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Nonprofiteer
← COASTAL BEND COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by COASTAL BEND COMMUNITY FOUNDATION.

Totals

Total revenue
$15,309,262
Total expenses
$11,928,954
Contributions and grants received
$6,566,029
Grants paid
$8,964,199
Program service revenue
$0
Investment income
$6,084,202
Other revenue
$2,659,031
Total assets, end of year
$154,639,110
Total liabilities, end of year
$14,063,323
Net assets or fund balances, end of year
$140,575,787
Program services expenses (Part IX)
$11,105,949
Management and general expenses
$604,739
Fundraising expenses
$218,266
Program service expenses (Part III)
$11,105,949

Program services were 93.1% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $3,585,227

  • 1f · All other contributions, gifts and grants

    $2,980,802

  • 1g · Noncash contributions included above

    $208,385

  • 3 · Investment income

    total $2,388,568 · excluded $2,388,568

  • 5 · Royalties

    total $1,351,987 · excluded $1,351,987

  • 7a · Gross sales of assets other than inventory

    securities $23,410,607 · other assets $153,536

  • 7b · Less cost or other basis and sales expenses

    securities $19,868,509

  • 7c · Gain or loss

    securities $3,542,098 · other assets $153,536

  • 7d · Net gain or loss

    total $3,695,634 · related or exempt $3,542,098 · excluded $153,536

  • 8a · Fundraising events: gross income

    $54,856

  • 8a · Fundraising events: contributions included on line 1c

    $3,585,227

  • 8b · Fundraising events: direct expenses

    $201,550

  • 8c · Net income from fundraising events

    total -$146,694 · excluded -$146,694

  • 11a · Other revenue: ADMINISTRATIVE FEE INCOME

    total $1,367,939 · related or exempt $1,367,939

  • 11b · Other revenue: OTHER INCOME

    total $85,799 · excluded $85,799

  • 11c · Other revenue: EGC COMPRESSORS, INC.

    total $19,009 · unrelated business $19,009

  • 11d · All other revenue

    total -$19,009 · unrelated business $3,234 · excluded -$22,243

  • 11e · Other revenue, total

    $1,453,738

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,394,282 · program services $8,394,282

  • 2 · Grants to domestic individuals

    total $569,917 · program services $569,917

  • 5 · Compensation of officers, directors and key employees

    total $546,980 · program services $159,304 · management and general $246,141 · fundraising $141,535

  • 7 · Other salaries and wages

    total $219,217 · program services $109,608 · management and general $98,648 · fundraising $10,961

  • 8 · Pension plan contributions

    total $4,511 · program services $2,255 · management and general $2,030 · fundraising $226

  • 9 · Other employee benefits

    total $19,506 · program services $9,753 · management and general $8,778 · fundraising $975

  • 10 · Payroll taxes

    total $52,933 · program services $20,418 · management and general $23,820 · fundraising $8,695

  • 11a · Fees: management

    total $6,925 · management and general $6,925

  • 11c · Fees: accounting

    total $32,700 · management and general $32,700

  • 11f · Fees: investment management

    total $323,125 · program services $323,125

  • 11g · Fees: other

    total $38,803 · management and general $38,803

  • 12 · Advertising and promotion

    total $15,430 · fundraising $15,430

  • 13 · Office expenses

    total $23,220 · program services $10,449 · management and general $10,449 · fundraising $2,322

  • 14 · Information technology

    total $43,787 · program services $19,704 · management and general $19,704 · fundraising $4,379

  • 16 · Occupancy

    total $41,271 · program services $18,572 · management and general $18,572 · fundraising $4,127

  • 17 · Travel

    total $458 · program services $206 · management and general $206 · fundraising $46

  • 19 · Conferences, conventions and meetings

    total $5,084 · management and general $5,084

  • 22 · Depreciation, depletion and amortization

    total $4,971 · management and general $4,971

  • 23 · Insurance

    total $18,011 · management and general $18,011

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $1,259,457 · program services $1,259,457

