Liabilities / Assets
25th percentile
Higher debt load relative to assets than 25% of similar nonprofits.
Coastal Bend Community Foundation
990 • Fiscal year 2016 • EIN 74-2190039
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.09x
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
69th percentile
Higher net margin than 69% of similar nonprofits.
Top Officer Pay
13th percentile
Higher top officer pay than 13% of similar nonprofits.
Top officer pay equals 1.9% of source-year revenue.
Asset Growth
57th percentile
Faster asset growth than 57% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Balance Sheet
Assets
Up$73,814,492
Up $2,406,374 (+3.4%) from 2015
Net Assets
Up$67,110,824
Up $2,031,273 (+3.1%) from 2015
Liabilities
Up$6,703,668
Up $375,101 (+5.9%) from 2015
Revenue And Expenses
Revenue
Down$8,285,251
Down $8,183,464 (-50%) from 2015
Expenses
Down$7,603,112
Down $6,132,898 (-45%) from 2015
Net Income
Down$682,139
Down $2,050,566 (-75%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Jan 30, 2018
- Return Version
- 2016v3.1
- Gross Receipts
- $24,816,603
Mission and Program Overview
Mission
To enhance the quality of life in the coastal bend area of texas through charitable and educational grants.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $61,572,941 | $63,820,036 | ▲ $2,247,095 |
| Land, Buildings, and Equipment, Net | $8,789,129 | $8,885,050 | ▲ $95,921 |
| Cash and Non-Interest-Bearing Accounts | $127,052 | $364,292 | ▲ $237,240 |
| Other Notes and Loans Receivable, Net | $378,867 | $346,595 | ▼ $32,272 |
| Pledges and Grants Receivable | $300,228 | $146,875 | ▼ $153,353 |
| Prepaid Expenses and Deferred Charges | $34,941 | $48,833 | ▲ $13,892 |
| Savings and Temporary Cash Investments | $46,031 | $43,091 | ▼ $2,940 |
| Accounts Receivable | $5,429 | $6,220 | ▲ $791 |
| Total Assets | $71,408,118 | $73,814,492 | ▲ $2,406,374 |
| Other Assets Total | $153,500 | $153,500 | → $0 |
| Liabilities | |||
| Other Liabilities | $5,719,441 | $6,157,428 | ▲ $437,987 |
| Grants Payable | $602,026 | $529,195 | ▼ $72,831 |
| Accounts Payable and Accrued Expenses | $7,100 | $17,045 | ▲ $9,945 |
| Total Liabilities | $6,328,567 | $6,703,668 | ▲ $375,101 |
| Net Assets / Fund Balance | |||
| Permanently Rstr Net Assets | $35,004,602 | $35,474,571 | ▲ $469,969 |
| Temporarily Rstr Net Assets | $26,428,323 | $27,527,363 | ▲ $1,099,040 |
| Unrestricted Net Assets | $3,646,626 | $4,108,890 | ▲ $462,264 |
| Total Net Assets Fund Balance | $65,079,551 | $67,110,824 | ▲ $2,031,273 |
| Total Liabilities and Net Assets / Fund Balance | $71,408,118 | $73,814,492 | ▲ $2,406,374 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $414,542 | - | - |
| Other Land Buildings | $4,388 | $67,331 | - |
| Land | $8,396,920 | - | - |
| Leasehold Improvements | $69,200 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2016 | $45,644,121 | $563,750 | ▲ $3,278,256 | $303,672 | $47,514,058 |
| 2015 | $48,483,245 | $2,340,997 | ▼ $47,139 | $682,680 | $45,644,121 |
| 2014 | $41,378,850 | $1,752,413 | ▲ $8,138,331 | $873,116 | $48,483,245 |
| 2013 | $37,048,762 | $2,449,669 | ▲ $4,410,623 | $864,073 | $41,378,850 |
| 2012 | $32,996,111 | $1,862,390 | ▲ $3,822,250 | $277,832 | $37,048,762 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Karen W Selim | President an | FT | $145,000 | $16,482 | $161,482 |
| Karen W Selim | President and CEO | - | $145,000 | $16,482 | $161,482 |
| Beverly Harper | Director of | FT | $92,400 | $8,362 | $100,762 |
