Salesforce Com Foundation
- Assets
- $395.5m
- Revenue
- $37.7m
- Investments
- $375.5m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2000
- Data as of
- 01/2024
- EIN
- 94-3347800
Organization Overview
Salesforce Com Foundation is located in San Francisco, CA. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salesforce Com 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 01/2024, Salesforce Com Foundation generated $37.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $37.7m during the year ending 01/2024. While expenses have increased by 19.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Salesforce Com Foundation has awarded 6,232 individual grants totaling $188,338,649. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO LEVERAGE THE POWER OF SALESFORCE.COM'S PEOPLE, TECHNOLOGY, AND RESOURCES TO IMPROVE COMMUNITIES AND PROMOTE COMPASSIONATE CAPITALISM.
Describe the Organization's Program Activity:
PROVIDE A GLOBAL GRANTS PROGRAM FOR ALL ELIGIBLE SALESFORCE.COM AND FOUNDATION EMPLOYEES. (1% TIME)
TEAM AND CHAMPION GRANTS
EXTERNAL GRANTS PROGRAMS FOR COMMUNITY SUPPORT.
DONOR ADVISED FUND PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Benioff Chairman | 2.5 | $0 | |
Ronald Conway Director | 0.5 | $0 | |
Laura Scher Director | 0.5 | $0 | |
Ebony Beckwith CEO Thru 4/2023 | 3 | $0 | |
Rebecca Ferguson COO Thru 4/2023 / CEO Start 4/2023 | 3 | $0 | |
Samuel Chung CFO | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russel Investments | 1/30/24 | $966,150 |
Moss Adams Llp | 1/30/24 | $56,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,009,105 |
| Interest on Savings | $370,407 |
| Dividends & Interest | $276,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,061,656 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,717,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $221,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,777 |
| Total operating and administrative expenses | $1,576,898 |
| Contributions, gifts, grants paid | $36,145,900 |
| Total expenses and disbursements | $37,722,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,768 |
| Savings and temporary cash investments | $19,611,911 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $375,502,146 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $395,528,825 |
| Accounts payable and accrued expenses | $870,787 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $870,787 |
Grants Awarded
Over the last fiscal year, Salesforce Com Foundation has awarded $36,145,900 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
3DE NATIONAL LLC PURPOSE: SUPPORT YOUTH EDUCATION AND EMPLOYMENT DEVELOPMENT | $1,000,000 |
AI4ALL PURPOSE: SUPPORT YOUTH EDUCATION AND EMPLOYMENT DEVELOPMENT | $500,000 |
AMERICAN AI FORUM PURPOSE: SUPPORT YOUTH EDUCATION AND EMPLOYMENT DEVELOPMENT | $1,000,000 |
ANNIECANNONS PURPOSE: SUPPORT SKILL TRAINING AND EMPLOYMENT OPPORTUNITIES | $500,000 |
BOSTON PRIVATE INDUSTRY COUNCIL PURPOSE: SUPPORT EMPLOYMENT OPPORTUNITIES | $500,000 |
CHILDREN FIRST FUND THE CHICAGO PUBLIC SCHOOLS FOUNDATION PURPOSE: SUPPORT PUBLIC EDUCATION | $1,000,000 |