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Nonprofiteer
← COMMUNITIES OF COASTAL GEORGIA FOUNDATION INC

Form 990 for tax year 2023

Filed by COMMUNITIES OF COASTAL GEORGIA FOUNDATION INC.

Totals

Total revenue
$5,055,459
Total expenses
$5,916,423
Contributions and grants received
$3,172,967
Grants paid
$5,219,518
Program service revenue
$0
Investment income
$1,842,624
Other revenue
$39,868
Total assets, end of year
$48,869,763
Total liabilities, end of year
$3,813,561
Net assets or fund balances, end of year
$45,056,202
Program services expenses (Part IX)
$5,669,122
Management and general expenses
$137,392
Fundraising expenses
$109,909
Program service expenses (Part III)
$5,669,122

Program services were 95.8% 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.

  • 1f · All other contributions, gifts and grants

    $3,172,967

  • 1g · Noncash contributions included above

    $1,316,163

  • 3 · Investment income

    total $1,412,750 · excluded $1,412,750

  • 7a · Gross sales of assets other than inventory

    securities $23,008,032

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

    securities $22,578,158

  • 7c · Gain or loss

    securities $429,874

  • 7d · Net gain or loss

    total $429,874 · excluded $429,874

  • 11a · Other revenue: MANAGEMENT FEE

    total $22,424 · related or exempt $22,424

  • 11b · Other revenue: OTHER INCOME

    total $17,444 · related or exempt $17,444

  • 11e · Other revenue, total

    $39,868

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,219,518 · program services $5,219,518

  • 5 · Compensation of officers, directors and key employees

    total $251,171 · program services $138,144 · management and general $62,793 · fundraising $50,234

  • 7 · Other salaries and wages

    total $69,020 · program services $37,961 · management and general $17,255 · fundraising $13,804

  • 8 · Pension plan contributions

    total $7,172 · program services $3,945 · management and general $1,793 · fundraising $1,434

  • 9 · Other employee benefits

    total $1,495 · program services $822 · management and general $374 · fundraising $299

  • 10 · Payroll taxes

    total $24,751 · program services $13,613 · management and general $6,188 · fundraising $4,950

  • 11a · Fees: management

    total $20,691 · program services $11,380 · management and general $5,173 · fundraising $4,138

  • 11c · Fees: accounting

    total $15,900 · program services $8,745 · management and general $3,975 · fundraising $3,180

  • 11f · Fees: investment management

    total $147,354 · program services $147,354

  • 12 · Advertising and promotion

    total $26,152 · program services $14,384 · management and general $6,538 · fundraising $5,230

  • 13 · Office expenses

    total $18,775 · program services $10,326 · management and general $4,694 · fundraising $3,755

  • 14 · Information technology

    total $32,732 · program services $18,003 · management and general $8,183 · fundraising $6,546

  • 16 · Occupancy

    total $50,484 · program services $27,766 · management and general $12,621 · fundraising $10,097

  • 17 · Travel

    total $6,599 · program services $3,629 · management and general $1,650 · fundraising $1,320

  • 19 · Conferences, conventions and meetings

    total $7,266 · program services $3,996 · management and general $1,817 · fundraising $1,453

  • 20 · Interest

    total $36 · program services $18 · management and general $10 · fundraising $8

  • 23 · Insurance

    total $2,806 · program services $1,543 · management and general $702 · fundraising $561

  • 24a · Other expenses: OTHER

    total $9,559 · program services $5,257 · management and general $2,390 · fundraising $1,912

  • 24b · Other expenses: PRINTING AND PUBLICATIO

    total $4,942 · program services $2,718 · management and general $1,236 · fundraising $988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,486,292 · end of year $3,756,161

  • 2 · Savings and temporary cash investments

    beginning of year $1,166,530 · end of year $0

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

    $6,266

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

    $6,266

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $40,663,638 · end of year $44,483,851

  • 15 · Other assets

    beginning of year $118,050 · end of year $629,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,092 · end of year $14,113

