Nonprofit · EIN 74-2190039
COASTAL BEND COMMUNITY FOUNDATION
Tax-exempt · CORP CHRISTI, TX 78401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,309,262 | $11,928,954 | $3,380,308 | $154,639,110 | $14,063,323 | $140,575,787 |
| December 31, 2023 | 990 | $18,483,344 | $11,419,641 | $7,063,703 | $138,723,755 | $12,562,641 | $126,161,114 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,566,029
- Program service revenue
- $0
- Investment income
- $6,084,202
- Royalties
- $1,351,987
- Net gain from sales of assets
- $3,695,634
- Net income from fundraising events
- -$146,694
- Other revenue
- $2,659,031
Expenses
- Grants and similar amounts paid
- $8,964,199
- Compensation of officers, directors and key employees
- $546,980
- Other salaries and wages
- $219,217
- Salaries, compensation and benefits (total)
- $843,147
- Professional fundraising fees
- $0
- Accounting fees
- $32,700
- Occupancy
- $41,271
- Travel
- $458
- Depreciation
- $4,971
- Program services (functional)
- $11,105,949
- Management and general (functional)
- $604,739
- Fundraising (functional)
- $218,266
Balance sheet and other
- Total assets, start of year
- $138,723,755
- Total assets, end of year
- $154,639,110
- Total liabilities, end of year
- $14,063,323
- Net assets, end of year
- $140,575,787
- Land, buildings and equipment
- $8,560,729
- Publicly traded securities
- $144,896,643
- Net assets without donor restrictions
- $13,117,951
- Net assets with donor restrictions
- $127,457,836
- Gross unrelated business income
- $22,243
- Gross receipts
- $35,379,321
- Employees
- 8
- Year formed
- 1980
- State of legal domicile
- TX
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN W SELIM | PRESIDENT AN Officer | 40 | $260,000 | $25,464 |
| ALYSSA MONETTE | DIRECTOR OF Officer | 40 | $132,500 | $18,263 |
| TRACY RAMIREZ | DIRECTOR OF Officer | 40 | $102,500 | $14,100 |
| RICHARD SCANIO | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HON KARIN KNOLLE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAMELA BROWER | TREASURER/FI Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD LESHIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KAREN O'CONNOR URBAN | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN GRIFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AL JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HON JOE MCCOMB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE UNDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAULA DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA KELLAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA FISCHER | DIRECTOR Trustee or director | 1 | $0 |
| KIRKBY TOWNSEND | DIRECTOR Trustee or director | 1 | $0 |
| DR OSBERT BLOW | DIRECTOR Trustee or director | 1 | $0 |
| JAMES H CLEMENT III | DIRECTOR Trustee or director | 1 | $0 |
| BRAD WOMACK | DIRECTOR Trustee or director | 1 | $0 |
| LOUISE ADUDDELL | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH BAUER | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN TAGGART | DIRECTOR Trustee or director | 1 | $0 |
| KELLY WHATLEY | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA EISENHAUER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN W SELIM | PRESIDENT AN Officer | 40 | $210,000 | $23,371 |
| ALYSSA MONETTE | DIRECTOR OF Officer | 40 | $111,000 | $15,936 |
| TRACY RAMIREZ | DIRECTOR OF Officer | 40 | $88,500 | $7,142 |
| KAREN O'CONNOR URBAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINA MICHELLE UNDA | VICE CHAIR/G Trustee or director, Officer | 1 | $0 | $0 |
| KIRKBY TOWNSEND | TREASURER/FI Trustee or director, Officer | 1 | $0 | $0 |
| PAULA DEAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KRYSTAL THOMASSON | ASST SECRETA Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER VOGT | PAST CHAIR/N Trustee or director, Officer | 1 | $0 | $0 |
| PAMELA BROWER | AUDIT CHAIR Trustee or director | 1 | $0 | $0 |
| RICHARD SCANIO | INVESTMENT C Trustee or director | 1 | $0 | $0 |
| SARAH FISHER | SCHOLARSHIPS Trustee or director | 1 | $0 | $0 |
| KEN GRIFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AL JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LESHIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HON JOHN MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE MCCOMB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA KELLAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETTY STILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA FISCHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HON KARIN KNOLLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD WOMACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUISE ADUDDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NAN LINNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WES HOSKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IRENE IREY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA EISENHAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAJOR JAMES CLEMENT III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR OSBERT BLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 N CARANCAHUA ST STE 900, CORP CHRISTI, TX 78401-0834
- Principal officer (990 for 2024)
- KAREN W SELIM, 555 N CARANCAHUA STE 900, CORPUS CHRISTI, TX 78401
- Signed the 990
- KAREN W SELIM, PRESIDENT AND CEO
- Phone
- (361) 882-9745
- Website
- WWW.CBCFOUNDATION.ORG
- Return prepared by
- GOWLAND MORALES & SMITH PLLC
Mission
TO ENHANCE THE QUALITY OF LIFE IN THE COASTAL BEND AREA OF TEXAS THROUGH CHARITABLE AND EDUCATIONAL GRANTS.
Program accomplishments
- 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.Expenses $6,404,726 · grants $4,369,178
- THE FOUNDATION PROVIDES SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS IN ACCORDANCE WITH THE TERMS OF THE APPROXIMATE 100 SCHOLARSHIP AND FELLOWSHIP FUNDS.Expenses $623,018 · grants $569,917
- ON NOVEMBER 12, 2024 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 1.5 MILLION COLLECTED FOR 63 NONPROFITS IN THE COASTAL BEND SERVICE AREA. THE TOTAL AMOUNT GRANTED TO THE 63 NONPROFITS WAS 4,275,104 WHICH PROVIDED ASSISTANCE TO OVER 63,200 COASTAL BEND RESIDENTS.Expenses $4,078,205 · grants $4,025,104
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2190039
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $154,639,110
- Income (IRS master file)
- $35,379,321
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,309,262 | $11,928,954 | $154,639,110 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $18,483,344 | $11,419,641 | $138,723,755 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $13,893,465 | $10,905,468 | $119,021,065 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 74-2190039).
Questions about COASTAL BEND COMMUNITY FOUNDATION
- What is the EIN of COASTAL BEND COMMUNITY FOUNDATION?
- The employer identification number (EIN) of COASTAL BEND COMMUNITY FOUNDATION is 74-2190039.
- Is COASTAL BEND COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to COASTAL BEND COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COASTAL BEND COMMUNITY FOUNDATION 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 BEND COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COASTAL BEND COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COASTAL BEND COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names KAREN W SELIM.
- Who are the officers and directors of COASTAL BEND COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 25 people; 3 received compensation from the organization, the highest $260,000 (KAREN W SELIM, PRESIDENT AN).
- How much revenue does COASTAL BEND COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,309,262, expenses of $11,928,954 and total assets of $154,639,110 at year end.
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