Cornerstone Ondemand Foundation
- Assets
- $241.0k
- Revenue
- $470.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-3007450
Organization Overview
Cornerstone Ondemand Foundation is located in Santa Monica, CA. The organization was established in 2011. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Cornerstone Ondemand 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 12/2021, Cornerstone Ondemand Foundation generated $470.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $436.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cornerstone Ondemand Foundation has awarded 18 individual grants totaling $318,800. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT THE CORNERSTONE ONDEMAND FOUNDATION IS TO TRANSFORM THE WAY PEOPLE HELP PEOPLE. THROUGH OUR FREE ONLINE LEARNING PROGRAMS, WE REACHED AND SERVED OVER 500K NONPROFIT PROFESSIONALS GLOBALLY THROUGH DISASTERREADY.ORG, NONPROFITREADY.ORG. IN ADDITION, WE ENABLED OVER 2,500 UNDERREPRESENTED JOB SEEKERS TO BUILD THE FOUNDATOINAL SKILLS REQUIRED FOR THE MODERN WORKPLACE THROUGH OUR WORKORCEREADY.ORG PROGRAM. YEAR OVER YEAR, WE GROW THESE EFFORTS BY CONTINUING TO BUILD AND SOURCE HIGH QUALITY TRAINING RESOURCES, BY EXPANDING OUR PORTFOLIO OF PARTNERS, AND BY ENSURING THAT WE ARE LEVERAGING TECHNOLOGY TO ACTIVELY ENGAGE AND SERVE OUR LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE LEARNING INITIATIVES 2021: OUR MISSION AT THE CORNERSTONE ONDEMAND FOUNDATION IS TO TRANSFORM THE WAY PEOPLE HELP PEOPLE. THROUGH OUR FREE ONLINE LEARNING PROGRAMS, WE REACHED AND SERVED OVER 500K NONPROFIT PROFESSIONALS GLOBALLY THROUGH DISASTERREADY.ORG, NONPROFITREADY.ORG. IN ADDITION, WE ENABLED OVER 2,500 UNDERREPRESENTED JOB SEEKERS TO BUILD THE FOUNDATIONAL SKILLS REQUIRED FOR THE MODERN WORKPLACE THROUGH OUR WORKORCEREADY.ORG PROGRAM. YEAR OVER YEAR, WE GROW THESE EFFORTS BY CONTINUING TO BUILD AND SOURCE HIGH QUALITY TRAINING RESOURCES, BY EXPANDING OUR PORTFOLIO OF PARTNERS, AND BY ENSURING THAT WE ARE LEVERAGING TECHNOLOGY TO ACTIVELY ENGAGE AND SERVE OUR LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Brandt Director/executive Director | OfficerTrustee | 40 | $0 |
Adam Miller Director/president | OfficerTrustee | 1 | $0 |
Jay Banfield Director | Trustee | 1 | $0 |
George Devendorf Director | Trustee | 1 | $0 |
Kim Jones Director | Trustee | 1 | $0 |
Preeta Nayak Director | Trustee | 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 | $470,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,878 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $470,878 |
| 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 | $10,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,119 |
| Advertising and promotion | $111,636 |
| Office expenses | $143 |
| Information technology | $40,239 |
| 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 | $15,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $473 |
| Total functional expenses | $436,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,025 |
| 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 | $241,025 |
| Accounts payable and accrued expenses | $24,206 |
| 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 | $24,206 |
| Net assets without donor restrictions | $216,819 |
| 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 | $241,025 |
Grants Awarded
Over the last fiscal year, Cornerstone Ondemand Foundation has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Monica, CA PURPOSE: CORPORATE SPONSORSHIP PROGRAM AWARDS | $35,000 |
CASC PURPOSE: CORPORATE SPONSORSHIP PROGRAM AWARDS | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cornerstone Ondemand Foundation has recieved totaling $26,500.
| Awarding Organization | Amount |
|---|---|
Jewish Community Foundation Of San Diego San Diego, CA PURPOSE: GENERAL | $25,000 |
Enterprise Holdings Foundation Saint Louis, MO PURPOSE: PROGRAM SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William N Pennington Foundation Reno, NV | $502,236,790 | $24,914,184 |
Sobrato Foundation Mountain View, CA | $153,186,156 | $3,690,713 |
Cause Communications Los Angeles, CA | $1,679,573 | $7,838,789 |
Henderson Family Foundation A California Charitable Organization Burlingame, CA | $111,333,025 | $137,987,606 |
Childrens Initiative San Diego, CA | $3,333,433 | $3,356,719 |
3200 Adams Holding Corp Los Angeles, CA | $13,494,424 | $950,940 |
Gvngorg Beverly Hills, CA | $461,558 | $999,295 |
Arizona Grantmakers Forum Phoenix, AZ | $0 | $309,042 |
League Of California Community Foundations Sonora, CA | $1,702,745 | $954,379 |
La-Tech Org Santa Monica, CA | $413,917 | $840,684 |
Cornerstone Ondemand Foundation Santa Monica, CA | $241,025 | $470,878 |
Transformational Opportunities Inc Prescott Valley, AZ | $130,151 | $365,740 |