Coastal Bend Foundation Inc
- Assets
- $1.8m
- Revenue
- $66.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Aransas Pass, TX
- Founding
- 05/1981
- Data as of
- 12/2022
- EIN
- 74-2129257
Organization Overview
Coastal Bend Foundation Inc is located in Aransas Pass, TX. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Coastal Bend 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 12/2022, Coastal Bend Foundation Inc generated $66.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $167.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Coastal Bend Foundation Inc has awarded 55 individual grants totaling $567,224. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Crabtree Director | 1 | $0 | |
Jay Attaway Director | 1 | $0 | |
David Hutchins Secretary Treasurer | 2 | $0 | |
Isabella Menendez Director | 1 | $0 | |
Arnold Govella President | 2 | $0 | |
Wayne Bennett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $43,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,531 |
| Capital Gain Net Income | $22,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,000 |
| Pension plans, employee benefits | $1,148 |
| Interest | $0 |
| Taxes | $9,631 |
| Depreciation | $0 |
| Occupancy | $10,504 |
| Travel, conferences, and meetings | $711 |
| Printing and publications | $0 |
| Other expenses | $22,852 |
| Total operating and administrative expenses | $61,446 |
| Contributions, gifts, grants paid | $105,800 |
| Total expenses and disbursements | $167,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,804 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,766,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Coastal Bend Foundation Inc has awarded $105,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARANSAS COUNTY ISD PURPOSE: PROJECT GRADUATION | $3,500 |
INGLESIDE ISD PURPOSE: PROJECT GRADUATION | $3,500 |
ARANSAS PASS ISD PURPOSE: PROJECT GRADUATION | $3,500 |
ARANSAS PASS ISD PURPOSE: SCHOLARSHIPS | $62,800 |
INGLESIDE UNITED METHODIST CHURCH PURPOSE: FEEDING THE HUNGRY PROGRAM | $2,500 |
HALO FLIGHT INC PURPOSE: OPERATIONS | $15,000 |