Coastal Emc Foundation Inc
- Assets
- $523.0k
- Revenue
- $405.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Midway, GA
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 58-2076664
Organization Overview
Coastal Emc Foundation Inc, operating under the name Attn Emily Cannon, is located in Midway, GA. The organization was established in 2004. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Attn Emily Cannon 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 12/2022, Attn Emily Cannon generated $405.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $365.0k during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO ASSIST WITH THE FOOD, HEALTH, SAFETY, EDUCATION AND SHELTER NEEDS OF CITIZENS IN COUNTIES SERVED BY COASTAL ELECTRIC COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO ASSIST WITH THE FOOD, HEALTH, SAFETY, EDUCATION AND SHELTER NEEDS OF CITIZENS IN COUNTIES SERVED BY COASTAL ELECTRIC COOPERATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Adkins Chairman | OfficerTrustee | 1 | $0 |
Runette Parker Director | OfficerTrustee | 1 | $0 |
Lynne Stevens Vice Chairma | OfficerTrustee | 1 | $0 |
Steve Hibberts Director | Trustee | 0.5 | $0 |
Timothy Beaty Director | Trustee | 0.5 | $0 |
Jack Standard Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,327 |
| Total Program Service Revenue | $0 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,969 |
| Grants and other assistance to domestic individuals. | $196,068 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $365,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,070 |
| Savings and temporary cash investments | $132,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,610 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12 |
| Total assets | $522,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $502,950 |
| Net assets with donor restrictions | $20,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $522,950 |
Grants Awarded
Over the last fiscal year, Coastal Emc Foundation Inc has awarded $137,969 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL BRYAN TREE FOUNDATION PURPOSE: COMMUNITY ASSISTANCE | $25,000 |
Richmond Hill, GA PURPOSE: COMMUNITY ASSISTANCE | $25,000 |
Brunswick, GA PURPOSE: COMMUNITY ASSISTANCE | $25,000 |
Jesup, GA PURPOSE: COMMUNITY ASSISTANCE | $20,000 |
Allenhurst, GA PURPOSE: COMMUNITY ASSISTANCE | $20,000 |
Richmond Hill, GA PURPOSE: COMMUNITY ASSISTANCE | $13,969 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Coastal Emc Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Hoke Smith Youmans Trust Uw Richmond Hill, GA PURPOSE: GENERAL OPERATING FUND FOR USE BY CHARITY | $20,000 |
Hoke Smith Youmans Trust Uw Richmond Hill, GA PURPOSE: GENERAL OPERATING FUND FOR USE BY CHARITY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
Childrens Healthcare Charity Inc Palm Beach Gardens, FL | $5,074,981 | $9,745,793 |
Don And Angie Seta Foundation Boca Raton, FL | $0 | $7,457,065 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
National Cancer Assistance Foundation Inc Daytona Beach, FL | $587,584 | $4,501,111 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Frances P Bunnelle Foundation Pawleys Island, SC | $50,346,506 | $4,044,110 |
The Ironman Foundation Inc Tampa, FL | $9,463,048 | $2,918,187 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Norcross Foundation Inc Jacksonville, FL | $12,948,336 | $5,280,220 |