Clementine Lockwood Peterson Foundation

Organization Overview

Clementine Lockwood Peterson Foundation is located in Stamford, CT. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Clementine Lockwood Peterson 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 03/2022, Clementine Lockwood Peterson Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.6m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF THE GREENWICH LIBRARY WING, THE CONSTRUCTION OF WHICH WAS FUNDED BY THE TRUST.

Describe the Organization's Program Activity:

CLEMENTINE LOCKWOOD PETERSON FOUNDATION (THE TRUST) FUNDED THE PURCHASE OF LAND AND THE CONSTRUCTION OF A NEW WING OF THE GREENWICH LIBRARY IN THE 1990'S TO HOUSE THE LIBRARY'S BUSINESS SECTION AND RECORDED MUSIC DEPARTMENT. DURING THE FISCAL YEAR ENDING 3/31/22, THE TRUST FUNDED ALL OF THE WING'S MAINTENANCE AND OPERATING EXPENSES, AS WELL AS CAPITAL REPAIRS TO THE FACILITY, AS REVIEWED AND APPROVED BY THE TRUSTEES AND THE LIBRARY'S BOARD.


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Board, Officers & Key Employees

Name (title)Compensation
F Michael Donohue IV
Trustee
$58,716
D Mark Gaston
Trustee
$58,716
Howard S Tuthill III
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cummings & Lockwood Llc
H.s. Tuthill Iii Trustee Fee
$58,716
Cummings & Lockwood Llc
Legal & Accounting
$48,814
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $727,276
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,701,685
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,526,885

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