Education : Scholarship and Financial Support

Scholarship Foundation of Santa Barbara

Creating opportunity, transforming lives…one scholarship at a time

four stars

91.88

2253 Las Positas Road Santa Barbara, CA 93105
tel: (805) 687-6065   Web Site
EIN: 23-7087774

Board Leadership
Christie Glanville
Board Chair

CEO
Barbara Robertson
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.88 four stars
  Financial 88.52 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 05/01/2019 and includes data from FY2018, the most recent 990 received at that time.

For more than 50 years, the Scholarship Foundation of Santa Barbara has helped local students access postsecondary education.

The Scholarship Foundation of Santa Barbara inspires, encourages, and supports Santa Barbara County students to and through college, graduate, and vocational school by providing information, advising, and scholarships.

The nation's largest community-based provider of college scholarships, the Scholarship Foundation has cumulatively awarded in excess of $123 million to more than 50,000 county students since its founding in 1962. The Foundation awarded $7.98 million in scholarships to 2,447 county students in May 2019.

Scholarship Foundation workshops and financial aid advisory appointments at school sites and our offices serve more than 25,000 individuals each year.

For more than 50 years, the Scholarship Foundation of Santa Barbara has helped local students access postsecondary education.

The Scholarship Foundation of Santa Barbara inspires, encourages, and supports Santa Barbara County students to and through college, graduate, and vocational school by providing information, advising, and scholarships.

The nation's largest community-based provider of college scholarships, the Scholarship Foundation has cumulatively awarded in excess of $123 million to more than 50,000 county students since its founding in 1962. The Foundation awarded $7.98 million in scholarships to 2,447 county students in May 2019.

Scholarship Foundation workshops and financial aid advisory appointments at school sites and our offices serve more than 25,000 individuals each year.

Impact Information

This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. The cost-effectiveness calculation was performed using protocols developed by ImpactMatters, an independent auditor of philanthropic impact.

For nonprofits that run multiple programs, we highlight the impact of one program below.  Learn More about Impact Information.
Program Name: Scholarship Foundation Of Santa Barbara
Program Activities
Scholarship Foundation Of Santa Barbara grants scholarships to beneficiaries.
Impact Statement
$3,500 increases income for a scholarship recipient in need by $4,500.
Impact Assessment
4/5
Assessment Benchmark
Impact assessments of postsecondary scholarship programs are based on income generated relative to cost. Programs receive a 5/5 assessment if they increase income for a recipient by more than $1.50 for every $1 spent and a 4/5 assessment if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a 3/5 assessment.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Scholarship Foundation Of Santa Barbara.
Data Source
Output data collected during the program. Scholarship Foundation Of Santa Barbara publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of June 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.52

Accountability & Transparency

four stars

100.00

This rating was published 05/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
89.8%
  Administrative Expenses 4.8%
  Fundraising Expenses 5.2%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 1.53
  Program Expenses Growth 1.0%
  Liabilities to Assets 13.6%
All data for Financial Performance Metrics calculations was provided by Scholarship Foundation of Santa Barbara on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Scholarship Foundation of Santa Barbara on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,120,676
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $178,450
   Related Organizations $0
   Government Grants $0
Total Contributions $7,299,126
   Program Service Revenue $85,392
Total Primary Revenue $7,384,518
   Other Revenue $5,754,569
TOTAL REVENUE $13,139,087
   
EXPENSES  
   Program Expenses $8,993,405
   Administrative Expenses $561,495
   Fundraising Expenses $516,812
TOTAL FUNCTIONAL EXPENSES $10,071,712
   
Payments to Affiliates $0
Excess (or Deficit) for the year $3,067,375
   
Net Assets $48,151,991

Charts

Compensation % of Expenses Paid to Title
$226,716 2.25% Candace Winkler President, CEO
Other Salaries of Note
$107,806 1.07% Barbara Robertson Interim President, CEO

Mission

For more than 50 years, the Scholarship Foundation of Santa Barbara has helped local students access postsecondary education.

The Scholarship Foundation of Santa Barbara inspires, encourages, and supports Santa Barbara County students to and through college, graduate, and vocational school by providing information, advising, and scholarships.

The nation's largest community-based provider of college scholarships, the Scholarship Foundation has cumulatively awarded in excess of $123 million to more than 50,000 county students since its founding in 1962. The Foundation awarded $7.98 million in scholarships to 2,447 county students in May 2019.

Scholarship Foundation workshops and financial aid advisory appointments at school sites and our offices serve more than 25,000 individuals each year.

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship Foundation of Santa Barbara (CA) 91.88 four stars
Take Stock in Children Palm Beach County (FL) 93.38 four stars
Tri-County Scholarship Fund (NJ) 95.06 four stars
Point Foundation (CA) 87.42 three stars
Great Aspirations Scholarship Program (VA) 100.00 four stars

Compare These Charities (Highly Rated)

Charity Contact Info

Scholarship Foundation of Santa Barbara
2253 Las Positas Road
Santa Barbara, CA 93105
tel: (805) 687-6065
fax: (805) 687-6031
EIN: 23-7087774

Mail donations to:
P.O. Box 3620
Santa Barbara, CA 93130

Visit Web Site

Board Leadership

Christie Glanville
Board Chair

CEO

Barbara Robertson
President, CEO