Overview
What is Coastal Bend College Foundation Inc?
Coastal Bend College Foundation Inc is a not-for-profit organization, established in 2000, with a mission to financially strengthen and enhance the visibility of Coastal Bend College. Located in Beeville, Texas, the foundation aims to meet the educational needs of its students by providing scholarships for books and tuition, focusing on students with satisfactory grade point averages. The foundation's primary role is to fund projects that foster curriculum development, faculty development, building modernization, and innovative student services, ensuring that the college continues to meet the dynamic educational and economic needs of its community. By receiving and administering private gifts, bequests, and donations, the foundation supports programs and activities not covered by traditional funding sources, while also offering tax-wise alternatives through its comprehensive planned giving program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating reflects a solid level of accountability and financial health for Coastal Bend College Foundation Inc, with a score derived entirely from its Accountability & Finance beacon. The foundation demonstrates a commitment to transparency and responsible financial practices.
The organization features a fully independent board, with 100% of its members meeting this criterion, which contributes positively to its governance structure. Additionally, there are no noted material diversions of assets, and the foundation adheres to a conflict of interest policy while actively documenting board meeting minutes. These factors indicate a strong commitment to ethical standards and oversight.
On the financial performance side, the organization has a low liabilities to assets ratio of 0.16% and an impressive program expense ratio of 88.08%. This suggests that the foundation effectively allocates a significant majority of its resources towards its programs. However, further qualitative feedback on user experiences or specific program impacts could provide a more comprehensive understanding of the foundation's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Coastal Bend College Foundation Inc legitimate?
Coastal Bend College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coastal Bend College Foundation Inc 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.
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What is the mission statement of Coastal Bend College Foundation Inc?
The Coastal Bend College Foundation's mission is to enhance the financial stability and visibility of Coastal Bend College. Their primary objective is to fund initiatives that improve the curriculum, faculty development, building modernization, and innovative student services at the college. This is done to enable Coastal Bend College to continue meeting the dynamic educational and economic needs of its students, communities, and industries. The foundation receives and administers private gifts, bequests, and donations to benefit Coastal Bend College students and enhance the quality of teaching and learning at the college. Gifts to the foundation support programs and activities not funded through traditional sources, while also providing assistance to donors through a comprehensive program of tax-wise alternatives through planned giving.
Who is the CEO of Coastal Bend College Foundation Inc?
Reagan Florence is the Cbc Foundation President of Coastal Bend College Foundation Inc.
What is the revenue of Coastal Bend College Foundation Inc?
Coastal Bend College Foundation Inc's revenue in 2022 was -$54,329.
Who are the executives of Coastal Bend College Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Coastal Bend College Foundation Inc?
Coastal Bend College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coastal Bend College Foundation Inc
Coastal Bend College Foundation Inc, a financially empowered non-profit organization, is dedicated to enhancing the fiscal stability and visibility of Coastal Bend College. Their primary mission is to provide financial aid to students in need, offering scholarships for books and tuition. This support is extended to students who maintain satisfactory grade point averages. In addition to this, the foundation also aims to fund inspired curriculum, faculty development, building modernization, and innovative student services projects. These initiatives enable Coastal Bend College to continue meeting the dynamic educational and economic needs of the students, communities, and industries it serves.
Furthermore, the Coastal Bend College Foundation, established in 2000, receives and administers private gifts, bequests, and donations to benefit Coastal Bend College students. These contributions support programs and activities not funded through traditional sources. The foundation also provides assistance to donors through a comprehensive program of tax-wise alternatives through planned giving. By doing so, they ensure that both the college and its donors reap the benefits of these charitable contributions.
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Impact
October, 2024
Coastal Bend College Foundation Inc plays a crucial role in enhancing the educational experiences of students at Coastal Bend College. By providing scholarships specifically for books and tuition, the foundation directly alleviates financial burdens faced by students in need and those maintaining satisfactory academic performance.
Established to enrich the quality of teaching at the college, the foundation utilizes bequests and donations to support various projects. Its mission extends beyond individual student aid; it aims to improve the overall fiscal stability and visibility of Coastal Bend College. This includes funding innovative curriculum, faculty development, building modernization, and student services that align with the evolving educational and economic demands of the community.
Since its inception in 2000, the foundation has been instrumental in addressing the diverse needs of students, communities, and industries in the Coastal Bend area, ensuring a more accessible and enhanced learning environment. Through these efforts, it not only benefits current students but also supports the long-term growth and adaptability of the college itself.
This information is meant to be a general summary of Coastal Bend College Foundation Inc. 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: $62,435
- Gross Receipts: $11,444
Assets and Liabilities:
- Total Assets: $2,309,548
- Total Liabilities: $24,000
- Net Assets: $2,285,548
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Organization Details
Founding Year
2000
Phone
(361) 354-2520Principal Officer
Reagan Florence
Main Address
3800 CHARCO ROAD, BEEVILLE, TX, 78102
NTEE Category
Code: T30 - Philanthropy
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