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Nonprofit · EIN 45-5620521

CLARA LIONEL FOUNDATION

Tax-exempt · NEW YORK, NY 10017

Financials

$2.9M$7.6M2023$24M$6.6M2024
Revenue Expenses · by fiscal year end
Financials of CLARA LIONEL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$24,028,784$6,603,329$17,425,455$67,867,604$2,850,596$65,017,008
December 31, 2023990$2,880,363$7,634,109-$4,753,746$51,989,011$4,299,160$47,689,851
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$21,417,253
Program service revenue
$0
Investment income
$2,615,213
Net gain from sales of assets
$857,748
Other revenue
-$3,682

Expenses

Grants and similar amounts paid
$3,232,629
Compensation of officers, directors and key employees
$792,567
Other salaries and wages
$561,973
Salaries, compensation and benefits (total)
$1,532,023
Professional fundraising fees
$0
Legal fees
$104,003
Accounting fees
$76,910
Occupancy
$30,436
Travel
$49,573
Depreciation
$1,729
Program services (functional)
$5,037,242
Management and general (functional)
$1,177,216
Fundraising (functional)
$388,871

Balance sheet and other

Total assets, start of year
$51,989,011
Total assets, end of year
$67,867,604
Total liabilities, end of year
$2,850,596
Net assets, end of year
$65,017,008
Land, buildings and equipment
$3,017
Publicly traded securities
$40,823,147
Net assets without donor restrictions
$33,751,729
Net assets with donor restrictions
$31,265,279
Gross receipts
$29,040,551
Employees
7
Volunteers
9
Year formed
2012
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MAI LASSITERINTERIM EXECUTIVE DIRECTOR/DIRECTOR
Officer
40$521,792$17,250
IVAN ROSALESCHIEF FINANCIAL AND OPERATING OFFICER
Officer
40$237,500$16,025
ROBYN R FENTYFOUNDER
Trustee or director
3$0$0
KAWANNA BROWNDIRECTOR
Trustee or director
3$0$0
CHERYL ALSTONDIRECTOR
Trustee or director, Officer
3$0$0
JAY BROWNDIRECTOR
Trustee or director
3$0$0
MONICA FENTY BRAITHWAITEDIRECTOR
Trustee or director
3$0$0
LUKAS HAYNESDIRECTOR
Trustee or director
3$0$0
TAMARA LARSENPRESIDENT
Trustee or director, Officer
3$0$0
JESSIE SCHUTT-AINEVICE PRESIDENT
Trustee or director, Officer
3$0$0
JO OPOT THROUGH 012024INTERIM EXECUTIVE DIRECTOR
Officer
20$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
IVAN ROSALESCHIEF FINANCIAL AND OPERATING OFFICER
Officer
40$237,500$25,963
JUSTINE LUCAS THROUGH 042023EXECUTIVE DIRECTOR
Officer
40$241,685$5,744
JO OPOT FROM 042023INTERIM EXECUTIVE DIRECTOR
Officer
20$90,252$0
ROBYN R FENTYFOUNDER
Trustee or director
3$0$0
MAI LASSITERDIRECTOR
Trustee or director
3$0$0
KAWANNA BROWNDIRECTOR
Trustee or director
3$0$0
CHERYL ALSTONDIRECTOR
Trustee or director, Officer
3$0$0
JAY BROWNDIRECTOR
Trustee or director
3$0$0
MONICA FENTY BRAITHWAITEDIRECTOR
Trustee or director
3$0$0
LUKAS HAYNESDIRECTOR
Trustee or director
3$0$0
TAMARA LARSENPRESIDENT
Trustee or director, Officer
3$0$0
JESSIE SCHUTT-AINEVICE PRESIDENT
Trustee or director, Officer
3$0$0

Address and contacts

Address (IRS master file)
CO FFO 545 FIFTH AVENUE 1103, NEW YORK, NY 10017-0000
In care of
% MILES COOLEY
Principal officer (990 for 2024)
JESSIE SCHUTT-AINE, 545 FIFTH AVE STE 1103, NEW YORK, NY 10017
Signed the 990
MICHAEL CENTOR, INTERIM DIRECTOR OF FINANCE
Phone
(212) 202-3230
Return prepared by
MITCHELL & TITUS LLP

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • 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 $2,279,858 · grants $1,630,064
  • CLIMATE SOLUTIONS - OUR CLIMATE SOLUTIONS 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 CAUSES.
    Expenses $1,074,100 · grants $581,000
  • 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 $1,086,177 · grants $792,424
  • Expenses $597,107 · grants $229,141

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-5620521
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$67,867,604
Income (IRS master file)
$29,040,551

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$24,028,784$6,603,329$67,867,604XML
990December 2023$2,880,363$7,634,109$51,989,011XML
990December 2022$28,731,272$20,254,125$57,899,179IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5620521).

Questions about CLARA LIONEL FOUNDATION

What is the EIN of CLARA LIONEL FOUNDATION?
The employer identification number (EIN) of CLARA LIONEL FOUNDATION is 45-5620521.
Is CLARA LIONEL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to CLARA LIONEL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLARA LIONEL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CLARA LIONEL FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CLARA LIONEL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CLARA LIONEL FOUNDATION?
The 990 for the year ended December 31, 2024 names JESSIE SCHUTT-AINE.
Who are the officers and directors of CLARA LIONEL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $521,792 (MAI LASSITER, INTERIM EXECUTIVE DIRECTOR/DIRECTOR).
How much revenue does CLARA LIONEL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $24,028,784, expenses of $6,603,329 and total assets of $67,867,604 at year end.

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