South Coast Foundation Inc
- Assets
- $1.6m
- Revenue
- $114.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 06/1988
- Data as of
- 12/2023
- EIN
- 77-0177830
Organization Overview
South Coast Foundation Inc is located in Sacramento, CA. The organization was established in 1988. 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. South Coast 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 12/2023, South Coast Foundation Inc generated $114.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $156.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, South Coast Foundation Inc has awarded 36 individual grants totaling $509,394. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Cook President | 8 | $38,924 | |
Eserick Watkins Secretary/tr | 2 | $10,506 | |
Jason Kramer Vice Preside | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,570 |
| Interest on Savings | $1,897 |
| Dividends & Interest | $50,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,088 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,430 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,005 |
| Interest | $0 |
| Taxes | $3,491 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $800 |
| Printing and publications | $0 |
| Other expenses | $22,420 |
| Total operating and administrative expenses | $95,714 |
| Contributions, gifts, grants paid | $61,070 |
| Total expenses and disbursements | $156,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,658 |
| Savings and temporary cash investments | $141,949 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,597,227 |
| 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 | $357 |
| Total liabilities | $357 |
Grants Awarded
Over the last fiscal year, South Coast Foundation Inc has awarded $61,070 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WOZA MOYA PROJECT PURPOSE: GENERAL SUPPORT | $43,070 |
SIYAKWAZI PURPOSE: GENERAL SUPPORT | $10,000 |
BULUNGULA INCUBATOR PURPOSE: GENERAL SUPPORT | $8,000 |