KERN COMMUNITY FOUNDATION

EIN: 770555874 501(c)(3) Philanthropy & Grantmaking

BAKERSFIELD, CA

Total Revenue
$5,081,433
Total Expenses
$4,300,421
Total Assets
$43,441,433
Net Assets
$37,623,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
AARON FALK
Phone
6613255346
Tax Period
2023-01-01 to 2023-12-31

KERN COMMUNITY FOUNDATION, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $781K, a strong 15% operating margin.

Mission

KERN COMMUNITY FOUNDATION'S MISSION IS GROWING COMMUNITY AND GROWING PHILANTHROPY.

Program Service Accomplishments

Program 1
Expenses: $2,899,061 Revenue: $524,667

KERN COMMUNITY FOUNDATION IS IN BUSINESS TO SERVE AS A CHARITABLE RESOURCE FOR LOCAL DONORS AND CORPORATIONS AND TO GENERATE CAPITAL THAT PROVIDES PHILANTHROPIC SOLUTIONS TO HELP MAKE KERN COUNTY A...

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KERN COMMUNITY FOUNDATION IS IN BUSINESS TO SERVE AS A CHARITABLE RESOURCE FOR LOCAL DONORS AND CORPORATIONS AND TO GENERATE CAPITAL THAT PROVIDES PHILANTHROPIC SOLUTIONS TO HELP MAKE KERN COUNTY A BETTER PLACE TO LIVE, TO WORK AND TO VISIT. THE FOUNDATION IS HOME FOR LOCAL PHILANTHROPISTS, WITH MORE THAN 175 NAMED FUNDS THAT HELP DONORS ORGANIZE AND ACHIEVE MEANINGFUL RESULTS FROM THEIR CHARITABLE GIVING. THE FOUNDATION IS A RESULTS-ORIENTED GRANTMAKER, AWARDING APPROXIMATELY $2,152,328 IN GRANTS IN 2022. THE FOUNDATION IS A TRUSTED COMMUNITY LEADER FOCUSING ON INITIATIVES SUCH AS COLLEGE ACCESS AND NONPROFIT STRENGTHENING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,204,144
Program Service Revenue $524,667
Investment Income $1,352,622
Other Revenue $0
TOTAL REVENUE $5,081,433

Expense Breakdown

Grants Paid $1,497,695
Salaries & Benefits $1,455,789
Fundraising Expenses $350,341
Program Expenses $2,899,061
Other Expenses $1,346,937
TOTAL EXPENSES $4,300,421

Year-over-Year Comparison

2023 2022 Change
Revenue $5,081,433 $11,306,758 -0.6%
Expenses $4,300,421 $4,338,649 0.0%
Net Income $781,012 $6,968,109 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
123
Volunteers
160

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
5
$165,950
Total Directors
12
$165,950
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS SANCHEZ CHAIR 1.00
Officer Director
$0 $0 $0
GLENDA GARCIA VICE CHAIR 1.00
Officer Director
$0 $0 $0
VINCENT ODDO TREASURER 1.00
Officer Director
$0 $0 $0
TANYA ALSHEIKH SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY A GUTIERREZ DIRECTOR 1.00
Director
$0 $0 $0
JOE GREGORY DIRECTOR 1.00
Director
$0 $0 $0
JOHN C HERSHEY III DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN LELAND DIRECTOR 11.00
Director
$0 $0 $0
KRISTEN BEALL WATSON DIRECTOR 1.00
Director
$0 $0 $0
LYDIA CHANEY DIRECTOR 1.00
Director
$0 $0 $0
LAURA WOLFE DIRECTOR 1.00
Director
$0 $0 $0
AARON FALK PRESIDENT/CEO 40.00
Officer Director
$165,950 $0 $165,950
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
2024 No data No data No data No data
2023 $5,081,433 $4,300,421 $43,441,433 $781,012
2022 $11,306,758 $4,338,649 $38,202,880 $6,968,109
2021 $6,488,635 $3,461,622 $39,214,030 $3,027,013
2020 $6,932,492 $4,578,357 $32,465,220 $2,354,135
2019 $7,599,155 $3,371,998 $27,432,024 $4,227,157
2018 $4,152,000 $2,930,449 $21,007,863 $1,221,551
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