Civic Intelligence

John Fitzgerald Kennedy Library Foundation Incorporated

EIN 04-6113130 • 501(c)3 • Boston, MA

CO Doris Drummond Columbia PointBoston, MA 02125
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.08x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$423,743

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

48th percentile

5.4%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-5.0%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$61,363,736

Up $3,154,407 (+5.4%) from 2023

Liabilities

Down

$667,622

Down $122,797 (-16%) from 2023

Net Assets

Up

$60,696,114

Up $3,277,204 (+5.7%) from 2023

Revenue

Down

$8,702,481

Down $457,971 (-5.0%) from 2023

Expenses

Down

$7,621,744

Down $1,375,295 (-15%) from 2023

Net Income

Up

$1,080,737

Up $917,324 (+561%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $46,686,611Liabilities 2010: $1,234,114Net Assets 2010: $45,452,4972010Assets 2011: $42,482,312Liabilities 2011: $509,219Net Assets 2011: $41,973,0932011Assets 2012: $44,744,871Liabilities 2012: $722,886Net Assets 2012: $44,021,9852012Assets 2013: $49,816,539Liabilities 2013: $939,778Net Assets 2013: $48,876,7612013Assets 2014: $49,835,298Liabilities 2014: $1,725,734Net Assets 2014: $48,109,5642014Assets 2015: $44,162,412Liabilities 2015: $1,234,280Net Assets 2015: $42,928,1322015Assets 2016: $45,238,135Liabilities 2016: $661,317Net Assets 2016: $44,576,8182016Assets 2017: $52,983,018Liabilities 2017: $653,469Net Assets 2017: $52,329,5492017Assets 2018: $49,378,949Liabilities 2018: $1,040,698Net Assets 2018: $48,338,2512018Assets 2019: $53,642,138Liabilities 2019: $1,202,939Net Assets 2019: $52,439,1992019Assets 2020: $59,036,101Liabilities 2020: $762,621Net Assets 2020: $58,273,4802020Assets 2021: $64,242,661Liabilities 2021: $675,454Net Assets 2021: $63,567,2072021Assets 2022: $53,033,033Liabilities 2022: $2,348,383Net Assets 2022: $50,684,6502022Assets 2023: $58,209,329Liabilities 2023: $790,419Net Assets 2023: $57,418,9102023Assets 2024: $61,363,736Liabilities 2024: $667,622Net Assets 2024: $60,696,1142024

Highlighted filing

2024

Assets$61,363,736
Liabilities$667,622
Net Assets$60,696,114

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,907,4322010Expenses 2011: $6,630,2922011Expenses 2012: $6,656,3312012Revenue 2013: $8,097,665Expenses 2013: $6,072,427Net Income 2013: $2,025,2382013Revenue 2014: $8,716,805Expenses 2014: $7,421,374Net Income 2014: $1,295,4312014Revenue 2015: $6,561,502Expenses 2015: $7,813,883Net Income 2015: -$1,252,3812015Revenue 2016: $5,249,907Expenses 2016: $4,654,136Net Income 2016: $595,7712016Revenue 2017: $13,811,841Expenses 2017: $6,599,168Net Income 2017: $7,212,6732017Revenue 2018: $8,506,003Expenses 2018: $7,107,921Net Income 2018: $1,398,0822018Revenue 2019: $6,537,419Expenses 2019: $9,839,197Net Income 2019: -$3,301,7782019Revenue 2020: $7,292,375Expenses 2020: $5,724,372Net Income 2020: $1,568,0032020Revenue 2021: $9,493,249Expenses 2021: $6,039,017Net Income 2021: $3,454,2322021Revenue 2022: $6,797,290Expenses 2022: $9,848,206Net Income 2022: -$3,050,9162022Revenue 2023: $9,160,452Expenses 2023: $8,997,039Net Income 2023: $163,4132023Revenue 2024: $8,702,481Expenses 2024: $7,621,744Net Income 2024: $1,080,7372024

