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 06/2022, Bakersfield College Foundation generated $9.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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 AND 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, 2022.


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
Susan Hubbell
Accounting Manager
$144,678
Cheryl M Scott
Executive Dir.
$98,115
Marko Zaninovoch
Chairman
$0
Mike Giacomini
Treasurer
$0
Zav Dadabhoy
Board Member
$0
John Pitre
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$107,565
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,884,906
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,992,471
Total Program Service Revenue$1,029,036
Investment income $1,510,389
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$57,816
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,474,080

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Bakersfield College Foundation has recieved totaling $1,427,807.

Awarding OrganizationAmount
Valley Strong Credit Union

Bakersfield, CA

PURPOSE: EXPAND OPPORTUNITIES FOR STUDENTS BY FUNDING SCHOLARSHIPS & ENHANCING COLLEGE FACILITIES.

$593,500
Ravi & Naina Patel Foundation

Bakersfield, CA

PURPOSE: GENERAL SUPPORT

$307,400
Marjorie R Lindsey Charitable Foundation Tr

Pennington, NJ

PURPOSE: GENERAL OPERATING

$184,000
Srinivasa Manohara Foundation

Bakersfield, CA

PURPOSE: TO PROVIDE EXCELLENT LEARNING OPPORTUNITIES IN BASIC SKILLS, CAREER AND TECHNICAL EDUCATION, AND TRANSFER COURSES FOR OUR COMMUNITY

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$65,000
Foundation For California Community Colleges

Sacramento, CA

PURPOSE: OSHER SCHOLARSHIP

$45,933
View Grant Recipient Profile

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