Chesapeake Bay Foundation, Inc.

Save the Bay

aka CBF | Annapolis, MD | www.cbf.org

GuideStar Charity Check

EIN: 52-6065757

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

View summary

Charity Check report

Mission

CBF's mission is: Save the Bay®, and keep it saved, as defined by reaching a 70 on CBF's Health Index. The Chesapeake Bay and its tributary rivers, broadly recognized as a national treasure, will be highly productive and in good health as measured by established water quality standards. The result will be clear water, free of impacts from toxic contaminants, and with healthy oxygen levels. Natural filters on both the land and in the water will provide resilience to the entire Chesapeake Bay system and serve as valuable habitat for both terrestrial and aquatic life.

Ruling year info

1966

President & CEO

Hilary Harp Falk

Main address

Philip Merrill Environmental Center 6 Herndon Avenue

Annapolis, MD 21403 USA

Show more contact info

EIN

52-6065757

Subject area info

Environmental justice

Climate change

Water resources

Biodiversity

Environmental education

Show more subject areas

Population served info

Children and youth

Adults

NTEE code info

Natural Resource Conservation and Protection (C30)

Environmental Education and Outdoor Survival Programs (C60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Restoration

CBF performs hands-on restoration work with community partners across the watershed to reduce pollution at its source and rebuild the Bay’s natural filters—oyster reefs, forests, and wetlands. These efforts not only improve water quality in the Bay and its rivers and streams, they also protect shorelines, provide habitat for fish and wildlife, cool cities, and increase our resilience to climate change.
Working with Farmers - Our staff work one-on-one with farmers to implement conservation practices that keep valuable nutrients and soil on the land—rather than in the water.
Restoring Oysters - CBF restoration teams raise juvenile oysters and work from the bottom up to rebuild reef habitat in targeted restoration areas.
Planting Trees - CBF works directly with landowners and community groups to plant forested buffers along rivers, streams, and shorelines, where they improve water quality, provide habitat for wildlife, help reduce dangerous heat, and combat climate change.

Environmental Education

CBF believes an informed, passionate constituency is the key to restoring and maintaining the Bay’s health for generations to come. Knowing that the best place to learn about the Bay is on it, we educate tens of thousands of students, teachers, and school administrators each year through immersive field experiences and professional development courses that foster a lifelong connection to the watershed and its stewardship. We reach rural, urban, and suburban communities across the watershed, and 25 percent of the schools we work with are under-resourced. CBF’s award-winning program has been at the vanguard of environmental education for 50 years. Integrating state learning standards with explorations of local waterways, our field experiences enable students and teachers to apply their learning to real-world challenges in the watershed.

Population(s) Served

Adults

Children and youth

Advocacy

Together with more than 300,000 members, CBF is the strongest and most effective voice for protecting and restoring the Bay. We work at the local, state, and federal level for science-driven laws and regulations that reduce pollution; restore vital natural systems like oyster reefs, forests, and wetlands; and encourage smart growth in our communities.
CBF is internationally recognized as the expert on environmental issues that impact the Bay and its rivers and stream. Our staff of scientists and policy experts offer guidance to lawmakers and government agencies on issues such as agricultural conservation practices and fishery management to ensure the laws, policies, and programs necessary for Bay restoration are in place.

Litigation

CBF defends the laws and regulations that protect our waterways and serves as a watchdog to hold governments and polluters accountable to their Bay restoration commitments through carefully chosen legal action. With a record of precedent-setting cases, we work to bring about lasting change within our legal system that ensures the equitable and long-term health of the Bay and its communities.
The Chesapeake Clean Water Blueprint—the landmark federal-state plan to clean up the Bay—was formally established as part of the settlement of a 2009 lawsuit CBF led against the Environmental Protection Agency. CBF’s litigation team successfully defended the Blueprint to the Supreme Court, representing a national coalition of environmental groups. For the first time, the Blueprint provides a legal framework to hold states and the federal government accountable for pollution reductions they’ve committed to make in order to restore the Bay’s water quality.

