Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 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
28 people listed on the 990; $337K paid to officers and key staff.
Karen W Selim’s $260K as President an is at the 58th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Karen W Selim | $260,000 | $210,000 | $210,000 | $178,500 | $173,000 |
| Alyssa Monette | $132,500 | $111,000 | $104,800 | $94,600 | $90,522 |
| Tracy Ramirez | $102,500 | $88,500 | $83,800 | $75,300 | $73,250 |
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
Programs and updates
Improves the quality of life in coastal Texas by providing charitable grants, educational funding, and organizing large-scale community fundraising events for local nonprofits.
Questions for Coastal Bend Community Foundation
Your first name shows with your question. Coastal Bend Community Foundation answers here, for everyone.
Know this org? Add your story
The foundation makes grants to nonprofit organizations to improve the quality of life in the coastal bend area of texas from unrestricted, field-of-interest, designated, special project and donor advised funds.
On november 10, 2020 the foundation had a one 24 hour period of online giving of donations called the "coastal bend day of giving", where donors matched the first 1.2 million collected for 50 nonprofits in the coastal bend service area.
The foundation provides scholarships and fellowships to students in accordance with the terms of the approximate 100 scholarship and fellowship funds.
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 | $456K | $722K |
| InvestmentsLn 11–13 | $77.9M | $103.6M |
| Land, buildings, equipmentLn 10c | $22.7M | $4.2M |
| Total assetsLn 16 | $101.5M | $108.8M |
| LiabilitiesLn 26 | $8.6M | $9.9M |
| Net assetsLn 32 | $92.9M | $98.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.4M | $8.4M | ||
| Grants to domestic individualsLn 2 | $512K | $512K | ||
| Pay of current officers, directors and key staffLn 5 | $372K | $110K | $168K | $95K |
| Other salaries and wagesLn 7 | $138K | $69K | $62K | $7K |
| Pension plan contributionsLn 8 | $5K | $3K | $2K | $256 |
| Other employee benefitsLn 9 | $16K | $8K | $7K | $794 |
| Payroll taxesLn 10 | $37K | $11K | $16K | $9K |
| Management feesLn 11a | $7K | $7K | ||
| Legal feesLn 11b | $10K | $10K | ||
| Accounting feesLn 11c | $30K | $30K | ||
| Investment management feesLn 11f | $229K | $229K | ||
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $23K | $10K | $10K | $2K |
| Information technologyLn 14 | $45K | $20K | $20K | $4K |
| OccupancyLn 16 | $41K | $18K | $18K | $4K |
| TravelLn 17 | $3K | $1K | $1K | $292 |
| Conferences, conventions and meetingsLn 19 | $7K | $7K | ||
| InterestLn 20 | $42 | $42 | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $1.1M | $1.0M | $9K | $52 |
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $11.0M | $10.5M | $383K | $127K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $15.3M | $11.9M | $3.4M | $140.6M | 990 PDF |
| FY2023 | $18.5M | $11.4M | $7.1M | $126.2M | 990 PDF |
| FY2022 | $13.9M | $10.9M | $3.0M | $107.3M | 990 PDF |
| FY2021 | $22.2M | $9.8M | $12.4M | $116.9M | 990 PDF |
| FY2020 Viewing | $10.8M | $11.0M | −$175K | $98.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $10,804,915 revenue, 12 lines filed
Part VI · Governance 25 of 25 board members independent, no flags
Part VIII · Statement of revenue $10,804,915 across 11 lines filed
Part IX · Statement of functional expenses $10,980,135 across 22 lines filed
Part X · Balance sheet $108,771,206 assets, 17 lines filed
Part XI · Reconciliation of net assets $98,827,201 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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