAFF COMPENSATION IN PARTNERSHIP WITH SUPERVISORS. FORM 990, PART VI, SECTION C, LINE 19 IT IS THE FOUNDATION'S POLICY TO FULLY COMPLY WITH THE FEDERAL (AND APPLICABLE STATE) PUBLIC DISCLOSURE REQUIREMENTS, AND TO MAKE SUCH ADDITIONAL DISCLOSURES AS MAY BE USEFUL TO FOSTER TRANSPARENCY AND DONOR DUE DILIGENCE. TO THIS END, THE CHIEF EXECUTIVE OFFICER SHALL ENSURE THAT THE FOLLOWING DOCUMENTS ARE PUBLICLY AVAILABLE, TOGETHER WITH SUCH OTHER DOCUMENTS AS THE CHIEF EXECUTIVE OFFICER MAY DEEM APPROPRIATE: FORMS 990 THE FOUNDATION'S IRS DETERMINATION LETTER(S) THE FOUNDATION'S ARTICLES OF INCORPORATION THE FOUNDATION'S BY LAWS THE FOUNDATION'S FINANCIAL STATEMENTS THE FOUNDATION'S CONFLICT OF INTEREST POLICY THE FOUNDATION'S INVESTMENT POLICY STATEMENT THE FOUNDATION'S STAFF SHALL HONOR THE PUBLIC INSPECTION AND COPYING REQUIREMENTS PRESCRIBED BY IRS REGULATIONS, INCLUDING PROVIDING COPIES TO INDIVIDUALS WHO REQUEST THEM AND POSTING THEM TO THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -178,041. UBI FROM K-1S -1,333. 525 ANACAPA LLC 721 CLIFF DRIVE SANTA BARBARA CA 93109 OWN, MANAGE, AND LEASE TO SBCC FOR EDUCATION AND CHARITABLE PURPOSES CA 288000 7184656 THE FOUNDATION FOR SANTA BARBARA CITY COLLEGE SANTA BARBARA CITY COLLEGE 721 CLIFF DRIVE SANTA BARBARA CA 93109 770070782 COMMUNITY COLLEGE CA N/A 0 MEM EMPLOYEE OWNERSHIP TRUST UDT DATED AUGUST 3 2022 1225 COAST VILLAGE ROAD SUITE C MONTECITO CA 93108 886640551 EMPLOYEE OWNERSHIP TRUST CA SANTA BARBARA CITY COLLEGE FOUNDATION T 1 MONTECITO ESTATE MANAGEMENT LLC 1225 COAST VILLAGE ROAD SUITE C MONTECITO CA 93108 PROPERTY MANAGEMENT CA MEM EMPLOYEE OWNERSHIP TRUST UDT DATED AUGUST 3 2022 C 1 CHARITABLE REMAINDER TRUST (6) FOUNDATION SUPPORT CA 0 POOLED INCOME FUND (2) FOUNDATION SUPPORT CA 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 SANTA BARBARA CITY COLLEGE B 4035286 FMV SANTA BARBARA CITY COLLEGE L 524024 FMV SANTA BARBARA CITY COLLEGE M 197493 FMV SANTA BARBARA CITY COLLEGE J 288000 FMV