Civic Intelligence

Casa Del Herrero

990 • Fiscal year 2018 • EIN 77-0340301

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 26, 2019

1387 East Valley RoadSanta Barbara, CA 93108-1202

(805) 565-5653

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

29th percentile

-3.0%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$94,192

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

25th percentile

-3.7%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-18%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,415,426

Down $205,630 (-3.7%) from 2017

Net Assets

Down

$5,406,509

Down $178,878 (-3.2%) from 2017

Liabilities

Down

$8,917

Down $26,752 (-75%) from 2017

Revenue

Down

$603,545

Down $131,388 (-18%) from 2017

Expenses

Up

$621,449

Up $14,161 (+2.3%) from 2017

Net Income

Down

-$17,904

Down $145,549 (-114%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $6,669,917Liabilities 2014: $35,9582014Assets 2015: $6,731,001Liabilities 2015: $21,5532015Assets 2016: $7,254,688Liabilities 2016: $28,588Net Assets 2016: $7,226,1002016Assets 2017: $5,621,056Liabilities 2017: $35,669Net Assets 2017: $5,585,3872017Assets 2018: $5,415,426Liabilities 2018: $8,917Net Assets 2018: $5,406,5092018Assets 2019: $5,899,129Liabilities 2019: $12,547Net Assets 2019: $5,886,5822019Assets 2020: $6,426,224Liabilities 2020: $17,244Net Assets 2020: $6,408,9802020Assets 2021: $6,907,545Liabilities 2021: $22,668Net Assets 2021: $6,884,8772021Assets 2022: $5,937,822Liabilities 2022: $33,499Net Assets 2022: $5,904,3232022Assets 2023: $6,289,371Liabilities 2023: $48,990Net Assets 2023: $6,240,3812023Assets 2024: $7,827,700Liabilities 2024: $96,099Net Assets 2024: $7,731,6012024

Highlighted filing

2018

Assets$5,415,426
Liabilities$8,917
Net Assets$5,406,509

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $808,847Expenses 2014: $606,237Net Income 2014: $202,6102014Revenue 2015: $699,266Expenses 2015: $627,724Net Income 2015: $71,5422015Revenue 2016: $547,036Expenses 2016: $546,923Net Income 2016: $1132016Revenue 2017: $734,933Expenses 2017: $607,288Net Income 2017: $127,6452017Revenue 2018: $603,545Expenses 2018: $621,449Net Income 2018: -$17,9042018Revenue 2019: $659,442Expenses 2019: $710,312Net Income 2019: -$50,8702019Revenue 2020: $948,672Expenses 2020: $621,755Net Income 2020: $326,9172020Revenue 2021: $812,569Expenses 2021: $706,922Net Income 2021: $105,6472021Revenue 2022: $454,522Expenses 2022: $647,781Net Income 2022: -$193,2592022Revenue 2023: $720,809Expenses 2023: $982,933Net Income 2023: -$262,1242023Revenue 2024: $2,412,690Expenses 2024: $1,392,949Net Income 2024: $1,019,7412024

Highlighted filing

2018

Revenue$603,545
Expenses$621,449
Net Income-$17,904
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 26, 2019
Return Version
2018v3.1
Gross Receipts
$896,796
Mission and Program Overview

Mission

Casa del herrero's mission is to maintain, preserve and restore the house, furnishings, gardens and history of the steedman/bass estate for the benefit of the community, visiting public, scholars, educators, and students.

To maintain, preserve and restore the house, furnishings, gardens and history of the steedman/bass estate for the benefit of the community, visiting public, scholars, educators, and students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,748,711$2,757,063▲ $8,352
Investments in Publicly Traded Securities$2,571,366$2,456,979▼ $114,387
Savings and Temporary Cash Investments$194,135$114,854▼ $79,281
Accounts Receivable$17,037--
Prepaid Expenses and Deferred Charges$15,840--
Inventories for Sale or Use$7,104$11,305▲ $4,201
Cash and Non-Interest-Bearing Accounts$363$350▼ $13
Total Assets$5,621,056$5,415,426▼ $205,630
Other Assets Total$66,500$74,875▲ $8,375
Liabilities
Accounts Payable and Accrued Expenses$27,169--
Other Liabilities$7,900$8,917▲ $1,017
Deferred Revenue$600--
Total Liabilities$35,669$8,917▼ $26,752
Net Assets / Fund Balance
Unrestricted Net Assets$4,096,866$3,956,527▼ $140,339
Permanently Rstr Net Assets$1,000,000$1,008,375▲ $8,375
Temporarily Rstr Net Assets$488,521$441,607▼ $46,914
Total Net Assets Fund Balance$5,585,387$5,406,509▼ $178,878
Total Liabilities and Net Assets / Fund Balance$5,621,056$5,415,426▼ $205,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,121,523$2,095,200$3,216,723
Land$1,275,000-$1,275,000
Other Land Buildings$310,397-$310,397
Equipment$50,143-$50,143

