Civic Intelligence

The Clara Lionel Foundation

990 • Fiscal year 2023 • EIN 45-5620521

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

CO Ffo 545 Fifth Avenue 1103New York, NY 10017

(212) 202-3230

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.08x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.49x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Net Margin

9th percentile

-165%

Higher net margin than 9% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$263,463

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2023 filings • NTEE T • $50M-$100M nonprofits • Source year 2023

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-90%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • NTEE T • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Down

$51,989,011

Down $5,910,168 (-10%) from 2022

Net Assets

Down

$47,689,851

Down $3,700,049 (-7.2%) from 2022

Liabilities

Down

$4,299,160

Down $2,210,119 (-34%) from 2022

Revenue

Down

$2,880,363

Down $25,850,909 (-90%) from 2022

Expenses

Down

$7,634,109

Down $12,620,016 (-62%) from 2022

Net Income

Down

-$4,753,746

Down $13,230,893 (-156%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2012: $51,493Liabilities 2012: $02012Assets 2014: $1,641,020Liabilities 2014: $0Net Assets 2014: $1,641,0202014Assets 2015: $4,158,415Liabilities 2015: $1,091,246Net Assets 2015: $3,067,1692015Assets 2016: $2,689,631Liabilities 2016: $30,123Net Assets 2016: $2,659,5082016Assets 2017: $5,563,218Liabilities 2017: $37,006Net Assets 2017: $5,526,2122017Assets 2018: $8,628,675Liabilities 2018: $27,014Net Assets 2018: $8,601,6612018Assets 2019: $11,749,384Liabilities 2019: $73,558Net Assets 2019: $11,675,8262019Assets 2020: $30,340,502Liabilities 2020: $798,051Net Assets 2020: $29,542,4512020Assets 2021: $44,086,810Liabilities 2021: $114,200Net Assets 2021: $43,972,6102021Assets 2022: $57,899,179Liabilities 2022: $6,509,279Net Assets 2022: $51,389,9002022Assets 2023: $51,989,011Liabilities 2023: $4,299,160Net Assets 2023: $47,689,8512023Assets 2024: $67,867,604Liabilities 2024: $2,850,596Net Assets 2024: $65,017,0082024

Highlighted filing

2023

Assets$51,989,011
Liabilities$4,299,160
Net Assets$47,689,851

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2012: $527,090Expenses 2012: $475,597Net Income 2012: $51,4932012Revenue 2014: $2,004,284Expenses 2014: $421,160Net Income 2014: $1,583,1242014Revenue 2015: $4,546,182Expenses 2015: $3,258,007Net Income 2015: $1,288,1752015Revenue 2016: $523,167Expenses 2016: $930,828Net Income 2016: -$407,6612016Revenue 2017: $5,268,975Expenses 2017: $2,402,271Net Income 2017: $2,866,7042017Revenue 2018: $5,053,073Expenses 2018: $1,961,664Net Income 2018: $3,091,4092018Revenue 2019: $6,709,700Expenses 2019: $3,870,223Net Income 2019: $2,839,4772019Revenue 2020: $51,804,365Expenses 2020: $34,203,622Net Income 2020: $17,600,7432020Revenue 2021: $23,596,509Expenses 2021: $8,907,323Net Income 2021: $14,689,1862021Revenue 2022: $28,731,272Expenses 2022: $20,254,125Net Income 2022: $8,477,1472022Revenue 2023: $2,880,363Expenses 2023: $7,634,109Net Income 2023: -$4,753,7462023Revenue 2024: $24,028,784Expenses 2024: $6,603,329Net Income 2024: $17,425,4552024

Highlighted filing

2023

Revenue$2,880,363
Expenses$7,634,109
Net Income-$4,753,746
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$2,962,006
Mission and Program Overview

Mission

To improve health and healthcare in barbados and support non-profit organization that address the needs of communities globally in the areas of health, education, arts and culture.

Clf invests in climate justice and climate resilience initiatives in the caribbean & united states and helps communities prepare for and withstand natural disasters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,643,271$34,043,575▲ $21,400,304
Savings and Temporary Cash Investments$22,519,719$0▼ $22,519,719
Investments Other Securities$9,107,379$16,025,277▲ $6,917,898
Other Notes and Loans Receivable, Net$0$1,050,000▲ $1,050,000
Accounts Receivable$260,322$414,849▲ $154,527
Pledges and Grants Receivable$12,875,000$269,197▼ $12,605,803
Cash and Non-Interest-Bearing Accounts$474,770$172,491▼ $302,279
Prepaid Expenses and Deferred Charges$17,277$9,462▼ $7,815
Land, Buildings, and Equipment, Net$1,441$2,940▲ $1,499
Total Assets$57,899,179$51,989,011▼ $5,910,168
Other Assets Total$0$1,220▲ $1,220
Liabilities
Grants Payable$5,489,803$3,584,618▼ $1,905,185
Accounts Payable and Accrued Expenses$1,013,261$714,542▼ $298,719
Other Liabilities$6,215$0▼ $6,215
Total Liabilities$6,509,279$4,299,160▼ $2,210,119
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,390,295$30,714,574▼ $1,675,721
Net Assets With Donor Restrictions$18,999,605$16,975,277▼ $2,024,328
Total Net Assets Fund Balance$51,389,900$47,689,851▼ $3,700,049
Total Liabilities and Net Assets / Fund Balance$57,899,179$51,989,011▼ $5,910,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,940$1,143$4,083
Other Securities$11,286,284--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ivan RosalesChief Financial and Operating OfficerFT$237,500$25,963$263,463
Ivan RosalesChief Financial and Operating Office-$220,500$42,963$263,463
Justine Lucas Through 042023Executive DirectorFT$61,207$186,222$247,429
Jo Opot From 042023Interim Executive DirectorPT$90,252-$90,252

