Overview
What is Maryland Forestry Boards Foundation Inc?
Maryland Forestry Boards Foundation Inc is a nonprofit organization based in Annapolis, Maryland, with a focus on supporting the programs and activities of the Maryland Association of Forest Conservancy District Boards and the 24 county Forestry Boards. The Foundation serves as a fiduciary agent and fundraising manager for their programs, providing essential tax deductibility to donors interested in the stewardship, conservation, and sustainable use of Maryland's forest resources. In 2022, the Foundation managed five separate grants from the Maryland Department of Natural Resources, primarily for the Healthy Forests, Healthy Water initiative. These funds were used to implement tree planting projects on private land, in collaboration with the Maryland Forest Service staff, to deliver nutrient and sediment reductions for water quality purposes. The Foundation contracts with natural resources consultants and tree planting contractors, while engaging local volunteer Forestry Boards through training and technical assistance, allowing them to monitor the projects' success. The Foundation's expenses in 2022 totaled $1,092,840, with approximately $1,037,237 going towards tree planting and maintenance contractors across the state. The remaining expenses comprise $52,704 for Foundation management and accounting, and $2,899 in mileage reimbursements. The Foundation's mission has expanded in recent years to include the promotion and management of several large forestry programs funded by the Maryland Department of Natural Resources.
Official website here: www.marylandforestryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Maryland Forestry Boards Foundation Inc has a mixed performance according to Charity Navigator, with a score of 73% reflecting its accountability and financial health. The organization benefits from strong governance, with 81% of its board members being independent and a solid track record of no material diversion of assets. Additionally, the program expense ratio is commendable at 96.74%, indicating that a vast majority of its funds are directed toward its programs.
However, the foundation faces significant challenges in transparency and governance practices. Notably, it lacks essential policies such as a whistleblower policy and a document retention and destruction policy, which have led to low scores in these areas. Furthermore, there are no financial statements available to the public, as the tax form is not posted on the nonprofit's website, which raises concerns about overall financial transparency.
While the organization shows a strong commitment to its mission, the deficiencies in governance and transparency could hinder its credibility and trust among potential donors and supporters. Addressing these issues may enhance its rating and public perception in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland Forestry Boards Foundation Inc legitimate?
Maryland Forestry Boards Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Forestry Boards Foundation 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: $0
For more financial information, click here
Official website here: www.marylandforestryfoundation.org
What is the mission statement of Maryland Forestry Boards Foundation Inc?
The Maryland Forestry Boards Foundation's mission revolves around acting as a supportive agent for the 24 Forestry Boards in the state. By serving as a fiduciary and fundraising manager, they facilitate donations from corporations and private entities, contributing to the stewardship, conservation, and sustainable use of forest resources. In recent years, their mission has expanded to include the promotion and management of significant forestry programs funded by the Maryland Department of Natural Resources. The foundation also oversees statewide tree planting initiatives on private land using state grants.
Official website here: www.marylandforestryfoundation.org
Who is the CEO of Maryland Forestry Boards Foundation Inc?
Gary G Allen is the President of Maryland Forestry Boards Foundation Inc.
Official website here: www.marylandforestryfoundation.org
What is the revenue of Maryland Forestry Boards Foundation Inc?
Maryland Forestry Boards Foundation Inc's revenue in 2022 was $1,367,074.
Official website here: www.marylandforestryfoundation.org
Who are the executives of Maryland Forestry Boards Foundation Inc and what are their salaries?
There 45 volunteers at Maryland Forestry Boards Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $50,330
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- Compensation: $19,373
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Official website here: www.marylandforestryfoundation.org
Where can I find the form 990 for Maryland Forestry Boards Foundation Inc?
Maryland Forestry Boards Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marylandforestryfoundation.org
Learn more at the official website: www.marylandforestryfoundation.org
Mission Statement of Maryland Forestry Boards Foundation Inc
The Maryland Forestry Boards Foundation, a dedicated organization, serves as a critical supporter of various programs and activities initiated by the Maryland Association of Forest Conservancy District Boards and the 24 county Forestry Boards. In this role, the Foundation acts as a financial intermediary, managing funds for specific programs and offering tax-deductible opportunities to corporate and private donors who are passionate about the conservation and sustainable use of Maryland's forest resources.
Expanding its mission in recent years, the Foundation has taken on the management and promotion of several large-scale forestry programs, funded by the Maryland Department of Natural Resources. As a fiduciary agent, it plays a crucial role in facilitating statewide tree planting initiatives on private land, utilizing state grants. The Foundation's mission is to ensure the responsible stewardship of Maryland's forests, enabling these valuable resources to be preserved for future generations.
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Impact
June, 2024
Maryland Forestry Boards Foundation Inc plays a crucial role in supporting the programs and activities of the Maryland Association of Forest Conservancy District Boards and the 24 county Forestry Boards. By serving as a fiduciary agent and fundraising manager for these organizations, the foundation effectively facilitates the implementation of various initiatives aimed at promoting forest conservation and sustainable land use across the state.
One significant impact of the Foundation's work is evident through its management of the Healthy Forests, Healthy Water initiative, which saw expenses totaling $1,092,840 in 2022. This initiative, executed under a grant agreement with the Maryland Department of Natural Resources, focuses on statewide tree planting projects on private land. By partnering with natural resources consultants and tree planting contractors, the Foundation has been able to oversee the successful implementation of these projects, contributing to quantifiable reductions in nutrients and sediment for improved water quality.
Furthermore, the Foundation's engagement with local volunteer Forestry Boards is instrumental in providing training and technical assistance to support the documentation and monitoring of project success. Through effective collaboration and resource allocation, the Foundation ensures that initiatives are carried out efficiently and with measurable outcomes.
Overall, Maryland Forestry Boards Foundation Inc's dedication to promoting the stewardship, conservation, and sustainable use of Maryland's forest resources not only benefits the environment but also provides valuable opportunities for corporate and private donors to contribute to these essential causes while receiving tax deductibility. This impactful work underscores the Foundation's commitment to advancing forestry programs and enhancing environmental stewardship throughout the state.
This information is meant to be a general summary of Maryland Forestry Boards Foundation 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: $82
- Program Service Revenue: $21,775
- Gross Receipts: $1,367,074
Assets and Liabilities:
- Total Assets: $135,162
- Total Liabilities: $0
- Net Assets: $135,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
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Revenue
$21,775
Organization Details
Founding Year
1990
Phone
(410) 610-7719Principal Officer
Gary G Allen
Main Address
124 SOUTH STREET 3, ANNAPOLIS, MD, 21401
NTEE Category
Code: C30Z - Environment
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