2024-11-15T14:25:17-06:00 2023-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2023-01-01 455620521 THE CLARA LIONEL FOUNDATION CLAR 2122023230 CO FFO 545 FIFTH AVENUE 1103 NEW YORK NY 10017 IVAN ROSALES CFO 2122023230 2024-11-15 1 0 FREDERICK E DAVIS JR P00446023 2127094500 2024-11-15 2023 2024-10-15 13:58:12Z MAI LASSITER 545 FIFTH AVE STE 1103 NEW YORK NY 10017 2962006 0 X WWW.CLARALIONELFOUNDATION.ORG X 2012 CA CLF INVESTS IN CLIMATE JUSTICE AND CLIMATE RESILIENCE INITIATIVES IN THE CARIBBEAN & UNITED STATES AND HELPS COMMUNITIES PREPARE FOR AND WITHSTAND NATURAL DISASTERS. 9 9 8 9 0 0 28175469 1266815 0 0 485553 1613548 70250 0 28731272 2880363 17596654 4405015 0 0 1090182 1393667 0 0 111931 1567289 1835427 20254125 7634109 8477147 -4753746 57899179 51989011 6509279 4299160 51389900 47689851 CLF INVESTS IN CLIMATE JUSTICE AND CLIMATE RESILIENCE INITIATIVES IN THE CARIBBEAN & UNITED STATES AND HELPS COMMUNITIES PREPARE FOR AND WITHSTAND NATURAL DISASTERS. 0 0 2690717 2648797 0 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. 620267 51000 0 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. 1395956 695402 0 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. 1342894 1009816 0 1342894 1009816 6049834 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 10 0 1 8 1 0 1 KE 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY X IVAN ROSALES 2122023230 545 FIFTH AVENUE SUITE 1103 NEW YORK NY 10017 ROBYN R FENTY FOUNDER 3.00 0.00 X 0 0 0 MAI LASSITER DIRECTOR 3.00 0.00 X 0 0 0 KAWANNA BROWN DIRECTOR 3.00 0.00 X 0 0 0 CHERYL ALSTON DIRECTOR 3.00 0.00 X X 0 0 0 JAY BROWN DIRECTOR 3.00 0.00 X 0 0 0 MONICA FENTY BRAITHWAITE DIRECTOR 3.00 0.00 X 0 0 0 LUKAS HAYNES DIRECTOR 3.00 0.00 X 0 0 0 TAMARA LARSEN PRESIDENT 3.00 0.00 X X 0 0 0 JESSIE SCHUTT-AINE VICE PRESIDENT 3.00 0.00 X X 0 0 0 JUSTINE LUCAS THROUGH 042023 EXECUTIVE DIRECTOR 40.00 0.00 X 241685 0 5744 IVAN ROSALES CHIEF FINANCIAL AND OPERATING OFFICER 40.00 0.00 X 237500 0 25963 JO OPOT FROM 042023 INTERIM EXECUTIVE DIRECTOR 20.00 0.00 X 90252 0 0 569437 0 31707 2 0 1 0 SPENCER STUART PO BOX 98991 CHICAGO IL 06063 RECRUITMENT 150846 1 1266815 1266815 1664160 1664160 31031 81643 0 -81643 31031 -50612 -50612 2880363 -50612 0 1664160 X 1135000 1135000 108015 108015 3162000 3162000 569437 173768 388017 7652 579218 526449 52769 101317 29700 71617 143695 118930 20458 4307 97572 89083 8489 281217 29295 238663 13259 223712 108284 115428 783898 349796 411853 22249 115 115 29974 722 29252 27972 9470 9795 8707 17476 12250 5226 61378 24876 36502 917 917 PRODUCTION 71578 71578 MISCELLANEOUS 63625 63625 GATHER VENTURES - OPERA 52802 52802 PROFESSIONAL DEVELOPMEN 35852 35852 87339 47816 36535 2988 7634109 6049834 1472344 111931 474770 172491 22519719 0 12875000 269197 260322 414849 0 1050000 17277 9462 4083 1143 1441 2940 12643271 34043575 9107379 16025277 0 1220 57899179 51989011 1013261 714542 5489803 3584618 6215 0 6509279 4299160 X 32390295 30714574 18999605 16975277 51389900 47689851 57899179 51989011 X -4753746 1251195 40762 -225579 -12681 X 0 1 X 1 0 X 8152759 51549018 23306254 28175469 1307577 112491077 8152759 51549018 23306254 28175469 1307577 112491077 971288 111519789 219641 254630 290255 602808 1664160 3031494 70250 70250 115592821 0.96480 0.98060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4083 1143 2940 2940 CORPORATE & GOVERMENT BONDS 1838639 F MUNICIPAL BONDS 885420 F GOVERNMENT SECURITIES 1949898 F INTEREST BEARING CASH 65036 F MONEY MARKET (MUTUAL FUNDS) 11286284 F 16025277 X 3946741 1251195 40762 -225579 1066378 2880363 0 2880363 7634109 0 7634109 0 7634109 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE UNCERTAIN TAX POSITIONS TAKEN BY THE FOUNDATION. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE FOUNDATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: MANAGEMENT FEES -225,579. 1 SUB-SAHARAN AFRICA 0 1 GRANTMAKING INVESTMENTS & GRANTS 1427356 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 1 PROGRAM SERVICES INFRASTRUCTURE IMPROVEMENT 1703389 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 1 GRANTMAKING INVESTMENTS & GRANTS 161402 0 3 0 0 0 3 3292147 0 3292147 CENTRAL AMERICA AND THE CARIBBEAN GENERAL SUPPORT 51000 ELECTRONIC FUND OR WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN GENERAL SUPPORT 10402 ELECTRONIC FUND OR WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN GENERAL SUPPORT 100000 ELECTRONIC FUND OR WIRE TRANSFER 0 SUB-SAHARAN AFRICA TO SUPPORT GENDER AND CLIMATE FELLOWSHIP 445000 ELECTRONIC FUND OR WIRE TRANSFER 0 SUB-SAHARAN AFRICA FOR TECHNICAL SUPPORT 250000 ELECTRONIC FUND OR WIRE TRANSFER 0 SUB-SAHARAN AFRICA TO SETUP AND OPERATIONALIZE BLOCK FARMING 22048 ELECTRONIC FUND OR WIRE TRANSFER 0 SUB-SAHARAN AFRICA TO CATALYZE CLIMATE RESILIENT SOLUTIONS 175000 ELECTRONIC FUND OR WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN FOR CLIMATE RESILIENCE PROJECT 1001208 ELECTRONIC FUND OR WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN FOR CLIMATE RESILIENCE PROJECT 490714 ELECTRONIC FUND OR WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN FOR CLIMATE RESILIENCE PROJECT 57639 ELECTRONIC FUND OR WIRE TRANSFER 0 3 7 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 1 9753 ELECTRONIC FUND OR WIRE TRANSFER 0 0 1 0 0 0 PART I, LINE 2: ONCE SELECTED FOR A CLF GRANT, ORGANIZATIONS ARE ASKED TO FILL OUT AN APPLICATION FORM AND PROVIDE DETAILED PROJECT AND ORGANIZATIONAL BUDGETS. CLF ASKS GRANTEES TO SUBMIT REPORTS ANNUALLY AND ASKS FOR INTERIM UPDATES INCLUDING METRICS AND PHOTOS TO ENSURE ONGOING ACCOUNTABILITY AROUND FUNDS USE. FOR MORE COMPLEX, MULTI-PARTNER PROJECTS, CLF TRACKS AND MONITORS FUNDS USE AND PROGRESS THROUGH REAL TIME TEAM TRACKERS AND SHARED WORKSPACES. CLF ALSO COLLABORATES WITH GRANTEES AROUND TRANSPARENCY AND SHARING OF PROJECTS VIA PUBLIC STORYTELLING THROUGHOUT THE YEAR. 1 INTERNEWS PO BOX 4448 ARCATA CA 95518 943027961 350000 0 TO SUPPORT COMMS PROJECT IN BARBADOS AND DOMINICA ST BONIFACE HAITI FOUNDATION 40 GLEN AVE NEWTON MA 02459 043067595 200000 0 TO SUPPORT CLIMATE RESILIENCE UPGRADES BRAVEN 100 N LA SALLE STREET CHICAGO IL 60602 464340594 200000 0 FOR GENERAL SUPPORT BROOKLYN WORKFORCE INNOVATIONS 621 DEGRAW STREET BROOKLYN NY 11217 113111694 200000 0 FOR GENERAL SUPPORT AMERICAN CANCER SOCIETY 3380 CHASTAIN MEADOWS PKWY NW KENNESAW GA 30114 131788491 90000 0 TO SUPPORT PREVENTION AND SCREENING INTERVENTIONS BLACK TRANS FEMMES IN THE ARTS INC 141 FLUSHING AVE BROOKLYN NY 11205 863019346 55000 0 FOR GENERAL