Nonprofit · EIN 57-0354696
COASTAL EDUCATIONAL FOUNDATION INCORPORATED
Tax-exempt · MYRTLE BEACH, SC 29588
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,732,971 | $3,322,260 | $410,711 | $90,183,634 | $6,685,632 | $83,498,002 |
| June 30, 2024 | 990 | $3,952,153 | $7,551,319 | -$3,599,166 | $82,307,025 | $6,573,664 | $75,733,361 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,094,633
- Membership dues
- $835
- Program service revenue
- $0
- Investment income
- $1,283,949
- Royalties
- $6,507
- Net rental income
- $481,011
- Net gain from sales of assets
- $989,354
- Net income from fundraising events
- -$135,368
- Other revenue
- $354,389
Expenses
- Grants and similar amounts paid
- $2,455,710
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $36,210
- Accounting fees
- $30,000
- Depreciation
- $15,667
- Program services (functional)
- $2,948,226
- Management and general (functional)
- $374,034
Balance sheet and other
- Total assets, start of year
- $82,307,025
- Total assets, end of year
- $90,183,634
- Total liabilities, end of year
- $6,685,632
- Net assets, end of year
- $83,498,002
- Land, buildings and equipment
- $6,046,535
- Publicly traded securities
- $72,629,538
- Net assets without donor restrictions
- $12,941,989
- Net assets with donor restrictions
- $70,556,013
- Gross receipts
- $4,009,179
- Employees
- 0
- Volunteers
- 28
- Year formed
- 1954
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRISTOPHER JOHNSON | EXECUTIVE DIRECTOR Officer | 40 | $0 | $180,722 |
| TONY K COX | MEMBER Trustee or director | 0.3 | $0 | $0 |
| MICHAEL F HAGG | PAST CHAIRMAN Trustee or director | 0.3 | $0 | $0 |
| CHRISTOPHER ST JOHN | VICE CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| E LAWTON BENTON | MEMBER Trustee or director | 0.3 | $0 | $0 |
| FRANKLIN C BLANTON | MEMBER Trustee or director | 0.3 | $0 | $0 |
| MERRILL T BOYCE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| T PRESTON BROWN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| O BARTLETT BUIE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| DAVID D DOUGLAS | MEMBER Trustee or director | 0.3 | $0 | $0 |
| W JENNINGS DUNCAN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| EDGAR L DYER III | MEMBER Trustee or director | 0.3 | $0 | $0 |
| DENNIS L WADE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| J STEWART HASKIN JR | MEMBER Trustee or director | 0.3 | $0 | $0 |
| JODY C HYDEN | MEMBER Trustee or director | 0.3 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER S HUGGINS | CHAIRMAN Trustee or director, Officer | 0.3 | $0 |
| WILLIAM O MARSH | MEMBER Trustee or director | 0.3 | $0 |
| JAMES B MOORE JR | MEMBER Trustee or director | 0.3 | $0 |
| MICHAEL D PRUITT | MEMBER Trustee or director | 0.3 | $0 |
| JOSEPH F SINGLETON | MEMBER Trustee or director | 0.3 | $0 |
| DEBORAH VROOMAN | MEMBER Trustee or director | 0.3 | $0 |
| E CRAIG WALL III | MEMBER Trustee or director | 0.3 | $0 |
| MELODY JE BREEDEN | MEMBER Trustee or director | 0.3 | $0 |
| JOHN M DRAUGHN | MEMBER Trustee or director | 0.3 | $0 |
| CHRISTY S EVERETT-HOLDER | MEMBER Trustee or director | 0.3 | $0 |
| BRIAN J ARGO | MEMBER Trustee or director | 0.3 | $0 |
| DAVID W SAGE | SECRETARY/TREASURER Trustee or director, Officer | 0.3 | $0 |
| RUTHIE S KEARNS | MEMBER Trustee or director | 0.3 | $0 |
| BRET H DAVIS | MEMBER Trustee or director | 0.3 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRISTOPHER JOHNSON | EXECUTIVE DIRECTOR Officer | 40 | $0 | $159,744 |
| TONY K COX | PAST CHAIRMAN Trustee or director | 0.3 | $0 | $0 |
| MICHAEL F HAGG | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| CHRISTOPHER ST JOHN | VICE CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| E LAWTON BENTON | MEMBER Trustee or director | 0.3 | $0 | $0 |
| FRANKLIN C BLANTON | MEMBER Trustee or director | 0.3 | $0 | $0 |
| MERRILL T BOYCE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| T PRESTON BROWN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| O BARTLETT BUIE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| DAVID D DOUGLAS | MEMBER Trustee or director | 0.3 | $0 | $0 |
| W JENNINGS DUNCAN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| EDGAR L DYER III | MEMBER Trustee or director | 0.3 | $0 | $0 |
| DENNIS L WADE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| J STEWART HASKIN JR | MEMBER Trustee or director | 0.3 | $0 | $0 |
| KEITH C HINSON | MEMBER Trustee or director | 0.3 | $0 | $0 |
| JODY C HYDEN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| CHRISTOPHER S HUGGINS | SECRETARY/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| WILLIAM O MARSH | MEMBER Trustee or director | 0.3 | $0 | $0 |
| JAMES B MOORE JR | MEMBER Trustee or director | 0.3 | $0 | $0 |
| MICHAEL D PRUITT | MEMBER Trustee or director | 0.3 | $0 | $0 |
| JOSEPH F SINGLETON | MEMBER Trustee or director | 0.3 | $0 | $0 |
| CARL O FALK | MEMBER Trustee or director | 0.3 | $0 | $0 |
| ROGER GRIGG | MEMBER Trustee or director | 0.3 | $0 | $0 |
| DEBORAH VROOMAN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| E CRAIG WALL III | MEMBER Trustee or director | 0.3 | $0 | $0 |
| MELODY JE BREEDEN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| JOHN M DRAUGHN | MEMBER Trustee or director | 0.3 | $0 | $0 |
| CHRISTY S EVERETT | MEMBER Trustee or director | 0.3 | $0 | $0 |
| BRIAN J ARGO | MEMBER Trustee or director | 0.3 | $0 | $0 |
| DAVID W SAGE | MEMBER Trustee or director | 0.3 | $0 | $0 |
| RUTHIE S KEARNS | MEMBER Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9007 HIGHWAY 544 STE A, MYRTLE BEACH, SC 29588-9224
- Principal officer (990 for 2024)
- CHRISTOPHER JOHNSON, PO BOX 261954, CONWAY, SC 29528
- Signed the 990
- CHRISTOPHER JOHNSON, EXECUTIVE DIRECTOR
- Phone
- (843) 349-2981
- Website
- WWW.COASTAL.EDU/CEF
- Return prepared by
- WEBSTERROGERS LLP
Mission
TO PROVIDE SUPPORT TO COASTAL CAROLINA UNIVERSITY THROUGH CHARITABLE DONATIONS RECEIVED PRIMARILY FROM INDIVIDUAL DONORS.
Program accomplishments
- UNIVERSITY SUPPORT - THE FOUNDATION PROVIDES SALARY ENRICHMENT AND BENEFITS TO ATTRACT AND RETAIN TOP ADMINISTRATION.Expenses $845,190 · grants $372,291
- PROGRAM SUPPORT - THE FOUNDATION FUNDS CHAIRS AND PROFESSORSHIPS FOR THE VARIOUS COLLEGES AND PROVIDES FUNDING FOR MANY OF THE RENOWNED PROGRAMS THAT HAVE LED COASTAL CAROLINA UNIVERSITY TO BE RECOGNIZED AS ONE OF "AMERICA'S 100 BEST COLLEGE BUYS" FOR ELEVEN CONSECUTIVE YEARS. ALSO, COASTAL CAROLINA UNIVERSITY IS RANKED SIXTH IN THE BEST VALUE CATEGORY FOR SOUTHERN REGIONAL UNIVERSITIES IN THE 2021 EDITION OF THE U.S. NEWS AND WORLD REPORT "BEST COLLEGE" ANNUAL RANKINGS.Expenses $1,104,167 · grants $1,084,550
- SCHOLARSHIPS - THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS MEETING VARYING CRITERIA THROUGH BOTH ENDOWMENTS AND ANNUAL CONTRIBUTIONS.Expenses $998,869 · grants $998,869
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0354696
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1958
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $90,183,634
- Income (IRS master file)
- $4,009,179
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,732,971 | $3,322,260 | $90,183,634 | XML |
| 990 | June 2024 | $3,952,153 | $7,551,319 | $82,307,025 | IRS |
| 990 | June 2023 | $5,236,617 | $3,320,748 | $74,413,716 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0354696).
Questions about COASTAL EDUCATIONAL FOUNDATION INCORPORATED
- What is the EIN of COASTAL EDUCATIONAL FOUNDATION INCORPORATED?
- The employer identification number (EIN) of COASTAL EDUCATIONAL FOUNDATION INCORPORATED is 57-0354696.
- Is COASTAL EDUCATIONAL FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to COASTAL EDUCATIONAL FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COASTAL EDUCATIONAL FOUNDATION INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COASTAL EDUCATIONAL FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COASTAL EDUCATIONAL FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COASTAL EDUCATIONAL FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 names CHRISTOPHER JOHNSON.
- Who are the officers and directors of COASTAL EDUCATIONAL FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 29 people; 0 received compensation from the organization.
- How much revenue does COASTAL EDUCATIONAL FOUNDATION INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,732,971, expenses of $3,322,260 and total assets of $90,183,634 at year end.
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