Chesapeake Conservancy Inc.

“The organization amended its bylaws during the year ended september 30, 2024 to include honorific positions (honorary directors, and emeritus directors and chairs).”

“The outside cpa firm prepares form 990. Copies of the 990 draft are reviewed by the president & ceo and treasurer. The 990 draft is also presented to the finance committee and full board, providing an opportunity to ask questions or address any issues before the final form is filed.”

“According to article ix of the bylaws, no director or officer shall participate in any decision relating to a contract or transaction which affects his or her personal interests or the interests of any corporation, partnership or association in which he or she is directly or indirectly interested; nor shall any director or officer vote upon any such contract or transaction. Furthermore, should any item come before the board of directors where a director has an economic interest, such matter shall be fully disclosed to the board and the individual shall abstain from participating in any discussion or voting on said matter. All board members sign-off on this policy at the spring board meetings.”

“The performace review committee is tasked with the ceos review and compensation and uses published information for not for profit organizations of similar size and geographic area for comparability data.”

“The performance review committee uses comparability data in approving compensation levels for other key positions within the organization during the annual budget approval process.”

“Governing documents, conflict of interest policy, and audited financial statements are available upon request.”

“Form 990 part i, line 1 and part iii, line 1: to conserve and restore the natural and cultural resources of the chesapeake bay watershed for the enjoyment, education, and inspiration of this and future generations. We serve as a catalyst for change, advancing strong public and private partnerships, developing and using new technology, and empowering environmental stewardship.”

“Form 990 part 1, line 19: the conservancy purchased conservation land costing $5,579,097. Funding for this purchase was received and recorded as revenue during prior years. The land acquisition of $5,579,097 is included in the program expense recorded on part ix, line 24 a, and is a significant reason for the deficit of $3,727,586 recorded on part i, line 19.”