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Saturday, August 16, 2014

Interesting info on the Chesapeake Bay Foundation, how about the off shore bank accounts

CORRECTION

Total revenues were $36M - of which $31M was contributions.

Total expenses were $24M.

All other information is good. Sorry.

Bob

Robert L. Willey
Asst. Finance Director
Dorchester County Government
410-228-7291
fax 410-221-5108

From: Robert Willey
Sent: Thursday, August 14, 2014 9:40 AM
To: (C) Tom Bradshaw
Cc: Michael Spears
Subject: Ches Bay Found

Latest return on file is for June 30, 2012 – filed on 5-6-13.

Key items:

Total revenues = $22M [most is contributions

Total expenses = $27M [grants = $4M + salaries = $13M]

Amount actually spent on programs [for which they were granted their tax exemption] = $18M

Net fund balances = $78M of which $8.5M is in cash [$4.6M is in Central America and the Caribbean]

The four corporate officers had combined compensation of $636,000. The 5 VPs of specific divisions make another $724,000.

I have placed this information and copies of a few pages from their return in your mailbox.

Bob
Robert L. Willey
Asst. Finance Director
Dorchester County Government
410-228-7291
fax 410-221-5108

6 comments:

  1. That organization is danger to the Eastern Shore.

    ReplyDelete
  2. Imagine that, a corrupt "non profit".

    ReplyDelete
  3. And they want to interview local candidates in a forum. The candidates would be fools to attend their forum.

    ReplyDelete
  4. And each county has to "join" for $25,000.
    They are a scam, that I have been warning those who will listen, about.

    ReplyDelete
  5. they must go, and Wicomico County should no longer support these people.

    ReplyDelete
  6. They party with the elites with that money that's all.

    ReplyDelete

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