The Terrace Foundation

What it reported doing in 2024

See schedule oprograms at the terrace foundation:- vets2farmers - training veterans skills that will allow them to be self-sufficient and be productive members of our society.- farms4heros - inner city program that works with urban veterans utilizing open spaces to create gardens that can be a source for education, generating income, and job training.- food distribution - distribution of produce grown in the terrace foundation urban farm to designated food deserts within the santa barbara area. The two communities that have been deemed food deserts are the lower eastside and the lower westside neighborhoods. Providing low-income residents with fresh healthy nutritious locally grown produce. Food distribution is carried out by the amen program which manages all the operation details.- calfresh - due to a local community deficiency the terrace foundation developed a program that will support calfresh recipients by selling under market rate fresh produce. Helping many calfresh recipients improve their eating habits and thus their health. The terrace foundation also helps qualify individuals making the process accessible to those that otherwise would not be aware of social programs.- comida fresca - the purpose is to provide fresh produce in a neighborhood that otherwise would not have access. The produce sold is fresh neighborhood produce locally grown with high nutritional value. The organization not only provides a gathering place for community members to mingle with each other but also supports community health.- ebt - to support the local community living in what has been deemed a food desert, the terrace foundation has been approved to receive ebt cards. The acceptance of ebt cards will be applied towards healthy meals, fresh produce, and seedlings. All services are rendered at the terrace foundation.- children's education - farm education is provided to underprivileged low-income children within the lower eastside and westside neighborhoods. The idea of the education program is to help community children live longer healthier sustainable lives by providing them with tools that support the sustainability cause. As children grow and learn, they share the educational tools with family and friends helping improve the overall quality of their community.- produce - organic, aeroponics, orchard grown on the urban farm at the terrace foundation.- csa (community supported agriculture) - a community supported agriculture program was started in 2021. The idea is to provide members of the csa program with meals and produce grown on the property and in return, our organization would raise funds to continue to provide the various services offered to those in need. The program ensures longevity for the nonprofit and sustainability of services rendered. The csa also helps spread the word about the organization and brings more and more attention to the terrace foundation's work. Essentially when an individual becomes a csa member, the donation amount goes toward meals served at pilgrim terrace cooperative homes, produce grown in the urban garden, or starter seedlings.program service accomplishments:- the terrace foundation provided 90,000 lbs of produce in order to feed low-income seniors and people with disabilities at pilgrim terrace cooperative homes. A santa barbara housing community. The contribution of produce provides fresh healthy highly nutritious locally grown produce to the kitchen of pilgrim terrace cooperative homes. The produce donated is utilized as ingredients for hot meals and as part of their fresh salad bar offered daily to the community that receives meals from ptch.- farm and garden education is rendered through various partnerships with other community-based nonprofit organizations. The terrace foundation partners with veggie iq, apples to zucchini, santa barbara school district, the turner foundation, and many other nutrition education organizations to provide instruction to low-income children in our community. Doing

Financial Efficiency

• Mission deployment rate: 51.8%; rating input score 52
• Program expense ratio: 72.5%; rating input score 72
• Fundraising efficiency: $65.8 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 28.4%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 0.46; rating input score 22; 22nd percentile among comparable filings
• Liabilities to assets ratio: 0.93; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 3.5%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: -5.5% per year; rating input score 0; 7th percentile among comparable filings
• Revenue growth: 17.1% per year; rating input score 100; 82nd percentile among comparable filings
• Asset growth: -1.7% per year; rating input score 0; 13th percentile among comparable filings