Cornerstone Ondemand Foundation
- Assets
- $111.4k
- Revenue
- $237.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 04/2011
- Data as of
- 12/2023
- 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 12/2023, Cornerstone Ondemand Foundation generated $237.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $238.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cornerstone Ondemand Foundation has awarded 16 individual grants totaling $203,800. 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
2023
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 650K NONPROFIT PROFESSIONALS GLOBALLY THROUGH DISASTERREADY.ORG, NONPROFITREADY.ORG. 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 2023: 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 650K NONPROFIT PROFESSIONALS GLOBALLY THROUGH DISASTERREADY.ORG AND NONPROFITREADY.ORG. 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 OUR PORTFOLIO OF PARTNERS, AND BY ENSURING THAT WE ARE LEVERAGING TECHNOLOGY TO ACTIVELY ENGAGE AND SERVE OUR LEARNERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Banfield Until 0323 Director | Trustee | 1 | $0 |
Julie Brandt Until 0323 Director/executive Directo | OfficerTrustee | 40 | $0 |
George Devendorf Director | Trustee | 1 | $0 |
Kim Jones Until 0323 Director | Trustee | 1 | $0 |
Peter Kariuki Director | Trustee | 1 | $0 |
Preeta Nayak Until 0323 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 | $237,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,182 |
| 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 | $237,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $12,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,398 |
| Advertising and promotion | $59,009 |
| Office expenses | $134 |
| Information technology | $56,661 |
| 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 | $238,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,432 |
| 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 | $111,432 |
| Accounts payable and accrued expenses | $12,972 |
| 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 | $12,972 |
| Net assets without donor restrictions | $98,460 |
| 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 | $111,432 |
Grants Awarded
Over the last fiscal year, Cornerstone Ondemand Foundation has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LATECHORG PURPOSE: CORPORATE SPONSORSHIP PROGRAM AWARDS | $35,000 |
CASC PURPOSE: CORPORATE SPONSORSHIP PROGRAM AWARDS | $25,000 |