Coastal Enterprises Of Jacksonville Inc
- Assets
- $28.7m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 935
- Location
- Jacksonville, NC
- Founding
- 10/1981
- Data as of
- 06/2021
- 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 06/2021, Coastal Enterprises Of Jacksonville Inc employed 935 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 06/2021, Coastal Enterprises Of Jacksonville Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $8.1m during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
John C Glover Manager | 40 | $153,189 | |
Sylvia Amick Vp/secretary | Officer | 40 | $245,852 |
Carol Shepard Vp/asst Secretary | Officer | 40 | $243,508 |
Michael Stokes Manager | 40 | $128,919 | |
Stephen Delong Manager | 40 | $109,173 | |
Rosemarie Odea Manager | 40 | $108,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $922,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $922,488 |
| Total Program Service Revenue | $8,655,830 |
| Investment income | $351,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,600 |
| 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 | $9,959,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,100 |
| 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. | $957,862 |
| Compensation of current officers, directors, key employees. | $957,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,057,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $772,804 |
| Payroll taxes | $322,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,216 |
| Fees for services: Accounting | $80,742 |
| 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 | $20,871 |
| Information technology | $74,430 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,405 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $857,371 |
| Insurance | $779,547 |
| All other expenses | $66,970 |
| Total functional expenses | $8,072,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,233,056 |
| Savings and temporary cash investments | $6,078,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,467,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,049,874 |
| Prepaid expenses and deferred charges | $18,912 |
| Net Land, buildings, and equipment | $5,264,596 |
| Investments—publicly traded securities | $2,508,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,079,956 |
| Total assets | $28,700,774 |
| Accounts payable and accrued expenses | $1,382,848 |
| 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 | $1,382,848 |
| Net assets without donor restrictions | $27,317,926 |
| 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 | $28,700,774 |
Grants Awarded
Over the last fiscal year, Coastal Enterprises Of Jacksonville Inc has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: PROVISION OF SCHOLARSHIPS TO CHILDREN OF MARINES. | $50,000 |
Jacksonville, NC PURPOSE: MUSEUM HONORING THE LEGACY OF CAROLINA MARINES AND SAILORS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Vocations Inc Macon, GA | $12,856,222 | $11,950,736 |
Coastal Enterprises Of Jacksonville Inc Jacksonville, NC | $28,700,774 | $9,959,201 |
Watauga Opportunities Inc Boone, NC | $6,174,593 | $4,894,434 |
Liberty Corner Enterprises Inc Asheville, NC | $1,499,174 | $4,141,112 |
Polk County Sheltered Workshop Inc Columbus, NC | $2,694,853 | $2,928,986 |
Rochelle Center Nashville, TN | $4,236,048 | $3,830,558 |
Union Diversified Industries Inc Monroe, NC | $2,733,673 | $2,447,061 |
Wayne Opportunity Center Inc Goldsboro, NC | $2,444,644 | $2,788,957 |
Shen-Paco Industries Inc Quicksburg, VA | $2,025,312 | $2,326,690 |
Vector Industries Inc Waynesboro, VA | $1,292,662 | $2,566,054 |
Wilkes Vocational Services Inc North Wilkesboro, NC | $2,098,184 | $1,962,826 |
Worksource Enterprises Charlottesville, VA | $2,438,593 | $2,183,228 |