Coastal Bend Foundation Inc
Coastal Bend Foundation Inc is a private foundation, based in Aransas Pass, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $49K. Net investment income was $96K.
Coastal Bend Foundation Inc at a glance
In short: Coastal Bend Foundation Inc gave $49K across 7 grants in 2024 (avg $7K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $49,300
- -6.1% vs 2023
- Grants made (2024)
- 7
- +16.7% vs 2023
- Average grant
- $7,043
- -19.5% vs 2023
- Median grant
- $2,000
- Total assets
- $2,086,420
- +8.4% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Coastal Bend Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Aransas Pass ISD ($28K across 2 grants). Together the top 6 received $49K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 35 grants of 37 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Coastal Bend Foundation Inc gives
- Giving fell 58% from 2021 to 2024. Method
- In 2024 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $49K (2024) to $117K (2021). In 2024 it made 7 grants totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aransas Pass ISD Aransas Pass, TX | Scholarship Grant | $26,300 |
| Tri-County Christian Service Center Grant Aransas Pass, TX | Scholarship Grant | $10,000 |
| United Methodist Church Ingleside, TX | Scholarship Grant | $5,000 |
| Aransas County ISD Rockport, TX | Project Graduation | $2,000 |
| Ingleside ISD Ingleside, TX | Project Graduation | $2,000 |
| Aransas Pass ISD Aransas Pass, TX | Project Graduation | $2,000 |
| Miki McElroy Scholarship Foundation Aransas Pass, TX | Scholarship Grant | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,086,420 | $125,208 | $99,402 | $49,300 | 7 | $70,185 | $95,991 | $96,772 |
| 2023 | $1,924,179 | $53,317 | $103,372 | $52,500 | 6 | $75,347 | $25,292 | $90,550 |
| 2022 | $1,766,566 | $65,972 | $167,246 | $105,800 | 8 | $128,444 | $36,801 | $97,873 |
| 2021 | $2,230,750 | $724,042 | $170,602 | $116,800 | 7 | $138,369 | $692,905 | $95,112 |
| 2020 | $2,025,831 | $107,123 | $135,375 | $84,800 | 9 | — | $78,859 | $97,243 |
Under IRS private-foundation payout rules, Coastal Bend Foundation Inc reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Coastal Bend Foundation Inc is led by Arnold Govella, President & Director since 2024 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Arnold Govella
President & Director
President → President & Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Jay Attaway
Director
On filings since 2020
1 hr/week
No compensation reported
Karen Gayle
Director
On filings since 2020
1 hr/week
No compensation reported
Wayne Bennett
Director
On filings since 2020
1 hr/week
No compensation reported
Isabel Mendez
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jan Pate-Crabtree
Director
New on the 2024 filing
1 hr/week
No compensation reported
David Hutchins
Secretary & Treasurer
Secretary Treasurer → Secretary & Treasurer, 2024
On filings since 2020
2 hrs/week
No compensation reported
Former officers (2)
- Former: Isabella Menendez (2020–2023) — Director
- Former: Jan Crabtree (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Coastal Bend Foundation Inc
How much does Coastal Bend Foundation Inc give each year?
Coastal Bend Foundation Inc gave $49K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $53K across 6 grants.
What is Coastal Bend Foundation Inc's typical grant size?
Coastal Bend Foundation Inc's median grant in 2024 was $2,000, and its average grant was $7,043, across 7 grants on its 2024 IRS Form 990-PF.
Where does Coastal Bend Foundation Inc give grants?
Coastal Bend Foundation Inc gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Aransas Pass, TX (4 grants) and Ingleside, TX (2 grants).
Does Coastal Bend Foundation Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Coastal Bend Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship Grant" (4 grants) and "Project Graduation" (3 grants).
Who are Coastal Bend Foundation Inc's largest grantees?
Coastal Bend Foundation Inc's largest 2024 grantees include Aransas Pass ISD ($28,300 across 2 grants), Tri-County Christian Service Center Grant ($10,000) and United Methodist Church ($5,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is Coastal Bend Foundation Inc?
Coastal Bend Foundation Inc reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Coastal Bend Foundation Inc's EIN?
Coastal Bend Foundation Inc's EIN (Employer Identification Number) is 74-2129257. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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