Civic Intelligence

Korn Ferry Charitable Foundation

990 • Fiscal year 2021 • EIN 85-0622977

Apr 01, 2020 to Mar 31, 2021 • Filed on Jul 06, 2021

1900 Avenue Of The Stars No 2600Los Angeles, CA 90067

(310) 226-2607

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

62nd percentile

18%

Higher net margin than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$10,014

No earlier filing loaded for comparison.

Net Assets

$10,014

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$57,000

No earlier filing loaded for comparison.

Expenses

$46,986

No earlier filing loaded for comparison.

Net Income

$10,014

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2021: $10,014Liabilities 2021: $0Net Assets 2021: $10,0142021Assets 2022: $1,119,207Liabilities 2022: $0Net Assets 2022: $1,119,2072022Assets 2025: $789,326Liabilities 2025: $0Net Assets 2025: $789,3262025

Highlighted filing

2021

Assets$10,014
Liabilities$0
Net Assets$10,014

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $57,000Expenses 2021: $46,986Net Income 2021: $10,0142021Revenue 2022: $1,535,000Expenses 2022: $425,807Net Income 2022: $1,109,1932022Revenue 2025: $1,004,373Expenses 2025: $522,605Net Income 2025: $481,7682025

Highlighted filing

2021

Revenue$57,000
Expenses$46,986
Net Income$10,014
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Jul 6, 2021
Return Version
2020v4.1
Gross Receipts
$57,000
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$10,014-
Rtn Earn Endowment Incm Other Fnds$0$10,014▲ $10,014
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$10,014▲ $10,014
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$10,014▲ $10,014
Total Liabilities and Net Assets / Fund Balance$0$10,014▲ $10,014
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jonathan KuaiChair
Heather AxePresident and Secretary
Ari LaninDirector
Daniela StolmanDirector
Michael CohenDirector
Tiffany LeeDirector
Andy KatzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$57,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$57,000
Change in Net Assets
$10,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,986
Grants and Similar Amounts Paid$23,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$23,986--$23,986
Grants to Domestic Orgs$23,000--$23,000
Total Functional Expenses$46,986$0$0$46,986
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Once form 990 is drafted, the foundation's president and treasurer work closely to review the form with the outside accounting firm engaged by the foundation. Prior to the filing of form 990, a pdf copy of the form is emailed to all board members for their review and approval. If required, changes are made before filing form 990 with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Korn ferry charitable foundation regularly requires all officers, directors, committee members, and employees to sign a conflict of interest disclosure form. If a potential conflict is identified, the person with the conflict must fully disclose the conflict to the president or secretary of the foundation who will determine if an actual conflict exists and make a determination on the proposed action, transaction, or other activity (the "activity"). If, in the judgement of the president, there is a potential conflict and the activity is sufficiently material, the matter shall be presented to the board, who will then vote on how to proceed. At the discretion of the board of directors, the interested party may attend the meeting of the board and answer questions and provide information about the potential conflict of interest and the activity; provided, however, the interested party shall otherwise recuse himself or herself from the meeting and shall not be present during debate and voting on the matter.

Form 990, Part VI, Section C, Line 19

Upon request, the foundation makes its conflict of interest policy and financial statements available to the public. The foundation considers providing its governing documentation to the public upon request.

Filing and Contact Details

Filer

Filer Name
Korn Ferry Charitable Foundation
EIN
85-0622977
Phone
3102262607
Address
1900 AVENUE OF THE STARS NO 2600, LOS ANGELES, CA 90067

Signing Officer

Name
Andy Katz
Title
Treasurer
Phone
3102262607
Signed
2021-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Katz
Formed
2020
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Harbor compliance expenses: program service expenses 11,043. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,043. Scholarship administration program: program service expenses 12,943. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,943.

