Communities Of Coastal Georgia Foundation Inc
- Assets
- $48.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Brunswick, GA
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-2454729
Organization Overview
Communities Of Coastal Georgia Foundation Inc is located in Brunswick, GA. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Communities Of Coastal Georgia Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communities Of Coastal Georgia Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Communities Of Coastal Georgia Foundation Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.9m during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Communities Of Coastal Georgia Foundation Inc has awarded 726 individual grants totaling $25,321,083. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.THE COMMUNITIES OF COASTAL GEORGIA FOUNDATION, INC. WAS ESTABLISHED TO IMPROVE THE QUALITY OF LIFE IN COASTAL GEORGIA BY ENCOURAGING RESPONSIVE AND EFFECTIVE PHILANTHROPY TO ADDRESS COMMUNITY NEEDS AND ISSUES, BOTH NOW AND FOR FUTURE GENERATIONS. WE WORK WITH INDIVIDUALS, FAMILIES, CORPORATIONS AND FOUNDATIONS TO CREATE FUNDS; WE CONVENE COMMUNITY LEADERSHIP ON ISSUES VITAL TO THE REGION; WE HELP TO BUILD THE CAPACITY OF LOCAL NONPROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE PHILANTHROPIC SERVICES TO OUR DONORS AND FUND HOLDERS, EDUCATING THEM ON COMMUNITY ISSUES, HELPING THEM DEFINE THEIR GOALS, AND ADMINISTERING THEIR GRANT MAKING REQUESTS IN AN EFFICIENT AND EFFECTIVE MANNER. OUR ASSETS ARE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES AND CONSIST OF BOTH ENDOWED AND NON-ENDOWED FUNDS (SEE SCHEDULE O).
WE STRENGTHEN LOCAL NONPROFITS THROUGH GRANT MAKING, AND INDIVIDUALLY WORK WITH THEM TO DEFINE AND ARTICULATE THEIR PROGRAMS AND IMPROVE THEIR CAPACITY TO OPERATE EFFECTIVELY AND WITH THE HIGHEST STANDARDS (SEE SCHEDULE O).
WE CONVENE THE COMMUNITY AROUND CRITICAL ISSUES, RAISING PUBLIC AWARENESS, FACILITATING MEETINGS, HELPING DEFINE THE ISSUES AND APPROPRIATE RESPONSES (SEE SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Saussy Director | Trustee | 1 | $0 |
David W Wright Director | Trustee | 1 | $0 |
Hillary S Stringfellow Chairperson | OfficerTrustee | 1 | $0 |
Jack C Kilgore Director | Trustee | 2 | $0 |
Burch Barger Director | Trustee | 1 | $0 |
Sugandha Yadav Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,172,967 |
| Noncash contributions included in lines 1a–1f | $1,316,163 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,172,967 |
| Total Program Service Revenue | $0 |
| Investment income | $1,412,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $429,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,055,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,219,518 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,171 |
| Compensation of current officers, directors, key employees. | $62,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,020 |
| Pension plan accruals and contributions | $7,172 |
| Other employee benefits | $1,495 |
| Payroll taxes | $24,751 |
| Fees for services: Management | $20,691 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $147,354 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,152 |
| Office expenses | $18,775 |
| Information technology | $32,732 |
| Royalties | $0 |
| Occupancy | $50,484 |
| Travel | $6,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,266 |
| Interest | $36 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,806 |
| All other expenses | $0 |
| Total functional expenses | $5,916,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,756,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $44,483,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $629,751 |
| Total assets | $48,869,763 |
| Accounts payable and accrued expenses | $14,113 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,799,448 |
| Total liabilities | $3,813,561 |
| Net assets without donor restrictions | $45,000,359 |
| Net assets with donor restrictions | $55,843 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,869,763 |
Grants Awarded
Over the last fiscal year, Communities Of Coastal Georgia Foundation Inc has awarded $4,707,502 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
10 10 10 TALENT INC PURPOSE: GENERAL SUPPORT | $10,000 |
ACLU FOUNDATION OF GEORGIA INC PURPOSE: GENERAL SUPPORT | $7,500 |
AMERICA'S SECOND HARVEST OF COASTAL GEORGIA INC PURPOSE: GENERAL SUPPORT | $32,500 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $25,250 |
BELOVED CHRISTIAN MINISTRIES INC PURPOSE: GENERAL SUPPORT | $10,000 |
BRUNSWICK ROCKS PURPOSE: GENERAL SUPPORT | $6,000 |