2026-03-10T16:32:20-05:00 2024-08-31 994625061 CRI ADVISORS LLC 500 NORTH SHORELINE STE 701 CORPUS CHRISTI TX 78401 990 2023-09-01 742991996 COASTAL BEND COLLEGE FOUNDATION INC COAS 3613542520 3800 CHARCO ROAD BEEVILLE TX 78102 JAMES SCOTTEN BOARD PRESIDENT 3613542520 2026-03-10 1 1 KELLIE J SHIPLEY P00531022 3618823132 2026-03-10 2023 2025-03-06 01:10:19Z X JAMES SCOTTEN 3800 CHARCO ROAD BEEVILLE TX 78102 3582829 0 X N/A X 2000 TX MEET THE EDUCATIONAL NEEDS OF COASTAL BEND COLLEGE STUDENTS BY PROVIDING SCHOLARSHIPS FOR BOOKS AND TUITION TO STUDENTS IN NEED AND TO STUDENTS WITH SATISFACTORY GRADE POINT AVERAGES. 13 13 0 0 0 0 331911 306909 0 0 -66593 93262 57886 0 323204 400171 0 0 0 0 0 0 0 0 45735 56294 262237 56294 262237 266910 137934 2556572 2852378 4114 16802 2552458 2835576 X 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. 0 0 216502 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. 216502 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 TX X JAMES SCOTTEN 3613542520 3800 CHARCO ROAD BEEVILLE TX 78102 X MARIA CASTRO SECRETARY 1.00 1.00 X X 0 0 0 DELA CASTILLO BOARD MEMBER 1.00 1.00 X 0 0 0 BOBBY JO TOWNSEND BOARD MEMBER 1.00 1.00 X 0 0 0 TAYLOR TOMLIN OFFICER 1.00 1.00 X X 0 0 0 DR JUSTIN HOGGARD CBC PRESIDENT 1.00 1.00 X X 0 0 0 MERCY FLYNN OFFICER 1.00 1.00 X X 0 0 0 MARY AMAN BOARD MEMBER 1.00 1.00 X 0 0 0 DR TWILA JOHNSON BOARD PRESIDENT 1.00 1.00 X X 0 0 0 SHAWN RAMON CBC FOUNDATION PRESIDENT 1.00 1.00 X X 0 0 0 ROBERT MOLINA BOARD MEMBER 1.00 1.00 X 0 0 0 MARIO MUNOZ OFFICER 1.00 1.00 X X 0 0 0 LIBBY SPIRES BOARD MEMBER 1.00 1.00 X 0 0 0 REAGAN FLORENCE BOARD MEMBER 1.00 1.00 X 0 0 0 0 0 0 0 0 0 0 0 306909 306909 71308 71308 3204612 3182658 21954 21954 21954 400171 21954 0 71308 SCHOLARSHIP AWARDS 117379 117379 GRANT EXPENSES 99123 99123 FUNDRAISING SUPPORT EXP 45735 45735 262237 216502 0 45735 595105 598763 814843 204 288 1960657 1438772 318 2556572 2852378 4114 16802 4114 16802 X 151030 1131943 2401428 1703633 2552458 2835576 2556572 2852378 137934 145184 0 X X 1 X 1 X 1 0 X 73381 119727 211805 331911 306909 1043733 73381 119727 211805 331911 306909 1043733 1043733 55491 79735 62189 36017 71308 304740 1348473 0.77400 0.78350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1029666 287008 122096 1438770 1029666 1029666 1029666 1029666 1029666 1029666 1029666 1029666 1.00000 0 0 0 X 606944 206773 206773 400171 0 400171 469010 206773 206773 262237 0 262237 PART X, LINE 2: THE COASTAL BEND COLLEGE FOUNDATION, INC. HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE AS THE FOUNDATION IS DESCRIBED AS AN ORGANIZATION SUMMARIZED IN SECTION 509(A)(3). THEREFORE, THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND NO PROVISIONS FOR INCOME TAXES ARE STATED IN THE FINANCIAL STATEMENTS. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF AUGUST 31, 2024, THE FOUNDATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT IN-KIND 21,090. STAFF IN-KIND 127,524. SERVICES IN-KIND 58,159. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT IN-KIND 21,090. STAFF IN-KIND 127,524. SERVICES IN-KIND 58,159. