EIN 01-0347504

Coastal Enterprises (CEI)

Name: Coastal Enterprises (CEI) financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Brunswick

State

Maine

Year formed

1977

Most recent tax filings

2023-09-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Coastal Enterprises Inc (CEI) is a mission-driven lender and investor helping to create economically and environmentally healthy communities.

Total revenues

$22,641,314

2023

Total expenses

$18,685,864

2023

Total assets

$125,867,837

2023

Num. employees

2023

Program areas at CEI

To help create opportunities for communities and individuals, especially those with low incomes, by developing and administering programs and mobilizing funds to stimulate economic activity through investment, technical assistance, research and education primarily in small businesses, social services, affordable housing and community facilities.

Grants made by CEI

Grantee	Grant description	Grant year	Amount
Summit Community Church	Child Care Infrastructure Grant Program	2023-09	$250,000
Boys&girls Clubs of Kennebec Valley	Child Care Infrastructure Grant Program	2023-09	$250,000
Seedlings To Sunflowers	Child Care Infrastructure Grant Program	2023-09	$187,500
...and 6 more grants made

Who funds Coastal Enterprises (CEI)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Builders Initiative Foundation	2022-12	To Support Growing Maine's Sustainable Shellfish and Seaweed Aquaculture Industry	$696,118
NeighborWorks America	2023-09	General Support	$617,267
Opportunity Finance Network (OFN)	2023-12	Finance Justice Fund Subgrant	$500,000
...and 10 more grants received

Personnel at CEI

Name	Title	Compensation	Date of data
Betsy Biemann	Chief Executive Officer	$0	2024-10-21
Sam Spencer	Chief Executive Officer and Managing Director		2024-10-21
Traci Vaine	Chief Executive Officer		2024-10-21
Jesse McKinnell	Chief Operating Officer		2023-11-07
Daniel Wallace	Chief Investment Officer	$119,391	2024-10-21
...and 32 more key personnel

Financials for CEI

Revenues	FYE 09/2023	FYE 09/2022	% Change
Total grants, contributions, etc.	$13,666,377	$8,306,945	64.5%
Program services	$3,931,407	$2,888,229	36.1%
Investment income and dividends	$550,713	$88,880	519.6%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$3,323,805	$1,538,906	116%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$1,169,012	$791,559	47.7%
Total revenues	$22,641,314	$13,614,519	66.3%

Form 990s for CEI

Fiscal year ending	Date received by IRS	Form	PDF link
2023-09	2024-08-15	990	View PDF
2022-09	2023-08-15	990	View PDF
2021-09	2022-08-15	990	View PDF
2020-09	2021-08-12	990	View PDF
2019-09	2020-10-08	990	View PDF
...and 10 more Form 990s

Organizations like CEI

Organization	Type	Location	Revenue
Low Income Investment Fund (LIIF)	501(c)(3)	San Francisco, CA	$107,952,700
Mountain Association	501(c)(3)	Berea, KY	$8,094,633
Ohio Community Development Finance Fund	501(c)(3)	Columbus, OH	$16,922,285
Midwest Minnesota Community Development Corporation	501(c)(3)	Detroit Lakes, MN	$6,318,095
Washington Area Community Investment Fund	501(c)(3)	Washington, DC	$7,616,507
Florida Community Loan Fund (FCLF)	501(c)(3)	Orlando, FL	$15,185,807
I2e	501(c)(3)	Oklahoma City, OK	$6,662,200
Community Reinvestment Fund (CRF)	501(c)(3)	Minneapolis, MN	$55,474,462
Boston Community Capital Venture Fund	501(c)(3)	Boston, MA	$7,927,140
The national Development council	501(c)(3)	New York, NY	$35,945,507

Data update history

September 26, 2024

Posted financials

Added Form 990 for fiscal year 2023

September 22, 2024

Used new vendors

Identified 2 new vendors, including , and

September 22, 2024

Updated personnel

Identified 1 new personnel

September 21, 2024

Received grants

Identified 1 new grant, including a grant for $617,267 from NeighborWorks America

July 14, 2024

Received grants

Identified 2 new grant, including a grant for $200,000 from The Bank of America Charitable Foundation

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities

Issues

Human servicesCommunity improvementHousingEconomic developmentBusiness and industry

Characteristics

Political advocacyLobbyingReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 30 Federal St; Brunswick, ME 04011
Metro area: Portland-South Portland, ME
County: Cumberland County, ME
Website URL: ceimaine.org
Phone: (207) 504-5900
Facebook page: CEIMaine
Twitter profile: @ceimaine

IRS details

EIN: 01-0347504
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1977
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Central organization

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Coastal Enterprises (CEI)

Program areas at CEI

Grants made by CEI

Who funds Coastal Enterprises (CEI)

Personnel at CEI

Financials for CEI

Form 990s for CEI

Organizations like CEI

Nonprofits

Product

Customers

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