SUPPORT HETRICK MARTIN INSTITUTE 2 ASTOR PLACE NEW YORK NY 10003 133104537 35000 0 FOR GENERAL SUPPORT 8 SCHOLARSHIPS 4 108015 PART I, LINE 2: THE ORGANIZATION REQUIRES ALL GRANTEES TO SUBMIT PERIODIC REPORTS THAT OUTLINE WHAT THEY HAVE ACCOMPLISHED DURING THE GRANT PERIOD, INCLUDING FINANCIAL REPORTS ON HOW THE FUNDS HAVE BEEN SPENT. THE ORGANIZATION ALSO CONDUCTS SITE VISITS FOR CERTAIN PROJECTS. THE ORGANIZATION IS ALSO IN REGULAR CONTACT WITH GRANTEES THROUGHOUT THE GRANT TERM. DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS THE ORGANIZATION PROVIDES COLLEGE SCHOLARSHIPS TO QUALIFIED STUDENTS THROUGH INTERNATIONAL SCHOLARSHIP TUITION SERVICES, INC. STUDENTS APPLY ONLINE BY FILLING OUT AN APPLICATION PACKAGE AND WRITING AN ESSAY. CANDIDATES ARE SELECTED BY A TEAM COMPRISED STAFF MEMBERS OF THE FOUNDATION. THE SCHOLARSHIP AWARD IS PAID DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. X 0 0 0 0 0 0 0 0 0 JUSTINE LUCAS THROUGH 042023 EXECUTIVE DIRECTOR 61207 0 0 0 180478 0 1790 0 3954 0 247429 0 0 0 IVAN ROSALES CHIEF FINANCIAL AND OPERATING OFFICE 220500 0 17000 0 0 0 10038 0 15925 0 263463 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 EXPLANATION: MONICA FENTY, A DIRECTOR OF THE ORGANIZATION, IS THE MOTHER OF ROBYN RIHANNA FENTY, A DIRECTOR OF THE ORGANIZATION. JAY BROWN, A DIRECTOR OF THE ORGANIZATION, AND KAWANNA BROWN, A DIRECTOR OF THE ORGANIZATION ARE HUSBAND AND WIFE. BUSINESS RELATIONSHIPS: JAY BROWN, A DIRECTOR OF THE ORGANIZATION, HAS A BUSINESS RELATIONSHIP WITH ROBYN RIHANNA FENTY, A DIRECTOR OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B EXPLANATION: FORM 990 IS SHARED WITH THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: EACH DIRECTOR, OFFICER, COMMITTEE MEMBER, AND KEY EMPLOYEE SUBMITS TO THE SECRETARY A DISCLOSURE STATEMENT NAMING THE ENTITIES CONDUCTING BUSINESS WITH THE FOUNDATION IN WHICH HE, SHE, OR A FAMILY MEMBER IS A DIRECTOR, TRUSTEE, OFFICER, COMMITTEE MEMBER, OR KEY EMPLOYEE OR HAS A MATERIAL FINANCIAL INTEREST. THE SECRETARY WILL REVIEW THE INFORMATION AND PERIODICALLY DISTRIBUTE REPORTS TO ALL DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, IN ADDITION TO BOARD MEMBERS, INCLUDES AN OUTSOURCED HR CONSULTING FIRM THAT PROVIDES CLF WITH INDUSTRY STANDARD COMPENSATION INFORMATION. FOR CERTAIN KEY HIRES, THE COMPENSATION COMMITTEE DISCUSSES AND APPROVES THE APPROPRIATE COMPENSATION. ON AN ANNUAL BASIS, THE HR FIRM REVIEWS COMPENSATION FOR KEY ROLES FOR REASONABLENESS COMPARED TO INDUSTRY STANDARDS AND PRESENTS ITS FINDINGS TO THE COMPENSATION COMMITTEE. THE COMMITTEE THEN DETERMINES IF THERE WILL BE ANY CHANGES TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 EXPLANATION: ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 327,546. MANAGEMENT AND GENERAL EXPENSES 255,194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 582,740. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 22,250. MANAGEMENT AND GENERAL EXPENSES 156,659. FUNDRAISING EXPENSES 22,249. TOTAL EXPENSES 201,158. FORM 990, PART XI, LINE 9: FOREIGN EXCHANGE TRANSLATION ADJUSTMENT -12,681. GATHER VENTURES LIMITED MARBLE VALLEY HOUSE 5 SHANZU ROAD WESTLAND DISTRICT KE 00800 999999999 PROGRAM ADVISORY SERVICES KE 36860 146756 THE CLARA LIONEL FOUNDATION