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Filing year 2023

KERN ECONOMIC DEVELOPMENT CORPORATION

Bakersfield, California·EIN 77-0151886·501(c)(6)
Total revenue
$908k
Total assets
$1.1M
Total expenses
$996k
Reported officers
45
Mission

ATTRACTING NEW BUSINESS & INDUSTRY TO ALL CITIES & COMMUNITIES IN KERN COUNTY. RETAIN EXISTING INDUSTRY & COMPILE DATA TO ATTRACT NEW INDUSTRY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
75th to 90th percentile
$178k
$195k
Base
$178k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 44 unpaid individuals.

Held steady
from 2022

From $178k in 2022 to $178k in 2023.

$178k
2022
$178k
2023
In today's dollarsEst.
Down 4% in real terms$203k to $195k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue fell 2%.

$178k in 2022 to $178k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

KERN ECONOMIC DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$930k
$857k
2022
$908k
$996k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about KERN ECONOMIC DEVELOPMENT CORPORATION

What does the Chief Executive Officer of KERN ECONOMIC DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of KERN ECONOMIC DEVELOPMENT CORPORATION received $177,965 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at KERN ECONOMIC DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at KERN ECONOMIC DEVELOPMENT CORPORATION falls between the 75th and 90th percentiles.

What are KERN ECONOMIC DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, KERN ECONOMIC DEVELOPMENT CORPORATION reported $908k in total revenue and $996k in total expenses on its IRS Form 990.

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