Highlighted filing

2024

Revenue$8,702,481
Expenses$7,621,744
Net Income$1,080,737

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.4$0.67$60.7$8.70$7.62$1.08
2023Detailed filing. Detailed filing data is available for this year.$58.2$0.79$57.4$9.16$9.00$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.0$2.35$50.7$6.80$9.85$3.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.2$0.68$63.6$9.49$6.04$3.45
2020Detailed filing. Detailed filing data is available for this year.$59.0$0.76$58.3$7.29$5.72$1.57
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.6$1.20$52.4$6.54$9.84$3.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.4$1.04$48.3$8.51$7.11$1.40
2017Detailed filing. Detailed filing data is available for this year.$53.0$0.65$52.3$13.8$6.60$7.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.2$0.66$44.6$5.25$4.65$0.60
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.2$1.23$42.9$6.56$7.81$1.25
2014Detailed filing. Detailed filing data is available for this year.$49.8$1.73$48.1$8.72$7.42$1.30
2013Detailed filing. Detailed filing data is available for this year.$49.8$0.94$48.9$8.10$6.07$2.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$0.72$44.0$6.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$0.51$42.0$6.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$1.23$45.5$5.91
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 29, 2024
Return Version
2023v5.1
Gross Receipts
$15,024,941
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$36,115,880$39,741,238▲ $3,625,358
Investments Other Securities$10,845,518$12,567,288▲ $1,721,770
Pledges and Grants Receivable$2,483,324$2,073,827▼ $409,497
Cash and Non-Interest-Bearing Accounts$743,940$1,218,073▲ $474,133
Prepaid Expenses and Deferred Charges$452,642$364,760▼ $87,882
Accounts Receivable$306,157$58,703▼ $247,454
Land, Buildings, and Equipment, Net$9,075$0▼ $9,075
Total Assets$53,033,033$58,209,329▲ $5,176,296
Other Assets Total$2,076,497$2,185,440▲ $108,943
Liabilities
Accounts Payable and Accrued Expenses$2,344,494$789,561▼ $1,554,933
Other Liabilities$3,889$858▼ $3,031
Total Liabilities$2,348,383$790,419▼ $1,557,964
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,567,982$43,981,168▲ $4,413,186
Net Assets With Donor Restrictions$11,116,668$13,437,742▲ $2,321,074
Total Net Assets Fund Balance$50,684,650$57,418,910▲ $6,734,260
Total Liabilities and Net Assets / Fund Balance$53,033,033$58,209,329▲ $5,176,296

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$581,465$581,465
Other Land Buildings$0$426,054$426,054
Other Securities$12,567,288--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$17,509,470-▲ $2,845,201$659,455$19,695,216
2022$22,146,444-▼ $3,757,595$879,379$17,509,470
2021$20,171,179-▲ $2,081,016$105,751$22,146,444
2020$17,785,678-▲ $2,516,972$129,471$20,171,179
2019$15,352,925-▲ $2,608,078$172,425$17,785,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel FlorExecutive DirectorFT$328,744$94,054$422,798
Doris R DrummondChief Financial OfficerFT$275,000$85,093$360,093
Maura HammerVP of DevelopmentFT$249,400$70,705$320,105
Valerie LinsonVP, Communications & External AffairsFT$199,673$30,223$229,896
Valerie LinsonVP, Communications & External Affair-$183,150$46,746$229,896
Richard KingDirector of Marketing & PartnershipsFT$115,058$56,109$171,167
Sarina SadanaDirector of Development Events & Ops.FT$121,854$23,856$145,710
Hilary JusticeHemingway Scholar in ResidenceFT$101,333$34,176$135,509
Elizabeth MurphyForum ProducerFT$109,671$22,822$132,493

Board Members and Trustees

NameTitle
Ronald L SargentChair
Laurie a LeshinVice Chair (until 4/26/23)
James F KelleherVice Chair, Treasurer
Allan BoomerDirector
B Marc AllenDirector
Christine HeenanDirector
Christopher J CassidyDirector
David S GassonDirector
Edwin a SchlossbergDirector
John LeslieDirector
Joy LiuDirector
Kaiyuan WangDirector
Karen LynchDirector
Katy KnoxDirector
Lepi Jha FishmanDirector
Marcelo Suarez-orozcoDirector
Matthew R KennedyDirector
Michael SteedDirector
Michael a TylerDirector
Micho F SpringDirector
Pamela EricksonDirector
Pamela a WickhamDirector
Patricia a JacobsDirector
Robert E RileyDirector
Scott SchusterDirector
Sheel TyleDirector
Stephen E Smith JrDirector
Tatiana SchlossbergDirector
The Honorable James T BrettDirector
Thomas E SamolukDirector
Tushara DilanieDirector
Vlad Y BarbalatDirector
William F LeeDirector
Yvonne GarciaDirector
CONAN O'BRIENDirector (until 4/26/23)
Phyllis N SegalDirector (until 4/26/23)
Ranny F CooperDirector (until 4/26/23)
Richard K Donahue JrDirector (until 4/26/23)
Stephen E CanterDirector (until 4/26/23)
Edward J HoffDirector (until 6/28/23)
David C WeinsteinSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Chromatic LLCSoftware Development2144 W RICE ST 3E, Chicago, IL 60622$621,490
Onward ConsultingFundraising Consultants1451 GLENMORE AVE, Baton Rouge, LA 70808$355,000
Precision StrategiesMarketing Consultants901 NEW YORK AVE NW SUITE 530, Washington, DC 20001$306,470
Gourmet CaterersCatering Service3867 WASHINGTON ST, Boston, MA 02131$263,679
The Avalon Consulting GroupFundraising Consultants805 15TH ST NW SUITE 700, Washington, DC 20005$166,868
Revenue and Support