| Susan Jackson | Asst Secreta | FT | $70,000 | $13,339 | $83,339 |
Board Members and Trustees
| Name | Title |
|---|---|
| Susan Hutchinson | Chairman |
| William Bwhitworth | Vice Chairma |
| Bill Maxwell | Director |
| Bobby Galvan | Director |
| Clare Atkinson Wonders | Director |
| Hank Nuss | Director |
| Jack W Wright | Director |
| Jan Anderson | Director |
| Jennifer Vogt | Director |
| Joe Henkel | Director |
| Jon Whatley | Director |
| Jonathan M Hornblower | Director |
| KAREN O'CONNOR URBAN | Director |
| Kathleen M White | Director |
| Larry Aduddell | Director |
| Laura Miller | Director |
| Leah Pagan Olivarri | Director |
| Lou Adele May | Director |
| Mike Carrell | Director |
| Nan Linney | Director |
| Ricki Cunningham | Director |
| Robert Furgason | Director |
| Rumaldo Juarez | Director |
| Omar Leal | Secretary |
| Ralph Gomez | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $5,083,572
- Program Service Revenue
- $0
- Investment Income
- $2,454,184
- Other Revenue
- $747,495
- All Other Contributions
- $3,229,718
- Change in Net Assets
- $682,139
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- Yes
- Third parties used for noncash contributions
- Yes
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 7 | $728,278 | Stock Market Quotation |
| Total Noncash Contributions | 7 | $728,278 | - |
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $8,544,685
- Revenue Not Reported on Financial Statements
- $-259,434
- Revenue Not Reported on Form 990
- $1,349,134
- Other Revenue Adjustments
- $-259,434
- Total Revenue per Audited Statements
- $9,893,819
- Total Revenue per Form 990
- $8,285,251
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $5,929,451 |
| Other Expenses | $1,165,215 |
| Salaries, Compensation, and Employee Benefits | $508,446 |
| Total Fundraising Expense | $116,764 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $5,405,337 | - | - | $5,405,337 |
| Grants to Domestic Individuals | $427,445 | - | - | $427,445 |
| Current Officers, Directors, Trustees, and Key Employees | $88,980 | $149,670 | $68,750 | $307,400 |
| Fees for Service Investment Mgmnt Fees | $210,919 | - | - | $210,919 |
| Other Salaries and Wages | $61,800 | $43,200 | $11,000 | $116,000 |
| Foreign Grants | $96,669 | - | - | $96,669 |
| Other Employee Benefits | $19,063 | $16,229 | $6,746 | $42,038 |
| Occupancy | $15,289 | $15,289 | $4,978 | $35,556 |
| Office Expenses | $14,707 | $14,707 | $4,788 | $34,202 |
| Payroll Taxes | $10,597 | $13,921 | $5,788 | $30,306 |
| Information Technology | $12,380 | $12,380 | $4,031 | $28,791 |
| Other Expenses | $17,978 | $2,606 | $1,800 | $22,384 |
| Fees for Services Accounting | - | $17,310 | - | $17,310 |
| Pension Plan Contributions | $4,523 | $5,786 | $2,393 | $12,702 |
| Insurance | - | $10,331 | - | $10,331 |
| Conferences and Meetings | - | $6,098 | - | $6,098 |
| Advertising | - | - | $6,035 | $6,035 |
| Travel | $841 | $3,260 | $455 | $4,556 |
| Depreciation Depletion | - | $2,101 | - | $2,101 |
| Fees for Services Legal | - | $294 | - | $294 |
| Total Functional Expenses | $7,173,166 | $313,182 | $116,764 | $7,603,112 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $7,862,546 |
| Total Expenses per Audited Statements | $7,862,546 |
| Total Expenses per Form 990 | $7,603,112 |
| Expenses Not Reported on Financial Statements | $-259,434 |
| Other Expense Adjustments | $-259,434 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Nueces County Treasury | Corpus Christi, TX | Gov | Memorial Support | $565,768 |
