Kern Economic Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 680,643 | 279,497 | 401,146 | 18.1 | 0% |
| 2012 | 376,550 | 707,939 | −331,389 | 1.6 | 0% |
| 2013 | 356,960 | 375,903 | −18,943 | 2.3 | 0% |
| 2014 | 570,069 | 570,364 | −295 | 1.5 | 0% |
| 2015 | 246,758 | 250,527 | −3,769 | 3.3 | 0% |
| 2016 | 62,559 | 106,650 | −44,091 | 2.8 | 0% |
| 2017 | 65,151 | 87,948 | −22,797 | 0.3 | 0% |
| 2018 | 106,701 | 68,497 | 38,204 | 7.0 | 0% |
| 2019 | 104,979 | 111,586 | −6,607 | 3.6 | 0% |
| 2020 | 10,000 | 8,197 | 1,803 | 51.6 | 0% |
| 2021 | 22,005 | 43,647 | −21,642 | 0.0 | 0% |
| 2022 | 342,974 | 313,662 | 29,312 | 1.1 | 0% |
| 2023 | 1,002,308 | 848,778 | 153,530 | 2.6 | 0% |
In its most recent public year (2023), this organization brought in $153,530 more than it spent. Its reserves stood at about 2.6 months of spending, down from 18.1 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Kern Economic Development Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works