Wyatt Family Foundation
Nonprofit profile at a glance
- EIN
- 931503406
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Santa Barbara, CA, USA
- Phone
- 8059631873
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $68,323,694
- Expenses
- $1,113,290
- Assets
- $66,399,315
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- GEOFREY K WYATT (DIRECTOR AND PRESIDENT)
- MONICA B WYATT (DIRECTOR AND CO-VICE PRESIDENT)
- CLIFFORD D WYATT (DIRECTOR AND CO-VICE PRESIDENT)
Highest reported compensation
- JACQUELINE CARRERA (DIRECTOR): $541,304 total reported compensation
- TODD YUBA (DIRECTOR AND TREASURER): $354,465 total reported compensation
- TAMMY SIMS JOHNSON (DIRECTOR AND SECRETARY): $273,866 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support the activities of the santa barbara foundation ("sbf").
What it reported doing in 2024
Wyatt family foundation ("wff") will operate to support or benefit, perform the functions of, and/or carry out the purposes of sbf. The charitable activities engaged in by wff, including without limitation grantmaking to sbf and similarly described organizations with a primary mission that is consistent with and complementary to, and further the charitable purposes of, sbf, shall include providing funds for (i) breast cancer institutions, (ii) animal rights organizations, (iii) scholarships for promising high school and college students who plan on studying science, technology, engineering and math (stem), (iv) environmental initiatives, (v) support for the arts, (vi) support for the hungry and poor and (vii) other local santa barbara area charitable organizations and programs.
Operating model
- Revenue model
- Affiliate-supported. 99% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 60
- Accountability: 76
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.9%; rating input score 2
- Program expense ratio: 81.8%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 19th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 98.4%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 59.64; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
- Officer compensation ratio: 18%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 1.9% of revenue deployed · 81.8% of spending went to programs
- Governance: 6 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $910K in reported program spending
- Leadership: top reported pay $541K · 9 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 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.
- High — Financial Efficiency: Mission deployment rate scored 2/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.