Civic Intelligence

Coastal Emc Foundation Inc.

990 • Fiscal year 2020 • EIN 58-2076664

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 12, 2021

Organization ProfileSEE SCHEDULE O
PO Box 109Midway, GA 31320

(912) 884-3311

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

83rd percentile

37%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

79th percentile

48%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

254%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$397,564

Up $129,206 (+48%) from 2019

Net Assets

Up

$397,564

Up $129,206 (+48%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin83rd percentile

Revenue

Up

$344,966

Up $247,590 (+254%) from 2019

Expenses

Up

$215,760

Up $78,174 (+57%) from 2019

Net Income

Up

$129,206

Up $169,416 (+421%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $149,230Liabilities 2011: $02011Assets 2012: $174,592Liabilities 2012: $02012Assets 2013: $187,828Liabilities 2013: $02013Assets 2014: $163,317Liabilities 2014: $02014Assets 2015: $135,942Liabilities 2015: $02015Assets 2016: $260,334Liabilities 2016: $0Net Assets 2016: $260,3342016Assets 2017: $301,148Liabilities 2017: $0Net Assets 2017: $301,1482017Assets 2018: $308,568Liabilities 2018: $0Net Assets 2018: $308,5682018Assets 2019: $268,358Liabilities 2019: $0Net Assets 2019: $268,3582019Assets 2020: $397,564Liabilities 2020: $0Net Assets 2020: $397,5642020Assets 2021: $482,554Liabilities 2021: $0Net Assets 2021: $482,5542021Assets 2022: $522,950Liabilities 2022: $0Net Assets 2022: $522,9502022Assets 2023: $586,584Liabilities 2023: $0Net Assets 2023: $586,5842023Assets 2024: $331,204Liabilities 2024: $0Net Assets 2024: $331,2042024

Highlighted filing

2020

Assets$397,564
Liabilities$0
Net Assets$397,564
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2011: $134,863Expenses 2011: $68,877Net Income 2011: $65,9862011Revenue 2012: $79,427Expenses 2012: $54,065Net Income 2012: $25,3622012Revenue 2013: $81,486Expenses 2013: $68,250Net Income 2013: $13,2362013Revenue 2014: $89,600Expenses 2014: $114,111Net Income 2014: -$24,5112014Revenue 2015: $84,021Expenses 2015: $111,396Net Income 2015: -$27,3752015Revenue 2016: $213,680Expenses 2016: $89,288Net Income 2016: $124,3922016Revenue 2017: $184,850Expenses 2017: $144,036Net Income 2017: $40,8142017Revenue 2018: $93,990Expenses 2018: $86,570Net Income 2018: $7,4202018Revenue 2019: $97,376Expenses 2019: $137,586Net Income 2019: -$40,2102019Revenue 2020: $344,966Expenses 2020: $215,760Net Income 2020: $129,2062020Revenue 2021: $322,998Expenses 2021: $238,008Net Income 2021: $84,9902021Revenue 2022: $405,433Expenses 2022: $365,037Net Income 2022: $40,3962022Revenue 2023: $385,979Expenses 2023: $322,345Net Income 2023: $63,6342023Revenue 2024: $130,223Expenses 2024: $385,603Net Income 2024: -$255,3802024

Highlighted filing

2020

Revenue$344,966
Expenses$215,760
Net Income$129,206
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 12, 2021
Return Version
2020v4.0
Gross Receipts
$344,966
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$131,661$259,144▲ $127,483
Savings and Temporary Cash Investments$130,436$131,713▲ $1,277
Accounts Receivable$6,261$6,692▲ $431
Total Assets$268,358$397,564▲ $129,206
Other Assets Total-$15-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$248,358$377,564▲ $129,206
Net Assets With Donor Restrictions$20,000$20,000→ $0
Total Net Assets Fund Balance$268,358$397,564▲ $129,206
Total Liabilities and Net Assets / Fund Balance$268,358$397,564▲ $129,206
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Barbara SmithChairman
Lynne StevensVice Chairma
Constance RigginsDirector
Donna PopourDirector
Eric GrissinoDirector
Steve HibbertDirector
Thomas WallaceDirector
Jerry AdkinsSecretary
Runette ParkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,676
Program Service Revenue
$0
Investment Income
$1,290
Other Revenue
$0
All Other Contributions
$343,676
Change in Net Assets
$129,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$344,966
Revenue Not Reported on Form 990
$5,792
Total Revenue per Audited Statements
$350,758
Total Revenue per Form 990
$344,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$215,750
Other Expenses$10
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$164,250--$164,250
Grants to Domestic Orgs$51,500--$51,500
Fees for Services Other$10--$10
Total Functional Expenses$215,760$0$0$215,760

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$221,552
Expenses per Audited Statements$215,760
Total Expenses per Form 990$215,760
Expenses Not Reported on Form 990$5,792
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Coastal emc employees perform substantially all of the day to day activities of the foundation. Coastal emc employees follow the policies set for by coastal emc including but not limited to: (1) whistleblower pocliy; (2) document retention policy; and (3) conflicts of interest policies. Directors are not compensated for their efforts. As a result, no compensation policies have been adopted by the foundation. The board meets six times each year to review grant applications from individuals and organizations. The board will consider grants seeking assistance for the basic categories of food, health, shelter, safety, and education. Grants are not awarded to pay electric bills or to meet recurring living or medical expenses.”

Form 990, Page 6, Part VI, Line 7A

“When board seat vacancies are to be filled or when terms expire, persons shall be named to their respective vacancies on the said board of directors by a vote of the board of directors of coastal electric membership corporation. The existing board of directors of the foundation may make recommendations to the board of directors of coastal electric membership corporation for nominees for the foundation board.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board with all supporting documentation made available to them.”

Form 990, Page 6, Part VI, Line 12C

“The foundation enforces disclosure of conflicts of interest through adherence to article xvii of its bylaws, which are included a part of this return.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes its bylaws and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c, line 18.”

Filing and Contact Details

Filer

Filer Name
Coastal Emc Foundation Inc
EIN
58-2076664
Phone
9128843311
Address
PO BOX 109, MIDWAY, GA 31320
Doing Business As
Attn Cindy Chambless

Signing Officer

Name
Chris Fettes
Title
CEO-coastal Emc
Phone
9128843311
Signed
2021-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Smith
Formed
1993
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
William R Rountree
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990

“Website: http://www.coastalemc.com/foundation”

Financial Statement Notes

Schedule D, Page 4, Part XIII

“The foundation receives in-kind donations of labor and related expenses from coastal electric membership corporation (coastal emc), an affiliate of the foundation. These contributed serivces from coastal emc totaled 5,792 and 5,667 for the year ended december 31, 2020 and 2019, respectively. These contributed services are not included in income or expenses for purposes of the form 990, as the form does not recognize asc 958.”

Raw XML Appendix350 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES IN-KIND DONATIONS OF LABOR AND RELATED EXPENSES FROM COASTAL ELECTRIC MEMBERSHIP CORPORATION (COASTAL EMC), AN AFFILIATE OF THE FOUNDATION. THESE CONTRIBUTED SERIVCES FROM COASTAL EMC TOTALED 5,792 AND 5,667 FOR THE YEAR ENDED DECEMBER 31, 2020 AND 2019, RESPECTIVELY. THESE CONTRIBUTED SERVICES ARE NOT INCLUDED IN INCOME OR EXPENSES FOR PURPOSES OF THE FORM 990, AS THE FORM DOES NOT RECOGNIZE ASC 958.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalExpensesPerForm990Amt0215760
IRS990ScheduleD/TotalRevenuePerForm990Amt0344966
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0350758
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0221552
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt034556
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt170000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt229694
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt330000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0INDIVIDUAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2BRIGHT IDEAS GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3WASHINGTON YOUTH TOUR
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WASHINGTON YOUTH TOUR: HTTPS://COASTALELECTRICCOOPERATIVE.COM/WASHINGTON- YOUTH-TOUR/ BRIGHT IDEAS: HTTPS://COASTALELECTRICCOOPERATIVE.COM/BRIGHT-IDEAS/ SCHOLARSHIPS: HTTPS://COASTALELECTRICCOOPERATIVE.COM/SCHOLARSHIPS/
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WEBSITE: HTTP://WWW.COASTALEMC.COM/FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COASTAL EMC EMPLOYEES PERFORM SUBSTANTIALLY ALL OF THE DAY TO DAY ACTIVITIES OF THE FOUNDATION. COASTAL EMC EMPLOYEES FOLLOW THE POLICIES SET FOR BY COASTAL EMC INCLUDING BUT NOT LIMITED TO: (1) WHISTLEBLOWER POCLIY; (2) DOCUMENT RETENTION POLICY; AND (3) CONFLICTS OF INTEREST POLICIES. DIRECTORS ARE NOT COMPENSATED FOR THEIR EFFORTS. AS A RESULT, NO COMPENSATION POLICIES HAVE BEEN ADOPTED BY THE FOUNDATION. THE BOARD MEETS SIX TIMES EACH YEAR TO REVIEW GRANT APPLICATIONS FROM INDIVIDUALS AND ORGANIZATIONS. THE BOARD WILL CONSIDER GRANTS SEEKING ASSISTANCE FOR THE BASIC CATEGORIES OF FOOD, HEALTH, SHELTER, SAFETY, AND EDUCATION. GRANTS ARE NOT AWARDED TO PAY ELECTRIC BILLS OR TO MEET RECURRING LIVING OR MEDICAL EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHEN BOARD SEAT VACANCIES ARE TO BE FILLED OR WHEN TERMS EXPIRE, PERSONS SHALL BE NAMED TO THEIR RESPECTIVE VACANCIES ON THE SAID BOARD OF DIRECTORS BY A VOTE OF THE BOARD OF DIRECTORS OF COASTAL ELECTRIC MEMBERSHIP CORPORATION. THE EXISTING BOARD OF DIRECTORS OF THE FOUNDATION MAY MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS OF COASTAL ELECTRIC MEMBERSHIP CORPORATION FOR NOMINEES FOR THE FOUNDATION BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION ENFORCES DISCLOSURE OF CONFLICTS OF INTEREST THROUGH ADHERENCE TO ARTICLE XVII OF ITS BYLAWS, WHICH ARE INCLUDED A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION MAKES ITS BYLAWS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C, LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt0343676
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215760
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215760
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0397564
IRS990/TotalOtherProgSrvcExpenseAmt010
IRS990/TotalProgramServiceExpensesAmt0215760
IRS990/TotalRevenueGrp/ExclusionAmt01290
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344966
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0268358
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0397564
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 109
IRS990/USAddress/CityNm0MIDWAY
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031320
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0SEE SCHEDULE O
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS FETTES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO-COASTAL EMC
ReturnHeader/BusinessOfficerGrp/PhoneNum09128843311
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COASTAL EMC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0COAS
ReturnHeader/Filer/EIN0582076664
ReturnHeader/Filer/PhoneNum09128843311
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581094351
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX ONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MACON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0312020001
ReturnHeader/PreparerPersonGrp/PhoneNum04787466277
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R ROUNTREE
ReturnHeader/ReturnTs02021-03-31T10:46:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTOPHER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FETTES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$397,564
Liabilities
$0
Net assets
$397,564
Revenue
$344,966
Expenses
$215,760
Net income
$129,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$1.30$3.86$2.55
2023Detailed filing. Detailed filing data is available for this year.$5.87$0.00$5.87$3.86$3.22$0.64
2022Detailed filing. Detailed filing data is available for this year.$5.23$0.00$5.23$4.05$3.65$0.40
2021Detailed filing. Detailed filing data is available for this year.$4.83$0.00$4.83$3.23$2.38$0.85
2020Detailed filing. Detailed filing data is available for this year.$3.98$0.00$3.98$3.45$2.16$1.29
2019Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$0.97$1.38$0.40
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.94$0.87$0.07
2017Summary only. Only limited summary data is available for this year.$3.01$0.00$3.01$1.85$1.44$0.41
2016Summary only. Only limited summary data is available for this year.$2.60$0.00$2.60$2.14$0.89$1.24
2015Summary only. Only limited summary data is available for this year.$1.36$0.00$0.84$1.11$0.27
2014Summary only. Only limited summary data is available for this year.$1.63$0.00$0.90$1.14$0.25
2013Summary only. Only limited summary data is available for this year.$1.88$0.00$0.81$0.68$0.13
2012Summary only. Only limited summary data is available for this year.$1.75$0.00$0.79$0.54$0.25
2011Summary only. Only limited summary data is available for this year.$1.49$0.00$1.35$0.69$0.66
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits