TY 2017 Form 990 Schedule O

efile Public Visual Render ObjectId: 201942279349301299 - Submission: 2019-08-15 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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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

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 11B	CEI'S FORM 990 IS THOROUGHLY REVIEWED BY THE DIRECTOR OF FINANCE 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 FOR 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.
FORM 990, PART VI, SECTION B, LINE 12C	THE DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY CONFLICT 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 STAFF COMPENSATION BUDGET. IN 2014, CEI ENGAGED AN INDEPENDENT HR CONSULTANT TO PERFORM A COMPANY-WIDE COMPENSATION PROGRAM ANALYSIS. THE CONSULTANT PERFORMED A COMPREHENSIVE REVIEW AND ANALYSIS OF ALL JOB DESCRIPTIONS WITH INPUT FROM THE DEPARTMENT MANAGERS. THE CONSULTANT ALSO CONDUCTED AN EXTERNAL MARKET SURVEY OF COMPARABLE POSITIONS IN THE REGION. USING BOTH THE INTERNAL SALARY INFORMATION AND JOB DESCRIPTION ANALYSES COUPLED EXTERNAL MARKET DATA, THE CONSULTANT HELPED TO DEVELOP POSITION GRADES AND UPDATE SALARY RANGES FOR THE ORGANIZATION. THE FINDINGS AND RECOMMENDED UPDATES TO THE COMPENSATION PROGRAM WERE PRESENTED BY THE HR CONSULTANT TO THE MANAGEMENT TEAM AND BOARD OF DIRECTORS.
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:	TRANSFER OF NET ASSETS 1,319,992. EQUITY TRANSFERS TO 30 FEDERAL STREET INVESTMENT LLC -814,536. EQUITY TRANSFERS TO CEI 7(A) FINANCING LLC -649,254. EQUITY TRANSFERS TO BRIGHT COMMUNITY LOAN FUND I LLC -137,702. EQUITY TRANSFERS TO BRIGHT COMMUNITY CAPITAL HOLDINGS LLC -1,308,887.
FORM 990, PART XII, LINE 2C	THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
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 11B

CEI'S FORM 990 IS THOROUGHLY REVIEWED BY THE DIRECTOR OF FINANCE 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 FOR 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.

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

THE DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY CONFLICT 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 STAFF COMPENSATION BUDGET. IN 2014, CEI ENGAGED AN INDEPENDENT HR CONSULTANT TO PERFORM A COMPANY-WIDE COMPENSATION PROGRAM ANALYSIS. THE CONSULTANT PERFORMED A COMPREHENSIVE REVIEW AND ANALYSIS OF ALL JOB DESCRIPTIONS WITH INPUT FROM THE DEPARTMENT MANAGERS. THE CONSULTANT ALSO CONDUCTED AN EXTERNAL MARKET SURVEY OF COMPARABLE POSITIONS IN THE REGION. USING BOTH THE INTERNAL SALARY INFORMATION AND JOB DESCRIPTION ANALYSES COUPLED EXTERNAL MARKET DATA, THE CONSULTANT HELPED TO DEVELOP POSITION GRADES AND UPDATE SALARY RANGES FOR THE ORGANIZATION. THE FINDINGS AND RECOMMENDED UPDATES TO THE COMPENSATION PROGRAM WERE PRESENTED BY THE HR CONSULTANT TO THE MANAGEMENT TEAM AND BOARD OF DIRECTORS.

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:

TRANSFER OF NET ASSETS 1,319,992. EQUITY TRANSFERS TO 30 FEDERAL STREET INVESTMENT LLC -814,536. EQUITY TRANSFERS TO CEI 7(A) FINANCING LLC -649,254. EQUITY TRANSFERS TO BRIGHT COMMUNITY LOAN FUND I LLC -137,702. EQUITY TRANSFERS TO BRIGHT COMMUNITY CAPITAL HOLDINGS LLC -1,308,887.

FORM 990, PART XII, LINE 2C

THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.

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) 2017

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