Korn Ferry Charitable Foundation
- Assets
- $307.6k
- Revenue
- $22.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 03/2024
- EIN
- 85-0622977
Organization Overview
Korn Ferry Charitable Foundation is located in Los Angeles, CA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Korn Ferry Charitable 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 03/2024, Korn Ferry Charitable Foundation generated $22.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $468.4k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO HELP PEOPLE EXCEED THEIR POTENTIAL. WHETHER THAT IS IN THE BOARDROOM, THE CLASSROOM, OR THEIR LIVING ROOM. THAT MEANS PROVIDING HELP, SUPPORT, AND INSPIRATION FOR PEOPLE WHO NEED IT MOST, PROVIDING DIRECT RELIEF TO THOSE AFFECTED BY A NATURAL DISASTER, FUNDING SCHOLARSHIPS AND PROGRAMS, AND OFFERING GRANTS TO CHARITABLE ORGANIZATIONS WORKING TO ENHANCE OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL GRANT-MAKING - THE FOUNDATION MAKES GRANTS TO ORGANIZATIONS, MAINLY 501(C)(3) PUBLIC CHARITIES, THAT ALIGN WITH THE FOUNDATION'S CHARITABLE PURPOSE AND IN CONFORMITY WITH IRS GUIDELINES. THROUGH ITS GRANT-MAKING PROGRAM, THE FOUNDATION INTENDS TO SUPPORT ORGANIZATIONS THAT, AMONG OTHER THINGS, HELP PROVIDE RELIEF AFTER A MAJOR DISASTER AND/OR TO REBUILD A COMMUNITY IMPACTED BY A MAJOR DISASTER.
SCHOLARSHIP PROGRAM - THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS BASED ON NON-DISCRIMINATORY, OBJECTIVE CRITERIA, SUCH AS FINANCIAL NEED AND HIGH ACADEMIC ACHIEVEMENT, FOR CHILDREN OR LEGAL WARDS OF KORN FERRY'S EMPLOYEES. THE FOUNDATION MAY PROVIDE SCHOLARSHIPS TO THE GENERAL PUBLIC AS WELL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Kuai Chair/director | Trustee | 5 | $0 |
Ari Lanin Director | Trustee | 1 | $0 |
Daniela Stolman Director | Trustee | 1 | $0 |
Michael Cohen Director | Trustee | 1 | $0 |
Tiffany Lee Director | Trustee | 1 | $0 |
Andy Katz Treasurer | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $22,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| Grants and other assistance to domestic individuals. | $310,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $120,000 |
| 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 | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,518 |
| Advertising and promotion | $0 |
| Office expenses | $5,667 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $468,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,558 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $307,558 |
| 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 | $307,558 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $307,558 |