Coastal Enterprises Inc

Organization Overview

Coastal Enterprises Inc is located in Brunswick, ME. The organization was established in 1978. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2019, Coastal Enterprises Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Coastal Enterprises Inc generated $9.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $11.3m during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

GROW GOOD JOBS, ENVIRONMENTALLY SUSTAINABLE ENTERPRISES AND MORE BROADLY SHARED PROSPERITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO HELP CREATE OPPORTUNITIES FOR COMMUNITIES AND INDIVIDUALS, ESPECIALLY THOSE WITH LOW INCOMES, BY DEVELOPING AND ADMINISTERING PROGRAMS AND MOBILIZING FUNDS TO STIMULATE ECONOMIC ACTIVITY THROUGH INVESTMENT, TECHNICAL ASSISTANCE, RESEARCH AND EDUCATION PRIMARILY IN SMALL BUSINESSES, SOCIAL SERVICES, AFFORDABLE HOUSING AND COMMUNITY FACILITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cohnreznik Llp
Audit & Tax Services
$101,400
Macdonald Page & Co Llc Vmac050
Audit & Tax Services
$132,984
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$5,494,429
Investment income $247,758
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $19,110
Net Gain/Loss on Asset Sales $27,557
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,413,252

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Coastal Enterprises Inc has recieved totaling $255,000.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE PURPOSES

$35,000
Sam L Cohen Foundation

Portland, ME

PURPOSE: STARTSMART

$20,000
View Grant Recipient Profile

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