Form 990 for tax year 2024
Filed by GOLETA VALLEY PROFESSIONAL BUILDINGS INC.
Totals
- Total revenue
- $7,501,339
- Total expenses
- $8,755,721
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- not reported
- Investment income
- not reported
- Other revenue
- not reported
- Total assets, end of year
- not reported
- Total liabilities, end of year
- not reported
- Net assets or fund balances, end of year
- not reported
- Program services expenses (Part IX)
- $8,467,111
- Management and general expenses
- $288,610
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,467,111
Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Eric Seale
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.1 + 5.9 related
-
Ginger Salazar
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.1 + 5.9 related
-
Richard Ponce MD
Secretary
- Total calculated
- $0
- Hours/week
- 0.1 + 5.9 related
-
Steven Zola
Board Chair
- Total calculated
- $0
- Hours/week
- 0.2 + 19.8 related
-
Bhupi Singh
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Ernesto Paredes
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Gamble Parks ATTY
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Mark Scott MD
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Pamela Gann
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Roberta Griffin
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Robin Malone MD
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Steve Ortiz
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Susan Christol-Deacon
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Thomas Cusack
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Wesley Schooler MD
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Yulun Wang PhD
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 3.9 related
-
Kristin Tufvesson
Senior VP and CFO
- Total calculated
- $1,182,544
- From this org
- $0
- From related orgs
- $1,077,998
- Other
- $104,546
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $669,693 related
- Bonus
- $0 + $217,411 related
- Other
- $0 + $190,894 related
- Deferred
- $0 + $70,000 related
- Nontaxable benefits
- $0 + $34,546 related
- Filer's total
- $0 + $1,182,544 related
-
Lisa Moore
Executive VP and COO
- Total calculated
- $1,236,753
- From this org
- $0
- From related orgs
- $1,154,452
- Other
- $82,301
- Hours/week
- 2 + 53 related
Schedule J breakdown matched by us
- Base
- $0 + $766,364 related
- Bonus
- $0 + $264,555 related
- Other
- $0 + $123,533 related
- Deferred
- $0 + $63,340 related
- Nontaxable benefits
- $0 + $18,961 related
- Filer's total
- $0 + $1,236,753 related
-
Ronald Werft
President & CEO
- Total calculated
- $2,100,995
- From this org
- $0
- From related orgs
- $2,013,630
- Other
- $87,365
- Hours/week
- 1 + 64 related
Schedule J breakdown matched by us
- Base
- $0 + $1,426,504 related
- Bonus
- $0 + $556,160 related
- Other
- $0 + $30,966 related
- Deferred
- $0 + $65,692 related
- Nontaxable benefits
- $0 + $21,673 related
- Filer's total
- $0 + $2,100,995 related
-
Stacy Bratcher
Senior VP and Chief Legal Officer
- Total calculated
- $1,095,971
- From this org
- $0
- From related orgs
- $996,206
- Other
- $99,765
- Hours/week
- 1 + 49 related
Schedule J breakdown matched by us
- Base
- $0 + $689,113 related
- Bonus
- $0 + $165,638 related
- Other
- $0 + $141,455 related
- Deferred
- $0 + $70,000 related
- Nontaxable benefits
- $0 + $29,765 related
- Filer's total
- $0 + $1,095,971 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- On an annual basis the Executive Compensation Committee (ECC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, CFO, and vice presidents. All members of the ECC are independent members of the Board of Directors. The ECC engages an independent consultant to prepare comparative compensation reports for each position. The executives individual performance will also be considered when determining compensation. The ECC recommends compensation for the executives to the full Board for approval. This process takes place annually for all executives.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- COTTAGE HEALTH PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE ANNUAL CONTRIBUTION IS 9.8% OF BASE YEARS SALARY WITH THE CONTRIBUTIONS VESTING FIVE YEARS FROM CREDITING DATE, OR AT AGE 62, OR IMMEDIATELY IN THE EVENT OF DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT CAUSE. THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS AND THE ACCRUED EXPENSE IS INCLUDED IN SERP AND RETIREMENT PLAN LIABILITY IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. IN the current year, THERE WERE RECIPIENT PAYOUTS FROM THE 457(F) PLAN TO Lisa Moore ($48,865)
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SANTA BARBARA COTTAGE HOSPITAL
501(c)(3) · HOSPITAL · CA · controlled entity
Directly controlled by Cottage Health
-
GOLETA VALLEY COTTAGE HOSPITAL
501(c)(3) · HOSPITAL · CA · controlled entity
Directly controlled by COTTAGE HEALTH
-
SANTA YNEZ VALLEY COTTAGE HOSPITAL INC
501(c)(3) · HOSPITAL · CA · controlled entity
Directly controlled by COTTAGE HEALTH
-
501(c)(3) · SOLE CORPORATE MEMBER · CA
Directly controlled by NA
-
Santa Barbara Cottage Hospital Foundation
501(c)(3) · Support of Santa Barbara Cottage Hospital · CA · controlled entity
Directly controlled by Cottage Health
-
501(c)(3) · Outpatient Clinics · CA · controlled entity
Directly controlled by Cottage Health
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Villa Riviera Real Estate Company
C Corporation · Workforce Housing Development · CA · 0% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by SB Cottage Hosp Fndtn
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.1
- Source object
- 202532949349302013
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