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Nonprofiteer
← THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

Form 990 for tax year 2023

Filed by THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION.

Totals

Total revenue
$34,675,491
Total expenses
$5,223,363
Contributions and grants received
$32,399,447
Grants paid
$16,025
Program service revenue
$0
Investment income
$2,276,044
Other revenue
$0
Total assets, end of year
$184,767,526
Total liabilities, end of year
$37,779,589
Net assets or fund balances, end of year
$146,987,937
Program services expenses (Part IX)
$932,143
Management and general expenses
$2,596,321
Fundraising expenses
$1,694,899
Program service expenses (Part III)
$932,143

Program services were 17.8% 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)

    $1,916,727

  • 1f · All other contributions, gifts and grants

    $30,482,720

  • 1g · Noncash contributions included above

    $88,550

  • 3 · Investment income

    total $2,378,037 · excluded $2,378,037

  • 7a · Gross sales of assets other than inventory

    securities $206,018,203

  • 7b · Less cost or other basis and sales expenses

    securities $206,120,196

  • 7c · Gain or loss

    securities -$101,993

  • 7d · Net gain or loss

    total -$101,993 · excluded -$101,993

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,025 · program services $16,025

  • 5 · Compensation of officers, directors and key employees

    total $1,026,488 · program services $184,767 · management and general $400,331 · fundraising $441,390

  • 7 · Other salaries and wages

    total $1,108,312 · program services $193,194 · management and general $433,286 · fundraising $481,832

  • 10 · Payroll taxes

    total $112,995 · program services $20,777 · management and general $44,990 · fundraising $47,228

  • 11b · Fees: legal

    total $345,383 · program services $69,179 · management and general $272,151 · fundraising $4,053

  • 11c · Fees: accounting

    total $41,178 · management and general $41,178

  • 11e · Fees: professional fundraising services

    total $429,032 · fundraising $429,032

  • 11g · Fees: other

    total $38,888 · program services $200 · management and general $28,994 · fundraising $9,694

  • 12 · Advertising and promotion

    total $205,995 · program services $8,181 · management and general $175,881 · fundraising $21,933

  • 13 · Office expenses

    total $95,860 · program services $2,005 · management and general $82,805 · fundraising $11,050

  • 14 · Information technology

    total $44,992 · program services $99 · management and general $31,854 · fundraising $13,039

  • 16 · Occupancy

    total $61,301 · program services $13,060 · management and general $43,152 · fundraising $5,089

  • 17 · Travel

    total $204,655 · program services $79,214 · management and general $61,070 · fundraising $64,371

  • 19 · Conferences, conventions and meetings

    total $99,194 · program services $8,364 · management and general $60,140 · fundraising $30,690

  • 20 · Interest

    total $15,600 · management and general $15,600

  • 21 · Payments to affiliates

    total $11,809 · program services $657 · management and general $9,670 · fundraising $1,482

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $161,775 · program services $23,773 · management and general $58,166 · fundraising $79,836

  • 24a · Other expenses: PROGRAMMING AND PARTNER

    total $304,148 · program services $304,148

  • 24b · Other expenses: OPERATIONS CONSULTING

    total $265,647 · management and general $265,647

  • 24c · Other expenses: CREDIT LOSS

    total $145,029 · management and general $145,000 · fundraising $29

  • 24d · Other expenses: PLANNING

    total $113,542 · program services $8,500 · management and general $105,042

  • 24e · All other expenses

    total $238,774 · management and general $184,623 · fundraising $54,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,068,965 · end of year $40,802,400

  • 3 · Pledges and grants receivable

    beginning of year $18,672,415 · end of year $26,999,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,253 · end of year $47,914

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

    $2,958,851

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

    $155,572

  • 10c · Land, buildings and equipment, net

    beginning of year $2,811,427 · end of year $2,803,279

  • 11 · Investments: publicly traded securities

    beginning of year $20,445,926 · end of year $62,103,398

  • 14 · Intangible assets

    beginning of year $410,593 · end of year $577,502

  • 15 · Other assets

    beginning of year $23,241,430 · end of year $51,433,913

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,007,738 · end of year $6,640,392

  • 19 · Deferred revenue

    beginning of year $25,340,948 · end of year $30,619,565

  • 23 · Secured mortgages and notes payable

    beginning of year $940,000 · end of year $260,000

  • 25 · Other liabilities

    beginning of year $71,126 · end of year $259,632

  • 27 · Net assets without donor restrictions

    beginning of year $84,905,567 · end of year $94,045,701

  • 28 · Net assets with donor restrictions

    beginning of year $31,432,630 · end of year $52,942,236

Mission and programs · 2023

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 AND 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 2023, THE FOUNDATION COMPLETED THE FINAL ARCHITECTURAL DESIGN OF THE BUILDING AND CONTINUED DEVELOPMENT OF THE LANDSCAPE DESIGN OF THE SURROUNDING SITE, AND INTERPRETIVE DESIGN OF THE MUSEUM'S EXHIBITS. THE FOUNDATION LAUNCHED A PODCAST SERIES AND CONTINUED DEVELOPMENT OF AN 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 $932,143 · Grants $16,025

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Beckham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kermit Roosevelt III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Serena Roosevelt

    SECRETARY (LEFT NOV 2023)

    Total calculated
    $0
    Hours/week
    5

  • Vaughn Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Spencer Zwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Linda Pancratz

    CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Eileen Scheel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dr Eric Jolly

    DIRECTOR (LEFT APRIL 2023)

    Total calculated
    $0
    Hours/week
    5

  • Victoria Chambers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kjersti Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ted Roosevelt V

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Raymond David Vela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Douglas Brinkley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Chevy Humphrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Hilary Hamm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Saggau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edward O'Keefe

    CEO

    Total calculated
    $702,305
    From this org
    $676,354
    From related orgs
    $0
    Other
    $25,951
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $676,354
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,951
    Filer's total
    $702,305

  • Kathleen Jorgenson

    CONTROLLER

    Total calculated
    $91,876
    From this org
    $79,420
    From related orgs
    $0
    Other
    $12,456
    Hours/week
    1

  • Kenneth Vein

    DIRECTOR OF DESIGN AND CON

    Total calculated
    $232,307
    From this org
    $223,384
    From related orgs
    $0
    Other
    $8,923
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $223,384
    Bonus
    $0
    Other
    $0
    Deferred
    $6,715
    Nontaxable benefits
    $2,208
    Filer's total
    $232,307

  • Robert Lauf

    DIRECTOR OF PROGRAMMING AN

    Total calculated
    $191,367
    From this org
    $179,074
    From related orgs
    $0
    Other
    $12,293
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $179,074
    Bonus
    $0
    Other
    $0
    Deferred
    $5,400
    Nontaxable benefits
    $6,893
    Filer's total
    $191,367

  • Anthony Erickson

    ASSOCIATE DIRECTOR OF DESI

    Total calculated
    $144,009
    From this org
    $124,600
    From related orgs
    $0
    Other
    $19,409
    Hours/week
    55

  • Diane Andolsek

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $266,102
    From this org
    $234,722
    From related orgs
    $0
    Other
    $31,380
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $234,722
    Bonus
    $0
    Other
    $0
    Deferred
    $7,373
    Nontaxable benefits
    $24,007
    Filer's total
    $266,102

  • Daniel Muus

    CHEIF DEVELOPMENT OFFICER

    Total calculated
    $256,233
    From this org
    $224,618
    From related orgs
    $0
    Other
    $31,615
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $224,618
    Bonus
    $0
    Other
    $0
    Deferred
    $7,195
    Nontaxable benefits
    $24,420
    Filer's total
    $256,233

  • Karen Corsica

    ASSOCIATE DIRECTOR OF INTERPRETATION AND ENGAGEMEN

    Total calculated
    $132,520
    From this org
    $116,039
    From related orgs
    $0
    Other
    $16,481
    Hours/week
    1

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

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 $1,230,210

    Directly controlled by THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

  • 23 CROSSINGS LLC

    LAND HOLDING · ND · assets $851,754

    Directly controlled by THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
26 September 2024
IRS schema version
2023v5.1
Source object
202412749349300736

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