Civic Intelligence

Kern County Museum Foundation

EIN 77-0272697 • 501(c)3 • Bakersfield, CA

Profile

The specific purpose of the foundation is to raise, gather, collect and receive funds, equipment, donated services and similar contributions for the support, enhancement and enrichment of the kern county museum and to provide operational support by employing staff and engaging in the day-to-day operations of the museum.

3801 Chester AvenueBakersfield, CA 93301

kerncountymuseum.org

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.07x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

-1.3%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.2%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,981,092

Down $38,149 (-1.3%) from 2023

Liabilities

Down

$93,192

Down $52,329 (-36%) from 2023

Net Assets

Up

$2,887,900

Up $14,180 (+0.5%) from 2023

Revenue

Up

$1,335,141

Up $41,970 (+3.2%) from 2023

Expenses

Down

$1,336,975

Down $130,453 (-8.9%) from 2023

Net Income

Up

-$1,834

Up $172,423 (+99%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,080,866Liabilities 2011: $18,905Net Assets 2011: $1,061,9612011Assets 2012: $1,605,053Liabilities 2012: $195,052Net Assets 2012: $1,410,0012012Assets 2013: $1,920,873Liabilities 2013: $168,912Net Assets 2013: $1,751,9612013Assets 2014: $2,106,812Liabilities 2014: $157,576Net Assets 2014: $1,949,2362014Assets 2015: $2,733,926Liabilities 2015: $307,603Net Assets 2015: $2,426,3232015Assets 2016: $2,943,087Liabilities 2016: $147,054Net Assets 2016: $2,796,0332016Assets 2017: $3,079,420Liabilities 2017: $128,375Net Assets 2017: $2,951,0452017Assets 2018: $3,002,294Liabilities 2018: $78,901Net Assets 2018: $2,923,3932018Assets 2019: $3,078,446Liabilities 2019: $229,617Net Assets 2019: $2,848,8292019Assets 2020: $2,871,684Liabilities 2020: $207,144Net Assets 2020: $2,664,5402020Assets 2021: $3,273,553Liabilities 2021: $193,136Net Assets 2021: $3,080,4172021Assets 2022: $3,270,467Liabilities 2022: $249,235Net Assets 2022: $3,021,2322022Assets 2023: $3,019,241Liabilities 2023: $145,521Net Assets 2023: $2,873,7202023Assets 2024: $2,981,092Liabilities 2024: $93,192Net Assets 2024: $2,887,9002024

Highlighted filing

2024

Assets$2,981,092
Liabilities$93,192
Net Assets$2,887,900

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $150,451Expenses 2011: $256,714Net Income 2011: -$106,2632011Expenses 2012: $954,8352012Expenses 2013: $1,155,5882013Revenue 2014: $1,350,914Expenses 2014: $1,426,022Net Income 2014: -$75,1082014Revenue 2015: $1,927,085Expenses 2015: $1,368,269Net Income 2015: $558,8162015Revenue 2016: $1,628,668Expenses 2016: $1,232,384Net Income 2016: $396,2842016Revenue 2017: $1,262,671Expenses 2017: $1,117,181Net Income 2017: $145,4902017Revenue 2018: $1,155,656Expenses 2018: $1,211,415Net Income 2018: -$55,7592018Revenue 2019: $1,187,735Expenses 2019: $1,220,296Net Income 2019: -$32,5612019Revenue 2020: $1,014,550Expenses 2020: $1,179,078Net Income 2020: -$164,5282020Revenue 2021: $1,178,174Expenses 2021: $993,506Net Income 2021: $184,6682021Revenue 2022: $1,217,565Expenses 2022: $1,292,093Net Income 2022: -$74,5282022Revenue 2023: $1,293,171Expenses 2023: $1,467,428Net Income 2023: -$174,2572023Revenue 2024: $1,335,141Expenses 2024: $1,336,975Net Income 2024: -$1,8342024

Highlighted filing

2024

Revenue$1,335,141
Expenses$1,336,975
Net Income-$1,834

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.98$0.09$2.89$1.34$1.34$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.02$0.15$2.87$1.29$1.47$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.27$0.25$3.02$1.22$1.29$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.27$0.19$3.08$1.18$0.99$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.87$0.21$2.66$1.01$1.18$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.08$0.23$2.85$1.19$1.22$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.00$0.08$2.92$1.16$1.21$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.08$0.13$2.95$1.26$1.12$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.94$0.15$2.80$1.63$1.23$0.40
2015Detailed filing. Detailed filing data is available for this year.$2.73$0.31$2.43$1.93$1.37$0.56
2014Detailed filing. Detailed filing data is available for this year.$2.11$0.16$1.95$1.35$1.43$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.17$1.75$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.20$1.41$0.95
2011Summary only. Only limited summary data is available for this year.$1.08$0.02$1.06$0.15$0.26$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,375,180
Mission and Program Overview

Mission

The specific purpose of the foundation is to raise, gather, collect and receive funds, equipment, donated services and similar contributions for the support, enhancement and enrichment of the kern county museum and to provide operational support by employing staff and engaging in the day-to-day operations of the museum.

