Santa Monica Bay Foundation
- Assets
- $2.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Playa Del Rey, CA
- Founding
- 08/1991
- Data as of
- 06/2023
- EIN
- 33-0420271
Organization Overview
Santa Monica Bay Foundation, operating under the name The Bay Foundation, is located in Playa Del Rey, CA. The organization was established in 1991. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 06/2023, Bay Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Foundation 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 06/2023, Bay Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 7.9% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO RESTORE AND PROTECT THE SANTA MONICA BAY AND ITS 400 SQUARE MILE WATERSHED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OCEAN RESILIENCE PROGRAM CONDUCTS RESEARCH, MONITORING AND RESTORATION ACTIVITIES IN COASTAL MARINE HABITATS. PROJECTS FOCUSED ON KELP FOREST RESTORATION, EELGRASS HABITAT RESEARCH AND RESTORATION, ABALONE SPECIES RECOVERY, AND OCEANOGRAPHIC BIOPHYSICAL MONITORING RELATED TO CLIMATE CHANGE. THE RESTORATION AND ENHANCEMENT OF MARINE HABITATS INCREASED ECOSYSTEM STRUCTURE AND FUNCTION WHILE SUPPORTING LOCAL RECREATIONAL OPPORTUNITIES AND RELATED COASTAL ECONOMIES. DATA COLLECTED FROM THESE PROJECTS FURTHER OUR UNDERSTANDING OF THE IMPACTS FROM CLIMATE CHANGE AND INFORMS ADAPTIVE MANAGEMENT OF THESE PROJECTS.
OTHER PROGRAMS SERVICED BY THE BAY FOUNDATION
THE SANTA MONICA BAY NATIONAL ESTUARY PROGRAM, SMBNEP, IS ONE OF 28 NATIONAL PROGRAMS ESTABLISHED UNDER SECTION 320 OF THE 1987 CLEAN WATER ACT. THE FOCUS OF SMBNEP FOR THE YEAR INCLUDED A DIVERSITY OF EFFORTS TO PROTECT, ENHANCE, AND IMPROVE ECOSYSTEMS TO IMPROVE WATER AVAILABILITY AND QUALITY, ENHANCE SOCIO ECONOMIC BENEFITS, ENGAGE AND EDUCATE THE PUBLIC, AND INCREASE RESILIENCY TO CLIMATE CHANGE.
THE COASTAL ADAPTATION PROGRAM CONDUCTS RESEARCH, MONITORING, AND RESTORATION ACTIVITIES IN COASTAL HABITATS SUCH AS BEACHES, DUNES, WETLANDS, AND STREAMS. PROJECTS THIS YEAR FOCUSED ON RESTORING DUNES AND BEACHES TO PROTECT INFRASTRUCTURE AND INCREASE BIODIVERSITY. THESE EFFORTS INVOLVED COMMUNITY ENGAGEMENT AND VOLUNTEER RESTORATION EVENTS AT THE LAX DUNES AND ALONG THE BEACHES OF LOS ANGELES COUNTY. DATA COLLECTED FROM THESE PROJECTS FURTHER OUR UNDERSTANDING OF THE IMPACTS FROM CLIMATE CHANGE AND INFORMS ADAPTIVE MANAGEMENT OF THESE PROJECTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ford Chief Executive Ofcr | Officer | 45 | $211,000 |
Heather Burdick Director Of Programs | Officer | 45 | $115,000 |
Tracy Egoscue Directorgencounsel | Trustee | 20 | $31,989 |
Laurie Newman President | Officer | 25 | $0 |
Kathryn Vernez Vice President | Officer | 15 | $0 |
Laura Doss-Hertz Financial Officer | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,376,929 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,307,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,756,881 |
| Total Program Service Revenue | $0 |
| Investment income | $114 |
| 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 | $2,756,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $315,527 |
| Compensation of current officers, directors, key employees. | $38,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $703,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,445 |
| Payroll taxes | $82,671 |
| Fees for services: Management | $48,076 |
| Fees for services: Legal | $31,989 |
| Fees for services: Accounting | $97,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $93,758 |
| All other expenses | $0 |
| Total functional expenses | $2,549,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $948,151 |
| Accounts receivable, net | $0 |
| 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 | $30,689 |
| Net Land, buildings, and equipment | $20,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,076,799 |
| Accounts payable and accrued expenses | $138,697 |
| Grants payable | $0 |
| 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 | $44,014 |
| Total liabilities | $182,711 |
| Net assets without donor restrictions | $950,738 |
| Net assets with donor restrictions | $943,350 |
| 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 | $2,076,799 |