Coastal Enterprises Inc
Coastal Enterprises Inc. shows strong asset growth and no reported officer compensation amidst fluctuating revenues.
EIN: 10347504 · Brunswick, ME · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40.7M |
| Total Expenses | $18.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150 |
| Net Assets | $43.5M |
| Transparency Score | 90/100 |
Is Coastal Enterprises Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coastal Enterprises Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coastal Enterprises Inc
Coastal Enterprises Inc (EIN: 10347504) is a nonprofit organization based in Brunswick, ME, classified under NTEE code L21. The organization reported total revenue of $40.7M and total assets of $151.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Enterprises Inc is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.6M |
| Total Expenses | $18.7M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $125.9M |
| Total Liabilities | $82.3M |
| Net Assets | $43.5M |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 65.4% |
| Months of Reserves | 80.8 months |
Financial Health Grade: A
In 2023, Coastal Enterprises Inc reported a surplus of $4.0M with revenue exceeding expenses, holds 80.8 months of operating reserves (strong position), has a debt-to-asset ratio of 65.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Coastal Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.3% | +44.8% | +11.2% |
| 2022 | -68.7% | -54.9% | +12.2% |
| 2021 | +261.7% | +132.9% | +1.3% |
| 2020 | +27.6% | +8.7% | -5.8% |
| 2019 | -27.3% | -21.5% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coastal Enterprises Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Coastal Enterprises Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.4%.
Executive Compensation Analysis
Coastal Enterprises Inc. consistently reports 0% officer compensation across all provided filings, which is highly unusual for an organization of its size with over $150 million in assets and tens of millions in revenue. This suggests either a fully volunteer-led executive team, compensation being covered by a related entity, or reported under different expense categories not captured as 'Officer Comp' in the provided data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Coastal Enterprises Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, warranting further investigation into executive compensation structure.
Strengths
The following positive indicators were identified for Coastal Enterprises Inc:
- 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.
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) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Coastal Enterprises Inc spend its money?
Coastal Enterprises Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coastal Enterprises Inc tax-deductible?
Coastal Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 10347504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Coastal Enterprises Inc CEO make?
Coastal Enterprises Inc's highest-compensated officer earns $150 annually. The organization reported $40.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Coastal Enterprises Inc's spending goes to programs?
Coastal Enterprises Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coastal Enterprises Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Coastal Enterprises Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coastal Enterprises Inc located?
Coastal Enterprises Inc is headquartered in Brunswick, Maine and files with the IRS under EIN 10347504. It is classified under NTEE code L21.
How many years of IRS 990 filings does Coastal Enterprises Inc have?
Coastal Enterprises Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $40.7M in total revenue.
How does Coastal Enterprises Inc. manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of CEI's scale. This could indicate that executive leadership is compensated through a related entity, is entirely volunteer-based, or that compensation is categorized differently in their IRS 990 filings, not under the 'Officer Comp' line item provided.
What caused the significant revenue fluctuations, such as $43.4M in 2021 and $40.7M in the latest period, compared to $10-12M in other years?
The large swings in revenue likely reflect the nature of CEI's funding, which may include large grants, government contracts, or specific project-based funding that can vary significantly year-to-year. As a community development financial institution (CDFI), they may receive substantial capital injections or program-specific grants in certain periods.
What is the organization's primary source of revenue given its NTEE code L21 (Community Development Financial Institutions)?
As a CDFI, CEI's revenue likely comes from a mix of sources including grants (government, foundation), program service fees, interest on loans, and potentially investment income. The large revenue spikes could be attributed to significant grant awards or capital infusions for lending programs.
Filing History
IRS 990 filing history for Coastal Enterprises Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coastal Enterprises Inc's revenue has grown by 66.9%, moving from $13.6M to $22.6M. Total assets increased by 126.5% over the same period, from $55.6M to $125.9M. Total functional expenses rose by 76.1%, from $10.6M to $18.7M. In its most recent filing year (2023), Coastal Enterprises Inc reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $82.3M in liabilities against $125.9M in assets (debt-to-asset ratio: 65.4%), resulting in net assets of $43.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.6M | $18.7M | $125.9M | $82.3M | — | — |
| 2022 | $13.6M | $12.9M | $113.1M | $73.6M | — | — |
| 2021 | $43.5M | $28.6M | $100.9M | $59.8M | — | View 990 |
| 2020 | $12.0M | $12.3M | $99.6M | $65.0M | — | — |
| 2019 | $9.4M | $11.3M | $105.7M | $64.0M | — | View 990 |
| 2018 | $13.0M | $14.4M | $105.6M | $68.2M | — | View 990 |
| 2017 | $12.5M | $11.7M | $104.8M | $64.6M | — | View 990 |
| 2016 | $11.0M | $12.7M | $91.1M | $53.9M | — | View 990 |
| 2015 | $10.8M | $10.6M | $90.3M | $51.1M | — | View 990 |
| 2014 | $11.7M | $10.3M | $76.2M | $39.2M | — | View 990 |
| 2013 | $10.3M | $10.2M | $66.5M | $31.6M | — | View 990 |
| 2012 | $17.2M | $9.7M | $62.9M | $28.1M | — | View 990 |
| 2011 | $13.6M | $10.6M | $55.6M | $28.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.6M, expenses of $18.7M, and assets of $125.9M (revenue +66.3% year-over-year).
- 2022: Revenue of $13.6M, expenses of $12.9M, and assets of $113.1M (revenue -68.7% year-over-year).
- 2021: Revenue of $43.5M, expenses of $28.6M, and assets of $100.9M (revenue +261.7% year-over-year).
- 2020: Revenue of $12.0M, expenses of $12.3M, and assets of $99.6M (revenue +27.6% year-over-year).
- 2019: Revenue of $9.4M, expenses of $11.3M, and assets of $105.7M (revenue -27.3% year-over-year).
- 2018: Revenue of $13.0M, expenses of $14.4M, and assets of $105.6M (revenue +3.9% year-over-year).
- 2017: Revenue of $12.5M, expenses of $11.7M, and assets of $104.8M (revenue +13.3% year-over-year).
- 2016: Revenue of $11.0M, expenses of $12.7M, and assets of $91.1M (revenue +2.1% year-over-year).
- 2015: Revenue of $10.8M, expenses of $10.6M, and assets of $90.3M (revenue -7.9% year-over-year).
- 2014: Revenue of $11.7M, expenses of $10.3M, and assets of $76.2M (revenue +13.4% year-over-year).
- 2013: Revenue of $10.3M, expenses of $10.2M, and assets of $66.5M (revenue -40.1% year-over-year).
- 2012: Revenue of $17.2M, expenses of $9.7M, and assets of $62.9M (revenue +27.1% year-over-year).
- 2011: Revenue of $13.6M, expenses of $10.6M, and assets of $55.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Enterprises Inc:
Data Sources and Methodology
This transparency report for Coastal Enterprises Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.