| First United Methodist Church | Corpus Christi, TX | 501c3 | Program Support | $330,910 |
| University of Texas Foundation | Austin, TX | 501c3 | Program Support | $225,100 |
| Del Mar College Foundation Inc | Corpus Christi, TX | 501c3 | Educational Programs | $220,831 |
| Salvation Army | Corpus Christi, TX | 501c3 | Program Support | $128,710 |
| Good Samaritan Rescue Mission | Corpus Christi, TX | 501c3 | Program Support | $104,579 |
| PEEWEE'S PET ADOPTION WORLD | Corpus Christi, TX | 501c3 | Program Support | $99,041 |
| Corpus Christi Metro Ministries | Corpus Christi, TX | 501c3 | Program Support | $93,417 |
| Asbury United Methodist Church | Corpus Christi, TX | 501c3 | Program Support | $88,500 |
| Coastal Bend Food Bank | Corpus Christi, TX | 501c3 | Foster Care Support | $79,805 |
| ST JUDE'S CHILDREN'S RESEARCH HOSP | Memphis, TN | 501c3 | Various Programs | $77,715 |
| Harbor Playhouse Company | Corpus Christi, TX | 501c3 | Program Support | $75,200 |
| Corpus Christi Symphony Society I | Corpus Christi, TX | 501c3 | Musical Programs | $70,225 |
| South Texas Institute for the Arts | Corpus Christi, TX | 501c3 | Program Support | $69,142 |
| Texas State Aquarium Association | Corpus Christi, TX | 501c3 | Sealife Support | $62,780 |
| Texas A&m University-corpus Christ | Corpus Christi, TX | Gov | Educational Support | $55,837 |
| WOMEN'S & MEN'S HEALTH SERVICES | Corpus Christi, TX | 501c3 | Camper Scholarships | $55,500 |
| Corpus Christi Metro Ministries | Corpus Christi, TX | 501c3 | Shelter Support | $55,435 |
| Casa of the Coastal Bend | Corpus Christi, TX | 501c3 | Program Support | $53,927 |
| Ark Assessment Center & Emergency | Corpus Christi, TX | 501c3 | Program Support | $51,938 |
| Halo-flight Inc | Corpus Christi, TX | 501c3 | Program Support | $51,545 |
| Family Upreach Inc | Corpus Christi, TX | 501c3 | Food/education Progr | $49,410 |
| TIMON'S MINISTRIES | Corpus Christi, TX | 501c3 | Program Support | $48,416 |
| WOMEN'S SHELTER OF SOUTH TEXAS | Corpus Christi, TX | 501c3 | Program Support | $48,315 |
| Salvation Army | Corpus Christi, TX | 501c3 | Program Support | $45,690 |
| Mission of Mercy Inc | Corpus Christi, TX | 501c3 | Shelter Support | $45,599 |
| Tennis Success Inc | Corpus Christi, TX | 501c3 | Program Support | $43,574 |
| Hammons Education Leadership Progra | Corpus Christi, TX | 501c3 | Youth Programs | $42,949 |
| Odyssey After School | Corpus Christi, TX | 501c3 | Drug Recovery Progra | $42,483 |
| Alice Volunteer Services | Alice, TX | 501c3 | Program Support | $42,394 |
| Christus Spohn Health System Dev Fd | Corpus Christi, TX | 501c3 | Program Support | $42,372 |
| Aransas County Council on Aging | Rockport, TX | 501c3 | Program Support | $41,779 |
| Mission 911 | Corpus Christi, TX | 501c3 | Program Support | $41,362 |
| Palmer Drug Abuse Program Corpus Ch | Corpus Christi, TX | 501c3 | Animal Shelter Suppo | $41,057 |
| Catholic Charities of Corpus Christ | Corpus Christi, TX | 501c3 | Program Support | $40,624 |
| Beeville Vineyard Inc | Beeville, TX | 501c3 | Program Support | $40,438 |
| CHARLIE'S PLACE | Corpus Christi, TX | 501c3 | Program Support | $40,221 |
| Foster Angels of South Texas Fdn | Corpus Christi, TX | 501c3 | Shelter Support | $38,947 |
| Rockport-fulton Good Samaritans in | Rockport, TX | 501c3 | Food/shelter Support | $38,517 |
| Young Life | Corpus Christi, TX | 501c3 | Program Support | $38,000 |
