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← FOUNDATION FOR COTTAGE REHABILITATION AND GOLETA VALLEY

Form 990 for tax year 2023

Filed by FOUNDATION FOR COTTAGE REHABILITATION AND GOLETA VALLEY.

Totals

Total revenue
$2,502,038
Total expenses
$806,276
Contributions and grants received
$874,259
Grants paid
$216,099
Program service revenue
$0
Investment income
$1,627,779
Other revenue
$0
Total assets, end of year
$32,627,404
Total liabilities, end of year
$154,375
Net assets or fund balances, end of year
$32,473,029
Program services expenses (Part IX)
$421,601
Management and general expenses
$222,366
Fundraising expenses
$162,309
Program service expenses (Part III)
$806,276

Program services were 52.3% 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

    $874,259

  • 1g · Noncash contributions included above

    $9,326

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $570,880 · excluded $570,880

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $24,810,269

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

    securities $23,753,370

  • 7c · Gain or loss

    securities $1,056,899 · other assets $0

  • 7d · Net gain or loss

    total $1,056,899 · excluded $1,056,899

  • 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 $164,339 · program services $164,339

  • 2 · Grants to domestic individuals

    total $51,760 · program services $51,760

  • 11a · Fees: management

    total $179,018 · management and general $75,075 · fundraising $103,943

  • 11b · Fees: legal

    total $16,830 · management and general $16,830

  • 11c · Fees: accounting

    total $35,872 · management and general $35,872

  • 11f · Fees: investment management

    total $73,548 · management and general $73,548

  • 11g · Fees: other

    total $72,913 · program services $3,601 · management and general $10,946 · fundraising $58,366

  • 13 · Office expenses

    total $4,698 · management and general $4,698

  • 23 · Insurance

    total $5,112 · management and general $5,112

  • 24a · Other expenses: Support - Indigent assistance

    total $193,142 · program services $193,142

  • 24b · Other expenses: Theraputic Recreation

    total $7,001 · program services $7,001

  • 24c · Other expenses: Programs - All other

    total $1,380 · program services $1,380

  • 24d · Other expenses: Dues and Subscription

    total $408 · program services $378 · management and general $30

  • 24e · All other expenses

    total $255 · program services $0 · management and general $255 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $677,077 · end of year $1,226,955

  • 2 · Savings and temporary cash investments

    beginning of year $76,583 · end of year $317,436

  • 3 · Pledges and grants receivable

    beginning of year $1,108,316 · end of year $1,472,342

  • 4 · Accounts receivable

    beginning of year $71,017 · end of year $244,719

  • 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 $12,569,370 · end of year $20,571,832

  • 12 · Investments: other securities

    beginning of year $3,941,953 · end of year $2,882,545

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,158,607 · end of year $5,911,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,607 · end of year $154,375

  • 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 $9,827,788 · end of year $13,387,598

  • 28 · Net assets with donor restrictions

    beginning of year $14,664,528 · end of year $19,085,431

Mission and programs · 2023

Mission

It is the mission of The Foundation for Cottage Rehabilitation and Goleta Valley Cottage Hospitals to support is to support the provision of hospital and other medical rehabilitation programs and services at Cottage Rehabilitation Hospital and Goleta Valley Cottage Hospital.

  • The Foundation for Cottage Rehabilitation and Goleta Valley Cottage Hospitals provided support for the acute medical rehabilitation and related services at Cottage Rehabilitation Hospital (CRH), Goleta Valley Cottage Hospital (GVCH), as well as the community at large. Support included assistance to the hospitals 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 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 $806,276 · Grants $216,099

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

    Co-Chair

    Total calculated
    $0
    Hours/week
    3

  • Jean Smith

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Katina Zaninovich

    Co-Chair

    Total calculated
    $0
    Hours/week
    3

  • Richard Boyd

    Director

    Total calculated
    $0
    Hours/week
    3

  • Tessa Kaplan

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Antoinette McCauley

    Director

    Total calculated
    $0
    Hours/week
    2

  • 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

  • James Kyriaco

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeff Cole

    Director

    Total calculated
    $0
    Hours/week
    2

  • Karen Hickman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kristen Miller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lailan McGrath

    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

  • Rene Nordstrand

    Director

    Total calculated
    $0
    Hours/week
    2

  • Richard Keith

    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

  • Tony Vallejo CPA

    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
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202422089349300937

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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