COASTAL BEND COLLEGE FOUNDATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: COASTAL BEND COLLEGE FOUNDATION (EIN 74-2991996)
Tax period: 2010-09-01 to 2011-08-31
Filed: 2012-04-16
IRS object ID: 201231079349300918
Schema version: 2010v3.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-04-16T14:25:57-05:00	Timestamp
Tax Period End Date	2011-08-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LOVVORN & KIESCHNICK LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	418 PEOPLES STE 308	AddressLine1
City	CORPUS CHRISTI	City
State	TX	State
ZIP Code	784012350	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-09-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	742991996	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	COASTAL BEND COLLEGE FOUNDATIONINC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	COAS	NameControl
Phone	3613542267	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3800 CHARCO ROAD	AddressLine1
City	BEEVILLE	City
State	TX	State
ZIP Code	78102	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	HARVEY HARDWICK	Name
Title	PRESIDENT	Title
Phone	3613542267	Phone
Date Signed	2012-04-16	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	FRANK LOVVORN	Name
Phone	3618848897	Phone
Date Prepared	2012-04-16	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	HARVEY HARDWICK	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3800 CHARCO ROAD	AddressLine1
City	BEEVILLE	City
State	TX	State
ZIP Code	78102	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	26051	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	HTTP://WWW.COASTALBEND.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2000	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	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 IS 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 ASSSISTANCE TO DONORS THROUGH A COMPREHENSIVE PROGRAM OF TAX-WISE ALTERNATIVES THROUGH PLANNED	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	222726	ContributionsGrantsPriorYear
Contributions Grants Current Year	11515	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	14160	InvestmentIncomePriorYear
Investment Income Current Year	14536	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	236886	TotalRevenuePriorYear
Total Revenue Current Year	26051	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	10924	OtherExpensePriorYear
Other Expenses Current Year	2328	OtherExpensesCurrentYear
Total Expenses Prior Year	10924	TotalExpensesPriorYear
Total Expenses Current Year	2328	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	225962	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	23723	RevenuesLessExpensesCY
Total Assets BOY	819914	TotalAssetsBOY
Total Assets EOY	905498	TotalAssetsEOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	819914	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	905498	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	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 IS 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 ASSSISTANCE TO DONORS THROUGH A COMPREHENSIVE PROGRAM OF TAX-WISE ALTERNATIVES THROUGH PLANNED	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	N/A FOR 8/31/11	Description
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RUTH CUDE COASTAL BEND COLLEGE	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3613542267	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3800 CHARCO ROAD	AddressLine1
City	BEEVILLE	City
State	TX	State
ZIP Code	78102	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DAREN WILDER
VICE PRESIDE	0.00	X	X	0	0	0
JAMES KIRKPATRICK
TREASURER	0.00	X	X	0	0	0
DOUG ARNOLD
DIRECTOR	0.00	X		0	0	0
EMILIA H DOMINGUEZ
DIRECTOR	0.00	X		0	0	0
LAURA FISCHER
SECRETARY	0.00	X	X	0	0	0
VICTOR GOMEZ
DIRECTOR	0.00	X		0	0	0
LOUISE W HALL
DIRECTOR	0.00	X		0	0	0
PAUL JAURE
DIRECTOR	0.00	X		0	0	0
CARROLL W LOHSE
DIRECTOR	0.00	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	11515	AllOtherContributions
Total Contributions	11515	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	14536	TotalRevenueColumn
Related Or Exempt Function Income	14536	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	26051	TotalRevenueColumn
Related Or Exempt Function Income	14536	RelatedOrExemptFunctionIncome

