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Nonprofiteer
← GULF COAST STRATEGIC INVESTMENTS INC

Form 990 for tax year 2023

Filed by GULF COAST STRATEGIC INVESTMENTS INC.

Totals

Total revenue
$0
Total expenses
$15,347
Contributions and grants received
$0
Grants paid
$14,432
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$837,228
Total liabilities, end of year
$857,629
Net assets or fund balances, end of year
-$20,401
Program services expenses (Part IX)
$14,432
Management and general expenses
$915
Fundraising expenses
$0
Program service expenses (Part III)
$14,432

Program services were 94.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,432 · program services $14,432

  • 24a · Other expenses: BANK FEES

    total $915 · management and general $915

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,123 · end of year $131,209

  • 12 · Investments: other securities

    beginning of year $706,019 · end of year $706,019

  • 17 · Accounts payable and accrued expenses

    beginning of year $843,196 · end of year $857,629

  • 27 · Net assets without donor restrictions

    beginning of year -$5,054 · end of year -$20,401

Mission and programs · 2023

Mission

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENTGULF COAST STRATEGIC INVESTMENTS WAS CREATED FOR THE PURPOSE OF ACCEPTING GIFTS OF COMPLEX ASSETS, LEVERAGING REAL ESTATE TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES, AND MAXIMIZING THE RETURN ON INVESTMENTS THROUGH PORTFOLIO DIVERSIFICATION IN REAL ESTATE.

  • THE ORGANIZATION HOLDS COMPLEX ASSETS IN SUPPORT OF THE GULF COAST COMMUNITY FOUNDATION

    Expenses $14,432 · Grants $14,432

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Sessions

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dave Dignam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Hartley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karl Kokomoor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tommy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Thro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pauline Wamsler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Lanham

    PRESIDENT

    Total calculated
    $280,751
    From this org
    $0
    From related orgs
    $252,586
    Other
    $28,165
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,686 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $900 related
    Deferred
    $0 + $4,431 related
    Nontaxable benefits
    $0 + $23,734 related
    Filer's total
    $0 + $280,751 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
21 March 2025
IRS schema version
2023v6.0
Source object
202500949349301330

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