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Nonprofiteer
← COASTAL COMMUNITY FOUNDATION OF SOUTH CAROLINA INC

Form 990 for tax year 2024

Filed by COASTAL COMMUNITY FOUNDATION OF SOUTH CAROLINA INC.

Totals

Total revenue
$46,328,098
Total expenses
$40,582,009
Contributions and grants received
$24,219,502
Grants paid
$28,525,446
Program service revenue
$4,640,047
Investment income
$17,734,803
Other revenue
-$266,254
Total assets, end of year
$435,574,394
Total liabilities, end of year
$9,257,882
Net assets or fund balances, end of year
$426,316,512
Program services expenses (Part IX)
$33,289,237
Management and general expenses
$6,272,424
Fundraising expenses
$1,020,348
Program service expenses (Part III)
$33,289,237

Program services were 82.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $485,519

  • 1f · All other contributions, gifts and grants

    $23,733,983

  • 1g · Noncash contributions included above

    $3,479,593

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $4,304,019 · related or exempt $4,304,019

  • 2b · Program service revenue: EARNED SERVICES FEES

    total $336,028 · related or exempt $336,028

  • 3 · Investment income

    total $11,480,308 · unrelated business $915,993 · excluded $10,564,315

  • 6a · Gross rents

    real property $69,876

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $69,876

  • 6d · Net rental income or loss

    total $69,876 · related or exempt $69,876

  • 7a · Gross sales of assets other than inventory

    securities $62,764,282

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

    securities $56,509,787

  • 7c · Gain or loss

    securities $6,254,495

  • 7d · Net gain or loss

    total $6,254,495 · excluded $6,254,495

  • 8a · Fundraising events: gross income

    $240,429

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

    $485,519

  • 8b · Fundraising events: direct expenses

    $581,134

  • 8c · Net income from fundraising events

    total -$340,705 · excluded -$340,705

  • 11a · Other revenue: OTHER INCOME

    total $4,575 · related or exempt $4,575

  • 11e · Other revenue, total

    $4,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,347,364 · program services $27,347,364

  • 2 · Grants to domestic individuals

    total $799,942 · program services $799,942

  • 3 · Grants to foreign organizations and individuals

    total $378,140 · program services $378,140

  • 5 · Compensation of officers, directors and key employees

    total $727,221 · program services $429,334 · management and general $187,017 · fundraising $110,870

  • 7 · Other salaries and wages

    total $2,597,148 · program services $1,533,293 · management and general $667,900 · fundraising $395,955

  • 8 · Pension plan contributions

    total $197,943 · program services $116,861 · management and general $50,904 · fundraising $30,178

  • 9 · Other employee benefits

    total $458,484 · program services $270,678 · management and general $117,907 · fundraising $69,899

  • 10 · Payroll taxes

    total $243,836 · program services $143,955 · management and general $62,706 · fundraising $37,175

  • 11a · Fees: management

    total $4,265,721 · management and general $4,265,721

  • 11f · Fees: investment management

    total $328,468 · management and general $328,468

  • 11g · Fees: other

    total $953,776 · program services $665,093 · management and general $166,265 · fundraising $122,418

  • 12 · Advertising and promotion

    total $159,668 · program services $159,668

  • 13 · Office expenses

    total $49,104 · program services $27,108 · management and general $13,809 · fundraising $8,187

  • 14 · Information technology

    total $228,459 · program services $117,967 · management and general $69,368 · fundraising $41,124

  • 16 · Occupancy

    total $436,984 · program services $229,366 · management and general $130,345 · fundraising $77,273

  • 17 · Travel

    total $59,080 · program services $41,183 · management and general $11,236 · fundraising $6,661

  • 19 · Conferences, conventions and meetings

    total $94,331 · program services $47,714 · management and general $31,961 · fundraising $14,656

  • 22 · Depreciation, depletion and amortization

    total $177,605 · program services $92,301 · management and general $53,555 · fundraising $31,749

  • 23 · Insurance

    total $123,070 · management and general $76,008 · fundraising $47,062

  • 24a · Other expenses: OTHER PROGRAM EXPENSE

    total $726,503 · program services $726,503 · management and general $0 · fundraising $0

  • 24b · Other expenses: GIFTS/RECOGNITION

    total $81,548 · program services $50,800 · management and general $19,304 · fundraising $11,444

  • 24c · Other expenses: CONTRIBUTIONS/SPONSORSH

    total $77,331 · program services $77,331 · management and general $0 · fundraising $0

  • 24d · Other expenses: DEVELOPMENT AND RELOCAT

    total $50,340 · program services $29,584 · management and general $13,031 · fundraising $7,725

  • 24e · All other expenses

    total $19,943 · program services $5,052 · management and general $6,919 · fundraising $7,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $735,268 · end of year $777,126

  • 2 · Savings and temporary cash investments

    beginning of year $34,857,733 · end of year $8,166,833

  • 3 · Pledges and grants receivable

    beginning of year $349,249 · end of year $670,916

  • 4 · Accounts receivable

    end of year $12,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $317,522 · end of year $342,002

