Santa Monica Bay Foundation
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Playa Del Rey, CA
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 33-0420271
Organization Overview
Santa Monica Bay Foundation, operating under the name The Bay Foundation, is located in Playa Del Rey, CA. The organization was established in 1991. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 06/2022, Bay Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Foundation 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, Bay Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO RESTORE AND PROTECT THE SANTA MONICA BAY AND ITS 400 SQUARE MILE WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARINE PROGRAM CONDUCTS RESEARCH, MONITORING, AND RESTORATION ACTIVITIES IN COASTAL MARINE HABITATS. PROJECTS THIS YEAR FOCUSED ON KELP FOREST RESTORATION, EELGRASS HABITAT RESTORATION, ABALONE SPECIES RECOVERY AND RESEARCH ON HARMFUL ALGAL BLOOMS AND CLIMATE CHANGE. THE RESTORATION AND ENHANCEMENT OF MARINE HABITATS INCREASE RESILIENCE ACROSS A DIVERSITY OF ECOSYSTEMS WHILE SUPPORTING LOCAL RECREATIONAL OPPORTUNITIES AND RELATED COASTAL ECONOMIES. DATA COLLECTED FROM THESE PROJECTS ALSO FURTHER OUR UNDERSTANDING OF THE IMPACTS FROM CLIMATE CHANGE AND INFORMS ADAPTIVE MANAGEMENT.
THE SANTA MONICA BAY NATIONAL ESTUARY PROGRAM, SMBNEP, IS ONE OF 28 NATIONAL PROGRAMS ESTABLISHED UNDER SECTION 320 OF THE 1987 CLEAN WATER ACT. THE FOCUS OF SMBNEP FOR THE YEAR INCLUDED A DIVERSITY OF EFFORTS TO PROTECT, ENHANCE, AND IMPROVE ECOSYSTEMS TO IMPROVE WATER AVAILABILITY AND QUALITY, ENHANCE SOCIO ECONOMIC BENEFITS, PUBLIC ENGAGEMENT AND EDUCATION, MITIGATE IMPACTS AND INCREASE RESILIENCY TO CLIMATE CHANGE, IMPROVE MONITORING AND THE ABILITY TO ASSESS EFFECTIVENESS. THE ORGANIZATION ALSO DRAFTED A COMPREHENSIVE MONITORING PROGRAM FOR THE REGION, PUBLISHED REPORTING DOCUMENTS AND HELD MEETINGS.
THE WATERSHED PROGRAM CONDUCTS RESEARCH, MONITORING, AND RESTORATION ACTIVITIES IN COASTAL HABITATS SUCH AS WETLANDS, BEACHES, DUNES AND STREAMS. PROJECTS THIS YEAR FOCUSED ON RESTORING DUNES AND SANDY COASTAL HABITATS TO PROTECT INFRASTRUCTURE AND INCREASE CLIMATE CHANGE RESILIENCE ALONG OUR COAST TO BENEFIT WILDLIFE AND PEOPLE. PROJECTS INCLUDED RESTORING NATIVE VEGETATION AT VARIOUS SITES, CONDUCTING COMMUNITY ENGAGEMENT, AND RESTORATION AND MONITORING OF THE LARGEST REMAINING CONTIGUOUS COASTAL DUNE SYSTEM IN SOUTHERN CALIFORNIA, LAX DUNES. ADDITIONAL RESEARCH INCLUDED BEACH CHARACTERIZATION STUDIES, SITE SUITABILITY MODELS, CLIMATE MODELING, AND MICRO PLASTICS.
ALL OTHER PROGRAMS INCLUDING BOATER EDUCATION AND COMMUNITY OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ford Chief Executive Officer | Officer | 40 | $187,750 |
Marcelo Villagomez Operations Officer | Officer | 40 | $128,123 |
Tracy Egoscue Director | Trustee | 25 | $26,565 |
L Doss Hertz Financial Officer | OfficerTrustee | 15 | $0 |
Jeff Klocke Secretary | OfficerTrustee | 15 | $0 |
Kathryn Vernez Vice President | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,121,893 |
| Membership dues | $0 |
| Fundraising events | $47,393 |
| Related organizations | $0 |
| Government grants | $1,881,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,074,682 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,321 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,100,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $315,873 |
| Compensation of current officers, directors, key employees. | $76,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $831,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,955 |
| Payroll taxes | $84,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,065 |
| Fees for services: Accounting | $87,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $800,166 |
| Advertising and promotion | $0 |
| Office expenses | $33,465 |
| Information technology | $6,173 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $67,422 |
| All other expenses | $0 |
| Total functional expenses | $2,630,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,062,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,028,621 |
| 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 | $35,659 |
| Net Land, buildings, and equipment | $42,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,169,499 |
| Accounts payable and accrued expenses | $207,503 |
| Grants payable | $0 |
| Deferred revenue | $193,784 |
| Tax-exempt bond liabilities | $0 |
| 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 | $81,607 |
| Total liabilities | $482,894 |
| Net assets without donor restrictions | $1,022,403 |
| Net assets with donor restrictions | $664,202 |
| 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 | $2,169,499 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Santa Monica Bay Foundation has recieved totaling $71,851.
| Awarding Organization | Amount |
|---|---|
Restore Americas Estuaries Arlington, VA PURPOSE: COMMUNITY BASED COASTAL HABITAT RESTORATION | $37,834 |
Coastal Quest Berkeley, CA PURPOSE: Marine Protected Area Support | $34,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Columbia Estuary Partnership Portland, OR | $6,854,633 | $13,854,063 |
Rose Foundation For Communities And The Environment Oakland, CA | $13,720,278 | $9,215,891 |
Martis Fund Truckee, CA | $15,628,296 | $4,571,050 |
Swift Foundation Santa Barbara, CA | $66,818,197 | $1,459,109 |
Bay Area Industry Promotion Fund Oakland, CA | $19,424,290 | $5,651,706 |
Santa Monica Bay Foundation Playa Del Rey, CA | $2,169,499 | $3,100,072 |
Sherman Foundation Newport Beach, CA | $20,971,786 | $2,966,996 |
Inner City Education Family Los Angeles, CA | $28,478,454 | $2,246,800 |
Lake Tahoe Conservation Fund Tahoe City, CA | $9,891,050 | $3,551,350 |
Downtown Community Benefit District San Francisco, CA | $6,294,654 | $4,010,272 |
Living Coast Discovery Center Chula Vista, CA | $2,266,287 | $2,278,037 |
Laguna Canyon Foundation Laguna Beach, CA | $2,996,372 | $1,580,219 |