Totals
- Total revenue
- $140,586,104
- Total expenses
- $87,462,284
- Contributions and grants received
- $129,320,227
- Grants paid
- $13,395,962
- Program service revenue
- $0
- Investment income
- $11,249,957
- Other revenue
- $15,920
- Total assets, end of year
- $986,582,755
- Total liabilities, end of year
- $24,253,363
- Net assets or fund balances, end of year
- $962,329,392
- Program services expenses (Part IX)
- $52,799,162
- Management and general expenses
- $15,195,472
- Fundraising expenses
- $19,467,650
- Program service expenses (Part III)
- $52,799,162
Program services were 60.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$129,320,227
-
1g · Noncash contributions included above
$64,988,337
-
3 · Investment income
total $9,145,673 · excluded $9,145,673
-
7a · Gross sales of assets other than inventory
securities $311,306,163
-
7b · Less cost or other basis and sales expenses
securities $309,089,479 · other assets $112,400
-
7c · Gain or loss
securities $2,216,684 · other assets -$112,400
-
7d · Net gain or loss
total $2,104,284 · excluded $2,104,284
-
10a · Gross sales of inventory
$15,920
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $15,920 · related or exempt $15,920
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,348,573 · program services $9,348,573
-
2 · Grants to domestic individuals
total $4,047,389 · program services $4,047,389
-
5 · Compensation of officers, directors and key employees
total $5,122,498 · program services $2,664,930 · management and general $1,674,684 · fundraising $782,884
-
7 · Other salaries and wages
total $27,365,683 · program services $13,291,388 · management and general $7,968,103 · fundraising $6,106,192
-
8 · Pension plan contributions
total $1,321,538 · program services $649,063 · management and general $392,245 · fundraising $280,230
-
9 · Other employee benefits
total $2,970,969 · program services $1,459,168 · management and general $881,811 · fundraising $629,990
-
10 · Payroll taxes
total $2,461,450 · program services $1,208,922 · management and general $730,581 · fundraising $521,947
-
11b · Fees: legal
total $252,069 · program services $168,477 · management and general $83,592
-
11c · Fees: accounting
total $57,200 · management and general $57,200
-
11e · Fees: professional fundraising services
total $897,928 · fundraising $897,928
-
11f · Fees: investment management
total $76,583 · management and general $76,583
-
11g · Fees: other
total $8,269,974 · program services $7,364,681 · management and general $246,637 · fundraising $658,656
-
13 · Office expenses
total $6,474,349 · program services $162,725 · management and general $283,958 · fundraising $6,027,666
-
14 · Information technology
total $2,785,092 · program services $1,395,761 · management and general $746,504 · fundraising $642,827
-
16 · Occupancy
total $1,318,012 · program services $875,922 · management and general $329,709 · fundraising $112,381
-
17 · Travel
total $4,104,057 · program services $2,866,470 · management and general $372,033 · fundraising $865,554
-
19 · Conferences, conventions and meetings
total $7,234,497 · program services $5,534,207 · management and general $41,507 · fundraising $1,658,783
-
22 · Depreciation, depletion and amortization
total $780,002 · program services $575,340 · management and general $178,864 · fundraising $25,798
-
23 · Insurance
total $266,302 · program services $159,190 · management and general $68,608 · fundraising $38,504
-
24a · Other expenses: COMMUNICATIONS
total $1,511,520 · program services $576,640 · management and general $873,922 · fundraising $60,958
-
24b · Other expenses: PROFESSIONAL DEVEL.
total $252,390 · program services $67,756 · management and general $106,464 · fundraising $78,170
-
24c · Other expenses: COLLECTIONS
total $162,179 · program services $162,179
-
24d · Other expenses: PROGRAM CONTRACTUAL
total $160,237 · program services $160,237
-
24e · All other expenses
total $221,793 · program services $60,144 · management and general $82,467 · fundraising $79,182
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $241,474,849 · end of year $192,413,497
-
3 · Pledges and grants receivable
beginning of year $360,355,002 · end of year $251,945,329
-
9 · Prepaid expenses and deferred charges
beginning of year $2,213,478 · end of year $3,787,068
-
10a · Land, buildings and equipment: cost or other basis
$401,174,086
-
10b · Land, buildings and equipment: accumulated depreciation
$3,213,186
-
10c · Land, buildings and equipment, net
beginning of year $224,932,662 · end of year $397,960,900
-
11 · Investments: publicly traded securities
beginning of year $107,256,456 · end of year $132,935,177
-
15 · Other assets
beginning of year $8,727,046 · end of year $7,540,784
-
17 · Accounts payable and accrued expenses
beginning of year $16,381,702 · end of year $19,788,156
-
18 · Grants payable
beginning of year $1,390,000 · end of year $3,066,667
-
25 · Other liabilities
beginning of year $1,878,660 · end of year $1,398,540
-
27 · Net assets without donor restrictions
beginning of year $511,752,615 · end of year $657,447,799
-
28 · Net assets with donor restrictions
beginning of year $413,556,516 · end of year $304,881,593
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
Withheld by Nonprofiteer: this text may name a private individual.
-
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.
Expenses $34,358,203 · Grants $11,321,633 · Revenue $15,920
-
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.
Expenses $18,440,959 · Grants $2,074,329
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
VALERIE JARRETT
DIRECTOR/CEO
- Total calculated
- $754,948
- From this org
- $740,000
- From related orgs
- $0
- Other
- $14,948
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $740,000
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $1,748
- Filer's total
- $754,948
-
DAVID PLOUFFE
DIRECTOR/VP/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
GLENN HUTCHINS
DIRECTOR/VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 10
-
JOHN KEVIN POORMAN
DIRECTOR/PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
MARTIN H NESBITT
DIRECTOR/CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 10
-
PENNY PRITZKER
DIRECTOR/VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 10
-
ROBERT WOLF
DIRECTOR/VP/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
BRODERICK JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CONNIE BALLMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DEMOND MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DR MAHALIA A HINES
DIRECTOR (END 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
JOHN ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JUAN SALGADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JULIANNA SMOOT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL SACKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SEAN PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THELMA GOLDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
AMMAR RIZKI
CFO
- Total calculated
- $387,976
- From this org
- $364,246
- From related orgs
- $0
- Other
- $23,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $364,246
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $10,530
- Filer's total
- $387,976
-
DAVID SIMAS
PRESIDENT (END 4/23)
- Total calculated
- $208,804
- From this org
- $193,968
- From related orgs
- $0
- Other
- $14,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,968
- Bonus
- $0
- Other
- $0
- Deferred
- $7,844
- Nontaxable benefits
- $6,992
- Filer's total
- $208,804
-
ROBBIN COHEN
EVP, OPC
- Total calculated
- $649,102
- From this org
- $613,100
- From related orgs
- $0
- Other
- $36,002
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $613,100
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $22,802
- Filer's total
- $649,102
-
ALFREDA BRADLEY-COAR
EVP, CHIEF LEGAL & PEOPLE OFFICER
- Total calculated
- $439,334
- From this org
- $424,769
- From related orgs
- $0
- Other
- $14,565
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $424,769
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $1,365
- Filer's total
- $439,334
-
CHRISTINA TCHEN
EVP, STRATEGY & IMPACT
- Total calculated
- $423,730
- From this org
- $400,000
- From related orgs
- $0
- Other
- $23,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $400,000
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $10,530
- Filer's total
- $423,730
-
LORI T HEALEY
SVP, EXECUTIVE PROJECT OFFICER
- Total calculated
- $393,616
- From this org
- $369,886
- From related orgs
- $0
- Other
- $23,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $369,886
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $10,530
- Filer's total
- $393,616
-
MICHAEL STRAUTMANIS
EVP, EXTERNAL AFFAIRS
- Total calculated
- $389,479
- From this org
- $353,477
- From related orgs
- $0
- Other
- $36,002
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $353,477
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $22,802
- Filer's total
- $389,479
-
LAURA LUCAS MAGNUSON
EVP, GLOBAL PROGRAMS
- Total calculated
- $386,939
- From this org
- $362,801
- From related orgs
- $0
- Other
- $24,138
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $362,801
- Bonus
- $0
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $10,938
- Filer's total
- $386,939
-
DANIEL MCGREGOR
SVP, DEVELOPMENT
- Total calculated
- $344,180
- From this org
- $320,240
- From related orgs
- $0
- Other
- $23,940
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $320,240
- Bonus
- $0
- Other
- $0
- Deferred
- $13,000
- Nontaxable benefits
- $10,940
- Filer's total
- $344,180
-
CHARMAINE WILLIAMS
SVP, CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $318,873
- From this org
- $305,169
- From related orgs
- $0
- Other
- $13,704
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $305,169
- Bonus
- $0
- Other
- $0
- Deferred
- $12,207
- Nontaxable benefits
- $1,497
- Filer's total
- $318,873
-
LOUISE BERNARD
SVP, MUSEUM DIRECTOR
- Total calculated
- $311,531
- From this org
- $289,424
- From related orgs
- $0
- Other
- $22,107
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $289,424
- Bonus
- $0
- Other
- $0
- Deferred
- $11,577
- Nontaxable benefits
- $10,530
- Filer's total
- $311,531
-
KORI SCHULMAN
SVP, CREATIVE & COMMUNICATIONS
- Total calculated
- $267,413
- From this org
- $234,856
- From related orgs
- $0
- Other
- $32,557
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,856
- Bonus
- $0
- Other
- $0
- Deferred
- $9,965
- Nontaxable benefits
- $22,592
- Filer's total
- $267,413
-
JAMIE-CLARE PICKENS
VP, DEPUTY GENERAL COUNSEL
- Total calculated
- $327,721
- From this org
- $304,991
- From related orgs
- $0
- Other
- $22,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $304,991
- Bonus
- $0
- Other
- $0
- Deferred
- $12,200
- Nontaxable benefits
- $10,530
- Filer's total
- $327,721
-
ELISABETH SICILIANO
SVP, STRATEGY, GOVERNANCE & RISK
- Total calculated
- $311,254
- From this org
- $284,376
- From related orgs
- $0
- Other
- $26,878
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $284,376
- Bonus
- $0
- Other
- $0
- Deferred
- $11,795
- Nontaxable benefits
- $15,083
- Filer's total
- $311,254
-
RACHEL RAUSCHER
VP, DEVELOPMENT OPERATIONS
- Total calculated
- $285,961
- From this org
- $264,837
- From related orgs
- $0
- Other
- $21,124
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,837
- Bonus
- $0
- Other
- $0
- Deferred
- $10,594
- Nontaxable benefits
- $10,530
- Filer's total
- $285,961
-
ROARK FRANKEL
DIRECTOR OF PLANNING & DELIVERY
- Total calculated
- $283,615
- From this org
- $256,488
- From related orgs
- $0
- Other
- $27,127
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,488
- Bonus
- $0
- Other
- $0
- Deferred
- $10,398
- Nontaxable benefits
- $16,729
- Filer's total
- $283,615
-
CAITLIN GILMORE
VP, FUNDRAISING & DEVELOPMENT
- Total calculated
- $276,796
- From this org
- $264,837
- From related orgs
- $0
- Other
- $11,959
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,837
- Bonus
- $0
- Other
- $0
- Deferred
- $10,594
- Nontaxable benefits
- $1,365
- Filer's total
- $276,796
-
GABRIELA FRAGA
FORMER SVP, PRODUCT & TECHNOLOGY
- Total calculated
- $168,340
- From this org
- $150,562
- From related orgs
- $0
- Other
- $17,778
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,562
- Bonus
- $0
- Other
- $0
- Deferred
- $6,160
- Nontaxable benefits
- $11,618
- Filer's total
- $168,340
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$2,376,045
SUPPORT GRASSROOTS LEADERS TO EMPOWER GIRLS THROUGH EDUCATION.
-
$1,000,000
SUPPORT FOR NEW MIDWAY PLAYGROUND.
-
$1,000,000
SUPPORT LOCAL ORGANIZATIONS THAT ARE WORKING TO REDUCE VIOLENCE IN COMMUNITIES.
-
AFRICAN-AMERICAN EMPOWERMENT NETWORK
$800,000
SUPPORT MBK MODEL COMMUNITY.
-
$800,000
SUPPORT MBK MODEL COMMUNITY.
-
SUPPORT MBK MODEL COMMUNITY.
-
$800,000
SUPPORT MBK MODEL COMMUNITY.
-
NATIONAL ARCHIVES TRUST FUND
$750,000
DIGITIZATION OF RECORDS
-
$391,949
SUPPORT THE EXPANSION AND ENHANCEMENT OF MBK IN CHICAGO.
-
$266,667
SUPPORT YOUTH WITH PROFESSIONAL TRAINING AND EMPLOYMENT OPPORTUNITIES.
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE LEAD ANNUITY TRUST
ANNUITY TRUST · CA · controlled entity
Directly controlled by THE BARACK OBAMA FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432069349300303
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.