COASTAL COMMUNITY FOUNDATION OF SO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

JANE LITZ

Phone

8437235736

Tax Period

2024-01-01 to 2024-12-31

COASTAL COMMUNITY FOUNDATION OF SOUTH CAROLINA INC, founded in 1974, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $46.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $40.6M left a modest 12% surplus.

Mission

THE FOUNDATION BUILDS THRIVING COMMUNITIES BY CONNECTING PEOPLE AND INVESTING RESOURCES, ACROSS THE NINE COASTAL COUNTIES OF SC BEAUFORT, BERKELEY, CHARLESTON, COLLETON, DORCHESTER, GEORGETOWN, HAMPTON, HORRY, AND JASPER. IT ALSO MANAGES OVER 800 INDIVIDUAL FUNDS, EACH GUIDED BY A DONOR'S INTENT TO SUPPORT SPECIFIC OR BROAD CHARITABLE GOALS.

Program Service Accomplishments

Program 1

Expenses: $33,289,237 Revenue: $4,714,498

PHILANTHROPY - AS SOUTH CAROLINA'S LARGEST COMMUNITY FOUNDATION AND A RECOGNIZED TRUSTED PHILANTHROPIC LEADER IN THE SOUTHEAST, COASTAL CMMUNITY FOUNDATION (CCF) DELIVERS DONOR-CENTERED GUIDANCE AND EXCEPTIONAL STEWARDSHIP TO INDIVIDUALS, FAMILIES, AND ORGANIZATIONS. WITH A PROVEN ABILITY TO TRANSFORM BOLD IDEAS INTO MEANINGFUL ACTION, WE HELP FUND PROGRAMS THAT ADDRESS URGENT NEEDS AND SUSTAIN VITAL COMMUNITY INITIATIVES FOR GENERATIONS. CCF'S 50TH ANNIVERSARY IN 2024 CELEBRATED PROVIDING OVER $433M IN PHILANTHROPIC GRANTMAKING AND SCHOLARSHIP DISTRIBUTIONS SINCE INCEPTION.

Program 2

GRANTMAKING - WITH ROBUST EXPERTISE IN LONG-TERM CHARITABLE GIVING AND EMERGENCY RESPONSE, THE FOUNDATION DELIVERS VITAL OPERATIONAL AND CATALYTIC SUPPORT ACROSS OUR NINE-COUNTY SERVICE AREA. 2,369 GRANTS AND SCHOLARSHIPS WERE DISBURSED DURING THE YEAR TOTALING $28.5M. THESE INVESTMENTS REFLECT OUR COMMITMENT TO BUILDING STRONGER, MORE RESILIENT COMMUNITIES FUELING PROGRESS IN KEY AREAS: HUMAN NEEDS $7M; EDUCATION $9.9M; HEALTH INITIATIVES: $3M; ENVIRONMENTAL EFFORTS: $1.6M; ARTS: $2.4M; FAITH-BASED PROGRAMS: $918K; NEIGHBORHOOD & COMMUNITY DEVELOPMENT: $2.7M; PHILANTHROPY: $624K; SOCIAL JUSTICE: $185K.

Program 3

STRATEGIC INITIATIVES INCLUDE 1) THE FOUNDATION'S SCHOLARSHIP PROGRAMS AWARDED 192 SCHOLARSHIPS TOTALING $833K, EXPANDING ACCESS TO HIGHER EDUCATION ACROSS THE REGION; 2) THE CATALYST GRANT PROGRAM PROVIDED $2.4M IN FUNDING WITH A $4.3M FUTURE MULTI-YEAR COMMITMENT, TO NONPROFITS IN BEAUFORT, COLLETON, HAMPTON, AND JASPER COUNTIES TO ADVANCE COLLABORATION, BUILD STRATEGIC CAPACITY, AND DRIVE COMMUNITY INNOVATION. GRANTS SUPPORT INITIATIVES WITH MEASURABLE IMPACT THROUGH PARTNERSHIPS, ORGANIZATIONAL STRENGTHENING, AND SOLUTIONS THAT ADDRESS LOCAL NEEDS FOR UP TO FIVE YEARS. SOME GRANTEES MAY ALSO RECEIVE EXPERT TECHNICAL ASSISTANCE THROUGHOUT THE GRANT TERM TO ENHANCE EFFECTIVENESS AND SUSTAINABILITY; 3) THE PLACE-BASED IMPACT INVESTMENT INITIATIVE DEPLOYED NEARLY $1.4M INTO LIFTING AFFORDABLE HOUSING, SMALL BUSINESS LENDING, AND PHYSICAL AND MENTAL WELL-BEING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,219,502

Program Service Revenue $4,640,047

Investment Income $17,734,803

Other Revenue $-266,254

TOTAL REVENUE $46,328,098

Expense Breakdown

Grants Paid $28,525,446

Salaries & Benefits $4,224,632

Fundraising Expenses $1,020,348

Program Expenses $33,289,237

Other Expenses $7,831,931

TOTAL EXPENSES $40,582,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,328,098	$58,989,034	-0.2%
Expenses	$40,582,009	$32,648,144	+0.2%
Net Income	$5,746,089	$26,340,890	-0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

147

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$874,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA GONGORA	DIRECTOR	1.00	Director	$0	$0	$0
STACY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MASON HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE WOOTTON	DIRECTOR	1.00	Director	$0	$0	$0
ELLIS REGENBOGEN	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN MORTON	DIRECTOR	1.00	Director	$0	$0	$0
JEROME HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BUNDY	DIRECTOR	1.00	Director	$0	$0	$0
ANITA ZUCKER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY ZARA	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE PHILLIPPE	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE C LACOUR	DIRECTOR	1.00	Director	$0	$0	$0
COKEITHA GADDIST	DIRECTOR	1.00	Director	$0	$0	$0
JULIE H WALKER	DIRECTOR	1.00	Director	$0	$0	$0
BERNETT W MAZYCK	DIRECTOR - THRU 1.3.25	1.00	Director	$0	$0	$0
TYEKA GRANT	DIRECTOR - THRU 12.31.24	1.00	Director	$0	$0	$0
LARRY MERCADO	DIRECTOR - THRU 12.31.24	1.00	Director	$0	$0	$0
HERBERT L DRAYTON III	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
WILIAM DUNN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RONDA K DEAN	CHAIR	4.00	Officer Director	$0	$0	$0
DARRIN GOSS	CEO	50.00	Officer	$318,000	$82,983	$400,983
JANE LITZ	CFO	50.00	Officer	$221,952	$31,369	$253,321
MELISSA LEVESQUE	CHIEF STRATEGY OFFICER	50.00	Officer	$187,270	$32,887	$220,157
HELEN WOLFE	SR DIRECTOR DEVELOPMENT & STEWARDSHIP	50.00	Highest	$123,564	$15,872	$139,436
CHRISTOPHER BALLAD	SR DIRECTOR FINANCE & CONTROLLER	50.00	Highest	$122,383	$36,464	$158,847
TODD LOHRENZ	SR DIRECTOR MARKETING & COMMUNICATIONS	50.00	Highest	$111,726	$38,103	$149,829
DAVID GALVIN	VP OF TALENT & OPERATIONS	50.00	Highest	$147,696	$24,653	$172,349
KERRI FOREST	VP OF GRANTMAKING AND COMMUNITY LEADERSHIP	50.00	Highest	$124,419	$11,116	$135,535

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$46,328,098	$40,582,009	$435,574,394	$5,746,089
2023	$58,989,034	$32,648,144	$389,376,801	$26,340,890
2022	$80,143,972	$26,627,755	$293,333,431	$53,516,217
2022	$52,548,075	$15,171,798	$328,018,466	$37,376,277
2021	$34,024,717	$21,855,799	$284,832,331	$12,168,918
2020	$49,232,303	$29,789,373	$216,168,861	$19,442,930
2019	$43,233,940	$27,485,967	$203,913,645	$15,747,973

COASTAL COMMUNITY FOUNDATION OF SOUTH CAROLINA INC