Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1978.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
60 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $880K paid to officers and key staff.
Elisabeth Biemann’s $260K as Chief Executive Officer is at the 68th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Elisabeth Biemann | $260,315 | $258,235 | $219,437 | $205,275 | $194,899 | $178,742 |
| Keith Bisson | $242,308 | $219,647 | $222,590 | $194,198 | $186,465 | $180,720 |
| Teresa Jankovic | $236,704 | $185,027 | $106,550 | — | — | — |
| David Wedick | — | — | — | $176,380 | $176,177 | $169,269 |
| Daniel Wallace | $165,446 | $154,214 | $119,391 | $107,155 | — | — |
| Jennifer Sporzynski | $153,248 | $127,305 | $116,982 | $110,904 | $102,141 | — |
| Jesse Cole | — | — | — | — | $135,827 | $130,593 |
| Laura Buxbaum | $121,882 | $111,783 | $108,303 | $103,239 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II12 listed
Programs and updates
Provides financing, business advising, and job training to stimulate economic growth, affordable housing, and sustainable enterprises in low-income communities.
Questions for Coastal Enterprises INC
Your first name shows with your question. Coastal Enterprises INC answers here, for everyone.
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To help create opportunities for communities and individuals, especially those with low incomes, by developing and administering programs and mobilizing funds to stimulate economic activity through investment, technical assistance, research and education primarily in small businesses, social services, affordable housing and community…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $23.6M | $23.4M |
| InvestmentsLn 11–13 | $12.5M | $4.8M |
| Land, buildings, equipmentLn 10c | $7.5M | $10.2M |
| Total assetsLn 16 | $105.7M | $99.6M |
| LiabilitiesLn 26 | $64.0M | $65.0M |
| Net assetsLn 32 | $41.8M | $34.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8K | $8K | ||
| Pay of current officers, directors and key staffLn 5 | $606K | $305K | $265K | $36K |
| Other salaries and wagesLn 7 | $4.5M | $2.3M | $2.0M | $269K |
| Pension plan contributionsLn 8 | $192K | $97K | $84K | $11K |
| Other employee benefitsLn 9 | $891K | $449K | $389K | $53K |
| Legal feesLn 11b | $140K | $36K | $105K | |
| Accounting feesLn 11c | $200K | $51K | $149K | |
| Lobbying feesLn 11d | $16K | $16K | ||
| Investment management feesLn 11f | $18K | $18K | ||
| Other fees for servicesLn 11g | $1.5M | $804K | $634K | $72K |
| Advertising and promotionLn 12 | $76K | $26K | $30K | $20K |
| Office expensesLn 13 | $288K | $16K | $271K | $172 |
| Information technologyLn 14 | $234K | $13K | $220K | $140 |
| OccupancyLn 16 | $249K | $175K | $61K | $13K |
| TravelLn 17 | $58K | $20K | $23K | $15K |
| Conferences, conventions and meetingsLn 19 | $40K | $13K | $16K | $11K |
| InterestLn 20 | $1.6M | $1.6M | ||
| Depreciation, depletion and amortizationLn 22 | $382K | $268K | $94K | $20K |
| InsuranceLn 23 | $119K | $84K | $29K | $6K |
| Other expenses (24a–d)Ln 24 | $1.1M | $1.0M | $31K | $12K |
| All other expensesLn 24e | $54K | $49K | $5K | |
| Total functional expensesLn 25 | $12.3M | $7.4M | $4.4M | $539K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $19.9M | $23.2M | −$3.3M | $56.4M | 990 PDF |
| FY2024 | $39.9M | $23.7M | $16.2M | $59.7M | 990 PDF |
| FY2023 | $22.6M | $18.7M | $4.0M | $43.5M | 990 PDF |
| FY2022 | $13.6M | $12.9M | $712K | $39.6M | 990 PDF |
| FY2021 | $43.5M | $28.6M | $14.8M | $41.1M | 990 PDF |
| FY2020 Viewing | $12.0M | $12.3M | −$284K | $34.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $12,013,440 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, no flags
Part VIII · Statement of revenue $12,013,440 across 9 lines filed
Part IX · Statement of functional expenses $12,297,218 across 21 lines filed
Part X · Balance sheet $99,554,541 assets, 17 lines filed
Part XI · Reconciliation of net assets $34,554,061 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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