Kern Community Foundation FY2021 filing

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Kern Community foundation's mission is growing Community and growing philanthropy.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.6M a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
37 mo
of spending, in cash
Plus $28.4M in investments, Pt X · Ln 11–13
Looks good: 36.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.1M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
-6% vs prior year
Spent
$3.5M
To programs
71%
Net assets
$31.1M
By yearFY2020–FY2024
Revenue
$6.5M
FY2021▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.9M
FY2021$6.5M
FY2022$11.3M
FY2023$5.1M
FY2024$8.5M
Expenses
$3.5M
FY2021▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$3.5M
FY2022$4.3M
FY2023$4.3M
FY2024$8.8M
Net assets
$31.1M
FY2021▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.9M
FY2021$31.1M
FY2022$33.8M
FY2023$37.6M
FY2024$39.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $2.5M Management & general 25% · $864K Fundraising 4% · $124K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
$106,970Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Aaron Falk’s $167K as President/CEO is at the 70th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Aaron Falk$167,346$165,950$147,671——
Kristen a Beall Watson———$106,970$152,727

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Kern Community Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects local donors with charitable causes in Kern County by managing philanthropic funds, awarding grants, and leading community initiatives like college access.

Questions for Kern Community Foundation

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1 program · $2.5M · in their own filed words · FY2021
01

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.

$2.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$40K
Grants paid · 491 grants · $11.9M · 2020–2024
Aera Energy FundFY2024$2,918,446
Kern County Youth for ChristCA · FY2024$243,000
Linked FundFY2024$229,000
Upper Kern Fisheries Enhancement FundFY2024$204,886
Aera Energy Fund for Conservation and the EnvironmentFY2024$150,000
Hay Family Foundation FundFY2024$129,041
Rod Stiefvater FoundationCA · FY2024$124,560
Bakersfield Art Foundation INCCA · FY2024$100,561
30 Southern Sierra CouncilCA · FY2024$89,611
McCarthy Family FundFY2024$82,600
Kern Dance AllianceCA · FY2024$81,000
Borel Fire Relief FundFY2024$64,575
St John's Lutheran ChurchFY2024$37,765
See all 491 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2024 · $1.1M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Bakersfield$1.1M

The auditor reported no findings.

Year ending Dec 2023 · $1.2M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Bakersfield$1.2M

The auditor reported: a weakness in money controls.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$4.6M
Investment incomeLn 3$1.3M
Fees for servicesLn 2g$497K
Money outPt IX
$3.5M
Ln 25
Programscol B$2.5M
Managementcol C$864K
Fundraisingcol D$124K
Owns and owesPt X
$31.1M
net assets · Ln 32
Cash and savingsLn 1–2$10.6M
Total assetsLn 16$39.2M
LiabilitiesLn 26$8.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.6M
Noncash giftsLn 1g$156K
Fees for servicesLn 2g$497K
Investment incomeLn 3$1.3M
Gains on assetsLn 7$955K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
SavingsLn 2$10.6M
Cash and savings togetherLn 1–2$10.6M
InvestmentsLn 11–13$28.4M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$39.2M
LiabilitiesLn 26$8.1M
Net assetsLn 32$31.1M
OperationsPt I, VI
EmployeesI 55
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$156K
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$1.7M$1.4M$1.3M$1.1M$1.2M
Given inLn 1b$50K
SpentLn 1d–1f$59K$55K$73K$96K$46K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.0M$10.6M
InvestmentsLn 11–13$24.0M$28.4M
Land, buildings, equipmentLn 10c$563$2K
Total assetsLn 16$32.5M$39.2M
LiabilitiesLn 26$5.6M$8.1M
Net assetsLn 32$26.9M$31.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Pay of current officers, directors and key staffLn 5$107K$53K$40K$13K
Other salaries and wagesLn 7$219K$110K$82K$27K
Pension plan contributionsLn 8$39K$19K$15K$5K
Payroll taxesLn 10$27K$13K$10K$3K
Accounting feesLn 11c$18K$9K$7K$2K
Investment management feesLn 11f$492K$492K
Other fees for servicesLn 11g$277K$139K$104K$35K
Office expensesLn 13$24K$12K$9K$3K
OccupancyLn 16$57K$28K$21K$7K
TravelLn 17$179$90$67$22
Conferences, conventions and meetingsLn 19$23K$12K$9K$3K
Depreciation, depletion and amortizationLn 22$248$124$93$31
InsuranceLn 23$11K$5K$4K$1K
Other expenses (24a–d)Ln 24$175K$88K$66K$22K
All other expensesLn 24e$13K$7K$5K$2K
Total functional expensesLn 25$3.5M$2.5M$864K$124K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $8.5M$8.8M−$322K$39.3M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $5.1M$4.3M$781K$37.6M 990 PDF
FY2022Filed with the IRS Oct 25, 2023 $11.3M$4.3M$7.0M$33.8M 990 PDF
FY2021 ViewingFiled with the IRS Oct 4, 2022 $6.5M$3.5M$3.0M$31.1M 990 PDF
FY2020Filed with the IRS Sep 20, 2021 $6.9M$4.6M$2.4M$26.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,488,635 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,795,703$4,649,756
I-9 Program service revenuePrior year $402,387$497,396
I-10 Investment incomePrior year $1,734,402$1,341,483
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,932,492$6,488,635
I-13 Grants and similar amounts paidPrior year $2,622,824$1,978,518
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $423,267$391,622
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,532,266$1,091,482
I-18 Total expensesPrior year $4,578,357$3,461,622
I-19 Revenue less expensesPrior year $2,354,135$3,027,013
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,488,635 across 7 lines filed
VIII-1f All other contributions, gifts and grants$4,649,756
VIII-1g Noncash contributions (included above)$155,980
VIII-1h Total contributions, gifts and grants$4,649,756
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $497,396$497,396
VIII-3 Investment incomeExcluded from tax $386,127$386,127
VIII-7 Net gain or loss on sales of assetsExcluded from tax $955,356$955,356
VIII-12 Total revenueRelated to mission $497,396 · Unrelated business $0 · Excluded from tax $1,341,483$6,488,635
Part IX · Statement of functional expenses $3,461,622 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,978,518$1,978,518
IX-5 Pay of current officers, directors and key staffPrograms $53,485 · Management $40,114 · Fundraising $13,371$106,970
IX-7 Other salaries and wagesPrograms $109,514 · Management $82,135 · Fundraising $27,378$219,027
IX-8 Pension plan contributionsPrograms $19,471 · Management $14,603 · Fundraising $4,868$38,942
IX-10 Payroll taxesPrograms $13,342 · Management $10,006 · Fundraising $3,335$26,683
IX-11c Accounting feesPrograms $9,118 · Management $6,838 · Fundraising $2,279$18,235
IX-11f Investment management feesManagement $492,448$492,448
IX-11g Other fees for servicesPrograms $138,648 · Management $103,986 · Fundraising $34,662$277,296
IX-13 Office expensesPrograms $11,987 · Management $8,990 · Fundraising $2,997$23,974
IX-16 OccupancyPrograms $28,407 · Management $21,305 · Fundraising $7,102$56,814
IX-17 TravelPrograms $90 · Management $67 · Fundraising $22$179
IX-19 Conferences, conventions and meetingsPrograms $11,564 · Management $8,673 · Fundraising $2,891$23,128
IX-22 Depreciation, depletion and amortizationPrograms $124 · Management $93 · Fundraising $31$248
IX-23 InsurancePrograms $5,285 · Management $3,964 · Fundraising $1,321$10,570
IX-24 Other expenses (24a–d)Programs $87,713 · Management $65,784 · Fundraising $21,928$175,425
IX-24e All other expensesPrograms $6,594 · Management $4,920 · Fundraising $1,651$13,165
IX-25 Total functional expensesPrograms $2,473,860 · Management $863,926 · Fundraising $123,836$3,461,622
Part X · Balance sheet $39,214,030 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $7,992,981$10,607,446
X-4 Accounts receivableStart of year $422,862$148,473
X-9 Prepaid expenses and deferred chargesStart of year $34,520$38,101
X-10c Land, buildings and equipment, netStart of year $563$2,374
X-12 Other securitiesStart of year $24,014,294$28,417,636
X-16 Total assetsStart of year $32,465,220$39,214,030
X-17 Accounts payable and accrued expensesStart of year $308,840$50,232
X-18 Grants payableStart of year $107,500$183,347
X-19 Deferred revenueStart of year $282,000$55,834
X-25 Other liabilitiesStart of year $4,904,730$7,788,218
X-26 Total liabilitiesStart of year $5,603,070$8,077,631
X-27 Net assets without donor restrictionsStart of year $25,912,150$30,186,399
X-28 Net assets with donor restrictionsStart of year $950,000$950,000
X-32 Total net assets or fund balancesStart of year $26,862,150$31,136,399
X-33 Total liabilities and net assetsStart of year $32,465,220$39,214,030
Part XI · Reconciliation of net assets $31,136,399 net assets at year end
XI-1 Total revenue$6,488,635
XI-2 Total expenses$3,461,622
XI-3 Revenue less expenses$3,027,013
XI-4 Net assets at start of year$26,862,150
XI-5 Net unrealized gains (losses) on investments$1,247,236
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,136,399

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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