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,606,444-▼ $148,202-$1,441,607
2017$1,460,971-▲ $248,582$87,665$1,606,444
2016$1,458,136-▲ $110,940$93,902$1,460,971
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jessica TadeExecutive DirectorFT$94,192$94,192
Revenue and Support

Revenue Composition

Contributions and Grants
$502,032
Program Service Revenue
$40,305
Investment Income
$62,210
Other Revenue
$-1,002
All Other Contributions
$204,963
Change in Net Assets
$-17,904

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Collectibles1$8,375Appraisal
Securities Publicly Traded2$6,422Fair Market Value
Total Noncash Contributions3$14,797-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,329
Other Expenses$309,120
Total Fundraising Expense$63,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,109$31,874$16,776$167,759
Occupancy$77,586$14,547$4,849$96,982
Current Officers, Directors, Trustees, and Key Employees$36,264$36,264$21,664$94,192
Depreciation Depletion$81,736$4,303-$86,039
Office Expenses$958$29,713$1,278$31,949
Other Employee Benefits$21,145$5,659$2,978$29,782
Fees for Services Accounting-$27,587-$27,587
Fees for Service Investment Mgmnt Fees-$27,427-$27,427
Payroll Taxes$12,217$5,357$3,022$20,596
Advertising$8,700-$8,701$17,401
Insurance$3,910$3,812$2,053$9,775
Information Technology$176$5,428$233$5,837
Fees for Services Other$1,553$1,904$1,553$5,010
Conferences and Meetings$1,113--$1,113
Total Functional Expenses$364,467$193,875$63,107$621,449
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$72,721
Fundraising Gross Income$14,280
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Christmas Gala$167,180$8,560$15,820$-7,260
Art Event$121,595$5,720$8,341$-2,621
Total Events$288,775$14,280$72,721$-58,441
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$7,900
Credit Card Payable$511
Sales Tax Payable$506
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Section A, Line 2

Three board members are related and decedents of the steedman family.

Form 990, Part VI, Section B, Line 11B

The full form 990 is reviewed in detail by the board treasurer and executive director. The public disclosure copy of the form 990 is provided to all other members of the board of directors for review and comment prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Signed statements regarding potential conflicts of interest are required from board members on an annual basis.

Form 990, Part VI, Section B, Line 15

The salary of the executive director is set by the board of directors after a review of current comparative data of similar california nonprofits.

Form 990, Part VI, Section C, Line 19

The most recent form 990 is available on the website. Governing documents and form 1023 are available upon request.

Filing and Contact Details

Filer

Filer Name
Casa Del Herrero
EIN
77-0340301
Phone
8055655653
Address
1387 EAST VALLEY ROAD, SANTA BARBARA, CA 93108-1202

Signing Officer

Name
Jessica Tade
Title
Executive Director
Phone
8056961554
Signed
2019-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Tade
Formed
1993
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
7
Volunteers
86

Preparer

Firm
Damitz Brooks Nightingale
Address
200 EAST CARRILLO STREET SUITE 303, SANTA BARBARA, CA 93101
Preparer
Catherine Macaulay
Phone
8059631837
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, 1: CHANGE IN ACCOUNTING METHOD

The organization has always maintained its books of record on a modified cash basis and performed adjustments at the end of the year to record the amount of receivables and payables as necessary. It was determined that a more accurate view of the operations was to report on the cash basis of accounting.

FORM 990, PART XII, 2C: COMMITTEE OVERSIGHT OF COMPILATION

The executive director and treasurer are designated to assume responsibility for oversight of the preparation of the compiled financial statements.

Financial Statement Notes

PART III, LINE 4:

The organization's collections are historically significant artifacts from the "golden age of spain" (15th-16th century), and further the organization's mission to maintain, preserve and restore the house, furnishings, gardens, and history of the estate for the benefit of the community and others.

PART V, LINE 4:

The intended use for the endowment funds will be to carry on the organization's mission statement.

