Bakersfield College Foundation

Organization Overview

Bakersfield College Foundation is located in Bakersfield, CA. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bakersfield College 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 06/2023, Bakersfield College Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE BAKERSFIELD COLLEGE FOUNDATION MANAGES FUNDS FOR MORE THAN 400 ORGANIZATIONS, INDIVIDUALS, AND ENDOWMENTS FOR THE PURPOSE OF SCHOLARSHIPS AN FOR OTHER OBJECTIVES NOTED IN THE FOUNDATION BY LAWS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTED SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS ATTENDING BAKERSFIELD COLLEGE FOR THE FISCAL YEAR ENDED JUNE 30, 2023.


ADMINISTRATION OF SCHOLARSHIP FUNDS AND PROGRAM COSTS FOR THE ADVANCEMENT OF THE FOUNDATION TOWARDS ITS GOALS


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Bell
Board Member
$0
Marko Zaninovoch
Past Chair
$0
Mike Giacomini
Treasurer
$0
Megan Person
Board Member
$0
Frank Wooldridge
Board Member
$0
Zav Dadabhoy
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,807,058
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,807,058
Total Program Service Revenue$1,478,532
Investment income $818,263
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,103,853

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