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IRS990/MissionDesc0THE 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP PROGRAM - THE FOUNDATION ALSO INTENDS TO PROVIDE SCHOLARSHIPS BASED ON NON-DISCRIMINATORY, OBJECTIVE CRITERIA, SUCH AS FINANCIAL NEED AND HIGH ACADEMIC ACHIEVEMENT, FOR DEPENDENTS OF KORN FERRY'S EMPLOYEES. THE FOUNDATION MAY PROVIDE SCHOLARSHIPS TO THE GENERAL PUBLIC AS WELL.
IRS990/ProgSrvcAccomActy3Grp/Desc0DISASTER RELIEF PROGRAM - THE FOUNDATION WILL SERVE AS A VEHICLE TO RAISE AND DISTRIBUTE CHARITABLE DONATIONS FROM KORN FERRY AND ITS EMPLOYEES IN RESPONSE TO QUALIFIED DISASTERS AND EMERGENCIES. THE FOUNDATION INTENDS TO PROVIDE GRANTS TO KORN FERRY EMPLOYEES WHO ARE FACING FINANCIAL HARDSHIP IMMEDIATELY AFTER A QUALIFIED DISASTER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE FORM 990 IS DRAFTED, THE FOUNDATION'S PRESIDENT AND TREASURER WORK CLOSELY TO REVIEW THE FORM WITH THE OUTSIDE ACCOUNTING FIRM ENGAGED BY THE FOUNDATION. PRIOR TO THE FILING OF FORM 990, A PDF COPY OF THE FORM IS EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL. IF REQUIRED, CHANGES ARE MADE BEFORE FILING FORM 990 WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KORN FERRY CHARITABLE FOUNDATION REGULARLY REQUIRES ALL OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AND EMPLOYEES TO SIGN A CONFLICT OF INTEREST DISCLOSURE FORM. IF A POTENTIAL CONFLICT IS IDENTIFIED, THE PERSON WITH THE CONFLICT MUST FULLY DISCLOSE THE CONFLICT TO THE PRESIDENT OR SECRETARY OF THE FOUNDATION WHO WILL DETERMINE IF AN ACTUAL CONFLICT EXISTS AND MAKE A DETERMINATION ON THE PROPOSED ACTION, TRANSACTION, OR OTHER ACTIVITY (THE "ACTIVITY"). IF, IN THE JUDGEMENT OF THE PRESIDENT, THERE IS A POTENTIAL CONFLICT AND THE ACTIVITY IS SUFFICIENTLY MATERIAL, THE MATTER SHALL BE PRESENTED TO THE BOARD, WHO WILL THEN VOTE ON HOW TO PROCEED. AT THE DISCRETION OF THE BOARD OF DIRECTORS, THE INTERESTED PARTY MAY ATTEND THE MEETING OF THE BOARD AND ANSWER QUESTIONS AND PROVIDE INFORMATION ABOUT THE POTENTIAL CONFLICT OF INTEREST AND THE ACTIVITY; PROVIDED, HOWEVER, THE INTERESTED PARTY SHALL OTHERWISE RECUSE HIMSELF OR HERSELF FROM THE MEETING AND SHALL NOT BE PRESENT DURING DEBATE AND VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, THE FOUNDATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE FOUNDATION CONSIDERS PROVIDING ITS GOVERNING DOCUMENTATION TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HARBOR COMPLIANCE EXPENSES: PROGRAM SERVICE EXPENSES 11,043. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,043. SCHOLARSHIP ADMINISTRATION PROGRAM: PROGRAM SERVICE EXPENSES 12,943. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,943.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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ReturnHeader/BusinessOfficerGrp/PhoneNum03102262607
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KORN FERRY CHARITABLE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KORN
ReturnHeader/Filer/EIN0850622977
ReturnHeader/Filer/PhoneNum03102262607
ReturnHeader/Filer/USAddress/AddressLine1Txt01900 AVENUE OF THE STARS NO 2600
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090067
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 CAPITOL MALL SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SACRAMENTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095814
ReturnHeader/PreparerPersonGrp/PhoneNum09164429100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA M CUMMINGS CPA
ReturnHeader/ReturnTs02021-07-07T08:45:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KATZ
ReturnHeader/TaxPeriodBeginDt02020-04-01
ReturnHeader/TaxPeriodEndDt02021-03-31
ReturnHeader/TaxYr02020

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