Seedcore Foundation

Organization Overview

Seedcore Foundation is located in Bakersfield, CA. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seedcore 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 12/2023, Seedcore Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $403.9k during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 4 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 2020, Seedcore Foundation has awarded 80 individual grants totaling $809,831. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

KERN INITIATIVE FOR TALENT + ENTREPRENUERSHIP (KITE) - THIS COLLABORATIVE GROUP FOCUSES ON DEVELOPING KERN COUNTY'S ENTREPRENEURIAL ECOSYSTEM. KITE IS A NETWORK OF PROFESSIONALS WHO RECOGNIZE THE IMPORTANCE OF ENTREPRENEURSHIP IN THE KERN COUNTY COMMUNITY. KITE IS HERE TO CREATE A STRONG FOUNDATION FOR ENTREPRENEURS IN KERN COUNTY, SO THAT THEY HAVE THE GUIDANCE AND RESOURCES TO ANSWER QUESTIONS AND SOLVE PROBLEMS AS ENTREPRENUERS ARE STARTING AND GROWING THEIR BUSINESS. KITE IS A PROJECT OF THE SEEDCORE FOUNDATION, A 501(C)(3) NOT-FOR-PROFIT CORPORATION, IN PARTNERSHIP WITH THE KERN ECONOMIC DEVELOPMENT CORPORATION, A PUBLIC-PRIVATE PARTNERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Ingrid Lake
President
$0
John Paul Lake
Treasurer
$0
Danielle Patterson
Director
$87,154
John And Ingrid Lake Family Trust
N/a
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,207,568
Interest on Savings $0
Dividends & Interest $208,551
Net Rental Income$0
Net Gain on Sale of Assets -$36,546
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $3,630
Total Revenue $1,383,203

Grants Awarded

Over the last fiscal year, Seedcore Foundation has awarded $140,041 in support to 21 organizations.

Grant RecipientAmount

APPLE CORE PROJECT INC

PURPOSE: PROJECT SUPPORT - GARDEN EXPANSION

$6,500

CALIFORNIA COMMISSION ON SEXUAL EXPLOITATION

PURPOSE: PROGRAM SUPPORT - EXPAND SERVICES TARGETING YOUTH POPULATIONS

$5,000

FRIENDS OF MERCY FOUNDATION

PURPOSE: CLUB MEMBERSHIP DONATION

$1,000

EMPOWERMENT DESS PERKINS FOUNDATION

PURPOSE: EVENT SPONSORSHIP

$4,700

GREATER BAKERSFIELD LEGAL ASSISTANCE INC

PURPOSE: PROGRAM SUPPORT - KERN COUNTY LONG-TERM CARE OMBUDSMAN PROGRAM

$5,000

HERITAGE ACADEMY

PURPOSE: GENERAL SUPPORT

$1,985
View Grant Profile

Peer Organizations

Organization NameAssets
Jewish Community Foundation Of San Diego
San Diego, CA
$102,928,936
Entertainment Industry Foundation
Los Angeles, CA
$57,772,077
Jewish Federation Council Of Greater Los Angeles
Los Angeles, CA
$49,725,747
United Way Inc
Los Angeles, CA
$49,602,090
United Way Of Monterey County
Salinas, CA
$44,052,409
Orange Countys United Way
Irvine, CA
$35,436,311
Daughters Of Charity Foundation
Los Angeles, CA
$29,318,617
United Way Of The Bay Area
San Francisco, CA
$20,860,247
Aloha United Way Inc
Honolulu, HI
$19,036,532
Lutheran Social Services Of Southern California
Orange, CA
$19,838,870
United Way Of Santa Barbara County Inc
Santa Barbara, CA
$17,013,451
United Way Of The Columbia- Willamette
Portland, OR
$14,216,654
United Way Of Tucson And Southern Arizona Inc
Tucson, AZ
$12,729,583
United Way Of Southern Nevada Inc
Las Vegas, NV
$12,622,253
United Way California Capital Region
Sacramento, CA
$10,345,904
Opportunity Village Foundation
Las Vegas, NV
$19,943,702
United Way Of The Mid-Willamette Valley
Salem, OR
$11,893,624
Neighborhood Funders Group
Berkeley, CA
$13,163,639
Beit Tshuvah
Los Angeles, CA
$8,954,523
Irving I Moskowitz Foundation
Hawaiian Gardens, CA
$9,992,534
Inland Southern California United Way
Riverside, CA
$9,211,404
Jewish Federation Of Greater Long Beach And West Orange County
Long Beach, CA
$6,082,701
Jewish Federation Of Las Vegas
Las Vegas, NV
$7,531,885
Northern California Grantmakers
San Francisco, CA
$7,576,972
San Diego Christian Foundation Inc
San Diego, CA
$6,283,512

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