Chesapeake Bay Foundation Inc
- Assets
- $126.3m
- Revenue
- $37.6m
- Investments
- $24.2m
- Employees
- 248
- Location
- Annapolis, MD
- Founding
- 04/1966
- Data as of
- 06/2020
- 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 06/2021, Chesapeake Bay Foundation Inc employed 248 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 06/2020, Chesapeake Bay Foundation Inc generated $37.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $28.9m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 6 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 84 individual grants totaling $3,160,565. 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
2020
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:
Part 3 - Line 4a
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 49)
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 50)
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 51)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Baker President | OfficerTrustee | 40 | $360,221 |
David A Fogle Treasurer; Chief Financial Officer | Officer | 40 | $233,035 |
Jon A Mueller Vice President - Litigation | 40 | $210,320 | |
Katharene P Snavely Vice President - Development | Officer | 40 | $189,729 |
Thomas W Ackerman Vice President - Education | Officer | 40 | $177,118 |
Robert J Beach Vice President - Communications | 40 | $166,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Conrad Brothers Of Virginia Inc Building Construction | 6/29/21 | $950,419 |
Production Solutions Inc Mass Production Printing | 6/29/21 | $728,574 |
Beaconfire Red Media Consultants | 6/29/21 | $317,152 |
The Production Advantage Inc Mass Production Printing | 6/29/21 | $493,411 |
Carol Enters List Co Direct Mail Advertising | 6/29/21 | $195,805 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,090,232 |
| Investment income | $578,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,726 |
| Net Rental Income | $215,365 |
| Net Gain/Loss on Asset Sales | $3,634,508 |
| Net Income from Fundraising Events | -$202,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,635,927 |
| Statement of Expenses | |
|---|---|
| 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. | $1,303,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,651,333 |
| Pension plan accruals and contributions | $447,854 |
| Other employee benefits | $3,582,507 |
| Payroll taxes | $1,098,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,696 |
| Fees for services: Accounting | $100,680 |
| Fees for services: Lobbying | $249,200 |
| Fees for services: Fundraising | $668,953 |
| Fees for services: Investment Management | $236,534 |
| Fees for services: Other | $1,703,421 |
| Advertising and promotion | $135,962 |
| Office expenses | $3,016,058 |
| Information technology | $881,628 |
| Royalties | $0 |
| Occupancy | $357,145 |
| Travel | $341,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,896 |
| Interest | $156,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428,379 |
| Insurance | $388,442 |
| All other expenses | $0 |
| Total functional expenses | $28,916,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,234 |
| Savings and temporary cash investments | $22,526,545 |
| Pledges and grants receivable | $15,873,467 |
| Accounts receivable, net | $814,672 |
| 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 | $474,022 |
| Investments—publicly traded securities | $32,345,682 |
| Investments—other securities | $24,248,953 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $245,958 |
| Total assets | $126,294,841 |
| Accounts payable and accrued expenses | $1,508,723 |
| Grants payable | $0 |
| Deferred revenue | $1,360,724 |
| Tax-exempt bond liabilities | $2,415,591 |
| 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 | $1,053,906 |
| Total liabilities | $6,338,944 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $119,955,897 |
Grants Awarded
Over the last fiscal year, Chesapeake Bay Foundation Inc has awarded $761,561 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DELMARVA RC&D COUNCIL INC PURPOSE: Healthy Waters Round Table: Improved Water Quality through Rural Regional Collaboration | $231,168 |
CITY OF HOPEWELL VIRGINIA PURPOSE: Expanding Green Infrastructure, Urban Stream, and Tree Canopy Restoration in Hopewell | $98,900 |
Carlisle, PA PURPOSE: Mountains to Bay Grazing Alliance to promote rotational grazing | $78,370 |
Annapolis, MD PURPOSE: Chesapeake Bay Trust Grant Program Administration | $75,000 |
CITY OF SALISBURY MARYLAND PURPOSE: Healthy Waters Round Table: Improved Water Quality through Rural Regional Collaboration | $63,782 |
HEADWATERS SOIL AND WATER CONSERVATION DISTRICT PURPOSE: Headwaters Agricultural Stewardship Project | $60,648 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Chesapeake Bay Foundation Inc has recieved totaling $371,600.
| Awarding Organization | Amount |
|---|---|
The Joseph E & Marjorie B Jones Foundation Annapolis, MD PURPOSE: MD SCHOOLS ENVRONMENTAL EDUCATION | $125,000 |
Jean T And Heyward G Pelham Foundation Wilmington, DE PURPOSE: LITIGATION PROGRAM | $75,000 |
Owens & Minor Foundation Mechanicsville, VA PURPOSE: SAVE THE BAY - CALLS FOR POLLUTION REDUCTION THROUGHOUT THE CHESAPEAKE'S SIX-STATE, 64,000-SQUARE-MILE WATERSHED, WHICH IS HOME TO MORE THAN 18 MILLION PEOPLE AND 3,000 SPECIES OF PLANTS AND ANIMALS. WE ENGAGE IN EDUCATION, ADVOCACY, LITIGATION AND RESTORATION TO TURN THE TIDE AND LEAVE A LEGACY OF CLEAN WATER FOR FUTURE GENERATIONS. | $50,000 |
Lockhart Vaughan Foundation Inc Baltimore, MD PURPOSE: ENVIRONMENT: SUPPORT EFFORTS TO IMPROVE THE CHESAPEAKE BAY AND ITS WATERSHEDS IN BALTIMORE. | $50,000 |
Brown Family Foundation Inc Butler, MD PURPOSE: UNRESTRICTED | $25,000 |
Jean T And Heyward G Pelham Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $10,000 |
Endowment Analysis
| Beg. Balance | $63,530,119 |
| Earnings | $15,927,131 |
| Net Contributions | $291,075 |
| Other Expense | $3,491,191 |
| Ending Balance | $76,257,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocean Conservancy Inc Washington, DC | $95,022,230 | $49,652,396 |
Chesapeake Bay Foundation Inc Annapolis, MD | $126,294,841 | $37,635,927 |
Global Fishing Watch Inc Washington, DC | $15,008,142 | $8,894,996 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Earth Conservancy Ashley, PA | $31,704,256 | $2,874,276 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
Shorerivers Inc Easton, MD | $2,648,829 | $4,340,458 |
Amazon Conservation Association Washington, DC | $3,109,071 | $3,028,782 |
Delaware Bay And River Cooperative Inc Linwood, PA | $4,814,583 | $3,275,578 |
Waterways Council Inc Washington, DC | $2,198,017 | $3,194,948 |
Anacostia Watershed Society Inc Bladensburg, MD | $2,530,895 | $2,460,530 |
Stream Restoration Incorporated Mars, PA | $510,064 | $2,294,533 |