Kern Community Foundation
- Assets
- $38.2m
- Revenue
- $11.3m
- Investments
- $27.8m
- Employees
- 39
- Location
- Bakersfield, CA
- Founding
- 10/2001
- Data as of
- 12/2022
- 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 12/2022, Kern Community Foundation employed 39 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 12/2022, Kern Community Foundation generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 8 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 808 individual grants totaling $14,745,420. 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
2022
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 $2,152,328 IN GRANTS IN 2022. THE FOUNDATION IS A TRUSTED COMMUNITY LEADER FOCUSING ON INITIATIVES SUCH AS COLLEGE ACCESS AND NONPROFIT STRENGTHENING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey A Gutierrez Chair | OfficerTrustee | 1 | $0 |
Carlos Sanchez Vice Chairer | OfficerTrustee | 1 | $0 |
Martha Terrazas Treasuer | OfficerTrustee | 1 | $0 |
Kristen A Beall Watson Director | Trustee | 1 | $0 |
Susan Hopkins Director | Trustee | 1 | $0 |
John C Hershey III 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 | $9,694,639 |
| Noncash contributions included in lines 1a–1f | $1,087 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,694,639 |
| Total Program Service Revenue | $523,246 |
| Investment income | $516,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $571,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,306,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,508,591 |
| 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. | $147,672 |
| Compensation of current officers, directors, key employees. | $55,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $487,082 |
| Pension plan accruals and contributions | $49,397 |
| Other employee benefits | $0 |
| Payroll taxes | $48,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $547,926 |
| Fees for services: Other | $63,101 |
| Advertising and promotion | $0 |
| Office expenses | $9,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,105 |
| Travel | $3,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330 |
| Insurance | $7,677 |
| All other expenses | $22,170 |
| Total functional expenses | $4,338,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,214,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,205 |
| 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 | $44,622 |
| Net Land, buildings, and equipment | $6,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,776,121 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,202,880 |
| Accounts payable and accrued expenses | $70,083 |
| Grants payable | $264,276 |
| Deferred revenue | $103,333 |
| 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 | $3,995,242 |
| Total liabilities | $4,432,934 |
| Net assets without donor restrictions | $32,819,946 |
| 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 | $38,202,880 |
Grants Awarded
Over the last fiscal year, Kern Community Foundation has awarded $2,090,885 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
746 SPORTS FOUNDATION PURPOSE: CHARITABLE | $10,000 |
ALPHA TAU OMEGA FOUNDATION PURPOSE: CHARITABLE | $7,000 |
AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY FRESNO PURPOSE: CHARITABLE | $325,600 |
AMERICAN HEART ASSOCIATION INC PURPOSE: CHARITABLE | $6,000 |
AMERICA'S CHARITIES PURPOSE: CHARITABLE | $27,400 |
ASSOCIATED STUDENTS CALIFORNIA STATE UNIVERSITY BAKERSFIELD INC PURPOSE: CHARITABLE | $15,000 |