Buck Owens Private Foundation Inc
- Assets
- $6.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 05/2009
- Data as of
- 09/2023
- EIN
- 26-2816002
Organization Overview
Buck Owens Private Foundation Inc is located in Bakersfield, CA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buck Owens Private Foundation Inc 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 09/2023, Buck Owens Private Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $3.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Owens President | 8 | $0 | |
Mel Owens Jr Secretary | 14 | $0 | |
Peter C Brown Director | 1 | $0 | |
Bernard Lebeau Jr Director | 1 | $0 | |
Jim Shaw Director | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steven Davis | 9/29/16 | $54,300 |
California Cleanin | 9/29/16 | $56,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,611 |
| Net Rental Income | -$332,477 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,757,121 |
| Other Income | $317,342 |
| Total Revenue | $2,151,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,302,388 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $136,998 |
| Depreciation | $102,963 |
| Occupancy | $14,400 |
| Travel, conferences, and meetings | $306 |
| Printing and publications | $0 |
| Other expenses | $1,516,702 |
| Total operating and administrative expenses | $3,126,282 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,126,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,834 |
| Savings and temporary cash investments | $1,040,055 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $630 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,555,610 |
| Other assets | $1,404,865 |
| Total assets | $6,511,994 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $69,278 |
| Total liabilities | $69,278 |