Civic Intelligence

Bakersfield College Foundation

EIN 51-0151490 • 501(c)3 • Bakersfield, CA

Profile

The bakersfield college foundation manages funds for more than 400 organizations, individuals, and endowments for the purpose of scholarships an for other objectives noted in the foundation by laws.

1801 Panorama DriveBakersfield, CA 93305

www.bakersfieldcollege.edu/foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.13x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

37th percentile

0.6%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

14th percentile

$156,696

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-18%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$65,515,829

Up $6,330,235 (+11%) from 2023

Liabilities

Down

$534,664

Down $157,783 (-23%) from 2023

Net Assets

Up

$64,981,165

Up $6,488,018 (+11%) from 2023

Operations
Liabilities / Revenue24th percentileNet Margin37th percentile

Revenue

Down

$4,195,767

Down $908,086 (-18%) from 2023

Expenses

Down

$4,171,616

Down $2,204,248 (-35%) from 2023

Net Income

Up

$24,151

Up $1,296,162 (+102%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $15,610,136Liabilities 2011: $31,906Net Assets 2011: $15,578,2302011Assets 2012: $14,712,075Liabilities 2012: $140,078Net Assets 2012: $14,571,9972012Assets 2013: $18,350,056Liabilities 2013: $216,962Net Assets 2013: $18,133,0942013Assets 2014: $24,756,611Liabilities 2014: $261,855Net Assets 2014: $24,494,7562014Assets 2015: $30,898,160Liabilities 2015: $249,749Net Assets 2015: $30,648,4112015Assets 2016: $36,098,173Liabilities 2016: $827,966Net Assets 2016: $35,270,2072016Assets 2017: $39,279,206Liabilities 2017: $700,636Net Assets 2017: $38,578,5702017Assets 2018: $40,903,084Liabilities 2018: $396,541Net Assets 2018: $40,506,5432018Assets 2019: $42,430,737Liabilities 2019: $321,505Net Assets 2019: $42,109,2322019Assets 2020: $45,851,212Liabilities 2020: $414,540Net Assets 2020: $45,436,6722020Assets 2021: $57,549,520Liabilities 2021: $339,377Net Assets 2021: $57,210,1432021Assets 2022: $55,855,137Liabilities 2022: $633,146Net Assets 2022: $55,221,9912022Assets 2023: $59,185,594Liabilities 2023: $692,447Net Assets 2023: $58,493,1472023Assets 2024: $65,515,829Liabilities 2024: $534,664Net Assets 2024: $64,981,1652024

Highlighted filing

2024

Assets$65,515,829
Liabilities$534,664
Net Assets$64,981,165
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $2,174,878Expenses 2011: $2,735,644Net Income 2011: -$560,7662011Revenue 2012: $1,627,827Expenses 2012: $2,615,770Net Income 2012: -$987,9432012Revenue 2013: $4,036,191Expenses 2013: $2,541,355Net Income 2013: $1,494,8362013Revenue 2014: $8,680,971Expenses 2014: $2,383,897Net Income 2014: $6,297,0742014Revenue 2015: $8,709,407Expenses 2015: $2,529,932Net Income 2015: $6,179,4752015Revenue 2016: $9,673,810Expenses 2016: $3,572,663Net Income 2016: $6,101,1472016Revenue 2017: $6,131,440Expenses 2017: $2,865,666Net Income 2017: $3,265,7742017Revenue 2018: $5,267,331Expenses 2018: $3,339,358Net Income 2018: $1,927,9732018Revenue 2019: $5,316,388Expenses 2019: $3,713,699Net Income 2019: $1,602,6892019Revenue 2020: $6,923,688Expenses 2020: $3,596,248Net Income 2020: $3,327,4402020Revenue 2021: $4,941,968Expenses 2021: $2,198,383Net Income 2021: $2,743,5852021Revenue 2022: $9,474,080Expenses 2022: $2,811,671Net Income 2022: $6,662,4092022Revenue 2023: $5,103,853Expenses 2023: $6,375,864Net Income 2023: -$1,272,0112023Revenue 2024: $4,195,767Expenses 2024: $4,171,616Net Income 2024: $24,1512024

