The Scholarship Foundation of Santa Barbara has received nine consecutive four-star ratings from nonprofit evaluator Charity Navigator. The rating – Charity Navigator’s highest – indicates superior financial efficiency and transparency in Scholarship Foundation operations. The Foundation has received 18 four-star ratings in 19 years.
Each year, an Audit Committee retains and meets with an independent accounting firm that conducts the annual audit. The Audit Committee also meets with the auditor, independent of any staff, to discuss findings. The Board’s Executive Committee and Finance Committee meet to review financial performance and conduct general oversight.
Audit Reports: Our financial statements with related footnotes, prepared in accordance with generally accepted accounting principles.
Federal Form 990: The Form 990 is filed with the Internal Revenue Service. It has financial data from our audit as well as information on our management structure, sources of support, program activities, and compliance with regulations.