Kelly - Laustsen Family Foundation
Only null% goes to programs Strong reserves Declining revenue
Kelly - Laustsen Family Foundation is a 501(c)(3) organization based in Santa Barbara, California, registered in 2014, with $93,603 in FY2024 revenue. CharityIndex grades it C+.
1812 San Marcos Pass Rd, Santa Barbara, CA, 93105 EIN 90-1016482 Since 2014
Revenue (FY2024)
$94K
▼ 62.9% vs prior year
Education median: $200K
Expenses (FY2024)
$77K
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kelly - Laustsen Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating174 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kelly - Laustsen Family Foundation: 174 mo reserves · +17% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kelly - Laustsen Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kelly - Laustsen Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1812 San Marcos Pass Rd, Santa Barbara, CA, 93105
- City
- Santa Barbara
- State
- California
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue declined from $555K (FY2014) to $94K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.1M
Operating margin
17.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,603▼62.9% | $77,488▲6.7% | $1,124,060▲1.5% | $1,124,060▲1.5% | 990PF |
| 2023 | $252,080▼6.8% | $72,624▲8.2% | $1,107,945▲19.3% | $1,107,945▲19.3% | 990PF |
| 2022 | $270,430▲0.5% | $67,107▲21.0% | $928,489▲28.0% | $928,489▲26.2% | 990PF |
| 2021 | $269,214▲679% | $55,466▲12.3% | $725,166▲29.3% | $735,912▲31.2% | 990PF |
| 2020 | $34,538▼74.8% | $49,411▼13.2% | $560,778▼2.6% | $560,778▼2.6% | 990PF |
| 2019 | $137,207▼15.5% | $56,919▲4.4% | $575,651▲3.9% | $575,651▲1.0% | 990PF |
| 2018 | $162,348▼52.7% | $54,523▲18.2% | $553,873▼0.9% | $569,915▲2.0% | 990PF |
| 2017 | $343,012▲24.1% | $46,135▲23.2% | $558,728▲37.5% | $558,728▲37.5% | 990PF |
| 2016 | $276,302▲60.7% | $37,461▲69.4% | $406,231▲24.9% | $406,231▲24.9% | 990PF |
| 2015 | $171,987▼69.0% | $22,119▼8.4% | $325,230▲3.2% | $325,230▲3.2% | 990PF |
| 2014 | $555,026 | $24,154 | $315,022 | $315,022 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Kelly - Laustsen Family Foundation a legitimate nonprofit?
- Yes. Kelly - Laustsen Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 90-1016482, based in Santa Barbara, California. Donations are tax-deductible.
- What is Kelly - Laustsen Family Foundation's EIN?
- Kelly - Laustsen Family Foundation's Employer Identification Number (EIN) is 90-1016482.
- How much revenue does Kelly - Laustsen Family Foundation report?
- Kelly - Laustsen Family Foundation reported $93,603 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kelly - Laustsen Family Foundation have?
- CharityIndex grades Kelly - Laustsen Family Foundation C+, based on financial health (reserves and operating margin).
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Data for Kelly - Laustsen Family Foundation (EIN 90-1016482) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.