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CHARITY REVIEW
Issued: April 2024 Expires: April 2026

Chesapeake Bay Foundation

Accredited Charity
Accredited Charity

Meets Standards
(888) 728-3229
6 Herndon Avenue
Annapolis, MD, 21403
https://www.cbf.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Chesapeake Bay Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to Save the Bay®, and keep it saved, as defined by reaching a 70 on CBF's Health Index."

Year, State Incorporated:
1966, MD

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 the 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 ($1,939,312 or 7%) of CBF's program activities are carried out in conjunction with fundraising appeals.

For the year ended June 30, 2023, Chesapeake Bay Foundation's program expenses were:

Environmental education: $7,643,091

Environmental protection and restoration: $16,272,584

Strategic communications: $3,253,291

Total Program Expenses: $27,168,966

Chief Executive
Hilary Harp Falk, President and Chief Executive Officer

Compensation*
$360,500

Chair of the Board
Otis S. Jones

Chair's Profession / Business Affiliation
Director of the U.S. Financial Services Market, Banking Segment Leader, Otis

Board Size
33

Paid Staff Size
221

*2023 compensation, as reproted by the organziation, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Print advertisements

CBF incurred joint costs of $2,987,161 for informational materials and activities that included fundraising materials. Of those costs $1,939,312 was allocated to program expenses and $1,047,849 was allocated to fundraising expenses.

Fundraising costs were 14% of related contributions. (Related contributions, which totaled $29,149,179, 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, 2023.

Source of Funds
Grants and gifts $20,254,087
Membership contributions $5,852,270
Investment distribution $4,098,370
Other $1,886,446
Donated goods and services $239,952
Education contracts and tuition $1,039,177
Investment gain and distributions, net $1,655,938
Grants and gifts $1,479
Total Income $35,027,719

Programs: 79% Fundraising: 12% Administrative: 9%

Total Income $35,027,719
Total expenses: $34,386,236
  Program expenses $27,168,966
  Fundraising expenses $4,195,840
  Administrative expenses $3,021,430
  Other expenses $0
Income in Excess of Expenses $641,483
Beginning Net Assets $121,228,637
Other Changes In Net Assets $-34,743
Ending Net Assets $121,835,377
Total Liabilities $4,640,005
Total Assets $126,475,382

Note 1: In the above financial section, "other changes in net assets" represents realized gain on interest rate swap ($14,781) and loss on sale of property and equipment (-$49,524).

Note 2: For the year ended June 30, 2023, CBF reported in-kind donations of $239,952 including advertising ($127,662), staff time ($63,486), other services ($36,180), and donated goods ($12,624).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance