Civic Intelligence

The Barack Obama Foundation

990 • Fiscal year 2015 • EIN 46-4950751

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

5235 South Harper Court No 1140Chicago, IL 60615

(773) 420-1700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.35x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.74x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

7th percentile

-47%

Higher net margin than 7% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$253,150

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

71st percentile

8.7%

Faster asset growth than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,990,573

Up $319,734 (+8.7%) from 2014

Net Assets

Down

$2,577,981

Down $904,642 (-26%) from 2014

Liabilities

Up

$1,412,592

Up $1,224,376 (+651%) from 2014

Revenue

Down

$1,916,266

Down $3,518,611 (-65%) from 2014

Expenses

Up

$2,820,908

Up $868,654 (+44%) from 2014

Net Income

Down

-$904,642

Down $4,387,265 (-126%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2014: $3,670,839Liabilities 2014: $188,216Net Assets 2014: $3,482,6232014Assets 2015: $3,990,573Liabilities 2015: $1,412,592Net Assets 2015: $2,577,9812015Assets 2016: $13,448,613Liabilities 2016: $2,559,816Net Assets 2016: $10,888,7972016Assets 2017: $229,077,622Liabilities 2017: $4,843,532Net Assets 2017: $224,234,0902017Assets 2018: $355,887,803Liabilities 2018: $12,867,784Net Assets 2018: $343,020,0192018Assets 2019: $439,375,134Liabilities 2019: $9,829,875Net Assets 2019: $429,545,2592019Assets 2020: $563,740,541Liabilities 2020: $3,085,877Net Assets 2020: $560,654,6642020Assets 2021: $693,835,698Liabilities 2021: $13,780,091Net Assets 2021: $680,055,6072021Assets 2022: $944,959,493Liabilities 2022: $19,650,362Net Assets 2022: $925,309,1312022Assets 2023: $986,582,755Liabilities 2023: $24,253,363Net Assets 2023: $962,329,3922023Assets 2024: $1,106,193,451Liabilities 2024: $34,917,742Net Assets 2024: $1,071,275,7092024

Highlighted filing

2015

Assets$3,990,573
Liabilities$1,412,592
Net Assets$2,577,981

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MRevenue 2014: $5,434,877Expenses 2014: $1,952,254Net Income 2014: $3,482,6232014Revenue 2015: $1,916,266Expenses 2015: $2,820,908Net Income 2015: -$904,6422015Revenue 2016: $13,182,092Expenses 2016: $4,871,276Net Income 2016: $8,310,8162016Revenue 2017: $232,148,718Expenses 2017: $21,271,265Net Income 2017: $210,877,4532017Revenue 2018: $164,674,309Expenses 2018: $45,888,380Net Income 2018: $118,785,9292018Revenue 2019: $141,308,493Expenses 2019: $54,783,253Net Income 2019: $86,525,2402019Revenue 2020: $171,374,663Expenses 2020: $40,536,698Net Income 2020: $130,837,9652020Revenue 2021: $159,957,411Expenses 2021: $40,550,456Net Income 2021: $119,406,9552021Revenue 2022: $309,284,239Expenses 2022: $59,708,464Net Income 2022: $249,575,7752022Revenue 2023: $140,586,104Expenses 2023: $87,462,284Net Income 2023: $53,123,8202023Revenue 2024: $209,759,915Expenses 2024: $91,442,238Net Income 2024: $118,317,6772024

Highlighted filing

2015

Revenue$1,916,266
Expenses$2,820,908
Net Income-$904,642
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$1,916,266
Mission and Program Overview

Mission

The foundation's initial focus is the development of the presidential center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,942,362$2,348,817▼ $593,545
Pledges and Grants Receivable$656,737$340,557▼ $316,180
Land, Buildings, and Equipment, Net$9,443$32,494▲ $23,051
Savings and Temporary Cash Investments$30,000--
Prepaid Expenses and Deferred Charges$7,172$7,497▲ $325
Total Assets$3,670,839$3,990,573▲ $319,734
Other Assets Total$25,125$1,261,208▲ $1,236,083
Liabilities
Accounts Payable and Accrued Expenses$188,216$1,412,592▲ $1,224,376
Total Liabilities$188,216$1,412,592▲ $1,224,376
Net Assets / Fund Balance
Unrestricted Net Assets$2,825,886$2,244,648▼ $581,238
Temporarily Rstr Net Assets$656,737$333,333▼ $323,404
Total Net Assets Fund Balance$3,482,623$2,577,981▼ $904,642
Total Liabilities and Net Assets / Fund Balance$3,670,839$3,990,573▲ $319,734

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,264$10,236$33,500
Equipment$9,230$4,903$14,133
Other Assets Org$1,261,208--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robbin CohenExecutive DirectorFT$244,838$8,312$253,150
Jamison CitronExternal Affairs ManagerFT$137,500$7,022$144,522
Justin RosenthalStrategy & Operations ManagerFT$131,596$5,289$136,885
Jonabel RussetteDirector of Accounting & Admin.FT$121,329$15,023$136,352

