| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Tax compliance | 2,500 | 0 | 2,500 | |
| Accounting | 10,529 | 0 | 10,529 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| Boat - program use | 2022-08-25 | 60,170 | 2,865 | SL | 7.000000000000 | 8,596 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Explanation: | Part VIII-A Direct Charitable Activities - Activity One | Schicke Point Living Shoreline ProjectMBF partnered with Texas Parks and Wildlife Department, USFWS and Freese and Nichol's Engineers on a $500,000 grant request for a mile long shoreline protection project in Matagorda Bay. The shoreline protection project is an extension of an existing project that is designed to enhance and protect fragile wetland and oyster communities located along the north shore of West Matagorda Bay near the town of Palacios. The project was completed in 2023.Oliver Point/Reef Project MBF was awarded funds from the Texas General Land Office (TGLO) CEPRA program, and the U.S. Fish and Wildlife Service Coastal Program to begin the engineering, design and permitting of a project to protect shorelines, and restore important oyster reef and marsh habitats in West Matagorda Bay. The project site is located at Oliver Point, a few miles south of Palacios, Texas at the confluence of Tres Palacios and Matagorda Bays. The area is an extraordinary example of central Texas estuarine diversity and is characterized by the uniquely proximal locations of several important estuarine habitats including oyster reef, tidal marsh, submerged aquatic vegetation and fragile shell ridges at Oliver Point and Coon Island Bay. The project will restore and/or protect over 700 acres of estuarine tidal marsh and shallow bay habitat and restore almost 50 acres of oyster reef habitat. Final permits were received by the USACOE and MBF is now seeking funding for construction estimated $50 million. Dog Island Acquisition ProjectMBF was contacted by owners of a 1000-acre parcel of coastal property (Dog Island) to negotiate the sale of the property as a coastal wildlife and fisheries preserve. Dog Island is a coastal "island" located a few miles west of Matagorda, Texas, situated between the Colorado River delta, the Texas Parks and Wildlife Department's (TPWD) Mad Island Marsh Wildlife Management Area, and the open expanse of West Matagorda Bay. The Dog Island landscape is reflective of the unique biological diversity that is characteristic of central Texas' coastal systems. The proximity of the island to the Colorado River delta ensures suitable salinities, sediments, and nutrients to sustain oyster populations, overall marsh productivity, and a diverse assemblage of aquatic resources.In December 2020 MBF negotiated the sale and transfer of temporary ownership to a local philanthropist to hold the property until a TGLO grant award is finalized and awarded to MBF in April 2021.Acquisition of property from owner and transfer of deed to Matagorda County (per funding agreement) was completed in October 2022. A 99-year conservation lease was granted to the MBF by Matagorda County government in October 2022. The Matagorda Bay Foundation is continuing to make improvements for public access and use per the terms of the Texas General Land Office, Project of Special merit grant.The grant agreement will be fulfilled during FY 2024 and the project will be completed. Redfish Lake- Salt Lake Living Shorelines ProjectRedfish Lake and Salt Lake are small, highly productive coastal lakes located near the mouth of Carancahua Bay in the Matagorda Bay ecosystem. In 2003 a hurricane created a deep scour channel at the location of a shallow wash-over into Redfish Lake. Over the past 16 years, the scour channel has grown deeper and wider and collateral damage to shallow oyster reef and seagrass habitat in Redfish Lake has grown proportionally.This area was identified as a high priority project in MBF directed strategic planning efforts and subsequently added to the Texas General Land Office's Statewide Coastal Resiliency Master Plan published in 2019. The MBF has partnered with the Texas General Land Office, USFWS, Texas A&M University, Freese and Nichols Engineering and Texas Parks and Wildlife to study the area and identify effective techniques to prevent further habitat loss and address the growing scour channel into Redfish Lake.MBF staff assisted TAMU researchers with siting and placement of flow/tide meters and wave height gauges. MBF is currently coordinating a property access agreement and collaborating with TAMU, USFWS, TGLO on permitting and leasing requirements. This project is ongoing. Hydrologic studies have been completed and engineering, design and alternatives development are underway. Landowner permission was granted, and funding extensions have been requested. We anticipate construction to begin in late FY 2025.Baylor-NOAA B-Wet ProgramMBF partnered with staff at Baylor University on a NOAA B-Wet grant to provide watershed education to secondary