Where we work

Accreditations

The Avarna Group completed an evaluation of CBF recruiting/hiring practices and DEIJ website review. 2019

The Avarna Group completed an evaluation of CBF staff and board. 2020

J.Sickler Consulting, LLC conducted a student field programs evaluation. 2018

J.Sickler Consulting is currently evaluating the effectiveness of CBF's Professional Learning work. 2021

Green 2.0 Transparency Card 2023

External reviews

Photos

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of trees planted

Totals By Year

Population(s) Served

Related Program

Restoration

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Keystone 10 Million Trees Partnership grew from 197 to 230 members and has planted over 4.25 million trees.

Number of advocacy contacts with government leaders

Totals By Year

Population(s) Served

Related Program

Advocacy

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Rallied 126,735 voices to take action in support of clean water and a healthy environment.

Number of children who have access to education

Totals By Year

Population(s) Served

Related Program

Environmental Education

Type of Metric

Output - describing our activities and reach

Direction of Success

Decreasing

Context Notes

Educated 17,000 students and teachers, back in-person and on the water. In 2021, we were educating students and teachers online.

Estimated number of funding dollars secured for the sector

Totals By Year

Population(s) Served

Related Program

Advocacy

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Secured an unprecedented $220 million in the Pennsylvania State Budget for a Clean Streams Fund.

We define a Saved Bay as having a score of 70 (out of 100) on CBF's State of the Bay health index.

Totals By Year

Population(s) Served

Related Program

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

At 70, the Chesapeake Bay and its rivers will be highly productive and in good health. The results will be clear water and healthy oxygen levels, supporting living resources. cbf.org/stateofthebay

Number of oysters added

Totals By Year

Population(s) Served

Related Program

Restoration

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The Chesapeake Oyster Alliance expanded from 73 to 87 partners and has added over 3.5 billion oysters.

Converted farmland to rotationally grazed pastures

Totals By Year

Population(s) Served

Related Program

Restoration

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Converted almost 800 acres of farmland to rotationally grazed pastures (nearly 1,600 acres in two years).

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback
What challenges does the organization face when collecting feedback?

We don't have any major challenges to collecting feedback

Financials

Chesapeake Bay Foundation, Inc.

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

13.74

Average of 6.27 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

10.8

Average of 7.8 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

44%

Average of 39% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Chesapeake Bay Foundation, Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$16,534,785
Government Grants	$1,714,958
Program Services	$1,389,777
Investments	($2,550,812)
Special Events	($140,945)
Sales	$0
Other	$79,280
Total Revenue	$17,027,043

Expenses
Program Services	$18,116,365
Administration	$1,805,811
Fundraising	$2,732,969
Total Expenses	$22,655,145
Net Gain/Loss	($5,628,102)

Functional expenses
Accounting Fees	$129,513
Advertising & Promotion	$105,049
Information Technology Expenses	$490,898
Insurance Expenses	$286,941
Interest Expenses	$392,556
Investment Management Fees	$107,695
Legal Fees	$90,564
Pension Plan Contributions	$321,885
Professional Fundraising Expenses	$136,326

Revenue
Contributions	$15,785,851
Government Grants	$11,929,202
Program Services	$1,319,368
Investments	($258,803)
Special Events	($104,915)
Sales	$0
Other	$53,018
Total Revenue	$28,723,721

Expenses
Program Services	$27,110,978
Administration	$1,731,395
Fundraising	$2,783,957
Total Expenses	$31,626,330
Net Gain/Loss	($2,902,609)

Functional expenses
Accounting Fees	$145,088
Advertising & Promotion	$116,680
Information Technology Expenses	$327,838
Insurance Expenses	$296,650
Interest Expenses	$437,150
Investment Management Fees	$86,680
Legal Fees	$125,550
Pension Plan Contributions	$311,679
Professional Fundraising Expenses	$138,596

Revenue
Contributions	$16,039,171
Government Grants	$5,952,497
Program Services	$1,295,944
Investments	$711,976
Special Events	($83,795)
Sales	$0
Other	$38,126
Total Revenue	$23,953,919

Expenses
Program Services	$22,287,159
Administration	$1,918,924
Fundraising	$3,024,490
Total Expenses	$27,230,573
Net Gain/Loss	($3,276,654)

Functional expenses
Accounting Fees	$129,244
Advertising & Promotion	$63,405
Information Technology Expenses	$374,877
Insurance Expenses	$308,912
Interest Expenses	$452,473
Investment Management Fees	$142,315
Legal Fees	$110,736
Pension Plan Contributions	$309,508
Professional Fundraising Expenses	$134,648

Revenue
Contributions	$28,929,560
Government Grants	$2,044,604
Program Services	$1,318,649
Investments	$4,000,651
Special Events	($59,742)
Sales	$0
Other	$46,881
Total Revenue	$36,280,603

Expenses
Program Services	$17,930,580
Administration	$3,043,794
Fundraising	$2,917,754
Total Expenses	$23,892,128
Net Gain/Loss	$12,388,475

Functional expenses
Accounting Fees	$123,853
Advertising & Promotion	$62,693
Information Technology Expenses	$367,781
Insurance Expenses	$308,662
Interest Expenses	$524,373
Investment Management Fees	$138,356
Legal Fees	$81,375
Pension Plan Contributions	$299,379
Professional Fundraising Expenses	$158,845

Revenue
Contributions	$23,810,887
Government Grants	$2,294,379
Program Services	$1,374,776
Investments	$4,756,902
Special Events	($22,242)
Sales	$0
Other	$31,251
Total Revenue	$32,245,953

Expenses
Program Services	$19,218,518
Administration	$1,989,212
Fundraising	$2,807,030
Total Expenses	$24,014,760
Net Gain/Loss	$8,231,193

Functional expenses
Accounting Fees	$134,257
Advertising & Promotion	$184,951
Information Technology Expenses	$408,412
Insurance Expenses	$296,058
Interest Expenses	$370,239
Investment Management Fees	$192,739
Legal Fees	$82,702
Pension Plan Contributions	$331,346
Professional Fundraising Expenses	$122,648

Revenue
Contributions	$22,392,133
Government Grants	$2,652,758
Program Services	$1,576,666
Investments	$3,739,696
Special Events	($50,801)
Sales	$0
Other	$60,290
Total Revenue	$30,370,742

Expenses
Program Services	$19,812,296
Administration	$2,296,593
Fundraising	$3,227,840
Total Expenses	$25,336,729
Net Gain/Loss	$5,034,013

Functional expenses
Accounting Fees	$137,115
Advertising & Promotion	$123,982
Information Technology Expenses	$473,781
Insurance Expenses	$299,715
Interest Expenses	$311,545
Investment Management Fees	$159,497
Legal Fees	$118,863
Pension Plan Contributions	$342,069
Professional Fundraising Expenses	$217,926

Revenue
Contributions	$17,977,110
Government Grants	$1,550,210
Program Services	$2,351,771
Investments	$5,001,378
Special Events	($53,820)
Sales	$0
Other	$40,052
Total Revenue	$26,866,701

Expenses
Program Services	$19,019,456
Administration	$2,507,462
Fundraising	$3,224,352
Total Expenses	$24,751,270
Net Gain/Loss	$2,115,431

Functional expenses
Accounting Fees	$144,793
Advertising & Promotion	$37,133
Information Technology Expenses	$502,875
Insurance Expenses	$344,657
Interest Expenses	$342,147
Investment Management Fees	$222,792
Legal Fees	$126,734
Pension Plan Contributions	$334,617
Professional Fundraising Expenses	$327,038

Revenue
Contributions	$21,331,647
Government Grants	$1,271,515
Program Services	$1,719,585
Investments	$1,876,959
Special Events	($215,890)
Sales	$0
Other	$87,600
Total Revenue	$26,071,416

Expenses
Program Services	$19,958,129
Administration	$2,313,996
Fundraising	$2,894,618
Total Expenses	$25,166,743
Net Gain/Loss	$904,673

Functional expenses
Accounting Fees	$167,955
Advertising & Promotion	$80,568
Information Technology Expenses	$0
Insurance Expenses	$360,002
Interest Expenses	$360,637
Investment Management Fees	$141,250
Legal Fees	$75,643
Pension Plan Contributions	$321,182
Professional Fundraising Expenses	$358,064

Revenue
Contributions	$19,439,102
Government Grants	$1,498,772
Program Services	$1,374,238
Investments	$1,065,652
Special Events	($251,120)
Sales	$0
Other	$47,328
Total Revenue	$23,173,972

Expenses
Program Services	$19,652,707
Administration	$2,485,884
Fundraising	$3,138,662
Total Expenses	$25,277,253
Net Gain/Loss	($2,103,281)

Functional expenses
Accounting Fees	$149,926
Advertising & Promotion	$49,163
Information Technology Expenses	$700,802
Insurance Expenses	$366,217
Interest Expenses	$294,995
Investment Management Fees	$196,553
Legal Fees	$107,924
Pension Plan Contributions	$379,498
Professional Fundraising Expenses	$414,477

Revenue
Contributions	$24,888,425
Government Grants	$1,606,495
Program Services	$1,441,813
Investments	$7,497,525
Special Events	($272,574)
Sales	$0
Other	$78,972
Total Revenue	$35,240,656

Expenses
Program Services	$20,607,714
Administration	$2,401,211
Fundraising	$3,483,807
Total Expenses	$26,492,732
Net Gain/Loss	$8,747,924

Functional expenses
Accounting Fees	$143,861
Advertising & Promotion	$87,326
Information Technology Expenses	$792,555
Insurance Expenses	$343,214
Interest Expenses	$247,458
Investment Management Fees	$50,299
Legal Fees	$53,038
Pension Plan Contributions	$389,113
Professional Fundraising Expenses	$549,931

Revenue
Contributions	$24,844,727
Government Grants	$1,568,624
Program Services	$1,547,757
Investments	$2,031,749
Special Events	($250,330)
Sales	$0
Other	$94,446
Total Revenue	$29,836,973

Expenses
Program Services	$23,084,700
Administration	$2,579,075
Fundraising	$3,616,546
Total Expenses	$29,280,321
Net Gain/Loss	$556,652

Functional expenses
Accounting Fees	$112,000
Advertising & Promotion	$183,788
Information Technology Expenses	$880,489
Insurance Expenses	$398,971
Interest Expenses	$206,182
Investment Management Fees	$230,400
Legal Fees	$88,378
Pension Plan Contributions	$391,882
Professional Fundraising Expenses	$658,327

Revenue
Contributions	$31,135,499
Government Grants	$954,733
Program Services	$1,153,629
Investments	$4,428,598
Special Events	($202,005)
Sales	$0
Other	$165,473
Total Revenue	$37,635,927

Expenses
Program Services	$22,710,824
Administration	$2,574,827
Fundraising	$3,630,980
Total Expenses	$28,916,631
Net Gain/Loss	$8,719,296

Functional expenses
Accounting Fees	$100,680
Advertising & Promotion	$135,962
Information Technology Expenses	$881,628
Insurance Expenses	$388,442
Interest Expenses	$156,390
Investment Management Fees	$236,534
Legal Fees	$49,696
Pension Plan Contributions	$447,854
Professional Fundraising Expenses	$668,953

Revenue
Contributions	$21,845,785
Government Grants	$1,331,402
Program Services	$865,187
Investments	$6,372,701
Special Events	($42,489)
Sales	$0
Other	$58,499
Total Revenue	$30,431,085

Expenses
Program Services	$23,172,714
Administration	$2,623,312
Fundraising	$3,641,866
Total Expenses	$29,437,892
Net Gain/Loss	$993,193

Functional expenses
Accounting Fees	$84,610
Advertising & Promotion	$162,196
Information Technology Expenses	$936,502
Insurance Expenses	$367,900
Interest Expenses	$117,594
Investment Management Fees	$246,671
Legal Fees	$36,644
Pension Plan Contributions	$446,773
Professional Fundraising Expenses	$710,269

Revenue
Contributions	$29,852,002
Government Grants	$1,222,306
Program Services	$863,348
Investments	$5,863,800
Special Events	($379,200)
Sales	$0
Other	$59,956
Total Revenue	$37,482,212

Expenses
Program Services	$24,840,055
Administration	$2,911,936
Fundraising	$3,785,998
Total Expenses	$31,537,989
Net Gain/Loss	$5,944,223

Functional expenses
Accounting Fees	$98,861
Advertising & Promotion	$143,954
Information Technology Expenses	$1,005,883
Insurance Expenses	$486,432
Interest Expenses	$79,465
Investment Management Fees	$255,493
Legal Fees	$22,892
Pension Plan Contributions	$440,745
Professional Fundraising Expenses	$674,760

Chesapeake Bay Foundation, Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$16,534,785
Cash & Equivalents	$10,681,828	$13,058,731	$2,376,903
Accounts Receivable	$374,707	$599,313	$224,606
Pledges & Grants Receivable	$12,744,067	$9,934,186	($2,809,881)
Receivable, Other	$103,000	$103,000	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$41,667,977	$31,444,433	($10,223,544)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$21,678,787	$20,995,963	($682,824)
Other	$339,432	$366,032	$26,600
Total Assets	$87,589,798	$76,501,658	($11,088,140)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$1,932,234	$1,632,096	($300,138)
Grants Payable	$0	$0	$0
Deferred Revenue	$111,505	$187,950	$76,445
Loans and Notes	$720,112	$685,125	($34,987)
Tax-Exempt Bond Liabilities	$8,155,000	$7,795,000	($360,000)
Other	$1,577,118	$1,648,939	$71,821
Total Liabilities	$12,495,969	$11,949,110	($546,859)

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$11,552,889	$9,572,616	-$1,980,273
Permanently Restricted Net Assets	$38,528,933	$38,641,263	$112,330
Total Restricted Net Assets	$50,081,822	$48,213,879	($1,867,943)
Unrestricted Net Assets	$25,012,007	$16,338,669	($8,673,338)
Net Assets	$75,093,829	$64,552,548	($10,541,281)

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$15,785,851
Cash & Equivalents	$13,058,731	$9,048,263	($4,010,468)
Accounts Receivable	$599,313	$6,270,573	$5,671,260
Pledges & Grants Receivable	$9,934,186	$7,482,323	($2,451,863)
Receivable, Other	$103,000	$103,000	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$31,444,433	$38,889,535	$7,445,102
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$20,995,963	$20,607,130	($388,833)
Other	$366,032	$501,839	$135,807
Total Assets	$76,501,658	$82,902,663	$6,401,005

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$1,632,096	$7,187,758	$5,555,662
Grants Payable	$0	$0	$0
Deferred Revenue	$187,950	$116,027	($71,923)
Loans and Notes	$685,125	$648,143	($36,982)
Tax-Exempt Bond Liabilities	$7,795,000	$7,420,000	($375,000)
Other	$1,648,939	$1,863,790	$214,851
Total Liabilities	$11,949,110	$17,235,718	$5,286,608

Fund balance	Jul 01, 2009	Jun 30, 2010	Change
Temporarily Restricted Net Assets	$9,572,616	$8,166,272	-$1,406,344
Permanently Restricted Net Assets	$38,641,263	$38,672,680	$31,417
Total Restricted Net Assets	$48,213,879	$46,838,952	($1,374,927)
Unrestricted Net Assets	$16,338,669	$18,827,993	$2,489,324
Net Assets	$64,552,548	$65,666,945	$1,114,397

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$16,039,171
Cash & Equivalents	$9,048,263	$10,350,366	$1,302,103
Accounts Receivable	$6,270,573	$1,520,910	($4,749,663)
Pledges & Grants Receivable	$7,482,323	$6,718,373	($763,950)
Receivable, Other	$103,000	$103,000	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$38,889,535	$40,998,137	$2,108,602
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$20,607,130	$20,220,335	($386,795)
Other	$501,839	$468,912	($32,927)
Total Assets	$82,902,663	$80,380,033	($2,522,630)

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$7,187,758	$2,090,908	($5,096,850)
Grants Payable	$0	$0	$0
Deferred Revenue	$116,027	$157,838	$41,811
Loans and Notes	$648,143	$609,051	($39,092)
Tax-Exempt Bond Liabilities	$7,420,000	$7,030,000	($390,000)
Other	$1,863,790	$1,783,580	($80,210)
Total Liabilities	$17,235,718	$11,671,377	($5,564,341)

Chesapeake Bay Foundation, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Chesapeake Bay Foundation, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$3,912,271	-$494,921	$3,266,976	$7,464,257	-$1,361,762
As % of expenses	15.6%	-1.8%	11.9%	26.7%	-4.5%
Unrestricted surplus (deficit) after depreciation	$2,516,700	-$1,971,049	$1,838,597	$5,985,330	-$2,965,449
As % of expenses	9.5%	-6.7%	6.4%	20.3%	-9.4%

Revenue composition
Total revenue (unrestricted & restricted)	$35,240,656	$29,836,973	$37,635,927	$30,431,085	$37,482,212
Total revenue, % change over prior year	52.1%	-15.3%	26.1%	-19.1%	23.2%
Program services revenue	4.1%	5.2%	3.1%	2.8%	2.3%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	2.6%	2.9%	1.5%	2.7%	6.0%
Government grants	4.6%	5.3%	2.5%	4.4%	3.3%
All other grants and contributions	69.9%	82.4%	82.2%	71.6%	78.6%
Other revenue	18.9%	4.2%	10.7%	18.4%	9.8%

Expense composition
Total expenses before depreciation	$25,097,161	$27,804,193	$27,488,252	$27,958,965	$29,934,302
Total expenses, % change over prior year	4.5%	10.8%	-1.1%	1.7%	7.1%
Personnel	60.2%	60.9%	65.8%	64.8%	61.4%
Professional fees	12.5%	12.3%	10.9%	9.6%	12.2%
Occupancy	1.4%	1.3%	1.3%	1.3%	1.0%
Interest	1.0%	0.7%	0.6%	0.4%	0.3%
Pass-through	1.6%	1.1%	0.7%	2.7%	1.7%
All other expenses	23.3%	23.6%	20.7%	21.2%	23.4%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$26,492,732	$29,280,321	$28,916,631	$29,437,892	$31,537,989
One month of savings	$2,091,430	$2,317,016	$2,290,688	$2,329,914	$2,494,525
Debt principal payment	$1,667,013	$935,305	$643,681	$679,183	$717,261
Fixed asset additions	$0	$0	$0	$2,608,473	$0
Total full costs (estimated)	$30,251,175	$32,532,642	$31,851,000	$35,055,462	$34,749,775

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	7.7	6.4	9.8	10.5	10.8
Months of cash and investments	34.7	31.9	34.5	39.7	33.6
Months of estimated liquid unrestricted net assets	4.6	3.1	3.8	5.5	4.1

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$16,164,686	$14,859,888	$22,533,779	$24,432,341	$26,877,077
Investments	$56,417,556	$59,138,404	$56,594,635	$68,069,670	$56,978,124
Receivables	$13,250,545	$13,749,612	$16,688,139	$12,943,033	$11,437,928
Gross land, buildings, equipment (LBE)	$49,967,867	$51,140,519	$52,163,804	$54,107,524	$53,573,676
Accumulated depreciation (as a % of LBE)	39.3%	41.1%	43.0%	42.9%	44.4%
Liabilities (as a % of assets)	7.5%	6.1%	5.0%	4.7%	3.6%
Unrestricted net assets	$36,206,381	$34,235,332	$36,073,929	$42,059,259	$39,093,810
Temporarily restricted net assets	$25,446,564	$30,757,721	N/A	N/A	N/A
Permanently restricted net assets	$46,420,912	$46,510,787	N/A	N/A	N/A
Total restricted net assets	$71,867,476	$77,268,508	$83,881,968	$88,796,859	$82,148,669
Total net assets	$108,073,857	$111,503,840	$119,955,897	$130,856,118	$121,242,479

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

President & CEO

Hilary Harp Falk

Hilary Harp Falk is President and CEO of the Chesapeake Bay Foundation. She has spent her career building strong, authentic partnerships, and is a proven expert in large-scale ecosystem restoration. Falk’s national conservation leadership includes executive roles at the National Wildlife Federation (NWF) culminating in Chief Program Officer. She created and directed the Choose Clean Water Coalition, and led programs including wildlife conservation, coastal resiliency, water policy, greenhouse gas reduction, and environmental education. Throughout her career, Falk has championed women’s leadership and advancing equity in the conservation movement. She was a 2016-2017 fellow with the International Women's Forum and co-chaired the National Wildlife Federation’s Women in Conservation Leadership Advisory Council. Falk earned her undergraduate degree in Environmental Science from Franklin and Marshall College and her Masters of Science in Natural Resources from the University of Vermont.

