The Barack Obama Foundation is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Barack Obama Foundation employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barack Obama 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, Barack Obama Foundation generated $160.0m in total revenue. All expenses for the organization totaled $40.6m during the year ending 12/2021. While expenses have increased by 46.3% 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 2018, Barack Obama Foundation has awarded 93 individual grants totaling $16,968,551. 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
THE FOUNDATION'S MISSION IS TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD AND TO HONOR THE LEGACY OF PRESIDENT AND MRS. OBAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBAMA FOUNDATION PROGRAMMING:IN SERVICE OF THE FOUNDATION'S MISSION TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD, THE FOUNDATION CONTINUED TO WORK WITH YOUNG LEADERS IN A VARIETY OF LOCAL, NATIONAL, AND GLOBAL PROGRAMS. SCHOLARS: OUR SCHOLARS PROGRAM SUPPORTS RISING LEADERS AROUND THE WORLD VIA A ONE-YEAR RESIDENTIAL PROGRAM THAT BRINGS TOGETHER ACADEMIC, SKILLS-BASED, AND HANDS-ON LEARNING. FOR THE 2020-2021 SCHOOL YEAR, THE SCHOLARS PROGRAM INCLUDED 12 SCHOLARS AT THE UNIVERSITY OF CHICAGO AND 12 SCHOLARS AT COLUMBIA UNIVERSITY.LEADERS: LEADERS: AFRICA, ASIA-PACIFIC AND EUROPE ARE EACH YEAR-LONG LEADERSHIP PROGRAMS AIMED AT BUILDING AND EMPOWERING REGIONAL NETWORKS OF CHANGE-MAKERS. THE LEADERS: AFRICA AND ASIA-PACIFIC REGIONAL COHORTS PROVIDE VALUES-BASED TRAINING TO 200 YOUNG LEADERS. THE LEADERS: AFRICA PROGRAM BEGAN IN 2018 IN JOHANNESBURG, AND THE LEADERS: ASIA-PACIFIC PROGRAM LAUNCHED IN KUALA LUMPUR IN DECEMBER 2019. THE LEADERS: EUROPE PROGRAM LAUNCHED IN SEPTEMBER 2020, WITH A COMPLETELY VIRTUAL COHORT OF 35 EMERGING LEADERS. GIRLS OPPORTUNITY ALLIANCE: THE GIRLS OPPORTUNITY ALLIANCE SEEKS TO EMPOWER ADOLESCENT GIRLS AROUND THE WORLD THROUGH EDUCATION, ALLOWING THEM TO ACHIEVE THEIR FULL POTENTIAL AND TRANSFORM THEIR FAMILIES, COMMUNITIES, AND COUNTRIES. THE PROGRAM ENGAGES PEOPLE AROUND THE WORLD TO TAKE ACTION TO HELP ADOLESCENT GIRLS AND THE GRASSROOTS LEADERS WORKING TO EDUCATE THEM.MY BROTHER'S KEEPER ALLIANCE: MBK ALLIANCE LEADS A NATIONAL CALL TO ACTION FOCUSED ON BUILDING SAFE AND SUPPORTIVE COMMUNITIES FOR BOYS AND YOUNG MEN OF COLOR WHERE THEY FEEL VALUED AND HAVE CLEAR PATHWAYS TO OPPORTUNITY. OBAMA YOUTH JOBS CORPS: IN PARTNERSHIP WITH URBAN ALLIANCE, THE OBAMA YOUTH JOBS CORPS INCREASES ACCESS TO ECONOMIC OPPORTUNITY FOR HIGH SCHOOL STUDENTS IN SOME OF THE MOST UNDERSERVED COMMUNITIES IN CHICAGO. THROUGH WORKFORCE READINESS TRAINING AND EARLY, MEANINGFUL WORK EXPERIENCE AT BUSINESSES AND NONPROFIT ORGANIZATIONS THROUGHOUT THE CITY, OYJC GIVES STUDENTS THE SKILLS, EXPERIENCE, AND EXPOSURE NEEDED TO SUCCEED. OYJC SERVED MORE THAN 150 CHICAGO PUBLIC SCHOOLS SOPHOMORES AND JUNIORS IN THE LAST THREE ACADEMIC YEARS.FELLOWS: THE OBAMA FOUNDATION FELLOWSHIP SUPPORTS OUTSTANDING CIVIC INNOVATORS -- LEADERS WHO ARE WORKING WITH THEIR COMMUNITIES TO CREATE TRANSFORMATIONAL CHANGE, ADDRESSING SOME OF THE WORLD'S MOST PRESSING PROBLEMS. IN 2019, THE PROGRAM WELCOMED 20 NEW COMMUNITY-MINDED RISING STARS FROM AROUND THE WORLD FOR A TWO-YEAR, NON-RESIDENTIAL PROGRAM, DESIGNED TO AMPLIFY THE IMPACT OF THEIR WORK AND INSPIRE A WAVE OF CIVIC INNOVATION.
OBAMA PRESIDENTIAL CENTER STARTUP:IN 2021 THE OBAMA FOUNDATION CONTINUED TO MOVE FORWARD WITH PLANNING AND DEVELOPMENT OF THE OBAMA PRESIDENTIAL CENTER (THE "CENTER"), INCLUDING THE CENTER'S MUSEUM. ACTIVITIES INCLUDED FINALIZING THE DESIGN OF THE CENTER AND ACCELERATING THE MUSEUM COMPONENT BY LAYING THE INFRASTRUCTURE FOR, AND INITIATING, OUR COLLECTION PROCESS AND ART PLAN. IN ADDITION, SIGNIFICANT REGULATORY MILESTONES WERE REACHED TO ENABLE THE START OF CENTER CONSTRUCTION IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Valerie Jarrett Director/ceo | OfficerTrustee | 40 | $581,305 |
David Simas President | Officer | 40 | $545,890 |
Robbin Cohen Evp, Opc, Tech. & Strategy | Officer | 40 | $495,877 |
Clarissa Peterson Svp, People | Officer | 40 | $316,800 |
Michael Strautmanis Evp, Civic Engagement | Officer | 40 | $315,312 |
Lori Healey Svp, Opc Ops & Implementation | Officer | 40 | $300,000 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lakeside Alliance Construction Management | 12/30/21 | $20,580,387 |
Sidley Austin Llp Legal | 12/30/21 | $2,664,050 |
Tod Williams Billie Tsien Architects Architects | 12/30/21 | $1,484,226 |
Tcc2 Jv Construction Management | 12/30/21 | $1,162,375 |
Ralph Appelbaum Associates Exhibit Design | 12/30/21 | $1,216,676 |
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 | $159,660,416 |
Noncash contributions included in lines 1a–1f | $40,427,512 |
Total Revenue from Contributions, Gifts, Grants & Similar | $159,660,416 |
Total Program Service Revenue | $0 |
Investment income | $30,586 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $266,067 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $342 |
Miscellaneous Revenue | $0 |
Total Revenue | $159,957,411 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,174,151 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,350,345 |
Compensation of current officers, directors, key employees. | $1,451,728 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $14,553,287 |
Pension plan accruals and contributions | $597,622 |
Other employee benefits | $1,122,283 |
Payroll taxes | $1,339,736 |
Fees for services: Management | $0 |
Fees for services: Legal | $645,765 |
Fees for services: Accounting | $51,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $721,265 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,397,771 |
Advertising and promotion | $0 |
Office expenses | $724,264 |
Information technology | $1,567,205 |
Royalties | $0 |
Occupancy | $1,699,268 |
Travel | $710,463 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,031,471 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,281,916 |
Insurance | $170,193 |
All other expenses | $0 |
Total functional expenses | $40,550,456 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $225,428,844 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $242,013,824 |
Accounts receivable, net | $0 |
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 | $1,084,380 |
Net Land, buildings, and equipment | $116,270,307 |
Investments—publicly traded securities | $100,979,561 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,058,782 |
Total assets | $693,835,698 |
Accounts payable and accrued expenses | $11,383,368 |
Grants payable | $1,955,000 |
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 | $441,723 |
Total liabilities | $13,780,091 |
Net assets without donor restrictions | $394,579,624 |
Net assets with donor restrictions | $285,475,983 |
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 | $693,835,698 |
Over the last fiscal year, The Barack Obama Foundation has awarded $5,174,151 in support to 16 organizations.
Grant Recipient | Amount |
---|---|
CHICAGO PARK DISTRICT PURPOSE: SUPPORT RELOCATION OF THE CHICAGO PARK DISTRICT TRACK IN JACKSON PARK. | $3,500,000 |
Los Altos, CA PURPOSE: SUPPORT GRASSROOTS LEADERS TO EMPOWER GIRLS THROUGH EDUCATION. | $785,151 |
Washington, DC PURPOSE: SUPPORT YOUTH WITH PROFESSIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES. | $250,000 |
Chicago, IL PURPOSE: SUPPORT THE ECONOMIC DEVELOPMENT OF THE SOUTH SIDE OF CHICAGO. | $250,000 |
Chicago, IL PURPOSE: SUPPORT MBK NETWORK ORGANIZATIONS TO MAINTAIN THEIR LEVEL OF COMMUNITY SERVICE. | $34,000 |
Chicago, IL PURPOSE: SUPPORT MBK NETWORK ORGANIZATIONS TO MAINTAIN THEIR LEVEL OF COMMUNITY SERVICE. | $34,000 |
Over the last fiscal year, we have identified 1 grants that The Barack Obama Foundation has recieved totaling $110,000.
Awarding Organization | Amount |
---|---|
Yeardley Smith Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $110,000 |
Earnings | $53 |
Net Contributions | $1,000,000 |
Ending Balance | $1,000,053 |
Organization Name | Assets | Revenue |
---|---|---|
Arie And Ida Crown Memorial Chicago, IL | $852,063,993 | $134,733,179 |
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
The Barack Obama Foundation Chicago, IL | $693,835,698 | $159,957,411 |
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Colonel Il James N Pritzker Library For The Citizen Soldier Chicago, IL | $30,735,848 | $6,408,136 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Frank Lloyd Wright Trust Chicago, IL | $6,763,209 | $2,823,161 |
Chicago Police Memorial Foundation Chicago, IL | $19,000,783 | $6,539,777 |