2024-11-15T16:10:19-06:00 2023-12-31 952972229 DANIELLS PHILLIPS VAUGHAN & BOCK 300 NEW STINE ROAD BAKERSFIELD CA 93309 990 2023-01-01 770555874 KERN COMMUNITY FOUNDATION KERN 6613255346 5701 TRUXTUN AVE SUITE 110 BAKERSFIELD CA 93309 AARON FALK PRESIDENT & CEO 6613255346 2024-11-14 1 0 REANN RICHARDI CPA P01803841 6618347411 2023 2024-10-15 13:58:12Z AARON FALK 5701 TRUXTUN AVE STE 110 BAKERSFIELD CA 93309 8374565 0 X WWW.KERNFOUNDATION.ORG X 1999 CA KERN COMMUNITY FOUNDATION'S MISSION IS GROWING COMMUNITY AND GROWING PHILANTHROPY. 13 13 123 160 0 0 9694639 3204144 523246 524667 1088873 1352622 0 0 11306758 5081433 2508591 1497695 0 0 732816 1455789 0 0 350341 1097242 1346937 4338649 4300421 6968109 781012 38202880 43441433 4432934 5818356 33769946 37623077 KERN COMMUNITY FOUNDATION'S MISSION IS GROWING COMMUNITY AND GROWING PHILANTHROPY. 0 0 2899061 1497695 524667 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. 2899061 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 1 123 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DANETTE RINEHART 6613255346 5701 TRUXTUN AVE STE 110 BAKERSFIELD CA 93309 CARLOS SANCHEZ CHAIR 1.00 X X 0 0 0 GLENDA GARCIA VICE CHAIR 1.00 X X 0 0 0 VINCENT ODDO TREASURER 1.00 X X 0 0 0 TANYA ALSHEIKH SECRETARY 1.00 X X 0 0 0 JEFFREY A GUTIERREZ DIRECTOR 1.00 X 0 0 0 JOE GREGORY DIRECTOR 1.00 X 0 0 0 JOHN C HERSHEY III DIRECTOR 1.00 X 0 0 0 JUSTIN LELAND DIRECTOR 11.00 X 0 0 0 KRISTEN BEALL WATSON DIRECTOR 1.00 X 0 0 0 LYDIA CHANEY DIRECTOR 1.00 X 0 0 0 LAURA WOLFE DIRECTOR 1.00 X 0 0 0 AARON FALK PRESIDENT/CEO 40.00 X X 165950 0 0 165950 0 0 1 0 1 0 0 3204144 3173 3204144 MANAGEMENT FEES 541610 524667 524667 524667 1018643 1018643 3627111 3293132 333979 333979 333979 5081433 524667 0 1352622 1497695 1497695 165951 82975 62232 20744 1118350 559175 419381 139794 68326 34163 25622 8541 103162 51582 38685 12895 545350 272675 204506 68169 2776 1388 1041 347 18099 9050 6787 2262 251165 125583 94186 31396 13982 6991 5243 1748 71154 35578 26682 8894 9674 4837 3628 1209 117326 58663 43997 14666 13000 6500 4875 1625 CONTRACT LABOR 120425 60213 45159 15053 PRINTING AND MARKETING 103253 51627 38719 12907 DUES AND SUBSCRIPTIONS 59591 29796 22346 7449 DEPRECIATION EXPENSE 8518 4259 3194 1065 12624 6311 4736 1577 4300421 2899061 1051019 350341 2745419 10214940 7577558 300278 160205 108243 44622 82380 140431 38673 6992 101758 27776121 32364108 0 161689 38202880 43441433 138207 277360 264276 190000 103333 270000 3927118 5080996 4432934 5818356 X 32819946 31173077 950000 6450000 33769946 37623077 38202880 43441433 781012 3072119 0 X 0 0 0 X 6392286 4795703 4649756 9694639 3204143 28736527 6392286 4795703 4649756 9694639 3204143 28736527 9255 28727272 483663 395291 386127 516994 1018643 2800718 31537245 357498 0.91090 0.92990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 6870540 1138570 51500 