The specific purpose of the foundation is to provide operational support by employing staff and engaging in the day-to-day operations of the kern county museum to preserve historic artifacts, documents, photographs, structures, collections, and other such items that represent the area's past; raise, gather, and collect monies to be used toward the support, enhancement, enrichment, and operation of the museum, and to carry on other charitable and educational activities associated with this goal.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,964,657$2,029,890▲ $65,233
Investments Other Securities$726,195$684,822▼ $41,373
Cash and Non-Interest-Bearing Accounts$54,739$92,921▲ $38,182
Accounts Receivable$32,626$55,664▲ $23,038
Savings and Temporary Cash Investments$106,096$33,214▼ $72,882
Inventories for Sale or Use$9,481$10,244▲ $763
Total Assets$3,019,241$2,981,092▼ $38,149
Other Assets Total$125,447$74,337▼ $51,110
Liabilities
Accounts Payable and Accrued Expenses$94,750$63,617▼ $31,133
Deferred Revenue$50,771$29,575▼ $21,196
Total Liabilities$145,521$93,192▼ $52,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,286,465$2,128,229▼ $158,236
Net Assets With Donor Restrictions$587,255$759,671▲ $172,416
Total Net Assets Fund Balance$2,873,720$2,887,900▲ $14,180
Total Liabilities and Net Assets / Fund Balance$3,019,241$2,981,092▼ $38,149

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,001,811$1,252,760$3,254,571
Equipment$28,079$106,847$134,926
Other Land Buildings$0$3,649$3,649
Other Securities$684,822--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$780,934$532,553▲ $67,878$657,428$723,937
2022$899,145$284,577▲ $50,869$453,657$780,934
2021$1,149,415$415,170▼ $87,763$577,677$899,145
2020$801,490$720,122▲ $84,658$456,855$1,149,415
2019$1,168,399$448,764▼ $18,252$797,421$801,490
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike MccoyExecutive DirectorFT$80,000$80,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$912,153
Program Service Revenue
$349,277
Investment Income
$47,467
Other Revenue
$26,244
All Other Contributions
$315,262
Change in Net Assets
$-1,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,375,180
Revenue Not Reported on Financial Statements
$-40,039
Revenue Not Reported on Form 990
$16,014
Other Revenue Adjustments
$-40,039
Total Revenue per Audited Statements
$1,391,194
Total Revenue per Form 990
$1,335,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$675,202
Salaries, Compensation, and Employee Benefits$661,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,667$454,275-$508,942
Depreciation Depletion-$182,548-$182,548
Current Officers, Directors, Trustees, and Key Employees-$80,480-$80,480
Payroll Taxes$10,062$39,786-$49,848
All Other Expenses$267$43,774-$44,041
Advertising-$39,486-$39,486
Other Employee Benefits$6,630$15,873-$22,503
Insurance$1,210$16,318-$17,528
Office Expenses-$17,206-$17,206
Other Expenses$12,075$3,971-$16,046
Occupancy$1,533$4,709-$6,242
Travel-$3,067-$3,067
Total Functional Expenses$88,697$1,248,278$0$1,336,975

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,377,013
Expenses per Audited Statements$1,336,974
Total Expenses per Form 990$1,336,974
Expenses Not Reported on Form 990$40,039
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,883
Fundraising Direct Expenses$40,039
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Village Flea$10,095$10,095$2,710$7,385
Get Lit$7,575$-9,425$4,959$-14,384
Total Events$57,193$36,743$40,039$-3,296
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The entire 990 will be reviewed by the budget and finance committee and submitted for the chairman to sign.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is distributed to officers and trustees for review. Once received the conflict of interest policies are forwarded to the kern county clerk of the board.

Form 990, Part VI, Section B, Line 15

Compensation for the executive director was proposed by the governing board after a review of: kern county museum foundation comparable salary data and local nonprofit and private sector comparable salary data. Recommendations were presented for and received approval from the full board. Compensation for all employees is subject to review as part of the annual budgeting process. Additionally, monthly financial reports to the board include line item reporting of compensation to date.

Form 990, Part VI, Section C, Line 18

The board of trustees list and meeting agendas are posted to the organization's website. All requests for form 1023 and form 990 are made to the chairman.

Form 990, Part VI, Section C, Line 19

All requests for governing documents, the conflict of interest policy, and the financial statements are made to the chairman.

Filing and Contact Details

Filer

Filer Name
Kern County Museum Foundation
EIN
77-0272697
Phone
6614373330
Address
3801 CHESTER AVENUE, BAKERSFIELD, CA 93301

Signing Officer

Name
Michael Stevenson
Title
Treasurer
Phone
6614373330
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Stevenson
Formed
1991
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
25
Volunteers
13

Preparer

Firm
Daniells Phillips Vaughan & Bock
Address
300 NEW STINE ROAD, BAKERSFIELD, CA 93309
Preparer
Patrick W Paggi CPA
Phone
6618347411
Supplemental Narrative

Additional Explanations

Part XIII Line 2C

There were no changes to the oversight process or selection process during the tax year.

