Kern Community Foundation
- Assets
- $39.2m
- Revenue
- $6.5m
- Investments
- $28.4m
- Employees
- 12
- Location
- Bakersfield, CA
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 77-0555874
Organization Overview
Kern Community Foundation is located in Bakersfield, CA. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Kern Community Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kern Community 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 12/2021, Kern Community Foundation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kern Community Foundation has awarded 741 individual grants totaling $12,654,535. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KERN COMMUNITY FOUNDATION'S MISSION IS GROWING COMMUNITY AND GROWING PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KERN COMMUNITY FOUNDATION IS IN BUSINESS TO SERVE AS A CHARITABLE RESOURCE FOR LOCAL DONORS AND CORPORATIONS AND TO GENERATE CAPITAL THAT PROVIDES PHILANTHROPIC SOLUTIONS TO HELP MAKE KERN COUNTY A BETTER PLACE TO LIVE, TO WORK AND TO VISIT. THE FOUNDATION IS HOME FOR LOCAL PHILANTHROPISTS, WITH MORE THAN 175 NAMED FUNDS THAT HELP DONORS ORGANIZE AND ACHIEVE MEANINGFUL RESULTS FROM THEIR CHARITABLE GIVING. THE FOUNDATION IS A RESULTS-ORIENTED GRANTMAKER, AWARDING APPROXIMATELY $1,990,931 IN GRANTS IN 2021. THE FOUNDATION IS A TRUSTED COMMUNITY LEADER FOCUSING ON INITIATIVES SUCH AS COLLEGE ACCESS AND NONPROFIT STRENGTHENING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen A Beall Watson President/ceo | OfficerTrustee | 1 | $106,970 |
Jeffrey A Gutierrez Chair | OfficerTrustee | 1 | $0 |
Kevin C Findley Secretary | OfficerTrustee | 1 | $0 |
Carlos Sanchez Treasurer | OfficerTrustee | 1 | $0 |
Susan Hopkins Director | Trustee | 1 | $0 |
Justin Leland Director | Trustee | 1 | $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 | $4,649,756 |
| Noncash contributions included in lines 1a–1f | $155,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,649,756 |
| Total Program Service Revenue | $497,396 |
| Investment income | $386,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $955,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,488,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,978,518 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,970 |
| Compensation of current officers, directors, key employees. | $40,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,027 |
| Pension plan accruals and contributions | $38,942 |
| Other employee benefits | $0 |
| Payroll taxes | $26,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $492,448 |
| Fees for services: Other | $277,296 |
| Advertising and promotion | $0 |
| Office expenses | $23,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,814 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248 |
| Insurance | $10,570 |
| All other expenses | $13,165 |
| Total functional expenses | $3,461,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,607,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,101 |
| Net Land, buildings, and equipment | $2,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,417,636 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,214,030 |
| Accounts payable and accrued expenses | $50,232 |
| Grants payable | $183,347 |
| Deferred revenue | $55,834 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,788,218 |
| Total liabilities | $8,077,631 |
| Net assets without donor restrictions | $30,186,399 |
| Net assets with donor restrictions | $950,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,214,030 |
Grants Awarded
Over the last fiscal year, Kern Community Foundation has awarded $1,738,071 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
Bakersfield, CA PURPOSE: CHARITABLE | $100,487 |
Bakersfield, CA PURPOSE: CHARITABLE | $87,168 |
Quincy, CA PURPOSE: CHARITABLE | $87,074 |
Bakersfield, CA PURPOSE: CHARITABLE | $86,700 |
Bakersfield, CA PURPOSE: CHARITABLE | $69,076 |
Bakersfield, CA PURPOSE: CHARITABLE | $67,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Kern Community Foundation has recieved totaling $212,610.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Kern Connected Community Network | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $16,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,000 |
Seedcore Foundation Bakersfield, CA PURPOSE: SCHOLARSHIP FOR THE COLLEGE SUCCESS PROGRAM | $9,600 |
Louis And Sheryl Barbich Foundation Bakersfield, CA PURPOSE: SUPPORT OF WOMEN AND GIRLS | $1,000 |
Endowment Analysis
| Beg. Balance | $1,432,297 |
| Earnings | $277,785 |
| Admin Expense | $33,622 |
| Grants | $25,000 |
| Ending Balance | $1,651,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |
Mayors Fund For Los Angeles Los Angeles, CA | $12,037,706 | $5,243,106 |
Jewish Community Foundation Of Orange County Irvine, CA | $108,015,348 | $20,165,393 |
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |