Buzzards Bay Coalition Inc

Organization Overview

Buzzards Bay Coalition Inc is located in New Bedford, MA. The organization was established in 1988. 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 09/2021, Buzzards Bay Coalition Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buzzards Bay Coalition 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 09/2021, Buzzards Bay Coalition Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $4.4m during the year ending 09/2021. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS DEDICATED TO THE PROTECTION, RESTORATION, SUSTAINABLE USE AND ENJOYMENT OF BUZZARDS BAY AND ITS WATERSHED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATERSHED PROTECTION-ACTIVITIES IN OUR WATERSHED PROTECTION PROGRAM INCLUDE LAND CONSERVATION EFFORTS AIMED AT COLLABORATIONS AND ACCELERATING THE RATE OF PERMANENT LAND PROTECTION IN THE BAY WATERSHED. OUR BAY LANDS REVOLVING FUND HELPS LOCAL LAND CONSERVATION INITIATIVES COMPETE IN THE REAL ESTATE MARKET.


SCIENCE & ADVOCACY-BUZZARDS BAY ADVOCACY PROGRAMS WORK AT THE LOCAL, STATE AND FEDERAL LEVEL TO ENCOURAGE SMART GROWTH, PROTECT IMPORTANT WATERSHED LANDS, REDUCE POLLUTION, PREVENT OILS SPILLS AND IMPROVE SEWAGE TREATMENT.


COMMUNITY EMGAGEMENT/EDUCATION- THE COALITION PROVIDES PROGRAMS TO GIVE ALL BAY RESIDENTS THE OPPORTUNITY TO UNDERSTAND, VALUE AND TAKE A ROLE IN PROTECTING THIS IRREPLACEABLE ASSET, BUZZARDS BAY.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Rasmussen
President & CEO
$234,544
Brendan Annett
VP Watershed Protection
$165,362
Korrin Petersen
Senior Attorney
$119,935
Michael Huguenin
Vice-Chair & Asst. Treasurer
$0
Chris Schade
Treasurer
$0
Michael Angelini ESQ
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$277,105
Related organizations$0
Government grants $2,302,861
All other contributions, gifts, grants, and similar amounts not included above$7,842,785
Noncash contributions included in lines 1a–1f $432,546
Total Revenue from Contributions, Gifts, Grants & Similar$10,422,751
Total Program Service Revenue$0
Investment income $123,004
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $37,631
Net Gain/Loss on Asset Sales $161,685
Net Income from Fundraising Events $2,154
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,789,245

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Buzzards Bay Coalition Inc has recieved totaling $51,650.

Awarding OrganizationAmount
The Robertston Foundation

Providence, RI

PURPOSE: COMMUNITY SUPPORT

$50,000
Schaeffer-Phillips Foundation Inc

Darien, CT

PURPOSE: COMMUNITY

$1,000
Marthas Vineyard Bank Charitable Foundation Inc

Edgartown, MA

PURPOSE: EXEMPT PURPOSE

$500
Paul Rizzoli Family Foundation

Boston, MA

PURPOSE: COMMUNITY

$150
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,764,458
Earnings$664,945
Net Contributions$1,720,000
Other Expense$129,450
Ending Balance$7,019,953

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