Coastal Bend College Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE COASTAL BEND COLLEGE FOUNDATION IS A FINANCIALLY EMPOWERED NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO IMPROVE THE FISCAL STABILITY AND VISIBILITY OF COASTAL BEND COLLEGE. THE MISSION TO FUND INSPIRED CURRICULUM, FACULTY DEVELOPMENT, BUILDING MODERNIZATION AND INNOVATIVE STUDENT SERVICES PROJECTS TO ENABLE COASTAL BEND COLLEGE TO CONTINUE TO MEET THE DYNAMIC EDUCATIONAL AND ECONOMIC NEEDS OF THE STUDENTS, COMMUNITIES AND INDUSTRIES IT SERVES. THE COASTAL BEND COLLEGE FOUNDATION, INC. ESTABLISHED IN 2000 FOR THE SOLE PURPOSE OF ASSISTING THE COLLEGE IN PERFORMING ITS MISSION, RECEIVES AND ADMINISTERS PRIVATE GIFTS, BEQUESTS AND DONATIONS TO BENEFIT COASTAL BEND COLLEGE STUDENTS AND TO ENHANCE THE QUALITY OF TEACHING AND LEARNING AT THE COLLEGE. GIFTS TO THE FOUNDATION SUPPORT PROGRAMS AND ACTIVITIES NOT FUNDED THROUGH TRADITIONAL SOURCES. AT THE SAME TIME, THE FOUNDATION PROVIDES ASSISTANCE TO DONORS THROUGH COMPREHENSIVE PROGRAM OF TAX-WISE ALTERNATIVES THROUGH PLANNED GIVING.
- Income
- $400,171
- Spending
- $262,237
- Spent on programs
- 83%
- Reserves
- 51.8 months of spending
- Largest source of income
- donations and private grants, 77%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending August 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 79% of charities in its peer group (philanthropy, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 51.8 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
15 of 15Income exceeded spending by 34% of income.
Income trend
15 of 15Income rose 24% on the year before.
Spending floor
15 of 1583% of spending went to programs and raising each dollar of donations cost 15 cents.
Source: Form 990 for the year ending August 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 84 out of 100. Higher than 66% of charities in its peer group (philanthropy, $250k to $1m).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no 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 August 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 (1)
- $216,502 spent. COASTAL BEND COLLEGE FOUNDATION WAS ESTABLISHED FOR THE PURPOSE OF ENHANCING THE QUALITY AND TEACHING AT THE COLLEGE BY USING THE BEQUESTS AND DONATIONS RECEIVED BY FUNDING THESE DIFFERENT PROJECTS. THE FOUNDATION HELPS COASTAL BEND COLLEGE MEET THE NEEDS OF THE STUDENTS, COMMUNITIES AND INDUSTRIES IT SERVES.
Source: Form 990 for the year ending August 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 September 7, 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 September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.