| Boys & Girls Club of Corpus Christi | Corpus Christi, TX | 501c3 | Program Support | $37,742 |
| Big Brothers Big Sisters of South T | Corpus Christi, TX | 501c3 | Program Support | $37,399 |
| Corpus Christi Safeplace House Inc | Corpus Christi, TX | 501c3 | After School Tutorin | $35,205 |
| American Red Cross-coastal Bend | Corpus Christi, TX | 501c3 | Program Support | $35,008 |
| Shriners Hospitals for Children | Houston, TX | 501c3 | Program Support | $35,000 |
| Mother Teresa Shelter Inc | Corpus Christi, TX | 501c3 | Program Support | $34,596 |
| Communities in Schools Corpus Chris | Corpus Christi, TX | 501c3 | Shelter Support | $33,932 |
| Youth Odyssey Inc | Corpus Christi, TX | 501c3 | Program Support | $33,673 |
| Lead First Foundation of Corpus Chr | Corpus Christi, TX | 501c3 | Childcare Support | $33,570 |
| Ecf Community Center | Corpus Christi, TX | 501c3 | Therapy Services | $33,406 |
| Citizens Promoting Medical Excellen | Beeville, TX | 501c3 | Educational Support | $33,340 |
| Nueces County Mhmr Community Ctr | Corpus Christi, TX | 501c3 | After School Program | $33,340 |
| Spaulding for Children | Corpus Christi, TX | 501c3 | Tennis Scholarships | $32,048 |
| Corpus Christi Hope House Inc | Corpus Christi, TX | 501c3 | Food/shelter Program | $31,533 |
| Coastal Bend College Foundation | Beeville, TX | 501c3 | Educational Programs | $31,000 |
| Corpus Christi Museum of Science & | Corpus Christi, TX | 501c3 | Educational Programs | $30,000 |
| Wesley Community Center | Robstown, TX | 501c3 | Shelter Support | $29,364 |
| Mary Mcleod Bethune Day Nursery in | Corpus Christi, TX | 801c3 | Program Support | $28,580 |
| Boys & Girls Club of Alice | Alice, TX | 501c3 | Program Support | $28,467 |
| Coastal Bend Food Bank | Corpus Christi, TX | 501c3 | Hunger Support | $28,042 |
| Art Community Center of Corpus Chri | Corpus Christi, TX | 501c3 | Program Support | $28,000 |
| DRISCOLL CHILDREN'S HOSPITAL DEVELO | Corpus Christi, TX | 501c3 | Program Support | $27,250 |
| Habitat for Humanity International | Corpus Christi, TX | 501c3 | Program Support | $27,000 |
| Casa of Kleberg County | Kingsville, TX | 501c3 | Program Support | $26,403 |
| Focus Foundation | Corpus Christi, TX | 501c3 | Educational Program | $25,000 |
| Family Counseling Service | Corpus Christi, TX | 501c3 | Program Support | $23,340 |
| NUECES COUNTY CHILDREN'S ADVOCACY C | Corpus Christi, TX | 501c3 | Program Support | $23,340 |
| Ywca of Corpus Christi | Corpus Christi, TX | 501c3 | - | $22,483 |
| South Texas Public Broadcasting Sys | Corpus Christi, TX | 501c3 | Program Support | $21,000 |
| Coastal Bend Wildlife Education Pro | Corpus Christi, TX | 501c3 | Educational Programs | $18,808 |
| The Rise School of Corpus Christi I | Corpus Christi, TX | 501c3 | Program Support | $17,000 |
| Boys & Girls Club of Taft | Taft, TX | 501c3 | Program Support | $15,000 |
| CHILDREN'S HOSPITAL OF PHILADELPHIA | Philadelphia, PA | 501c3 | Program Support | $15,000 |
| Make-a-wish of Central and South Te | San Antonio, TX | 501c3 | Program Support | $15,000 |
| Unite for Her | Pocopson, PA | 501c3 | Env Studies Programs | $15,000 |
| Virginia Tech Foundation Inc | Blacksburg, VA | 501c3 | Program Support | $15,000 |
| Ywca of the Coastal Bend | Corpus Christi, TX | 501c3 | Program Support | $15,000 |
| First Presbyterian Church | Corpus Christi, TX | 501c3 | Program Support | $14,000 |
