2015-11-16T13:57:53-06:00 2014-12-31 010720052 MORRISON BROWN ARGIZ & FARRA LLC 1450 BRICKELL AVENUE 18TH FLOOR MAIMI FL 33131 990 2014-01-01 455620521 THE CLARA LIONEL FOUNDATION CLAR 3102732770 MBAF1450 BRICKELL AVENUE 18TH FL MIAMI FL 33131 ROBYN R FENTY PRESIDENT 3102802061 2015-11-13 1 KASHYAP BAKHAI P00120352 3053735500 2014 2016-02-25 16:41:14Z X ROBYN R FENTY 11601 WILSHIRE BLVD - SUITE 1840 LOS ANGELES CA 90025 2968555 0 X WWW.CLARALIONELFOUNDATION.ORG X 2012 CA 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. 5 1 0 0 0 0 517202 2968555 0 0 0 0 0 -964271 517202 2004284 462884 62129 0 0 0 0 0 0 0 47915 359031 510799 421160 6403 1583124 57896 1641020 0 0 57896 1641020 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. 0 0 39000 39000 GRANTS OR CONTRIBUTIONS MADE TO U.S. ORGANIZATIONS WHICH ARE EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE CODE, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES TAX LAW. 58900 23129 THE ORGANIZATION HAS ESTABLISHED THE CLARA LIONEL FOUNDATION SCHOLARSHIP PROGRAM, AN INTERNATIONAL SCHOLARSHIP PROGRAM THAT PROVIDES COLLEGE SCHOLARSHIP TO HIGHLY MOTIVATED YOUTH NATIVE OF THE CARIBBEAN WHO HAVE BEEN ACCEPTED INTO A BACHLOR'S DEGREE PROGRAM AT ANY COLLEGE OR UNIVERSITY IN THE WORLD. 97900 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 5 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 CA X FLYNN FAMILY OFFICE 3102802061 11601 WILSHIRE BLVD - SUITE 1840 LOS ANGELES CA 90025 X ROBYN R FENTY DIRECTOR & PRESIDENT 1.50 X 0 0 0 JAY BROWN CFO 0.00 X 0 0 0 MONICA FENTY DIRECTOR 0.00 X 0 0 0 KAWANNA BROWN DIRECTOR 0.00 X 0 0 0 MAI LASSITER DIRECTOR 0.00 X 0 0 0 TOWALANE AUSTIN FORMER BOARD MEMBER 30.00 X 0 145692 0 0 145692 0 0 1 0 0 REED SMITH LLP PO BOX 10096 UNIONDALE NY 11555 LEGAL 253635 COMPASS GROUP USA INC 6801 HOLLYWOOD BLVD SUITE 513 LOS ANGELES CA 90028 CATERING 217359 SPECIAL OCCASIONS EVENT PLANNING 8453 S SANTA MONICA BLVD 11 WEST HOLLYWOOD CA 90069 EVENT PLANNER 148286 3 2437495 531060 2968555 0 2437495 964271 -964271 -964271 2004284 0 0 -964271 39000 39000 23129 23129 254833 35771 219062 3340 3340 6306 6306 18 18 OUTSIDE SERVICES 87415 87415 WEBSITE EXPENSE 6500 6500 LICENSE & TAXES 619 619 421160 97900 323260 0 57896 1626020 15000 57896 1641020 0 0 X 0 0 0 0 57896 1641020 57896 1641020 57896 1641020 1583124 0 X X 0 1 X 1 0 X 11050 50020 938555 999625 11050 50020 938555 999625 999625 999625 X PART II, SHORT YEAR EXPLANATION: SHORT TAX YEAR: EXPLANATION: BECAUSE THIS IS THE ORGANIZATION'S THIRD TAX YEAR, FORM 990 FOR A SHORT TAX YEAR WAS FILED IN 2012. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3810470 -22390 864305 841915 2968555 -964271 -964271 2004284 1976378 -112995 1668213 1555218 421160 0 421160 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE MANAGEMENT OF THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAVE CONCLUDED THAT AS OF DECEMBER 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTION NOT RECEIVED AS OF DECEMBER 31,2014 864,305. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -964,271. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACCRUED EXPENSES 703,942. DIRECT FUNDRAISING EXPENSES 964,271. 0 CENTRAL AMERICA AND THE CARRIBEAN 0 0 SCHOLARSHIP SCHOLARSHIP PROGRAM FOR COLLEGE AGE RESIDENTS OF THE CARRIBEAN COUNTRIES. 