Overview
What is Santa Ynez Valley Cottage Hospital Foundation?
Santa Ynez Valley Cottage Hospital Foundation is a nonprofit organization established to support Santa Ynez Valley Cottage Hospital. Its primary function involves soliciting, receiving, and maintaining funds through donations and gifts. The foundation utilizes these resources for charitable, scientific, operational, and educational activities that benefit the hospital. Some of the initiatives the foundation has supported include the hospital's Tele Stroke program, the CT Replacement campaign, and health fairs, as well as providing funding for a drive-through vaccine clinic. Moreover, the foundation annually awards nursing scholarships to students pursuing a career in the medical field. The mission of Santa Ynez Valley Cottage Hospital Foundation is to safeguard and enhance the hospital's role as a valuable asset in the community by managing and directing the community's financial contributions.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
The Santa Ynez Valley Cottage Hospital Foundation has received a 79% rating from Charity Navigator, indicating a solid level of accountability and financial health. The foundation benefits from a fully independent board, demonstrating strong governance practices. Their financial oversight is robust, with no material diversion of assets noted, which reflects positively on their financial integrity.
However, there are areas for improvement, particularly regarding governance policies. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and accountability. Additionally, while their program expense ratio is commendable, it could be improved to enhance the percentage of funds directly supporting their programs.
Overall, while the foundation shows strengths in governance and financial management, addressing the noted gaps in policy could further bolster its effectiveness and trustworthiness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Ynez Valley Cottage Hospital Foundation legitimate?
Santa Ynez Valley Cottage Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Ynez 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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What is the mission statement of Santa Ynez Valley Cottage Hospital Foundation?
The Santa Ynez Valley Cottage Hospital Foundation's mission is to serve as a bridge between the community and the Santa Ynez Valley Cottage Hospital. Their primary role is to manage and utilize financial contributions to safeguard and improve the hospital's standing as a valuable community resource. The foundation achieves this by providing financial support for various hospital programs and capital improvements. This includes funding for initiatives such as the Tele Stroke program, the CT Replacement campaign, and community events like health fairs and vaccine clinics. Furthermore, the foundation offers nursing scholarships annually to individuals pursuing careers in the medical field.
What is the revenue of Santa Ynez Valley Cottage Hospital Foundation?
Santa Ynez Valley Cottage Hospital Foundation's revenue in 2023 was $1,035,384.
Who are the executives of Santa Ynez Valley Cottage Hospital Foundation and what are their salaries?
There 16 volunteers at Santa Ynez Valley Cottage Hospital Foundation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Santa Ynez Valley Cottage Hospital Foundation?
Santa Ynez Valley Cottage Hospital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Santa Ynez Valley Cottage Hospital Foundation
The Santa Ynez Valley Cottage Hospital Foundation's mission is centered around fostering and directing the financial contributions of the community towards benefiting Santa Ynez Valley Cottage Hospital. This nonprofit organization serves a dual purpose: protecting and enhancing the hospital as a vital asset for the community. By managing and distributing funds for charitable, educational, operational, and scientific activities related to the hospital, the foundation aims to enhance its value and capabilities.
The Santa Ynez Valley Cottage Hospital Foundation plays a significant role in supporting various programs and capital improvements within the hospital. This includes providing funds for initiatives such as the hospital's Tele Stroke program, the CT Replacement campaign, and contributions towards community events like health fairs and drive-through vaccine clinics. Furthermore, the foundation extends its support by offering nursing scholarships annually to students pursuing careers in the medical field, thereby contributing to the development of a skilled workforce for the hospital.
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Impact
July, 2024
Santa Ynez Valley Cottage Hospital Foundation plays a vital role in supporting Santa Ynez Valley Cottage Hospital by providing financial assistance for various programs and capital improvements. Through its fundraising efforts, the foundation has helped fund initiatives such as the hospital's Tele Stroke program, the CT Replacement campaign, and support for health fairs and drive-through vaccine clinics. Additionally, the foundation awards nursing scholarships to students pursuing a career in the medical field, further contributing to the healthcare sector. Overall, Santa Ynez Valley Cottage Hospital Foundation's impact is evident in its commitment to enhancing the hospital as a valuable community asset and supporting the well-being of the local community.
This information is meant to be a general summary of Santa Ynez 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 2023.
- Investment Income: $421,025
- Gross Receipts: $11,677,748
Assets and Liabilities:
- Total Assets: $15,880,667
- Total Liabilities: $64,042
- Net Assets: $15,816,625
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Organization Details
Founding Year
1978
NTEE Category
Code: E112 - Health
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