Number of employees

Source: IRS Form 990

Chesapeake Bay Foundation, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

Chesapeake Bay Foundation, Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of highest paid employee data for this organization

Chesapeake Bay Foundation, Inc.

Board of directors
as of 09/01/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board co-chair

Otis Jones

ServiceNow

Term: 2023 - 2026

Board co-chair

Ann Pelham

R. Bradley

Retired, Landmark Publishing

George Bunting

President & CEO, Bunting Management Group

Harry Gruner

Founder & Managing General Partner, JMI Equity

Hilary Falk

President, Chesapeake Bay Foundation

Otis Jones

Sales Executive, ServiceNow

Robert Kinsley

CEO, Kinsley Enterprises, Inc.

Katie Leavy

Owner, Founder, & Principal, Capital Design, LLC

Pamela Murphy

Chairman, Island Press

Wick Sollers

Managing Partner, King and Spalding LLP

Sandra Taylor

President & CEO, Sustainable Business International, LLC

Stephen Wolf

Managing Partner, Alpilles, LLC

Ann Pelham

Retired Media Professional, Legal Times

Ann Horner

Retired Business Executive, Bourne Leisure

Preston White

CEO, Century Concrete, Inc.

Marnie Abramson

Principal and Founder of Lightility

Brian Cobb

Chief Technology Officer, partner, and member of the Executive Team at Brown Advisory

Alexandra Grayson

Graduate Student, University of California, Berkeley

Nathaniel Rose

Executive vice president and chief investment officer, HASI

Robert Whitescarver

President and owner of a private consulting business, Whitescarver Natural Resources Management, LLC

Dara Bachman

President, Fulton Private Bank

Joan Brock

Community Leader & Philanthropist

Margaret Freeman

Owner, Heywood Financial, LLC

Jennifer Green

Co-Founder & Former CEO, Urban Teachers

Jonathan Manekin

Director, Greenspring Realty Partners, Inc.

Anne Mehringer

Retired Manager of Litigation Support Jones Day Bethesda, MD

Mamie Parker

Fish & Wildlife Biologist, Principal Consultant M.A. Parker & Assoc., Ecologix Group

Crystal Patterson

Sr. Vice President & Managing Director, FSB Public Affairs

Samara Pyfrom

Student, University of Maryland, Baltimore County

Christa Riepe

Founder & Farmer, Brumby Fields

Kathryn Simpson

Vice President, Assoc. General Counsel & Sector Counsel, Northrop Grumman

Carol Sisco

Managing Partner, Sisco Associates

Janine Smith

VP, Chief Ethics & Compliance Officer, The J.M. Smucker Co.

Todd Stravitz

Medical Director & Professor, Virginia Commonwealth University

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 5/2/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 09/01/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We review compensation data across the organization (and by staff levels) to identify disparities by race.
We ask team members to identify racial disparities in their programs and / or portfolios.
We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.

Policies and processes

We use a vetting process to identify vendors and partners that share our commitment to race equity.
We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

Chesapeake Bay Foundation, Inc.

Save the Bay

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Restoration

Environmental Education

Advocacy

Litigation

Where we work

Accreditations

Our results

Evaluation documents

Number of trees planted

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of advocacy contacts with government leaders

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of children who have access to education

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Estimated number of funding dollars secured for the sector

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

We define a Saved Bay as having a score of 70 (out of 100) on CBF's State of the Bay health index.

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of oysters added

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Converted farmland to rotationally grazed pastures

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Goals & Strategy

Reports and documents

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

13.74

Months of cash in 2022 info

10.8

Fringe rate in 2022 info

44%

Funding sources info

Assets & liabilities info

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities