California State University Bakersfield Foundation

Organization Overview

California State University Bakersfield Foundation is located in Bakersfield, CA. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, California State University Bakersfield Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California State University Bakersfield Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, California State University Bakersfield Foundation generated $15.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SUPPORT FOR CALIFORNIA STATE UNIVERSITY, BAKERSFIELD IN FULFILLING ITS MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CALIFORNIA STATE UNIVERSITY, BAKERSFIELD FOUNDATION PROVIDES ESSENTIAL SERVICES TO THE STUDENTS, FACULTY AND STAFF OF CALIFORNIA STATE UNIVERSITY BAKERSFIELD THAT CANNOT BE PROVIDED THROUGH STATE PROCEDURES. THESE SERVICES INCLUDE SCHOLARSHIPS AND PROGRAM SUPPORT OF THE UNIVERSITY. THERE ARE APPROXIMATELY 11,300 STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Victor Martin
Executive Director/secretary
$0
Mr Thom Davis
Cfo/treasurer
$0
Mr John Nilon
Chairman Of The Board
$0
Mr Nick Ambrosini
Director
$0
Mr Steve Anderson
Director
$0
Ms Aimee Blaine
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$59,261
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,603,634
Noncash contributions included in lines 1a–1f $4,717
Total Revenue from Contributions, Gifts, Grants & Similar$9,662,895
Total Program Service Revenue$179,515
Investment income $579,103
Tax Exempt Bond Proceeds $0
Royalties $393
Net Rental Income $100
Net Gain/Loss on Asset Sales $4,575,668
Net Income from Fundraising Events -$13,133
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,984,541

Grants Awarded

Over the last fiscal year, California State University Bakersfield Foundation has awarded $899,698 in support to 2 organizations.

Grant RecipientAmount

CALIFORNIA STATE UNIVERSITY BAKERSFIELD

PURPOSE: PROGRAM SUPPORT

$899,698
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that California State University Bakersfield Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
Louis And Sheryl Barbich Foundation

Bakersfield, CA

PURPOSE: IN SUPPORT OF EDUCATION AT THE UNIVERSITY

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,944,055
Earnings$7,582,303
Admin Expense$408,472
Net Contributions$3,076,004
Other Expense$425,242
Grants$534,029
Ending Balance$36,234,619

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