College Of Coastal Georgia Foundation Inc is located in Brunswick, GA. The organization was established in 1968. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. College Of Coastal Georgia Foundation 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 12/2022, College Of Coastal Georgia Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 3.0% 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.
Since 2015, College Of Coastal Georgia Foundation Inc has awarded 45 individual grants totaling $6,101,705. 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
THE COLLEGE OF COASTAL GEORGIA FOUNDATION DEVELOPS RESOURCES TO SUPPORT THE COLLEGE IN PROVIDING QUALITY EDUCATION. THE FOUNDATION ALSO SERVES AS AN ADVOCATE WITHIN THE COASTAL GEORGIA COMMUNITY TO FURTHER THE GOALS OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SCHOLARSHIP: MERIT SCHOLARSHIPS AND TARGETED ACADEMIC INCENTIVES ARE IMPORTANT TOOLS IN RECRUITMENT AND RETENTION OF TOP NOTCH STUDENTS. THE FOUNDATION IS COMMITTEED TO CONTINUING AWARDS OF FULL OR PARTIAL SCHOLARSHIPS AT MEANINGFUL FUNDING LEVELS TO FIVE PERCENT OF MORE OF TOTAL ENROLLMENT. TO ATTRACT AND RETAIN OUTSTANDING STUDENTS, THE FOUNDATION WILL CONTINUE TO CONSIDER INNOVATIVE SCHOLARSHIP AND SUPPORT PROGRAMS SUCH AS THE W. KANTOR INTERNATIONAL SCHOLARS, THE BRENDA AND MAC NEASE FOUNDATION SCHOLARSHIPS, AND THE HITES / DINOS SCHOLARSHIPS. THE MAJORITY OF THE FOUNDATION'S SIXTY ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS. IN THE 2021-2022 ACADEMIC YEAR THE FOUNDATION MADE 1,178 SCHOLARSHIP AWARDS TO APPROXIMATELY 776 STUDENTS.
OTHER PROGRAM SERVICES: HOUSING/CAPITAL EXPANSION: STUDENT HOUSING AND ADDITIONAL INSTRUCTIONAL FACILITIES REMAIN CRITICAL FOR THE COLLEGE'S EXPANSION AND GROWTH. THE FOUNDATION LOOKS TO SUPPORT NEW AND IMPROVED FACILITIES AND THE FUTURE PHASES OF STUDENT HOUSING. CURRENTLY THE FOUNDATION OWNS AND OPERATES COASTAL PLACE APARTMENTS, WHICH IS A 132 STUDENT OFF-CAMPUS HOUSING UNIT IN CONJUCTION WITH THE COLLEGE'S RESIDENTIAL HOUSING PROGRAM. THERE ARE VARIOUS NAMING OPPORTUNITIES THROUGH CAPITAL DONATIONS FOR NEW AND EXISTING CAMPUS BUILDINGS AND INFRASTRUCTURE (E.G., WALKWAYS, WATER FEATURES, LABORATORIES, STUDENT MEETING AREAS) THAT CAN BE TARGETED FOR FUTURE SOLICITATIONS.
ACADEMIC PROGRAMMING: QUALITY FACULTY ARE THE CORNERSTONE OF HIGHER EDUCATION. THE COLLEGE'S ABILITY TO RECRUIT AND RETAIN OUTSTANDING ACADEMIC TALENT ENSURES ITS STATUS IN AND CONTRIBUTIONS TO HIGHER EDUCATION. WITH SHRINKING PUBLIC FUNDS AND INCREASING PERFORMANCE DEMANDS, THE FOUNDATION SECURES FUNDING TO SUPPORT FACULTY LEARNING, RESEARCH, SCHOLARSHIP AND INNOVATION. CURRENTLY THERE ARE THIRTY-SEVEN DIVERSE FUNDS MAINTAINED FOR THESE PURPOSES. THESE FUNDS SUPPORT ALL EDUCATIONAL PROGRAMS AT THE COLLEGE AND MOST NOTABLY IN 2022, NURSING EDUCATION, NURSING CLINICAL ASSISTANTS, THE LUCAS CENTER FOR ENTRPRENEURSHP, AND CYBER-SECURITY. THE FOUNDATION SEEKS TO ESTABLISH NEW SOURCES OF FACULTY SUPPORT ANNUALLY AND WORKS TO COMMIT SUPPORT TO REACH A RANGE OF 10% TO 20% OF THE ANNUAL BUDGET OF THE FOUNDATION.
CAMPUS PROGRAMMING/STUDENT LIFE INCLUDING ATHLETICS AND GENERAL OPERATIONS: THE COLLEGE EXPERIENCE IS HEIGHTENED THROUGH QUALITY EXTRA-AND CO-CURRICULAR ACTIVITIES. THE FOUNDATION SUSTAINS ARTS AND CULTURAL EXPERIENCES, LECTURE SERIES, SOCIAL GATHERINGS, AND CAREER DEVELOPMENT OPPORTUNITIES THAT SERVE TO EXPAND THE HORIZONS OF STUDENTS, FACULTY AND STAFF, AND TO PROVIDE ENRICHMENT FOR THE COMMUNITY AT LARGE. CAMPUS PROGRAMMING / STUDENT LIFE FUNDS INCLUDE: THE COASTAL GEORGIA MINORITY OUTREACH PROGRAM, LET'S TALK COASTAL, THE THEATRE FUND, VETERAN FUNDS, A CAMPUS PANTRY AND A STUDENT PUBLICATION FUND (SEASWELL'S). ATHLETIC FUNDS INCLUDE SUPPORT FOR THE ATHLETIC DEPARTMENT, ATHLETIC SCHOLARSHIPS AND SUPPORT FOR THE EIGHT INTER-SCHOLASTIC COLLEGE SPORTS TEAMS. WHILE CULTIVATING SIGNIFICANT NAMED GIVING, THE FOUNDATION'S GOAL IS AT LEAST 20% OF THE ANNUAL BUDGET FOR CAMPUS PROGRAMMING/STUDENT LIFE AND ATHLETIC PROGRAMMING. THE FOUNDATION ALSO SUPPORTS GENERAL OPERATIONS EXPENSES WHICH SHOULD BE UNDER 10% OF THE ANNUAL BUDGET.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Stembler Chair | OfficerTrustee | 2 | $0 |
Hillary Stringfellow Vice Chair | OfficerTrustee | 2 | $0 |
Daren Pietsch Treasurer | OfficerTrustee | 2 | $0 |
Susan Imhoff Secretary | OfficerTrustee | 2 | $0 |
Greer Brown Past Chair | Trustee | 2 | $0 |
Cedric King At-Large | Trustee | 2 | $0 |
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 | $3,397,601 |
Noncash contributions included in lines 1a–1f | $920 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,397,601 |
Total Program Service Revenue | $40,000 |
Investment income | $385,434 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$240,146 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,585,231 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,031,908 |
Grants and other assistance to domestic individuals. | $591,186 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $52,932 |
Fees for services: Other | $14,000 |
Advertising and promotion | $0 |
Office expenses | $15,021 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $141 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,705,188 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,045,358 |
Pledges and grants receivable | $2,450,998 |
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 | $678 |
Net Land, buildings, and equipment | $1,330,405 |
Investments—publicly traded securities | $17,339,516 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $256,285 |
Total assets | $22,423,240 |
Accounts payable and accrued expenses | $327,470 |
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 | $2,463 |
Total liabilities | $329,933 |
Net assets without donor restrictions | $3,861,233 |
Net assets with donor restrictions | $18,232,074 |
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 | $22,423,240 |
Over the last fiscal year, College Of Coastal Georgia Foundation Inc has awarded $1,031,908 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
THE COLLEGE OF COASTAL GEORGIA PURPOSE: Academic Programming | $586,702 |
THE COLLEGE OF COASTAL GEORGIA PURPOSE: Athletic Programming/ Facilities | $269,114 |
THE COLLEGE OF COASTAL GEORGIA PURPOSE: Campus Programming / Student Life | $16,701 |
THE COLLEGE OF COASTAL GEORGIA PURPOSE: College Operations | $116,748 |
THE COLLEGE OF COASTAL GEORGIA PURPOSE: Housing / Capital Expansion | $42,643 |