Coastpride INC EIN 84-2227224 Form 990 (PDF) Claim this org

Coastpride INC FY2024 filing

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Improves support and visibility for LGBTQ+ individuals and families. For fiscal year 2024 it reported $591K in revenue, $242K in expenses, and $508K in net assets.Pt I

Founded
2019
Type
Public charity (501(c)(3)) · Mental Health
Location
Half Moon Bay, CA
Website
www.coastpride.org
Filings
6 on file (2020–2024)
Revenue
$591KFY2024
Expenses
$242K
Net assets
$508K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  84-2227224 Public charity (501(c)(3)) Half Moon Bay, CA Founded 2019
Form 990 (PDF)
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Size
$1–10M
What they do
Improves support and visibility for LGBTQ+ individuals and families.
Leadership
Brandon Ferrell · Incumbent Tr
Money in and out
$591K revenue, $242K expenses
Bottom line
6% program efficiency
Where the money goes · FY2024
Total revenue
$591K
Pt VIII · Ln 12
Total expenses
$242K
Pt IX · Ln 25
Net assets
$508K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $349K
Where spending went · Part IX cols B–D
Program services $0.06 Management & general $0.94
Program efficiency
6%
of spending reaches programs
Operating runway
25.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+59%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$591K
FY2024▲ +245%
Expenses
$242K
FY2024
Total assets
$508K
FY2024
Total liabilities
$0
FY2024
Total revenue
$591K
Pt VIII · Ln 12
Total expenses
$242K
Pt IX · Ln 25
Net assets
$508K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$349K
Total assetsPt X · Ln 16$508K
Program-expense ratioPt IX · col B6%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCoastpride INC
EINHdr · item D84-2227224
Principal addressHdr · item CHalf Moon Bay, CA
WebsiteHdr · item Jwww.coastpride.org
Year of formationHdr · item L2019
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F60)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Incumbent Tr
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Laura Cartwright’s $33K as Executive Di is at the 2nd percentile of top reported officer pay among 1683 $1–10M mental health 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $13K of program spending, described in the organization's own filed words · FY2024.
01

Health and Wellness Program-

LGBTQ+ spanish language one-on-one telehealth counseling - LGBTQ+ youth groups: middle school and high school social groups - LGBTQ+ families groups - LGBTQ+ older adults support groups - youth counseling - regular social events at the pride center: like movie night, book club, interfaith gatherings and more - wellness yoga - monthly…

$13Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$591K
Total revenueLn 12$591K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.06 Management & general $0.94
Program services6%$13K
Management & general94%$229K
Total functional expensesLn 25$242K

Balance Sheet

Part X · end of year
CashLn 1$506K
Total assetsLn 16$508K
Total liabilitiesLn 26$0
Total net assetsLn 32$508K
Months of cash on handcomputed25.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $506K · Operating expenses/yr $242K
25.1 months
Where the money goes
Program services
Program services $13K · Total expenses $242K
6%
Management & General
Management & general $229K · Total expenses $242K
94%
Fundraising
Fundraising $0 · Total expenses $242K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $591K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $591K · Total revenue $591K
100%
Government reliance
Government grants — · Total revenue $591K
Earned-income share
Program service revenue $0 · Total revenue $591K
0%
Investment reliance
Investment income $0 · Total revenue $591K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $242K
0%
Growth & trend
Revenue growth (YoY)
This year $591K · Prior year $171K
+245%
Revenue CAGR
FY2020 $78K · FY2024 $591K
+66%
Net-asset trend (YoY)
End of year $508K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $591K · Expenses $242K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $508K
Net-asset ratio
Net assets $508K · Total assets $508K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $508K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brandon Ferrell · Reported title INCUMBENT TR · Highest reported compensation $0 · Total expenses $242K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $97K · Total expenses $242K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 6%
Overhead ratio 94%
Fundraising cost ratio 0%
Revenue growth 245%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.6M revenue · ⤓ 990 PDF
FY2024$591K revenue · viewing · ⤓ 990 PDF
FY2023$171K revenue · ⤓ 990 PDF
FY2022$170K revenue · ⤓ 990 PDF
FY2021$119K revenue · ⤓ 990 PDF
FY2020$78K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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