Kern Economic Development Corporation
501(c)(6)
Only null% goes to programs Strong reserves
Kern Economic Development Corporation is a 501(c)(6) organization based in Bakersfield, California, registered in 1988, with $908,458 in FY2023 revenue. CharityIndex grades it B.
Po Box 1033, Bakersfield, CA, 93302 EIN 77-0151886 Since 1988
Revenue (FY2023)
$908K
▼ 2.3% vs prior year
Expenses (FY2023)
$996K
Net assets
$737K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kern Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating9 mo reserves · -10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kern Economic Development Corporation: 9 mo reserves · -10% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kern Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kern Economic Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1033, Bakersfield, CA, 93302
- City
- Bakersfield
- State
- California
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $883K (FY2013) to $908K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $323KNet assets $737K
Operating margin
-9.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$323K
Net assets
$737K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $908,458▼2.3% | $995,738▲16.3% | $737,415▼8.7% | $1,059,918▼7.1% | 990 |
| 2022 | $930,261▼4.3% | $856,536▲8.1% | $807,365▲11.0% | $1,140,986▼3.7% | 990 |
| 2021 | $971,949▲0.9% | $792,500▲15.0% | $727,361▲32.8% | $1,184,437▲33.2% | 990 |
| 2020 | $963,253▲28.8% | $688,953▼19.5% | $547,912▲100% | $889,493▲54.5% | 990 |
| 2019 | $748,063▼9.1% | $856,159▼0.2% | $273,612▼28.3% | $575,877▼7.9% | 990 |
| 2018 | $822,701▲6.7% | $857,530▲6.0% | $381,708▼8.4% | $625,349▼10.8% | 990 |
| 2017 | $771,369▼0.9% | $809,217▲4.8% | $416,537▼8.3% | $700,767▼1.1% | 990 |
| 2016 | $778,239▼6.5% | $772,042▼8.7% | $454,385▲1.4% | $708,638▼8.1% | 990 |
| 2015 | $832,616▼9.5% | $845,265▼3.3% | $448,188▼2.7% | $771,500▲4.2% | 990 |
| 2014 | $920,345▲4.2% | $873,721▲4.9% | $460,837▲11.3% | $740,135▲4.5% | 990 |
| 2013 | $883,226 | $832,856▼0.1% | $414,213▲13.8% | $708,178▲13.0% | 990 |
| 2012 | — | $833,729 | $363,843 | $626,932 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $115K total
11 grants to Kern Economic Development Corporation totaling $115K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Valley Strong Credit Union | To connect education initiatives, community partnerships, and business leaders on projects to develop the local workforce to meet the needs of the local economy. | 2024 | $10,000 |
| Kaiser Foundation Health Plan Inc | Kern economic development corp annual sponsorship | 2024 | $7,500 |
| Valley Strong Credit Union | To attract new business and industry to all communities in kern county. | 2023 | $12,500 |
| Kaiser Foundation Health Plan Inc | Kern economic development corp sponsored event | 2023 | $10,000 |
| San Joaquin Community Hospital Corporation | Community donation | 2023 | $7,500 |
| Valley Strong Credit Union | To help attract new business and industry to all communities in kern county. | 2022 | $7,500 |
| San Joaquin Community Hospital Corporation | Miscellaneous donation | 2021 | $7,500 |
| San Joaquin Community Hospital Corporation | Miscellaneous donation | 2020 | $10,000 |
| California Association of Realtors Inc | Advocacy | 2020 | $5,000 |
| San Joaquin Community Hospital Corporation | — | 2019 | $12,300 |
| San Joaquin Community Hospital Corporation | — | 2018 | $25,600 |
Frequently asked questions
- Is Kern Economic Development Corporation a legitimate nonprofit?
- Yes. Kern Economic Development Corporation is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 77-0151886, based in Bakersfield, California.
- What is Kern Economic Development Corporation's EIN?
- Kern Economic Development Corporation's Employer Identification Number (EIN) is 77-0151886.
- How much revenue does Kern Economic Development Corporation report?
- Kern Economic Development Corporation reported $908,458 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Kern Economic Development Corporation have?
- CharityIndex grades Kern Economic Development Corporation B, based on financial health (reserves and operating margin).
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Data for Kern Economic Development Corporation (EIN 77-0151886) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.