California State University Bakersfield Foundation
- Assets
- $60.2m
- Revenue
- $15.0m
- Investments
- $4.7m
- Employees
- 10
- Location
- Bakersfield, CA
- Founding
- 04/1969
- Data as of
- 06/2021
- EIN
- 95-2643086
Organization Overview
California State University Bakersfield Foundation is located in Bakersfield, CA. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, California State University Bakersfield Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California State University Bakersfield 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 06/2021, California State University Bakersfield Foundation generated $15.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR CALIFORNIA STATE UNIVERSITY, BAKERSFIELD IN FULFILLING ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALIFORNIA STATE UNIVERSITY, BAKERSFIELD FOUNDATION PROVIDES ESSENTIAL SERVICES TO THE STUDENTS, FACULTY AND STAFF OF CALIFORNIA STATE UNIVERSITY BAKERSFIELD THAT CANNOT BE PROVIDED THROUGH STATE PROCEDURES. THESE SERVICES INCLUDE SCHOLARSHIPS AND PROGRAM SUPPORT OF THE UNIVERSITY. THERE ARE APPROXIMATELY 11,300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Victor Martin Executive Director/secretary | OfficerTrustee | 2.5 | $0 |
Mr Thom Davis Cfo/treasurer | OfficerTrustee | 2.5 | $0 |
Mr John Nilon Chairman Of The Board | OfficerTrustee | 2.5 | $0 |
Mr Nick Ambrosini Director | Trustee | 2.5 | $0 |
Mr Steve Anderson Director | Trustee | 2.5 | $0 |
Ms Aimee Blaine Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,261 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,603,634 |
| Noncash contributions included in lines 1a–1f | $4,717 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,662,895 |
| Total Program Service Revenue | $179,515 |
| Investment income | $579,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $393 |
| Net Rental Income | $100 |
| Net Gain/Loss on Asset Sales | $4,575,668 |
| Net Income from Fundraising Events | -$13,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,984,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $899,698 |
| Grants and other assistance to domestic individuals. | $1,339,171 |
| Grants and other assistance to Foreign Orgs/Individuals | $42,761 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $463,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $333,701 |
| Payroll taxes | $19,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,878 |
| Fees for services: Accounting | $51,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,750 |
| Fees for services: Other | $76,690 |
| Advertising and promotion | $73,236 |
| Office expenses | $199,082 |
| Information technology | $118,972 |
| Royalties | $0 |
| Occupancy | $3,990 |
| Travel | $20,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,713 |
| Insurance | $11,041 |
| All other expenses | $63,167 |
| Total functional expenses | $4,431,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,461,426 |
| Savings and temporary cash investments | $1,722,400 |
| Pledges and grants receivable | $5,132,425 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $716,386 |
| Investments—publicly traded securities | $39,686,524 |
| Investments—other securities | $4,686,870 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $781,607 |
| Total assets | $60,187,638 |
| Accounts payable and accrued expenses | $122,166 |
| Grants payable | $0 |
| Deferred revenue | $2,203,474 |
| 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 | $1,732,691 |
| Total liabilities | $4,058,331 |
| Net assets without donor restrictions | $10,722,357 |
| Net assets with donor restrictions | $45,406,950 |
| 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 | $60,187,638 |
Grants Awarded
Over the last fiscal year, California State University Bakersfield Foundation has awarded $899,698 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY BAKERSFIELD PURPOSE: PROGRAM SUPPORT | $899,698 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that California State University Bakersfield Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Louis And Sheryl Barbich Foundation Bakersfield, CA PURPOSE: IN SUPPORT OF EDUCATION AT THE UNIVERSITY | $2,500 |
Endowment Analysis
| Beg. Balance | $26,944,055 |
| Earnings | $7,582,303 |
| Admin Expense | $408,472 |
| Net Contributions | $3,076,004 |
| Other Expense | $425,242 |
| Grants | $534,029 |
| Ending Balance | $36,234,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |