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Nonprofiteer
← Goleta Valley Cottage Hospital Foundation

Form 990 for tax year 2023

Filed by Goleta Valley Cottage Hospital Foundation.

Totals

Total revenue
$307,904
Total expenses
$4,085,941
Contributions and grants received
$287,699
Grants paid
$4,007,360
Program service revenue
$0
Investment income
$34,276
Other revenue
-$14,071
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$4,007,360
Management and general expenses
$60,175
Fundraising expenses
$18,406
Program service expenses (Part III)
$4,007,360

Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $65,712

  • 1f · All other contributions, gifts and grants

    $221,987

  • 1g · Noncash contributions included above

    $4,402

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $80,826 · excluded $80,826

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $604,026

  • 7b · Less cost or other basis and sales expenses

    securities $650,576

  • 7c · Gain or loss

    securities -$46,550 · other assets $0

  • 7d · Net gain or loss

    total -$46,550 · excluded -$46,550

  • 8a · Fundraising events: gross income

    $17,008

  • 8a · Fundraising events: contributions included on line 1c

    $65,712

  • 8b · Fundraising events: direct expenses

    $31,079

  • 8c · Net income from fundraising events

    total -$14,071 · excluded -$14,071

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,000,000 · program services $4,000,000

  • 2 · Grants to domestic individuals

    total $7,360 · program services $7,360

  • 11a · Fees: management

    total $38,616 · management and general $20,759 · fundraising $17,857

  • 11b · Fees: legal

    total $1,755 · management and general $1,755

  • 11c · Fees: accounting

    total $24,642 · management and general $24,642

  • 11f · Fees: investment management

    total $12,003 · management and general $12,003

  • 11g · Fees: other

    total $1,134 · program services $0 · management and general $585 · fundraising $549

  • 13 · Office expenses

    total $331 · management and general $331

  • 24a · Other expenses: Taxes, licenses and fees

    total $100 · management and general $100

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $499,977 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $238,604 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $5,190,307 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,267,517 · end of year $0

  • 12 · Investments: other securities

    beginning of year $115,758

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $170,312 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,430 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,348,790 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $6,961,255 · end of year $0

Mission and programs · 2023

Mission

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. On July 31, 2023, the Foundation terminated and transferred all assets to the Foundation for Cottage Rehabilitation and Goleta Valley Cottage Hospitals.

  • To support equipment needs and operations of Goleta Valley Cottage Hospital and their patients

    Expenses $4,007,360 · Grants $4,007,360

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anne Pazier

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Antoinette McCauley

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Tony Vallejo CPA

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Jack Turney

    Director

    Total calculated
    $0
    Hours/week
    2

  • James Kyriaco

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeff Cole

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kirsten Deshler

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Kristen Miller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Martin Plourd

    Director

    Total calculated
    $0
    Hours/week
    2

  • Megan Stichter CPA

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nevin Pallad

    Director

    Total calculated
    $0
    Hours/week
    2

  • Samantha Onnen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Susan Epstein

    Director

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • No recipient named

    no value reported

    Disposition · see details in part 1

4 distributions to recipients named as people, $5,899,325 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202441229349302409

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