Chesapeake Bay Memories Charities Inc

Nonprofit profile at a glance

EIN
412062179
IRS 990-EZ coverage
2010–2023
Forms available
Form 990 2020, Form 990-EZ 2023
Location
Baltimore, MD, USA
Phone
4109182225
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Gift Distribution

Reported finances

Revenue
$24,998
Expenses
$24,980
Assets
$20,272
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Penelope Soteria (Exec Director/CEO)
  • Robert A Sersen Jr (Vice-President)

People named in this filing

  • Penelope Soteria (Exec Director/CEO)
  • Robert A Sersen Jr (Vice-President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a 22 year old all-volunteer run charitable education organization that serves and strengthens the community through our high-caliber hands-on Chesapeake Bay watershed-focused educational, leadership, and community outreach programs afloat and ashore for youth ages 8 to 18. We're continuing to enthusiastically further our mission to ensure people are aware of Baltimore County's waterfront amenities while we enable access to sharing, experiencing, & understanding the Bay's multi-faceted significance hands-on, so more people become passionate & responsible stewards of our region's precious Chesapeake Bay. We are committed to ensuring that challenges don't prevent children from experiencing and learning hands-on about the Chesapeake Bay AND realizing their full potential.

What it reported doing in 2023

2023 Direct Program Costs totaled $24,980. During the past 22 years, Chesapeake Bay Memories Charities has benefited over 25,000 local children through participation in our Chesapeake Bay stewardship and youth leadership programs.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.9%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0.1%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -0.4% per year; rating input score 0; 48th percentile among comparable filings
  • Revenue growth: -0.1% per year; rating input score 0; 53rd percentile among comparable filings
  • Asset growth: -14.3% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 99.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $25K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.