Overview
What is Delaware Bay And River Cooperative Inc?
Delaware Bay and River Cooperative Inc is a nonprofit organization based in Lewes, Delaware, specifically located at 700 Pilottown Road. Its primary mission is to ensure the swift and effective management of oil spills, responding to waterway incidents for both member and non-member companies at the request of the US Coast Guard. The organization's purpose is to safeguard public welfare, particularly in the areas of the Delaware River, Delaware Bay, Delaware-Chesapeake Canal, and Schuylkill River, by planning and providing for the prompt and efficient control of oil spills, including persistent oil discharges that may affect waterways, harbors, and adjoining public and private properties and beaches. The cooperative currently employs 22 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Delaware Bay And River Cooperative Inc has received a commendable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored 87% in these areas, suggesting a reliable and transparent management of resources. The rating is particularly notable as it is based solely on the Accountability & Finance beacon, highlighting the cooperative’s commitment to financial integrity.
The organization demonstrates a well-structured governance model with 100% independent board members and an effective audit and oversight committee. Key financial metrics show that the organization keeps liabilities low in relation to assets and has a high program expense ratio, indicating that a significant portion of their funds is directed towards their mission. Furthermore, their fundraising efficiency is excellent, reflecting minimal costs in relation to the funds raised.
Despite the strong performance, there may be limitations in areas not covered by the Accountability & Finance rating, such as program impact or community engagement. However, based on the available data, Delaware Bay And River Cooperative Inc appears to be a financially sound organization dedicated to transparency and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Bay And River Cooperative Inc legitimate?
Delaware Bay And River Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Bay And River Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,329,991
For more financial information, click here
What is the mission statement of Delaware Bay And River Cooperative Inc?
The Delaware Bay and River Cooperative Inc, in its mission, strives to safeguard public welfare by devising and executing plans for the swift and effective management of oil spills. Their goal extends to controlling discharges of persistent oil that may occur in the waters and harbors of the Delaware River, Delaware Bay, Delaware-Chesapeake Canal, and Schuylkill River. Furthermore, they aim to secure the well-being of the adjacent public and private properties and beaches, ensuring a clean and safe environment for all.
Who is the CEO of Delaware Bay And River Cooperative Inc?
Robert Poole is the Director of Delaware Bay And River Cooperative Inc.
What is the revenue of Delaware Bay And River Cooperative Inc?
Delaware Bay And River Cooperative Inc's revenue in 2022 was $3,076,512.
Who are the executives of Delaware Bay And River Cooperative Inc and what are their salaries?
The average compensation at Delaware Bay And River Cooperative Inc during 2022 was $60,454. There are 22 employees at Delaware Bay And River Cooperative Inc.
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- Compensation: $148,806
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- Compensation: $112,753
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Where can I find the form 990 for Delaware Bay And River Cooperative Inc?
Delaware Bay And River Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delaware Bay And River Cooperative Inc
The Delaware Bay and River Cooperative Inc, a dedicated organization, is committed to promoting public welfare by planning and executing the prompt and efficient control of oil spills. This includes managing discharges of persistent oil occurring in the waters and harbors, as well as the abutting public and private properties and beaches of portions of the Delaware River, Delaware Bay, Delaware-Chesapeake Canal, and Schuylkill River. The primary goal of this cooperative is to ensure the protection of these water bodies and the surrounding areas from the harmful effects of oil spills, thereby safeguarding the environment and the wellbeing of the public.
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Impact
June, 2024
Delaware Bay and River Cooperative Inc's impact lies in ensuring the prompt and efficient control of oil spills in waterways such as the Delaware River, Delaware Bay, Delaware-Chesapeake Canal, and Schuylkill River. By planning and responding to waterway incidents for member and non-member companies at the request of the US Coast Guard, the organization plays a crucial role in protecting the environment and promoting the welfare of the public. Their mission to control oil spills, especially persistent oil discharges, helps prevent environmental damage to the waters, harbors, and surrounding properties and beaches in their area of operation.
This information is meant to be a general summary of Delaware Bay And River Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $33,263
- Program Service Revenue: $481,393
- Gross Receipts: $3,076,512
Assets and Liabilities:
- Total Assets: $4,881,879
- Total Liabilities: $241,467
- Net Assets: $4,640,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER SERVICES
Revenue
$370,701
SPILL RECOVERY COSTS
Revenue
$87,592
SUBSCRIBER FEES
Revenue
$23,100
Organization Details
Founding Year
1981
Phone
(610) 859-2830Principal Officer
Robert Poole
Main Address
700 PILOTTOWN ROAD, LEWES, DE, 19958
NTEE Category
Code: C32 - Environment
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