College Of Coastal Georgia Foundation Inc

Nonprofit profile at a glance

EIN
586072323
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Brunswick, GA, USA
Phone
9122795744
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Reported finances

Revenue
$3,393,150
Expenses
$2,726,941
Assets
$28,574,223
Liabilities
$922,511

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

45 people listed

People named in this filing

  • Hillary Stringfellow (Chair)
  • Daren Pietsch (Vice Chair)
  • Glenn Hansen (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.7%; rating input score 80
  • Program expense ratio: 88.5%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.6%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 10.48; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 79.7% of revenue deployed · 88.5% of spending went to programs
  • Governance: 41 of 41 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $0 · 45 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.