Coastal Education And Research Foundation Inc
- Assets
- $1.3m
- Revenue
- $276.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 06/2023
- EIN
- 59-2302170
Organization Overview
Coastal Education And Research Foundation Inc is located in Charlotte, NC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Education And Research Foundation Inc 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 06/2023, Coastal Education And Research Foundation Inc generated $276.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $622.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROTECT OCEAN AND SHORELINE RESOURCES WORLDWIDE. MOST SIGNIFICANT ACTIVITIES INCLUDE SCIENTIFC RESEARCH AND PUBLISHING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING EDUCATIONAL AND SCIENTIFIC RESEARCH (LARGEST PROGRAM SERVICE): THIS PROGRAM SERVICE OBJECTIVE IS TO PRINT, PUBLISH, AND DISSEMINATE THE LATEST COASTAL RESEARCH INFORMATION WORLDWIDE IN THE FORM OF OUR ORGANIZATION'S INTERNATIONAL JOURNAL, THE JOURNAL OF COASTAL RESEARCH. WE ESTIMATE THAT WE SERVE HUNDREDS OF AUTHORS 365 DAYS OUT OF THE YEAR THROUGH THE ONGOING PROCESSING OF THEIR COASTAL RESEARCH FOR PRINTING, BINDING, AND RELATED PUBLISHING SERVICES. THIS INFORMATION IS ESTIMATED FOR THIS TIME PERIOD AND FOR LONGER-TERM GOALS. THE PROGRAM SERVICE ACCOMPLISHMENT FOR THIS TIME PERIOD HAS BEEN SIX (6) REGULAR ISSUES AND VARIOUS SPECIAL ISSUES OF THE JOURNAL OF COASTAL RESEARCH.
TO DISSEMINATE INFORMATION ON COASTAL ISSUES THROUGH SCIENTIFIC PAPERS, BOOK AND ENCYCLOPEDIA SERIES, AND THE WEB. CERF DISSEMINATES INFORMATION IN AN EFFORT TO MAINTAIN OR IMPROVE THE QUALITY OF SHORELINE RESOURCES.
PROFESSIONAL EDITORIAL SERVICES (SECOND LARGEST PROGRAM SERVICE): THIS PROGRAM SERVICE OBJECTIVE IS TO REVIEW AND PROCESS THE LATEST COASTAL RESEARCH STUDIES THAT HAVE BEEN SUBMITTED TO OUR ORGANIZATION'S INTERNATIONAL JOURNAL, THE JOURNAL OF COASTAL RESEARCH, AS WELL AS PRODUCE OUR MONTHLY SOCIETY ORGANIZATION NEWSLETTER (JUST CERFING). WE ESTIMATE THAT WE SERVE HUNDREDS OF AUTHORS 365 DAYS OUT OF THE YEAR THROUGH THE ONGOING REVIEW OF THEIR COASTAL RESEARCH TO MAINTAIN THE QUALITY AND INTEGRITY OF OUR PUBLICATION. THE PROGRAM SERVICE ACCOMPLISHMENT FOR THIS TIME PERIOD HAS BEEN THE REVIEW AND PREPARATION OF OVER A HUNDRED SCIENTIFIC PAPERS AND THE CREATION OF BIMONTHLY SOCIETY ORGANIZATION NEWSLETTERS. THIS INFORMATION IS ESTIMATED FOR THIS TIME PERIOD AND FOR LONGER-TERM GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Finkl Jr President | OfficerTrustee | 20 | $0 |
Christopher Makowski Sr. Vice-Pre | OfficerTrustee | 40 | $240,000 |
Barbara Russell Ex Assistant | OfficerTrustee | 20 | $16,201 |
Heather M Vollmer Secretary/tr | OfficerTrustee | 1 | $0 |
James R Houston Director | Trustee | 1 | $0 |
Charles Lemckert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $253,089 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,089 |
| Total Program Service Revenue | $8,611 |
| Investment income | $20,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,201 |
| 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 | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,172 |
| Advertising and promotion | $0 |
| Office expenses | $821 |
| Information technology | $1,427 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,827 |
| Total functional expenses | $622,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $720,599 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,271,950 |
| 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 | $27,856 |
| Total liabilities | $27,856 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,244,094 |
| Total liabilities and net assets/fund balances | $1,271,950 |