Buzzards Bay Coalition INC FY2022 filing

Tax-deductible

New Bedford, MA501(c)(3)Since 1987EnvironmentEIN 04-2971978Revenue $7.9M in FY2022

On file with the IRS114 Front St, 02740-7264 · New Bedford, MATax-exempt since Feb 1988Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is dedicated to the protection, restoration, sustainable use and enjoyment of Buzzards Bay and its watershed.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$720K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.0M a year · 27% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$720K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $76K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 20 voting members
Looks good: 19 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.9M
-27% vs prior year
Spent
$5.8M
To programs
77%
Net assets
$34.9M
By yearFY2020–FY2024
Revenue
$7.9M
FY2022▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.4M
FY2021$10.8M
FY2022$7.9M
FY2023$13.2M
FY2023$7.7M
FY2024$15.7M
Expenses
$5.8M
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.8M
FY2021$4.4M
FY2022$5.8M
FY2023$9.1M
FY2023$3.1M
FY2024$14.0M
Net assets
$34.9M
FY2022▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$27.9M
FY2021$34.6M
FY2022$34.9M
FY2023$39.9M
FY2023$45.1M
FY2024$47.5M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $4.5M Management & general 12% · $674K Fundraising 11% · $661K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $720K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO
$237,773Pt VII · Sec A
VP Watershed Protection
$158,257Pt VII · Sec A
VP Advocacy
$112,925Pt VII · Sec A
VP Engagement
$109,024Pt VII · Sec A
VP Science
$102,243Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Rasmussen’s $275K as President & CEO is at the 57th percentile of top reported officer pay among 324 $10–100M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021FY2020
Mark Rasmussen$275,006$267,738$247,172$237,773$234,544$208,853
Beth McDermott$190,550$230,485$121,765———
Michael Kelly$199,378$130,069————
Brendan Annett$191,276$183,680$175,180$158,257$165,362$148,757
Rachel Jukuba$148,180—————
Rachel Jakuba—$140,995$129,245$102,243——
Rhonda Veugen—————$130,342
Korrin Petersen—$123,590$119,447$112,925$119,935$110,480

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Buzzards Bay Coalition INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Protects, restores, and promotes sustainable use and enjoyment of Buzzards Bay and its watershed.

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Provided by the organization

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3 programs · $4.5M · in their own filed words · FY2021
01

Watershed Protection

Activities in our watershed protection program include land conservation efforts aimed at collaborations and accelerating the rate of permanent land protection in the bay watershed. Our bay lands revolving fund helps local land conservation initiatives compete in the real estate market.

$2.1Mprogram expense
02

Science & Advocacy

Buzzards bay advocacy programs work at the local, state and federal level to encourage smart growth, protect important watershed lands, reduce pollution, prevent oils spills and improve sewage treatment.

$1.4Mprogram expense
03

Community Emgagement/Education

The coalition provides programs to give all bay residents the opportunity to understand, value and take a role in protecting this irreplaceable asset, buzzards bay.

$973Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 7 funders →
Grants paid · 1 grant · $9K · 2020–2020

