The Barack Obama Foundation, operating under the name The 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 12/2023, Obama Foundation employed 312 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2023, Obama Foundation generated $140.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $87.5m during the year ending 12/2023. While expenses have increased by 43.5% per year over the past 8 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, Obama Foundation has awarded 116 individual grants totaling $30,671,027. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
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 LEADERS AROUND THE WORLD WHO ARE READY TO TAKE THEIR WORK TO THE NEXT LEVEL VIA A ONE-YEAR RESIDENTIAL PROGRAM THAT BRINGS TOGETHER ACADEMIC, SKILLS-BASED, AND HANDS-ON LEARNING. FOR THE 2022-2023 SCHOOL YEAR, THE SCHOLARS PROGRAM INCLUDED 18 SCHOLARS AT THE UNIVERSITY OF CHICAGO AND 12 SCHOLARS AT COLUMBIA UNIVERSITY.LEADERS: LEADERS AFRICA, ASIA-PACIFIC, EUROPE, AND USA ARE EACH LEADERSHIP PROGRAMS AIMED AT BUILDING AND EMPOWERING REGIONAL NETWORKS OF CHANGEMAKERS. THE REGIONAL COHORTS PARTICIPATE IN VALUES-BASED LEADERSHIP TRAINING. THE LEADERS AFRICA PROGRAM BEGAN IN 2018, THE LEADERS ASIA-PACIFIC PROGRAM LAUNCHED IN 2019, THE LEADERS EUROPE PROGRAM LAUNCHED IN 2020, AND THE LEADERS USA PROGRAM LAUNCHED IN 2022. THE AFRICA, ASIA-PACIFIC, AND EUROPE COHORTS EACH CONTAIN 35 MEMBERS, AND THE USA COHORT CONTAINS 100.THE VOYAGER SCHOLARSHIP: THE OBAMA-CHESKY SCHOLARSHIP FOR PUBLIC SERVICE, LAUNCHED IN 2022 WITH THE SELECTION OF 100 STUDENTS TO RECEIVE SCHOLARSHIPS. EACH YEAR, 100 NEW STUDENTS ARE SELECTED TO RECEIVE SCHOLARSHIPS AND PARTICIPATE IN THE TWO-YEAR PROGRAM. THE VOYAGER SCHOLARSHIP IS DESIGNED TO BUILD THE NEXT GENERATION OF LEADERS COMMITTED TO PUBLIC SERVICE THROUGH A TRANSFORMATIONAL COMBINATION OF BARRIER-REDUCING FINANCIAL AID AND MEANINGFUL, EDUCATIONAL TRAVEL EXPERIENCES.GIRLS OPPORTUNITY ALLIANCE: THE GIRLS OPPORTUNITY ALLIANCE SEEKS TOEMPOWER 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 LEADERSWORKING TO EDUCATE THEM.MY BROTHER'S KEEPER ALLIANCE: THE MBK ALLIANCE LEADS A NATIONAL CALL TOACTION 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 PRESIDENTAL CENTER STARTUP:IN 2023 THE OBAMA FOUNDATION CONSTRUCTION ACTIVITIES INCLUDED COMPLETING THE CONCRETE STRUCTURES FOR THE FORUM, LIBRARY AND PARKING GARAGE AND ADVANCING THE MUSEUM STRUCTURE TO 75% OF ITS FINAL HEIGHT. DESIGN OF THE ATHLETIC CENTER ALSO BEGAN. ACTIVITIES ALSO INCLUDED ACCELERATING THE MUSEUM COMPONENT THROUGH OUR ONGOING ARTIFACT COLLECTING ACTIVITY, ARTS COMMISSION, AND ARTS PROGRAM PLANNING; APPLYING BEST PRACTICES FOR PRESERVATION AND MANAGEMENT OF THE MUSEUM COLLECTION; AND ADVANCING PLANNING AND DEVELOPMENT FOR OUR INAUGURAL EXHIBITIONS AND VISITOR EXPERIENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Valerie Jarrett Director/ceo | OfficerTrustee | 40 | $740,000 |
David Plouffe Director/vp/secretary | OfficerTrustee | 1 | $0 |
Glenn Hutchins Director/vice Chairperson | OfficerTrustee | 10 | $0 |
John Kevin Poorman Director/president | OfficerTrustee | 10 | $0 |
Martin H Nesbitt Director/chairperson | OfficerTrustee | 10 | $0 |
Penny Pritzker Director/vice Chairperson | OfficerTrustee | 10 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tod Williams Billie Tsien Architect Architects | 12/30/23 | $4,601,855 |
Agency Ea Event Management | 12/30/23 | $4,496,375 |
Ab Data Ltd Direct Mail Services | 12/30/23 | $2,301,450 |
Lakeside Alliance Construction Services | 12/30/23 | $150,993,348 |
Claycoardmore Roderick Jv Construction Management | 12/30/23 | $2,068,609 |
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 | $129,320,227 |
Noncash contributions included in lines 1a–1f | $64,988,337 |
Total Revenue from Contributions, Gifts, Grants & Similar | $129,320,227 |
Total Program Service Revenue | $0 |
Investment income | $9,145,673 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,104,284 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $15,920 |
Miscellaneous Revenue | $0 |
Total Revenue | $140,586,104 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,348,573 |
Grants and other assistance to domestic individuals. | $4,047,389 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $5,122,498 |
Compensation of current officers, directors, key employees. | $1,674,684 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $27,365,683 |
Pension plan accruals and contributions | $1,321,538 |
Other employee benefits | $2,970,969 |
Payroll taxes | $2,461,450 |
Fees for services: Management | $0 |
Fees for services: Legal | $252,069 |
Fees for services: Accounting | $57,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $897,928 |
Fees for services: Investment Management | $76,583 |
Fees for services: Other | $8,269,974 |
Advertising and promotion | $0 |
Office expenses | $6,474,349 |
Information technology | $2,785,092 |
Royalties | $0 |
Occupancy | $1,318,012 |
Travel | $4,104,057 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,234,497 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $780,002 |
Insurance | $266,302 |
All other expenses | $221,793 |
Total functional expenses | $87,462,284 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $192,413,497 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $251,945,329 |
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 | $3,787,068 |
Net Land, buildings, and equipment | $397,960,900 |
Investments—publicly traded securities | $132,935,177 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,540,784 |
Total assets | $986,582,755 |
Accounts payable and accrued expenses | $19,788,156 |
Grants payable | $3,066,667 |
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 | $1,398,540 |
Total liabilities | $24,253,363 |
Net assets without donor restrictions | $657,447,799 |
Net assets with donor restrictions | $304,881,593 |
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 | $986,582,755 |
Over the last fiscal year, The Barack Obama Foundation has awarded $9,348,573 in support to 15 organizations.
Grant Recipient | Amount |
---|---|
GOFUNDMEORG PURPOSE: SUPPORT GRASSROOTS LEADERS TO EMPOWER GIRLS THROUGH EDUCATION. | $2,376,045 |
CHICAGO PARK DISTRICT PURPOSE: SUPPORT FOR NEW MIDWAY PLAYGROUND. | $1,000,000 |
TIDES CENTER PURPOSE: SUPPORT LOCAL ORGANIZATIONS THAT ARE WORKING TO REDUCE VIOLENCE IN COMMUNITIES. | $1,000,000 |
IMPACTTULSA INC PURPOSE: SUPPORT MBK MODEL COMMUNITY. | $800,000 |
AFRICAN-AMERICAN EMPOWERMENT NETWORK PURPOSE: SUPPORT MBK MODEL COMMUNITY. | $800,000 |
YONKERS CITY SCHOOL DISTRICT YONKERS PUBLIC SCHOOLS PURPOSE: SUPPORT MBK MODEL COMMUNITY. | $800,000 |