COASTAL BEND COMMUNITY FOUNDATION
Improving the quality of life in the Coastal Bend
COASTAL BEND COMMUNITY FOUNDATION
EIN: 74-2190039
as of November 2023
as of November 13, 2023
Mission
The Mission of the Foundation is to improve the quality of life in the Coastal Bend by building community endowment and addressing social, educational, environmental and cultural needs through the awarding of grants and scholarships.
Notes from the nonprofit
Since CBCF was established in 1981, CBCF’s assets have grown to over $97.6 million in 312 funds. CBCF has assisted its donors in awarding over $138 million in grants to nonprofits and scholarships to individuals to help Coastal Bend residents improve their lives and the lives of people around them. Our most prominent event is the Coastal Bend Day of Giving. Established in 2009 to address the human needs caused by the 2008 recession, the Coastal Bend has embraced this event to lift up nonprofits assisting the neediest of our neighbors. The Day of Giving has achieved remarkable growth; funds raised have increased from $410,000 at inception to almost $3.34 million in 2020. Since 2009 the event has put $20 million to work in our community aiding those who are least able to help themselves, and with no administrative fees taken from the matching funds or the individual donations by CBCF.
Ruling year
1981
President & CEO
Mrs. Karen W. Selim
Main address
555 N. Carancahua, Suite 900
Corpus Christi, TX 78401 USA
EIN
74-2190039
Foundations
Community improvement
Population served
Children and youth
Adults
Foster and adoptive parents
Foster and adoptive children
Economically disadvantaged people
NTEE code
Community Foundations (T31)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Coastal Bend Grants
Helps meet the charitable needs of and enhances the quality of life in the Coastal Bend of Texas through grants to charitable organizations. Grants are awarded annually through a competitive process and focus on the areas of: arts and culture, education, environment, families and children, health, human services and public good. Funding is available in CBCF's seven county service area of Aransas, Bee, Jim Wells, Kleberg, Nueces, Refugio and San Patricio.
Coastal Bend Scholarships
Scholarships are awarded to graduating high school seniors and current college students for both CBCF and Outside scholarships. A single online application considers students for over 70 CBCF scholarships. Outside scholarships use an application process specific to the organization or donor. Students must live in the CBCF seven county service area of Aransas, Bee, Jim Wells, Kleberg, Nueces, Refugio and San Patricio.
Coastal Bend Day of Giving
In November 2009, nine Coastal Bend area foundations initiated the Coastal Bend Day of Giving, a matching gift program in response to the need for food, shelter, and basic human services in the Coastal Bend. The funds raised assisted nonprofits impacted by the downturn in the economy. Additional Days of Giving have been held every year since, raising over $24.3 million to help thousands of our neediest neighbors with much needed services. Administered by Coastal Bend Community Foundation, the 24-hour online matching fundraising campaign is held the second Tuesday in November. Matching funders pledge match monies, offering donors the unique opportunity to make gifts that are doubled to local participating nonprofits in a seven-county service area. Only the donations made through the website at coastalbenddayofgiving.org count towards the match. As Coastal Bend Community Foundation underwrites all operating costs of the event, 100% of the matching funds go directly to the nonprofits.
Where we work
Accreditations
Community Foundations National Standards for U.S. Community Foundations- Accredited 2009
Community Foundations National Standards for U.S. Community Foundations- Re-accredited 2015
Community Foundations National Standards for U.S. Community Foundations- Re-accredited 2020
Community Foundations National Standards for U.S. Community Foundation - Re-accredited 2023
Awards
Outstanding Philanthropic Foundation 2021
Association of Fundraising Professionals TX, Coastal Bend Chapter
Affiliations & memberships
Council on Foundations 2020
Council on Foundations 2023
External reviews
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of organizations applying for grants
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Coastal Bend Scholarships
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
The totals refer to the total number of completed Coastal Bend Community Foundation General Scholarship Applications received from high school seniors and current/prospective college students.
Average grant amount
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Coastal Bend Scholarships
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
The totals refer to the average grant amount awarded to students through The Coastal Bend Community Foundation scholarship program. Amounts available to spend are determined by our spending policy.
Total dollar amount of grants awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Coastal Bend Scholarships
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
The totals refer to the total amount of new scholarship awards that are approved each year. Some of these awards pay out over multiple semesters. The total award amount is included in each calculation
Total number of grants awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Coastal Bend Scholarships
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
The number of scholarships awarded each year fluctuates based upon the available balances that our funds have after applying the foundation's spending policy to them.
Number of endowments
This metric is no longer tracked.Totals By Year
Related Program
Coastal Bend Grants
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
The total refers to the Total Number of Endowment Funds held at The Coastal Bend Community Foundation as of 12/31 each year.
Number of donor-advised funds
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Increasing
Context Notes
The total refers to the Total Number of Donor Advised Funds held at The Coastal Bend Community Foundation on 12/31 of each year listed.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Coastal Bend Community Foundation's goals to implement are: (1) Increase the Foundation's assets and donations, (2) Manage and administer donors' gifts responsibly, (3) Ensure, promote, and enhance the Foundation's reputation, (4) Provide the necessary organizational structure to manage and administer the Foundation's assets.
What are the organization's key strategies for making this happen?
The Coastal Bend Community Foundation's strategies to implement for each of our goals are:
(1) Increase the Foundation's assets and donations
(a) Secure gifts from Board members
(b) Increase presence and influence with estate planning professionals
(c) Have small foundations convert their assets to Foundation-managed funds or programs.
