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Environment & Animals · 2023 Form 990

Chesapeake Bay Foundation Inc: $32.2M Revenue, $34.1M Expenses

Annapolis, Maryland · EIN 526065757 · Filing year 2023

Chesapeake Bay Foundation Inc reported $32.2M in total revenue, $34.1M in total expenses, and $126.5M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.6M (4.88% of revenue). NonprofitTruth efficiency grade: D (41/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
D
Efficiency Score
41/100

Key Facts (2023 Form 990)

Total Revenue
$32.2M
Total Expenses
$34.1M
Total Assets
$126.5M
Reserve Months
44.5 months
Surplus / (Deficit)
$-1,939,331
EIN
526065757
Latest 990 Year
2023
Current-Officer Compensation
$1.6M
Officer Comp % of Revenue
4.88%

Chesapeake Bay Foundation Inc pulls a D on the efficiency rubric. The composite of 41/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Chesapeake Bay Foundation Inc reported $32.2M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the financial-health factor, Chesapeake Bay Foundation Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue has grown modestly. Chesapeake Bay Foundation Inc is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Officer compensation is on the higher side of the band typical for nonprofits this size: $1.6M in total current-officer compensation against $32.2M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. Chesapeake Bay Foundation Inc works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.


$32.2M
Revenue
$34.1M
Expenses
$126.5M
Total Assets
$1.6M
Officer Compensation

How Chesapeake Bay Foundation Inc Compares

Chesapeake Bay Foundation Inc earns a NonprofitTruth efficiency grade of D (41/100). That is 22 points below the Environment & Animals category average. Compensation for current officers and key employees represents 4.88% of total revenue. The organization holds 44.5 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$34.1M
Total Expenses
Filing year 2023
$1.6M
Officer Compensation
4.88% of revenue
44.5 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Chesapeake Bay Foundation Inc reported $32.2M in revenue against $34.1M in total functional expenses for filing year 2023, holding roughly 44.5 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $1.6M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 4.88% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Chesapeake Bay Foundation Inc has a NonprofitTruth Efficiency Score of D (41/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Chesapeake Bay Foundation Inc, Donor FAQ

Chesapeake Bay Foundation Inc has a NonprofitTruth Efficiency Score of D (41/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Chesapeake Bay Foundation Inc reports $1.6M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 4.88% of the organization's $32.2M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Chesapeake Bay Foundation Inc reported $32.2M in annual revenue and $34.1M in total expenses for filing year 2023. The organization holds $126.5M in total assets.

Chesapeake Bay Foundation Inc holds approximately 44.5 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.

Chesapeake Bay Foundation Inc is a registered 501(c) organization with EIN 526065757, based in Annapolis, Maryland. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.