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The Barack Obama Foundation

Public charity
Other · CHICAGO, IL · EIN 46-4950751

About

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. A CORE purpose of the foundation is to build the obama presidential center (the "center"), housing the presidential museum (the "museum"), in jackson park on the south side of chicago. Construction of the center started in september 2021. The museum will tell the story of our nation's first african-american president and first LADY; their path to the white house; and the countless individuals, communities, and social currents that shaped their journey. The museum will focus on the historic obama presidency, its successes and challenges, and its legacy of inspiring individual people to come together to solve problems in their community. The center will use the obamas' personal story of community engagement and public service to inspire visitors to find their own paths to civic engagement and leadership. Building on the obamas' example of engaged citizenship, foundation programming focuses on giving the next generation of leaders the tools they need to create positive change in their communities. Through our scholars, global leaders, my brother's keeper alliance, girls opportunity alliance, and voyager scholarship, we invest in human potential to help emerging community leaders build the world they want to see.

Donations are tax-deductible
Category
Other
Employees
337
Volunteers
750

Financial Snapshot

FY ending 2024-12-31
Revenue
$209.8M
Expenses
$91.4M
Assets
$1.1B
Liabilities
$34.9M

Financial history

$309.3M$154.6M$0
161718192021222324
RevenueExpenses
Latest FY2024: $209.8M · Peak FY2022: $309.3M · Avg: $173.0M

Foreign activity (Schedule F)

Total spent abroad$655K
Foreign employees1
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EUROPE (INCLUDING ICELAND & GREENLAND)
EUROPE (INCLUDING ICELAND & GREENLAND)
SUB-SAHARAN AFRICA
SUB-SAHARAN AFRICA
EAST ASIA AND THE PACIFIC
SOUTH AMERICA

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$0
Grants Given
$8.9M
THE BARACK OBAMA FOUNDATION
Your actions

Address

6001 S Stony Island AVE
Chicago, IL, 60637-003

Governance

Voting board members16
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %100.0%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Gross fundraising receipts$20.1M
Net to org$17.7M
Retained by contractors$2.4M
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
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