Korn Ferry Charitable Foundation
Nonprofit profile at a glance
- EIN
- 850622977
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- Los Angeles, CA, USA
- Phone
- 3102262607
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $1,004,373
- Expenses
- $522,605
- Assets
- $789,326
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- HEATHER AXE (PRESIDENT AND SECRETARY)
People named in this filing
- JONATHAN KUAI (CHAIR/DIRECTOR)
- ARI LANIN (DIRECTOR)
- DANIELA STOLMAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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.
What it reported doing in 2024
Leadership accelerator conference - the leadership accelerator conference is designed to support college and university students heading into their first internship or job. The program leverages korn ferry's leadership development intellectual property to aid students in career preparation by exploring their purpose, goals, and skills required to navigate their careers. The conference aims to foster a space for students to learn about networking, relationships, and personal brand in preparation for the workforce ahead. Eligibility is not restricted on the basis of race or any other protected category.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 74
- Accountability: 94
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.8%; rating input score 52
- Program expense ratio: 97.1%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 99.2%; rating input score 99; 48th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 48%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 1.51; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 33.3% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 64.5% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 34.4% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 51.8% of revenue deployed · 97.1% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $508K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.