| Triumph Over Kid Cancer Foundation | Corpus Christi, TX | 501c3 | Program Support | $14,000 |
| Youth Odyssey Inc | Corpus Christi, TX | 501c3 | Program Support | $13,725 |
| Taft Blackland Museum Inc | Taft, TX | 501c3 | Museum Support | $12,500 |
| Texas Public Policy Foundation | Austin, TX | 501c3 | Program Support | $12,500 |
| Reach Ministries | Corpus Christi, TX | 501c3 | Program Support | $12,000 |
| Texas Veteran Land Board | Austin, TX | 501c3 | Program Support | $11,009 |
| Special Olympics Texas Inc | Austin, TX | 501c3 | Program Support | $10,600 |
| Cc Chamber Music Society Inc | Corpus Christi, TX | 501c3 | Program Support | $10,124 |
| ALZTHEIMER'S RESEARCH FOUNDATION | New York, NY | 501c3 | Program Support | $10,000 |
| American Cancer Society | Corpus Christi, TX | 501c3 | Program Support | $10,000 |
| Boys to Men Mentoring Network Inc | La Mesa, CA | 501c3 | Program Support | $10,000 |
| Cathedral Concert Series Inc | Corpus Christi, TX | 501c3 | Program Support | $10,000 |
| Child & Adult Resource Center | San Antonio, TX | 501c3 | Program Support | $10,000 |
| City of Taft | Taft, TX | Gov | Community Programs | $10,000 |
| Coastal Bend Council of Governments | Corpus Christi, TX | 501c3 | Caregiver Program | $10,000 |
| Congregation Beth Israel | Corpus Christi, TX | 501c3 | Program Support | $10,000 |
| Girl Scouts of Western Washington | Seattle, WA | 501c3 | Program Support | $10,000 |
| Mary Mcleod Bethune Day Nursery in | Corpus Christi, TX | 801c3 | Childcare Support | $10,000 |
| Nueces County | Corpus Christi, TX | Gov | Various Programs | $10,000 |
| Southwestern University | Georgetown, TX | 501c3 | Education Support | $10,000 |
| St Anthony Catholic Church | Corpus Christi, TX | 501c3 | Operating Support | $10,000 |
| University of Montana Foundation | Missoula, MT | 501c3 | Program Support | $10,000 |
| Ymca of Pierce and Kitsap Counties | Tacoma, WA | 501c3 | Program Support | $10,000 |
| Tennis Success Inc | Corpus Christi, TX | 501c3 | Youth Sports Support | $8,840 |
| Girl Scouts of Greater South Texas | Corpus Christi, TX | 501c3 | Program Support | $8,000 |
| ST LUKE'S UNITED METHODIST CHURCH | Corpus Christi, TX | 501c3 | Program Support | $8,000 |
| Make-a-wish Texas Gulf Coast | Stafford, TX | 501c3 | Program Support | $7,529 |
| Good Samaritan Ministries of Refugi | Refugio, TX | 501c3 | Food Pantry | $7,500 |
| Rob & Bessie Welder Wildlife Fdn | Sinton, TX | 501c3 | Environmental Educat | $7,500 |
| Society of St Vincent De Paul | Rockport, TX | 501c3 | Program Support | $7,500 |
| Texas Brigades - Bobwhite Brigade | San Antonio, TX | 501c3 | Education Programs | $7,500 |
| Tri County Christian Service Center | Aransas Pass, TX | 501c3 | Food Pantry | $7,500 |
| Texas A&m University 12th Man Fdtn | College Station, TX | 501c3 | Program Support | $7,360 |
| Connections Individual and Family S | New Braunfels, TX | 501c3 | Youth/family Counsel | $7,000 |
| WOMEN'S SHELTER OF SOUTH TEXAS | Corpus Christi, TX | 501c3 | Shelter Support | $7,000 |
| San Patricio Adult Literacy Council | Sinton, TX | 501c3 | Literacy Support | $6,500 |
| Mcmullen County Isd | Tilden, TX | Gov | Program Support | $6,250 |
| Beeville Youth in Action | Beeville, TX | 501c3 | Program Support | $6,205 |
| First United Methodist - Beeville | Beeville, TX | 501c3 | Program Support | $6,000 |
| Respite Care of San Antonio Inc | San Antonio, TX | 501c3 | Shelter Support | $6,000 |
| Samaritan Pantry | Kingsville, TX | 501c3 | Program Support | $6,000 |