  • 24b · Other expenses: STOP PAYMENT & CC FEES

    total $124,752 · program services $124,752

  • 24c · Other expenses: FOREIGN TAX WITHHOLDING

    total $46,329 · management and general $46,329

  • 24d · Other expenses: LAND & MINERAL-NET OF AGE

    total $40,409 · program services $40,409

  • 24e · All other expenses

    total $96,876 · program services $43,738 · management and general $23,568 · fundraising $29,570

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $897,257 · end of year $302,136

  • 3 · Pledges and grants receivable

    beginning of year $21,485 · end of year $521,729

  • 4 · Accounts receivable

    beginning of year $115,912 · end of year $134,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,049 · end of year $139,981

  • 10a · Land, buildings and equipment: cost or other basis

    $8,630,209

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,480

  • 10c · Land, buildings and equipment, net

    beginning of year $5,727,896 · end of year $8,560,729

  • 11 · Investments: publicly traded securities

    beginning of year $131,774,828 · end of year $144,896,643

  • 15 · Other assets

    beginning of year $117,328 · end of year $83,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,469 · end of year $180,572

  • 18 · Grants payable

    beginning of year $669,305 · end of year $495,415

  • 25 · Other liabilities

    beginning of year $11,753,867 · end of year $13,387,336

  • 27 · Net assets without donor restrictions

    beginning of year $9,008,846 · end of year $13,117,951

  • 28 · Net assets with donor restrictions

    beginning of year $117,152,268 · end of year $127,457,836

Mission and programs · 2024

Mission

TO ENHANCE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS THROUGH CHARITABLE AND EDUCATIONAL GRANTS.

  • THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS TO IMPROVE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS FROM UNRESTRICTED, FIELD-OF-INTEREST, DESIGNATED, SPECIAL PROJECT AND DONOR ADVISED FUNDS.

    Expenses $6,404,726 · Grants $4,369,178

  • THE FOUNDATION PROVIDES SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS IN ACCORDANCE WITH THE TERMS OF THE APPROXIMATE 100 SCHOLARSHIP AND FELLOWSHIP FUNDS.

    Expenses $623,018 · Grants $569,917

  • ON NOVEMBER 12, 2024 THE FOUNDATION HAD A ONE 24 HOUR PERIOD OF ONLINE GIVING OF DONATIONS CALLED THE "COASTAL BEND DAY OF GIVING", WHERE DONORS MATCHED THE FIRST 1.5 MILLION COLLECTED FOR 63 NONPROFITS IN THE COASTAL BEND SERVICE AREA. THE TOTAL AMOUNT GRANTED TO THE 63 NONPROFITS WAS 4,275,104 WHICH PROVIDED ASSISTANCE TO OVER 63,200 COASTAL BEND RESIDENTS.

    Expenses $4,078,205 · Grants $4,025,104

As filed on the 2024 return.

Listed in Part VII

  • Richard Scanio

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Hon Karin Knolle

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Brower

    TREASURER/FI

    Total calculated
    $0
    Hours/week
    1

  • Richard Leshin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Karen O'Connor Urban

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Al Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Joe McComb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Unda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paula Dean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Kellar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kirkby Townsend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Osbert Blow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James H Clement III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Womack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louise Aduddell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Bauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Taggart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Whatley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Eisenhauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen W Selim

    PRESIDENT AN

    Total calculated
    $285,464
    From this org
    $260,000
    From related orgs
    $0
    Other
    $25,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,850
    Nontaxable benefits
    $11,614
    Filer's total
    $285,464

  • Tracy Ramirez

    DIRECTOR OF

    Total calculated
    $116,600
    From this org
    $102,500
    From related orgs
    $0
    Other
    $14,100
    Hours/week
    40

  • Alyssa Monette

    DIRECTOR OF

    Total calculated
    $150,763
    From this org
    $132,500
    From related orgs
    $0
    Other
    $18,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,950
    Nontaxable benefits
    $10,313
    Filer's total
    $150,763

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202523219349325087

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