New Coast Foundation
- Assets
- $0.0
- Revenue
- $231.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Glenview, IL
- Founding
- Data as of
- 12/2019
- EIN
- 81-3920621
Organization Overview
New Coast Foundation is located in Glenview, IL. As of 12/2019, New Coast Foundation employed 2 individuals. New Coast Foundation 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 12/2019, New Coast Foundation generated $231.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $429.2k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS TO ORGANIZATIONS THAT PROMOTE ECONOMIC ADVANCEMENT FOR INDIVIDUALS AND COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS AND SUPPORT TO ORGANIZATIONS THAT HAVE DEMONSTRATED A STRONG COMMITTMENT TO PROMOTING ECONOMIC ADVANCEMENT FOR INDIVIDUALS AND COMMUNITIES. FUNDING PRIORITIES WERE INTENDED TO SUPPORT THE MYRIAD WAYS ORGANIZATIONS ARE ADDRESSING HOW POVERTY AFFECTS INDIVIDUALS, FAMILIES, AND COMMUNITIES THROUGHOUT CHICAGO. FIVE INTERCONNECTED IMPACT AREAS HAD BEEN IDENTIFIED WHERE POVERTY WAS MOST VISIBLE AND WHERE INTERVENTION COULD HAVE A PROFOUND IMPACT ON ONE'S ABILITY TO ACHIEVE ECONOMIC MOBILITY. AT THE END OF 2019, THE ORGANIZATION CEASED OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Hoffmann Chief Executive Officer | Officer | 40 | $126,764 |
Alex Ross Chairman | OfficerTrustee | 10 | $0 |
Nick Cromydas Member | Trustee | 2 | $0 |
Dan Gibbons Member | Trustee | 2 | $0 |
Lynn Jareth Member | Trustee | 2 | $0 |
Jim Herbison Member | Trustee | 2 | $0 |
Financial Statements
| 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 | $231,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,185 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| 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 | $231,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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. | $131,565 |
| Compensation of current officers, directors, key employees. | $20,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $263 |
| Payroll taxes | $14,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,068 |
| Fees for services: Accounting | $5,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,305 |
| Advertising and promotion | $1,198 |
| Office expenses | $8,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,325 |
| Travel | $963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $748 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,307 |
| All other expenses | $2,074 |
| Total functional expenses | $429,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, New Coast Foundation has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Program expansion and organization development efforts | $100,000 |
Chicago, IL PURPOSE: To assist low inocme individuals build positive credit histories. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Coast Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Cckc4 Inc Wichita, KS | $1,278,082,464 | $69,570,660 |