Overview
What is California State University Bakersfield Foundation?
The California State University Bakersfield Foundation is a nonprofit organization based in Bakersfield, California, with an address at 9001 Stockdale Highway. Its primary goal is to support California State University, Bakersfield by advocating on its behalf, raising funds for university programs and activities, and managing the foundation's finances and the university endowment. With approximately 10,600 students, the foundation offers essential services that cannot be provided through standard procedures, including scholarships and program support. The foundation is essential in helping the university fulfill its mission and currently employs around 11 individuals.
Official website here: www.csub.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The California State University Bakersfield Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting exemplary performance in accountability and finance. The foundation's score stems from a thorough evaluation of its practices, which indicate a strong commitment to transparency and responsible financial management.
Key strengths include having a majority-independent board and a robust financial oversight structure, with no reported material diversion of assets. The foundation has excelled in fiscal management, as demonstrated by high ratios in program expenses and fundraising efficiency, ensuring that a significant portion of funds directly supports its mission.
While the foundation has shown outstanding performance metrics, it's essential for potential supporters and stakeholders to continue monitoring its operations and outcomes to ensure continued alignment with best practices in nonprofit governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is California State University Bakersfield Foundation legitimate?
California State University Bakersfield Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California State University Bakersfield 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $819,111
For more financial information, click here
Official website here: www.csub.edu
What is the mission statement of California State University Bakersfield Foundation?
The California State University Bakersfield Foundation plays a crucial role in supporting California State University, Bakersfield, in achieving its mission. The foundation advocates for the university, raises funds for its programs and activities, and manages its finances and endowment. By doing so, it provides essential services that cannot be provided through state procedures. These services include scholarships and program support, benefiting the students, faculty, and staff of the university. The foundation's efforts enable the university to enhance the educational experience for approximately 10,600 students.
Official website here: www.csub.edu
What is the revenue of California State University Bakersfield Foundation?
California State University Bakersfield Foundation's revenue in 2024 was $6,741,769.
Official website here: www.csub.edu
Who are the executives of California State University Bakersfield Foundation and what are their salaries?
The average compensation at California State University Bakersfield Foundation during 2024 was $117,016. There are 7 employees at California State University Bakersfield Foundation.
Here are 26 key members and their salaries:
- Compensation: $11,124
- Related: $458,021
- Other: $153,306
- Compensation: $6,196
- Related: $285,516
- Other: $68,432
- Compensation: $0
- Related: $219,510
- Other: $75,573
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- Related: $307,386
- Other: $125,516
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- Related: $86,550
- Other: $35,708
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- Compensation: $0
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- Other: $0
Official website here: www.csub.edu
Where can I find the form 990 for California State University Bakersfield Foundation?
California State University Bakersfield Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.csub.edu
Learn more at the official website: www.csub.edu
Mission Statement of California State University Bakersfield Foundation
The California State University Bakersfield Foundation serves a vital role in championing California State University, Bakersfield's (CSU Bakersfield) objectives. By advocating for the university, raising funds for its programs and activities, and managing the finances of the foundation and university endowment, the foundation ensures the institution can thrive and provide an optimal learning environment for its approximately 10,600 students.
In essence, the California State University Bakersfield Foundation bridges the gap between state procedures and the essential needs of the students, faculty, and staff at CSU Bakersfield. Through its scholarship and program support, the foundation enables the university to offer opportunities that may not be otherwise available, contributing significantly to its mission. With a strong commitment to CSU Bakersfield, the foundation plays a pivotal part in fostering the university's growth and success.
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Impact
October, 2024
The California State University Bakersfield Foundation plays a pivotal role in enhancing the educational experience at California State University, Bakersfield. By providing essential services that supplement state provisions, the Foundation helps to ensure that students, faculty, and staff have the resources they need to thrive.
With approximately 10,600 students, the Foundation offers critical financial support through scholarships, making higher education more accessible. This support extends to various university programs, fostering an enriching academic environment and promoting student success.
In addition, the Foundation actively advocates for the university, helping to amplify its mission in the community and beyond. Through targeted fundraising efforts, it generates crucial funding for university activities, enabling the institution to pursue initiatives that may not be possible otherwise. Moreover, the Foundation manages the finances of both its own resources and the university endowment, ensuring sustainable financial health for ongoing and future programs.
Overall, the Foundation significantly contributes to the academic landscape in Bakersfield, empowering students and supporting various initiatives that enhance educational opportunities.
This information is meant to be a general summary of California State University Bakersfield 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 2024.
- Investment Income: $1,191,924
- Program Service Revenue: $768,588
- Gross Receipts: $22,001,197
Assets and Liabilities:
- Total Assets: $54,926,686
- Total Liabilities: $2,172,628
- Net Assets: $52,754,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$768,588
Organization Details
Founding Year
1969
Principal Officer
Heath Niemeyer
Website
www.csub.eduNTEE Category
Code: B110 - Education
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