Highlighted filing

2024

Revenue$4,195,767
Expenses$4,171,616
Net Income$24,151
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,515,829
Liabilities
$534,664
Net assets
$64,981,165
Revenue
$4,195,767
Expenses
$4,171,616
Net income
$24,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$65.5$0.53$65.0$4.20$4.17$0.02
2023Detailed filing. Detailed filing data is available for this year.$59.2$0.69$58.5$5.10$6.38$1.27
2022Detailed filing. Detailed filing data is available for this year.$55.9$0.63$55.2$9.47$2.81$6.66
2021Detailed filing. Detailed filing data is available for this year.$57.5$0.34$57.2$4.94$2.20$2.74
2020Detailed filing. Detailed filing data is available for this year.$45.9$0.41$45.4$6.92$3.60$3.33
2019Detailed filing. Detailed filing data is available for this year.$42.4$0.32$42.1$5.32$3.71$1.60
2018Summary only. Only limited summary data is available for this year.$40.9$0.40$40.5$5.27$3.34$1.93
2017Detailed filing. Detailed filing data is available for this year.$39.3$0.70$38.6$6.13$2.87$3.27
2016Detailed filing. Detailed filing data is available for this year.$36.1$0.83$35.3$9.67$3.57$6.10
2015Detailed filing. Detailed filing data is available for this year.$30.9$0.25$30.6$8.71$2.53$6.18
2014Detailed filing. Detailed filing data is available for this year.$24.8$0.26$24.5$8.68$2.38$6.30
2013Summary only. Only limited summary data is available for this year.$18.4$0.22$18.1$4.04$2.54$1.49
2012Summary only. Only limited summary data is available for this year.$14.7$0.14$14.6$1.63$2.62$0.99
2011Summary only. Only limited summary data is available for this year.$15.6$0.03$15.6$2.17$2.74$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$4,195,767
Mission and Program Overview

Mission

The Bakersfield College Foundation manages funds for more than 400 organizations, individuals, and endowments for the purpose of scholarships and for other objectives noted in the Foundation by laws

The bakersfield college foundation manages funds for more than 400 organizations, individuals, and endowments for the purpose of scholarships an for other objectives noted in the foundation by laws.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$55,876,161$62,561,499▲ $6,685,338
Cash and Non-Interest-Bearing Accounts$1,635,322$1,770,053▲ $134,731
Investments Program Related$615,251$660,251▲ $45,000
Accounts Receivable$1,012,750$500,000▼ $512,750
Prepaid Expenses and Deferred Charges$46,110$24,026▼ $22,084
Total Assets$59,185,594$65,515,829▲ $6,330,235
Liabilities
Accounts Payable and Accrued Expenses$668,473$534,664▼ $133,809
Other Liabilities$23,974--
Total Liabilities$692,447$534,664▼ $157,783
Net Assets / Fund Balance
Net Assets With Donor Restrictions$56,975,939$63,305,706▲ $6,329,767
Net Assets Without Donor Restrictions$1,517,208$1,675,459▲ $158,251
Total Net Assets Fund Balance$58,493,147$64,981,165▲ $6,488,018
Total Liabilities and Net Assets / Fund Balance$59,185,594$65,515,829▲ $6,330,235
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Derek YurosekChairman
Marko ZaninovochPast Chair
Paul PavletichVice Chairma
Amy ThelenBoard Member
Ariana JovenBoard Member
Connie Perez-andreesenBoard Member
Frank WooldridgeBoard Member
Jeff BellBoard Member
John PitreBoard Member
Karen ThompsonBoard Member
Karen ZuberBoard Member
Kay MeekBoard Member
Ken ByrumBoard Member
Lauren SkidmoreBoard Member
MICHAEL O'DOHERTYBoard Member
Megan PersonBoard Member
Norma Rojas-moraBoard Member
Pawan GillBoard Member
Rick KreiserBoard Member
Ryan HansenBoard Member
Sarabjeet SinghBoard Member
Zav DadabhoyBoard Member
Nick StrobelAcadmc Sen P
Cheryl M ScottExecutive Di
Mike GiacominiTreasurer
Billie Jo RiceVP Stdnt Aff
Revenue and Support

Revenue Composition

Contributions and Grants
$3,332,133
Program Service Revenue
$265,384
Investment Income
$598,250
Other Revenue
$0
All Other Contributions
$3,332,133
Change in Net Assets
$24,151

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,195,767
Total Revenue per Audited Statements
$4,195,767
Total Revenue per Form 990
$4,195,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,954,505
Salaries, Compensation, and Employee Benefits$1,290,723
Grants and Similar Amounts Paid$926,388
Total Fundraising Expense$80,448
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$495,495$795,228-$1,290,723
Grants to Domestic Individuals$926,388--$926,388
Travel$351,125$9,131$17,900$378,156
All Other Expenses$179,933$34,920$6,334$221,187
Other Expenses$61,493$7,701$38,300$69,194
Information Technology$10,858$52,192-$63,050
Occupancy$29,856$444$13,470$43,770
Office Expenses$32,870$1,822$3,572$38,264
Fees for Services Other$21,170$6,047-$27,217
Fees for Services Accounting-$15,810-$15,810
Advertising$6,183$50-$6,233
Insurance$5,075-$872$5,947
Total Functional Expenses$3,160,624$930,544$80,448$4,171,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,171,616
Total Expenses per Audited Statements$4,171,616
Total Expenses per Form 990$4,171,616
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the finance committee and once approved it is fowarded to the full board for final approval.”

Form 990, Page 6, Part VI, Line 12C

“Organization regularly and consistently monitor and enforce compliance with the conflivt of interest policy.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Bakersfield College Foundation
EIN
51-0151490
Phone
6613954492
Address
1801 PANORAMA DRIVE, BAKERSFIELD, CA 93305

Signing Officer

Name
Cheryl M Scott
Title
Executive Director
Phone
6613954492
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl M Scott
Formed
1975
Legal Domicile
CA
Voting Board Members
26
Independent Board Members
27
Employees
0

Preparer

Firm
Mendez Petty Moreno Llp
Address
900 TRUXTUN AVE STE 130, BAKERSFIELD, CA 93301-4831
Preparer
Abel Moreno
Phone
6618647880
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Administration of scholarship funds and program costs for the advancement of the foundation towards its goals”

Raw XML AppendixShowing 400 of 487 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8VP STDNT AFF
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRMA
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24ACADMC SEN P
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IRS990/InsuranceGrp/FundraisingAmt0872
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IRS990/InsuranceGrp/TotalAmt05947
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE BAKERSFIELD COLLEGE FOUNDATION MANAGES FUNDS FOR MORE THAN 400 ORGANIZATIONS, INDIVIDUALS, AND ENDOWMENTS FOR THE PURPOSE OF SCHOLARSHIPS AN FOR OTHER OBJECTIVES NOTED IN THE FOUNDATION BY LAWS.
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0NON-INST SUPPLIES & MATER
IRS990/OtherExpensesGrp/Desc1OTHER SERVICES & EXPENSES
IRS990/OtherExpensesGrp/Desc2INVESTMENT ADVISORY EXPEN
IRS990/OtherExpensesGrp/Desc3FURNITURE/EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05088
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12096
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt37701
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IRS990/OtherExpensesGrp/TotalAmt2190075
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IRS990/PrincipalOfficerNm0CHERYL M SCOTT
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADMINISTRATION OF SCHOLARSHIP FUNDS AND PROGRAM COSTS FOR THE ADVANCEMENT OF THE FOUNDATION TOWARDS ITS GOALS
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IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 6,114,540
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04210783
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0598250
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02712905
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06114540
IRS990ScheduleA/PublicSupportCY170Pct00.73830
IRS990ScheduleA/PublicSupportPY170Pct00.70070
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IRS990ScheduleA/TotalSupportAmt028775665
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0926388
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0986
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATION OF SCHOLARSHIP FUNDS AND PROGRAM COSTS FOR THE ADVANCEMENT OF THE FOUNDATION TOWARDS ITS GOALS

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