Coastal Community Foundation
- Assets
- $11.1m
- Revenue
- $3.2m
- Investments
- $8.0m
- Employees
- 3
- Location
- Encinitas, CA
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 33-0216692
Organization Overview
Coastal Community Foundation is located in Encinitas, CA. The organization was established in 1991. 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 12/2021, Coastal Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Community Foundation 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 12/2021, Coastal Community Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 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 2014, Coastal Community Foundation has awarded 166 individual grants totaling $3,076,895. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP INDIVIDUALS AND FAMILIES MEET THEIR CHARITABLE GOALS; MAKE GRANTS TO SUPPORT NONPROFIT PROGRAMS, EDUCATION AND COMMUNITY NEEDS; PROVIDE SUPPORT AND TRAINING FOR NONPROFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTED $986,600 IN 2021. 77% OF THE GRANTS MADE IN 2021 SUPPORTED SAN DIEGO COUNTY NONPROFITS AND COMMUNITY PROJECTS.DONOR ADVISORS MAKE RECOMMENDATIONS TO THE FOUNDATION FOR GRANT DISTRIBUTIONS FROM THEIR FUNDS. GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS. GRANTS SUPPORT A WIDE VARIETY OF NONPROFIT ORGANIZATIONS LOCALLY, REGIONALLY AND NATIONALLY.
FIELD OF INTEREST - GRANT AWARDS ARE MADE IN A VARIETY OF INTEREST AREAS. FORMAL GRANT PROGRAMS INCLUDE:1. HAND TO HAND FOR PROGRAMS THAT EMPOWER CHANGE AND SELF-SUFFICIENCY FOR WOMEN AND GIRLS IN SAN DIEGO COUNTY. 2. MENTAL HEALTH GRANTS FOR PROGRAMS AND SERVICES THAT FOCUS ON MENTAL HEALTH INTERVENTION AND COUNSELING SERVICES FOR YOUTH.3. SOLANA BEACH FUND GRANTS ARE MADE FOR PROGRAMS AND PROJECTS THAT BUILD STRONGER NONPROFITS, HELP NEIGHBORHOODS AND FAMILIES, AND ENSURE A VIBRANT CULTURE IN SOLANA BEACH. 4. ENCINITAS FUND GRANTS PROVIDE SUPPORT FOR NONPROFIT PROGRAMS AND COMMUNITY PROJECTS FOR ENCINITAS AND ALL OF ITS NEIGHBORHOODS.5. THE HOMELESS AND HOUSING RECOVERY FUND PROVIDES GRANTS TO NONPROFIT PROGRAMS AND SERVICES THAT ADDRESS HOUSING NEEDS AND THE CONTINUUM OF CARE FOR RESIDENTS.
EDUCATION AND SCHOLARSHIPS - GRANTS WERE MADE FOR TECHNICAL AND CAREER TRAINING PROGRAMS AND STEAM PROGRAMS FOR YOUTH IN NORTH COUNTY SAN DIEGO SCHOOLS. SCHOLARSHIPS ARE AWARDED TO GRADUATING SENIORS FROM NORTH COUNTY HIGH SCHOOL DISTRICTS AND TO STUDENTS WHO QUALIFY FOR RENEWAL SCHOLARSHIPS. SCHOLARSHIPS ARE ALSO AWARDED TO COLLEGE STUDENTS IN SPECIFIC FIELDS OF STUDY.THE FOUNDATION'S GIVING CIRCLES AND GRANT PROGRAMS SUPPORT A VARIETY OF NONPROFITS IN NORTH COUNTY SAN DIEGO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Omahen Executive Director | Officer | 40 | $81,000 |
Pete Iverson Vice President | OfficerTrustee | 0.5 | $0 |
Ed Blodgett Secretary | OfficerTrustee | 0.5 | $0 |
John Kelting President | OfficerTrustee | 1 | $0 |
Sherry Mesman Treasurer | OfficerTrustee | 1 | $0 |
William Cox Director | Trustee | 0.5 | $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 | $2,362,676 |
| Noncash contributions included in lines 1a–1f | $327,251 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,362,676 |
| Total Program Service Revenue | $133,832 |
| Investment income | $130,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $605,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,232,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $986,600 |
| 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. | $81,000 |
| Compensation of current officers, directors, key employees. | $25,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,823 |
| Payroll taxes | $0 |
| Fees for services: Management | $127,325 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,369 |
| Fees for services: Other | $7,398 |
| Advertising and promotion | $864 |
| Office expenses | $2,295 |
| Information technology | $2,183 |
| Royalties | $0 |
| Occupancy | $14,020 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,478 |
| All other expenses | $2,222 |
| Total functional expenses | $1,314,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,438,976 |
| Savings and temporary cash investments | $664,335 |
| Pledges and grants receivable | $1,150 |
| 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 | $0 |
| Investments—other securities | $7,998,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900 |
| Total assets | $11,103,800 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,921,032 |
| 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 | $0 |
| Total liabilities | $1,921,032 |
| Net assets without donor restrictions | $6,008,910 |
| Net assets with donor restrictions | $3,173,858 |
| 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 | $11,103,800 |
Grants Awarded
Over the last fiscal year, Coastal Community Foundation has awarded $758,925 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: GENERAL SUPPORT & SCHOLARSHIPS | $87,000 |
Encinitas, CA PURPOSE: GENERAL SUPPORT AND ACQUISITION OF PROPERTY | $68,750 |
Solana Beach, CA PURPOSE: GENERAL SUPPORT | $57,850 |
Oceanside, CA PURPOSE: GENERAL SUPPORT | $48,940 |
Oceanside, CA PURPOSE: EDUCATIONAL SUPPORT FOR YOUTH, HOMELESS AND FOSTER | $41,230 |
San Diego, CA PURPOSE: NEW EMCO MACHINE, CATHERIZATION LAB MONITOR & SUPPORT FOR HOSPITAL | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Coastal Community Foundation has recieved totaling $23,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Santa Cruz County Aptos, CA PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,500 |
Helmut Kiffmann Family Foundation San Diego, CA PURPOSE: GENERAL FUND | $5,000 |
Sempra Energy Foundation San Diego, CA PURPOSE: CIVIC & COMMUNITY | $2,000 |
Endowment Analysis
| Beg. Balance | $2,321,091 |
| Earnings | $312,740 |
| Admin Expense | $51,595 |
| Net Contributions | $21,495 |
| Grants | $85,825 |
| Ending Balance | $2,517,906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |