Better Business Bureau Report for
Galveston Bay Foundation

Better Business Bureau Report issued August 2012
Better Business Bureau Report expires August 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Galveston Bay Foundation
Address: 17330 Highway 3
  Webster, TX 77598
Phone: 281-332-3381
Web Address: www.galvbay.org
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Better Business Bureau Comments

Year, State Incorporated:
Affiliates: None
Stated Purpose: 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.

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Evaluation Conclusions

              

Galveston Bay Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Galveston Bay Foundation’s (GBF) programs in advocacy, conservation, education, and research strive to ensure that Galveston Bay remains a beautiful and productive place for generations to come. GBF’s advocacy programs allow GBF to serve as the watchdog for Galveston Bay. The overarching goal is to encourage and actively seek solutions to conflicts among the diverse users of the Bay. These programs attempt to balance the multiple uses of Galveston Bay so that the long-term interests of the Bay itself are not compromised. GBF’s conservation programs focus on estuarine habitat preservation, protection, and restoration. In its 25-year history, GBF has preserved, protected, and enhanced over 16,500 acres of coastal habitat and protected over 16 miles of eroding shoreline. GBF’s education programs provide science-based environmental education focused on Galveston Bay. The goal of the program is to develop a knowledgeable constituency, ranging from school children to public officials, which recognizes the positive quality-of-life benefits that a healthy Galveston Bay system provides for the entire Houston/Galveston region. GBF’s research programs focus on the monitoring of created wetlands and restored habitat across Galveston Bay. GBF also advocates for the allocation of research dollars to the region to ensure the health of Galveston Bay and its users.

For the fiscal year ended December 31, 2010, Galveston Bay Foundation's program expenses were:

  
Conservation 1,040,073
Education 438,947
Advocacy 245,400
Research 25,510
Total Program Expenses: $1,749,930
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Governance

              

Chief Executive : Bob Stokes, President
Compensation*: 
$118,450

Chair of the Board: George Pontikes
Chair's Profession / Business Affiliation: President & CEO of Satterfield and Pontikes Construction

Board Size: 70

Paid Staff Size: 17

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, planned giving arrangements, Newsletter and E-newsletter
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $1,498,556, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Galveston Bay Foundation's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Grants and contributions 1,371,403
Contract revenue 760,847
Special events revenue 127,153
Investment and other income 3,759
Sale of merchandise, net of costs 585
Less: Cost of direct benefits provided to donors -22,256
Total Income $2,241,491


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 5%  Administrative: 10% 

Total income $2,241,491
Program expenses $1,749,930
Fund raising expenses 110,490
Administrative expenses 212,980
Total expenses $2,073,400
Income in Excess of Expenses 168,091
Beginning net assets 1,136,121
Ending net assets 1,389,555
Total liabilities 83,594
Total assets $1,473,149


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Complaints

              

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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