Clara Lionel Foundation
- Assets
- $44.1m
- Revenue
- $23.6m
- Investments
- $9.8m
- Employees
- 3
- Location
- New York, NY
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 45-5620521
Organization Overview
Clara Lionel Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Clara Lionel Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clara Lionel 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 12/2021, Clara Lionel Foundation generated $23.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $8.9m during the year ending 12/2021. While expenses have increased by 15.5% 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 2014, Clara Lionel Foundation has awarded 164 individual grants totaling $42,595,194. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLF INVESTS IN CLIMATE JUSTICE INITIATIVES IN THE CARIBBEAN & UNITED STATES AND HELPS COMMUNITIES PREPARE FOR AND WITHSTAND NATURAL DISASTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIMATE RESILIENCE & EMERGENCY RESPONSE - WE SEEK TO BRIDGE THE HUMANITARIAN AND CLIMATE SECTORS IN ORDER TO ALLEVIATE POVERTY AND BUILD RESILIENCE. AT THE HEART OF THIS WORK IS OUR CLIMATE RESILIENCE INITIATIVE A STRATEGIC VEHICLE FOCUSED ON INVESTING PHILANTHROPIC DOLLARS ACROSS MULTIPLE DIMENSIONS OF EMERGENCY PREPAREDNESS WHILE SCALING CLIMATE CHANGE SOLUTIONS ACROSS THE CARIBBEAN. BY INVESTING IN PREPAREDNESS AND WORKING WITH ON-THE-GROUND PARTNERS, WE ARE ENABLING MORE COMMUNITIES TO BETTER WITHSTAND NATURAL DISASTERS BEFORE THEY HIT.
CLIMATE JUSTICE - WE BELIEVE IN THE POWER OF COLLECTIVE ACTION TO COMBAT RACIAL AND SOCIOECONOMIC DISPARITIES SO THAT ALL PEOPLE CAN THRIVE, NO MATTER WHERE THEY LIVE. WE SUPPORT GRASSROOTS ORGANIZATIONS FIGHTING FOR SYSTEMS AND POLICY CHANGE ON BEHALF OF BIPOC POPULATIONS IN ORDER TO BUILD A MORE EQUITABLE FUTURE FOR ALL, NOT JUST SOME.
LEGACY - AS A THROUGHLINE OF THESE CORE STRATEGIC PILLARS IS A THIRD STRATEGIC FOCUS: THE CONTINUATION OF OUR LEGACY PROJECTS PORTFOLIO. THE ORIGIN STORY OF OUR LEGACY WORK BEGAN IN BARBADOS WITH AN INAUGURAL GRANT TO THE QUEEN ELIZABETH HOSPITAL AND HAS CONTINUED TO TAKE ITS CUES FROM OUR FOUNDER'S DEDICATION TO UNLOCKING THE POTENTIAL OF UNDERSERVED COMMUNITIES, PARTICULARLY WOMEN AND CHILDREN, IN HER NATIVE CARIBBEAN COUNTRY AND THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Lucas Exe. Director | Officer | 40 | $233,343 |
Martha Fiona Korwin-Pawlowski Senior Program Director | Officer | 40 | $155,000 |
Mai Lassiter President | OfficerTrustee | 3 | $0 |
Tamara Larsen Treasurer | OfficerTrustee | 3 | $0 |
Kawanna Brown Vice President | OfficerTrustee | 3 | $0 |
Jessie Schutt-Aine Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Special Occasions Event Planning Llc Outside Services | 12/30/19 | $425,670 |
Gc Ballroom Operator Llc Outside Services | 12/30/19 | $218,274 |
Petals La Outside Services | 12/30/19 | $113,540 |
Special Occasions Event Planning Llc Outside Services | 12/30/19 | $425,670 |
Gc Ballroom Operator Llc Outside Services | 12/30/19 | $218,274 |
Petals La Outside Services | 12/30/19 | $113,540 |
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 | $23,306,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,306,254 |
| Total Program Service Revenue | $0 |
| Investment income | $290,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,596,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,764,304 |
| Grants and other assistance to domestic individuals. | $97,732 |
| Grants and other assistance to Foreign Orgs/Individuals | $626,565 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,344 |
| Compensation of current officers, directors, key employees. | $85,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,122 |
| Payroll taxes | $28,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,450 |
| Fees for services: Accounting | $108,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,836 |
| Fees for services: Other | $420,806 |
| Advertising and promotion | $12,950 |
| Office expenses | $20,235 |
| Information technology | $7,304 |
| Royalties | $0 |
| Occupancy | $5,775 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,481 |
| Insurance | $0 |
| All other expenses | $21,414 |
| Total functional expenses | $8,907,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,602 |
| Savings and temporary cash investments | $5,207,793 |
| Pledges and grants receivable | $15,026,010 |
| Accounts receivable, net | $255,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,619 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,878,331 |
| Investments—other securities | $9,824,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,086,810 |
| Accounts payable and accrued expenses | $114,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $114,200 |
| Net assets without donor restrictions | $9,026,340 |
| Net assets with donor restrictions | $34,946,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,086,810 |
Grants Awarded
Over the last fiscal year, Clara Lionel Foundation has awarded $6,764,304 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
SPONSORS FOR EDUCATIONAL OPPORTUNITY PURPOSE: TO SUPPORT LEGACY-RELATED PROJECTS | $750,000 |
Boulder, CO PURPOSE: TO SUPPORT CLIMATE RESILIENCE INITIATIVES | $404,738 |
San Francisco, CA PURPOSE: TO SUPPORT LEGACY-RELATED PROJECTS | $400,000 |
Los Angeles, CA PURPOSE: TO SUPPORT LEGACY-RELATED PROJECTS | $312,500 |
New York, NY PURPOSE: TO SUPPORT LEGACY-RELATED PROJECTS | $300,000 |
Towson, MD PURPOSE: TO SUPPORT LEGACY-RELATED PROJECTS | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clara Lionel Foundation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |