NonprofitsFormative Foundation

Education

Formative Foundation

GOLETA, CA

Total revenue

$831K

Total expenses

$853K

Net assets

$4.6M

Grants received

$2.9M

18 grants

EIN

261115393

Tax year

2023

Mission

The purpose of the organization is to operate for charitable and educational purposes, including but not limited to supporting transformative educational experiences in steam (science, technology, engineering, arts and math) for people of all ages.

Programs

2 programs

Mechatronics program - the new capstone project for senior year students. This project involves the comprehensive design, prototyping, fabrication and exhibition of a museum-quality kinetic exhibit.

Expenses: $242KGrants: $133K

Steam museum - the foundation and the santa barbara unified school district are collaborating on improving and expanding the academy facilities through the addition of a new state-of-the-art career technical education pavilion facility that will support the product innovation and design and media arts pathways at dphs. As planned, the facility will include a first-of-its-kind, steam teaching and learning museum in which students will display and demonstrate their professional-quality work and serve as docents and guides. The facility will be open to serve the community and be experienced as a year-round maker faire. The facility will also serve as a training institute for teachers from around the country.

Expenses: $1KGrants: $888

Financials

FY 2023

Revenue

Contributions & grants$641K
Program service revenue
Investment income$190K
Other revenue
Total revenue$831K

Expenses

Grants paid$357K
Salaries & benefits$315K
Fundraising$155K
Other expenses$181K
Total expenses$853K
Total assets$5.1M
Net assets$4.6M

People

9 listed

NameRoleCompensation

GARY SIMPSON

CEO

Board

$100K

20 hrs/wk

LIZ SALENTINE

SECRETARY

Board

2 hrs/wk

JAMIE FLINT

TREASURER

Board

5 hrs/wk

LISA COUCH

DIRECTOR

Board

2 hrs/wk

MIKE BROWN

VICE PRESIDENT

Board

2 hrs/wk

ECKART MEIBURG

DIRECTOR

Board

2 hrs/wk

MICHELLE PICKETT

PRESIDENT

Board

4 hrs/wk

JOHN MCCLURE

DIRECTOR

Board

2 hrs/wk

GREG HARTLEY

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 18 of 18

FromAmountPurposeYear
$105K
For grant recipient's exempt purposes
2023
$23K
EDUCATION AND YOUTH DEVELOPMENT
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$20K
EDUCATIONAL INSTITUTIONS
2022
$15K
CHARITABLE DONATION
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$7K
For grant recipient's exempt purposes
2022
$7K
SBCC INTERNS - DOS PUEBLOS ENGINEERING
2022
$6K
GENERAL SUPPORT
2022
$10K
For recipient's exempt purpose
2021
$2.5M
For grant recipient's exempt purposes
2020
$22K
EDUCATION
2020
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$41K
For grant recipient's exempt purposes
2019
$26K
For grant recipient's exempt purposes
2018

Funded by

$2.9M from 8 funders · 18 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$2.7M · 5 grants · 2018–2023

Santa Barbara Foundation

$65K · 3 grants · 2020–2023

Vanguard Charitable Endowment Program

$40K · 4 grants · 2020–2023

American Online Giving Foundation Inc

$29K · 2 grants · 2022–2024

Charities Aid Foundation America

$15K · 1 grant · 2022

The Foundation For Santa Barbara

$7K · 1 grant · 2022

The Blackbaud Giving Fund

$6K · 1 grant · 2022

Details

EIN261115393
NTEE codeB90
Subsection03
Ruling date2007-12
Formed2007
Employees5
Volunteers0
FORMATIVE FOUNDATION — Mission, Financials & Grants Received | Grantivo