Coastal Enterprises Inc
Cei integrates financing, small business and industry expertise, and policy solutions to grow a vibrant future for people and communities with low income in Maine and rural regions.
Key facts about Coastal Enterprises Inc
In short: Coastal Enterprises Inc gave $1.8M across 35 grants in 2025 (avg $51K), mostly in Maine. 60% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 01-0347504
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $1,785,900
- Grants made (2025)
- 35
- Average grant
- $51,026
- Median grant
- $30,000
- New grantees (estimate)
- 60% first-time grantees (21 of 35, 2025)
- Total assets
- $166,561,368
- Primary geography
- Maine (91% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$166.6M
+9.9% YoY
Annual Giving
$1.8M
-57.2% YoY
Grant Count
35
-61.5% YoY
Avg Grant Size
$51K
+11.4% YoY
Is Coastal Enterprises Inc open to new grantees?
60%
first-time grantees, 2025
In 2025, 21 of 35 grantees (60%) were first-time recipients. First grants averaged $27K; repeat grants $86K. How we count
Medians: $25K first-time, $68K repeat.
- 37% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2023–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Coastal Enterprises Inc
Based on IRS filings
Coastal Enterprises Inc is a public charity focused on Housing & Shelter, based in Brunswick, ME. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $166.6M in total assets. In 2025, it awarded 35 grants totaling $1.8M. Net investment income was $5.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 35 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $7K (2021) to $4.2M (2024). In 2025 it made 35 grants totaling $1.8M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Community Concepts Inc ($213K). Together the top 10 received $1.2M.
Grant Size Distribution
186 grants across all recorded years
The most common grant size was under $50K: 124 grants of 186 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Concepts Inc Lewiston, ME | Child Care Infrastructure Grant Program | $212,500 |
| Kennebec Valley Community Action Program Waterville, ME | Child Care Infrastructure Grant Program | $212,500 |
| Beth Brunswick Memorial Fund for Children Rangeley, ME | Child Care Infrastructure Grant Program | $150,000 |
| Windham School Age Child Care Association Inc Windham, ME | Child Care Infrastructure Grant Program | $150,000 |
| Indian Township Tribal Government Indian Township, ME | Child Care Infrastructure Grant Program | $87,500 |
| Graces Busy Bees Learning Center LLC Chin, ME | Child Care Infrastructure Grant Program | $80,000 |
| Kidspace Inclusive Childcare Lewiston, ME | Child Care Infrastructure Grant Program | $68,000 |
| Riverside Academy Reserve, LA | Child Care Infrastructure Grant Program | $68,000 |
| Western Maine Community Action East Wilton, ME | Child Care Infrastructure Grant Program | $68,000 |
| Maine Mountain Childrens House Kingfield, ME | Child Care Infrastructure Grant Program | $62,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $166,561,368 | $151,608,145 | $125,867,837 |
| Revenue | $19,896,255 | $39,919,564 | $22,641,314 |
| Expenses | $23,228,135 | $23,726,709 | $18,685,864 |
| Net Investment Income | $5,155,229 | $3,361,333 | $3,874,518 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 17, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 12, 2026)
Leadership & Key People
Officers and directors from IRS filings
Coastal Enterprises Inc is led by Elisabeth Biemann, Chief Executive Officer since 2021 (on filings since 2019); 10 of 32 officers listed in 2025 are compensated.
Officers on the 2025 filing
Elisabeth Biemann
Chief Executive Officer
CEO → Chief Executive Officer, 2021
On filings since 2019
40 hrs/week
$179K (2019) → $260K (2025)
Keith Bisson
President
On filings since 2019
40 hrs/week
$181K (2019) → $242K (2025)
Miriam L. Shark
Board Chair
Director → Board Vice Chair, 2021
Board Vice Chair → Board Chair, 2022
On filings since 2019
1 hr/week
No compensation reported
Thomas P. Burnhamthomas P. Burnham
Director of Loan Quality A
Director of Loan Quality & Compliance → Director of Loan Quality A, 2024
On filings since 2023
40 hrs/week
$105K (2023) → $114K (2025)
Cynthia Murphy
Senior Director & Special Projects
New on the 2025 filing
40 hrs/week
$117K (2025)
Beth Mattingly
Director
On filings since 2019
1 hr/week
No compensation reported
Charles J. Rudelitch Esq.
