Totals
- Total revenue
- $28,427,407
- Total expenses
- $26,556,750
- Contributions and grants received
- $27,471,938
- Grants paid
- $22,556,108
- Program service revenue
- $0
- Investment income
- $932,801
- Other revenue
- $22,668
- Total assets, end of year
- $42,961,240
- Total liabilities, end of year
- $21,433,604
- Net assets or fund balances, end of year
- $21,527,636
- Program services expenses (Part IX)
- $25,015,220
- Management and general expenses
- $688,144
- Fundraising expenses
- $853,386
- Program service expenses (Part III)
- $25,015,220
Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$92,274
-
1e · Government grants (contributions)
$20,732,666
-
1f · All other contributions, gifts and grants
$6,646,998
-
1g · Noncash contributions included above
$70,940
-
3 · Investment income
total $1,441,624 · excluded $1,441,624
-
7a · Gross sales of assets other than inventory
securities $22,981,179
-
7b · Less cost or other basis and sales expenses
securities $23,027,513 · other assets $462,489
-
7c · Gain or loss
securities -$46,334 · other assets -$462,489
-
7d · Net gain or loss
total -$508,823 · excluded -$508,823
-
8a · Fundraising events: gross income
$55,456
-
8a · Fundraising events: contributions included on line 1c
$92,274
-
8b · Fundraising events: direct expenses
$38,613
-
8c · Net income from fundraising events
total $16,843 · excluded $16,843
-
10a · Gross sales of inventory
$20,176
-
10b · Cost of goods sold
$14,351
-
10c · Net income from sales of inventory
total $5,825 · excluded $5,825
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $21,071,983 · program services $21,071,983
-
2 · Grants to domestic individuals
total $1,484,125 · program services $1,484,125
-
5 · Compensation of officers, directors and key employees
total $357,672 · program services $91,122 · management and general $203,394 · fundraising $63,156
-
7 · Other salaries and wages
total $2,146,820 · program services $1,556,779 · management and general $259,028 · fundraising $331,013
-
8 · Pension plan contributions
total $111,032 · program services $80,129 · management and general $14,103 · fundraising $16,800
-
9 · Other employee benefits
total $193,755 · program services $138,174 · management and general $24,089 · fundraising $31,492
-
10 · Payroll taxes
total $223,555 · program services $148,507 · management and general $39,838 · fundraising $35,210
-
11c · Fees: accounting
total $89,785 · program services $59,644 · management and general $16,000 · fundraising $14,141
-
11f · Fees: investment management
total $32,505 · management and general $32,505
-
11g · Fees: other
total $49,800 · program services $33,082 · management and general $8,874 · fundraising $7,844
-
12 · Advertising and promotion
total $134,945 · fundraising $134,945
-
13 · Office expenses
total $94,930 · program services $63,063 · management and general $16,916 · fundraising $14,951
-
14 · Information technology
total $139,522 · program services $92,684 · management and general $24,863 · fundraising $21,975
-
16 · Occupancy
total $28,187 · program services $18,725 · management and general $5,023 · fundraising $4,439
-
17 · Travel
total $15,344 · program services $10,193 · management and general $2,734 · fundraising $2,417
-
19 · Conferences, conventions and meetings
total $24,063 · program services $15,985 · management and general $4,288 · fundraising $3,790
-
20 · Interest
total $64,356 · program services $42,752 · management and general $11,468 · fundraising $10,136
-
22 · Depreciation, depletion and amortization
total $70,600 · program services $46,899 · management and general $12,581 · fundraising $11,120
-
23 · Insurance
total $23,630 · program services $15,697 · management and general $4,211 · fundraising $3,722
-
24a · Other expenses: DEVELOPMENT
total $138,962 · fundraising $138,962
-
24b · Other expenses: STAFF DEVELOPMENT
total $46,179 · program services $30,677 · management and general $8,229 · fundraising $7,273
-
24c · Other expenses: PUBLIC AFFAIRS
total $15,000 · program services $15,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,903,073 · end of year $2,283,511
-
3 · Pledges and grants receivable
beginning of year $3,924,444 · end of year $3,697,414
-
4 · Accounts receivable
beginning of year $7,319 · end of year $15,866
-
9 · Prepaid expenses and deferred charges
beginning of year $64,913 · end of year $71,916
-
10a · Land, buildings and equipment: cost or other basis
$3,404,101
-
10b · Land, buildings and equipment: accumulated depreciation
$382,082
-
10c · Land, buildings and equipment, net
beginning of year $3,070,219 · end of year $3,022,019
-
11 · Investments: publicly traded securities
beginning of year $26,666,518 · end of year $33,850,220
-
15 · Other assets
beginning of year $22,416 · end of year $20,294
-
17 · Accounts payable and accrued expenses
beginning of year $977,455 · end of year $820,657
-
19 · Deferred revenue
beginning of year $14,359,725 · end of year $19,085,912
-
23 · Secured mortgages and notes payable
beginning of year $1,606,797 · end of year $1,520,790
-
25 · Other liabilities
beginning of year $7,782 · end of year $6,245
-
27 · Net assets without donor restrictions
beginning of year $16,550,544 · end of year $18,715,614
-
28 · Net assets with donor restrictions
beginning of year $2,156,599 · end of year $2,812,022
Mission and programs · 2023
Mission
CHESAPEAKE BAY TRUST IS A PUBLIC, NONPROFIT GRANT-MAKING ORGANIZATION CREATED TO PROMOTE PUBLIC AWARENESS OF AND PARTICIPATION IN THE RESTORATION AND PROTECTION OF THE CHESAPEAKE BAY AND ITS TRIBUTARIES. (SEE SCHEDULE O FOR CONTINUATION) 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.
Activities or mission (Part I)
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.
-
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.
Expenses $12,821,785 · Grants $11,560,260
-
COMMUNITY STEWARDSHIP: INCREASING PUBLIC AWARENESS AND INVOLVEMENT IN ACTIVITIES THAT RESTORE AND PROMOTE MARYLAND'S NATURAL RESOURCES.
Expenses $11,088,931 · Grants $9,999,544
-
ENVIRONMENTAL EDUCATION: STRIVING TO ADVANCE KINDERGARTEN THROUGH TWELFTH GRADE ENVIRONMENTAL EDUCATION THROUGH EXPERIENTIAL LEARNING, OUTDOOR EXPERIENCES AND CURRICULUM DEVELOPMENT.
Expenses $1,104,504 · Grants $996,303
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph E FarrenJOSEPH E FARREN
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Anthony Murray Leigh JrANTHONY MURRAY LEIGH JR
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Hon Senator Pamela BeidleHON SENATOR PAMELA BEIDLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Coretta BennettCORETTA BENNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Hon Christopher M CorchiarinoHON CHRISTOPHER M CORCHIARINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Brian M HartBRIAN M HART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Josh KurtzJOSH KURTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Hon David Fraser-HidalgoHON DAVID FRASER-HIDALGO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Henry H Hopkins EsqHENRY H HOPKINS ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey HortsmanJEFFREY HORTSMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jason D KepplerJASON D KEPPLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Joe KochJOE KOCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Alexander G Nunez EsqALEXANDER G NUNEZ ESQ
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Bryan S OffuttBRYAN S OFFUTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Thomasina Poirot EsqTHOMASINA POIROT ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Matthew RoweMATTHEW ROWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
John R ValliantJOHN R VALLIANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Dr Astrid CaldasDR ASTRID CALDAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Vernice Miller-TravisVERNICE MILLER-TRAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jana L Davis PhDJANA L DAVIS PHD
PRESIDENT
- Total calculated
- $195,997
- From this org
- $179,531
- From related orgs
- $0
- Other
- $16,466
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,531
- Bonus
- $0
- Other
- $0
- Deferred
- $10,801
- Nontaxable benefits
- $5,665
- Filer's total
- $195,997
-
Jeanne NelsonJEANNE NELSON
VP OF FINANCE AND ADMINIST
- Total calculated
- $149,016
- From this org
- $129,648
- From related orgs
- $0
- Other
- $19,368
- Hours/week
- 40
-
Kacey M WetzelKACEY M WETZEL
VP OF PROG. FOR OUTREACH/E
- Total calculated
- $132,333
- From this org
- $117,514
- From related orgs
- $0
- Other
- $14,819
- Hours/week
- 40
-
Sadie R DrescherSADIE R DRESCHER
VP OF PROGRAMS FOR RESTORA
- Total calculated
- $132,182
- From this org
- $117,055
- From related orgs
- $0
- Other
- $15,127
- Hours/week
- 40
-
Suzanne ArmstrongSUZANNE ARMSTRONG
VP OF DEVELOPMENT
- Total calculated
- $130,816
- From this org
- $105,424
- From related orgs
- $0
- Other
- $25,392
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SEE SCHEDULE I PART IV
$21,071,983
RESTORATION, COMMUNITY STEWARDSHIP AND ENVIRONMENTAL EDUCATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433309349301163
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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