Overview
What is Santa Barbara Cottage Hospital Foundation?
The Santa Barbara Cottage Hospital Foundation is a nonprofit organization based in Santa Barbara, California, dedicated to supporting Santa Barbara Cottage Hospital through the collection and distribution of charitable donations. This foundation invests and maintains funds for the hospital's charitable, scientific, and educational initiatives. It is active in the community by providing grants to local nursing programs and awarding scholarships to nursing degree candidates. The foundation also extends its support to Cottage Health employees by offering a mortgage assistance program, which helps eligible employees purchase homes in the Santa Barbara area with low-interest loans.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Santa Barbara Cottage Hospital Foundation has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation's overall score is based entirely on its impressive accountability and finance metrics, showcasing its commitment to maintaining transparency and operational integrity.
The foundation boasts 100% independent board members and a robust governance structure, reflected in its perfect scores in various categories such as conflict of interest policy and audit oversight. Additionally, it has demonstrated strong financial ratios, including a program expense ratio of nearly 69%, ensuring that a significant portion of funds are directed toward its charitable mission.
While the foundation excels in many areas, it is important to note that its fundraising efficiency ratio, although positive, reflects a modest cost of $0.08 to raise a dollar. This indicates a strong capability in resource management, but there may be room for improvement in optimizing fundraising strategies to further enhance financial sustainability. Overall, the foundation stands out as a well-managed nonprofit dedicated to supporting healthcare initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Barbara Cottage Hospital Foundation legitimate?
Santa Barbara Cottage Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Barbara 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
What is the mission statement of Santa Barbara Cottage Hospital Foundation?
The Santa Barbara Cottage Hospital Foundation functions as a non-profit organization dedicated to raising funds for the charitable, scientific, and educational activities of Santa Barbara Cottage Hospital. By soliciting and receiving donations, the foundation maintains and distributes these funds to support the hospital's initiatives. The organization extends its reach beyond hospital operations, investing in medical education in the community through grants and scholarships for nursing students. Additionally, the foundation's mortgage assistance program helps hospital employees purchase homes in the area by providing low-interest loans.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Who is the CEO of Santa Barbara Cottage Hospital Foundation?
Unavailable The CEO's salary of Santa Barbara Cottage Hospital Foundation is $0 and their total compensation is $1,899,989.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
What is the revenue of Santa Barbara Cottage Hospital Foundation?
Santa Barbara Cottage Hospital Foundation's revenue in 2022 was $45,245,201.
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Who are the executives of Santa Barbara Cottage Hospital Foundation and what are their salaries?
There 20 volunteers at Santa Barbara Cottage Hospital Foundation.
Here are 23 key members and their salaries (Santa Barbara Cottage Hospital Foundation's CEO's salary is $0 and their total compensation is $1,899,989):
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- Related: $453,374
- Other: $37,556
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- Related: $614,726
- Other: $92,852
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- Related: $1,049,601
- Other: $162,968
- Compensation: $0
- Related: $1,816,036
- Other: $83,953
Official website here: www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/
Where can I find the form 990 for Santa Barbara Cottage Hospital Foundation?
Santa Barbara 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 Santa Barbara Cottage Hospital Foundation
Santa Barbara Cottage Hospital Foundation is a nonprofit organization dedicated to advancing the charitable, scientific, and educational initiatives of Santa Barbara Cottage Hospital. The Foundation's primary role is to secure and manage funds for the hospital through donations and investments. With these resources, it supports the hospital's operations and various community programs.
One of the ways the Foundation makes an impact is by contributing to local medical education. It accomplishes this by granting funds to the nursing program at Santa Barbara City College, enabling future nurses to receive quality education. Additionally, the Foundation awards scholarships to individuals pursuing a nursing degree, ensuring a skilled workforce to serve the community.
Furthermore, the Foundation's Mortgage Assistance Program offers a low-interest loan to hospital employees seeking to purchase a home in the area. This initiative not only supports the employees but also strengthens the workforce of Cottage Health, ensuring the continuity of top-notch healthcare services. By providing financial assistance, the Foundation ultimately improves the lives of its employees and their families.
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Impact
October, 2024
Santa Barbara Cottage Hospital Foundation significantly enhances the healthcare landscape in Santa Barbara through its dedicated support for various charitable, scientific, and educational initiatives. By soliciting and managing donations, the Foundation ensures that funds are directed toward the operational needs of Santa Barbara Cottage Hospital, thereby enhancing patient care and facility improvements.
In addition to direct hospital support, the Foundation plays a vital role in fostering medical education within the community. It provides grants to Santa Barbara City College's nursing program, ensuring a steady pipeline of trained healthcare professionals. Furthermore, the scholarship program helps individuals pursuing nursing degrees, thereby investing in the future of community healthcare.
The Foundation also contributes to the well-being of Cottage Health employees through its Mortgage Assistance Program. By offering low-interest loans to staff members purchasing homes in the Santa Barbara area, it supports workforce stability and community investment. This multifaceted approach not only advances healthcare services but also strengthens the local community, making Santa Barbara Cottage Hospital Foundation's impact profound and far-reaching.
This information is meant to be a general summary of Santa Barbara 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: $7,271,083
- Program Service Revenue: $189,766
- Gross Receipts: $72,264,147
Assets and Liabilities:
- Total Assets: $240,388,140
- Total Liabilities: $5,240,280
- Net Assets: $235,147,860
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mortgage Assistance program Revenue
Revenue
$189,766
Organization Details
Founding Year
1982
Phone
(805) 287-6903Main Address
PO BOX 689 Attn Finance Dept, Santa Barbara, CA, 93102
NTEE Category
Code: E112 - Health
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