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Nonprofiteer
← CLARA LIONEL FOUNDATION

Form 990 for tax year 2023

Filed by CLARA LIONEL FOUNDATION.

Totals

Total revenue
$2,880,363
Total expenses
$7,634,109
Contributions and grants received
$1,266,815
Grants paid
$4,405,015
Program service revenue
$0
Investment income
$1,613,548
Other revenue
$0
Total assets, end of year
$51,989,011
Total liabilities, end of year
$4,299,160
Net assets or fund balances, end of year
$47,689,851
Program services expenses (Part IX)
$6,049,834
Management and general expenses
$1,472,344
Fundraising expenses
$111,931
Program service expenses (Part III)
$6,049,834

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,266,815

  • 3 · Investment income

    total $1,664,160 · excluded $1,664,160

  • 7a · Gross sales of assets other than inventory

    other assets $31,031

  • 7b · Less cost or other basis and sales expenses

    securities $81,643 · other assets $0

  • 7c · Gain or loss

    securities -$81,643 · other assets $31,031

  • 7d · Net gain or loss

    total -$50,612 · related or exempt -$50,612

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,135,000 · program services $1,135,000

  • 2 · Grants to domestic individuals

    total $108,015 · program services $108,015

  • 3 · Grants to foreign organizations and individuals

    total $3,162,000 · program services $3,162,000

  • 5 · Compensation of officers, directors and key employees

    total $569,437 · program services $173,768 · management and general $388,017 · fundraising $7,652

  • 7 · Other salaries and wages

    total $579,218 · program services $526,449 · fundraising $52,769

  • 9 · Other employee benefits

    total $101,317 · program services $29,700 · management and general $71,617

  • 10 · Payroll taxes

    total $143,695 · program services $118,930 · management and general $20,458 · fundraising $4,307

  • 11a · Fees: management

    total $97,572 · program services $89,083 · management and general $8,489

  • 11b · Fees: legal

    total $281,217 · program services $29,295 · management and general $238,663 · fundraising $13,259

  • 11c · Fees: accounting

    total $223,712 · program services $108,284 · management and general $115,428

  • 11g · Fees: other

    total $783,898 · program services $349,796 · management and general $411,853 · fundraising $22,249

  • 12 · Advertising and promotion

    total $115 · management and general $115

  • 13 · Office expenses

    total $29,974 · program services $722 · management and general $29,252

  • 14 · Information technology

    total $27,972 · program services $9,470 · management and general $9,795 · fundraising $8,707

  • 16 · Occupancy

    total $17,476 · program services $12,250 · management and general $5,226

  • 17 · Travel

    total $61,378 · program services $24,876 · management and general $36,502

  • 22 · Depreciation, depletion and amortization

    total $917 · management and general $917

  • 24a · Other expenses: PRODUCTION

    total $71,578 · program services $71,578

  • 24b · Other expenses: MISCELLANEOUS

    total $63,625 · management and general $63,625

  • 24c · Other expenses: GATHER VENTURES - OPERA

    total $52,802 · program services $52,802

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $35,852 · management and general $35,852

  • 24e · All other expenses

    total $87,339 · program services $47,816 · management and general $36,535 · fundraising $2,988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $474,770 · end of year $172,491

  • 2 · Savings and temporary cash investments

    beginning of year $22,519,719 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $12,875,000 · end of year $269,197

  • 4 · Accounts receivable

    beginning of year $260,322 · end of year $414,849

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $1,050,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,277 · end of year $9,462

  • 10a · Land, buildings and equipment: cost or other basis

    $4,083

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,143

  • 10c · Land, buildings and equipment, net

    beginning of year $1,441 · end of year $2,940

  • 11 · Investments: publicly traded securities

    beginning of year $12,643,271 · end of year $34,043,575

  • 12 · Investments: other securities

    beginning of year $9,107,379 · end of year $16,025,277

  • 15 · Other assets

    beginning of year $0 · end of year $1,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,013,261 · end of year $714,542

  • 18 · Grants payable

    beginning of year $5,489,803 · end of year $3,584,618

  • 25 · Other liabilities

    beginning of year $6,215 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $32,390,295 · end of year $30,714,574

  • 28 · Net assets with donor restrictions

    beginning of year $18,999,605 · end of year $16,975,277

Mission and programs · 2023

Mission

CLF INVESTS IN CLIMATE JUSTICE AND CLIMATE RESILIENCE INITIATIVES IN THE CARIBBEAN & UNITED STATES AND HELPS COMMUNITIES PREPARE FOR AND WITHSTAND NATURAL DISASTERS.

  • CLIMATE RESILIENCE & EMERGENCY RESPONSE - OUR CLIMATE RESILIENCE INITIATIVE (CRI) IS FOCUSED ON INVESTING IN EMERGENCY PREPAREDNESS AND CLIMATE ADAPTATION OF HEALTH, SHELTER AND COMMUNICATION PROJECTS ACROSS THE CARIBBEAN.

    Expenses $2,690,717 · Grants $2,648,797

  • CLIMATE JUSTICE - OUR CLIMATE JUSTICE PILLAR SUPPORTS ORGANIZATIONS IN THE U.S. AND CARIBBEAN FOCUSED ON REIMAGINING AND IMPLEMENTING SHORT AND LONG-TERM SOLUTIONS FOR CLIMATE IMPACTS. THESE ORGANIZATIONS INTEGRATE CULTURAL CONSIDERATIONS INTO DECISION-MAKING, AND WORK TO ADVANCE ENVIRONMENTAL AND RACIAL JUSTICE CAUSES.

    Expenses $620,267 · Grants $51,000

  • LEGACY - WE SUPPORT A VARIETY OF INITIATIVES IN BARBADOS INCLUDING CLIMATE RESILIENCE PROJECTS FOR LOCAL SCHOOLS AND HEALTH CLINICS, A SCHOLARSHIP PROGRAM, AND ONGOING SUPPORT FOR OUR VERY FIRST PARTNER THE QUEEN ELIZABETH HOSPITAL.

    Expenses $1,395,956 · Grants $695,402

  • Expenses $1,342,894 · Grants $1,009,816

As filed on the 2023 return.

Listed in Part VII

  • Robyn R Fenty

    FOUNDER

    Total calculated
    $0
    Hours/week
    3

  • Mai Lassiter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kawanna Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Cheryl Alston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jay Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Monica Fenty Braithwaite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lukas Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tamara Larsen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jessie Schutt-Aine

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Justine Lucas Through 042023

    EXECUTIVE DIRECTOR

    Total calculated
    $247,429
    From this org
    $241,685
    From related orgs
    $0
    Other
    $5,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $61,207
    Bonus
    $0
    Other
    $180,478
    Deferred
    $1,790
    Nontaxable benefits
    $3,954
    Filer's total
    $247,429

  • Ivan Rosales

    CHIEF FINANCIAL AND OPERATING OFFICER

    Total calculated
    $263,463
    From this org
    $237,500
    From related orgs
    $0
    Other
    $25,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,500
    Bonus
    $17,000
    Other
    $0
    Deferred
    $10,038
    Nontaxable benefits
    $15,925
    Filer's total
    $263,463

  • Jo Opot From 042023

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $90,252
    From this org
    $90,252
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GATHER VENTURES LIMITED

    PROGRAM ADVISORY SERVICES · KE · income $36,860 · assets $146,756

    Directly controlled by THE CLARA LIONEL FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349318152

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