| Palmer Drug Abuse Program Corpus Ch | Corpus Christi, TX | 501c3 | Program Support | $5,850 |
| Texas Wildlife Association Foundati | San Antonio, TX | 501c3 | Youth Hunting Progra | $5,500 |
International Summary
- Spending
- $7,869,950
International Compliance
- Foreign grant records maintained
- No
- Activity in boycott countries
- No
- Foreign corporation ownership
- No
- Foreign partnership interest
- No
- Interest in foreign trust
- No
- Passive foreign investment company interest
- No
- Transfers to foreign corporations
- No
International Activities
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| British Virgin Islands | Investments | - | - | - | $3,262,113 |
| North Atlantic-bermuda | Investments | - | - | - | $2,630,437 |
| Central America-caribbean | Investments | - | - | - | $1,977,400 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $156,214 |
| Fundraising Gross Income | $77,750 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Day of Giving | $1,682,116 | - | - | - |
| Harvey Weil Din | $249,488 | $77,750 | $95,144 | $-17,394 |
| Total Events | $1,931,604 | $77,750 | $156,214 | $-78,464 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Funds Held as Agency Endowments | $6,157,428 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- 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
- Yes
- Other officer compensation reviewed
- Yes
- 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, Page 6, Part VI, Line 2
“Lou adele may laura miller director director mother/daughter”
Form 990, Page 6, Part VI, Line 11B
“Draft input for the form 990 is prepared by the director of finance for review and approval by the president/ceo. That information is then provided to our tax preparer for input to the form. A draft copy of that form is then provided to staff for review. Staff then presents it to the board's executive committee for review and discussion. Upon adoption by the executive committee, it is then presented to the full board of directors for review and approval.”
Form 990, Page 6, Part VI, Line 12C
“Annually, staff provides copies of the foundation's conflict of interest policy to all board members and staff. For new board members, the policy is presented and discussed during their orientation briefing. After review, all board members sign and submit to the president a certification of compliance with the policy, noting any potential conflicts they may have, if any. During committee meetings, board members are asked to identify any potential conflicts of interest if they arise and those are dealt with by the committee chairman at that time. All staff must submit to the president a certification of compliance with the policy, noting any potential conflicts they may have, if any on an annual basis.”
Form 990, Page 6, Part VI, Line 15A
“The board chairman is annually provided with a compensation history for the president/ceo. He/she is also provided with a performance evaluation form to complete for the ceo as well as the most recent salary comparability data available from independent sources, like the council on foundations. These documents are used by the chairman to review the president/ceo's performance with the executive committee (in executive session) and to determine a compensation amount for the ceo for the upcoming budget year. If an increase in salary is suggested, it is brought before the full board of directors (in executive session) for discussion and approval.”
