Protects, restores, and inspires conservation of the San Francisco Bay watershed, from Sierra to sea.
For fiscal year 2024 it reported $8.0M in revenue, $9.3M in expenses, and $-6.7M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$8.0M
Pt VIII · Ln 12
Total expenses
$9.3M
Pt IX · Ln 25
Net assets
$-6.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.2M
Where spending went · Part IX cols B–D
82%
14%
Program services $0.82 Management & general $0.14 Fundraising $0.03
Program efficiency
82%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
-15%
revenue over expenses, this year▲ +29% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$8.0M
FY2024▼ -14%
$10.0M$5.0M$0
FY2020FY2024
Expenses
$9.3M
FY2024▼ -18%
$11.3M$5.6M$0
FY2020FY2024
Total assets
$3.5M
FY2024▼ -22%
$6.3M$3.2M$0
FY2020FY2024
Total liabilities
$10.2M
FY2024▲ +3%
$10.2M$5.1M$0
FY2020FY2024
Total revenue
$8.0M
Pt VIII · Ln 12
Total expenses
$9.3M
Pt IX · Ln 25
Net assets
$-6.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.2M
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III
Where the work happens
3 program services account for $7.6M of program spending, described in the organization's own filed words · FY2024.
01
Program #1
EXHIBITSBAY.ORG, which operates the aquarium of the bay. It is the only smithsonian affiliated aquarium in the state of california. It provides approximately 500,000 visitors each year with experiences that educate and inspire conservation of the san francisco bay and its watershed. It is open to the public 364 days a year.
$6.9Mprogram expense
02
Program #2
EDUCATIONBAY.ORG provides a variety of education programs from school groups, youth groups, families, scout troops, and visitors of all ages. Education programs are on the aquarium of the bay premises, at schools, at the sea lion center located at pier 39, and at the ecocenter at heron's head park.
$426Kprogram expense
03
Program #3
Field conservationthe san francisco bay has been altered drastically from the pristine estuary that existed in the 1800s. Hundreds of miles of earthen dikes built around the bay's salt marshes served their connection to its tidewaters. The diked marshes were drained and converted to agricultural lands.
George Jacob’s $259K as President & CEO
is at the 94th percentile of top reported officer pay among 3916 $1–10M arts & culture 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
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.
Individual George Jacob · Reported title PRESIDENT & CEO · Highest reported compensation $259K · Total expenses $9.3M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.7M · Total expenses $9.3M
50%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
82%
—
—
Overhead ratio
14%
—
—
Fundraising cost ratio
23%
—
—
Revenue growth
-14%
—
—
Legal fee ratio
3%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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