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← FOUNDATION FOR COTTAGE REHABILITATION AND GOLETA VALLEY

Form 990 for tax year 2022

Filed by FOUNDATION FOR COTTAGE REHABILITATION AND GOLETA VALLEY.

Totals

Total revenue
$3,453,443
Total expenses
$689,497
Contributions and grants received
$2,034,436
Grants paid
$153,398
Program service revenue
$0
Investment income
$1,419,007
Other revenue
$0
Total assets, end of year
$24,602,923
Total liabilities, end of year
$110,607
Net assets or fund balances, end of year
$24,492,316
Program services expenses (Part IX)
$320,496
Management and general expenses
$203,932
Fundraising expenses
$165,069
Program service expenses (Part III)
$320,496

Program services were 46.5% 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.

  • 1f · All other contributions, gifts and grants

    $2,034,436

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $625,073 · excluded $625,073

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $4,301,060

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

    securities $3,507,126

  • 7c · Gain or loss

    securities $793,934 · other assets $0

  • 7d · Net gain or loss

    total $793,934 · excluded $793,934

  • 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 $117,140 · program services $117,140

  • 2 · Grants to domestic individuals

    total $36,258 · program services $36,258

  • 11a · Fees: management

    total $215,726 · management and general $87,555 · fundraising $128,171

  • 11b · Fees: legal

    total $320 · management and general $320

  • 11c · Fees: accounting

    total $34,594 · management and general $34,594

  • 11f · Fees: investment management

    total $69,592 · management and general $69,592

  • 11g · Fees: other

    total $37,488 · program services $0 · management and general $4,622 · fundraising $32,866

  • 14 · Information technology

    total $2,105 · management and general $2,105

  • 19 · Conferences, conventions and meetings

    total $3,728 · fundraising $3,728

  • 23 · Insurance

    total $5,248 · management and general $4,944 · fundraising $304

  • 24a · Other expenses: Support - Indigent assistance

    total $164,250 · program services $164,250

  • 24b · Other expenses: Program - Therapeutic Recreation

    total $2,218 · program services $2,218

  • 24c · Other expenses: Programs - All other

    total $630 · program services $630

  • 24d · Other expenses: Taxes licenses and fees

    total $200 · management and general $200

  • 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 $932,964 · end of year $677,077

  • 2 · Savings and temporary cash investments

    beginning of year $932,280 · end of year $76,583

  • 3 · Pledges and grants receivable

    beginning of year $309,765 · end of year $1,108,316

  • 4 · Accounts receivable

    beginning of year $11,326 · end of year $71,017

  • 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 $13,724,332 · end of year $12,569,370

  • 12 · Investments: other securities

    beginning of year $3,642,601 · end of year $3,941,953

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,093,908 · end of year $6,158,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,082 · end of year $110,607

  • 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 $11,530,297 · end of year $9,827,788

  • 28 · Net assets with donor restrictions

    beginning of year $14,027,797 · end of year $14,664,528

Mission and programs · 2022

Mission

It is the mission of Cottage Rehabilitation Hospital Foundation to support the acute medical rehabilitation and related services at Cottage Rehabilitation Hospital.

  • Cottage Rehabilitation Hospital Foundation provided support for the acute medical rehabilitation and related services at Cottage Rehabilitation Hospital (hospital) as well as the community at large. Support included assistance to the hospital for equipment, programs and staff training, and support of indigent care for rehabilitation services. Through the Patient Assistance Program, the foundation is able to assist rehabilitation patients with necessary supplies and therapy that they could otherwise not afford. The foundation annually supports the Junior Wheelchair Sports Camp, a day camp held at USCB Recreation Center. The camp is offered free of charge to youth between the ages of 6 and 19 with a wide range of physical disabilities.

    Expenses $320,496 · Grants $153,398

As filed on the 2022 return.

Listed in Part VII

  • Jean Smith

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • John Goodman

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Katina Zaninovich

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Rene Nordstrand

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Ashley Parker Snider

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Philip R Delio MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Sharon L Basham MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Karen Hickman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lailan McGrath

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul Graziano

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard Boyd

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard Keith

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robin Sonner

    Director (Partial Year)

    Total calculated
    $0
    Hours/week
    1

  • Tessa Kaplan

    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
12 July 2023
IRS schema version
2022v5.0
Source object
202331939349301208

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