Coastal Community Foundation
- Assets
- $10.2m
- Revenue
- $1.4m
- Investments
- $9.9m
- Employees
- 5
- Location
- Encinitas, CA
- Founding
- 10/1991
- Data as of
- 12/2023
- 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 12/2023, Coastal Community Foundation employed 5 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 12/2023, Coastal Community Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 12.4% 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 2014, Coastal Community Foundation has awarded 255 individual grants totaling $4,874,726. 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
THE FOUNDATION HELPS DONORS WITH THEIR CHARITABLE GOALS AND OFFERS GRANTMAKING PROGRAMS THAT SUPPORT NONPROFITS , PRIMARILY IN NORTH COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTED $838,601 IN 2023. 75% OF THE GRANTS MADE IN 2023 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.COASTAL COMMUNITY FOUNDATION FULFILLS OUR MISSION BY PROVIDING A FLEXIBLE WAY FOR DONORS WITH VARIED PHILANTHROPIC DESIRES THROUGH ITS SERVICES TO INCLUDE SETTING UP DONOR ADVISED FUNDS (DAFS) IN WHICH A DONOR CAN CONTRIBUTE ASSETS TO THEIR FUND AT ANY TIME AND MAKE GRANT RECOMMENDATIONS TO THE FOUNDATION TO SUPPORT NONPROFIT ORGANIZATIONS OR CAUSES OF THEIR CHOICE; FIELD OF INTEREST FUNDS IN WHICH A DONOR CAN CONTRIBUTE AND PARTICIPATE IN GRANT AWARDS IN A FOCUSED PROGRAM AREA; DESIGNATED FUNDS ALLOWING A DONOR TO SUPPORT ONE OR MORE NAMED ORGANIZATIONS IN PERPETUITY; SCHOLARSHIP FUNDS TO BENEFIT STUDENTS OF ANY AGE OR EDUCATION LEVEL; AGENCY FUNDS WHERE OTHER NONPROFIT ORGANIZATIONS CAN INVEST THEIR OWN PERMANENT ENDOWMENTS THROUGH THE FOUNDATION; GIVING CIRCLES (HAND TO HAND, SOLANA BEACH FUND, ENCINITAS FUND, AND GIVING WITH IMPACT) WHICH IS COMPRISED OF LIKE-MINDED INDIVIDUALS WHO COMBINE THEIR GIFTS INTO ONE FUND AND SHARE IN THE GRANT MAKING DECISIONS; AND PROJECT FUNDS CAN BE INVESTED IN BY COMMUNITY MEMBERS RESPONDING TO A CAMPAIGN INITIATED BY THE FOUNDATION TO MEET A COMMUNITY NEED.COASTAL COMMUNITY FOUNDATION HAS DISCRETIONARY, COMPETITIVE GRANT PROGRAMS AND SCHOLARSHIPS. APPLICATIONS ARE POSTED ONLINE WHEN OPEN AND APPLICATIONS MANAGED THROUGH THE FOUNDANT ONLINE APPLICATION PORTAL BY BOTH APPLICANT AND COMMITTEE MEMBERS REVIEWING PROPOSALS. EACH OF THE FUNDING OPPORTUNITIES ARE LED BY COMMUNITY MEMBERS MAKING RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR FINAL AWARD OF GRANTS TO DESERVING ORGANIZATIONS IN SAN DIEGO.BETTY SCALICE FOUNDATION (MUSIC): GRANTS FOR NONPROFIT, SCHOOL-BASED MUSIC PROGRAMS SERVING SAN DIEGO COUNTY.EDVENTURES EDUCATION PATHWAYS GRANT PROGRAM: CAREER AND TECHNICAL EDUCATION (CTE) TEACHERS IN MIDDLE AND HIGH SCHOOLS FROM SAN DIEGUITO UNIFIED SCHOOL DISTRICT WHO TEACH IN ONE OF THE PATHWAYS PROGRAMS ARE ELIGIBLE TO APPLY. GRANTS ARE MADE FOR CREATIVE EDUCATIONAL PROJECTS THAT STIMULATE LEARNING AND ENHANCE THE PATHWAYS CURRICULUM.ENCINITAS FUND: SERVES TO ADDRESS LOCAL NEEDS AND TO ENCOURAGE PHILANTHROPY WITH GRANTS MADE TO A VARIETY OF ORGANIZATIONS FOR THE BENEFIT OF ENCINITAS AND ALL ITS COMMUNITIES.HAND TO HAND GIVING CIRCLE: THIS GRANT PROGRAM MAKES AN IMPACT ON THE LIVES OF WOMEN AND GIRLS IN SAN DIEGO COUNTY BY DIRECTING RESOURCES TO PROGRAMS THAT EMPOWER CHANGE AND SELF-SUFFICIENCY.MENTAL HEALTH FUND: THE FOUNDATION AWARDS GRANTS TO NONPROFIT ORGANIZATIONS THAT PROVIDE PREVENTION