Coastal Bend Industry Association
- Assets
- $226.4k
- Revenue
- $326.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 03/1955
- Data as of
- 12/2023
- EIN
- 74-6060653
Organization Overview
Coastal Bend Industry Association is located in Corpus Christi, TX. The organization was established in 1955. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Bend Industry Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Coastal Bend Industry Association generated $326.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $330.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE, MAINTAIN, AND PROMOTE A FAVORABLE ATTITUDE TOWARD BUSINESS IN GENERAL AND INDUSTRY IN PARTICULAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVIRONMENTAL INITIATIVES--ACTIVITIES DESIGNED TO ASSURE ADEQUATE LONG TERM WATER SUPPLIES FOR THE REGION, TO ASSURE THAT CLEAN AIR STANDARDS ARE MET OR EXCEEDED ACCORDING TO LOCAL, STATE, AND FEDERAL GUIDELINES AND THAT THE CITY'S AIR QUALITY ATTAINMENT CLASSIFICATION IS MAINTAINED, TO ASSURE THAT WATER QUALITY IN BAYS AND ESTUARIES IS MAINTAINED, TO ENHANCE PUBLIC AWARENESS OF RELATED HEALTH ISSUES.
PUBLIC RELATIONS INITIATIVES--EDUCATIONAL PROGRAMS DESIGNED TO INFORM THE PUBLIC ABOUT ECONOMIC IMPACT SUCH AS PAYROLL, LOCAL PURCHASES, AND TAXES PAID BY PORT INDUSTRIES. CONDUCTED PUBLIC OPINION SURVEYS TO DETERMINE COMMUNITY NEEDS AND POTENTIAL AREAS OF SUPPORT, SUPPORTED ACTIVITIES OF CHARITABLE ORGANIZATIONS SUCH AS UNITED WAY AND BOY SCOUTS, BOUGHT RADIO AND TV PUBLIC ANNOUNCEMENTS, ETC.
GOVERNMENTAL INITIATIVES--PROGRAMS DESIGNED TOWARD A MORE INFORMED PUBLIC REGARDING LOCAL, STATE, AND FEDERAL ISSUES, INCLUDING NONPARTISAN CANDIDATE FORUMS FOR THE PUBLIC AND EMPLOYEES OF MEMBER COMPANIES, PUBLICATION OF VOTERS' GUIDES, ASSISTANCE TO THE LEAGUE OF WOMEN VOTERS, ENCOURAGEMENT OF VOTER PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Burke Director | Trustee | 2 | $0 |
Patrick Murphy Director | Trustee | 2 | $0 |
Frank Bagala Director | Trustee | 2 | $0 |
Jim Cristman Director | Trustee | 2 | $0 |
Bob Shockney Director | Trustee | 2 | $0 |
Mark Reyes Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $300,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $326,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,000 |
| 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. | $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 | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,540 |
| Advertising and promotion | $17,027 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,985 |
| All other expenses | $51,000 |
| Total functional expenses | $330,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,372 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,372 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $226,372 |
| 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 | $226,372 |
Grants Awarded
Over the last fiscal year, Coastal Bend Industry Association has awarded $135,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL BEND AIR QUALITY PARTNERSHIP PURPOSE: TO ADVANCE DIALOGUES ABOUT THE EFFECT OF AIR QUALITY BY PROMOTING PROGRAMS FOR IMPROVEMENT. | $60,000 |
COASTAL BEND BAYS AND ESTUARIES PROGRAM PURPOSE: DEDICATED TO PROTECTING THE BAYS AND ESTUARIES WHILE SUPPORTING CONTINUED GROWTH AND PUBLIC USE OF THE BAYS. | $75,000 |