Overview
What is Coastal Community Foundation?
The Coastal Community Foundation, based in Charleston, South Carolina, acts as a leading philanthropic organization in the Southeast, boasting the title of the largest community foundation in South Carolina. With a mission to create communities rich in equity, opportunity, and well-being, the Foundation brings together people and invests resources to help community members achieve their goals. It serves nine coastal counties, including Beaufort, Berkeley, Charleston, Colleton, Dorchester, Georgetown, Hampton, Horry, and Jasper. The organization manages over 800 individual funds, each established with a specific purpose for grant distribution. Their work is carried out through development and stewardship, ensuring a consultative partnership with donors, and grantmaking and community leadership, enabling impactful programs and services for the betterment of local communities. The Foundation employs a team of 61 individuals dedicated to their cause.
Official website here: www.coastalcommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Coastal Community Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting a perfect score of 100% in the Accountability & Finance category. This rating signifies the organization's strong commitment to transparency and ethical management of its resources, making it a trustworthy choice for donors.
The foundation demonstrates exceptional governance, with a fully independent board comprising 18 members and robust policies in place to prevent conflicts of interest and ensure financial integrity. Its financial health is evidenced by an impressive program expense ratio of 81.09%, indicating that a significant portion of its funds directly supports its mission. Additionally, the foundation maintains a low fundraising efficiency cost, with only $0.02 spent to raise each dollar.
While the organization excels in various areas, it is important for potential donors to continually assess how effectively the foundation leverages its resources to meet community needs. Nonetheless, its high level of accountability and transparency positions it as a strong candidate for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Coastal Community Foundation legitimate?
Coastal Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coastal Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $676,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,482,716
For more financial information, click here
Official website here: www.coastalcommunityfoundation.org
What is the mission statement of Coastal Community Foundation?
The Coastal Community Foundation aims to build thriving communities by bringing together individuals and allocating resources. Their mission is to help create vibrant communities by uniting people and investing in resources. The foundation supports a range of causes, each with specific grant-making purposes defined by the donors. The organization's efforts are directed towards development, stewardship, grantmaking, and community leadership.
Official website here: www.coastalcommunityfoundation.org
Who is the CEO of Coastal Community Foundation?
Darrin Goss is the CEO of Coastal Community Foundation The CEO's salary of Coastal Community Foundation is $292,988 and their total compensation is $331,501.
Official website here: www.coastalcommunityfoundation.org
What is the revenue of Coastal Community Foundation?
Coastal Community Foundation's revenue in 2023 was $58,989,034.
Official website here: www.coastalcommunityfoundation.org
Who are the executives of Coastal Community Foundation and what are their salaries?
The average compensation at Coastal Community Foundation during 2023 was $70,196. There are 45 employees and 106 volunteers at Coastal Community Foundation.
Here are 30 key members and their salaries (Coastal Community Foundation's CEO's salary is $292,988 and their total compensation is $331,501):
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- Compensation: $292,988
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- Other: $38,513
- Compensation: $188,073
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- Compensation: $205,340
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- Compensation: $137,879
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- Compensation: $115,536
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- Compensation: $114,260
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- Other: $35,653
- Compensation: $104,682
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- Other: $36,563
Official website here: www.coastalcommunityfoundation.org
Where can I find the form 990 for Coastal Community Foundation?
Coastal Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coastalcommunityfoundation.org
Learn more at the official website: www.coastalcommunityfoundation.org
Mission Statement of Coastal Community Foundation
Coastal Community Foundation, a prominent nonprofit organization, strives to build thriving communities by connecting people and investing resources. Its ultimate goal is to create environments rich in equity, opportunity, and well-being, enabling all community members to reach their potential.
The Foundation's mission is multifaceted. It officially serves nine coastal counties, uniting individuals and allocating resources to foster vibrant neighborhoods. With over 800 individual funds, each fund is established with a designated purpose, either general or specific, for grant making. Coastal Community Foundation's impact is felt through its Development & Stewardship and Grantmaking & Community Leadership efforts.
Coastal Community Foundation actively bridges the gap between people and resources, working towards the betterment of its communities. By pooling together various funds, it ensures that grants are made in alignment with the unique needs and aspirations of the areas it serves. The organization's dedication extends beyond monetary contributions, as it also dedicates itself to fostering connections and facilitating collaborations between community members. With its mission at heart, Coastal Community Foundation continues to make a significant difference in the lives of countless individuals, empowering them to create their own pathways to success.
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Impact
October, 2024
Coastal Community Foundation plays a pivotal role in fostering equity, opportunity, and well-being across nine coastal counties in South Carolina. By uniting community members and investing in vital resources, it ensures that individuals have the pathways needed to achieve their aspirations.
With a strong focus on development and stewardship, the foundation has established itself as a philanthropic leader in the Southeast. It manages over 800 individual funds, tailored to support both general and specific community needs. This structured approach allows for impactful programs and services that address critical issues and bolster essential initiatives for long-term community health.
The foundation’s consultative partnership with donors transforms their visionary ideas into meaningful outcomes, driving community progress and enhancing the quality of life for residents. Through strategic grantmaking and community leadership, Coastal Community Foundation continues to make significant strides in creating vibrant, resilient communities.
This information is meant to be a general summary of Coastal Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $9,705,370
- Program Service Revenue: $4,371,414
- Gross Receipts: $122,775,680
Assets and Liabilities:
- Total Assets: $328,018,466
- Total Liabilities: $4,388,090
- Net Assets: $323,630,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$4,047,390
EARNED SERVICES FEES
Revenue
$324,024
Organization Details
Founding Year
1974
Principal Officer
Jane Litz
NTEE Category
Code: T310 - Philanthropy
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