Overview
What is Kern Community Foundation?
Kern Community Foundation serves as a charitable resource for local donors and corporations in Bakersfield, California. With over 175 named funds, the foundation assists donors in organizing and achieving meaningful results from their charitable giving. Acting as a results-oriented grantmaker, Kern Community Foundation awarded approximately $2.15 million in grants in 2022. The foundation is committed to enhancing Kern County as a desirable place to live, work, and visit, focusing on initiatives such as college access and nonprofit strengthening. As a local philanthropy hub, Kern Community Foundation aims to grow both the community and philanthropy.
Official website here: www.kernfoundation.org
What are the reviews and ratings of this charity?
Kern Community Foundation has achieved a perfect score of 100% on Charity Navigator, earning it a prestigious Four-Star out of Four Star rating. This score reflects exceptional performance in Accountability & Finance, demonstrating the organization’s commitment to transparency and responsible management. A well-maintained structure with a fully independent board supports its operations, ensuring that governance and oversight remain uncompromised.
The foundation excels in financial management, with top scores allocated for key attributes such as independent board size, audit oversight, and a comprehensive set of policies covering conflict of interest, whistleblower protection, and document retention. It further boasts strong financial health indicators, including a liabilities to assets ratio of 11.60% and a fundraising efficiency ratio of $0.022, which together illustrate sustained fiscal prudence.
However, Kern Community Foundation currently does not have ratings in areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability on Charity Navigator. While its financial stewardship is commendable, potential stakeholders might desire more insight into its longer-term community impact and operational adaptability, which are areas awaiting further evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Kern Community Foundation legitimate?
Kern Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kern Community 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: $147,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $487,082
For more financial information, click here
Official website here: www.kernfoundation.org
What is the mission statement of Kern Community Foundation?
The Kern Community Foundation's mission is centered around fostering community growth and encouraging philanthropy. Acting as a charitable resource for local donors and corporations, the foundation aims to generate capital that provides philanthropic solutions to improve the livability of the area. It serves as a home for local philanthropists, managing over 175 named funds to help donors achieve meaningful results from their charitable giving. The foundation is a results-oriented grantmaker, awarding approximately $2,152,328 in grants in 2022. As a trusted community leader, it focuses on initiatives such as college access and nonprofit strengthening.
Official website here: www.kernfoundation.org
Who is the CEO of Kern Community Foundation?
Aaron Falk is the Chair of Kern Community Foundation. The CEO's salary of Kern Community Foundation is $147,671 and their total compensation is $147,671.
Official website here: www.kernfoundation.org
What is the revenue of Kern Community Foundation?
Kern Community Foundation's revenue in 2022 was $11,306,758.
Official website here: www.kernfoundation.org
Who are the executives of Kern Community Foundation and what are their salaries?
The average compensation at Kern Community Foundation during 2022 was $16,276. There are 39 employees and 150 volunteers at Kern Community Foundation.
Here are 13 key members and their salaries (Kern Community Foundation's CEO's salary is $147,671 and their total compensation is $147,671):
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Official website here: www.kernfoundation.org
Where can I find the form 990 for Kern Community Foundation?
Kern Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kernfoundation.org
Learn more at the official website: www.kernfoundation.org
Mission Statement of Kern Community Foundation
Kern Community Foundation, a charitable resource in its own right, is dedicated to fostering both community growth and the cultivation of philanthropy. Its mission is multifaceted, aiming to serve as a hub for local donors and corporations, while also generating capital that can be utilized to provide philanthropic solutions. By doing so, Kern Community Foundation aims to contribute to making Kern County a more appealing place to live, work, and visit.
The foundation is more than just a grant-making entity; it serves as a home for local philanthropists. With over 175 named funds under its wing, Kern Community Foundation aids donors in organizing and achieving meaningful results from their charitable giving. The foundation's grantmaking approach is results-oriented, with an impressive disbursement of approximately $2,152,328 in grants in 2022 alone.
In essence, Kern Community Foundation seeks to bridge the gap between community needs and philanthropic resources, ultimately striving to enhance the quality of life in Kern County. Its initiatives, such as college access and nonprofit strengthening, reflect its commitment to fostering a vibrant and thriving community.
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Impact
July, 2024
Kern Community Foundation is making a significant impact in Kern County by serving as a charitable resource for local donors and corporations. With over 175 named funds, the foundation helps donors organize and achieve meaningful results from their charitable giving. In 2022 alone, Kern Community Foundation awarded approximately $2,152,328 in grants, demonstrating its commitment to making a positive difference in the community. As a trusted community leader, the foundation focuses on initiatives such as college access and strengthening Kern County, contributing to making the region a better place to live, work, and visit.
This information is meant to be a general summary of Kern Community 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 2022.
- Investment Income: $1,088,873
- Program Service Revenue: $523,246
- Gross Receipts: $14,983,654
Assets and Liabilities:
- Total Assets: $38,202,880
- Total Liabilities: $4,432,934
- Net Assets: $33,769,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$523,246
Organization Details
Founding Year
1999
Phone
(661) 325-5346Principal Officer
Aaron Falk
Main Address
5701 TRUXTUN AVE SUITE 110, BAKERSFIELD, CA, 93309
Website
www.kernfoundation.orgNTEE Category
Code: T31 - Philanthropy
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