Form 990 for tax year 2024
Filed by FOUNDATION FOR COTTAGE REHABILITATION AND GOLETA VALLEY.
Totals
- Total revenue
- $7,556,329
- Total expenses
- $824,328
- Contributions and grants received
- $5,874,996
- Grants paid
- $222,793
- Program service revenue
- $0
- Investment income
- $1,681,333
- Other revenue
- $0
- Total assets, end of year
- $40,639,206
- Total liabilities, end of year
- $210,021
- Net assets or fund balances, end of year
- $40,429,185
- Program services expenses (Part IX)
- $369,029
- Management and general expenses
- $283,814
- Fundraising expenses
- $171,485
- Program service expenses (Part III)
- $369,029
Program services were 44.8% 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
$5,874,996
-
1g · Noncash contributions included above
$291,139
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,015,788 · excluded $1,015,788
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $13,974,367
-
7b · Less cost or other basis and sales expenses
securities $13,308,822
-
7c · Gain or loss
securities $665,545 · other assets $0
-
7d · Net gain or loss
total $665,545 · excluded $665,545
-
8c · Net income from fundraising events
total $0
-
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 $174,942 · program services $174,942
-
2 · Grants to domestic individuals
total $47,851 · program services $47,851
-
11a · Fees: management
total $250,419 · management and general $114,399 · fundraising $136,020
-
11b · Fees: legal
total $558 · management and general $558
-
11c · Fees: accounting
total $37,195 · management and general $37,195
-
11f · Fees: investment management
total $108,560 · management and general $108,560
-
11g · Fees: other
total $49,417 · program services $158 · management and general $13,921 · fundraising $35,338
-
13 · Office expenses
total $3,526 · management and general $3,526
-
19 · Conferences, conventions and meetings
total $277 · management and general $150 · fundraising $127
-
23 · Insurance
total $5,305 · management and general $5,305
-
24a · Other expenses: Support - Indigent assistance
total $138,681 · program services $138,681
-
24b · Other expenses: Theraputic Recreation
total $7,397 · program services $7,397
-
24c · 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 $1,226,955 · end of year $1,155,304
-
2 · Savings and temporary cash investments
beginning of year $317,436 · end of year $430,150
-
3 · Pledges and grants receivable
beginning of year $1,472,342 · end of year $5,196,117
-
4 · Accounts receivable
beginning of year $244,719 · end of year $403,895
-
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 $20,571,832 · end of year $25,015,602
-
12 · Investments: other securities
beginning of year $2,882,545 · end of year $1,755,844
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $5,911,575 · end of year $6,682,294
-
17 · Accounts payable and accrued expenses
beginning of year $154,375 · end of year $210,021
-
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 $13,387,598 · end of year $14,959,261
-
28 · Net assets with donor restrictions
beginning of year $19,085,431 · end of year $25,469,924
Mission and programs · 2024
Mission
It is the mission of The Foundation for Cottage Rehabilitation and Goleta Valley Cottage Hospitals 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 $369,029 · Grants $222,793
As filed on the 2024 return.
Listed in Part VII
-
Katina Zaninovich
Chair
- Total calculated
- $0
- Hours/week
- 3
-
Megan Stichter
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Richard Boyd
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Sharon Basham MD
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
-
James Kyriaco
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jean Smith
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Cole
Director
- Total calculated
- $0
- Hours/week
- 2
-
Karen Hickman
Director (partial year)
- Total calculated
- $0
- Hours/week
- 2
-
Kristen Miller
Director
- Total calculated
- $0
- Hours/week
- 2
-
Martin Plourd
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nevin Pallad
Director
- Total calculated
- $0
- Hours/week
- 2
-
Philip Delio MD
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rene Nordstrand
Director
- Total calculated
- $0
- Hours/week
- 2
-
Richard Keith
Director (partial year)
- 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
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
-
Santa Barbara Cottage Hospital
$141,561
Support of rehabilitation programs
-
Goleta Valley Cottage Hospital
$23,381
Support of Capital and general operations
-
Life Rolls On Foundation
$10,000
Support rehabiliation camp
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 August 2025
- IRS schema version
- 2024v5.1
- Source object
- 202502179349301515
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