Coastal Educational Foundation Incorporated

Organization Overview

Coastal Educational Foundation Incorporated is located in Conway, SC. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Educational Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Coastal Educational Foundation Incorporated generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 13.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT COASTAL CAROLINA UNIVERSITY THROUGH SCHOLARSHIPS AND PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY SUPPORT - THE FOUNDATION PROVIDES SALARY ENRICHMENT AND BENEFITS TO ATTRACT AND RETAIN TOP ADMINISTRATION.


PROGRAM SUPPORT - THE FOUNDATION FUNDS CHAIRS AND PROFESSORSHIPS FOR THE VARIOUS COLLEGES AND PROVIDES FUNDING FOR MANY OF THE RENOWNED PROGRAMS THAT HAVE LED COASTAL CAROLINA UNIVERSITY TO BE RECOGNIZED AS ONE OF "AMERICA'S 100 BEST COLLEGE BUYS" FOR ELEVEN CONSECUTIVE YEARS. ALSO, COASTAL CAROLINA UNIVERSITY IS RANKED SIXTH IN THE BEST VALUE CATEGORY FOR SOUTHERN REGIONAL UNIVERSITIES IN THE 2021 EDITION OF THE U.S. NEWS AND WORLD REPORT "BEST COLLEGE" ANNUAL RANKINGS.


SCHOLARSHIPS - THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS MEETING VARYING CRITERIA THROUGH BOTH ENDOWMENTS AND ANNUAL CONTRIBUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher Johnson
Executive Director
$146,372
Tony K Cox
Chairman
$0
Christopher St John
Secretary/treasurer
$0
Michael F Hagg
Vice-Chairman
$0
Franklin C Blanton
Member
$0
E Lawton Benton
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,005
Fundraising events$15,757
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,355,767
Noncash contributions included in lines 1a–1f $43,261
Total Revenue from Contributions, Gifts, Grants & Similar$3,372,529
Total Program Service Revenue$0
Investment income $207,976
Tax Exempt Bond Proceeds $0
Royalties $7,568
Net Rental Income $388,510
Net Gain/Loss on Asset Sales $3,230,731
Net Income from Fundraising Events $69,821
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,277,731

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Coastal Educational Foundation Incorporated has recieved totaling $265,240.

Awarding OrganizationAmount
Gupta Family Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$200,000
Waccamaw Community Foundation Inc

Murrells Inlet, SC

PURPOSE: GRANTS TO SUPPORT MULTIPLE EDUCATIONAL PROGRAMS

$25,030
Ocean View Memorial Foundation Inc

Myrtle Beach, SC

PURPOSE: EDUCATIONAL

$15,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$6,500
New Canaan Community Foundation Inc

New Canaan, CT

PURPOSE: SCHOLARSHIP GRANT

$6,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,426
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,836,785
Earnings-$7,108,687
Net Contributions$2,151,358
Other Expense$1,463,911
Ending Balance$44,415,545

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