The Barack Obama Foundation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Valerie Jarrett
Director/ceo
$740,000
David Plouffe
Director/vp/secretary
$0
Glenn Hutchins
Director/vice Chairperson
$0
John Kevin Poorman
Director/president
$0
Martin H Nesbitt
Director/chairperson
$0
Penny Pritzker
Director/vice Chairperson
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tod Williams Billie Tsien Architect
Architects
$4,601,855
Agency Ea
Event Management
$4,496,375
Ab Data Ltd
Direct Mail Services
$2,301,450
Lakeside Alliance
Construction Services
$150,993,348
Claycoardmore Roderick Jv
Construction Management
$2,068,609
View All Vendors

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$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

Grants Awarded

Over the last fiscal year, The Barack Obama Foundation has awarded $9,348,573 in support to 15 organizations.

Grant RecipientAmount

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
View Grant Profile

Peer Organizations

Organization NameAssets
Arie And Ida Crown Memorial
Chicago, IL
$155,180,049
The Barack Obama Foundation
Chicago, IL
$140,586,104
Navy Pier Inc
Chicago, IL
$66,858,095
Indiana Historical Society
Indianapolis, IN
$4,528,087
National World War I Museum And Memorial
Kansas City, MO
$10,608,562
Steel Founders Society Of America
Crystal Lake, IL
$9,102,486
Historic Landmarks Foundation Of Indiana Inc
Indianapolis, IN
$17,060,045
Colonel Il James N Pritzker Library For The Citizen Soldier
Chicago, IL
$4,563,301
Woodstock Courthouse Historic Preservation Fund Inc
Woodstock, IL
$5,432,124
Hoyt Sherman Place Foundation
Des Moines, IA
$4,862,165
American Opinion Foundation Inc
Appleton, WI
$4,565,403
Frank Lloyd Wright Trust
Chicago, IL
$5,551,634
Orpheum Theatre Preservation Project Ltd
Sioux City, IA
$2,770,286
National Society Of The Sons Of The American Revolution
Louisville, KY
$2,902,340
Chicago Police Memorial Foundation
Chicago, IL
$4,388,313
Highland Golf And Country Club Foundation Inc
Indianapolis, IN
$2,286,063
Otho S A Sprague Memorial Institute
Chicago, IL
$1,791,027
Connectcr Inc
Cedar Rapids, IA
$2,447,963
Illinois Rt 66 Heritage Project
Springfield, IL
$1,560,164
Ffta Properties Inc
Louisville, KY
$208,684
Capitol Civic Centre Inc
Manitowoc, WI
$1,652,089
Sleep Research Society
Darien, IL
$1,213,585
American Friends Of Versailles
Chicago, IL
$1,587,504
Aerial Promotions Inc
Eldridge, IA
$1,050,899
Historic Homes Foundation Inc
Louisville, KY
$895,133

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