Overview
What is Risb Foundation?
Risb Foundation, based in Santa Barbara, California, is a charitable organization primarily dedicated to supporting Cottage Rehabilitation Hospital and its community. Their mission involves providing financial assistance for medical equipment, programs, and staff training at the hospital. Furthermore, they contribute to indigent care, ensuring that rehabilitation services remain accessible to those in need. Through the Patient Assistance Program, the foundation aids rehabilitation patients with essential supplies and therapy expenses. The foundation also annually sponsors the Junior Wheelchair Sports Camp, offering a free day of activities for youth with physical disabilities at the USCB Recreation Center.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 37%, Zero-Star out of Four Star rating.
The Risb Foundation has received a low rating of 37% from Charity Navigator, indicating significant concerns regarding its financial performance and efficiency. While the organization excels in areas such as board independence, their overall accountability and financial management metrics are severely lacking. This score reflects serious issues in the allocation of funds and the effectiveness of fundraising efforts.
Strengths of the Risb Foundation include a fully independent board, robust audit and oversight measures, and a clear conflict of interest policy. The board's commitment to transparency is evident, as they document meeting minutes and have no reported loans or asset diversions. However, despite these governance strengths, the organization struggles with a poor liabilities to assets ratio and low program expense ratio, suggesting that a minimal portion of funds is being directed towards its programs.
In terms of limitations, the Risb Foundation exhibits troubling fundraising efficiency and working capital metrics, which imply they are not effectively managing their resources to support their mission. The high fundraising cost relative to the funds raised raises questions about the sustainability and impact of their operations. Overall, while the foundation demonstrates strong governance, its financial inefficiencies significantly hinder its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Risb Foundation legitimate?
Risb Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Risb Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Risb Foundation?
The Risb Foundation's mission is centered around supporting the acute medical rehabilitation services and related activities at a hospital. Specifically, the foundation's role involves providing assistance for the hospital in terms of equipment, programs, and staff training. Additionally, the foundation is committed to supporting indigent care for rehabilitation services, ensuring that those in need can still access these essential services. Through the Patient Assistance Program, the foundation aids rehabilitation patients by providing necessary supplies and therapy that they might otherwise be unable to afford. Furthermore, the foundation annually sponsors the Junior Wheelchair Sports Camp, a free day camp held for youth with physical disabilities, which takes place at the USCB Recreation Center.
Who is the CEO of Risb Foundation?
Unavailable
What is the revenue of Risb Foundation?
Risb Foundation's revenue in 2022 was $3,453,443.
Who are the executives of Risb Foundation and what are their salaries?
There 14 volunteers at Risb Foundation.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Risb Foundation?
Risb Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Risb Foundation
The Risb Foundation, with its mission at heart, is committed to supporting the acute medical rehabilitation and associated services at Cottage Rehabilitation Hospital. This nonprofit organization's primary goal is to assist the hospital in various capacities, including providing financial aid for equipment, programs, and staff training. Beyond its dedication to the hospital, the Risb Foundation also extends its support to the community at large, ensuring that indigent care for rehabilitation services is accessible to those in need.
One of the key initiatives undertaken by the Risb Foundation is its Patient Assistance Program. This program aims to assist rehabilitation patients who may not be able to afford necessary supplies and therapy. Through this program, the foundation plays a vital role in ensuring that individuals undergoing rehabilitation have the resources they need to aid in their recovery.
In addition to its support of the hospital and the community, the Risb Foundation annually sponsors the Junior Wheelchair Sports Camp. This camp, held at the USCB Recreation Center, is offered free of charge to youth aged between 6 and 19 with various physical disabilities. By providing this opportunity, the Risb Foundation not only supports the rehabilitation of these young individuals but also empowers them through sports, enabling them to build confidence and camaraderie.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Risb Foundation significantly enhances the quality of acute medical rehabilitation services at Cottage Rehabilitation Hospital in Santa Barbara, California. By providing essential support for equipment, programs, and staff training, the Foundation ensures that healthcare professionals are well-equipped to deliver high-quality care to patients.
One of the Foundation's key initiatives is the Patient Assistance Program, which aids rehabilitation patients who lack the necessary financial resources for vital supplies and therapy. This program ensures that patients receive the comprehensive care needed for their recovery, regardless of their economic situation.
Additionally, the Foundation organizes the Junior Wheelchair Sports Camp, a free day camp that empowers youth with physical disabilities by promoting physical activity and social engagement. This camp not only provides recreational opportunities but also fosters a sense of community and belonging among its young participants.
Through these efforts, Risb Foundation plays a crucial role in improving health outcomes for individuals in need, supporting disability-inclusive programs, and ultimately contributing to the overall well-being of the community.
This information is meant to be a general summary of Risb Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,419,007
- Gross Receipts: $6,960,569
Assets and Liabilities:
- Total Assets: $24,602,923
- Total Liabilities: $110,607
- Net Assets: $24,492,316
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(805) 287-6903Main Address
Attn Finance Dept PO Box 689, Santa Barbara, CA, 93102
NTEE Category
Code: E112 - Health
If you are a representative of Risb Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.