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.9M
Ln 12
Gifts and grantsLn 1h$7.4M
Investment incomeLn 3$380K
Other incomeLn 4–11$81K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.5M
Managementcol C$674K
Fundraisingcol D$661K
Owns and owesPt X
$34.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$38.2M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
28
listed · VII A
PaidVII A5
Voting boardVI 1a20
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.4M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$557K
Fundraising eventsLn 1c$623K
Investment incomeLn 3$380K
Other incomeLn 4–11$81K
Gains on assetsLn 7−$1K
Total revenueLn 12$7.9M
Assets in detailPt X, end of year
CashLn 1$220K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$12.7M
Other assetsLn 15$14.4M
Total assetsLn 16$38.2M
LiabilitiesLn 26$3.3M
Net assetsLn 32$34.9M
OperationsPt I, VI
EmployeesI 533
VolunteersI 6450
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.8M$1.8M
InvestmentsLn 11–13$8.4M$7.7M
Land, buildings, equipmentLn 10c$12.9M$12.7M
Total assetsLn 16$35.4M$38.2M
LiabilitiesLn 26$842K$3.3M
Net assetsLn 32$34.6M$34.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$293K$176K$59K$59K
Other salaries and wagesLn 7$1.9M$1.4M$64K$352K
Pension plan contributionsLn 8$73K$51K$7K$15K
Other employee benefitsLn 9$153K$106K$16K$32K
Payroll taxesLn 10$167K$109K$31K$28K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$50K$9K$41K
Lobbying feesLn 11d$8K$8K
Other fees for servicesLn 11g$946K$698K$207K$42K
Office expensesLn 13$210K$75K$93K$42K
Information technologyLn 14$60K$459$30K$30K
OccupancyLn 16$145K$131K$7K$7K
TravelLn 17$36K$28K$4K$4K
Conferences, conventions and meetingsLn 19$73K$5K$43K$25K
InterestLn 20$42K$42K
Depreciation, depletion and amortizationLn 22$464K$415K$24K$25K
InsuranceLn 23$89K$40K$48K$1K
Other expenses (24a–d)Ln 24$1.1M$1.1M$897$293
Total functional expensesLn 25$5.8M$4.5M$674K$661K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.7M$14.0M$1.7M$47.5M 990 PDF
FY2023 $13.2M$9.1M$4.1M$39.9M 990 PDF
FY2022 Viewing $7.9M$5.8M$2.1M$34.9M 990 PDF
FY2021 $10.8M$4.4M$6.4M$34.6M 990 PDF
FY2020 $8.4M$7.8M$582K$27.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $7,909,667 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,422,751$7,448,217
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $284,689$380,041
I-11 Other revenuePrior year $81,805$81,409
I-12 Total revenuePrior year $10,789,245$7,909,667
I-13 Grants and similar amounts paidPrior year $9,267$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,014,735$2,548,493
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,353,245$3,264,920
I-18 Total expensesPrior year $4,377,247$5,813,413
I-19 Revenue less expensesPrior year $6,411,998$2,096,254
Part VI · Governance 19 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,909,667 across 11 lines filed
VIII-1c Fundraising events$623,171
VIII-1e Government grants$1,249,881
VIII-1f All other contributions, gifts and grants$5,575,165
VIII-1g Noncash contributions (included above)$557,454
VIII-1h Total contributions, gifts and grants$7,448,217
VIII-3 Investment incomeExcluded from tax $381,343$381,343
VIII-6 Net rental income or lossExcluded from tax $32,916$32,916
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,302−$1,302
VIII-8 Net income from fundraising eventsExcluded from tax −$8,565−$8,565
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $57,058$57,058
VIII-12 Total revenueRelated to mission $57,058 · Unrelated business $0 · Excluded from tax $404,392$7,909,667
Part IX · Statement of functional expenses $5,813,413 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $175,775 · Management $58,591 · Fundraising $58,591$292,957
IX-7 Other salaries and wagesPrograms $1,445,132 · Management $64,428 · Fundraising $352,416$1,861,976
IX-8 Pension plan contributionsPrograms $50,773 · Management $6,823 · Fundraising $15,007$72,603
IX-9 Other employee benefitsPrograms $105,572 · Management $16,312 · Fundraising $31,608$153,492
IX-10 Payroll taxesPrograms $108,761 · Management $30,527 · Fundraising $28,177$167,465
IX-11b Legal feesPrograms $18,734$18,734
IX-11c Accounting feesPrograms $8,826 · Management $40,811$49,637
IX-11d Lobbying feesPrograms $8,365$8,365
IX-11g Other fees for servicesPrograms $697,624 · Management $206,963 · Fundraising $41,809$946,396
IX-13 Office expensesPrograms $74,641 · Management $93,256 · Fundraising $41,810$209,707
IX-14 Information technologyPrograms $459 · Management $29,717 · Fundraising $30,073$60,249
IX-16 OccupancyPrograms $131,409 · Management $6,897 · Fundraising $6,897$145,203
IX-17 TravelPrograms $28,239 · Management $3,617 · Fundraising $3,732$35,588
IX-19 Conferences, conventions and meetingsPrograms $4,675 · Management $42,726 · Fundraising $25,104$72,505
IX-20 InterestPrograms $42,272$42,272
IX-22 Depreciation, depletion and amortizationPrograms $415,257 · Management $24,140 · Fundraising $24,538$463,935
IX-23 InsurancePrograms $39,749 · Management $48,182 · Fundraising $1,083$89,014
IX-24 Other expenses (24a–d)Programs $1,122,125 · Management $897 · Fundraising $293$1,123,315
IX-25 Total functional expensesPrograms $4,478,388 · Management $673,887 · Fundraising $661,138$5,813,413
Part X · Balance sheet $38,247,593 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $98,165$220,209
X-2 Savings and temporary cash investmentsStart of year $1,665,639$1,550,149
X-3 Pledges and grants receivableStart of year $1,629,867$1,219,078
X-4 Accounts receivableStart of year $360,757$304,066
X-9 Prepaid expenses and deferred chargesStart of year $94,659$164,592
X-10c Land, buildings and equipment, netStart of year $12,913,905$12,686,848
X-11 Publicly traded securitiesStart of year $8,359,694$7,703,461
X-15 Other assetsStart of year $10,304,585$14,399,190
X-16 Total assetsStart of year $35,427,271$38,247,593
X-17 Accounts payable and accrued expensesStart of year $268,599$574,036
X-19 Deferred revenueStart of year $423,153$782,089
X-26 Total liabilitiesStart of year $841,752$3,309,659
X-27 Net assets without donor restrictionsStart of year $23,396,104$22,495,924
X-28 Net assets with donor restrictionsStart of year $11,189,415$12,442,010
X-32 Total net assets or fund balancesStart of year $34,585,519$34,937,934
X-33 Total liabilities and net assetsStart of year $35,427,271$38,247,593
Part XI · Reconciliation of net assets $34,937,934 net assets at year end
XI-1 Total revenue$7,909,667
XI-2 Total expenses$5,813,413
XI-3 Revenue less expenses$2,096,254
XI-4 Net assets at start of year$34,585,519
XI-5 Net unrealized gains (losses) on investments−$1,692,604
XI-9 Other changes in net assets−$51,235
XI-10 Net assets at end of year$34,937,934

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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