California State University Bakersfield Foundation

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 06/2022, California State University Bakersfield Foundation employed 11 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 06/2022, California State University Bakersfield Foundation generated $12.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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 10,600 STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Raji Brar
Chairman Of The Board
$0
Heath Niemeyer
Secretary
$0
Thom Davis
Treasurer
$0
Nick Ambrosini
Director
$0
Steve Anderson
Director
$0
Connie Perez-Andreesen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,883
Fundraising events$69,606
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,187,153
Noncash contributions included in lines 1a–1f $109,008
Total Revenue from Contributions, Gifts, Grants & Similar$11,258,642
Total Program Service Revenue$492,104
Investment income $826,349
Tax Exempt Bond Proceeds $0
Royalties $83
Net Rental Income $1,525
Net Gain/Loss on Asset Sales $143,967
Net Income from Fundraising Events -$30,790
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,691,880

Grants Awarded

Over the last fiscal year, California State University Bakersfield Foundation has awarded $899,698 in support to 2 organizations.

Grant RecipientAmount

CALIFORNIA STATE UNIVERSITY BAKERSFIELD

PURPOSE: PROGRAM SUPPORT

$899,698
View Grant Profile

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