SANTA MONICA BAY RESTORATION FOUNDATION The Bay Foundation

EIN: 330420271 501(c)(3) Environment

PLAYA DEL REY, CA

Total Revenue
$2,843,243
Total Expenses
$3,328,927
Total Assets
$1,705,985
Net Assets
$1,410,809
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
TOM FORD
Phone
8883012527
Tax Period
2023-07-01 to 2024-06-30

SANTA MONICA BAY RESTORATION FOUNDATION The Bay Foundation, founded in 1990, is a community nonprofit in the Environment sector that reported $2.8M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

Our mission is to restore and enhance the Santa Monica Bay and the surrounding area through actions and partnerships that improve water quality, conserve and rehabilitate natural resources.

Program Service Accomplishments

Program 1
Expenses: $1,359,636 Revenue: $1,563,953

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...

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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,engage and educate the public and inform and increase adaptation and resiliency to climate variability. The restoration and enhancement of marine habitats increased ecosystem structure and function while supporting local recreational opportunities and related coastal economies. Data collected from these projects further our understanding of possible climate adaptation strategies and informs adaptive management.

Program 2
Expenses: $1,104,753 Revenue: $484,109

The Ocean Resilience Program conducts research, monitoring and restoration activities in coastal marine habitats. Projects focused on kelp forest restoration, eelgrass habitat research and...

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The Ocean Resilience Program conducts research, monitoring and restoration activities in coastal marine habitats. Projects focused on kelp forest restoration, eelgrass habitat research and restoration, abalone species recovery, and oceanographic biophysical monitoring related to ocean acidification and other climatic variations.

Program 3
Expenses: $292,463 Revenue: $351,336

The Environmental Engagement Program builds partnerships that enrich communities and serve watershed health. This program teams up with various communities, including schools, businesses...

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The Environmental Engagement Program builds partnerships that enrich communities and serve watershed health. This program teams up with various communities, including schools, businesses, municipalities, organizations, and individuals, to advance environmental stewardship. From reducing boat related ocean pollution to promoting community composting and preventing plastic waste. Programs serviced included clean boating initiatives, table to farm composting programs, source reduction of single use plastics in local restaurants and working with local middle schools to foster conservation awareness and youth engagement in attempts to inform and empower the next generation of enviromental stakeholders.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,843,157
Program Service Revenue $0
Investment Income $86
Other Revenue $0
TOTAL REVENUE $2,843,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,372,916
Fundraising Expenses $1,253
Program Expenses $2,920,037
Other Expenses $1,956,011
TOTAL EXPENSES $3,328,927

Year-over-Year Comparison

2023 2022 Change
Revenue $2,843,243 $2,756,995 +0.0%
Expenses $3,328,927 $2,549,512 +0.3%
Net Income $-485,684 $207,483 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
19
Volunteers
534

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$384,087
Total Directors
6
$34,614
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM FORD CHIEF EXECUTIVE OFCR 45.00
Officer
$241,450 $0 $241,450
HEATHER BURDICK DIRECTOR OF PROGRAMS 45.00
Officer
$142,637 $0 $142,637
TRACY EGOSCUE DIRECTORGENCOUNSEL 30.00
Director
$18,614 $0 $18,614
KATHRYN VERNEZ PRESIDENT 15.00
Officer
$0 $0 $0
LAURA DOSS-HERTZ VICE PRESIDENT 15.00
Officer
$0 $0 $0
JEFF KLOCKE DIRECTOR 10.00
Director
$0 $0 $0
FRAN DIAMOND SECRETARY 15.00
Officer
$0 $0 $0
DANIEL GENETTI DIRECTOR 10.00
Director
$0 $0 $0
CRAIG PERKINS FINANCE DIRECTOR 15.00
Officer
$0 $0 $0
TYLER RASMUSSEN DIRECTOR 5.000
Director
$16,000 $0 $16,000
BIANCA PATTERSON DIRECTOR 5.000
Director
$0 $0 $0
CANDACE EDWARDS DIRECTOR 5.000
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,843,243 $3,328,927 $1,705,985 $-485,684
2023 $2,756,995 $2,549,512 $2,076,799 $207,483
2022 $3,100,072 $2,630,198 $2,169,499 $469,874
2021 $2,378,569 $2,362,669 $1,539,995 $15,900
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