Revenue Composition

Contributions and Grants
$7,262,818
Program Service Revenue
$83,418
Investment Income
$1,642,583
Other Revenue
$171,633
All Other Contributions
$4,307,069
Change in Net Assets
$163,413

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$1,094,657Fair Market Value (FMV)
Total Noncash Contributions4$1,094,657-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,060,452
Revenue Not Reported on Financial Statements
$100,000
Revenue Not Reported on Form 990
$8,983,818
Total Revenue per Audited Statements
$18,044,270
Total Revenue per Form 990
$9,160,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,169,068
Salaries, Compensation, and Employee Benefits$4,164,529
Total Fundraising Expense$1,998,126
Professional Fundraising Fees$594,342
Grants and Similar Amounts Paid$69,100

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,246,041$283,213$525,860$2,055,114
Current Officers, Directors, Trustees, and Key Employees$411,154$400,422$407,426$1,219,002
Fees for Services Other$1,121,282$43,180$12,625$1,177,087
Information Technology$631,384$45,703$69,960$747,047
Fees for Services Professional Fundraising--$594,342$594,342
Conferences and Meetings$469,646$24,506$54,058$548,210
Other Employee Benefits$298,017$91,758$143,213$532,988
Advertising$526,130$300-$526,430
Other Expenses$500,000--$500,000
Payroll Taxes$118,994$40,739$65,469$225,202
Travel$171,693$9,656$8,227$189,576
Pension Plan Contributions$80,595$14,178$37,450$132,223
Office Expenses$39,940$35,983$32,002$107,925
Fees for Service Investment Mgmnt Fees-$100,000-$100,000
All Other Expenses$5,428$79,427$9,397$94,252
Fees for Services Accounting-$72,920-$72,920
Grants to Domestic Individuals$62,540--$62,540
Insurance$25,550$9,691$14,097$49,338
Fees for Services Lobbying-$110$24,000$24,110
Payment Travel Entrtnmnt Publicly Ofcl$23,098--$23,098
Depreciation Depletion$9,075--$9,075
Foreign Grants$6,560--$6,560
Total Functional Expenses$5,747,127$1,251,786$1,998,126$8,997,039

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,310,010
Total Expenses per Form 990$8,997,039
Expenses per Audited Statements$8,897,039
Expenses Not Reported on Form 990$2,412,971
Expenses Not Reported on Financial Statements$100,000
International Activity

International Summary

Offices
0
Employees
0
Spending
$2,440,383

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsResearch00$2,433,823
Central America and the CaribbeanGrants-00$5,000
Europe (including Iceland & Greenland)GrantsResearch00$1,560
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$594,342
Fundraising Direct Expenses$233,396
Fundraising Gross Income$233,396

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
May Dinner$2,011,513$233,396$52,586$180,810
Total Events$2,011,513$233,396$233,396$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Library$858
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Edwin schlossberg & tatiana schlossberg - family relationship

Form 990, Part VI, Section B, Line 11B

The foundation staff prepares tax information and provides it to a public accounting firm and the return is prepared and reviewed by a public accounting firm that signs as paid preparer. As part of a formal meeting, the audit committee performs a detailed review of the form 990 with management. Subsequent to their satisfactory review, the full board of directors receives the final form 990 prior to filing. All questions are answered and resolved by management prior to filing the documents with the irs.

Form 990, Part VI, Section B, Line 12C

On an annual basis, the foundation distributes conflict of interest questionnaires which the board members complete and return. Management of the foundation reviews the returned questionnaires for compliance. If a conflict is discovered it is escalated to the appropriate party within the organization.

Form 990, Part VI, Section B, Line 15

The board of directors has established a compensation committee comprised of independent members, for which they have the delegated authority to review all compensation matters. This committee meets at least annually, if not more frequently, to review the compensation of the executive director and key employees. The committee has hired a compensation consultant to prepare comparable data which is relied upon to make compensation decisions. Minutes of each meeting are prepared and approved by the committee within 60 days.

Form 990, Part VI, Section C, Line 19

Financial statements are available to the public upon written or verbal request. They are also filed annually with form ma pc filed with the massachusetts attorney general's office. Certain governing documents are available at the massachusetts secretary of state's office. The conflict of interest policy is available upon written or verbal request. Form 990 is available upon request or on guidestar.org.

Filing and Contact Details

Filer

Filer Name
John Fitzgerald Kennedy Library
EIN
04-6113130
Phone
6175141668
Address
CO DORIS DRUMMOND COLUMBIA POINT, BOSTON, MA 02125

Signing Officer

Name
Doris Drummond
Title
Chief Financial Officer
Phone
6175141668
Signed
2024-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Flor
Formed
1963
Legal Domicile
Ma
Voting Board Members
34
Independent Board Members
34
Employees
36
Volunteers
224

Preparer

Firm
Cbiz Mhm LLC
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 AND PART III, LINE 1:

The john f. Kennedy presidential library and museum (the "library") is the nation's official memorial to the thirty-fifth president. The library, which was constructed with private funds donated by the public, is administered by the national archives and records administration. The library receives an annual federal appropriation for building maintenance and a portion of its personnel costs. The balance of their financial support has historically been provided by income generated from museum admission fees, usage fees for the library's meeting facilities, and through the generosity of thousands of private individuals, corporations, state appropriations and grants, and foundations who donate money and in-kind services to the john f. Kennedy library foundation ("foundation"). The library and the foundation are united in a common mission to perpetuate president kennedy's ideal that political and public service be conducted and exemplified as an honorable and patriotic profession. The foundation, representing a wide variety of constituencies within the general public, works closely with the library to develop programs that advance the study and understandings of president kennedy's life and the times in which he lived; and that promote a greater appreciation of america's political and cultural heritage, the process of governing, and the importance of public service. The private financial support provided by the foundation enables the federal government to expand the library's research and archival capacity, through the digitization program, to undertake marketing and public outreach projects, to offer intern and research fellowship programs, to enhance its museum and exhibits, and to offer nationally recognized educational and public programming. In addition to its support of the library, the foundation directly sponsors programs and activities that help people understand the major challenges facing democracy today; that inspire current and future generations to political participation and public service; and that promote debate and discussion of issues at the heart of contemporary democracy that relate to the legacy of president john f. Kennedy. The close relationship between the john f. Kennedy presidential library and museum and the john f. Kennedy library foundation illustrates the benefits to society and the american taxpayer that accrue from such public/private partnerships. Mission statement the primary mission of the john fitzgerald kennedy library foundation is to support the work of the john f. Kennedy presidential library and museum whose core function is to collect, preserve, and make accessible for research the documents, audiovisual materials, and historical artifacts of president kennedy, his family, and his contemporaries. Strategic plan the john fitzgerald kennedy library foundation has committed to play a more active role in the public square by renewing president kennedy's "ask not" challenge and galvanizing a new generation of americans to ask what we can do for our country and our world. The foundation's strategic plan includes forging innovative partnerships to develop outreach and initiatives that will lead the organization to: goal #1: reach, inspire and activate emerging leaders the jfk library foundation will reach, inspire, and activate new audiences to engage with and build on the legacy of president kennedy as citizens, leaders, and public servants. Goal #2: become a leader among cultural institutions in innovative virtual engagement the jfk library foundation will reach, inspire, and activate new audiences by building on its current digital offerings and creating new engagement opportunities for those who cannot visit the museum in person. Goal #3: become a more inclusive cultural institution the kennedy library foundation will play an active role in extending president kennedy's commitment to building a more just, equitable world by centering the experience of historically marginalized groups in the

Form 990, Part IX, Line 11G

It, website and digitization system development, museum design, and program: program service expenses 1,121,282. Management and general expenses 43,180. Fundraising expenses 12,625. Total expenses 1,177,087.

FORM 990, PART IX, LINE 18:

Payments of travel or entertainment expenses for any federal, state, or local public officials the foundation holds programs, such as public forums, the profile in courage award and the profile in courage essay contest, where public officials may be participants in the program or on a selection committee. Those officials may receive reimbursement for their travel expenses in order to participate in such programs.

Financial Statement Notes

PART III, LINE 1A:

The foundation maintains a small collection of historical artifacts for public exhibition and education in futherance of public service and not for financial gain. The foundation does not capitalize its collection of historical artifacts. The cost of collection items purchased is recorded as a decrease in the appropriate category of net assets. Proceeds from sales of collection items are used to acquire other items for collection or for the preservation of collections.

PART III, LINE 4:

The foundation holds a small collection of items donated from the estate of mrs. Kennedy along with various intellectual properties, including audio visual licensing rights donated by cbs. The intellectual property is used by researchers, along with television or movie producers, fees which are used to support the mission of the foundation.

PART V, LINE 4:

The foundation holds endowment funds and board designated endowments to support fellowships, education programs, hemingway programs, the profile in courage award, museum preservation and conservation and for unrestricted use.

PART X, LINE 2:

The foundation is recognized by the internal revenue service as an organization under section 501(c)(3) of the internal revenue code (the "code") and thus is generally exempt from federal and state income taxes on related income. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. The foundation has determined that its status as a tax exempt entity and its determinations as to its income being related or unrelated are not considered uncertain tax positions within the meaning of generally accepted accounting principles for its open tax years. The foundation's tax returns are generally open for examination for three years following the date filed. The foundation is not currently under examination by taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 233,396.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 233,396.

Raw XML AppendixShowing 400 of 1,167 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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