23128 0 0 0 0 0 0 23128 0 23128 SCHOLARSHIP 1 23128 0 0 0 0 0 0 X 0 CITY OF BERVERLY HILLS POLICE DEPARTMENT 464 NORTH REXFORD DRIVE BEVERLY HILLS CA 90210 DIAMOND BALL FUNDRAISER 0 2437495 0 2437495 2437495 2437495 DIAMOND BALL 2437495 2437495 462530 217359 56321 228061 2437495 2437495 462530 217359 56321 228061 964271 -964271 1 LOS ANGELES POLICE FOUNDATION 515 S FLOWER STREET SUITE 1680 LOS ANGELES CA 90071 954700442 25000 GENERAL SUPPORT URBAN ZEN FOUNDATION 705 GREENWICH STREET 3RD FLOOR NEW YORK NY 10107 261872027 8000 TO BE DONATED TO ORGANIZATIONS IN HAITI 2 2 PART I, LINE 2: EXPLANATION: THE ORGANIZATION KEEPS A WRITTEN RECORD OF EACH GRANT MADE BY IT, WHICH INCLUDES THE NAME AND ADDRESS OF THE RECIPIENT ORGANIZATION, THE DATE OF THE CONTRIBUTION, THE AMOUNT OF THE CONTRIBUTION, AND ANY ADDITIONAL INFORMATION RELATING TO THE RECIPIENT ORGANIZATION. THE BOARD OF DIRECTORS SELECTS THE RECIPIENT ORGANIZATION AND DETERMINES THE AMOUNT OF EACH CHARITABLE CONTRIBUTION, AND WHETHER THE ORGANIZATION WILL ENTER INTO A GRANT AGREEMENT WITH THE RECIPIENT ORGANIZATION. 0 0 0 0 0 0 0 0 0 TOWALANE AUSTIN FORMER BOARD MEMBER 0 0 0 0 0 145692 0 0 0 0 0 145692 0 0 JAY BROWN AN OFFICER OF ROC NATION AND AN OFFICER AND DIRECTOR OF THE FOUNDATION. DESCRIPTION OF TRANSACTION: THE EMPLOYEE LEASING AGREEMENT IS WITH ROC NATION. PURSUANT TO AN EMPLOYEE LEASING AGREEMENT, ROC NATION, LLC A CALIFONIA LIMITED LIABILITY COMPANY ("ROC NATION") PROVIDES THE CONSULTING SERVICES OF TOWALANE AUSTIN TO THE ORGANIZATION, AND THE ORGANIZATION REIMBURSES ROC NATION FOR A PORTION OF THE COMPENSATION PAID BY ROC NATION TO TOWALANE AUSTIN ON A BI-MONTHLY BASIS. ROC NATION IS A FULL-SERICE ENTERTINMENT COMPANY. INCLUSIVE OF ARTIST, SONGWRTER, PRODUCER AND ENGINEER MANAGEMENT, MUSIC PUBLISHING, TOURING & MERCHANDISING, FILM & TELEVISION, NEW BUSINESS VENTURES, AND A MUSIC LABEL. MS. AUSTIN, AS AN EMPLOYEE OF ROC NATION, RENDERS CONSULTING SERVICES TO THE ORGANIZATION BY ASSISTING THE ORGANIZATION WITH FUNDRAISING AND BY IDENTIFYING POTENTIAL CHARITABLE OR EDUCATIONAL PROGRAMS FOR THE ORGANIZATION TO SUPPORT. 0 X 443510 FMV 0 0 1 FORM 990, PART VI, SECTION A, LINE 2 EXPLANATION: MONICA FENTY, A DIRECTOR OF THE ORGANIZATION, IS THE MOTHER OF ROBYN RIHANNA FENTY, AN OFFFICER AND DIRECTOR OF THE ORGANIZATION. JAY BROWN , AN OFFICE AND DIRECTOR OF THE ORGANIZATION, AND KAWANNA BROWN, A DIRECTOR AOF THE ORGANIZATION ARE HUSBAND AND WIFE. BUSINESS RELATIONSHIPS: JAY BROWN, AN OFFICER AND DIRECTOR OF THE ORGANIZATION, HAS A BUSINESS RELATIONSHIP WITH ROBYN RIHANNA FENTY, AN OFFICER AND DIRECTOR OF THE ORGANIZATION. MR. BROWN IS THE PRESIDENT OF ROC NATION, MS. FENTY IS A CLIENT OF ROC NATION. FORM 990, PART VI, SECTION A, LINE 8B EXPLANATION: THE ORGANIZATION HAS NOT ASSEMBLED A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11 EXPLANATION: FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL DURING THEIR BOARD METTING FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: THE ORGANIZATION CONDUCTS PERIODIC REVIEWS TO ENSURE THEY ARE OPERATING IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSE. THESE REVIEWS SHALL, AT A MINIMUM, INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS CONFORM TO WRITTEN POLICIES FORM 990, PART VI, SECTION C, LINE 19 EXPLANATION: ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C THE BOARD OF DIRECTORS CHOOSES AN ORGINIZATION SEPARATE FROM THE ACCOUNTING FIRM THAT PREPARES THE TAX RETURNS AND THE ACCOUNTING FOR THE FOUNDATION IN ORDER TO ENSURE PROPER CHECKS AND BALANCES BETWEEN THE THREE ACCOUNTING FIRMS.