teachers in Texas coastal counties. The program will provide curriculum development and field experiences for secondary STEM teachers. Completed in 2023. Abandoned Crab Trap Removal ProgramMBF partnered with USFWS, San Antonio Bay Partnership, and Lavaca Bay Foundation on the TPWD annual crab trap removal program. The program allows volunteers to retrieve abandoned crab traps from Texas coastal waters during a two-week fishery closure in February. Abandoned crab traps continue to entrap fish, turtles and invertebrates and contribute to the mortality and loss of economically and ecologically significant estuarine organisms. MBF recruits volunteers each year to participate in the annual event. Turtle Creek Aquaculture NurseryMBF has partnered with the Matagorda Bay Mitigation Trust (a funding entity), Turtle Creek Aquaculture (a commercial redfish farm), and BioWest Inc. (an engineering/consulting firm) on a pilot project to evaluate the feasibility of cultivating native coastal wetland plants for use in restoration and mitigation activities.Three cells have been constructed and planted with native wetland grasses. MBF is partnering with National Sea Grant colleges on a Gulf-wide EPA funding opportunity to expand our operations. Mid Coast Cold Stunned Turtle ResponseMBF has been permitted by the U.S. Fish and Wildlife Service and Texas Parks and Wildlife Department to assist with the collection and transport of cold-stunned turtles to appropriate rehabilitation centers along the mid-coast. We will continue to assist with turtle stranding response as necessary. Texas Stream Team Citizen Science Water Quality MonitoringMBF is partnered with the Texas Stream Team (TST) at the Texas State University in San Marcos, Texas to provide training to citizens interested in monitoring water quality in coastal streams. MBF staff have been certified by TST and provide training in the use of water quality monitoring techniques and equipment to interested groups. Old Gulf Cut Bird IslandsIn partnership with the USFWS and Audubon Texas, MBF will collect basic information needed to develop a restoration plan for the bird islands as well as enhance the intertidal reef areas surrounding the islands. While currently uncertain, approximately 6 acres of colonial waterbird islands would be restored to support productive nesting efforts by these birds. MBF continues to work with Texas Audubon to select an appropriate site to enhance nesting islands.Inflow Standards for East Matagorda Bay WetlandsThis is an extension of the Big Boggy Hydrology study completed during FY 2021. This effort will expand the study of the hydrology of critical coastal wetlands to a larger coastal wetland area east of the original study area. MBF will be assisting Texas A&M University and Texas General Land Office on field data collection and analysis. The study was expanded to include wetlands adjacent to Lake Austin and Live Oak Bayou. The study will be completed in FY 2024. Stakeholder Opinion SurveyMBF and researchers from the University of Houston Clear Lake developed a methodology to collect stakeholder opinion on various aspects of the biological condition of Matagorda Bay, public access issues, erosion, and habitat loss as part of a strategic planning effort to guide and prioritize MBF conservation activities in the future. Data collection began in FY 2022. We continue to convene regular stakeholder meetings to provide project updates and discuss possible projects. Boggy Bayou ProjectMBF partnered with Texas General Land Office, Texas Department of Transportation Maritime Division, U.S. Army Corps of Engineers, and the Port of Bay City Authority on a project to create 3-miles of wetlands, oyster reef, and an earthen berm to enhance bay productivity while protecting an exposed section of the Gulf Intra Coastal Waterway.Carancahua Community ReefMBF has partnered with a local community and Texas CCA to permit, design, and construct a community oyster reef in Carancahua Bay. Funding was received by the Matagorda Bay Mitigation Trust to initiate the project. Matagorda Bay Bird FestMBF provides support, technical assistance, and provides birding tours of coastal areas of Matagorda Bay during the Bird Fest. Our tours include a half-day birding trip to areas in the Matagorda Bay system only accessible by boat. We assist with grant writing and management to help sustain the project. |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Boat - program use | 60,170 | 11,461 | 48,709 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Program construction repairs and maintenance | 369,190 | 0 | 369,190 | |
| Insurance | 13,295 | 0 | 13,295 | |
| Program equipment and supplies | 4,964 | 0 | 4,964 | |
| Office expenses | 5,000 | 0 | 5,000 | |
| Sponsorship expense | 500 | 0 | 500 | |
| Boat registration | 57 | 0 | 57 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Design, engineering, survey | 20,921 | 0 | 20,921 | |
| Payroll processing fee | 1,138 | 0 | 1,138 |