93390 7864220 1651461 5500000 -70286 15000 195635 6870540 1432297 277785 25000 33622 1651461 1290136 197633 27500 27971 1432297 1087588 275760 46750 26463 1290136 0.17980 0.82020 0.00000 0 0 140431 38673 101758 101758 AGENCY ACCOUNT 32364108 F 32364108 FUNDS HELD FOR OTHERS 4919307 LEASE LIABILITY 161689 5080996 X PART V, LINE 4: THE ORGANIZATION INTENDS TO USE ITS ENDOWMENT TO FUND VARIOUS SCHOLARSHIPS AND SUPPORT THE BAKERSFIELD SYMPHONY ORCHESTRA. PART X, LINE 2: THE FOUNDATION HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. 1 BAKERSFIELD COLLEGE 1801 PANORAMA DRIVE BAKERSFIELD CA 93305 510151490 501(C)(3) 15500 0 CHARITABLE CALIFORNIA POLYTECHNIC STATE UNIVERSITY SAN LUIS OBISPO CAL POLY FINANCIAL AID OFFICE SAN LUIS OBISPO CA 934070201 204927897 501(C)(3) 19750 0 CHARITABLE CALIFORNIA STATE UNIVERSITY BAKERSFIELD OFFICE OF FINANCIAL AID BAKERSFIELD CA 93311 952643086 501(C)(3) 164400 0 CHARITABLE CALIFORNIA STATE UNIVERSITY FRESNO FINANCIAL AID OFFICE FRESNO CA 93740 946003272 501(C)(3) 11900 0 CHARITABLE CALIFORNIA STATE UNIVERSITY LONG BEACH STUDENT FINANCIAL SERVICES LONG BEACH CA 908400103 330579971 501(C)(3) 12000 0 CHARITABLE CALIFORNIA STATE UNIVERSITY LOS ANGELES FINANCIAL AID OFFICE LOS ANGELES CA 90032 954044252 501(C)(3) 7000 0 CHARITABLE UNIVERSITY OF CALIFORNIA BERKELEY FINANCIAL AID LOCKBOX BERKELEY CA 900744988 946002123 501(C)(3) 36000 0 CHARITABLE UNIVERSITY OF CALIFORNIA DAVIS STUDENT ACCOUNTING DAVIS CA 957989062 946036494 501(C)(3) 11000 0 CHARITABLE UNIVERSITY OF CALIFORNIA LOS ANGELES BOX 957089 1125 MURPHY HALL LOS ANGELES CA 900957089 952250801 501(C)(3) 20000 0 CHARITABLE UNIVERSITY OF CALIFORNIA MERCED FINANCIAL AID AND SCHOLARSHIPS MERCED CA 95343 943250114 501(C)(3) 6000 0 CHARITABLE UNIVERSITY OF CALIFORNIA SAN DIEGO FINANCIAL AID SCHOLARSHIPS OFFICE SAN DIEGO CA 920930013 952872494 501(C)(3) 14000 0 CHARITABLE UNIVERSITY OF CALIFORNIA SANTA BARBARA FINANCIAL AID OFFICE SANTA BARBARA CA 931063180 956006145 501(C)(3) 42500 0 CHARITABLE 40 0 PART I, LINE 2: THE USE OF GRANT FUNDS IS MONITORED BY THE BOARD OF DIRECTORS X 0 0 0 0 0 0 0 0 0 AARON FALK PRESIDENT/CEO 165950 0 0 0 0 0 0 0 0 0 165950 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION PROVIDES ALL NEW DIRECTORS & EMPLOYEES WITH A CONFLICT OF INTEREST FORM. CONTINUING DIRECTORS & EMPLOYEES ARE REQUIRED TO UPDATE THE FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY REVIEW AND APPROVE SALARIES OF PRESIDENT AND CEO AND OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE ON THE KERN COMMUNITY FOUNDATION'S WEBSITE, WWW.KERNFOUNDATION.ORG, VIA THE "ABOUT US" SECTION AT THE "FINANCIAL OVERVIEW" TAB. KERN REAL ESTATE FOUNDATION 5701 TRUXTUN AVE STE 100 BAKERSFIELD CA 93309 462637218 TO BENEFIT AND SUPPORT THE KERN COMMUNITY FOUNDATION CA 501(C)(3) LINE 12A, I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0