Chesapeake Research Consortium Inc
- Assets
- $930.2k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Edgewater, MD
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 23-7245037
Organization Overview
Chesapeake Research Consortium Inc is located in Edgewater, MD. The organization was established in 1973. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 06/2022, Chesapeake Research Consortium Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Research Consortium Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Chesapeake Research Consortium Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chesapeake Research Consortium Inc has awarded 48 individual grants totaling $1,842,980. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE RESEARCH AND SERVICE ACTIVITIES ON THE CHESAPEAKE BAY AND THE GEOGRAPHICALLY CONTIGUOUS ENVIRONMENTAL REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT SCIENTIFIC RESEARCH AND COMMUNICATION THROUGH MANAGEMENT OF THE SCIENTIFIC AND TECHNICAL ADVISORY COMMITTEE TO THE EPA CHESAPEAKE BAY PROGRAM. ACTIVITIES PROVIDED SCIENTIFIC INPUT THAT WOULD NOT HAVE OTHERWISE BEEN POSSIBLE.
PROVIDE SUPPORT AND SERVICES FOR FISHERIES AND MODELING RESEARCH RELATED TO THE CHESAPEAKE BAY. ACTIVITIES INVOLVE RESEARCH, CREATING PARTNERSHIPS TO MAXIMIZE RESEARCH EFFORTS, AND WORKSHOPS TO PROVIDE FOR COMMUNICATION IN THE SCIENTIFIC FIELD. CRC AND THE CHESAPEAKE COMMUNITY MODELING PROGRAM CONVENED THE 2022 BIENNIAL SYMPOSIUM ON JUNE 6-8, 2022 FOR APPROXIMATELY 270 HYBRID ATTENDEES. THIS YEAR'S SYMPOSIUM WAS KNOWN AS THE CHESAPEAKE BAY RESTORATION, RESILIANCE, AND REFLECTION: PROGRESS AND FUTURE CHALLENGES.
OTHER RESEARCH AND TRAINING PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Fred C Dobbs Chair | OfficerTrustee | 1 | $0 |
Dr Anson Hines Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Institutional Principal | 1 | $0 | |
Name Not Listed Institutional Principal | 1 | $0 | |
Name Not Listed Institutional Principal | 1 | $0 | |
Name Not Listed Institutional Principal | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,975,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,975,107 |
| Total Program Service Revenue | $106,101 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,081,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,821 |
| Grants and other assistance to domestic individuals. | $91,349 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,817 |
| Compensation of current officers, directors, key employees. | $155,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $187,007 |
| Payroll taxes | $86,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,188 |
| Advertising and promotion | $0 |
| Office expenses | $37,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,673 |
| Travel | $10,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,228 |
| Insurance | $6,254 |
| All other expenses | $0 |
| Total functional expenses | $2,042,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $358,022 |
| Accounts receivable, net | $439,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,430 |
| Total assets | $930,173 |
| Accounts payable and accrued expenses | $182,624 |
| Grants payable | $467,422 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $650,046 |
| Net assets without donor restrictions | $280,127 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $930,173 |
Grants Awarded
Over the last fiscal year, Chesapeake Research Consortium Inc has awarded $181,821 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA INSTITUTE OF MARINE SCIENCE PURPOSE: ASSIST IN SCIENTIFIC RESEARCH | $32,707 |
MARYLAND DNR PURPOSE: ASSIST IN SCIENTIFIC RESEARCH | $54,514 |
GREEN FIN STUDIO PURPOSE: ASSIST IN SCIENTIFIC RESEARCH | $18,291 |
VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY PURPOSE: ASSIST IN SCIENTIFIC RESEARCH | $45,136 |
UNIVERSITY OF MARYLAND CES PURPOSE: ASSIST IN SCIENTIFIC RESEARCH | $16,173 |
BAY JOURNAL MEDIA PURPOSE: ASSIST IN SCIENTIFIC RESEARCH | $15,000 |