Financial Statement Notes

PART III, LINE 4:

The museum has been collecting pieces of kern county history since 1929. Thousands of historical and cultural artifacts are displayed in more than 50 historic buildings on 16 beautifully landscaped acres. Treasures such as a one room school, a general store, jail, oil derrick, and seven historic homes join native american, bakersfield sound, mining, agriculture and railroad exhibits for visitor enjoyment. From california's gold rush, through its settlement and development, to the crucial oil industry of today, the state's rich heritage can be experienced in one convenient and central location. The kern county museum, founded in 1941, provides interpretive experiences through historical objects that tell significant stories about kern county life to its visitors. As a result, the museum provides a meaningful learning environment for people of all ages, and showcases the unique importance of the region in shaping the history of california and the nation in ways that enrich lives and shape a better future.

PART V, LINE 4:

The organization intends to use the endowment funds to support the daily operations of the museum and any related improvement projects.

PART X, LINE 2:

The foundation has adopted the 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. Management evaluated the foundation's tax positions and concluded that they had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct fundraising expenses netted with revenue -40,039.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses netted with revenue 40,039.

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IRS990/ActivityOrMissionDesc0THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO PROVIDE OPERATIONAL SUPPORT BY EMPLOYING STAFF AND ENGAGING IN THE DAY-TO-DAY OPERATIONS OF THE KERN COUNTY MUSEUM TO PRESERVE HISTORIC ARTIFACTS, DOCUMENTS, PHOTOGRAPHS, STRUCTURES, COLLECTIONS, AND OTHER SUCH ITEMS THAT REPRESENT THE AREA'S PAST; RAISE, GATHER, AND COLLECT MONIES TO BE USED TOWARD THE SUPPORT, ENHANCEMENT, ENRICHMENT, AND OPERATION OF THE MUSEUM, AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES ASSOCIATED WITH THIS GOAL.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01991
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IRS990/FSAuditedInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO RAISE, GATHER, COLLECT AND RECEIVE FUNDS, EQUIPMENT, DONATED SERVICES AND SIMILAR CONTRIBUTIONS FOR THE SUPPORT, ENHANCEMENT AND ENRICHMENT OF THE KERN COUNTY MUSEUM AND TO PROVIDE OPERATIONAL SUPPORT BY EMPLOYING STAFF AND ENGAGING IN THE DAY-TO-DAY OPERATIONS OF THE MUSEUM.
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IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt010062
IRS990/PayrollTaxesGrp/TotalAmt049848
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL STEVENSON
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTALS
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2ADMISSIONS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt184448
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220600
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt184448
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220600
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL PROGRAMS - INCLUDE SCHOOL FIELD TRIPS AND ADMISSIONS TO THE MUSEUM, INCLUDING THE GROUNDS, THE LORI BROCK CHILDREN'S DISCOVERY CENTER, KID CITY, AND ART SAFARI.
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IRS990/PYProgramServiceRevenueAmt0403057
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0106096
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033214
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01802860
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IRS990ScheduleA/TotalSupportAmt04329532
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt02986105
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0EDUCATION
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
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IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MUSEUM HAS BEEN COLLECTING PIECES OF KERN COUNTY HISTORY SINCE 1929. THOUSANDS OF HISTORICAL AND CULTURAL ARTIFACTS ARE DISPLAYED IN MORE THAN 50 HISTORIC BUILDINGS ON 16 BEAUTIFULLY LANDSCAPED ACRES. TREASURES SUCH AS A ONE ROOM SCHOOL, A GENERAL STORE, JAIL, OIL DERRICK, AND SEVEN HISTORIC HOMES JOIN NATIVE AMERICAN, BAKERSFIELD SOUND, MINING, AGRICULTURE AND RAILROAD EXHIBITS FOR VISITOR ENJOYMENT. FROM CALIFORNIA'S GOLD RUSH, THROUGH ITS SETTLEMENT AND DEVELOPMENT, TO THE CRUCIAL OIL INDUSTRY OF TODAY, THE STATE'S RICH HERITAGE CAN BE EXPERIENCED IN ONE CONVENIENT AND CENTRAL LOCATION. THE KERN COUNTY MUSEUM, FOUNDED IN 1941, PROVIDES INTERPRETIVE EXPERIENCES THROUGH HISTORICAL OBJECTS THAT TELL SIGNIFICANT STORIES ABOUT KERN COUNTY LIFE TO ITS VISITORS. AS A RESULT, THE MUSEUM PROVIDES A MEANINGFUL LEARNING ENVIRONMENT FOR PEOPLE OF ALL AGES, AND SHOWCASES THE UNIQUE IMPORTANCE OF THE REGION IN SHAPING THE HISTORY OF CALIFORNIA AND THE NATION IN WAYS THAT ENRICH LIVES AND SHAPE A BETTER FUTURE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION INTENDS TO USE THE ENDOWMENT FUNDS TO SUPPORT THE DAILY OPERATIONS OF THE MUSEUM AND ANY RELATED IMPROVEMENT PROJECTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS ADOPTED THE 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. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THEY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING EXPENSES NETTED WITH REVENUE -40,039.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4DIRECT FUNDRAISING EXPENSES NETTED WITH REVENUE 40,039.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:

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