Coastal Enterprises Of Jacksonville Inc
- Assets
- $32.1m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 916
- Location
- Jacksonville, NC
- Founding
- 10/1981
- Data as of
- 06/2022
- EIN
- 56-6093446
Organization Overview
Coastal Enterprises Of Jacksonville Inc is located in Jacksonville, NC. The organization was established in 1981. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Coastal Enterprises Of Jacksonville Inc employed 916 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Enterprises Of Jacksonville 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 06/2022, Coastal Enterprises Of Jacksonville Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coastal Enterprises Of Jacksonville Inc has awarded 13 individual grants totaling $315,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND SHELTERED WORKSHOP FOR DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES AS A COMMUNITY REHABILITATION PROGRAM USING THE MEDIUM OF WORK ACTIVITIES TO PROVIDE PROGRAMS OF VOCATIONAL EVALUATION, WORK ADJUSTMENT TRAINING, ADVP, AND ON THE JOB TRAINING TO CHALLENGED CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clyde Hurst Chairman Of The Board | Trustee | 0.25 | $0 |
David Jones Vice Chairman | Trustee | 0.25 | $0 |
David Koonce Director | Trustee | 0.25 | $0 |
Matt Raymond Director | Trustee | 0.25 | $0 |
George Lanvermeier Director | Trustee | 0.25 | $0 |
John Glover President | Officer | 40 | $336,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $859,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,088 |
| Total Program Service Revenue | $8,647,670 |
| Investment income | $48,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,586,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,624 |
| 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. | $866,542 |
| Compensation of current officers, directors, key employees. | $866,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,680,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $673,589 |
| Payroll taxes | $223,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,957 |
| Fees for services: Accounting | $15,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,768 |
| Information technology | $7,438 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $76,384 |
| 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 | $879,081 |
| Insurance | $707,293 |
| All other expenses | $23,869 |
| Total functional expenses | $6,024,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,312,224 |
| Savings and temporary cash investments | $1,166,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,189,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,239,865 |
| Prepaid expenses and deferred charges | $25,644 |
| Net Land, buildings, and equipment | $5,304,849 |
| Investments—publicly traded securities | $6,722,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,110,357 |
| Total assets | $32,071,723 |
| Accounts payable and accrued expenses | $1,984,347 |
| 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 | $0 |
| Total liabilities | $1,984,347 |
| Net assets without donor restrictions | $30,087,376 |
| Net assets with donor restrictions | $0 |
| 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 | $32,071,723 |
Grants Awarded
Over the last fiscal year, Coastal Enterprises Of Jacksonville Inc has awarded $75,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARINE CORPS SCHOLARSHIP FOUNDATION INC PURPOSE: PROVISION OF SCHOLARSHIPS TO CHILDREN OF MARINES. | $50,000 |
CAROLINA MUSEUM OF THE MARINE PURPOSE: MUSEUM HONORING THE LEGACY OF CAROLINA MARINES AND SAILORS | $15,000 |
NEW BERN-CRAVEN COUNTY YMCA INC PURPOSE: YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPOSIBILITY FOR LOCAL COMMUNITY. | $10,000 |