Plank Foundation
- Assets
- $827.3k
- Revenue
- $42.5k
- Investments
- $806.2k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 11/1986
- Data as of
- 06/2024
- EIN
- 77-0114147
Organization Overview
Plank Foundation is located in Bakersfield, CA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Plank Foundation generated $42.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $71.4k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Plank Foundation has awarded 24 individual grants totaling $182,758. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT KERN COUNTY FIGHT AGAINST CANCER, HOSPICE EFFORTS AND IMMEDIATE COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIGHT AGAINST CANCER
HOSPICE SUPPORT
COMMUNITY NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Avila President | OfficerTrustee | 0.5 | $0 |
Tom Burch Vice President | OfficerTrustee | 0.5 | $0 |
Michele Brown Secretary | OfficerTrustee | 0.5 | $0 |
Bob Parker Treasurer | OfficerTrustee | 0.5 | $0 |
Dt Holder Director | Trustee | 0.5 | $0 |
Kevin Charette Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,990 |
| Total Program Service Revenue | $0 |
| Investment income | $24,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,352 |
| Net Income from Fundraising Events | $13,032 |
| Net Income from Gaming Activities | $2,230 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,686 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,560 |
| All other expenses | $252 |
| Total functional expenses | $71,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $806,213 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,600 |
| Total assets | $827,282 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $827,282 |
| Total liabilities and net assets/fund balances | $827,282 |
Grants Awarded
Over the last fiscal year, Plank Foundation has awarded $21,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KERN COUNTY CANCER FOUNDATION PURPOSE: DONATION FOR THE SUPPORT OF HOSPICE CARE AND OTHER COMPASSIONATE PROGRAMS. | $6,000 |
BRISTOL HOSPICE FOUNDATION OF CA PURPOSE: DONATION FOR THE SUPPORT OF HOSPICE CARE AND OTHER COMPASSIONATE PROGRAMS. | $7,500 |
HOFFMAN HOSPICE PURPOSE: DONATION FOR THE SUPPORT OF HOSPICE CARE AND OTHER COMPASSIONATE PROGRAMS. | $7,500 |