Unusually low (0%) reported officer compensation, warranting further investigation into executive compensation structure.
Strengths
Significant and consistent asset growth, from $76M in 2014 to over $151M currently, indicating strong financial management.
Consistent IRS 990 filing history (13 filings), demonstrating good transparency and compliance.
Positive net assets (Assets > Liabilities) in all reported periods, indicating financial stability.
Strong revenue generation in recent periods, with $40.7M in the latest period and $43.4M in 2021.
Spending Breakdown
How Coastal Enterprises Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Coastal Enterprises Inc
Is Coastal Enterprises Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Coastal Enterprises Inc (EIN: 10347504) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Coastal Enterprises Inc a good charity to donate to?
Coastal Enterprises Inc has a Mission Score of 90/100. Revenue: $40.7M. Assets: $151.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coastal Enterprises Inc?
The Employer Identification Number (EIN) for Coastal Enterprises Inc is 10347504. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Coastal Enterprises Inc spend its money?
Coastal Enterprises Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coastal Enterprises Inc's tax-exempt status?
You can verify Coastal Enterprises Inc's tax-exempt status using EIN 10347504 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Coastal Enterprises Inc. (CEI) demonstrates a fluctuating but generally strong financial position, with assets growing significantly from $76 million in 2014 to over $151 million currently. Revenue has shown considerable variability, with a notable peak of $43.4 million in 2021 and $40.7 million in the latest period, contrasting with lower figures around $10-12 million in other years. This volatility might be due to the nature of their funding or specific project cycles. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, while unusual, suggests a highly volunteer-driven or externally compensated leadership structure, or that compensation is reported under different categories not captured by 'Officer Comp' in the provided data. Further investigation into their compensation practices would be beneficial for a complete understanding.
Spending efficiency appears robust, especially considering the consistent growth in assets and the absence of reported officer compensation. The organization's ability to manage significant revenue fluctuations while maintaining asset growth suggests sound financial management. The lack of detailed expense breakdowns in the provided data makes a precise assessment of program vs. administrative spending challenging, but the overall financial health, marked by substantial assets and a history of operational surpluses in many years, is positive. The consistent filing of IRS 990s over 13 periods indicates good compliance and transparency in reporting.