Overview
What is Bakersfield College Foundation?
The Bakersfield College Foundation is a nonprofit organization situated in Bakersfield, California, with an address at 1801 Panorama Drive, CA 93305. Its primary mission involves managing funds for over 400 organizations, individuals, and endowments, primarily for providing scholarships to students attending Bakersfield College. Beyond scholarships, the foundation also supports various other objectives as outlined in its by-laws. In the fiscal year ending June 30, 2023, the foundation distributed scholarships and financial assistance to these students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
The Bakersfield College Foundation has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in accountability and financial management. The organization scored 82 in Accountability & Finance, indicating a strong commitment to transparency and responsible stewardship of resources. Key strengths include a fully independent board and high scores for policies regarding conflicts of interest and whistleblowing, showcasing dedication to governance best practices.
While the Foundation demonstrates commendable financial metrics, such as a low liabilities to assets ratio and a high program expense ratio, the Culture & Community score of 73 suggests there is room for improvement in engagement and outreach efforts. This score highlights potential challenges in effectively connecting with the community it serves, which is essential for fostering long-term support and relationships.
Overall, the Bakersfield College Foundation exhibits strong financial health and governance, but may benefit from enhancing its community impact strategies. Continued focus on these areas could help elevate its effectiveness and strengthen its mission in supporting the college and its students.
This AI summary has been generated from information found on Charity Navigator.
Is Bakersfield College Foundation legitimate?
Bakersfield College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bakersfield College Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $1,131,347
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What is the mission statement of Bakersfield College Foundation?
The Bakersfield College Foundation manages funds for over 400 organizations, individuals, and endowments with the primary objective of providing scholarships and financial assistance. This is outlined in the foundation's bylaws. The foundation's activities extend beyond scholarships, encompassing various objectives as specified in its bylaws. During the fiscal year ending June 30, 2023, the foundation distributed scholarships and financial aid to students attending Bakersfield College.
Who is the CEO of Bakersfield College Foundation?
Cheryl M Scott is the Board Member of Bakersfield College Foundation.
What is the revenue of Bakersfield College Foundation?
Bakersfield College Foundation's revenue in 2023 was $5,103,853.
Who are the executives of Bakersfield College Foundation and what are their salaries?
Here are 27 key members and their salaries:
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Where can I find the form 990 for Bakersfield College Foundation?
Bakersfield College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bakersfield College Foundation
The Bakersfield College Foundation is responsible for managing funds for over 400 organizations, individuals, and endowments. Its primary objective is to distribute scholarships and financial assistance to students attending Bakersfield College. The foundation's mission is multifaceted, extending beyond scholarships to include supporting various objectives as outlined in its bylaws. The Bakersfield College Foundation plays a crucial role in providing financial aid to deserving students, contributing to their educational journey and future prospects.
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Impact
July, 2024
The impact of the Bakersfield College Foundation is significant as it manages funds for over 400 organizations, individuals, and endowments to provide scholarships and financial assistance to students attending Bakersfield College. This support helps students achieve their educational goals and access higher education opportunities. By distributing scholarships and financial aid, the foundation plays a crucial role in promoting access to education and empowering students to succeed.
This information is meant to be a general summary of Bakersfield College Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $818,263
- Program Service Revenue: $1,478,532
- Gross Receipts: $5,103,853
Assets and Liabilities:
- Total Assets: $59,185,594
- Total Liabilities: $692,447
- Net Assets: $58,493,147
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$1,478,532
Organization Details
Founding Year
1975
Phone
(661) 395-4492Principal Officer
Cheryl M Scott
Main Address
1801 PANORAMA DRIVE, BAKERSFIELD, CA, 93305
NTEE Category
Code: B110 - Education
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