The Barack Obama Foundation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Valerie Jarrett
Director/ceo
$581,305
David Simas
President
$545,890
Robbin Cohen
Evp, Opc, Tech. & Strategy
$495,877
Clarissa Peterson
Svp, People
$316,800
Michael Strautmanis
Evp, Civic Engagement
$315,312
Lori Healey
Svp, Opc Ops & Implementation
$300,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lakeside Alliance
Construction Management
$20,580,387
Sidley Austin Llp
Legal
$2,664,050
Tod Williams Billie Tsien Architects
Architects
$1,484,226
Tcc2 Jv
Construction Management
$1,162,375
Ralph Appelbaum Associates
Exhibit Design
$1,216,676
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$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

Grants Awarded

Over the last fiscal year, The Barack Obama Foundation has awarded $5,174,151 in support to 16 organizations.

Grant RecipientAmount

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

URBAN ALLIANCE FOUNDATION INC

Org PageRecipient Profile

Washington, DC

PURPOSE: SUPPORT YOUTH WITH PROFESSIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES.

$250,000

EMERALD SOUTH ECONOMIC DEVELOPMENT COLLABORATIVE

Org PageRecipient Profile

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

SOUTH SHORE DRILL TEAM & PERFORMING ARTS ENSEMBLE

Org PageRecipient Profile

Chicago, IL

PURPOSE: SUPPORT MBK NETWORK ORGANIZATIONS TO MAINTAIN THEIR LEVEL OF COMMUNITY SERVICE.

$34,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Barack Obama Foundation has recieved totaling $110,000.

Awarding OrganizationAmount
Yeardley Smith Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$110,000
View Grant Recipient Profile

Endowment Analysis

Earnings$53
Net Contributions$1,000,000
Ending Balance$1,000,053

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