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Coastal Bend Community Foundation

Corpus Christi, TX · EIN 74-2190039 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Coastal Bend Community Foundation reported $15.3 million in revenue and $11.9 million in expenses for calendar year 2024. Of every $100 it spent, $93.10 went to program services, $5.07 to management and general costs and $1.83 to fundraising. Its largest source of revenue was contributions and grants: 42.9% of the total. The highest compensation it reported for one person was $285,464 (PRESIDENT AN). 3 people received more than $100,000 in reportable compensation. Revenue rose 7% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
93.1%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
5.1%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.8%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.03$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
42.9%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$285,464$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.39%1.56%
People paid over $100,000
Part VII, line 2
33
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
141.456.6
Independent voting board members
Part VI 1a–1b
22 of 22100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$6.4M expenses · 57.7% of program spending · grants $4.4M

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

$623K expenses · 5.6% of program spending · grants $570K

The foundation provides scholarships and fellowships to students in accordance with the terms of the approximate 100 scholarship and fellowship funds

$4.1M expenses · 36.7% of program spending · grants $4.0M

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

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT AN
Officer, 40.00 hrs/week
$260,000$0$25,464$285,464
DIRECTOR OF
Officer, 40.00 hrs/week
$132,500$0$18,263$150,763
DIRECTOR OF
Officer, 40.00 hrs/week
$102,500$0$14,100$116,600

3 people received more than $100,000 in reportable compensation from Coastal Bend Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $547K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$15M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$15M$12M93.1%$141M$285,464
2023 ⓘ$18M$11M93.6%$126M$233,371
2022 ⓘ$14M$11M94.1%$107M$232,033
2021 ⓘ$22M$9.8M94.2%$117M$197,754
2020 ⓘ$11M$11M95.4%$99M$191,424
2019 ⓘ$14M$12M95.6%$93M$188,460

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b22 · 22 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 58

Private foundation grants it received

20 private foundations reported grants to Coastal Bend Community Foundation totaling $527K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Coastal Bend Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Coastal Bend Community Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Coastal Bend Community Foundation's spending goes to programs?

In calendar year 2024, Coastal Bend Community Foundation reported that 93.1% of its $11.9 million in expenses went to program services, 5.1% to management and general and 1.8% to fundraising (Form 990, Part IX).

How much does Coastal Bend Community Foundation pay its top executive?

The largest total compensation Coastal Bend Community Foundation reported for one person in calendar year 2024 was $285,464, for the role of PRESIDENT AN (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Coastal Bend Community Foundation get its money?

Of $15.3 million in revenue in calendar year 2024, 42.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Coastal Bend Community Foundation a registered charity?

The IRS lists EIN 74-2190039 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523219349325087 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443269349301469 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303199349307615 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223199349325682 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123159349307437 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043219349314124 · read the filing

All filings for EIN 74-2190039: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.