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IRS990/ActivityOrMissionDesc0TO MAINTAIN, PRESERVE AND RESTORE THE HOUSE, FURNISHINGS, GARDENS AND HISTORY OF THE STEEDMAN/BASS ESTATE FOR THE BENEFIT OF THE COMMUNITY, VISITING PUBLIC, SCHOLARS, EDUCATORS, AND STUDENTS.
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IRS990/Desc0WHEN VISITORS COME TO CASA DEL HERRERO, OR THE "HOUSE OF THE BLACKSMITH," THEY ARE TRANSPORTED BACK TO MONTECITO IN THE 1920S AND 1930S - THE HEYDAY OF THE ORIGINAL OWNER GEORGE FOX STEEDMAN. DESIGNED BY GEORGE WASHINGTON SMITH, THE CASA IS ONE OF THE FINEST EXAMPLES OF SPANISH COLONIAL REVIVAL ARCHITECTURE IN AMERICA. IT IS INCLUDED ON THE NATIONAL REGISTER OF HISTORIC PLACES, AND MAINTAINS NATIONAL HISTORIC LANDMARK STATUS IN PART DUE TO ITS ECLECTIC MIX OF COUNTRY PLACE ERA AND MOORISH INSPIRED GARDENS CREATED BY RALPH STEVENS, LOCKWOOD DE FOREST, AND FRANCIS T. UNDERHILL. TODAY, THE 11-ACRE ESTATE OPERATES WITH THE GOAL OF PRESERVING THE HOUSE AND GROUNDS, AS WELL AS THE STEEDMAN FAMILY'S COLLECTION OF FIFTEENTH AND SIXTEENTH-CENTURY FINE AND DECORATIVE ART OBJECTS FROM THE "GOLDEN AGE" OF SPAIN, BOOKS, SKETCHBOOKS, DRAWINGS, AND HORTICULTURAL RECORDS. CASA DEL HERRERO IS PRESERVED AND STEWARDED FOR THE BENEFIT OF THE COMMUNITY.IN A TYPICAL YEAR, CASA DEL HERRERO IS VISITED BY MORE THAN 2,500 PEOPLE, WHICH INCLUDES INDIVIDUALS TAKING THE GUIDED TOUR, SCHOOL CHILDREN, AND LIFELONG LEARNERS. VISITORS ON THE GUIDED TOUR INCLUDE THE MONTECITO AND GREATER SANTA BARBARA COMMUNITIES IN ADDITION TO INDIVIDUALS VISITING FROM THROUGHOUT THE UNITED STATES, AND BEYOND. NINETY MINUTE TOURS ARE AVAILABLE ON WEDNESDAYS AND SATURDAYS AT 10:00 A.M. AND 2:00 P.M., AND REQUIRE ADVANCED RESERVATIONS.CHILDREN HAVE THE BENEFIT OF LEARNING ABOUT THE HISTORY OF THE HOUSE, THE ART COLLECTION, AND GARDEN PLANTS THROUGH SCHOOL FIELD TRIPS WHILE LIFELONG LEARNERS ARE OFTEN COMPRISED OF GARDEN ENTHUSIASTS AND ARTISANS. EIGHTY-SIX VOLUNTEERS PROVIDE A GREAT BENEFIT GIVING MORE THAN 3,000 HOURS TO SUPPORT CASA'S NEEDS INCLUDING LEADING THE GUIDED TOURS, AND PROVIDING GARDEN MAINTENANCE. IN ADDITION, FRUIT FROM THE CASA'S EXTENSIVE ORCHARD IS GIVEN TO THE FOODBANK OF SANTA BARBARA COUNTY AS PART OF ITS BACKYARD BOUNTY PROGRAM. WITH MORE THAN 500 POUNDS OF FRUIT GLEANED AT A TIME, THE CASA IS CONTRIBUTING THOUSANDS OF POUNDS OF PRODUCE TO THE ONE IN FOUR INDIVIDUALS EXPERIENCING FOOD INSECURITY THROUGHOUT THE COUNTRY.ADDITIONALLY, COMMUNITY OUTREACH WAS PROVIDED THROUGHOUT THE YEAR IN THE FORM OF DONOR ENGAGEMENT, MEMBERSHIP, EVENT INVITATIONS, PUBLICITY AND ADVERTISING, AND COMMUNITY PRESENTATIONS.
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IRS990/Form990PartVIISectionAGrp/PersonNm18CHRIS BLAU
IRS990/Form990PartVIISectionAGrp/PersonNm19SUSAN JACKSON RESIGNED 2018
IRS990/Form990PartVIISectionAGrp/PersonNm20JESSICA TADE
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
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IRS990/FundraisingGrossIncomeAmt014280
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt013134
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IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17904
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
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IRS990/RevenueAmt053439
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0194135
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0114854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0502032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0382944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0383027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0200002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0358279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01826284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt094870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0139632

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Peer Organizations

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