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Nonprofiteer
← SANT YNEZ VALLEY COTTAGE HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by SANT YNEZ VALLEY COTTAGE HOSPITAL FOUNDATION.

Totals

Total revenue
$1,942,491
Total expenses
$1,436,166
Contributions and grants received
$879,232
Grants paid
$932,272
Program service revenue
$0
Investment income
$1,090,294
Other revenue
-$27,035
Total assets, end of year
$15,880,667
Total liabilities, end of year
$64,042
Net assets or fund balances, end of year
$15,816,625
Program services expenses (Part IX)
$943,027
Management and general expenses
$294,212
Fundraising expenses
$198,927
Program service expenses (Part III)
$943,027

Program services were 65.7% 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

    $30,495

  • 1f · All other contributions, gifts and grants

    $848,737

  • 1g · Noncash contributions included above

    $56,500

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $340,605 · excluded $340,605

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $4,811,888

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

    securities $4,062,199

  • 7c · Gain or loss

    securities $749,689 · other assets $0

  • 7d · Net gain or loss

    total $749,689 · excluded $749,689

  • 8a · Fundraising events: gross income

    $19,851

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

    $30,495

  • 8b · Fundraising events: direct expenses

    $46,886

  • 8c · Net income from fundraising events

    total -$27,035 · excluded -$27,035

  • 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 $889,204 · program services $889,204

  • 2 · Grants to domestic individuals

    total $43,068 · program services $43,068

  • 11a · Fees: management

    total $235,283 · management and general $133,788 · fundraising $101,495

  • 11b · Fees: legal

    total $371 · management and general $371

  • 11c · Fees: accounting

    total $34,104 · management and general $34,104

  • 11f · Fees: investment management

    total $89,845 · management and general $89,845

  • 11g · Fees: other

    total $43,478 · program services $8,016 · management and general $894 · fundraising $34,568

  • 12 · Advertising and promotion

    total $62,864 · fundraising $62,864

  • 13 · Office expenses

    total $8,757 · program services $1,569 · management and general $7,188

  • 16 · Occupancy

    total $18,064 · management and general $18,064

  • 19 · Conferences, conventions and meetings

    total $9,958 · management and general $9,958

  • 24a · Other expenses: Other expenses

    total $1,170 · program services $1,170

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,299,715 · end of year $1,411,303

  • 3 · Pledges and grants receivable

    beginning of year $15,307 · end of year $5,300

  • 4 · Accounts receivable

    beginning of year $90,701 · end of year $76,516

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,000 · end of year $1,000

  • 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 $15,763,716 · end of year $13,503,151

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $876,103 · end of year $883,397

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,839 · end of year $64,042

  • 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 $13,252,475 · end of year $10,771,067

  • 28 · Net assets with donor restrictions

    beginning of year $4,790,228 · end of year $5,045,558

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $943,027 · Grants $932,272

As filed on the 2022 return.

Listed in Part VII

  • Barbara Anderson

    Vice President

    Total calculated
    $0
    Hours/week
    3

  • Judith Dale

    President

    Total calculated
    $0
    Hours/week
    3

  • Michael Sgobba

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Tresha Sell

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Charles Jackson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Gustavo A Dascanio MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ernest Zomalt

    Director

    Total calculated
    $0
    Hours/week
    2

  • Guy Walker

    Director

    Total calculated
    $0
    Hours/week
    2

  • J Robert Andrews

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard Crutchfield

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard Nagler

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sid Goldstien

    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

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349304326

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