The Orfalea Fund C/o Santa Barbara Foundation

Nonprofit profile at a glance

EIN
731666502
IRS 990 coverage
2013–2015
Forms available
Form 990 2015
Location
Santa Barbara, CA, USA
Phone
8059631873
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$133,017
Expenses
$8,893,736
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • LOIS MITCHELL (PRESIDENT)
  • CATHERINE BROZOWSKI (VICE PRESIDENT)

Highest reported compensation

  • LOIS MITCHELL (PRESIDENT): $610,631 total reported compensation
  • CATHERINE BROZOWSKI (VICE PRESIDENT): $348,029 total reported compensation
  • ADRIANNA FOSS (EARLY CHILDHOOD ED DIRECTOR): $271,352 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The orfalea fund's mission is to strengthen communities by empowering individuals through engaging in charitable activities which are consistent with the charitable purposes of the santa barbara foundation.

What it reported doing in 2015

Reach works to prepare students for lives of purposeful action, continuous learning and the courageous pursuit of opportunity. We do this by establishing relationships with students and providing them experiential educational opportunities to build life skills. We focus on creating a post secondary educational plan, basic financial management skills, food literacy, personal development, outdoor adventure and connection with nature, and community involvement. Reach is a 4 year program that bridges the transition period from high school into adulthood. Accomplishments in 2015 included an 8 day backpack trip in the sierras, 2 webinar based events per month focused on financial management, education plans and food literacy and a 5 day rock climbing trip to joshua tree national park for the 2013 cohort. The 2012 cohort completed a 2 day overnight front country camping trip, a 5 day college skills training trip to san diego and 2 webinars per month focused on the reach core areas.

Operating model

Revenue model
Investment-supported. 95% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 60% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 86
  • Accountability: 66
  • Sustainability: 3
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 57th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 15th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -6,586.2%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 18%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 24.3% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -99.5% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -93.4% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.4% of spending went to programs
  • Governance: 3 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $8.4M in reported program spending
  • Leadership: top reported pay $611K · 10 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $423K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 3 filing years from 2013 to 2015
  • Contacts: How to reach this organization
  • Money network: 44 filed money-flow records
  • Related organizations: 42 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.