Kern Energy Foundation
- Assets
- $73.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-2747194
Organization Overview
Kern Energy Foundation is located in Bakersfield, CA. The organization was established in 2015. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kern Energy Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Kern Energy Foundation generated $102.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $80.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE KERN ENERGY FESTIVAL WAS CREATED TO HIGHLIGHT THE MANY POSITIVE ASPECTS OF KERN COUNTY'S ENERGY INDUSTRY. STRICT REGULATIONS HANDED DOWN FROM STATE GOVERNMENT AND RISING COSTS HAVE CAUSED THE DISAPPEARANCE OF LOCAL JOBS, CREATING MORE CHALLENGES FOR THE ENERGY SECTOR. WHEN INDUSTRY LEADERS SAT DOWN TOGETHER, THEY REALIZED THAT THE KEY TO BRINGING BACK THE STRENGTH OF OUR COMMUNITY LAY IN SPREADING THE WORD ABOUT THE ECONOMIC CONTRIBUTION OF ENERGY. INDUSTRIES LIKE PETROLEUM, SOLAR, AND WIND ALL CALL KERN COUNTY HOME, EMPLOYING THOUSANDS OF LOCAL RESIDENTS AND POWERING OUR HOMES AND CARS. THE IDEA FOR THE FESTIVAL WAS BORN FROM A DESIRE TO EDUCATE THE COMMUNITY ON LOCAL ENERGY PRODUCTION IN A CELEBRATION WITH FOOD AND DRINKS, FUN ACTIVITIES, AND EXHIBITS FOR ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Hathaway Dir./pres. | 1 | $0 | |
Ryan Nielsen Treasurer/dir. | 1 | $0 | |
Willie Rivera Dir./v.p. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $311 |
| Total Revenue | $102,611 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,275 |
| Occupancy, rent, utilities, and maintenance | $15,379 |
| Printing, publications, postage, and shipping | $9,285 |
| Other expenses | $50,423 |
| Total expenses | $80,362 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,855 |
| Other assets | $0 |
| Total assets | $73,855 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,855 |
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