Kcera Property INC

Bakersfield, CAUnknown exempt organizationEIN 80-0309253

Owns and rents an office bldg to kern county employees'retirement association, its 100% owner.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $1.0M a year · 326% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$186K
-50% vs prior year
Spent
$5.3M
Net assets
$0
By yearFY2020–FY2023
Revenue
$186K
FY2023▼ -50%
Revenue by fiscal year
FY2020$339K
FY2021$368K
FY2022$368K
FY2023$186K
Expenses
$5.3M
FY2023▲ ×189
Expenses by fiscal year
FY2020$15K
FY2021$20K
FY2022$28K
FY2023$5.3M
Net assets
$0
FY2023▼ -100%
Net assets by fiscal year
FY2020$5.4M
FY2021$5.8M
FY2022$5.6M
FY2023$0

From the FY2023 Form 990 (year ending October 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
CFO and Director
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
David Couch$100—
Tyler Whitezell$100$100
Phil Franey$100—
Robb Seibly$100—

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.

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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

Owns and rents an office building to a retirement association.

Provided by the organization

This section is blank until Kcera Property INC claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

Rental of office building to 100% shareholder the kern county employees' retirement association, a defined benefit public pension plan. Additionally, in the current year it was resolved by the board to do a grant contribution of the office building property to the 100% shareholder.

Pt IX · col B

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$186K
Ln 12
Fees for servicesLn 2g$184K
Investment incomeLn 3$2K
Money outPt IX
$5.3M
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$184K
Investment incomeLn 3$2K
Total revenueLn 12$186K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$306K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5.3M$0
Total assetsLn 16$5.6M$0
LiabilitiesLn 26$2K$0
Net assetsLn 32$5.6M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.3M
Accounting feesLn 11c$13K
Total functional expensesLn 25$5.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $186K$5.3M−$5.1M$0 990 PDF
FY2022 $368K$28K$340K$5.6M 990 PDF
FY2021 $368K$20K$348K$5.8M 990 PDF
FY2020 $339K$15K$324K$5.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $185,995 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $183,622$183,622
VIII-3 Investment incomeExcluded from tax $2,373$2,373
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $185,995$185,995
Part IX · Statement of functional expenses $5,307,691 across 2 lines filed
IX-1 Grants to domestic organizations$5,295,019
IX-11c Accounting fees$12,672
IX-25 Total functional expenses$5,307,691
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $306,042$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,669$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $5,295,020$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $5,602,731$0
X-17 Accounts payable and accrued expensesStart of year $1,893$0
X-26 Total liabilitiesStart of year $1,893$0
X-27 Net assets without donor restrictionsStart of year $5,600,838$0
X-32 Total net assets or fund balancesStart of year $5,600,838$0
X-33 Total liabilities and net assetsStart of year $5,602,731$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$185,995
XI-2 Total expenses$5,307,691
XI-3 Revenue less expenses−$5,121,696
XI-4 Net assets at start of year$5,600,838
XI-9 Other changes in net assets−$479,142
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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