Santa Barbara Cottage Hospital
- Assets
- $2.1b
- Revenue
- $927.3m
- Investments
- $297.2m
- Employees
- 3,665
- Location
- Santa Barbara, CA
- Founding
- 10/1938
- Data as of
- 12/2021
- EIN
- 95-1644629
Organization Overview
Santa Barbara Cottage Hospital is located in Santa Barbara, CA. The organization was established in 1938. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Santa Barbara Cottage Hospital employed 3,665 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara Cottage Hospital 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, Santa Barbara Cottage Hospital generated $927.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $847.1m during the year ending 12/2021. While expenses have increased by 3.6% 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.
Since 2014, Santa Barbara Cottage Hospital has awarded 185 individual grants totaling $26,250,096. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF SANTA BARBARA COTTAGE HOSPITAL TO PROVIDE SUPERIOR HEALTH CARE FOR AND IMPROVE THE HEALTH CARE OF OUR COMMUNITIES THROUGH A COMMITMENT TO OUR CORE VALUES OF EXCELLENCE, INTEGRITY, AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANTA BARBARA COTTAGE HOSPITAL IS A 519-BED ACUTE-CARE HOSPITAL LOCATED IN THE CITY OF SANTA BARBARA. IN 2022, THE HOSPITAL HAD 93,190 PATIENT DAYS, SERVED 131,402 OUTPATIENTS, INCLUDING EMERGENCY SERVICES TO 44,019 PATIENTS. THE HOSPITAL PROVIDES A WIDE ARRAY OF INPATIENT AND OUTPATIENT SERVICES, INCLUDING BUT NOT LIMITED TO THE AREAS OF CARDIOLOGY, ORTHOPEDICS, NEUROLOGY, TRAUMA, LABOR & DELIVERY, PSYCHIATRIC, NEONATAL INTENSIVE CARE, PEDIATRIC INTENSIVE CARE, PEDIATRICS, LABORATORY, IMAGING, THERAPY, DIABETES, ONCOLOGY, EMERGENCY AND REHABILITATION SERVICES. THE HOSPITAL IS DILIGENT IN ENSURING THAT ALL PATIENTS HAVE ADEQUATE ACCESS TO CARE. ALL PATIENTS WHO DO NOT PRESENT INSURANCE ARE AUTOMATICALLY SCREENED FOR ELIGIBILITY IN GOVERNMENT HEALTH PROGRAMS AND ARE ASSISTED IN APPLYING FOR FINANCIAL ASSISTANCE IF THE PATIENT DOES NOT QUALIFY FOR ANY OTHER ASSISTANCE. SANTA BARBARA COTTAGE HOSPITAL PROVIDES CRITICAL FUNDING FOR COMMUNITY HEALTH NEEDS, FINANCIAL ASSISTANCE, AND EXTERNAL GRANTS, WHILE ALSO REALIZING SHORTFALLS IN MEDICARE, MEDI-CAL, AND INDIGENT CARE. ACTIVITIES IN THESE AREAS INCLUDED SCREENINGS AND HEALTH FAIRS; CLASSES, CLINICS, LECTURES, AND SEMINARS; COMMUNITY SERVICES; COMMUNITY COLLABORATIONS; AND COALITIONS/COMMITTEES. EXTERNAL GRANTS AIMED AT SPECIFIC COMMUNITY NEEDS INCLUDED ASSISTANCE TO AT RISK POPULATIONS (INDIGENT HEALTH CARE AND HOUSING; SUBSTANCE ABUSE RECOVERY; SUPPORT FOR AT RISK ELDERLY; HOSPICE CARE; HEALTH CARE EDUCATION FOR OUR SCHOOLS & FAMILIES, FAMILY COUNSELING, AGING TRANSPORTATION, ACCESS TO CARE, AND NURSING EDUCATION AS WELL AS OPERATING PEDIATRIC AND OTHER SPECIALIZED CLINICS AT SHORTFALLS. IN 2022, THE HOSPITAL SPENT OVER $200 MILLION ON THESE VARIOUS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1.2 | $0 |
Name Not Listed Secretary (part Year) | OfficerTrustee | 1 | $0 |
Name Not Listed Chair (part Year) | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Contract Labor | 12/30/22 | $17,867,602 |
Anesthesia Medical Grp Sb Inc Anesthesia Professional Fees | 12/30/22 | $5,133,417 |
Sansum Clinic Physician And Medical Services | 12/30/22 | $4,068,575 |
Cottage Clinical Associates Physician Services | 12/30/22 | $3,940,961 |
Prowest Pcm Inc Construction Services | 12/30/22 | $3,822,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,656,498 |
| Investment income | $10,547,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,237 |
| Net Gain/Loss on Asset Sales | $61,711,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $927,341,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $19,654 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,668,647 |
| Pension plan accruals and contributions | $17,804,655 |
| Other employee benefits | $101,736,004 |
| Payroll taxes | $19,551,131 |
| Fees for services: Management | $3,343,625 |
| Fees for services: Legal | $436,402 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,280,161 |
| Fees for services: Other | $96,462,206 |
| Advertising and promotion | $34,977 |
| Office expenses | $15,419,487 |
| Information technology | $26,119,030 |
| Royalties | $0 |
| Occupancy | $16,035,685 |
| Travel | $152,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,081 |
| Interest | $16,992,954 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,781,608 |
| Insurance | $5,930,566 |
| All other expenses | $0 |
| Total functional expenses | $847,149,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,516,376 |
| Savings and temporary cash investments | $93,301,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,838,731 |
| Loans from Officers, Directors, or Controlling Persons | $27,487,440 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $17,539,395 |
| Prepaid expenses and deferred charges | $66,554,196 |
| Investments—publicly traded securities | $561,871,040 |
| Investments—other securities | $297,176,142 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,337,826 |
| Total assets | $2,130,359,861 |
| Accounts payable and accrued expenses | $96,316,581 |
| Grants payable | $0 |
| Deferred revenue | $51,887 |
| 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 | $544,633,747 |
| Total liabilities | $641,002,215 |
| Net assets without donor restrictions | $1,465,038,411 |
| Net assets with donor restrictions | $24,319,235 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,489,357,646 |
Grants Awarded
Over the last fiscal year, Santa Barbara Cottage Hospital has awarded $4,564,803 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COTTAGE CLINICAL NETWORK PURPOSE: Support of clinics throughout the Santa Barbara County which provide access to care for individuals with no PCP | $1,760,000 |
SANTA BARBARA NEIGHBORHOOD CLINICS PURPOSE: Support of neighborhood health clinics for low income patients | $800,000 |
PATH PEOPLE ASSISTING THE HOME PURPOSE: Medical respite beds for the homeless population | $475,723 |
SANTA BARBARA CITY COLLEGE FOUNDATION PURPOSE: Support of Nursing Program at Santa Barbara City College | $420,375 |
CARPINTERIA CHILDRENS PROJECT PURPOSE: Provide mental health support to children and youth, including those with Adverse Childhood Experiences. | $197,650 |
CSUCI FOUNDATION PURPOSE: Support of the Bachelor's in Science, Nursing program in Santa Barbara | $297,962 |