Civic Intelligence

The Terrace Foundation

990EZ • Fiscal year 2017 • EIN 82-2475808

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 02, 2019

649 Pilgrim Terrace DriveSanta Barbara, CA 93101

(805) 682-3618

Siviq Scores

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

Liabilities / Assets

98th percentile

2.76x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

20.28x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-1293%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

91st percentile

$45,463

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 279.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$119,494

No earlier filing loaded for comparison.

Net Assets

-$210,054

No earlier filing loaded for comparison.

Liabilities

$329,548

No earlier filing loaded for comparison.

Revenue

$16,249

No earlier filing loaded for comparison.

Expenses

$226,303

No earlier filing loaded for comparison.

Net Income

-$210,054

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2017: $119,494Liabilities 2017: $329,548Net Assets 2017: -$210,0542017Assets 2018: $111,020Liabilities 2018: $639,780Net Assets 2018: -$528,7602018Assets 2019: $106,310Liabilities 2019: $1,208,271Net Assets 2019: -$1,101,9612019Assets 2020: $75,764Liabilities 2020: $221,364Net Assets 2020: -$145,6002020Assets 2021: $98,014Liabilities 2021: $151,536Net Assets 2021: -$53,5222021Assets 2022: $53,082Liabilities 2022: $166,430Net Assets 2022: -$113,3482022Assets 2023: $40,756Liabilities 2023: $174,999Net Assets 2023: -$134,2432023Assets 2024: $169,985Liabilities 2024: $158,340Net Assets 2024: $11,6452024

Highlighted filing

2017

Assets$119,494
Liabilities$329,548
Net Assets-$210,054

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $16,249Expenses 2017: $226,303Net Income 2017: -$210,0542017Revenue 2018: $12,183Expenses 2018: $330,889Net Income 2018: -$318,7062018Revenue 2019: $9,687Expenses 2019: $582,888Net Income 2019: -$573,2012019Revenue 2020: $1,556,066Expenses 2020: $599,705Net Income 2020: $956,3612020Revenue 2021: $547,504Expenses 2021: $455,426Net Income 2021: $92,0782021Revenue 2022: $483,186Expenses 2022: $563,570Net Income 2022: -$80,3842022Revenue 2023: $520,040Expenses 2023: $540,935Net Income 2023: -$20,8952023Revenue 2024: $513,384Expenses 2024: $367,496Net Income 2024: $145,8882024

Highlighted filing

2017

Revenue$16,249
Expenses$226,303
Net Income-$210,054
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 2, 2019
Return Version
2017v2.2
Gross Receipts
$16,249
Mission and Program Overview

Mission

To abolish food deserts in underserved low-income communities, create the next generation of farmers, and provide healthy fresh produce to the under represented population. Through education, the goal of the terrace foundation is to teach the children and adults to live sustainably, own their food supply, and defeat food related illnesses such as diabetes, heart disease, and strokes.

Program Services

DescriptionGrantsExpenses
SANTA BARBARA PARKS & RECREATION PARTNERSHIPS: oCO-MANAGING COMMUNITY GARDEN PROGRAM AT PILGRIM TERRACE. PROVIDED NURSERY STOCK, SUPPORT, AND COMMUNITY ENVELOPMENT.MENTAL WELLNESS CENTER SANTA BARBARA: oPROVIDED 10 MICRO-FARM SYSTEM, DESIGNED, IMPLEMENTED AND PROVIDE FARM STOCK THAT IS GROWN ON SITE.EXPLORE ECOLOGY PARTNERSHIP: oCO-EDUCATION COLLABORATION SERVING KIDS FROM K-8 URBAN FARM PROGRAM. THE PROGRAM SUPPORTS 16 EDUCATORS AND A TOTAL OF 38 SCHOOLS.UCSB EDIBLE CAMPUS PROJECT: oGREENHOUSE GRADE PROJECT DEVELOPED AND IMPLEMENTED 6 GARDENS BEDS FOR 60 ENVIRONMENTAL SCIENCE STUDENTS. oISLA VISTA METHODIST CHURCH DESIGN, BUILT AND DONATED SEEDLINGS FOR 4 COMMUNITY GARDEN BEDS. oPEOPLE SELF-HELP HOUSING ISLA VISTA SUPPORTED NEW GARDEN BY PROVIDING/DONATING NURSERY STOCK.FOOD FROM THE HEAR: oEXCLUSIVELY GROW GREENS TO SERVING 160 PEOPLE IN CRISIS. TURNER FOUNDATION: oCURRENT 3-YEAR PROGRAM WORKING WITH 24 CONTINUING STUDENTS AGES 8 TO 15. DEVELOPED A PILOT PROGRAM GEARED AT 1 ON 1 MENTORSHIP FOR AT RISK MALE YOUTH.$181,043-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN JEFFRIESChairmanPT$45,463-$45,463
SEBASTIAN ALDANA JRPresident-$0--
ARMANDO RIVERASecretary-$0--
JESUS FLORESVice President-$0--
SAMANTHA ANDERSONVice President-$0--
Filing and Contact Details

Filer

Filer Name
The Terrace Foundation
EIN
82-2475808
Phone
8056823618
Address
649 PILGRIM TERRACE DRIVE, SANTA BARBARA, CA 93101

Signing Officer

Name
Manny Ayala
Title
Executive Director
Signed
2019-07-02
Discuss with paid preparer
Yes

Preparer

Firm
Walpole & Co LLP
Address
70 Santa Felicia Drive, Goleta, CA 93117
Preparer
Mark Jackson CPA
Phone
8055699864
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $23198

Other Expenses.1009

Depreciation $9317

Other Expenses.1

Repairs and Maintenance $16947

Other Expenses.2

OFFICE RENT $10500

Other Expenses.3

Executive housing rental $5120

Other Expenses.4

Office Supplies $1405

Other Assets.1003

Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $15412

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $4168

Total Liabilities.1007

Secured Mortgages and Notes Payable - Beginning $0 Secured Mortgages and Notes Payable - Ending $13379

Total Liabilities.1

DUE TO PILGRIM TERRACE - Beginning $0 DUE TO PILGRIM TERRACE - Ending $312001

Raw XML Appendix155 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $9317
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Repairs and Maintenance $16947
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE RENT $10500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE HOUSING RENTAL $5120
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office Supplies $1405
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $15412
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $4168
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MANNY AYALA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TERRACE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TERR
ReturnHeader/Filer/EIN0822475808
ReturnHeader/Filer/PhoneNum08056823618
ReturnHeader/Filer/USAddress/AddressLine1Txt0649 PILGRIM TERRACE DRIVE
ReturnHeader/Filer/USAddress/CityNm0SANTA BARBARA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093101
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 Santa Felicia Drive
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093117
ReturnHeader/PreparerPersonGrp/PhoneNum08055699864
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK JACKSON CPA
ReturnHeader/ReturnTs02019-07-02T08:48:26-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings