Civic Intelligence

Galveston Bay Foundation Inc

EIN 76-0279876 • 501(c)3 • Kemah, TX

Profile

The mission of the galveston bay foundation is to preserve, protect, and enhance the natural resources of the galveston bay estuarine system and its tributaries for present users and for posterity.

1725 Highway 146Kemah, TX 77565

www.galvbay.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.11x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.26x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$194,441

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

90th percentile

35%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.6%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$48,239,612

Up $12,466,667 (+35%) from 2023

Liabilities

Up

$5,342,611

Up $3,875,702 (+264%) from 2023

Net Assets

Up

$42,897,001

Up $8,590,965 (+25%) from 2023

Revenue

Up

$20,190,335

Up $882,179 (+4.6%) from 2023

Expenses

Down

$12,599,370

Down $1,157,254 (-8.4%) from 2023

Net Income

Up

$7,590,965

Up $2,039,433 (+37%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $1,473,150Liabilities 2010: $83,594Net Assets 2010: $1,389,5562010Assets 2011: $1,985,089Liabilities 2011: $87,360Net Assets 2011: $1,897,7292011Assets 2012: $2,190,498Liabilities 2012: $69,980Net Assets 2012: $2,120,5182012Assets 2013: $2,715,744Liabilities 2013: $112,626Net Assets 2013: $2,603,1182013Assets 2014: $3,650,321Liabilities 2014: $845,746Net Assets 2014: $2,804,5752014Assets 2015: $4,272,205Liabilities 2015: $1,363,703Net Assets 2015: $2,908,5022015Assets 2016: $10,446,415Liabilities 2016: $6,446,494Net Assets 2016: $3,999,9212016Assets 2017: $13,956,748Liabilities 2017: $5,570,230Net Assets 2017: $8,386,5182017Assets 2018: $13,201,325Liabilities 2018: $3,515,325Net Assets 2018: $9,686,0002018Assets 2019: $16,609,211Liabilities 2019: $1,469,154Net Assets 2019: $15,140,0572019Assets 2020: $18,391,815Liabilities 2020: $1,220,099Net Assets 2020: $17,171,7162020Assets 2021: $27,822,588Liabilities 2021: $1,075,648Net Assets 2021: $26,746,9402021Assets 2022: $29,773,235Liabilities 2022: $1,018,731Net Assets 2022: $28,754,5042022Assets 2023: $35,772,945Liabilities 2023: $1,466,909Net Assets 2023: $34,306,0362023Assets 2024: $48,239,612Liabilities 2024: $5,342,611Net Assets 2024: $42,897,0012024

Highlighted filing

2024

Assets$48,239,612
Liabilities$5,342,611
Net Assets$42,897,001

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $1,999,5822010Revenue 2011: $3,253,126Expenses 2011: $2,744,953Net Income 2011: $508,1732011Expenses 2012: $1,846,6022012Revenue 2013: $3,282,283Expenses 2013: $2,799,683Net Income 2013: $482,6002013Revenue 2014: $4,619,660Expenses 2014: $4,418,203Net Income 2014: $201,4572014Revenue 2015: $5,917,902Expenses 2015: $5,813,975Net Income 2015: $103,9272015Revenue 2016: $7,790,994Expenses 2016: $6,699,575Net Income 2016: $1,091,4192016Revenue 2017: $7,877,294Expenses 2017: $3,490,697Net Income 2017: $4,386,5972017Revenue 2018: $7,563,933Expenses 2018: $6,264,451Net Income 2018: $1,299,4822018Revenue 2019: $9,231,810Expenses 2019: $3,777,753Net Income 2019: $5,454,0572019Revenue 2020: $11,431,459Expenses 2020: $9,399,800Net Income 2020: $2,031,6592020Revenue 2021: $21,368,993Expenses 2021: $11,793,769Net Income 2021: $9,575,2242021Revenue 2022: $6,948,230Expenses 2022: $4,940,666Net Income 2022: $2,007,5642022Revenue 2023: $19,308,156Expenses 2023: $13,756,624Net Income 2023: $5,551,5322023Revenue 2024: $20,190,335Expenses 2024: $12,599,370Net Income 2024: $7,590,9652024

Highlighted filing

2024

Revenue$20,190,335
Expenses$12,599,370
Net Income$7,590,965

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.2$5.34$42.9$20.2$12.6$7.59
2023Summary only. Only limited summary data is available for this year.$35.8$1.47$34.3$19.3$13.8$5.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$1.02$28.8$6.95$4.94$2.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.8$1.08$26.7$21.4$11.8$9.58
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$1.22$17.2$11.4$9.40$2.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$1.47$15.1$9.23$3.78$5.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$3.52$9.69$7.56$6.26$1.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$5.57$8.39$7.88$3.49$4.39
2016Summary only. Only limited summary data is available for this year.$10.4$6.45$4.00$7.79$6.70$1.09
2015Detailed filing. Detailed filing data is available for this year.$4.27$1.36$2.91$5.92$5.81$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.65$0.85$2.80$4.62$4.42$0.20
2013Detailed filing. Detailed filing data is available for this year.$2.72$0.11$2.60$3.28$2.80$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.07$2.12$1.85
2011Summary only. Only limited summary data is available for this year.$1.99$0.09$1.90$3.25$2.74$0.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.08$1.39$2.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$7,706,409
Mission and Program Overview

Mission

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

To preserve and protect Galveston Bay, Texas' largest estuary, for generations to come.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,227,935$19,744,061▲ $516,126
Savings and Temporary Cash Investments$5,705,451$7,110,399▲ $1,404,948
Pledges and Grants Receivable$1,906,204$1,649,404▼ $256,800
Cash and Non-Interest-Bearing Accounts$855,099$1,195,407▲ $340,308
Prepaid Expenses and Deferred Charges$46,542$47,494▲ $952
Intangible Assets$72,598$16,767▼ $55,831
Accounts Receivable$6,759$1,703▼ $5,056
Total Assets$27,822,588$29,773,235▲ $1,950,647
Other Assets Total$2,000$8,000▲ $6,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$593,419$579,026▼ $14,393
Accounts Payable and Accrued Expenses$236,813$284,229▲ $47,416
Escrow Account Liability$155,476$155,476→ $0
Deferred Revenue$89,940--
Total Liabilities$1,075,648$1,018,731▼ $56,917
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,426,201$20,300,395▲ $874,194
Net Assets With Donor Restrictions$7,320,739$8,454,109▲ $1,133,370
Total Net Assets Fund Balance$26,746,940$28,754,504▲ $2,007,564
Total Liabilities and Net Assets / Fund Balance$27,822,588$29,773,235▲ $1,950,647

Asset Categories

AssetBook ValueDepreciationBasis
Land$16,630,755-$16,630,755
Buildings$1,850,086$225,773$2,075,859
Other Land Buildings$1,001,184-$1,001,184
Equipment$262,036$227,653$489,689
Leasehold Improvements$0$5,952$5,952
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert J Stokes JrPresidentFT$167,633$26,808$194,441
Nicole ScanlinDirector of DevelopmentFT$146,880$5,892$152,772
Dawn AsburyControllerFT$125,120$9,645$134,765
Greg LoushineDirector of Strategic PartnershipsFT$118,560$4,021$122,581

Board Members and Trustees

NameTitle
Charlie PrioleauChair
Lori TraweekImmediate Past Chair
Janelle Daniel1st Vice Chair
Mark Burroughs2nd Vice Chair
Andy GiffhornDirector
Ed RandallDirector
Fay KirbyDirector
Fred PoundsDirector
Helen LaneDirector
JP Fjeld HansenDirector
Jay LendrumDirector
Jeff MyersonDirector
Kathleen LucasDirector
Laurence NeuhausDirector
Madeleine MontesDirector
Matt DoyleDirector
Monty BriscoeDirector
Patricia HammondDirector
Sarah HudginsDirector
Scott RiceDirector
Shawn JacksonDirector
Shelley BrittonDirector
Tom TollettDirector
Trae CambleDirector
Brian SauerSecretary
Jeff MiersTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Stantec Consulting ServicesEngineering, design services910 Louisiana St Fl 26, Houston, TX 77002$107,181
Revenue and Support

Revenue Composition

Contributions and Grants
$6,477,456
Program Service Revenue
$61,310
Investment Income
$459,359
Other Revenue
$-49,895
All Other Contributions
$4,634,628
Change in Net Assets
$2,007,564

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$527,652Fair Market Value (FMV)
Securities Publicly Traded6$238,784Fair Market Value (FMV)
Other Non Cash Contri Table24$20,636Fair Market Value (FMV)
Other Non Cash Contri Table16$2,046Fair Market Value (FMV)
Total Noncash Contributions47$789,118-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,948,230
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$56,431
Total Revenue per Audited Statements
$7,004,661
Total Revenue per Form 990
$6,948,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,504,853
Salaries, Compensation, and Employee Benefits$2,293,107
Total Fundraising Expense$871,647
Professional Fundraising Fees$92,057
Grants and Similar Amounts Paid$50,649

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,046,769$290,526$480,391$1,817,686
Office Expenses$173,343$25,152$40,549$239,044
Current Officers, Directors, Trustees, and Key Employees$89,427$60,928$44,086$194,441
Fees for Services Other$103,159$56,097$25,998$185,254
Payroll Taxes$72,883$43,631$33,510$150,024
Depreciation Depletion$104,213$24,931$17,131$146,275
Information Technology$25,027$59,567$47,761$132,355
Insurance$67,116$29,148$8,129$104,393
Fees for Services Professional Fundraising--$92,057$92,057
Other Employee Benefits$46,248$29,225$15,609$91,082
Travel$57,834$834$15,730$74,398
Occupancy$47,402$6,762$2,155$56,319
Grants to Domestic Orgs$50,649--$50,649
Pension Plan Contributions$18,223$13,424$8,227$39,874
Fees for Services Accounting-$37,483-$37,483
Interest$28,247--$28,247
Advertising$19,931$150$8,045$28,126
Fees for Services Legal$24,106--$24,106
Conferences and Meetings$10,248$698$12,885$23,831
Fees for Services Lobbying$502--$502
Other Expenses$489$929$5,817$489
All Other Expenses$137--$137
Total Functional Expenses$3,382,109$686,910$871,647$4,940,666

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,997,097
Expenses per Audited Statements$4,940,666
Total Expenses per Form 990$4,940,666
Expenses Not Reported on Form 990$56,431
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ducks Unlimited IncMemphis, TN501(c)(3)General support$18,500
Mississippi Land TrustStoneville, MS501(c)(3)General support$14,000
Artist BoatGalveston, TX501(c)(3)General support$10,000
UH Clear LakeHouston, TXGovt.EIH Marine Life Research$8,149
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$491,647
Fundraising Gross Income$275,682
Professional Fundraising Fees$92,057

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Guardian Gala$601,173$192,580$69,133$123,447
Oyster & SeaFest$200,964$23,475$6,882$16,593
Total Events$1,295,724$275,682$491,647$-215,965
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Form 990 is electronically distributed to the Board of Directors and is reviewed in detail with the finance and audit committee of the Board prior to filing. The finance and audit committee reviews both the Form 990 and the independent annual audit and presents reports to the full Board of Directors.

Form 990, Part VI, Section B, line 12C

All Board members and key employees are required to disclose any potential conflicts of interest and relationships via an annual disclosure statement and signed written conflict of interest policy. Management ensures that all Board members and key employees complete and submit the signed disclosure and COI policy annually, and reviews the completed forms.

Form 990, Part VI, Section B, line 15A

Board members reviewed outside data sources, Charity Navigator and the local United Way wage and benefits summary to determine reasonable compensation when the President was hired in 2004 and again when the President received a salary increase in 2019.

Form 990, Part VI, Section C, line 19

Audited financial statements and annual tax returns are available via the organization's website. All other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Galveston Bay Foundation Inc
EIN
76-0279876
Phone
2813323381
Address
1725 Highway 146, Kemah, TX 77565

Signing Officer

Name
Robert J Stokes Jr
Title
President
Phone
2813323381
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Stokes Jr
Formed
1987
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
43
Volunteers
2,493

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part II, Line 5:

Monitoring and inspection of conservation easements are conducted at least once per year via ground inspection by the Conservation Lands Manager or his appropriately trained designee. Enforcement of easements is conducted primarily through landowner education and relationship building, but GBF also carries legal insurance if litigation becomes necessary. All easements are monitored, inspected, and enforced.