  • 25 · Other liabilities

    beginning of year $3,009,875 · end of year $3,799,448

  • 27 · Net assets without donor restrictions

    beginning of year $42,325,083 · end of year $45,000,359

  • 28 · Net assets with donor restrictions

    beginning of year $69,460 · end of year $55,843

Mission and programs · 2023

Mission

AS ONE OF OVER 750 COMMUNITY FOUNDATONS IN THE U.S. OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE IN COASTAL GEORGIA BY PROMOTING AND INCREASING RESPONSIBLE, EFFECTIVE PHILANTHROPY, NOW AND FOR FUTURE GENERATIONS. OUR ASSETS ARE ADMINISTERED FOR CHARITABLE PURPOSES PRIMARILY FOR THE BENEFIT OF GLYNN, MCINTOSH AND CAMDEN COUNTIES, THROUGH BOTH COMPETITIVE AND NON-COMPETITIVE GRANT AWARDS.

Activities or mission (Part I)

SEE SCHEDULE O.THE COMMUNITIES OF COASTAL GEORGIA FOUNDATION, INC. WAS ESTABLISHED TO IMPROVE THE QUALITY OF LIFE IN COASTAL GEORGIA BY ENCOURAGING RESPONSIVE AND EFFECTIVE PHILANTHROPY TO ADDRESS COMMUNITY NEEDS AND ISSUES, BOTH NOW AND FOR FUTURE GENERATIONS. WE WORK WITH INDIVIDUALS, FAMILIES, CORPORATIONS AND FOUNDATIONS TO CREATE FUNDS; WE CONVENE COMMUNITY LEADERSHIP ON ISSUES VITAL TO THE REGION; WE HELP TO BUILD THE CAPACITY OF LOCAL NONPROFITS.

  • WE PROVIDE PHILANTHROPIC SERVICES TO OUR DONORS AND FUND HOLDERS, EDUCATING THEM ON COMMUNITY ISSUES, HELPING THEM DEFINE THEIR GOALS, AND ADMINISTERING THEIR GRANT MAKING REQUESTS IN AN EFFICIENT AND EFFECTIVE MANNER. OUR ASSETS ARE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES AND CONSIST OF BOTH ENDOWED AND NON-ENDOWED FUNDS (SEE SCHEDULE O).

    Expenses $5,669,122 · Grants $5,219,518

  • WE STRENGTHEN LOCAL NONPROFITS THROUGH GRANT MAKING, AND INDIVIDUALLY WORK WITH THEM TO DEFINE AND ARTICULATE THEIR PROGRAMS AND IMPROVE THEIR CAPACITY TO OPERATE EFFECTIVELY AND WITH THE HIGHEST STANDARDS (SEE SCHEDULE O).

  • WE CONVENE THE COMMUNITY AROUND CRITICAL ISSUES, RAISING PUBLIC AWARENESS, FACILITATING MEETINGS, HELPING DEFINE THE ISSUES AND APPROPRIATE RESPONSES (SEE SCHEDULE O).

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

Listed in Part VII

  • Phillip Saussy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David W Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hillary S Stringfellow

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jack C Kilgore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Burch Barger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sugandha Yadav

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel K Arline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Barker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawton M Nease III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin J Miller

    AT-LARGE EXECUTIVE COMMITT

    Total calculated
    $0
    Hours/week
    1

  • Mary T Root

    AT-LARGE EXECUTIVE COMMITT

    Total calculated
    $0
    Hours/week
    1

  • Michael K Maloy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Hodnett Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rene C Shelnutt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandra W Channell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen V Kinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet A Shirley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cedric King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reese Lanier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keeva Kase

    PRESIDENT & CEO

    Total calculated
    $139,387
    From this org
    $139,387
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laura Moore

    CFO & COO

    Total calculated
    $111,784
    From this org
    $111,784
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Schedule J

Answered yes

  • 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
2023
Filed
23 August 2024
IRS schema version
2023v5.1
Source object
202432509349301128

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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