Bakersfield Art Foundation Inc DBA Bakersfield Museum of Art

EIN: 770125694 501(c)(3) Arts, Culture & Humanities

Bakersfield, CA

Total Revenue
$1,385,570
Total Expenses
$1,352,363
Total Assets
$2,741,667
Net Assets
$2,546,781
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CA
Principal Officer
Lynn Krausse
Phone
6613237219
Tax Period
2024-06-01 to 2025-05-31

Bakersfield Art Foundation Inc DBA Bakersfield Museum of Art, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

The Bakersfield Museum of Art inspires and engages diverse audiences by providing a broad spectrum of creative visual arts experiences through the exhibition and preservation of fine art, educational programs, community outreach and special events.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $707,143
Program Service Revenue $609,087
Investment Income $50,713
Other Revenue $18,627
TOTAL REVENUE $1,385,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $828,378
Fundraising Expenses $183,652
Program Expenses $529,455
Other Expenses $523,985
TOTAL EXPENSES $1,352,363

Year-over-Year Comparison

2024 2023 Change
Revenue $1,385,570 $1,108,526 +0.2%
Expenses $1,352,363 $1,185,620 +0.1%
Net Income $33,207 $-77,094 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
23
Volunteers
67

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$115,003
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amy Smith Exec Dir/CEO 40.00
Officer
$115,003 $0 $115,003
Lynn Krausse Treasurer/CFO 1.50
Officer Director
$0 $0 $0
Laura Cattani Chair 1.50
Officer Director
$0 $0 $0
Daniel Cater Chair-Elect 1.50
Officer Director
$0 $0 $0
Julie Riegel Secretary 1.50
Officer Director
$0 $0 $0
Jessica Grimes Trustee 0.50
Director
$0 $0 $0
William Palmer Trustee 1.50
Director
$0 $0 $0
Donna Balch At Large 1.50
Officer Director
$0 $0 $0
Kathy Hair At Large 1.50
Officer Director
$0 $0 $0
Aida Molina At Large 1.50
Officer Director
$0 $0 $0
Fran Gunner Trustee 0.50
Director
$0 $0 $0
Felix Adamo Trustee 0.50
Director
$0 $0 $0
Glenda Garcia Trustee 0.50
Director
$0 $0 $0
Christopher Lowe Trustee 0.50
Director
$0 $0 $0
Jan Thomson Trustee 0.50
Director
$0 $0 $0
Ariel Dyer Trustee 0.50
Director
$0 $0 $0
Shirley Gordon Trustee 0.50
Director
$0 $0 $0
Theresa Lafrati Trustee 0.50
Director
$0 $0 $0
Douglas Carothers At Large 1.50
Officer Director
$0 $0 $0
Laurie Maclin Trustee 0.50
Director
$0 $0 $0
Sharon Wegis Trustee 0.50
Director
$0 $0 $0
David Coffey Trustee 0.50
Director
$0 $0 $0
Debbie Lewis Trustee 0.50
Director
$0 $0 $0
Emilly Waite Trustee 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,385,570 $1,352,363 $2,741,667 $33,207
2024 $1,108,526 $1,185,620 $2,689,259 $-77,094
2023 $1,027,337 $1,133,943 $2,702,579 $-106,606
2022 $1,099,730 $871,905 $2,818,848 $227,825
2021 $718,279 $815,806 $3,098,042 $-97,527
2020 $886,609 $937,898 $3,078,736 $-51,289
2019 $833,008 $846,056 $3,002,105 $-13,048
2018 $946,130 $951,142 $3,030,249 $-5,012
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