Part II, Line 9:

Conservation easements represent rights to restrict the use, access, and development of certain properties. GBF monitors these easements in the normal course of its operations and associated costs are expensed as incurred. The Foundation receives gifts of conservation easements and grants toward the purchase of conservation easements, which represent numerous restrictions regarding the use and development of land not owned by the Foundation. The donated value of conservation easements are recorded, based on the estimated appraised value, as revenue when received and estimated conservation easement expense is recorded for an equal amount. Easements are not reported as assets because the Foundation does not believe the easements represent a future economic benefit.

Part IV, Line 2B:

GBF holds custodial funds pursuant to an agreement with another local nonprofit conservation entity for the purchase of undeveloped land. GBF will hold these funds until they are requested for disbursement of such purchase.

Raw XML AppendixShowing 400 of 882 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To preserve and protect Galveston Bay, Texas' largest estuary, for generations to come.
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Kemah
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IRS990/Desc0See Schedule OConservation programs work to preserve, protect, and restore important coastal habitats that provide critical ecosystem services and have suffered loss or degradation. GBF works closely with numerous partners in land acquisition, land stewardship, habitat restoration, and habitat enhancement activities across the Bay. As an accredited land trust, GBF protects natural areas by acquiring real estate and partnering with landowners to establish conservation easements on private lands. Currently, GBF owns or holds conservation easements on over 13,800 acres of land around Galveston Bay to ensure it is conserved in perpetuity. In 2022, GBF closed on one new conservation property and increased its conservation land holdings by 6 percent. Habitat restoration activities work to ensure healthy habitats for productive and sustainable populations of native species. Projects focus on shoreline protection; wetlands, oyster reef, and bird rookery restoration; and removal of marine debris.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Charlie Prioleau
IRS990/Form990PartVIISectionAGrp/PersonNm1Janelle Daniel
IRS990/Form990PartVIISectionAGrp/PersonNm2Mark Burroughs
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeff Miers
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian Sauer
IRS990/Form990PartVIISectionAGrp/PersonNm5Lori Traweek
IRS990/Form990PartVIISectionAGrp/PersonNm6Monty Briscoe
IRS990/Form990PartVIISectionAGrp/PersonNm7Shelley Britton
IRS990/Form990PartVIISectionAGrp/PersonNm8Trae Camble
IRS990/Form990PartVIISectionAGrp/PersonNm9Matt Doyle
IRS990/Form990PartVIISectionAGrp/PersonNm10Andy Giffhorn
IRS990/Form990PartVIISectionAGrp/PersonNm11Patricia Hammond
IRS990/Form990PartVIISectionAGrp/PersonNm12JP Fjeld Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm13Sarah Hudgins
IRS990/Form990PartVIISectionAGrp/PersonNm14Shawn Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm15Fay Kirby
IRS990/Form990PartVIISectionAGrp/PersonNm16Helen Lane
IRS990/Form990PartVIISectionAGrp/PersonNm17Jay Lendrum
IRS990/Form990PartVIISectionAGrp/PersonNm18Kathleen Lucas
IRS990/Form990PartVIISectionAGrp/PersonNm19Madeleine Montes
IRS990/Form990PartVIISectionAGrp/PersonNm20Jeff Myerson
IRS990/Form990PartVIISectionAGrp/PersonNm21Laurence Neuhaus
IRS990/Form990PartVIISectionAGrp/PersonNm22Fred Pounds
IRS990/Form990PartVIISectionAGrp/PersonNm23Ed Randall
IRS990/Form990PartVIISectionAGrp/PersonNm24Scott Rice
IRS990/Form990PartVIISectionAGrp/PersonNm25Tom Tollett
IRS990/Form990PartVIISectionAGrp/PersonNm26Robert J Stokes Jr
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IRS990/Form990PartVIISectionAGrp/PersonNm28Dawn Asbury
IRS990/Form990PartVIISectionAGrp/PersonNm29Greg Loushine
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IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt27Director of Development
IRS990/Form990PartVIISectionAGrp/TitleTxt28Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director of Strategic Partnerships
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IRS990/MissionDesc0The mission of the Galveston Bay Foundation (GBF) is to preserve and enhance Galveston Bay as a healthy and productive place for generations to come.
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