2025-11-13T11:59:26+00:00 2024-12-31 346565596 Ernst and Young US LLP 2323 Victory Avenue Dallas TX 75219 990 2024-01-01 953802238 Santa Barbara Cottage Hospital Foundation SANT 8052876903 PO BOX 689 Attn Finance Dept Santa Barbara CA 93102 Matthew Morgan Sr VP Finance and CFO 2025-11-13 true Ryan Mayor P01650740 2149698000 2025-11-13 2024 2025-03-06 01:10:19Z Scott Wester PO BOX 689 Attn Finance Dept Santa Barbara CA 93102 81300537 false X https://www.cottagehealth.org/donate/santa-barbara-cottage-hospital-foundation/ X 1982 CA It is the mission of Santa Barbara Cottage Hospital Foundation to solicit, receive, invest, maintain and distribute funds for the support of charitable, scientific, and educational activities of Santa Barbara Cottage Hospital. 16 16 0 71 231922 52670 60821825 24105647 212471 260947 8094671 8819177 -66282 -148393 69062685 33037378 11148244 11763971 0 0 0 0 0 0 2700972 5173598 5382355 16321842 17146326 52740843 15891052 273586783 294551437 4601956 3161716 268984827 291389721 It is the mission of Santa Barbara Cottage Hospital Foundation to solicit, receive, invest, maintain and distribute funds for the support of charitable, scientific, and educational activities of Santa Barbara Cottage Hospital. false false 11766570 11763971 260947 SANTA BARBARA COTTAGE HOSPITAL FOUNDATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION CREATED TO SUPPORT SANTA BARBARA COTTAGE HOSPITAL (HOSPITAL) BY SOLICITING, RECEIVING AND MAINTAINING GIFTS OF MONEY AND PROPERTY AND TO DISTRIBUTE MONEY AND PROPERTY FOR CHARITABLE, SCIENTIFIC AND EDUCATION ACTIVITIES FOR THE HOSPITAL. THE FOUNDATION PROVIDED SUPPORT FOR OPERATIONS OF SANTA BARBARA COTTAGE HOSPITAL. THE FOUNDATION ALSO SUPPORTS MEDICAL EDUCATION IN THE COMMUNITY BY PROVIDING GRANTS TO SANTA BARBARA CITY COLLEGE'S NURSING PROGRAM AND BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS PURSUING A NURSING DEGREE. THE FOUNDATION ALSO PROVIDED SUPPORT TO THE WORKFORCE OF COTTAGE HEALTH THROUGH ITS MORTGAGE ASSISTANCE PROGRAM. THIS PROGRAM PROVIDES A LOW-INTEREST LOAN TO EMPLOYEES WHO ARE PURCHASING A HOME IN THE SANTA BARBARA AREA. EMPLOYEES ARE ELIGIBLE TO RECEIVE UP TO $250,000 OR 15% OF THE PURCHASE PRICE TOWARDS A NEW HOME. 11766570 true true false false false false false false false true true true false false true true false true false false true false false false true false false true true true false false false false false true false false false false true false false false true true true true false false true 181 0 true 0 true true false false false false true true false false false false false false X 16 16 false false false false false false false true true false false false true true true true true true true true true true CA X Lawrence Thomas 8053249933 400 West Pueblo Santa Barbara CA 93105 Eric Seale Vice Chair 0.4 5.6 X X 0 0 0 Ginger Salazar Vice Chair 0.4 5.6 X X 0 0 0 Richard Ponce MD Secretary 0.4 5.6 X X 0 0 0 Steven Zola Board Chair 1.2 18.8 X X 0 0 0 Bhupi Singh Board Member 0.2 3.8 X 0 0 0 Ernesto Paredes Board Member 0.2 3.8 X 0 0 0 Gamble Parks ATTY Board Member 0.2 3.8 X 0 0 0 Mark Scott MD Board Member 0.2 3.8 X 0 0 0 Pamela Gann Board Member 0.2 3.8 X 0 0 0 Roberta Griffin Board Member 0.2 3.8 X 0 0 0 Robin Malone MD Board Member 0.2 3.8 X 0 0 0 Steve Ortiz Board Member 0.2 3.8 X 0 0 0 Susan Christol-Deacon Board Member 0.2 3.8 X 0 0 0 Thomas Cusack Board Member 0.2 3.8 X 0 0 0 Wesley Schooler MD Board Member 0.2 3.8 X 0 0 0 Yulun Wang PhD Board Member 0.2 3.8 X 0 0 0 Kristin Tufvesson Senior VP and CFO 1.5 53.5 X 0 1077998 104546 Lisa Moore Executive VP and COO 0.0 55.0 X 0 1154452 82301 Ronald Werft President & CEO 2.0 63.0 X 0 2013630 87365 Stacy Bratcher Senior VP and Chief Legal Officer 1.0 49.0 X 0 996206 99765 0 5242286 373977 0 false true false The Ritz Carlton Hotel 8301 Hollister Ave Santa Barbara CA 93117 event fees 130371 1 619004 23486643 267673 24105647 Mortgage Assistance program Revenue 900099 260947 260947 0 0 0 0 260947 3076209 231922 2844287 49532 49532 1471846 1430953 40893 0 40893 40893 52246061 46503093 5742968 0 5742968 5742968 66541 619004 329113 -262572 -262572 All other revenues 900099 23754 23754 0 0 0 0 23754 33037378 260947 231922 8438862 11221821 11221821 542150 542150 0 0 2696437 1018919 1677518 10800 10800 588545 588545 509413 23 134087 375303 8654 8654 165540 2576 24511 138453 135500 135500 14873 14873 23518 21072 2446 20677 6224 14453 13448 13448 SYSTEM ALLOCATION 708965 225571 483394 Income Taxes 424687 424687 Taxes, licenses and fees 50069 50069 Dues and subscriptions 11229 10478 751 0 0 0 0 17146326 11766570 2678784 2700972 5360891 9978393 3829113 5407659 61682332 55734811 549373 411359 300000 300000 0 0 18985361 20620001 329409 276262 48431000 8433386 40028590 39997614 97105834 128687170 40262161 27423930 0 5153719 5714238 273586783 294551437 143386 463615 442000 381815 0 0 4016570 2316286 4601956 3161716 X 135773728 158253305 133211099 133136416 268984827 291389721 273586783 294551437 X 15891052 5907122 606720 X false true true false X 11104539 12894193 35678953 60821825 24105647 144605157 0 0 0 0 0 0 0 0 0 0 0 0 11104539 12894193 35678953 60821825 24105647 144605157 83087403 61517754 1890650 3196297 3714201 4034490 4597587 17433225 0 0 0 0 0 0 0 119494 325109 201 23754 468558 162506940 1211830 0.37855 0.41177 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 0.0, COLUMN B - 119494.0, COLUMN C - 0.0, COLUMN D - 201.0, COLUMN E - 0.0, COLUMN F - 119695.0; DESCRIPTION - SHARED APPRECIATION LOANS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 284909.0, COLUMN D - 0.0, COLUMN E - 23754.0, COLUMN F - 308663.0; DESCRIPTION - INCOME TAX REFUND, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 40200.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 40200.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58079969 1954072 825839 59208202 32661482 24183402 1386867 151782 58079969 21771089 11725000 -602861 0 231746 0 32661482 17358617 2711619 1700853 0 0 0 21771089 13630225 4130608 -302837 0 99379 0 17358617 0.0 1.0 0.0 false false 26026041 26026041 21977723 8416651 13561072 288158 16735 271423 139078 139078 39997614 Closely-held equity interests Financial derivatives Alternative Investments 22187973 F Perpetual Trust 4739460 F Investment Villa Riviera Real Estate Company Inc. 470799 C Oil Lease 25698 C 27423930 Federal Income Taxes DUE TO AFFILIATES 1237007 ANNUITY OBLIGATIONS 1079279 2316286 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds The purposes of the endowment funds are for nursing education and scholarships, support of graduate education, support of Santa Barbara Cottage Hospital's Children's programs, support of the Emergency Room and for general support of the Santa Barbara Cottage Hospital. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Cottage completed an analysis of its tax positions, in accordance with ASC 740, and determined that there are no uncertain tax positions taken. Cottage has recognized no interest or penalties related to uncertain tax positions. Cottage is subject to routine audits by the taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The System believes it is no longer subject to income tax examinations for years prior to 2021. Central America and the Caribbean 0 0 Investments 67909698 East Asia and the Pacific 0 0 Investments 20722983 North America (Canada & Mexico only) 0 0 Investments 5044774 Europe (Including Iceland and Greenland) 0 0 Investments 18833544 0 0 0 0 0 0 112510999 0 112510999 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual TIARA BALL Fund Raising Dinner 685545 619004 66541 129463 111464 66440 21746 0 0 685545 619004 66541 129463 111464 66440 21746 329113 -262572 true Santa Barbara Cottage Hospital PO Box 689 Santa Barbara CA 93102 951644629 501(c)(3) 10480570 Support of Capital and general operations Cottage Health PO Box 689 Santa Barbara CA 93102 770431902 501(c)(3) 429251 Support of Population Health programs CSUCI FOUNDATION One University Drive Camarillo CA 93012 770433230 501(c)(3) 208000 Support of the Bachelor's in Science, Nursing program Westmont College 955 LA PAZ ROAD SANTA BARBARA CA 93108 770000241 501(c)(3) 104000 Support of the Bachelor's in Science, Nursing program 4 0 Assistance for families with medical needs 204 94251 Nursing Loans and scholarships 145 447899 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Grants to Santa Barbara Cottage Hospital and Cottage Health are determined by the Board of Directors, based on the needs and programs of the organizations. Granting to CSUCI (California State University Channel Islands) and Westmont College for the nursing degree program is reviewed annually, based on the ongoing success of the nursing programs. Nursing Scholarships are monitored through Human Resources and become due if the recipient is not employed by a Cottage Health hospital after a certain period of time. The loan is forgiven after two years of service at a CH hospital. X X X X false true false false false false false true false Ronald Werft President & CEO 0 1426504 0 556160 0 30966 0 65692 0 21673 0 2100995 0 0 Lisa Moore Executive VP and COO 0 766364 0 264555 0 123533 0 63340 0 18961 0 1236753 0 48864 Kristin Tufvesson Senior VP and CFO 0 669693 0 217411 0 190894 0 70000 0 34546 0 1182544 0 0 Stacy Bratcher Senior VP and Chief Legal Officer 0 689113 0 165638 0 141455 0 70000 0 29765 0 1095971 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation On an annual basis the Executive Compensation Committee (ECC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, and CFO. All members of the ECC are independent members of the Board of Directors. The ECC engages an independent consultant to prepare comparative compensation reports for each position. The executives individual performance will also be considered when determining compensation. The ECC recommends compensation for the executives to the full Board for approval. This process takes place annually for all executives. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan COTTAGE HEALTH PROVIDES CERTAIN EXECUTIVES A SUPPLEMENTAL RETIREMENT PROGRAM. THE PROGRAM IS DEFINED AS DEFERRED COMPENSATION UNDER THE IRC SECTION 457(F). THE ANNUAL CONTRIBUTION IS 9.8% OF BASE YEARS SALARY WITH THE CONTRIBUTIONS VESTING FIVE YEARS FROM CREDITING DATE, OR AT AGE 62, OR IMMEDIATELY IN THE EVENT OF DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT CAUSE. THE UNVESTED ACCOUNT BALANCES ARE ASSETS OF THE ORGANIZATION AND ARE INCLUDED IN OTHER ASSETS AND THE ACCRUED EXPENSE IS INCLUDED IN SERP AND RETIREMENT PLAN LIABILITY IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEETS. THE AMOUNTS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. DEFERRED CONTRIBUTIONS TO THIS PLAN WILL BE REPORTED AGAIN AS REPORTABLE COMPENSATION IN THE YEAR PAID. IN the current year, THERE WAS A RECIPIENT PAYOUT FROM THE 457(F) PLAN TO Lisa Moore ($48,865) Schedule J, Part I, Line 7 Non-fixed payments Each year the Board of Directors determines if a bonus can be paid based on the financial operating results of the completed year. The Board determines the total amount of the bonus pool. This pool of money is distributed to employees in the management team based on the individual's achievement of personal goals and the overall team's accomplishment of system-wide goals pertaining to quality, service excellence, employee engagement, financial or other. The payout for individuals is calculated based on percentages of their base salary and their position. Stacy Bratcher Sr VP and General Counsel Housing X 300000 300000 false true true 300000 8 267673 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The organization is reporting the number of donations received. Form 990, Part VI, Line 15a Executive compensation review Santa Barbara Cottage Hospital Foundation has no employees. The officers are paid by Cottage Health. On an annual basis the Executive Compensation Committee (ECC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, CFO. All members of the ECC are independent members of the Board of Directors. The ECC engages an independent consultant to prepare comparative compensation reports for each position. The executive's individual performance will also be considered when determining compensation. The ECC recommends compensation for the executives to the full Board for approval. This process takes place annually for all employed officers and key employees. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared under the direction of the Senior Vice President and CFO. Form 990 is compiled and reviewed by the Senior Vice President & CFO, the Vice President Finance & Controller, the Director Corporate Finance, and the Accounting Manager. Form 990 is reviewed separately by Ernst & Young as an independent tax consultant to Cottage during the development of the response. Each party reviews Form 990 prior to submission to the Compliance & Audit Committee and to the Board of Directors, whose reviews are conducted prior to filing. A complete copy of the final Form 990 is provided to all members of the governing board before it is filed. Form 990, Part VI, Line 12c Conflict of interest policy The purpose of the Conflict of Interest policy is to protect the interest of the foundation when it contemplates entering into a transaction or arrangement that could benefit the private interest of a Director or Officer of Cottage Health, Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, Santa Ynez Valley Cottage Hospital, Santa Barbara Cottage Hospital Foundation and Goleta Valley Professional Buildings, Inc., collectively known as Cottage Health. The Cottage Health Directors have a duty to: 1.) discharge their duties to benefit Cottage Health and not the Directors personally 2.) disclose situations with the potential for conflict of interest with the vision and mission of Cottage Health 3.) refrain from discussing confidential Cottage Health business with others. Each Board member will annually complete the Cottage Health Directors Annual Conflict Disclosure Form. The Disclosure information will be reviewed annually by the Board Chair and the results reported to the full Board. Each Director or Officer will disclose to the Board Chair items to be discussed at a Board meeting. If there are any material financial or personal interests a Board member or family member may have in a Board decision, the Director or Officer will disclose this to the Committee Chair before the Board reviews the items and takes action. In general, an Officer who has disclosed a potential conflict should be excused from the decision making portion of the discussion and is prohibited from voting on a matter involving a potential conflict of interest. If the Board has reasonable cause to believe that a Director or Officer failed to disclose a material financial interest or other potential material conflict of interest, the Board Chair shall inform the member of the basis for the belief and afford the member an opportunity to explain the alleged failure to disclose. After hearing the Director or Officer response and conducting any further necessary investigation, the Board determines if the Director or Officer failed to disclose a material financial or other potential material conflict of interest. The Board Chair shall take appropriate corrective action. Committee Chairs who address conflict of interest situations with a Board Committee member are responsible for reporting such situations to the Board Chair. Key employees are treated as other employees of Cottage Health and sign an annual conflict of interest form. These forms are reviewed by Compliance and any issues are brought to the Chief Compliance Officer. Form 990, Part VI, Line 15a Process to establish compensation of top management official On an annual basis the Compensation Committee (CC) of the Board of Directors meets to determine appropriate compensation for executives, including the CEO, COO, CFO, and vice presidents. All members of the CC are independent members of the Board of Directors. The CC engages an independent consultant to prepare comparative compensation reports for each position. The executive's individual performance will also be considered when determining compensation. The CC recommends compensation for the executives to the full Board for approval. This process takes place annually for all employed officers and key employees. Form 990, Part VI, Line 15b Process to establish compensation of other employees The process described in line 15a, above, takes place annually for all employed officers and key employees. For this fiscal year, the review occurred on March 29, 2024. Form 990, Part VI, Line 19 Required documents available to the public Tax filings and Audited Financial Statements are available upon request from the CFO. The organizations bylaws, articles of incorporation and conflict of interest policies are not available to the public. Form 990, Part IX, Line 25 Program expenses for Santa Barbara Cottage Hospital Foundation includes support for Santa Barbara Hospital, which is engaged in a multi-year hospital replacement project. The Foundation's support is based on construction schedules and financing needs of the hospital. Since the renovation began in 2005, the Foundation has provided the hospital over $275 million in support for the construction of the hospital and related capital improvements and over $33 million in other program support. In addition, since 2005, the Foundation has provided over $9 million to other related organizations' program support. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value CRT/Annuities/Pledges - 385260; Change in Value Perpetual Trusts/Endowment - 221460; Total - 606720; SBCH Foundation RE LLC PO Box 689 Santa Barbara CA 93102 Real Estate transactions CA 0 0 Santa Barbara Cottage Hospital Foundation COTTAGE HEALTH PO BOX 689 SANTA BARBARA CA 931020689 770431902 PARENT ORGANIZATION FOR 3 HOSPITALS & MEDICAL PROF BLDG. CA 501(c)(3) Type II NA false GOLETA VALLEY COTTAGE HOSPITAL PO BOX 689 SANTA BARBARA CA 931020689 952413596 HOSPITAL CA 501(c)(3) 3 COTTAGE HEALTH true SANTA YNEZ VALLEY COTTAGE HOSPITAL INC PO BOX 689 SANTA BARBARA CA 931020689 952224265 HOSPITAL CA 501(c)(3) 3 COTTAGE HEALTH true SANTA BARBARA COTTAGE HOSPITAL PO BOX 689 SANTA BARBARA CA 931020689 951644629 HOSPITAL CA 501(c)(3) 3 COTTAGE HEALTH true GOLETA VALLEY PROFESSIONAL BUILDINGS INC PO BOX 689 SANTA BARBARA CA 931020689 770004202 MEDICAL PROF BLDG CA 501(c)(3) Type II COTTAGE HEALTH true Cottage Medical Foundation PO Box 689 Santa Barbara CA 93102 934714437 Outpatient Clinics CA 501(c)(3) 3 Cottage Health true RIO BRAVO ENERGIA INVESTMENT I INVESTMENT HOLDINGS LP 89 NEXUS WAY CAMANA BAY GRAND CAYMANS CJ KY19007 999999999 INVESTMENT SB COTTAGE HOSP FNDTN Excluded 0 0 false false 0.76923 VILLA RIVIERA REAL ESTATE COMPANY PO BOX 689 SANTA BARBARA CA 93102 272996284 WORKFORCE HOUSING DEVELOPMENT CA SB COTTAGE HOSP FNDTN C Corporation 315200 475960 1 true CHARITABLE REMAINDER TRUSTS (16) PO BOX 689 SANTA BARBARA CA 93102 SUPPORTS HOSPITAL CA NA Trust 0 false CHARITABLE REMAINDER ANNUITIES (38) PO BOX 689 SANTA BARBARA CA 93102 SUPPORTS HOSPITAL CA NA Trust 0 false Neoma Global Maples Corporate Services LTF PO Box 309 Ugland House Grand Cayman CJ KY11104 951207058 Investment funds CJ SB Cottage Hosp Fndtn S Corporation 1 true false true false false false false false false false true false true true true true true false false false Santa Barbara Cottage Hospital B 10480570 accrual Santa Barbara Cottage Hospital J 62343 Accrual