TY 2021 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202243189349304974 - Rendered 2024-05-03 TIN: 23-7390313

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

COASTAL COMMUNITY FOUNDATION

Employer identification number

23-7390313

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PROVIDED TO AND REVIEWED BY KEY STAFF, THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, THE BOARD AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE DOCUMENT. THIS DOCUMENT REQUESTS DISCLOSURE OF ANY POTENTIAL CONFLICTS SUCH AS VENDOR RELATIONSHIPS OR GRANT RECIPIENT RELATIONSHIPS. IN ADDITION, AT EACH BOARD MEETING, MEMBERS ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS AND, UPON SUCH DISCLOSURES, TO LEAVE THE MEETING AND REFRAIN FROM VOTING.
FORM 990, PART VI, SECTION B, LINE 15	THE FOUNDATION PARTICIPATES ANNUALLY IN THE GRANTMAKER SALARY AND BENEFITS SURVEY FROM THE COUNCIL ON FOUNDATIONS (COF), AND UTILIZES THE RESULTING ANNUAL REPORT TO REVIEW THE APPROPRIATE SALARY RANGES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT/KEY STAFF MEMBERS. THE COF'S REPORT PROVIDES COMPARATIVE DATA ON A LARGE GROUP OF GRANTMAKERS FROM REGIONAL AND NATIONAL MARKETS. THE ANALYSIS OF THIS DATA BUILDS UPON THE METHODOLOGY AND APPROACH ESTABLISHED BY THE COF IN 1980. THE SALARY BUDGET IS APPROVED BY THE BOARD AS PART OF AN ANNUAL REVIEW. COMPENSATION FOR THE PRESIDENT/CEO IS BASED ON THE RECOMMENDATION OF THE GOVERNANCE AND PERSONNEL COMMITTEE AFTER THE COMPLETION OF THE ANNUAL PERFORMANCE REVIEW PROCESS, AND IS APPROVED BY THE BOARD OF DIRECTORS. FINAL SALARIES FOR MANAGEMENT AND KEY STAFF MEMBERS ARE DETERMINED BY THE PRESIDENT/CEO BASED UPON THE RESULTS OF PERFORMANCE REVIEWS. ALL DECISIONS ABOUT THE FOUNDATION'S OFFICERS SALARIES ARE DOCUMENTED.
FORM 990, PART VI, SECTION C, LINE 19	THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS, INCLUDING FORM 990, AVAILABLE ON REQUEST.
FORM 990, PART IX, LINE 24E	OTHER ADMIN EXPENSE: PROGRAM SERVICE EXPENSES 5,126. MANAGEMENT AND GENERAL EXPENSES 163. FUNDRAISING EXPENSES 10,814. TOTAL EXPENSES 16,103. TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,493. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,493.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE - DEFERRED COMP -8,983. CHANGE IN BENEFICIAL INTEREST IN TRUST -206,714. CHANGE IN CASH VALUE OF LIFE INSURANCE 67,019. CHANGE IN VALUE-GIFT ANNUITY -59,449. TRANSFERS 66,456. TRANSFER TO SUPPORTING ORGANIZATION -326,244.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PROVIDED TO AND REVIEWED BY KEY STAFF, THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS PRIOR TO FILING.

FORM 990, PART VI, SECTION B, LINE 12C

ANNUALLY, THE BOARD AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE DOCUMENT. THIS DOCUMENT REQUESTS DISCLOSURE OF ANY POTENTIAL CONFLICTS SUCH AS VENDOR RELATIONSHIPS OR GRANT RECIPIENT RELATIONSHIPS. IN ADDITION, AT EACH BOARD MEETING, MEMBERS ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS AND, UPON SUCH DISCLOSURES, TO LEAVE THE MEETING AND REFRAIN FROM VOTING.

FORM 990, PART VI, SECTION B, LINE 15

THE FOUNDATION PARTICIPATES ANNUALLY IN THE GRANTMAKER SALARY AND BENEFITS SURVEY FROM THE COUNCIL ON FOUNDATIONS (COF), AND UTILIZES THE RESULTING ANNUAL REPORT TO REVIEW THE APPROPRIATE SALARY RANGES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT/KEY STAFF MEMBERS. THE COF'S REPORT PROVIDES COMPARATIVE DATA ON A LARGE GROUP OF GRANTMAKERS FROM REGIONAL AND NATIONAL MARKETS. THE ANALYSIS OF THIS DATA BUILDS UPON THE METHODOLOGY AND APPROACH ESTABLISHED BY THE COF IN 1980. THE SALARY BUDGET IS APPROVED BY THE BOARD AS PART OF AN ANNUAL REVIEW. COMPENSATION FOR THE PRESIDENT/CEO IS BASED ON THE RECOMMENDATION OF THE GOVERNANCE AND PERSONNEL COMMITTEE AFTER THE COMPLETION OF THE ANNUAL PERFORMANCE REVIEW PROCESS, AND IS APPROVED BY THE BOARD OF DIRECTORS. FINAL SALARIES FOR MANAGEMENT AND KEY STAFF MEMBERS ARE DETERMINED BY THE PRESIDENT/CEO BASED UPON THE RESULTS OF PERFORMANCE REVIEWS. ALL DECISIONS ABOUT THE FOUNDATION'S OFFICERS SALARIES ARE DOCUMENTED.

FORM 990, PART VI, SECTION C, LINE 19

THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS, INCLUDING FORM 990, AVAILABLE ON REQUEST.

FORM 990, PART IX, LINE 24E

OTHER ADMIN EXPENSE: PROGRAM SERVICE EXPENSES 5,126. MANAGEMENT AND GENERAL EXPENSES 163. FUNDRAISING EXPENSES 10,814. TOTAL EXPENSES 16,103. TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,493. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,493.

FORM 990, PART XI, LINE 9:

CHANGE IN VALUE - DEFERRED COMP -8,983. CHANGE IN BENEFICIAL INTEREST IN TRUST -206,714. CHANGE IN CASH VALUE OF LIFE INSURANCE 67,019. CHANGE IN VALUE-GIFT ANNUITY -59,449. TRANSFERS 66,456. TRANSFER TO SUPPORTING ORGANIZATION -326,244.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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