Civic Intelligence

Santa Barbara Showgrounds Foundation

990 • Fiscal year 2014 • EIN 46-1842862

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

3400 Calle RealSanta Barbara, CA 93105

(805) 310-1315

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

63rd percentile

9.6%

Higher net margin than 63% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

87th percentile

68%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$77,735

Up $31,551 (+68%) from 2013

Net Assets

Up

$77,735

Up $31,551 (+68%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$328,620

Up $49,752 (+18%) from 2013

Expenses

Up

$297,069

Up $64,385 (+28%) from 2013

Net Income

Down

$31,551

Down $14,633 (-32%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2013: $46,184Liabilities 2013: $0Net Assets 2013: $46,1842013Assets 2014: $77,735Liabilities 2014: $0Net Assets 2014: $77,7352014Assets 2015: $78,875Liabilities 2015: $0Net Assets 2015: $78,8752015Assets 2016: $87,557Liabilities 2016: $0Net Assets 2016: $87,5572016Assets 2017: $87,504Liabilities 2017: $0Net Assets 2017: $87,5042017Assets 2018: $98,053Liabilities 2018: $0Net Assets 2018: $98,0532018Assets 2019: $70,654Liabilities 2019: $0Net Assets 2019: $70,6542019Assets 2020: $78,610Liabilities 2020: $900Net Assets 2020: $77,7102020Assets 2021: $89,959Liabilities 2021: $900Net Assets 2021: $89,0592021Assets 2022: $130,955Liabilities 2022: $0Net Assets 2022: $130,9552022Assets 2023: $188,950Liabilities 2023: $0Net Assets 2023: $188,9502023Assets 2024: $161,754Liabilities 2024: $0Net Assets 2024: $161,7542024

Highlighted filing

2014

Assets$77,735
Liabilities$0
Net Assets$77,735

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2013: $278,868Expenses 2013: $232,684Net Income 2013: $46,1842013Revenue 2014: $328,620Expenses 2014: $297,069Net Income 2014: $31,5512014Revenue 2015: $333,608Expenses 2015: $332,468Net Income 2015: $1,1402015Revenue 2016: $305,241Expenses 2016: $296,559Net Income 2016: $8,6822016Revenue 2017: $268,847Expenses 2017: $268,900Net Income 2017: -$532017Revenue 2018: $268,327Expenses 2018: $257,778Net Income 2018: $10,5492018Revenue 2019: $265,717Expenses 2019: $293,116Net Income 2019: -$27,3992019Revenue 2020: $41,551Expenses 2020: $34,495Net Income 2020: $7,0562020Revenue 2021: $219,118Expenses 2021: $207,769Net Income 2021: $11,3492021Revenue 2022: $533,889Expenses 2022: $491,993Net Income 2022: $41,8962022Revenue 2023: $603,495Expenses 2023: $545,500Net Income 2023: $57,9952023Revenue 2024: $277,809Expenses 2024: $305,005Net Income 2024: -$27,1962024

Highlighted filing

2014

Revenue$328,620
Expenses$297,069
Net Income$31,551
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$328,620
Mission and Program Overview

Mission

Promote events at earl warren showgrounds to support capital improvements and ongoing operations.

perform fund raisers at show grounds to raise money for capital improvements to support ongoing operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,924$69,670▲ $31,746
Land, Buildings, and Equipment, Net$560$365▼ $195
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$46,184$77,735▲ $31,551
Other Assets Total$7,700$7,700→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$46,184$77,735▲ $31,551
Total Net Assets Fund Balance$46,184$77,735▲ $31,551
Total Liabilities and Net Assets / Fund Balance$46,184$77,735▲ $31,551

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$365$219$584
Other Assets Org$7,700--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Laura DeweyPresident & CEO
Kelly JensenVice President
Arthur NajeraDirector
Brad EmersonDirector
Deborah AcevesSecretary
Edgar SandsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$328,620
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$31,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,314
Grants and Similar Amounts Paid$9,755
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$17,981--$17,981
Grants to Domestic Orgs$9,755--$9,755
Insurance$3,780--$3,780
Other Expenses$1,448$110-$1,558
Fees for Services Accounting-$1,200-$1,200
All Other Expenses$535$156-$691
Fees for Services Other-$425-$425
Depreciation Depletion-$195-$195
Total Functional Expenses$294,983$2,086$0$297,069
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

the organization Treasurer reviews the 990 before filing

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization gladly provides its governing documents, policies and financial statements upon request by member of the public.

Filing and Contact Details

Filer

Filer Name
Santa Barbara Showgrounds Foundation
EIN
46-1842862
Address
3400 CALLE REAL, SANTA BARBARA, CA 93105

Signing Officer

Name
Laura Dewey
Title
President
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Walpole & Co LLP
Address
70 Santa Felicia Drive, Goleta, CA 93117
Preparer
Yusuf a Balogun CPA
Phone
8055699864
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the organization Treasurer reviews the 990 before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization gladly provides its governing documents, policies and financial statements upon request by member of the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt046184
IRS990/TotalAssetsEOYAmt077735
IRS990/TotalAssetsGrp/BOYAmt046184
IRS990/TotalAssetsGrp/EOYAmt077735
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0294983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0297069
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt046184
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt077735
IRS990/TotalProgramServiceExpensesAmt0294983
IRS990/TotalProgramServiceRevenueAmt0328620
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0328620
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0328620
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046184
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt077735
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt046184
IRS990/UnrestrictedNetAssetsGrp/EOYAmt077735
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Dewey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SANTA BARBARA SHOWGROUNDS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SANT
ReturnHeader/Filer/EIN0461842862
ReturnHeader/Filer/USAddress/AddressLine1Txt03400 CALLE REAL
ReturnHeader/Filer/USAddress/CityNm0SANTA BARBARA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093105
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Walpole & Co LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 Santa Felicia Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Goleta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093117
ReturnHeader/PreparerPersonGrp/PhoneNum08055699864
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YUSUF A BALOGUN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-15T15:41:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.62$2.78$3.05$0.27
2023Summary only. Only limited summary data is available for this year.$1.89$0.00$1.89$6.03$5.46$0.58
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$5.34$4.92$0.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.01$0.89$2.19$2.08$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.01$0.78$0.42$0.34$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.00$0.71$2.66$2.93$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$2.68$2.58$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.00$0.88$2.69$2.69$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$3.05$2.97$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$3.34$3.32$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$3.29$2.97$0.32
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$2.79$2.33$0.46