Goleta Valley Cottage Hospital Foundation
- Assets
- $9.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Goleta, CA
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 77-0003554
Organization Overview
Goleta Valley Cottage Hospital Foundation is located in Goleta, CA. The organization was established in 1983. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goleta Valley Cottage Hospital Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Goleta Valley Cottage Hospital Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOLETA VALLEY COTTAGE HOSPITAL FOUNDATION OPERATES SOLELY FOR THE BENEFIT OF GOLETA VALLEY COTTAGE HOSPITAL. IT IS ORGANIZED SPECIFICALLY TO DEVELOP, MANAGE AND CHANNEL THE COMMUNITY'S PHILANTHROPIC SUPPORT ON BEHALF OF THE GOLETA VALLEY COTTAGE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT EQUIPMENT NEEDS AND OPERATIONS OF GOLETA VALLEY COTTAGE HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $860,812 |
| Noncash contributions included in lines 1a–1f | $110,819 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,812 |
| Total Program Service Revenue | $0 |
| Investment income | $141,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $728,130 |
| Grants and other assistance to domestic individuals. | $17,009 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $208,716 |
| Fees for services: Legal | $135 |
| Fees for services: Accounting | $32,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,039 |
| Fees for services: Other | $48,081 |
| Advertising and promotion | $0 |
| Office expenses | $1,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,058,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,629 |
| Savings and temporary cash investments | $167,141 |
| Pledges and grants receivable | $4,714,450 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,932,448 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,915 |
| Total assets | $9,122,583 |
| Accounts payable and accrued expenses | $23,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,325 |
| Net assets without donor restrictions | $2,807,793 |
| Net assets with donor restrictions | $6,291,465 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,122,583 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Goleta Valley Cottage Hospital Foundation has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Gretler Foundation Santa Barbara, CA PURPOSE: EQUIPMENT & TECHNOLOGY FUND | $50,000 |
Writer Family Foundation Santa Barbara, CA PURPOSE: CHARITABLE SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $300,000 |
| Ending Balance | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Cochise Community Hospital Inc Willcox, AZ | $20,177,243 | $20,842,048 |
Sharp Healthcare Foundation San Diego, CA | $131,027,036 | $23,927,952 |
Molokai General Hospital Kaunakakai Molokai, HI | $24,900,485 | $18,403,265 |
South Lyon Health Center Inc Yerington, NV | $12,479,449 | $17,444,997 |
Santa Teresita Inc Duarte, CA | $33,884,030 | $11,712,554 |
San Fernando Community Hospital San Fernando, CA | $15,167,403 | $13,045,007 |
Soulistic Medical Institute Tubac, AZ | $5,065,904 | $11,589,434 |
Mercy Foundation Rancho Cordova, CA | $58,980,931 | $11,466,050 |
Feather River Hospital Roseville, CA | $102,819,341 | $4,238,478 |
Surprise Valley Health Care District Cedarville, CA | $5,751,575 | $9,137,773 |
Sihanouk Hosiptal Corporation San Diego, CA | $2,845,780 | $8,524,601 |
Westcare Illinois Inc Las Vegas, NV | $4,249,058 | $8,201,821 |