Coastal Bend Community Foundation

Organization Overview

Coastal Bend Community Foundation is located in Corpus Christi, TX. The organization was established in 1981. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Coastal Bend Community Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Bend Community Foundation 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 12/2020, Coastal Bend Community Foundation generated $10.8m 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 (6.8%) each year. All expenses for the organization totaled $11.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Coastal Bend Community Foundation has awarded 1,179 individual grants totaling $57,732,255. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS THROUGH CHARITABLE AND EDUCATIONAL GRANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS TO IMPROVE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS FROM UNRESTRICTED, FIELD-OF-INTEREST, DESIGNATED, SPECIAL PROJECT AND DONOR ADVISED FUNDS.


THE FOUNDATION PROVIDES SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS IN ACCORDANCE WITH THE TERMS OF THE APPROXIMATE 100 SCHOLARSHIP AND FELLOWSHIP FUNDS.


ON NOVEMBER 9, 2021 THE FOUNDATION HAD A ONE 24 HOUR PERIOD OF ONLINE GIVING OF DONATIONS CALLED THE "COASTAL BEND DAY OF GIVING", WHERE DONORS MATCHED THE FIRST 1.2 MILLION COLLECTED FOR 56 NONPROFITS IN THE COASTAL BEND SERVICE AREA. THE TOTAL AMOUNT GRANTED TO THE 56 NONPROFITS WAS 3,545,162 WHICH PROVIDED ASSISTANCE TO OVER 115,600 COASTAL BEND RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen W Selim
President An
$178,500
Alyssa Monette
Director Of
$94,600
Tracy Ramirez
Director Of
$75,300
Jennifer Vogt
Chair
$0
Ricki Cunningham
Vice Chair
$0
Mike Carrell
Past Chair
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$8,365,980
Investment income $1,012,890
Tax Exempt Bond Proceeds $0
Royalties $152,736
Net Rental Income $28,985
Net Gain/Loss on Asset Sales $350,907
Net Income from Fundraising Events -$15,642
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,804,915

Grants Awarded

Over the last fiscal year, Coastal Bend Community Foundation has awarded $6,857,280 in support to 140 organizations.

Grant RecipientAmount

COASTAL BEND DISASTER RECOVERY GROU

Org PageRecipient Profile

Sinton, TX

PURPOSE: PROGRAM SUPPORT

$625,824

UNIVERSITY OF TEXAS FOUNDATION

Org PageRecipient Profile

Austin, TX

PURPOSE: PROGRAM SUPPORT

$499,930

COASTAL BEND FOOD BANK

Org PageRecipient Profile

Corpus Christi, TX

PURPOSE: HUNGER SUPPORT

$189,811

DEL MAR COLLEGE FOUNDATION INC

Org PageRecipient Profile

Corpus Christi, TX

PURPOSE: EDUCATIONAL PROGRAMS

$181,200

COASTAL BEND FOOD BANK

Org PageRecipient Profile

Corpus Christi, TX

PURPOSE: FOOD/EDUCATION PROGR

$160,148

Atlanta, GA

PURPOSE: FOOD/SHELTER SUPPORT

$146,050
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Coastal Bend Community Foundation has recieved totaling $353,293.

Awarding OrganizationAmount
Methodist Healthcare Ministries Of South Texas Inc

San Antonio, TX

PURPOSE: Winter Storm Relief

$100,000
Laverne And Thomas Howell Foundation

Corpus Christi, TX

PURPOSE: COASTAL BEND DAY OF GIVING

$50,000
The@margaret Sue Rust Foundation

Rockport, TX

PURPOSE: OPERATIONS

$40,000
Dr And Mrs Hugh A Kennedy Foundation

Corpus Christi, TX

PURPOSE: DAY OF GIVING

$25,000
The Morris L Lichtenstein Jr Medical Research Foundation

Corpus Christi, TX

PURPOSE: MATCHING GRANT

$25,000
Earl C Sams Foundation Inc

Corpus Christi, TX

PURPOSE: 2020 DAY OF GIVING AND MAYOR'S DISASTER RECOVERY FUND

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$76,273,624
Earnings$13,406,835
Admin Expense$915,356
Net Contributions$2,779,903
Other Expense-$915,356
Grants$1,312,856
Ending Balance$91,147,506

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