Sant Ynez Valley Cottage Hospital Foundation
- Assets
- $18.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Solvang, CA
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 95-3308522
Organization Overview
Sant Ynez Valley Cottage Hospital Foundation is located in Solvang, CA. The organization was established in 1981. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Sant Ynez 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, Sant Ynez Valley Cottage Hospital Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $835.5k during the year ending 12/2021. While expenses have increased by 2.3% 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
IT IS THE MISSION OF THE SANTA YNEZ VALLEY COTTAGE HOSPITAL FOUNDATION TO DEVELOP, MANAGE AND CHANNEL THE COMMUNITY'S FINANCIAL SUPPORT ON BEHALF OF SANTA YNEZ VALLEY COTTAGE HOSPITAL, THEREBY SERVING NOT ONLY TO PROTECT, BUT ALSO ENHANCE THE HOSPITAL AS A VALUABLE COMMUNITY ASSET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANTA YNEZ VALLEY COTTAGE HOSPITAL FOUNDATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION CREATED TO SUPPORT SANTA YNEZ VALLEY COTTAGE HOSPITAL (HOSPITAL) BY SOLICITING, RECEIVING AND MAINTAINING GIFTS OF MONEY AND PROPERTY AND TO DISTRIBUTE MONEY AND PROPERTY FOR CHARITABLE, SCIENTIFIC, OPERATIONAL AND EDUCATIONAL ACTIVITIES FOR THE HOSPITAL. THE FOUNDATION PROVIDED SUPPORT FOR PROGRAMS AND CAPITAL IMPROVEMENTS FOR THE HOSPITAL BY PROVIDING FUNDS FOR THE HOSPITAL'S TELE STROKE PROGRAM, THE CT REPLACEMENT CAMPAIGN AND SUPPORT FOR THE HEALTH FAIR AND DRIVE THROUGH VACCINE CLINIC. IN ADDITION, THE FOUNDATION PROVIDES NURSING SCHOLARSHIPS EACH YEAR TO STUDENTS ENTERING A MEDICAL FIELD.
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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 | $629,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,397 |
| Total Program Service Revenue | $0 |
| Investment income | $240,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,567,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,436,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $424,788 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $203,388 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $33,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,723 |
| Fees for services: Other | $36,880 |
| Advertising and promotion | $287 |
| Office expenses | $13,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,726 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,735 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $835,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,299,715 |
| Pledges and grants receivable | $15,307 |
| Accounts receivable, net | $90,701 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,763,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $876,103 |
| Total assets | $18,046,542 |
| Accounts payable and accrued expenses | $3,839 |
| 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 | $3,839 |
| Net assets without donor restrictions | $13,252,475 |
| Net assets with donor restrictions | $4,790,228 |
| 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 | $18,046,542 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sant Ynez Valley Cottage Hospital Foundation has recieved totaling $87,427.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: HEALTH - GENERAL & REHABILITATIVE | $50,000 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA PURPOSE: Support of Capital Funds for Santa Ynez Valley Cottage Hospital | $37,427 |
Endowment Analysis
| Beg. Balance | $3,567,515 |
| Net Contributions | $1,634 |
| Ending Balance | $3,569,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |
Baychildrens Physicians Emeryville, CA | $9,899,523 | $53,401,080 |
St Joseph Health System Foundation Irvine, CA | $143,290,236 | $11,443,697 |
Montage Health Monterey, CA | $1,194,971,781 | $24,934,735 |
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |