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Nonprofiteer
← THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

Form 990 for tax year 2022

Filed by THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION.

Totals

Total revenue
$71,858,584
Total expenses
$5,116,240
Contributions and grants received
$71,178,928
Grants paid
$0
Program service revenue
$0
Investment income
$675,631
Other revenue
$4,025
Total assets, end of year
$143,698,009
Total liabilities, end of year
$27,359,812
Net assets or fund balances, end of year
$116,338,197
Program services expenses (Part IX)
$1,422,093
Management and general expenses
$2,310,704
Fundraising expenses
$1,383,443
Program service expenses (Part III)
$1,422,093

Program services were 27.8% 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.

  • 1e · Government grants (contributions)

    $1,409,458

  • 1f · All other contributions, gifts and grants

    $69,769,470

  • 3 · Investment income

    total $675,631 · excluded $675,631

  • 11a · Other revenue: CASH BACK REWARDS - CAP ONE

    total $4,025 · excluded $4,025

  • 11e · Other revenue, total

    $4,025

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,062,602 · program services $161,903 · management and general $446,768 · fundraising $453,931

  • 7 · Other salaries and wages

    total $1,145,763 · program services $191,457 · management and general $417,516 · fundraising $536,790

  • 10 · Payroll taxes

    total $124,083 · program services $19,405 · management and general $51,852 · fundraising $52,826

  • 11b · Fees: legal

    total $293,735 · program services $41,056 · management and general $241,583 · fundraising $11,096

  • 11d · Fees: lobbying

    total $39,693 · program services $39,693

  • 11e · Fees: professional fundraising services

    total $40,000 · fundraising $40,000

  • 11g · Fees: other

    total $28,105 · management and general $26,369 · fundraising $1,736

  • 12 · Advertising and promotion

    total $124,863 · program services $11,077 · management and general $62,960 · fundraising $50,826

  • 13 · Office expenses

    total $49,176 · program services $1,705 · management and general $30,422 · fundraising $17,049

  • 14 · Information technology

    total $43,244 · management and general $29,466 · fundraising $13,778

  • 16 · Occupancy

    total $70,713 · program services $1,092 · management and general $64,670 · fundraising $4,951

  • 17 · Travel

    total $181,856 · program services $48,572 · management and general $50,629 · fundraising $82,655

  • 19 · Conferences, conventions and meetings

    total $146,188 · program services $27,017 · management and general $84,626 · fundraising $34,545

  • 20 · Interest

    total $20,800 · management and general $20,800

  • 21 · Payments to affiliates

    total $20,437 · program services $215 · management and general $16,400 · fundraising $3,822

  • 22 · Depreciation, depletion and amortization

    total $136,741 · management and general $136,741

  • 23 · Insurance

    total $160,266 · program services $21,622 · management and general $138,644

  • 24a · Other expenses: PLANNING

    total $485,403 · program services $256,880 · management and general $221,916 · fundraising $6,607

  • 24b · Other expenses: PROGRAMMING AND PARTNER

    total $348,525 · program services $348,525

  • 24c · Other expenses: ARTIFACTS

    total $242,675 · program services $242,675

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $135,000 · management and general $135,000

  • 24e · All other expenses

    total $216,372 · program services $9,199 · management and general $134,342 · fundraising $72,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,568,699 · end of year $78,068,965

  • 3 · Pledges and grants receivable

    beginning of year $13,650,684 · end of year $18,672,415

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,321 · end of year $47,253

  • 10a · Land, buildings and equipment: cost or other basis

    $2,907,118

  • 10b · Land, buildings and equipment: accumulated depreciation

    $95,691

  • 10c · Land, buildings and equipment, net

    beginning of year $1,593,284 · end of year $2,811,427

  • 11 · Investments: publicly traded securities

    beginning of year $22,638,354 · end of year $20,445,926

  • 14 · Intangible assets

    beginning of year $416,327 · end of year $410,593

  • 15 · Other assets

    beginning of year $10,323,061 · end of year $23,241,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,731,495 · end of year $1,007,738

  • 19 · Deferred revenue

    beginning of year $25,000,000 · end of year $25,340,948

  • 23 · Secured mortgages and notes payable

    beginning of year $520,000 · end of year $940,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $71,126

  • 27 · Net assets without donor restrictions

    beginning of year $38,621,056 · end of year $84,905,567

  • 28 · Net assets with donor restrictions

    beginning of year $14,347,179 · end of year $31,432,630

Mission and programs · 2022

Mission

SINCE 2014, THE TRPLF HAS BEEN PLANNING AND BUILDING A NEW, AMBITIOUS KIND OF PRESIDENTIAL LIBRARY. OTHERS TELL THE STORY OF A SINGLE INDIVIDUAL, BUT THE TRPL WILL DO MORE THAN PRESERVE HISTORY. THIS WILL BE A PEOPLE'S LIBRARY, BRINGING ROOSEVELT'S VALUES AND RELENTLESS SPIRIT TO LIFE AT A CRITICAL TIME WHILE CHAMPIONING THE STORIES OF ALL WHO "DARE GREATLY, THINK BOLDLY, CARE DEEPLY, AND LIVE PASSIONATELY." THE LIBRARY IS BEING CONSTRUCTED IN MEDORA, ND, WITH A MILESTONE PLANNED FOR AMERICA'S 250TH ANNIVERSARY. PARTICIPANTS AT THE TRPL WILL LEARN FROM NOT JUST ABOUT ROOSEVELT, BEING TRANSFORMED IN THE SAME BADLANDS THAT SERVED AS THE FULCRUM IN HIS LIFE STORY.GUIDED BY PILLAR PRINCIPLES OF LEADERSHIP, CITIZENSHIP, AND CONSERVATION, THE TRPLF HAS PARTNERED WITH INNOVATIVE PARTNERS ON THE MOST SUSTAINABLE PRESIDENTIAL LIBRARY AND CAMPUS EVER, A REVOLUTIONARY APPROACH TO INTERPRETIVE DESIGN, AND PROGRAMMING THAT WILL SPREAD THE LIBRARY'S MESSAGE BEYOND ITS WALLS.

  • AT THE CORE OF THE FOUNDATION'S MISSION TO EXPLORE THEODORE ROOSEVELT'S LIFE, LEGACY, AND ENDURING RELEVANCE SITS THE DEVELOPMENT OF A PHYSICAL PRESIDENTIAL LIBRARY + MUSEUM IN MEDORA, NORTH DAKOTA, AND THE CREATION OF A PROGRAMMING PLATFORM THAT PROMOTES LEADERSHIP, CITIZENSHIP, AND CONSERVATION BEYOND THE BUILDING IN THE BADLANDS. IN 2022, THE FOUNDATION EXCEEDED OUR ANNUAL FUNDRAISING GOAL FOR THE MUSEUM'S COMPLETION AND NEARED THE FINAL ARCHITECTURAL DESIGN OF THE BUILDING, LANDSCAPE DESIGN OF THE SURROUNDING SITE, AND INTERPRETIVE DESIGN OF THE MUSEUM'S EXHIBITS. THE LAND MADE AVAILABLE FOR PURCHASE BY THE THEODORE ROOSEVELT LAND CONVEYANCE ACT OF 2020 WAS ACQUIRED FROM THE U.S. FOREST SERVICE, AND THE FIRST OFFICIAL ACTS ON THE LAND WERE A BLESSING BY INDIGENOUS TRIBAL PARTNERS AND A NATIVE PLANT PROJECT AND PRAIRIE RESTORATION. THE FOUNDATION CONTINUED TO DEVELOP PROGRAMMING, INCLUDING A CONTENT STUDIO WHICH IS NEAR LAUNCH OF ITS FIRST TWO INITIATIVES, A PODCAST AND AUGMENTED REALITY GAME. PARTNERSHIPS ALSO CONTINUED TO EXPAND AND DEEPEN, INCLUDING WITH FEDERAL, STATE, AND TRIBAL GOVERNMENTS; UNIVERSITIES; CORPORATIONS AND FOUNDATIONS; AND OTHER NONPROFITS, PRESIDENTIAL LIBRARIES, AND CULTURAL INSTITUTIONS.

    Expenses $1,422,093

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Beckham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kermit Roosevelt III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Serena Roosevelt

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Vaughn Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Spencer Zwick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Linda Pancratz

    CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Eileen Scheel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dr Eric Jolly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Victoria Chambers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kjersti Armstrong

    DIRECTOR (STARTED AUG. 2022)

    Total calculated
    $0
    Hours/week
    5

  • Ted Roosevelt V

    DIRECTOR (STARTED FEB. 2022)

    Total calculated
    $0
    Hours/week
    5

  • Raymond David Vela

    DIRECTOR (STARTED FEB. 2022)

    Total calculated
    $0
    Hours/week
    5

  • Edward O'Keefe

    CEO

    Total calculated
    $674,315
    From this org
    $650,000
    From related orgs
    $0
    Other
    $24,315
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $650,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,315
    Filer's total
    $674,315

  • Josh Wiens

    CHIEF FINANCIAL OFFICER (LEFT DECEMBER 2022)

    Total calculated
    $154,879
    From this org
    $132,547
    From related orgs
    $0
    Other
    $22,332
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $132,547
    Bonus
    $0
    Other
    $0
    Deferred
    $4,382
    Nontaxable benefits
    $17,950
    Filer's total
    $154,879

  • Kenneth Vein

    DIRECTOR OF DESIGN AND CON

    Total calculated
    $221,865
    From this org
    $213,392
    From related orgs
    $0
    Other
    $8,473
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $213,392
    Bonus
    $0
    Other
    $0
    Deferred
    $6,414
    Nontaxable benefits
    $2,059
    Filer's total
    $221,865

  • Robert Lauf

    DIRECTOR OF PROGRAMMING AND PARTNERSHIP

    Total calculated
    $166,302
    From this org
    $160,530
    From related orgs
    $0
    Other
    $5,772
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $160,530
    Bonus
    $0
    Other
    $0
    Deferred
    $450
    Nontaxable benefits
    $5,322
    Filer's total
    $166,302

  • Anthony Erickson

    ASSOCIATE DIRECTOR OF DESI

    Total calculated
    $137,931
    From this org
    $120,150
    From related orgs
    $0
    Other
    $17,781
    Hours/week
    55

  • Laura Block

    CHEIF OPERATING OFFICER

    Total calculated
    $221,837
    From this org
    $201,987
    From related orgs
    $0
    Other
    $19,850
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $201,987
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,850
    Filer's total
    $221,837

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 · Written employment contract
  • 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

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EAGLE RIDGE LODGE OF MEDORA LLC

    TO ACQUIRE, OWN AND MANAGE REAL ESTATE IN FURTHERANCE OF MEMBER'S PURPOSES. · ND · assets $1,264,225

    Directly controlled by THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2023
IRS schema version
2022v5.0
Source object
202321319349302577

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