Form 990, Page 6, Part VI, Line 15B
“For key employees, the process is similar to the president/ceo except that the independent review official is the president/ceo. Comparable salary information provided by the council on foundations as well as performance appraisal information is used to evaluate all employees. The total salary budget line is approved by the finance committee, executive committee and the full board of directors. Thereafter the president/ceo determines any salary adjustments.”
Form 990, Page 6, Part VI, Line 19
“Governing documents, conflict of interest policy and financial statements are available to the public upon request. Financial statements are also published in the foundation's annual report, which is available online.”
Filing and Contact Details
Filer
- Filer Name
- Coastal Bend Community Foundation
- EIN
- 74-2190039
- Phone
- 3618829745
- Address
- 615 N UPPER BROADWAY NO 1950, CORPUS CHRISTI, TX 78401-0720
Signing Officer
- Name
- Karen W Selim
- Title
- President and CEO
- Phone
- 3618829745
- Signed
- 2018-01-30
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Karen W Selim
- Formed
- 1980
- Legal Domicile
- TX
- Voting Board Members
- 25
- Independent Board Members
- 24
- Employees
- 5
Preparer
- Firm
- Gowland Strealy Morales & Company Pllc
- Address
- 5934 SOUTH STAPLES SUITE 201, CORPUS CHRISTI, TX 78413
- Preparer
- David J Morales
- Phone
- 3619931000
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9
“Expenses netted against revenue 259,434 expenses netted with revenues -259,434”
Financial Statement Notes
Schedule D, Page 3, Part X
“Financial accounting standards board (fasb) interpretation 48, accounting for the uncertainty in income taxes (fasb) accounting standards codification (asc) 740 requires the foundation to disclose its policy for evaluating uncertain tax positions. The foundation evaluates its uncertain tax positions using the provisions of asc 450, contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management's judgment with respect to the likely outcome of each uncertain tax position. Management has evaluated all tax positions taken by the foundation and has not recognized any liability as of the date of the financial statements. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. With few exceptions, the foundation is no longer subject to examinations by the u.s. Federal, state or local tax authorities for years before 2011, which is the standard statute of limitations look-back period.”
Schedule D, Page 4, Part XI, Line 4B
“Expenses netted against revenue -259,434”
Schedule D, Page 4, Part XII, Line 4B
“Expenses netted with revenues -259,434”
Raw XML AppendixShowing 400 of 1,859 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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| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 17800646 |
| IRS990/GrossReceiptsAmt | 0 | 24816603 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 111281 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 24 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 4031 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 12380 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 12380 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 28791 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 10331 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 10331 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 941114 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 962468 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 21354 |
| IRS990/InvestmentInJointVentureInd | 0 | true |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 61572941 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 63820036 |
| IRS990/IRPDocumentCnt | 0 | 9 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 67331 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 8789129 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 8885050 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 8952381 |
| IRS990/LegalDomicileStateCd | 0 | TX |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 16308930 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 66208 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO ENHANCE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS THROUGH CHARITABLE AND EDUCATIONAL GRANTS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | true |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 65079551 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 67110824 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 1491716 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 1491716 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -78464 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -78464 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 45073 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 45073 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 20354 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 1349134 |
| IRS990/NoncashContributionsAmt | 0 | 728278 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 4978 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 15289 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 15289 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 35556 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 4788 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 14707 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 14707 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 34202 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 153500 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 153500 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 6746 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 16229 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 19063 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 42038 |
| IRS990/OtherExpensesGrp/Desc | 0 | ADMINISTRATIVE FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | EDUCATIONAL PROJECTS |
| IRS990/OtherExpensesGrp/Desc | 2 | OTHER EXPENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 1800 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2606 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 701364 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 85274 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 17978 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 701364 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 85274 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 22384 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 5719441 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 6157428 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | ADMINISTRATIVE FEE INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 672957 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 672957 |
| IRS990/OtherRevenueTotalAmt | 0 | 672957 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $73,814,492
- Liabilities
- $6,703,668
- Net assets
- $67,110,824
- Revenue
- $8,285,251
- Expenses
- $7,603,112
- Net income
- $682,139