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS FURNISHED TO THE BOARD PRESIDENT TO DISTRIBUTE TO THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL WRITTEN STATEMENT FROM TRUSTEES AND CONTINUOUS MONITORING. FORM 990, PART VI, SECTION C, LINE 19 ALL CORPORATE DOCUMENTS ARE AVAILABLE TO THE PUBLIC VIA AN OPEN RECORDS REQUEST. FORM 990, PART XII, LINE 2C: THE COMMITTEE'S PROCESS FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT REMAINS UNCHANGED FROM THE PRIOR YEAR. FORM 990, PART I THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THIS PART OF THE FORM HAS BEEN ADJUSTED TO REFLECT A DECREASE TO TOTAL REVENUE IN THE AMOUNT OF $749,971, A DECREASE TO TOTAL EXPENSES IN THE AMOUNT OF $22,014, A DECREASE TO TOTAL ASSETS IN THE AMOUNT OF $566,335, AND AN INCREASE TO TOTAL LIABILITIES IN THE AMOUNT OF $16,438. NET ASSETS AND ALL APPLICABLE SCHEDULES HAVE BEEN ADJUSTED TO REFLECT THESE CHANGES. FORM 990, PART VIII THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THE STATEMENT OF REVENUE HAS BEEN ADJUSTED TO REFLECT A DECREASE TO TOTAL REVENUE IN THE AMOUNT OF $749,971. FORM 990, PART IX THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THE STATEMENT OF FUNCTIONAL EXPENSES HAS BEEN ADJUSTED TO REFLECT A DECREASE TO TOTAL EXPENSES IN THE AMOUNT OF $22,014. FORM 990, PART X THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THE BALANCE SHEET HAS BEEN ADJUSTED TO REFLECT A DECREASE TO TOTAL ASSETS IN THE AMOUNT OF $566,335 AND AN INCREASE TO TOTAL LIABILITIES IN THE AMOUNT OF $16,438. FORM 990, PART XI THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THIS PART OF THE FORM HAS BEEN ADJUSTED TO REFLECT A DECREASE TO TOTAL REVENUE IN THE AMOUNT OF $749,971, A DECREASE TO TOTAL EXPENSES IN THE AMOUNT OF $22,014, A DECREASE TO TOTAL ASSETS IN THE AMOUNT OF $566,335, AND AN INCREASE TO TOTAL LIABILITIES IN THE AMOUNT OF $16,438. FORM 990, PART XII THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THE QUESTIONS IN THIS PART OF FORM 990 HAVE BEEN ADJUSTED TO REFLECT THE PREPARATION OF THE AUDITED FINANCIAL STATEMENTS. FORM 990, SCHEDULE A, PART II THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THIS PART OF THE FORM HAS BEEN ADJUSTED TO REFLECT AN INCREASE TO TOTAL GROSS CONTRIBUTIONS RECEIVED IN THE AMOUNT OF $91,029 AND AN INCREASE TO INVESTMENT INCOME IN THE AMOUNT OF $8,751. PUBLIC SUPPORT PERCENTAGES HAVE BEEN ADJUSTED TO REFLECT THESE CHANGES. FORM 990, SCHEDULE D, PART V THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THE YEAR-END BALANCE FOR ENDOWMENT FUNDS HAS BEEN ADJUSTED TO AGREE WITH THE AUDITED FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PARTS XI, XII, AND PART XIII THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. AS A RESULT, THESE PARTS HAVE BEEN PREPARED AND INCLUDED FOR THE AMENDED RETURN. FORM 990, SCHEDULE G THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. THE AUDITED FINANCIALS CLASSIFY PREVIOUSLY REPORTED PROFESSIONAL FUNDRAISING SERVICES AS FUNDRAISING SUPPORT SERVICES. AS A RESULT, SCHEDULE G HAS BEEN EXCLUDED FROM THE AMENDED RETURN. FORM 990, SCHEDULE R, PART V THE NOT-FOR-PROFIT ORGANIZATION IS FILING FISCAL YEAR 2023 AMENDED FORM 990 TO INCLUDE THE ACTIVITY FROM THE AUDITED FINANCIAL STATEMENTS THAT WERE COMPLETED AFTER THE RETURN WAS ORIGINALLY FILED. TRANSACTIONS WITH RELATED ORGANIZATIONS HAVE BEEN ADJUSTED TO AGREE WITH THE AUDITED FINANCIAL STATEMENTS. COASTAL BEND COLLEGE 3800 CHARCO RD BEEVILLE TX 78102 741542306 EDUCATION TX N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 COASTAL BEND COLLEGE N 21090 FMV COASTAL BEND COLLEGE O 127524 FMV COASTAL BEND COLLEGE M 58159 FMV COASTAL BEND COLLEGE B 117379 CASH