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

    $3,913,347

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

    $892,837

  • 10c · Land, buildings and equipment, net

    beginning of year $3,142,455 · end of year $3,020,510

  • 11 · Investments: publicly traded securities

    beginning of year $285,614,499 · end of year $359,604,574

  • 12 · Investments: other securities

    beginning of year $62,317,385 · end of year $60,841,865

  • 13 · Investments: program-related

    beginning of year $2,040,707 · end of year $2,135,963

  • 15 · Other assets

    beginning of year $1,983 · end of year $1,983

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,981 · end of year $272,721

  • 18 · Grants payable

    beginning of year $189,626 · end of year $4,711,782

  • 19 · Deferred revenue

    beginning of year $13,273 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,282,150 · end of year $4,273,379

  • 27 · Net assets without donor restrictions

    beginning of year $382,225,446 · end of year $423,285,626

  • 28 · Net assets with donor restrictions

    beginning of year $2,503,325 · end of year $3,030,886

Mission and programs · 2024

Mission

THE FOUNDATION BUILDS THRIVING COMMUNITIES BY CONNECTING PEOPLE AND INVESTING RESOURCES, ACROSS THE NINE COASTAL COUNTIES OF SC BEAUFORT, BERKELEY, CHARLESTON, COLLETON, DORCHESTER, GEORGETOWN, HAMPTON, HORRY, AND JASPER. IT ALSO MANAGES OVER 800 INDIVIDUAL FUNDS, EACH GUIDED BY A DONOR'S INTENT TO SUPPORT SPECIFIC OR BROAD CHARITABLE GOALS.

Activities or mission (Part I)

UNITE PEOPLE AND RESOURCES TO BUILD COMMUNITIES RICH IN OPPORTUNITY AND WELL-BEING.

  • PHILANTHROPY - AS SOUTH CAROLINA'S LARGEST COMMUNITY FOUNDATION AND A RECOGNIZED TRUSTED PHILANTHROPIC LEADER IN THE SOUTHEAST, COASTAL CMMUNITY FOUNDATION (CCF) DELIVERS DONOR-CENTERED GUIDANCE AND EXCEPTIONAL STEWARDSHIP TO INDIVIDUALS, FAMILIES, AND ORGANIZATIONS. WITH A PROVEN ABILITY TO TRANSFORM BOLD IDEAS INTO MEANINGFUL ACTION, WE HELP FUND PROGRAMS THAT ADDRESS URGENT NEEDS AND SUSTAIN VITAL COMMUNITY INITIATIVES FOR GENERATIONS. CCF'S 50TH ANNIVERSARY IN 2024 CELEBRATED PROVIDING OVER $433M IN PHILANTHROPIC GRANTMAKING AND SCHOLARSHIP DISTRIBUTIONS SINCE INCEPTION.

    Expenses $33,289,237 · Grants $28,525,446 · Revenue $4,714,498

  • GRANTMAKING - WITH ROBUST EXPERTISE IN LONG-TERM CHARITABLE GIVING AND EMERGENCY RESPONSE, THE FOUNDATION DELIVERS VITAL OPERATIONAL AND CATALYTIC SUPPORT ACROSS OUR NINE-COUNTY SERVICE AREA. 2,369 GRANTS AND SCHOLARSHIPS WERE DISBURSED DURING THE YEAR TOTALING $28.5M. THESE INVESTMENTS REFLECT OUR COMMITMENT TO BUILDING STRONGER, MORE RESILIENT COMMUNITIES FUELING PROGRESS IN KEY AREAS: HUMAN NEEDS $7M; EDUCATION $9.9M; HEALTH INITIATIVES: $3M; ENVIRONMENTAL EFFORTS: $1.6M; ARTS: $2.4M; FAITH-BASED PROGRAMS: $918K; NEIGHBORHOOD & COMMUNITY DEVELOPMENT: $2.7M; PHILANTHROPY: $624K; SOCIAL JUSTICE: $185K.

  • STRATEGIC INITIATIVES INCLUDE 1) THE FOUNDATION'S SCHOLARSHIP PROGRAMS AWARDED 192 SCHOLARSHIPS TOTALING $833K, EXPANDING ACCESS TO HIGHER EDUCATION ACROSS THE REGION; 2) THE CATALYST GRANT PROGRAM PROVIDED $2.4M IN FUNDING WITH A $4.3M FUTURE MULTI-YEAR COMMITMENT, TO NONPROFITS IN BEAUFORT, COLLETON, HAMPTON, AND JASPER COUNTIES TO ADVANCE COLLABORATION, BUILD STRATEGIC CAPACITY, AND DRIVE COMMUNITY INNOVATION. GRANTS SUPPORT INITIATIVES WITH MEASURABLE IMPACT THROUGH PARTNERSHIPS, ORGANIZATIONAL STRENGTHENING, AND SOLUTIONS THAT ADDRESS LOCAL NEEDS FOR UP TO FIVE YEARS. SOME GRANTEES MAY ALSO RECEIVE EXPERT TECHNICAL ASSISTANCE THROUGHOUT THE GRANT TERM TO ENHANCE EFFECTIVENESS AND SUSTAINABILITY; 3) THE PLACE-BASED IMPACT INVESTMENT INITIATIVE DEPLOYED NEARLY $1.4M INTO LIFTING AFFORDABLE HOUSING, SMALL BUSINESS LENDING, AND PHYSICAL AND MENTAL WELL-BEING.

  • COMMUNITY LEADERSHIP - CCF HAS LONG SERVED AS A TRUSTED CONVENER, UNITING RESIDENTS, BUSINESS LEADERS, NON-PROFIT PARTNERS, AND GOVERNMENT TO ADDRESS PRESSING CHALLENGES FROM HOUSING AND EDUCATION DISPARITIES TO ECONOMIC MOBILITY, NEIGHBORHOOD REVITALIZATION, AND DISASTER RESPONSE AND RECOVERY. THROUGH IMPACT INVESTING, ADVOCACY, AND EDUCATION, WE DRIVE SOLUTIONS THAT BUILD STRONGER COMMUNITIES. CCF WAS INTEGRAL IN THE DEVELOPMENT AND LONG-TERM PLANNING THAT IS ADDRESSING REGIONAL HOUSING AFFORDABILITY WITH TWO COMMUNITY-BASED PROJECTS AND EDUCATION SUPPORT FOR UNDERPERFORMING SCHOOLS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Vanessa Gongora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mason Holland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christie Wootton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellis Regenbogen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morgan Morton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerome Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Bundy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Zucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Zara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie Phillippe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine C Lacour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cokeitha Gaddist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie H Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernett W Mazyck

    DIRECTOR - THRU 1.3.25

    Total calculated
    $0
    Hours/week
    1

  • Tyeka Grant

    DIRECTOR - THRU 12.31.24

    Total calculated
    $0
    Hours/week
    1

  • Larry Mercado

    DIRECTOR - THRU 12.31.24

    Total calculated
    $0
    Hours/week
    1

  • Herbert L Drayton III

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wiliam Dunn

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ronda K Dean

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Darrin Goss

    CEO

    Total calculated
    $400,983
    From this org
    $318,000
    From related orgs
    $0
    Other
    $82,983
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $293,000
    Bonus
    $25,000
    Other
    $0
    Deferred
    $60,729
    Nontaxable benefits
    $22,254
    Filer's total
    $400,983

  • Jane Litz

    CFO

    Total calculated
    $253,321
    From this org
    $221,952
    From related orgs
    $0
    Other
    $31,369
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,802
    Bonus
    $16,150
    Other
    $0
    Deferred
    $11,270
    Nontaxable benefits
    $20,099
    Filer's total
    $253,321

  • Melissa Levesque

    CHIEF STRATEGY OFFICER

    Total calculated
    $220,157
    From this org
    $187,270
    From related orgs
    $0
    Other
    $32,887
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,270
    Bonus
    $15,000
    Other
    $0
    Deferred
    $9,383
    Nontaxable benefits
    $23,504
    Filer's total
    $220,157

  • Helen Wolfe

    SR DIRECTOR DEVELOPMENT & STEWARDSHIP

    Total calculated
    $139,436
    From this org
    $123,564
    From related orgs
    $0
    Other
    $15,872
    Hours/week
    50

  • Christopher Ballad

    SR DIRECTOR FINANCE & CONTROLLER

    Total calculated
    $158,847
    From this org
    $122,383
    From related orgs
    $0
    Other
    $36,464
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,683
    Bonus
    $2,700
    Other
    $0
    Deferred
    $6,374
    Nontaxable benefits
    $30,090
    Filer's total
    $158,847

  • Todd Lohrenz

    SR DIRECTOR MARKETING & COMMUNICATIONS

    Total calculated
    $149,829
    From this org
    $111,726
    From related orgs
    $0
    Other
    $38,103
    Hours/week
    50

  • David Galvin

    VP OF TALENT & OPERATIONS

    Total calculated
    $172,349
    From this org
    $147,696
    From related orgs
    $0
    Other
    $24,653
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,696
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,543
    Nontaxable benefits
    $17,110
    Filer's total
    $172,349

  • Kerri Forest

    VP OF GRANTMAKING AND COMMUNITY LEADERSHIP

    Total calculated
    $135,535
    From this org
    $124,419
    From related orgs
    $0
    Other
    $11,116
    Hours/week
    50

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 · First-class or charter travel
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
DARRIN GOSS, PRESIDENT & CHIEF EXECUTIVE OFFICER, PARTICIPATED IN A SECTION 457(F) PLAN DURING 2024. CONTRIBUTIONS TO THE 457(F) PLAN TOTALED $25,000.

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TCF REALTY LLC

    REAL ESTATE TITLE · SC · income $0 · assets $0

    Directly controlled by COASTAL COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503159349303100

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

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