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	2328	Total
Management And General	2328	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2328	Total
Program Services	0	ProgramServices
Management And General	2328	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	297338	BOY
EOY	92837	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	522576	BOY
EOY	812661	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	819914	BOY
EOY	905498	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	9044	BOY
EOY	3504	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	322803	BOY
EOY	413927	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	488067	BOY
EOY	488067	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	819914	BOY
EOY	905498	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	819914	BOY
EOY	905498	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	23723	ReconcilationRevenueExpenses
Reconcilation Other Changes	61861	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	45429	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	21710	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	72596	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	222726	CurrentTaxYearMinus1Year
Current Tax Year	11515	CurrentTaxYear
Total	373976	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	45429	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	21710	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	72596	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	222726	CurrentTaxYearMinus1Year
Current Tax Year	11515	CurrentTaxYear
Total	373976	Total

Field	Value	IRS element (for citing)
Public Support Total170	373976	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	35759	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	55060	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	16303	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	14160	CurrentTaxYearMinus1Year
Current Tax Year	14536	CurrentTaxYear
Total	135818	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	350	CurrentTaxYearMinus3Years
Total	350	Total

Field	Value	IRS element (for citing)
Total Support	510144	TotalSupport
Gross Receipts From Admissions Etc	14536	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.73310	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.79400	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	540147	BeginningOfYearBalance
Investment Earnings Or Losses	82614	InvestmentEarningsOrLosses
Administrative Expenses	-1730	AdministrativeExpenses
End Of Year Balance	621031	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	513943	BeginningOfYearBalance
Investment Earnings Or Losses	26204	InvestmentEarningsOrLosses
End Of Year Balance	540147	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	579634	BeginningOfYearBalance
Contributions	10000	Contributions
Investment Earnings Or Losses	-75691	InvestmentEarningsOrLosses
End Of Year Balance	513943	EndOfYearBalance

Field	Value	IRS element (for citing)
Permanent Endowment EOY Balance	0.78590	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.21410	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR
Total Revenue	26051	TotalRevenue
Total Expenses	2328	TotalExpenses
Excess Or Deficit For Year	23723	ExcessOrDeficitForYear
Net Unrealized GL On Investments	61861	NetUnrealizedGLOnInvestments
Total Adjustments	61861	TotalAdjustments
Excess Or Deficit Per FS	85584	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	132128	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	61861	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	44216	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	106077	RevenueNotRptdF990
Revenue Subtotal	26051	RevenueSubtotal
Total Revenue Per Form990	26051	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	46544	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	44216	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	44216	ExpensesNotRptdF990
Expenses Subtotal	2328	ExpensesSubtotal
Total Expenses Per Form990	2328	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	SUPPLEMENTAL FINANCIAL INFORMATION	Identifier
Return Reference	SCHEDULE D, PAGE 4, PART XIV	ReturnReference
Explanation	ENDOWMENTS TYPICALLY CALL FOR A PERCENTAGE OF INTEREST EARNED TO BE USED FOR SCHOLARSHIPS AND THE REST ADDED TO THE ENDOWMENT. THE FOUNDATION WAS ABLE TO HAVE A SIGNIFICANT PORTION OF GIFTS MATCHED THROUGH A FEDERAL GRANT. THESE FUNDS ARE TO BE USED PER THE ENDOWMENT AGREEMENT WHEN THE TITLE V FEDERAL GRANT TIME REQUIREMENTS ARE MET.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	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 IS 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 ASSSISTANCE TO DONORS THROUGH A COMPREHENSIVE PROGRAM OF TAX-WISE ALTERNATIVES THROUGH PLANNED GIVING.
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	THE BOARD DID NOT CHANGE THE SCOPE OF THE ORGANIZATION. THE BOARD DID REWRITE THE BYLAWS AND REINSTATED AND AMENDED THE FOUNDATION'S CERTIFICATE OF FORMATION WITH THE SECRETARY OF STATE'S OFFICE SO THAT THE FOUNDATION'S BOARD COULD BE ENLARGED.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	BOARD MEMBERS WERE EMAILED A COPY OF THE RETURN FOR REVIEW.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	UPON REQUEST.
ADDITIONAL INFORMATION	FORM 990, PART XI	LINE 5 -UNREALIZED GAINS 61,861