Coastal Virginia Building Industry
Coastal Virginia Building Industry is a private foundation, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $986K in total assets. In 2024, it awarded 34 grants totaling $45K. Net investment income was $63K.
Key facts about Coastal Virginia Building Industry
- EIN
- 54-6057730
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $45,400
- Grants made (2024)
- 34
- Average grant
- $1,335
- Median grant
- $1,250
- Total assets
- $985,644
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Coastal Virginia Building Industry funds
By grant dollars, the top recipient states for Coastal Virginia Building Industry's 34 itemized 2024 grants were Virginia (100%). The most frequent recipient cities were Virginia Beach, VA (34 grants). None of its 34 grants with a stated purpose were described as general or operating support. Recurring purposes include "Educational Scholarship" (34 grants).
How Coastal Virginia Building Industry gives
- Giving grew 51% from 2021 to 2024. Method
- In 2024 it paid out 118% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Coastal Virginia Building Industry
- How to evaluate Coastal Virginia Building Industry as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$986K
+4.6% YoY
Annual Giving
$45K
+118.8% YoY
Grant Count
34
+41.7% YoY
Avg Grant Size
$1K
+54.4% YoY
Under IRS private-foundation payout rules, Coastal Virginia Building Industry reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About Coastal Virginia Building Industry
Based on IRS filings
Coastal Virginia Building Industry is a private foundation, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $986K in total assets. In 2024, it awarded 34 grants totaling $45K. Net investment income was $63K.
Ready to take the next step with Coastal Virginia Building Industry?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 34 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $985,644 | $941,965 | $855,410 |
| Revenue | $75,792 | $47,042 | $27,517 |
| Expenses | $67,053 | $40,490 | $71,408 |
| Qualifying Distributions | $55,159 | $29,803 | $60,724 |
| Net Investment Income | $62,598 | $32,805 | $10,733 |
| Distributable Amount | $46,649 | $43,304 | $44,954 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Joslyn Haeselin ($3,750), Amya Clark ($2,500), Jada Clifton ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| JOSLYN HAESELIN Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $3,750 |
| AMYA CLARK Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| JADA CLIFTON Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| CLAIRE MILLS Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| BROOKE DEMPSEY Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| NOELLE INGRAM Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| SONIA KEKEH Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| KYLEE VOLPE Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $2,500 |
| TRINITY ALLEN Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $1,875 |
| KAYLA WASHINGTON Virginia Beach, VA | EDUCATIONAL SCHOLARSHIP | $1,875 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Brian McLellon | President | 4 | — |
| Colby Raymond | Vice President | 4 | — |
| Matthew Abbitt | Treasurer | 4 | — |
| Fred Napolitano III | Secretary | 4 | — |
| Rod Adkins | Director | 4 | — |
| Jeff Bruzzesi | Director | 4 | — |
| Barbara Ewell | Director | 4 | — |
| Ross Morgan | Director | 4 | — |
| Paul Wallace | Director | 4 | — |
| Adam Carroll | Director | 4 | — |
| Bob Evans | Director | 4 | — |
| Grace Gillespie | Director | 4 | — |
| Frank Hruska | Director | 4 | — |
| Stephen Quick | Director | 4 | — |
| John Barnes | Director | 4 | — |
| Matt Benson | Director | 4 | — |
| Donnie Cross | Director | 4 | — |
| Vincent Napolitano II | Director | 4 | — |
| Don Weeks | Director | 4 | — |
| Laurie Arcand | Director | 4 | — |
| Greg Harrell | Director | 4 | — |
| Melissa Queeney | Director | 4 | — |
| Tommy Salas | Director | 4 | — |
| Cole Trower | Director | 4 | — |
| Adam Brown | Director | 4 | — |
| Chris Morin | Director | 4 | — |
| Shirley Sasser | Director | 4 | — |
| Troy Smith Jr | Director | 4 | — |
| Diane Stein | Director | 4 | — |
| Clay Tourault | Director | 4 | — |
| Robert Criner | Director | 4 | — |
| Steve Cunningham | Director | 4 | — |
| Steve Lawson | Director | 4 | — |
| Bob Deacon | Director | 4 | — |
| Bill Desteph | Director | 4 | — |
| Brenda Reid | Director | 4 | — |
| John Olivieri | Director | 4 | — |
| Ryan Rose | Director | 4 | — |
| Charlie Gunter | Director | 4 | — |
| Kelly Schneider | Director | 4 | — |
| Timothy O Trant II | Director | 4 | — |
| Kim Curtis | Director | 4 | — |
| Racheal Dembitz | Director | 4 | — |
| Kerri Woodward | Director | 4 | — |
| Jeff Ainslie | Director | 4 | — |
| John Ainslie | Director | 4 | — |
| John Napolitano | Director | 4 | — |
| Vincent a Napolitano | Director | 4 | — |
| Michael Newsome | Director | 4 | — |
| Frederick Napolitano Sr | Director | 4 | — |
| Robin Newhouse | Director | 4 | — |
| Mike Rashkind | Director | 4 | — |
| Bob Widener | Director | 4 | — |
| Patrick Reynoldstu Ritter | Director | 4 | — |
| Jenny Edgerton | Director | 4 | — |
| Tuck Bowie | Director | 4 | — |
| Ray Breeden | Director | 4 | — |
| Sam Cohen | Director | 4 | — |
| Ricky Edgerton | Director | 4 | — |
| William Fanney | Director | 4 | — |
| Richard Guy | Director | 4 | — |
| Larry Hill | Director | 4 | — |
| Doyle Hull | Director | 4 | — |
| Chip Iuliano | Director | 4 | — |
| Pete a Kotarides | Director | 4 | — |
| Randy Lenz | Director | 4 | — |
| John Peterson | Director | 4 | — |
| Doug Smith | Director | 4 | — |
| Jeff Wermers | Director | 4 | — |
| Lyle Wermers | Director | 4 | — |
| Erin Widener McConnell | Director | 4 | — |
| Don Williams | Director | 4 | — |
| Bob Lawson | Director | 4 | — |
| Paul Criner | Director | 4 | — |
| Fred Napolitano II | Director | 4 | — |
| Tu Ritter | Director | 4 | — |
| David Blalock | Director | 4 | — |
| Eric Sasser | Director | 4 | — |
Frequently Asked Questions
How large is Coastal Virginia Building Industry?
As of 2024, Coastal Virginia Building Industry holds $986K in total assets with $76K in annual revenue. It awarded 34 grants totaling $45K in 2024.
Where does Coastal Virginia Building Industry operate?
Coastal Virginia Building Industry has awarded grants in Virginia.
What size grants does Coastal Virginia Building Industry award?
In 2024, Coastal Virginia Building Industry awarded 34 grants totaling $45K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Coastal Virginia Building Industry required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Coastal Virginia Building Industry reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Coastal Virginia Building Industry's EIN?
Coastal Virginia Building Industry's EIN (Employer Identification Number) is 54-6057730. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.