Coastal Educational Foundation Incorporated

Organization Overview

Coastal Educational Foundation Incorporated is located in Conway, SC. The organization was established in 1958. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Educational Foundation Incorporated 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 06/2023, Coastal Educational Foundation Incorporated generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 2.5% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT COASTAL CAROLINA UNIVERSITY THROUGH SCHOLARSHIPS AND PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY SUPPORT - THE FOUNDATION PROVIDES SALARY ENRICHMENT AND BENEFITS TO ATTRACT AND RETAIN TOP ADMINISTRATION.


PROGRAM SUPPORT - THE FOUNDATION FUNDS CHAIRS AND PROFESSORSHIPS FOR THE VARIOUS COLLEGES AND PROVIDES FUNDING FOR MANY OF THE RENOWNED PROGRAMS THAT HAVE LED COASTAL CAROLINA UNIVERSITY TO BE RECOGNIZED AS ONE OF "AMERICA'S 100 BEST COLLEGE BUYS" FOR ELEVEN CONSECUTIVE YEARS. ALSO, COASTAL CAROLINA UNIVERSITY IS RANKED SIXTH IN THE BEST VALUE CATEGORY FOR SOUTHERN REGIONAL UNIVERSITIES IN THE 2021 EDITION OF THE U.S. NEWS AND WORLD REPORT "BEST COLLEGE" ANNUAL RANKINGS.


SCHOLARSHIPS - THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS MEETING VARYING CRITERIA THROUGH BOTH ENDOWMENTS AND ANNUAL CONTRIBUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Tony K Cox
Past Chairman
$0
Michael F Hagg
Chairman
$0
Christopher St John
Vice Chairman
$0
E Lawton Benton
Member
$0
Franklin C Blanton
Member
$0
Merrill T Boyce
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$56,924
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,471,333
Noncash contributions included in lines 1a–1f $124,560
Total Revenue from Contributions, Gifts, Grants & Similar$4,528,257
Total Program Service Revenue$0
Investment income $214,221
Tax Exempt Bond Proceeds $0
Royalties $18,462
Net Rental Income $351,510
Net Gain/Loss on Asset Sales -$560
Net Income from Fundraising Events -$27,100
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,236,617

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