Board Members and Trustees

NameTitle
Tamara LarsenPresident
Jessie Schutt-aineVice President
Cheryl AlstonDirector
Jay BrownDirector
Kawanna BrownDirector
Lukas HaynesDirector
Mai LassiterDirector
Monica Fenty BraithwaiteDirector
Robyn R FentyFounder

Highest Paid Contractors

ContractorServicesLocationCompensation
Spencer StuartRecruitmentPO BOX 98991, Chicago, IL 06063$150,846
Revenue and Support

Revenue Composition

Contributions and Grants
$1,266,815
Program Service Revenue
$0
Investment Income
$1,613,548
Other Revenue
$0
All Other Contributions
$1,266,815
Change in Net Assets
$-4,753,746

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,880,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,066,378
Total Revenue per Audited Statements
$3,946,741
Total Revenue per Form 990
$2,880,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,405,015
Other Expenses$1,835,427
Salaries, Compensation, and Employee Benefits$1,393,667
Total Fundraising Expense$111,931
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$3,162,000--$3,162,000
Grants to Domestic Orgs$1,135,000--$1,135,000
Fees for Services Other$349,796$411,853$22,249$783,898
Other Salaries and Wages$526,449-$52,769$579,218
Current Officers, Directors, Trustees, and Key Employees$173,768$388,017$7,652$569,437
Fees for Services Legal$29,295$238,663$13,259$281,217
Fees for Services Accounting$108,284$115,428-$223,712
Payroll Taxes$118,930$20,458$4,307$143,695
Grants to Domestic Individuals$108,015--$108,015
Other Employee Benefits$29,700$71,617-$101,317
Fees for Services Management$89,083$8,489-$97,572
All Other Expenses$47,816$36,535$2,988$87,339
Travel$24,876$36,502-$61,378
Other Expenses$52,802$35,852-$35,852
Office Expenses$722$29,252-$29,974
Information Technology$9,470$9,795$8,707$27,972
Occupancy$12,250$5,226-$17,476
Depreciation Depletion-$917-$917
Advertising-$115-$115
Total Functional Expenses$6,049,834$1,472,344$111,931$7,634,109

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,634,109
Total Expenses per Audited Statements$7,634,109
Total Expenses per Form 990$7,634,109
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
InternewsArcata, CA-To Support Comms Project in Barbados and Dominica$350,000
BravenChicago, IL-For General Support$200,000
Brooklyn Workforce InnovationsBrooklyn, NY-For General Support$200,000
St Boniface Haiti FoundationNewton, MA-To Support Climate Resilience Upgrades$200,000
American Cancer SocietyKennesaw, GA-To Support Prevention and Screening Interventions$90,000
Black Trans Femmes in the Arts IncBrooklyn, NY-For General Support$55,000
Hetrick Martin InstituteNew York, NY-For General Support$35,000

International Summary

Offices
0
Employees
3
Spending
$3,292,147

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServicesInfrastructure Improvement01$1,703,389
Sub-saharan AfricaGrantmakingInvestments & Grants01$1,427,356
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,GrantmakingInvestments & Grants01$161,402
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
The Clara Lionel Foundation
EIN
45-5620521
Phone
2122023230
Address
CO FFO 545 FIFTH AVENUE 1103, NEW YORK, NY 10017

Signing Officer

Name
Ivan Rosales
Title
CFO
Phone
2122023230
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mai Lassiter
Formed
2012
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
9

Preparer

Firm
Mitchell & Titus Llp
Address
80 PINE STREET 32ND FL, NEW YORK, NY 10005
Preparer
Frederick E Davis Jr
Phone
2127094500
Supplemental Narrative

Additional Explanations

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.

Financial Statement Notes

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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF FINANCIAL AND OPERATING OFFICER
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IRS990/MissionDesc0CLF INVESTS IN CLIMATE JUSTICE AND CLIMATE RESILIENCE INITIATIVES IN THE CARIBBEAN & UNITED STATES AND HELPS COMMUNITIES PREPARE FOR AND WITHSTAND NATURAL DISASTERS.
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