TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201732279349301848 - Submission: 2017-08-15 TIN: 01-0347504

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

COASTAL ENTERPRISES INC

Employer identification number

01-0347504

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11	LINE 11A EXPLANATION - CEI'S FORM 990 IS THOROUGHLY REVIEWED BY THE DIRECTOR OF ACCOUNTING AND THE CHIEF FINANCIAL OFFICER. THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS BY THE CHIEF FINANCIAL OFFICER. THE COMMITTEE REVIEWS AND DISCUSSES THE FORM 990 AND RELATED SCHEDULES. UPON SATISFACTORY COMPLETION OF THE COMMITTEE'S REVIEW, A RESOLUTION IS PASSED AUTHORIZING THE PRESIDENT TO SIGN THE FORM 8879-EO. A FINAL DRAFT IS MADE AVAILABLE TO THE BOARD BEFORE FILING. THE RETURN IS THEN FILED ELECTRONICALLY.
FORM 990, PART VI, SECTION B, LINE 12C	DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	THE CEO'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS. THE BOARD ALSO APPROVES THE ANNUAL BUDGET, WHICH INCLUDES THE COMPENSATION BUDGET. AN INDEPENDENT CONSULTANT WAS HIRED IN 2014 TO PERFORM A COMPANY-WIDE COMPENSATION ANALYSIS. THE CONSULTANT REVIEWED ALL JOB DESCRIPTIONS AND THEIR RESPECTIVE GRADES WITH THE RESPONSIBLE MANAGER. THE CONSULTANT COMPARED OUR JOBS TO A BASE OF COMPARABLE JOBS IN THE AREA. UPON COMPLETION OF THIS REVIEW, CEI'S SALARY RANGE FOR EACH JOB GRADE WAS SET IN ACCORDANCE WITH THE RANGES OF THE COMPARABLE AREA JOBS. THE CONSULTANT REPORTED HER FINDINGS AND PRESENTED HER RECOMMENDATIONS TO THE MANAGEMENT TEAM AND THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19	THE ANNUAL REPORT IS AVAILABLE ON OUR WEBSITE. WE DO NOT CURRENTLY MAKE OUR GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:	EQUITY CONTRIBUTION TO CEI 7(A) FINANCING LLC 300,000. EQUITY CONTRIBUTION TO 30 FEDERAL STREET INVESTMENTS LLC 10,000.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11

LINE 11A EXPLANATION - CEI'S FORM 990 IS THOROUGHLY REVIEWED BY THE DIRECTOR OF ACCOUNTING AND THE CHIEF FINANCIAL OFFICER. THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS BY THE CHIEF FINANCIAL OFFICER. THE COMMITTEE REVIEWS AND DISCUSSES THE FORM 990 AND RELATED SCHEDULES. UPON SATISFACTORY COMPLETION OF THE COMMITTEE'S REVIEW, A RESOLUTION IS PASSED AUTHORIZING THE PRESIDENT TO SIGN THE FORM 8879-EO. A FINAL DRAFT IS MADE AVAILABLE TO THE BOARD BEFORE FILING. THE RETURN IS THEN FILED ELECTRONICALLY.

FORM 990, PART VI, SECTION B, LINE 12C

DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST.

FORM 990, PART VI, SECTION B, LINE 15

THE CEO'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS. THE BOARD ALSO APPROVES THE ANNUAL BUDGET, WHICH INCLUDES THE COMPENSATION BUDGET. AN INDEPENDENT CONSULTANT WAS HIRED IN 2014 TO PERFORM A COMPANY-WIDE COMPENSATION ANALYSIS. THE CONSULTANT REVIEWED ALL JOB DESCRIPTIONS AND THEIR RESPECTIVE GRADES WITH THE RESPONSIBLE MANAGER. THE CONSULTANT COMPARED OUR JOBS TO A BASE OF COMPARABLE JOBS IN THE AREA. UPON COMPLETION OF THIS REVIEW, CEI'S SALARY RANGE FOR EACH JOB GRADE WAS SET IN ACCORDANCE WITH THE RANGES OF THE COMPARABLE AREA JOBS. THE CONSULTANT REPORTED HER FINDINGS AND PRESENTED HER RECOMMENDATIONS TO THE MANAGEMENT TEAM AND THE BOARD.

FORM 990, PART VI, SECTION C, LINE 19

THE ANNUAL REPORT IS AVAILABLE ON OUR WEBSITE. WE DO NOT CURRENTLY MAKE OUR GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.

FORM 990, PART XI, LINE 9:

EQUITY CONTRIBUTION TO CEI 7(A) FINANCING LLC 300,000. EQUITY CONTRIBUTION TO 30 FEDERAL STREET INVESTMENTS LLC 10,000.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

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