College of Coastal Georgia Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To develop resources to support the College in providing quality education. The Foundation also serves as an advocate within the Coastal Georgia community to further the goals of the College.
- Income
- $3.4 million
- Spending
- $2.7 million
- Spent on programs
- 89%
- Reserves
- 11.8 months of spending
- Largest source of income
- donations and private grants, 76%
- Employees
- 0
- Volunteers
- 41
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 83% of charities in its peer group (education, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 11.8 months of spending.
Debt
20 of 20It owes 3% of what it owns.
Living within its means
15 of 15Income exceeded spending by 20% of income.
Income trend
15 of 15Income rose 5% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 74% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 2541 of 41 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $1.1 million spent. Academic Programming: Quality faculty are the cornerstone of higher education. The College's ability to recruit and retain outstanding academic talent ensures its status in and contributions to higher education. With shrinking public funds and increasing performance demands, the Foundation secures funding to support faculty learning, research, scholarship, and innovation. Currently there are forty-five diverse funds maintained for these purposes. These funds support all educational programs at the College and most notably in 2024, Nursing Curriculum, Nursing Clinical Assistants, Radiology X-Ray Program, The Lucas Center for Entrprenuership, and Cyber-Security. The Foundation seeks to establish new sources of faculty support annually and works to reach a support range of 20 to 30 percent of the annual budget.
- $700,833 spent. Academic Scholarship: Merit scholarships and targeted academic incentives are important tools in recruitment and retention of top notch students. The Foundation is committeed to continuing awards of full or partial scholarhips at meaningful funding levels to five percent of more of total enrollment. To attract and retain outstanding students, the Foundation will continue to consider innovative scholarship and support programs such as the Moore Scholars, the Brenda and Mac Nease Foundation Scholarships, and the Hites/Dinos Scholarships. The majority of the Foundation's sixty eight endowment funds support scholarships. In the 2023-2024 Academic year the Foundation made 977 scholarship awards to approximately 862 students.
- $514,174 spent. Campus Programming/Student Life including Athletics and General Operations: The college experience is heightened through quality extra-and co-curricular activities. The Foundation sustains arts and cultural experieinces, lecture series, social gatherings, and career development opportunities that serve to expand the horizons of students, faculty and staff, and to provide enrichment for the community at large. Campus Programming/Student Life funds include: the Coastal Georgia Minority Outreach Program, Let's Talk Coastal, the Theatre fund, Veteran Funds, a Campus Pantry, and a Student Publications fund (Seaswell's). Athletic funds include support for the Athletic Department, Athletic scholarships, and support for the seven inter-scholastic college sports teams. (continued at Schedule O)While cultivating significant named giving, the Foundation's goal is at least 20 percent of the annual budget for campus programming/student life and athletic programming. The Foundation also supports general operations expenses which should be under 10 percent of the annual budget.
- $79,120 spent. Other Program Services: Housing/Capital Expansion: Student housing and additional instructional facilities remain critical for the College's expansion and growth. The Foundation looks to support new and improved facilities and the future phases of student housing. Currently, the Foundation owns and operates Coastal Place Apartments, which is an 132 student off-campus housing unit in conjuction with the College's residential housing program. The Foundation also maintains a kitchen lab in downtown Brunswick to expand instruction for the College's Culinary Arts program and provide more cooperative education experiences for it's students. There are various naming opportunities through capital donations for new and existing campus buildings and infastructure (e.g., walkways, water features, laboratories, student meeting areas) that can be targeted for future solicitations.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1968.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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