Director
On filings since 2019
1 hr/week
No compensation reported
Kevin Lewis
Outgoing Director
Director → Outgoing Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Susan Hammond
Outgoing Director
Board of Directors Vice Ch → Director, 2022
Director → Outgoing Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Debby Miller
Director
Director → Outgoing Director, 2024
Outgoing Director → Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Devin Cook
Director
On filings since 2021
1 hr/week
No compensation reported
Jeannette Andre
Director
On filings since 2021
1 hr/week
No compensation reported
Adler Prioly
Director
On filings since 2022
1 hr/week
No compensation reported
Jason Parent
Director
On filings since 2022
1 hr/week
No compensation reported
Safiya Khalid
Outgoing Director
Director → Outgoing Director, 2025
On filings since 2022
1 hr/week
No compensation reported
Sean Dundon
Director
On filings since 2022
1 hr/week
No compensation reported
C. Shawn Yardley
Director
On filings since 2024
1 hr/week
No compensation reported
Dan Belyea
Director
On filings since 2024
1 hr/week
No compensation reported
Francis Lutz
Director
On filings since 2024
1 hr/week
No compensation reported
Joshua Davis
Outgoing Director
Director → Outgoing Director, 2025
On filings since 2024
1 hr/week
No compensation reported
Angela Tennett
Director
New on the 2025 filing
1 hr/week
No compensation reported
Darrell Ingram
Director
New on the 2025 filing
1 hr/week
No compensation reported
Dhivya Singaram
Director
New on the 2025 filing
1 hr/week
No compensation reported
Matthew Lewis
Director
New on the 2025 filing
1 hr/week
No compensation reported
Rhiannon Hampson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jennifer Sporzynski
Chief Program Officer
Senior Vice President, Workforce & Business → Senior Vice President, Workforce & Business Development, 2024
Senior Vice President, Workforce & Business Development → Chief Program Officer, 2025
On filings since 2021
40 hrs/week
$102K (2021) → $153K (2025)
Daniel Wallace
Chief Investment Officer
On filings since 2022
40 hrs/week
$107K (2022) → $165K (2025)
Laura Buxbaum
Senior Vice President, Policy & Resource Devt
Senior Vice President, Public Policy & Resou → Senior Vice President, Policy & Resource Development, 2024
Senior Vice President, Policy & Resource Development → Senior Vice President, Policy & Resource Devt, 2025
On filings since 2022
40 hrs/week
$103K (2022) → $122K (2025)
Colleen Ippolito
Chief People Officer & Secretary
Senior Vice President, Human Resources & Office Administration → Senior Vice President, Hr, Office Administrator & Secretary, 2024
Senior Vice President, Hr, Office Administrator & Secretary → Chief People Officer & Secretary, 2025
On filings since 2023
40 hrs/week
$121K (2023) → $121K (2025)
Teresa Jankovic
CFO
Outsourced CFO → CFO & Treasurer, 2024
CFO & Treasurer → CFO, 2025
On filings since 2023
40 hrs/week
$107K (2023) → $237K (2025)
Benjamin Kramer
Treasurer
New on the 2025 filing
40 hrs/week
$118K (2025)
Catherine Van Dusen Godschalk
Vice Chair
Director → Vice Chair, 2022
On filings since 2019
1 hr/week
No compensation reported
Former officers (24)
- Former: Angela T. Butler (2019–2024) — Director
- Former: Chip Newell (2019–2024) — Outgoing Director
- Former: Ian Yaffe (2019–2024) — Outgoing Director
- Former: John Dorrer (2019–2024) — Outgoing Director
- Former: Scott G. Kenney (2019–2024) — Outgoing Director
- Former: Krystal Williams (2022–2024) — Outgoing Director
- Former: Kelsie Bouchard (2024) — Director, Cei Notes & Portfolio Management
- Former: Josh Davis (2019–2023) — Director
- Former: Briana Warner (2021–2023) — Outgoing Director
- Former: Christa Velasquez (2019–2022) — Director
- Former: David Wedick (2019–2022) — Chief Financial Officer
- Former: Elizabeth Rogers (2019–2022) — Senior Vice President & Communications
- Former: Jesse Cole (2019–2022) — Director
- Former: John Egan (2019–2022) — Director
- Former: Regina Phillips (2019–2022) — Director
- Former: Cordelia T. Pitman Ra Leed Ap (2021–2022) — Director
- Former: Jennifer Harris (2022) — Senior Vice President & Food Systems Strategies
- Former: Cordelia Pitman (2019–2020) — Director
- Former: Justin Maxson (2019–2020) — Director
- Former: Karin Gregory (2019–2020) — Outgoing Director
- Former: Stewart Smith (2019–2020) — Director
- Former: David Vail (2019) — Outgoing Director
- Former: Glenn Cummings (2019) — Outgoing Director
- Former: Jennifer Kanwit (2019) — Assistant Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $260K, to Elisabeth Biemann (Chief Executive Officer). 10 officers or directors reported compensation on that filing.
Frequently asked questions about Coastal Enterprises Inc
How much does Coastal Enterprises Inc give each year?
Coastal Enterprises Inc gave $1.8M across 35 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $4.2M across 91 grants.
What is Coastal Enterprises Inc's typical grant size?
Coastal Enterprises Inc's median grant in 2025 was $30,000, and its average grant was $51,026, across 35 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Coastal Enterprises Inc that year got $27K on average.
Where does Coastal Enterprises Inc give grants?
Coastal Enterprises Inc gives mostly in Maine: 91% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Lewiston, ME (4 grants), Portland, ME (3 grants), Kingfield, ME (2 grants) and Readfield, ME (2 grants).
Does Coastal Enterprises Inc give general operating support?
Not in 2025: none of the 35 grants with a stated purpose on Coastal Enterprises Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Child Care Infrastructure Grant Program" (35 grants).
Who are Coastal Enterprises Inc's largest grantees?
Coastal Enterprises Inc's largest 2025 grantees include Community Concepts Inc ($212,500), Kennebec Valley Community Action Program ($212,500) and Beth Brunswick Memorial Fund for Children ($150,000), according to its 2025 IRS Form 990. Together they received 32% of its itemized 2025 grant dollars.
How large is Coastal Enterprises Inc?
Coastal Enterprises Inc reported $166.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $19.9M.
What is Coastal Enterprises Inc?
Coastal Enterprises Inc is a public charity focused on Housing & Shelter, based in Brunswick, ME. It holds $166.6M in total assets as of 2025.
What is Coastal Enterprises Inc's EIN?
Coastal Enterprises Inc's EIN (Employer Identification Number) is 01-0347504. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Coastal Enterprises Inc by hand.
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Coastal Enterprises Inc down — hundreds of funders to go?