Overview
What is Goleta Valley Cottage Hospital Foundation?
Goleta Valley Cottage Hospital Foundation is a charitable organization located in Goleta, California. Its primary mission is to support the operational needs and equipment requirements of Goleta Valley Cottage Hospital. This nonprofit functions as a bridge between the community and the hospital, aiming to manage and direct philanthropic contributions towards the betterment of the healthcare facility. The Foundation operates with a dedicated focus on Goleta Valley Cottage Hospital, ensuring that it has the necessary resources to serve the community effectively.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Goleta Valley Cottage Hospital Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The foundation's score reflects its strengths in governance, with a fully independent board and robust oversight in financial statements. However, it lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which affects its overall accountability score.
The foundation does demonstrate positive financial metrics, including a low liabilities to assets ratio of 1.81%, suggesting good financial stability. Additionally, a program expense ratio of 56.39% indicates that a majority of its expenses are directed toward program services, although this ratio could be improved to enhance its effectiveness score. The presence of meeting minutes and transparency in asset management are commendable aspects of its operations.
In summary, while Goleta Valley Cottage Hospital Foundation shows promising governance and financial stability, it needs to address its policy gaps to improve its overall rating. By establishing the missing policies and enhancing its program expense ratio, the foundation could potentially elevate its standing and better serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Goleta Valley Cottage Hospital Foundation legitimate?
Goleta Valley Cottage Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goleta Valley Cottage Hospital 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:
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Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
What is the mission statement of Goleta Valley Cottage Hospital Foundation?
The Goleta Valley Cottage Hospital Foundation exists primarily to foster philanthropic contributions for the betterment of Goleta Valley Cottage Hospital. Its role is to manage and direct these donations effectively, ensuring they contribute positively to the hospital's equipment needs and overall operations. In essence, the foundation serves as a bridge between the community and the hospital, harnessing the generosity of its supporters to enhance the healthcare services provided by Goleta Valley Cottage Hospital.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Who is the CEO of Goleta Valley Cottage Hospital Foundation?
Unavailable
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
What is the revenue of Goleta Valley Cottage Hospital Foundation?
Goleta Valley Cottage Hospital Foundation's revenue in 2022 was $945,107.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Who are the executives of Goleta Valley Cottage Hospital Foundation and what are their salaries?
There 70 volunteers at Goleta Valley Cottage Hospital Foundation.
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Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Where can I find the form 990 for Goleta Valley Cottage Hospital Foundation?
Goleta Valley Cottage Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Learn more at the official website: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Mission Statement of Goleta Valley Cottage Hospital Foundation
Goleta Valley Cottage Hospital Foundation is an organization dedicated to advancing the well-being of Goleta Valley Cottage Hospital. Its primary role is to mobilize and direct the philanthropic contributions of the community, ensuring that they are utilized effectively in supporting the hospital's operations and equipment needs. The foundation acts as a bridge between the community and the hospital, channeling resources to where they are most needed, thereby enhancing the hospital's ability to deliver quality healthcare services.
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Impact
July, 2024
Goleta Valley Cottage Hospital Foundation's impact is significant in supporting the equipment needs and operations of Goleta Valley Cottage Hospital. By developing, managing, and channeling the community's philanthropic support on behalf of the hospital, the foundation plays a crucial role in ensuring the hospital can continue to provide quality healthcare services to the residents of Goleta, California. Through its efforts, the foundation contributes to the overall health and well-being of the community.
This information is meant to be a general summary of Goleta Valley Cottage Hospital 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: $107,426
- Gross Receipts: $1,668,790
Assets and Liabilities:
- Total Assets: $9,482,475
- Total Liabilities: $172,430
- Net Assets: $9,310,045
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Organization Details
Founding Year
1988
Phone
(805) 287-6903Main Address
Attn Finance PO Box 689, Goleta, CA, 93102
NTEE Category
Code: E22I - Health
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