Chesapeake Bay Foundation Inc
- Assets
- $125.7m
- Revenue
- $37.5m
- Investments
- $22.9m
- Employees
- 264
- Location
- Annapolis, MD
- Founding
- 04/1966
- Data as of
- 06/2022
- EIN
- 52-6065757
Organization Overview
Chesapeake Bay Foundation Inc is located in Annapolis, MD. The organization was established in 1966. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 06/2022, Chesapeake Bay Foundation Inc employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Bay Foundation 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 Bay Foundation Inc generated $37.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $31.5m during the year ending 06/2022. While expenses have increased by 3.3% 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 Bay Foundation Inc has awarded 82 individual grants totaling $3,299,136. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHESAPEAKE BAY FOUNDATION'S (CBF) MISSION IS TO SAVE THE BAY. SEE SCHEDULE O.
Describe the Organization's Program Activity:
ENVIRONMENTAL PROTECTION AND RESTORATION (EPR)THE ENVIRONMENTAL PROTECTION AND RESTORATION DEPARTMENT'S PRIMARY OBJECTIVE IS TO DRIVE SIGNIFICANT IMPROVEMENTS IN THE HEALTH OF THE CHESAPEAKE BAY AS MEASURED BY CBF'S BAY HEALTH INDEX. CONSISTENT WITH THE CBF STRATEGIC PLAN, THIS INVOLVES DEVELOPING AND RECOMMENDING PRIORITIES FOR THE ORGANIZATION'S POLICY WORK, ENGAGING OUR MEMBERS AND IMPLEMENTING RESTORATION ELEMENTS OF THE PLAN. THE PROGRAM UTILIZES A COMBINATION OF STRATEGIES TO HELP ACHIEVE A REDUCTION IN BAY POLLUTION, RESTORATION OF CRITICAL HABITAT, AND BETTER-MANAGED FISHERIES. SEE SCHEDULE O FOR CONTINUATION (PAGE 52)
EDUCATION CBF'S EDUCATION DEPARTMENT IS RESPONSIBLE FOR LEADING STUDENTS, TEACHERS, AND ADULTS IN HANDS-ON, ON-THE-WATER, ENVIRONMENTAL EDUCATION EXPERIENCES ABOUT THE BAY. THROUGH EDUCATION PROGRAMS, OUR PROFESSIONAL EDUCATORS USE INNOVATIVE TEACHING METHODS TO ENGAGE STUDENTS IN REAL-WORLD ISSUES AND SCIENTIFIC INQUIRY, EXCITING AND ENCOURAGING THEM TO TAKE ACTION TO PROTECT OUR NATURAL RESOURCES. STUDENT LEADERSHIP COURSES DURING THE SUMMER FURTHER TRAIN STUDENT LEADERS FROM HIGH SCHOOLS ACROSS THE REGION. SEE SCHEDULE O FOR CONTINUATION (PAGE 53)
COMMUNICATIONSTHE COMMUNICATIONS DEPARTMENT'S CHARGE IS TO MARKET CBF AND ITS POLICY AGENDA, EDUCATE AND ENGAGE THE PUBLIC, AND MOBILIZE SUPPORT FOR ORGANIZATIONAL PRIORITIES AND BAY RESTORATION EFFORTS. COMMUNICATIONS ALSO MANAGES INTERNAL COMMUNICATIONS AND PUBLIC OPINION RESEARCH. SEE SCHEDULE O FOR CONTINUATION (PAGE 54)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Baker President (through 12/21) | OfficerTrustee | 40 | $356,063 |
Hilary H Falk President (beginning 01/22) | OfficerTrustee | 40 | $0 |
Elizabeth Oliver-Farrow Chair | OfficerTrustee | 4 | $0 |
Otis S Jones Vice Chair | OfficerTrustee | 2 | $0 |
Marnie Abramson Trustee (beginning 01/22) | Trustee | 1 | $0 |
Dara C Bachman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Conrad Brothers Of Va Inc Building Construction | 6/29/22 | $1,503,994 |
Allegiance Fundraising Group Llc Media Consultants | 6/29/22 | $488,376 |
Production Solutions Inc Mass Production Printing | 6/29/22 | $1,243,560 |
Traction Sales & Mrkting Software System Implementation | 6/29/22 | $257,129 |
Delmarva Rc&d Council Inc Landscaping Services | 6/29/22 | $231,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $299,914 |
| Membership dues | $0 |
| Fundraising events | $1,011,486 |
| Related organizations | $0 |
| Government grants | $1,222,306 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,540,602 |
| Noncash contributions included in lines 1a–1f | $5,065,159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,074,308 |
| Total Program Service Revenue | $863,348 |
| Investment income | $2,263,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,195 |
| Net Rental Income | $409,073 |
| Net Gain/Loss on Asset Sales | $3,190,877 |
| Net Income from Fundraising Events | -$379,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,482,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $510,137 |
| 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. | $1,575,464 |
| Compensation of current officers, directors, key employees. | $589,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,173,480 |
| Pension plan accruals and contributions | $440,745 |
| Other employee benefits | $4,066,538 |
| Payroll taxes | $1,115,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,892 |
| Fees for services: Accounting | $98,861 |
| Fees for services: Lobbying | $154,800 |
| Fees for services: Fundraising | $674,760 |
| Fees for services: Investment Management | $255,493 |
| Fees for services: Other | $2,436,599 |
| Advertising and promotion | $143,954 |
| Office expenses | $3,511,150 |
| Information technology | $1,005,883 |
| Royalties | $0 |
| Occupancy | $311,485 |
| Travel | $240,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,934 |
| Interest | $79,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,603,687 |
| Insurance | $486,432 |
| All other expenses | $138,387 |
| Total functional expenses | $31,537,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,544 |
| Savings and temporary cash investments | $26,873,533 |
| Pledges and grants receivable | $10,563,478 |
| Accounts receivable, net | $874,450 |
| 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 | $525,801 |
| Net Land, buildings, and equipment | $29,771,750 |
| Investments—publicly traded securities | $34,123,645 |
| Investments—other securities | $22,854,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,439 |
| Total assets | $125,747,119 |
| Accounts payable and accrued expenses | $1,767,716 |
| Grants payable | $0 |
| Deferred revenue | $1,061,294 |
| Tax-exempt bond liabilities | $1,019,147 |
| 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 | $656,483 |
| Total liabilities | $4,504,640 |
| Net assets without donor restrictions | $39,093,810 |
| Net assets with donor restrictions | $82,148,669 |
| 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 | $125,747,119 |
Grants Awarded
Over the last fiscal year, Chesapeake Bay Foundation Inc has awarded $502,127 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
LYNNHAVEN RIVER NOW PURPOSE: Eastern Oyster Restoration in the Western Branch of the Lynnhaven River | $183,000 |
CHESAPEAKE BAY TRUST PURPOSE: Chesapeake Bay Trust Grant Program Administration | $127,206 |
VIRGINIA DEPARTMENT OF FORESTRY COMMONWEALTH OF VIRGINIA PURPOSE: Mountains to Bay Grazing Alliance to promote rotational grazing | $38,306 |
SOLAR OYSTERS LLC PURPOSE: Restoring Oysters in the Baltimore Harbor | $37,500 |
ALLIANCE FOR THE CHESAPEAKE BAY PURPOSE: Accelerating Riparian Forest Buffer Implementation in Priority Pennsylvania Counties | $21,949 |
CAPITAL RC&D AREA COUNCIL INC PURPOSE: Mountains to Bay Grazing Alliance to promote rotational grazing | $33,311 |