Coastal Bend Community Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Coastal Bend Community Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Foundation's Mission is to improve the quality of life in the Coastal Bend by building community endowment and addressing social, educational, environmental and cultural needs through the awarding of grants and scholarships.
Year, State Incorporated:
1981, TX
The Foundation was established in 1981 as a project of the Corpus Christi
Chamber of Commerce with a donation of $150,000 from the Paul and
Mary Haas Foundation. Through additional donations and a history of
stewardship, these assets have grown to over $91 million as of December
31, 2019. The Foundation has given over $126 million in grants to
charitable organizations and scholarships to students since it was
founded. The Foundation serves Aransas, Bee, Jim Wells, Kleberg, Nueces,
Refugio, and San Patricio counties.
For the year ended December 31, 2019, Coastal Bend Community Foundation's program expenses were:
| Program Services | $11,336,609 |
| Total Program Expenses | $11,336,609 |
Chief Executive
Karen Selim, President/CEO
Compensation*
$0
Chair of the Board
Mrs. Tracy Ramirez, Operations/Coastal Bend Day of Giving Director
Chair's Profession / Business Affiliation
Board Size
25
Paid Staff Size
5
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Radio, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Coastal Bend Community Foundation's IRS Form 990 for the year ended December 31, 2019.
Source of Funds
| Contributions, Gifts and Grants | $10,853,090 |
| Other Revenue | $2,832,642 |
| Miscellaneous Revenue | $684,076 |
| Total Income | $14,369,808 |
Programs: 84% Fundraising: 1% Administrative: 3%
| Total Income | $14,369,808 |
| Total expenses: | $13,475,240 |
| Program expenses | $11,336,609 |
| Fundraising expenses | $121,877 |
| Administrative expenses | $403,948 |
| Other expenses | $1,612,806 |
| Income in Excess of Expenses | $894,568 |
| Beginning Net Assets | $70,207,424 |
| Other Changes In Net Assets | $20,222,413 |
| Ending Net Assets | $92,937,211 |
| Total Liabilities | $8,575,280 |
| Total Assets | $101,512,491 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Serving the Heart of Texas