Galveston Bay Foundation Inc

EIN: 760279876 501(c)(3) Environment

Kemah, TX

Total Revenue
$19,308,156
Total Expenses
$13,756,624
Total Assets
$35,772,945
Net Assets
$34,306,036
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TX
Principal Officer
Robert J Stokes Jr
Phone
2813323381
Tax Period
2023-01-01 to 2023-12-31

Galveston Bay Foundation Inc, founded in 1987, is a mid-sized nonprofit in the Environment sector that reported $19.3M in total revenue in fiscal year 2023. Revenue surged 178% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 29% operating margin.

Mission

The mission of the Galveston Bay Foundation (GBF) is to preserve and enhance Galveston Bay as a healthy and productive place for generations to come.

Program Service Accomplishments

Program 1
Expenses: $11,060,086

Conservation programs work to preserve, protect, and restore important coastal habitats that provide critical ecosystem services and have suffered loss or degradation. The Foundation works closely...

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Conservation programs work to preserve, protect, and restore important coastal habitats that provide critical ecosystem services and have suffered loss or degradation. The Foundation works closely with numerous partners in land acquisition, land stewardship, habitat restoration, and habitat enhancement activities across the Bay. As an accredited land trust, the Foundation protects natural areas by acquiring real estate and partnering with landowners to establish conservation easements on private lands. Currently, the Foundation owns or holds conservation easements on over 15,140 acres of land around Galveston Bay to ensure the Bay is conserved in perpetuity. Habitat restoration activities work to ensure healthy habitats for productive and sustainable populations of native species. Projects, located at restoration sites all around Galveston Bay, focus on protection of eroding shorelines; restoration of wetlands, oyster reef, coastal prairie, and bird rookery; and removal of marine debris. The Foundation maintains a native plant nursery to provide stock for habitat restoration work around Galveston Bay and offers native plants sales within the community.

Program 2
Expenses: $671,113 Revenue: $50,059

Education and outreach programs aim to connect our community to Galveston Bay and inspire lifelong stewardship through diverse programs, trainings, tools, and events that reach tens of thousands of...

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Education and outreach programs aim to connect our community to Galveston Bay and inspire lifelong stewardship through diverse programs, trainings, tools, and events that reach tens of thousands of people each year. The Foundation's youth education programs connect students, teachers, and administrators with the rich local environment, whether in the classroom, in the field, or online, through hands-on STEM curriculum and resources. The Foundation also offers rain barrel installation workshops and distributes rain barrels to the public. Ongoing public outreach campaigns and initiatives target segments of the population to increase awareness of the importance of Galveston Bay and address specific issues of concern.

Program 3
Expenses: $267,825

Research programs monitor trends affecting Galveston Bay's most valuable coastal resources. Current efforts monitor dolphin populations (in partnership with the Environmental Institute of Houston)...

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Research programs monitor trends affecting Galveston Bay's most valuable coastal resources. Current efforts monitor dolphin populations (in partnership with the Environmental Institute of Houston), marine debris, and water quality at sites around Galveston Bay. These efforts are collaborative, involving research partners throughout the region and beyond. Several utilize trained citizen scientists to augment professional monitoring data. Findings are widely communicated through data portals, public presentations, and scientific publications. Most monitoring efforts are ongoing in an effort to collect large datasets spanning many years, though some are initiated to allow the Foundation to respond to specific incidents impacting the bay. Beyond the research efforts the Foundation takes on, it also regularly advocates for the allocation of research dollars to the region to ensure the health of Galveston Bay and its users.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,132,900
Program Service Revenue $50,059
Investment Income $331,186
Other Revenue $-205,989
TOTAL REVENUE $19,308,156

Expense Breakdown

Grants Paid $5,322,734
Salaries & Benefits $2,539,257
Fundraising Expenses $1,017,270
Program Expenses $12,135,212
Other Expenses $5,869,633
TOTAL EXPENSES $13,756,624

Year-over-Year Comparison

2023 2022 Change
Revenue $19,308,156 $6,948,230 +1.8%
Expenses $13,756,624 $4,940,666 +1.8%
Net Income $5,551,532 $2,007,564 +1.8%
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
21
Independent Members
20
Employees
43
Volunteers
2010

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
$193,137
Total Directors
26
$0
Key Employees
1
$164,720
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charlie Prioleau Chair 2.00
Officer Director
$0 $0 $0
Janelle Daniel 1st Vice Chair 2.00
Officer Director
$0 $0 $0
Mark Burroughs 2nd Vice Chair 2.00
Officer Director
$0 $0 $0
Brian C Sauer Secretary 2.00
Officer Director
$0 $0 $0
Jeff T Miers Treasurer 2.00
Officer Director
$0 $0 $0
Monty Briscoe Director 2.00
Director
$0 $0 $0
Shelley Britton Director 2.00
Director
$0 $0 $0
Trae Camble Director 2.00
Director
$0 $0 $0
Matthew Doyle Director 2.00
Director
$0 $0 $0
JP Fjeld-Hansen Director 2.00
Director
$0 $0 $0
Patrick Giffhorn Director 2.00
Director
$0 $0 $0
Pat Hammond Director 2.00
Director
$0 $0 $0
Sarah Hudgins Director 2.00
Director
$0 $0 $0
Shawn Jackson Director 2.00
Director
$0 $0 $0
Fay Kirby Director 2.00
Director
$0 $0 $0
Jay Lendrum Director 2.00
Director
$0 $0 $0
Kathleen Lucas Director 2.00
Director
$0 $0 $0
Madeleine Montes Director 2.00
Director
$0 $0 $0
Jeff Myerson Director 2.00
Director
$0 $0 $0
Larry B Neuhaus Director 2.00
Director
$0 $0 $0
Fred Pounds Director 2.00
Director
$0 $0 $0
Edward Randall Director 2.00
Director
$0 $0 $0
Scott Rice Director 2.00
Director
$0 $0 $0
Brad Robbins Director 2.00
Director
$0 $0 $0
Tom Tollett Director 2.00
Director
$0 $0 $0
Lori Traweek Director 2.00
Director
$0 $0 $0
Robert J Stokes Jr President 40.00
Officer
$186,964 $6,173 $193,137
Nicole Scanlin Director of Development 40.00
Key Emp
$154,132 $10,588 $164,720
Dawn Asbury Controller 40.00
Highest
$131,372 $9,905 $141,277
Greg Loushine Director of Strategic Part 40.00
Highest
$131,764 $4,508 $136,272
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
2024 No data No data No data No data
2023 $19,308,156 $13,756,624 $35,772,945 $5,551,532
2022 $6,948,230 $4,940,666 $29,773,235 $2,007,564
2021 $21,368,993 $11,793,769 $27,822,588 $9,575,224
2020 $11,431,459 $9,399,800 $18,391,815 $2,031,659
2019 $9,231,810 $3,777,753 $16,609,211 $5,454,057
2018 $7,563,933 $6,264,451 $13,201,325 $1,299,482
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