Nonprofit · EIN 46-4950751
THE BARACK OBAMA FOUNDATION
Tax-exempt · CHICAGO, IL 60637
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $209,759,915 | $91,442,238 | $118,317,677 | $1,106,193,451 | $34,917,742 | $1,071,275,709 |
| December 31, 2023 | 990 | $140,586,104 | $87,462,284 | $53,123,820 | $986,582,755 | $24,253,363 | $962,329,392 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $194,905,424
- Program service revenue
- $0
- Investment income
- $14,843,290
- Net gain from sales of assets
- $4,237,993
- Net income from sales of inventory
- $11,201
- Other revenue
- $11,201
Expenses
- Grants and similar amounts paid
- $11,386,511
- Compensation of officers, directors and key employees
- $4,527,170
- Other salaries and wages
- $31,508,611
- Salaries, compensation and benefits (total)
- $43,693,713
- Professional fundraising fees
- $2,428,440
- Legal fees
- $584,609
- Accounting fees
- $263,659
- Occupancy
- $1,391,263
- Travel
- $2,426,427
- Depreciation
- $1,365,836
- Program services (functional)
- $51,126,361
- Management and general (functional)
- $16,681,891
- Fundraising (functional)
- $23,633,986
Balance sheet and other
- Total assets, start of year
- $986,582,755
- Total assets, end of year
- $1,106,193,451
- Total liabilities, end of year
- $34,917,742
- Net assets, end of year
- $1,071,275,709
- Land, buildings and equipment
- $620,303,709
- Publicly traded securities
- $139,901,672
- Net assets without donor restrictions
- $774,979,224
- Net assets with donor restrictions
- $296,296,485
- Gross receipts
- $619,407,495
- Employees
- 337
- Volunteers
- 750
- Year formed
- 2014
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE JARRETT | DIRECTOR/CEO Trustee or director, Officer | 40 | $740,000 | $15,862 |
| ROBBIN COHEN | EVP, OPC Key employee | 40 | $610,195 | $40,554 |
| ALFREDA BRADLEY-COAR | EVP, CHIEF LEGAL & PEOPLE OFFICER Key employee | 40 | $424,769 | $15,423 |
| CHRISTINA TCHEN | EVP, STRATEGY & IMPACT Key employee | 40 | $397,992 | $25,066 |
| LORI T HEALEY | SVP, EXECUTIVE PROJECT OFFICER Key employee | 40 | $371,232 | $25,066 |
| MICHAEL STRAUTMANIS | EVP, EXTERNAL AFFAIRS Key employee | 40 | $351,815 | $40,554 |
| AMMAR RIZKI | CFO Officer | 40 | $362,816 | $25,066 |
| LAURA LUCAS MAGNUSON | EVP, GLOBAL PROGRAMS Key employee | 40 | $359,929 | $25,526 |
| DANIEL MCGREGOR | SVP, DEVELOPMENT (END 12/24) Key employee | 40 | $314,714 | $22,236 |
| ELISABETH SICILIANO | SVP, STRATEGY, GOVERNANCE & RISK Key employee | 40 | $291,459 | $30,143 |
| CHARMAINE WILLIAMS | SVP, CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $306,400 | $14,011 |
| JAMIE-CLARE FLAHERTY | VP, DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $289,750 | $22,896 |
| LOUISE BERNARD | SVP, MUSEUM DIRECTOR Key employee | 40 | $287,308 | $22,585 |
| ROARK FRANKEL | DIRECTOR OF PLANNING & DELIVERY Highest-paid employee | 40 | $262,144 | $29,090 |
| CAITLIN GILMORE | VP, FUNDRAISING & DEVELOPMENT Highest-paid employee | 40 | $272,584 | $12,658 |
17 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RACHEL RAUSCHER | VP, DEVELOPMENT OPERATIONS (END 6/24) Highest-paid employee | 40 | $270,808 | $10,831 |
| ADREN WILSON | EXEC. DIRECTOR, MBK & VP, YOUTH OPPORTUNITY PRGMS Highest-paid employee | 40 | $251,816 | $21,386 |
| DAVID PLOUFFE | DIRECTOR/VP/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GLENN HUTCHINS | DIRECTOR/VICE CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| JOHN KEVIN POORMAN | DIRECTOR/PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| MARTIN H NESBITT | DIRECTOR/CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| MICHAEL SACKS | DIRECTOR/VP Trustee or director, Officer | 1 | $0 | $0 |
| PENNY PRITZKER | DIRECTOR/VICE CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| ROBERT WOLF | DIRECTOR/VP/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRODERICK JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE BALLMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEMOND MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN SALGADO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIANNA SMOOT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THELMA GOLDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE JARRETT | DIRECTOR/CEO Trustee or director, Officer | 40 | $740,000 | $14,948 |
| ROBBIN COHEN | EVP, OPC Key employee | 40 | $613,100 | $36,002 |
| ALFREDA BRADLEY-COAR | EVP, CHIEF LEGAL & PEOPLE OFFICER Key employee | 40 | $424,769 | $14,565 |
| CHRISTINA TCHEN | EVP, STRATEGY & IMPACT Key employee | 40 | $400,000 | $23,730 |
| LORI T HEALEY | SVP, EXECUTIVE PROJECT OFFICER Key employee | 40 | $369,886 | $23,730 |
| MICHAEL STRAUTMANIS | EVP, EXTERNAL AFFAIRS Key employee | 40 | $353,477 | $36,002 |
| AMMAR RIZKI | CFO Officer | 40 | $364,246 | $23,730 |
| LAURA LUCAS MAGNUSON | EVP, GLOBAL PROGRAMS Key employee | 40 | $362,801 | $24,138 |
| DANIEL MCGREGOR | SVP, DEVELOPMENT Key employee | 40 | $320,240 | $23,940 |
| JAMIE-CLARE PICKENS | VP, DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $304,991 | $22,730 |
| CHARMAINE WILLIAMS | SVP, CHIEF HUMAN RESOURCES OFFICER Key employee | 40 | $305,169 | $13,704 |
| LOUISE BERNARD | SVP, MUSEUM DIRECTOR Key employee | 40 | $289,424 | $22,107 |
| ELISABETH SICILIANO | SVP, STRATEGY, GOVERNANCE & RISK Highest-paid employee | 40 | $284,376 | $26,878 |
| RACHEL RAUSCHER | VP, DEVELOPMENT OPERATIONS Highest-paid employee | 40 | $264,837 | $21,124 |
| ROARK FRANKEL | DIRECTOR OF PLANNING & DELIVERY Highest-paid employee | 40 | $256,488 | $27,127 |
| CAITLIN GILMORE | VP, FUNDRAISING & DEVELOPMENT Highest-paid employee | 40 | $264,837 | $11,959 |
| KORI SCHULMAN | SVP, CREATIVE & COMMUNICATIONS Key employee | 40 | $234,856 | $32,557 |
| DAVID SIMAS | PRESIDENT (END 4/23) Officer | 40 | $193,968 | $14,836 |
| GABRIELA FRAGA | FORMER SVP, PRODUCT & TECHNOLOGY Former | 40 | $150,562 | $17,778 |
| DAVID PLOUFFE | DIRECTOR/VP/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GLENN HUTCHINS | DIRECTOR/VICE CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| JOHN KEVIN POORMAN | DIRECTOR/PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| MARTIN H NESBITT | DIRECTOR/CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| PENNY PRITZKER | DIRECTOR/VICE CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| ROBERT WOLF | DIRECTOR/VP/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRODERICK JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE BALLMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEMOND MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MAHALIA A HINES | DIRECTOR (END 6/23) Trustee or director | 1 | $0 | $0 |
| JOHN ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUAN SALGADO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIANNA SMOOT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SACKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THELMA GOLDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6001 S STONY ISLAND AVE, CHICAGO, IL 60637-0033
- Mailing address (990-N for 2021)
- 700 13TH ST NW STE 600, WASHINGTON DC 200053960
- Principal officer (990 for 2024)
- VALERIE JARRETT, 5235 SOUTH HARPER COURT NO 1140, CHICAGO, IL 60615
- Principal officer (990-N for 2021)
- Ethridge Darlene, 659 lake road, Atkins AR 72823
- Signed the 990
- AMMAR RIZKI, CHIEF FINANCIAL OFFICER
- Phone
- (773) 420-1700
- Return prepared by
- DELOITTE TAX LLP
Mission
SEE SCHEDULE O
Program accomplishments
- 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 2023-2024 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.THE OBAMA LEADERSHIP NETWORK ('OLN'): OLN CONNECTS ALL FOUNDATION LEADERSHIP PROGRAMS ALUMNI TO EACH OTHER, TO INCREASE THEIR INDIVIDUAL AND COLLECTIVE IMPACT AND HELP THEM SUSTAIN THEMSELVES AS LIFELONG VALUES-BASED LEADERS. THE FOUNDATION SUPPORTS THIS NETWORK THROUGH A VARIETY OF VIRTUAL AND IN-PERSON ACTIVITIES TO FOSTER CONNECTION, CONTINUED DEVELOPMENT, COMMUNITY, AND COLLABORATION. BY THE END OF 2024, OLN GREW TO INCLUDE 1,209 LEADERS IN NEARLY 150 COUNTRIES ACROSS 20 COHORTS OF OBAMA LEADERS, SCHOLARS, FELLOWS AND VOYAGERS.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: THE 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.Expenses $27,508,813 · grants $8,886,511
- OBAMA PRESIDENTAL CENTER:IN 2024 THE OBAMA FOUNDATION CONSTRUCTION ACTIVITIES INCLUDED COMPLETING THE MUSEUM BUILDING SUPERSTRUCTURE AND THE COMMENCEMENT AND INSTALLATION OF APPROXIMATELY 45% OF THE EXTERIOR CLADDING (STONE AND GLASS/CURTAINWALL) ACROSS THE MUSEUM, FORUM, AND LIBRARY BUILDINGS. CONSTRUCTION BEGAN ON THE ATHLETIC CENTER ("HOME COURT") AND BY YEAR'S END THE OVERALL CONSTRUCTION PROGRESS ON THE ATHLETIC CENTER WAS APPROXIMATELY 40% COMPLETE. INTERIOR FIT-OUT WORK BEGAN ON ALL FOUR CAMPUS BUILDINGS. ACTIVITIES ALSO INCLUDED ADVANCING THE MUSEUM COMPONENT THROUGH ACCELERATED EXHIBITION FABRICATION, MEDIA DEVELOPMENT, AND ARTIFACT MOUNTMAKING; ONGOING ARTIFACT COLLECTING, PRESERVATION, AND MANAGEMENT; AND EXPANDED ARTS COMMISSIONING ACTIVITY AND ARTS PROGRAM PLANNING. OPERATIONAL PLANNING BEGAN, FOCUSED ON FACILITIES, SECURITY, VISITOR EXPERIENCE, AND EARNED INCOME. IN ANTICIPATION OF THE OPENING OF THE OBAMA PRESIDENTIAL CENTER, REPRESENTATIVES OF THE FOUNDATION ALSO ATTENDED VARIOUS STAKEHOLDER AND COMMUNITY EVENTS THROUGHOUT THE CITY IN AN EFFORT TO BUILD STRONG RELATIONSHIPS AND SPREAD AWARENESS ABOUT THE OPC.Expenses $23,617,548 · grants $2,500,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4950751
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $1,106,193,451
- Income (IRS master file)
- $619,407,495
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $209,759,915 | $91,442,238 | $1,106,193,451 | XML |
| 990 | December 2023 | $140,586,104 | $87,462,284 | $986,582,755 | XML |
| 990 | December 2022 | $309,284,239 | $59,708,464 | $944,959,493 | IRS |
| 990-N for 2021 Officer: Ethridge Darlene | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4950751).
Questions about THE BARACK OBAMA FOUNDATION
- What is the EIN of THE BARACK OBAMA FOUNDATION?
- The employer identification number (EIN) of THE BARACK OBAMA FOUNDATION is 46-4950751.
- Is THE BARACK OBAMA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE BARACK OBAMA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BARACK OBAMA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE BARACK OBAMA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE BARACK OBAMA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE BARACK OBAMA FOUNDATION?
- The 990 for the year ended December 31, 2024 names VALERIE JARRETT.
- Who are the officers and directors of THE BARACK OBAMA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 32 people; 17 received compensation from the organization, the highest $740,000 (VALERIE JARRETT, DIRECTOR/CEO).
- How much revenue does THE BARACK OBAMA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $209,759,915, expenses of $91,442,238 and total assets of $1,106,193,451 at year end.
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