(2) Manage and administer donors' gifts responsibly
(a) Manage investment portfolio and consultants
(b) Maintain professional, credentialed, and well-trained staff
(c) Create innovative grant and scholarship opportunities
(d) Evaluate, carefully and critically, grant and scholarship recipients
(3) Ensure, promote, and enhance the Foundation's reputation
(a) Secure highly respected, engaged board members to lead into the future
(b) Exercise non-profit leadership education
(c) Continue collaborative working relationships in the communities served
(4) Provide the necessary organizational structure to manage and administer the Foundation's assets
(a) Develop succession plan for staff positions
(b) Implement technology advances
(c) Provide sufficient budget to carry out Goals.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome, It is difficult to get honest feedback from the people we serve
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2021 info
10.62
Months of cash in 2021 info
1.7
Fringe rate in 2021 info
11%
Funding sources info
Assets & liabilities info
Financial data
COASTAL BEND COMMUNITY FOUNDATION
Revenue & expensesFiscal Year: Jan 01 - Dec 31
COASTAL BEND COMMUNITY FOUNDATION
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of COASTAL BEND COMMUNITY FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $1,298,959 | -$2,400,502 | $12,484,678 | -$9,660,999 | $3,657,227 |
| As % of expenses | 14.6% | -19.4% | 105.3% | -88.0% | 37.2% |
| Unrestricted surplus (deficit) after depreciation | $1,297,165 | -$2,402,307 | $12,483,403 | -$9,662,112 | $3,655,229 |
| As % of expenses | 14.5% | -19.4% | 105.2% | -88.0% | 37.2% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $12,714,910 | $11,299,279 | $14,369,808 | $10,804,915 | $22,215,260 |
| Total revenue, % change over prior year | 53.5% | -11.1% | 27.2% | -24.8% | 105.6% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 7.5% | 10.0% | 8.4% | 9.4% | 5.7% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 76.0% | 74.5% | 72.8% | 77.3% | 46.1% |
| Other revenue | 16.5% | 15.5% | 18.8% | 13.3% | 48.2% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $8,926,098 | $12,382,582 | $11,861,159 | $10,979,022 | $9,821,181 |
| Total expenses, % change over prior year | 17.4% | 38.7% | -4.2% | -7.4% | -10.5% |
| Personnel | 4.6% | 3.6% | 4.2% | 5.2% | 6.0% |
| Professional fees | 3.7% | 2.3% | 2.7% | 2.5% | 2.4% |
| Occupancy | 0.4% | 0.3% | 0.3% | 0.4% | 0.4% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 80.3% | 83.4% | 83.3% | 81.5% | 77.9% |
| All other expenses | 11.0% | 10.5% | 9.6% | 10.4% | 13.2% |
| Full cost components (estimated) info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $8,927,892 | $12,384,387 | $11,862,434 | $10,980,135 | $9,823,179 |
| One month of savings | $743,842 | $1,031,882 | $988,430 | $914,919 | $818,432 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $331,462 | $16,751 | $13,486,615 | $0 | $11,443 |
| Total full costs (estimated) | $10,003,196 | $13,433,020 | $26,337,479 | $11,895,054 | $10,653,054 |
Capital structure indicators
| Liquidity info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Months of cash | 2.0 | 0.7 | 0.5 | 0.8 | 1.7 |
| Months of cash and investments | 98.8 | 65.8 | 79.3 | 114.1 | 151.7 |
| Months of estimated liquid unrestricted net assets | -5.1 | -6.0 | -7.3 | 1.8 | 6.5 |
| Balance sheet composition info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Cash | $1,499,110 | $751,196 | $455,814 | $721,995 | $1,381,253 |
| Investments | $71,957,693 | $67,149,513 | $77,948,112 | $103,629,217 | $122,776,566 |
| Receivables | $31,745 | $0 | $323,474 | $167,457 | $148,802 |
| Gross land, buildings, equipment (LBE) | $9,283,844 | $9,300,595 | $22,780,076 | $4,248,998 | $4,260,440 |
| Accumulated depreciation (as a % of LBE) | 0.7% | 0.8% | 0.3% | 1.6% | 1.6% |
| Liabilities (as a % of assets) | 8.8% | 9.1% | 8.4% | 9.1% | 9.1% |
| Unrestricted net assets | $5,406,055 | $3,003,748 | $15,487,151 | $5,825,039 | $9,480,268 |
| Temporarily restricted net assets | $33,800,850 | $30,091,475 | N/A | N/A | N/A |
| Permanently restricted net assets | $36,290,749 | $37,112,201 | N/A | N/A | N/A |
| Total restricted net assets | $70,091,599 | $67,203,676 | $77,450,060 | $93,002,162 | $107,395,966 |
| Total net assets | $75,497,654 | $70,207,424 | $92,937,211 | $98,827,201 | $116,876,234 |
Key data checks
| Key data checks info | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President & CEO
Mrs. Karen W. Selim
Number of employees
Source: IRS Form 990
COASTAL BEND COMMUNITY FOUNDATION
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
COASTAL BEND COMMUNITY FOUNDATION
Board of directorsas of 10/13/2023
Board of directors data
Mrs. Karen O'Connor Urban
No Affiliation
Term: 2022 -
Jennifer Vogt
Pamela Brower
Richard Scanio
Michelle Unda
Sarah Fisher
Richard Leshin
Hon. John Martinez
Karen O'Conner Urban
Paula Dean
Amanda Kellar
Laura Fischer
Kirkby Townsend
Hon. Karin Knolle
Brad Womack
Louise Aduddell
Nan Linney
Wes Hoskins
Ken Griffin
Al Jones
Joe McComb
Dr. Osbert Blow
James H Clement III
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 08/23/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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- Contractor and/or Paid Preparer data for 2021, 2020, 2019
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