NonprofitsTerrace Foundation

Food, Agriculture & Nutrition

Terrace Foundation

SANTA BARBARA, CA

Total revenue

$513K

Total expenses

$367K

Net assets

$12K

Grants received

$2.1M

3 grants

EIN

822475808

Tax year

2024

Mission

To abolish food deserts in underserved low-income communities, create the next generation of farmers, and provide healthy fresh produce to the under represented population. Through education, the goal of the terrace foundation is to teach the children and adults to live sustainably, own their food supply, and defeat food related illnesses such as diabetes, heart disease, and strokes.to abolish food deserts in underserved low-income communities, create the next generation of farmers, and provide healthy fresh produce to the under represented population. Through education, the goal of the terrace foundation is to teach the children and adults to live sustainably, own their food supply, and defeat food related illnesses such as diabetes, heart disease, and strokes.

Financials

FY 2024

Revenue

Contributions & grants$180K
Program service revenue$334K
Investment income$189
Other revenue
Total revenue$513K

Expenses

Grants paid
Salaries & benefits$214K
Fundraising$3K
Other expenses$154K
Total expenses$367K
Total assets$170K
Net assets$12K

People

5 listed

NameRoleCompensation

LOUIS ALVARO

EXECUTIVE DIRECTOR

Board

$11K

20 hrs/wk

MANNY AYALA

FORMER EXECUTIVE DIRECTOR

Board

$2K

20 hrs/wk

DAVE SOMMERS

VICE PRESIDENT

Board

4 hrs/wk

DEAN VANECEK

TREASURER

Board

4 hrs/wk

MICHAEL VONDRAN

PRESIDENT

Board

20 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$167K
GENERAL SUPPORT
2024
$454K
PROGRAM SUPPORT
2022
$1.5M
PROGRAM SUPPORT
2020

Funded by

$2.1M from 1 funder · 3 grants · 2020–2024

Pilgrim Terrace Cooperative Homes

$2.1M · 3 grants · 2020–2024

Details

EIN822475808
NTEE codeK40
Subsection03
Ruling date2018-03
Formed2017
Employees13
Volunteers10
TERRACE FOUNDATION — Mission, Financials & Grants Received | Grantivo