OR EARLY INTERVENTION MENTAL HEALTH SERVICES OR MENTAL HEALTH COUNSELING FOR YOUTH (AGES 21 AND UNDER).SAFE & STABLE HOUSING FUND: GRANT AWARDS MADE SEEKS TO NONPROFIT ORGANIZATIONS SUPPORTING TRANSITIONAL, UNSHELTERED AND AT-RISK INDIVIDUALS EXPERIENCING HOMELESSNESS WITH THE GOAL THAT THEY REMAIN STABLE IN A HOME OF THEIR OWN.SOLANA BEACH FUND: SERVES TO ADDRESS LOCAL NEEDS AND TO ENCOURAGE PHILANTHROPY WITH GRANTS MADE TO A VARIETY OF ORGANIZATIONS FOR THE BENEFIT OF SOLANA BEACH AND ALL ITS COMMUNITIES.SCHOLARSHIPSCOASTAL COMMUNITY FOUNDATION'S (CCF) SCHOLARSHIP PROGRAM IS AVAILABLE FOR GRADUATING SENIORS FROM SAN DIEGUITO, CARLSBAD, AND OCEANSIDE SCHOOL DISTRICTS.PLEASE FIND US AT:WWW.COASTALFOUNDATIONORGLINKEDIN @COASTALCOMMUNITYFOUNDATIONINSTAGRAM @COASTALCOMMUNITY.FOUNDATIONFACEBOOK @COASTALCOMMUNITYFDN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Iverson President | OfficerTrustee | 4 | $0 |
Bob Buell Vice President | OfficerTrustee | 1 | $0 |
Rodger Smith Secretary | OfficerTrustee | 1 | $0 |
Kristi Yanover Treasurer | OfficerTrustee | 2 | $0 |
Karen Duncan Bonner Board Member | Trustee | 1 | $0 |
Dave Clemons Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $889,874 |
| Noncash contributions included in lines 1a–1f | $366,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $929,874 |
| Total Program Service Revenue | $134,462 |
| Investment income | $214,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,991 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,411,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $838,601 |
| 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. | $105,267 |
| Compensation of current officers, directors, key employees. | $10,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,043 |
| Pension plan accruals and contributions | $2,598 |
| Other employee benefits | $496 |
| Payroll taxes | $15,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,270 |
| Fees for services: Other | $1,250 |
| Advertising and promotion | $1,722 |
| Office expenses | $6,361 |
| Information technology | $5,554 |
| Royalties | $0 |
| Occupancy | $15,114 |
| Travel | $32 |
| 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 | $1,587 |
| All other expenses | $16,607 |
| Total functional expenses | $1,296,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,643 |
| 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 | $0 |
| Investments—other securities | $9,901,787 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,166,430 |
| Accounts payable and accrued expenses | $1,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,949,143 |
| 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 | $1,950,343 |
| Net assets without donor restrictions | $5,355,853 |
| Net assets with donor restrictions | $2,860,234 |
| 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 | $10,166,430 |
Grants Awarded
Over the last fiscal year, Coastal Community Foundation has awarded $564,860 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF SAN DIEGUITO PURPOSE: HEALTH & WELLNESS | $8,000 |
ALABASTER JAR PROJECT PURPOSE: WOMEN & GIRLS | $10,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL | $20,000 |
CALIFORNIA STATE UNIVERSITY SAN MARCOS PURPOSE: EDUCATIONAL | $19,000 |
CAMPANILE FOUNDATION SDSU PURPOSE: EDUCATIONAL | $25,000 |
ELDERHELP OF SAN DIEGO PURPOSE: WOMEN & GIRLS | $10,500 |