Overview
What is Coastal Bend Community Foundation?
The Coastal Bend Community Foundation is a charitable organization based in Corpus Christi, Texas. With eight dedicated employees, they grant funds to nonprofits in the Coastal Bend area to improve the overall quality of life. Their grants come from various sources, including unrestricted, field-of-interest, designated, special project, and donor-advised funds. The foundation's mission is to enhance the Coastal Bend community through charitable and educational initiatives.
Official website here: www.cbcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The Coastal Bend Community Foundation has achieved a perfect score of 100%, reflecting its exceptional performance across various assessment categories. This four-star rating indicates strong accountability and financial management, with metrics like a 95.08% program expense ratio and a fundraising efficiency ratio of just $0.01, showcasing its commitment to maximizing resources for community impact.
The organization also demonstrates robust governance practices, with a fully independent board comprising 25 members and stringent oversight measures such as an audit and oversight committee that scored full points. Additionally, the foundation has effective policies in place for conflict of interest and whistleblower protection, further underscoring its integrity and transparency.
Feedback mechanisms are prioritized, as evidenced by perfect scores in feedback collection and usage, indicating that the foundation actively engages with its community and stakeholders. Overall, the Coastal Bend Community Foundation exemplifies a model of effective nonprofit management and community engagement, with no noted limitations in the provided data.
This AI summary has been generated from information found on Charity Navigator.
Is Coastal Bend Community Foundation legitimate?
Coastal Bend Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coastal Bend 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: $441,557
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,754
For more financial information, click here
Official website here: www.cbcfoundation.org
What is the mission statement of Coastal Bend Community Foundation?
The Coastal Bend Community Foundation strives to enhance the quality of life in various communities in Texas through charitable and educational grants. By making grants to nonprofit organizations, the foundation aims to bring about positive change and improvement in the areas it serves. The foundation's activities are focused on unrestored, field-of-interest, designated, special project, and donor advised funds. Through these grants, the Coastal Bend Community Foundation works towards creating a better future for the communities it supports.
Official website here: www.cbcfoundation.org
Who is the CEO of Coastal Bend Community Foundation?
Karen W Selim is the Chair of Coastal Bend Community Foundation.
Official website here: www.cbcfoundation.org
What is the revenue of Coastal Bend Community Foundation?
Coastal Bend Community Foundation's revenue in 2022 was $13,893,465.
Official website here: www.cbcfoundation.org
Who are the executives of Coastal Bend Community Foundation and what are their salaries?
The average compensation at Coastal Bend Community Foundation during 2022 was $81,539. There are 8 employees at Coastal Bend Community Foundation.
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- Compensation: $83,800
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- Compensation: $104,800
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- Other: $14,532
Official website here: www.cbcfoundation.org
Where can I find the form 990 for Coastal Bend Community Foundation?
Coastal Bend Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbcfoundation.org
Learn more at the official website: www.cbcfoundation.org
Mission Statement of Coastal Bend Community Foundation
Coastal Bend Community Foundation, a charitable organization based in Texas, is dedicated to enhancing the quality of life in the Coastal Bend area through strategic grant-making. By providing financial support to nonprofit organizations, this foundation aims to address various societal needs and contribute to the overall improvement of the community.
The Coastal Bend Community Foundation makes grants from different funds, including unresticted, field-of-interest, designated, special project, and donor advised funds. These grants are distributed to eligible nonprofits to support their initiatives and programs, ultimately impacting the lives of countless individuals in the region.
The foundation's mission in action is a continuous effort to foster sustainable growth and development in the Coastal Bend community. Through its grants, the organization addresses diverse needs, ranging from education and health to social services and the arts. By empowering local nonprofits, Coastal Bend Community Foundation plays a vital role in catalyzing positive change and ensuring a brighter future for the residents of the area.
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Impact
October, 2024
Coastal Bend Community Foundation enhances the quality of life in the Coastal Bend area of Texas by distributing charitable and educational grants to local organizations. These grants support a variety of initiatives aimed at improving health, education, and community development. By leveraging unrestricted, field-of-interest, designated, special project, and donor-advised funds, the foundation addresses pressing needs and fosters positive change within the community. Its mission plays a crucial role in empowering local nonprofits and strengthening the fabric of the Coastal Bend region through strategic financial support.
This information is meant to be a general summary of Coastal Bend 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 2022.
- Investment Income: $2,378,642
- Gross Receipts: $20,477,100
Assets and Liabilities:
- Total Assets: $119,021,065
- Total Liabilities: $11,686,433
- Net Assets: $107,334,632
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Organization Details
Founding Year
1980
Phone
(361) 882-9745Principal Officer
Karen W Selim
Main Address
555 N CARANCAHUA STREET SUITE 900, CORPUS CHRISTI, TX, 784010834
Website
www.cbcfoundation.orgNTEE Category
Code: T310 - Philanthropy
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