Chesapeake Bay Trust
- Assets
- $22.6m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Annapolis, MD
- Founding
- 06/1986
- Data as of
- 06/2022
- EIN
- 52-1454182
Organization Overview
Chesapeake Bay Trust is located in Annapolis, MD. The organization was established in 1986. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 06/2022, Chesapeake Bay Trust employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Bay Trust 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, Chesapeake Bay Trust generated $16.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $13.8m during the year ending 06/2022. While expenses have increased by 5.2% 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
CHESAPEAKE BAY TRUST IS A PUBLIC, NONPROFIT GRANT-MAKING ORGANIZATION (CONTINUATION SCH. O) CREATED TO PROMOTE PUBLIC AWARENESS OF AND PARTICIPATION IN THE RESTORATION AND PROTECTION OF THE CHESAPEAKE BAY AND ITS TRIBUTARIES. SINCE ITS ESTABLISHMENT IN 1985 BY THE MARYLAND GENERAL ASSEMBLY, THE TRUST HAS AWARDED MORE THAN $140 MILLION IN THE AREAS OF ENVIRONMENTAL EDUCATION, ON-THE-GROUND RESTORATION AND COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION PROGRAMS: ENCOURAGING OUTREACH AND COMMUNITY ENGAGEMENT ACTIVITIES THAT INCREASE STEWARDSHIP ETHIC OF NATURAL RESOURCES AND ON-THE-GROUND RESTORATION ACTIVITIES THAT DEMONSTRATE RESTORATION TECHNIQUES AND ENGAGING RESIDENTS IN THE RESTORATION AND PROTECTION OF THE CHESAPEAKE BAY AND ITS RIVERS.
COMMUNITY STEWARDSHIP: INCREASING PUBLIC AWARENESS AND INVOLVEMENT IN ACTIVITIES THAT RESTORE AND PROMOTE MARYLAND'S NATURAL RESOURCES.
ENVIRONMENTAL EDUCATION: STRIVING TO ADVANCE KINDERGARTEN THROUGH TWELFTH GRADE ENVIRONMENTAL EDUCATION THROUGH EXPERIENTIAL LEARNING, OUTDOOR EXPERIENCES AND CURRICULUM DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana L Davis PHD President | Officer | 40 | $172,121 |
Jeanne Nelson VP Of Finance And Administration | Officer | 40 | $109,455 |
Sadie R Drescher VP Of Programs For Restoration | 40 | $104,991 | |
Kacey M Wetzel VP Of Prog. For Outreach/education | 40 | $103,975 | |
Anthony Murray Leigh Jr Treasurer | OfficerTrustee | 5 | $0 |
John R Valliant Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,956 |
| Related organizations | $0 |
| Government grants | $9,283,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,547,323 |
| Noncash contributions included in lines 1a–1f | $78,210 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,003,723 |
| Total Program Service Revenue | $0 |
| Investment income | $329,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $606,205 |
| Net Income from Fundraising Events | $16,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,001 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,960,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,396,581 |
| Grants and other assistance to domestic individuals. | $654,762 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $323,704 |
| Compensation of current officers, directors, key employees. | $179,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,273,619 |
| Pension plan accruals and contributions | $68,520 |
| Other employee benefits | $160,015 |
| Payroll taxes | $144,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,921 |
| Fees for services: Other | $33,599 |
| Advertising and promotion | $125,288 |
| Office expenses | $30,618 |
| Information technology | $101,861 |
| Royalties | $0 |
| Occupancy | $20,804 |
| Travel | $4,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,844 |
| Interest | $70,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,821 |
| Insurance | $20,669 |
| All other expenses | $0 |
| Total functional expenses | $13,845,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,005,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,241,321 |
| Accounts receivable, net | $30,599 |
| 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 | $133,365 |
| Net Land, buildings, and equipment | $3,052,772 |
| Investments—publicly traded securities | $14,172,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,457 |
| Total assets | $22,649,655 |
| Accounts payable and accrued expenses | $962,588 |
| Grants payable | $0 |
| Deferred revenue | $4,068,214 |
| 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 | $1,689,984 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,720,786 |
| Net assets without donor restrictions | $14,318,001 |
| Net assets with donor restrictions | $1,610,868 |
| 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 | $22,649,655 |
Grants Awarded
Over the last fiscal year, Chesapeake Bay Trust has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEE SCHEDULE I PART IV PURPOSE: RESTORATION, COMMUNITY STEWARDSHIP AND ENVIRONMENTAL EDUCATION | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chesapeake Bay Trust has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Bdm Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Near Southeast Community Partners Washington, DC PURPOSE: TO CLEAN RIVERS | $2,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Student Conservation Association Inc Arlington, VA | $24,445,728 | $38,897,444 |
The Alliance For Climate Protection Washington, DC | $25,753,907 | $26,022,257 |
National Recreation & Park Association Ashburn, VA | $21,753,457 | $20,081,113 |
Clean Future Forum Inc Washington, DC | $8,962,972 | $9,558,489 |
Chesapeake Bay Trust Annapolis, MD | $22,649,655 | $15,960,669 |
Council On Library And Information Resources Alexandria, VA | $9,356,231 | $5,065,712 |
Rights And Resources Institute Inc Washington, DC | $36,334,536 | $33,675,806 |
Business Network For Maryland Offshore Wind Inc Baltimore, MD | $8,195,711 | $11,516,807 |
Environmental Law Institute Inc Washington, DC | $12,016,596 | $6,844,953 |
Oyster Recovery Partnership Inc Annapolis, MD | $2,077,192 | $6,281,689 |
Citizens Conservation Corps Inc Beckley, WV | $2,179,540 | $6,277,989 |
Nature Forward Inc Chevy Chase, MD | $13,470,867 | $5,136,432 |