Chesapeake Bay Foundation meets the 20 Standards for Charity Accountability.
Chesapeake Bay Foundation (CBF) programs aim to restore the Bay. The organization's environmental protection and restoration department has a primary objective to drive significant improvements in the health of the Chesapeake Bay as measured by CBF's Bay Health Index. This involves developing and recommending priorities for CBF's policy work, engaging its members, and implementing restoration elements of the plan. The organization's education department is responsible for leading students, teachers, and adults in hands-on, on-the-water, environmental education experiences about the Bay. CBF's communications department aims to market the organization and its policy agenda, educate and engage the public, and mobilize support for organizational priorities and Bay restoration efforts. Some ($2,756,045 or 11%) of CBF's program activities are carried out in conjunction with fundraising appeals.
For the year ended June 30, 2020, Chesapeake Bay Foundation's program expenses were:
Environmental protection and restoration |
$13,723,623 |
Environmental education |
$6,895,836 |
Strategic communications |
$3,364,628 |
Total Program Expenses: |
$23,984,087 |
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Chief Executive
Hilary Harp Falk, President and CEO
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Compensation*
$0
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Chair of the Board
Elizabeth Oliver-Farrow
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Chair's Profession / Business Affiliation
Owner, Former President and CEO, The Oliver Group, Inc.
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Board Size
32
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Paid Staff Size
199
Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. For the year ended June 30, 2020, William C. Baker was CBF's President and recieved compensation of $279,579. BBB WGA does not have salary information for Ms. Falk at this time.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
CBF incurred joint costs of $3,502,194 for informational materials and activities that included fundraising materials. Of those costs $2,756,045 was allocated to program expenses and $746,149 was allocated to fundraising expenses.
Fundraising costs were 12% of related contributions. (Related contributions, which totaled $33,487,603, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Chesapeake Bay Foundation's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Grants and gifts |
$26,578,632 |
Membership contributions |
$5,515,035 |
Investment distribution |
$3,673,051 |
Donated goods and services |
$1,393,936 |
Education contracts and tuition |
$811,539 |
Other |
$779,001 |
Total Income |
$38,751,194 |
- Programs: 80%
- Fundraising: 13%
- Administrative: 7%
Total Income |
$38,751,194 |
Program expenses |
$23,984,087 |
Fundraising expenses |
$4,013,170 |
Administrative expenses |
$2,338,289 |
Other expenses |
$0 |
Total expenses: |
$30,335,546 |
Income in Excess of Expenses |
$8,415,648 |
Beginning Net Assets |
$111,503,840 |
Other Changes In Net Assets |
$36,409 |
Ending Net Assets |
$119,955,897 |
Total Liabilities |
$6,338,944 |
Total Assets |
$126,294,841 |
Note 1: According to CBF's audited financial statements for the year ended June 30, 2020, the organization recieved in-kind contributions totaling $1,393,936 including $814,000 of donated PSAs.
Note 2: In the above financial section, "other changes in net assets" represents gain on sale of property and equipment and unrealized gain on interest rate swap.