Board Members and Trustees

NameTitle
Martin H NesbittDirector/chairman
J Kevin PoormanDirector/president
John DoerrDirector
Julianna SmootDirector
Maya Soetoro-ngDirector
Thelma GoldenDirector
David PlouffeDirector/VP/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Katten Muchin Rosenman LLPLegal525 WEST MONROE, Chicago, IL 60661$296,759
Blue State DigitalMarketing And Communications101 AVENUE OF THE AMERICAS - 12TH F, New York, NY 10013$272,879
SkdknickerbockerMarketing And Communications1150 18TH STREET NW - SUITE 800, Washington, DC 20036$182,865
Peter Edward Arendt LLCConsulting6012 EL CAMPO AVENUE, Fort Worth, TX 76107$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,916,247
Program Service Revenue
$0
Investment Income
$19
Other Revenue
$0
All Other Contributions
$1,916,247
Change in Net Assets
$-904,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,916,266
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$156,330
Total Revenue per Audited Statements
$2,072,596
Total Revenue per Form 990
$1,916,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,697,777
Salaries, Compensation, and Employee Benefits$1,111,131
Total Fundraising Expense$91,206
Professional Fundraising Fees$12,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$610,382$72,324$744$683,450
Current Officers, Directors, Trustees, and Key Employees$390,155$215,177$29,931$635,263
Advertising$489,642$140,991-$630,633
Other Salaries and Wages$278,159$93,528$4,189$375,876
Fees for Services Legal$157,929$58,775$28,660$245,364
Payroll Taxes$41,269$19,452$2,224$62,945
Travel$47,102$13,340$139$60,581
Other Employee Benefits$15,906$19,475$1,666$37,047
Office Expenses$5,401$17,488$11,466$34,355
Fees for Services Accounting-$14,705-$14,705
Depreciation Depletion$12,881$1,080$187$14,148
Fees for Services Professional Fundraising--$12,000$12,000
Insurance-$11,708-$11,708
Conferences and Meetings$1,975--$1,975
Information Technology-$858-$858
Total Functional Expenses$2,050,801$678,901$91,206$2,820,908

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,977,238
Expenses per Audited Statements$2,820,908
Total Expenses per Form 990$2,820,908
Expenses Not Reported on Form 990$156,330
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$12,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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
No
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 B, Line 11

The 990 is provided to and reviewed by the foundation's board members before filing.

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

The foundation requires all directors to review and sign a conflict of interest disclosure statement on an annual basis. The foundation's legal counsel reviews the disclosures and works with the board of directors to resolve any disclosed conflicts.

Form 990, Part VI, Section B, Line 15A

The board of directors uses comparability data to review and approve the compensation of the executive director on an annual basis.

Form 990, Part VI, Section C, Line 18

The foundation makes its exempt status application and form 990 available for public inspection upon written request. The foundation's form 990 is also available on the foundation's website and guidestar's website.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents and conflict of interest policy available upon written request. The foundation's audited financial statements are available on the foundation's website.

Filing and Contact Details

Filer

Filer Name
The Barack Obama Foundation
EIN
46-4950751
Phone
7734201700
Address
5235 SOUTH HARPER COURT NO 1140, CHICAGO, IL 60615

Signing Officer

Name
Robbin Cohen
Title
Executive Director
Phone
7734201700
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robbin Cohen
Formed
2014
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
12

Preparer

Firm
Washington Pittman and Mckeever LLC
Address
819 SOUTH WABASH AVENUE - SUITE 600, CHICAGO, IL 60605
Phone
3127860330
Supplemental Narrative

Additional Explanations

990 Part III Line 1

The barack obama foundation (the "foundation") is a nonprofit foundation which was established to plan and develop a presidential center to engage in activities reflecting president obama's and the first lady's values and priorities throughout his career in public service: expanding economic opportunity, inspiring an ethic of american citizenship, and promoting peace, justice and dignity throughout the world. The foundation envisions a presidential center that, through its mission, initiatives, and physical and virtual presence, advances and interprets the themes of civic engagement, global perspective, health and wellness, environmental stewardship, public education, a spirit of innovation, and will become an anchor for economic development and cultivate a strong relationship with the center's surrounding community. The presidential center will house the presidential library, as well as a museum and a broader campus. The presidential library will be created under the presidential libraries act of 1955 and national archives and records administration (nara) guidelines. The foundation anticipates negotiating a joint use agreement with nara regarding the operation of a portion of the presidential center.

Form 990, Part IX, Line 11G

Hr consultant: program service expenses 0. Management and general expenses 2,500. Fundraising expenses 0. Total expenses 2,500. Recruiting fees: program service expenses 0. Management and general expenses 61,833. Fundraising expenses 0. Total expenses 61,833. Programming consultants: program service expenses 500,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 500,000. Other: program service expenses 35,132. Management and general expenses 7,991. Fundraising expenses 744. Total expenses 43,867. Real estate consultants: program service expenses 65,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,000. Academic consultant: program service expenses 10,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,250.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8STRATEGY & OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXTERNAL AFFAIRS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF ACCOUNTING & ADMIN.
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IRS990/FormationYr02014
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01916266
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0858
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IRS990/InsuranceGrp/TotalAmt011708
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt02577981
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt011466
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017488
IRS990/OfficeExpensesGrp/ProgramServicesAmt05401
IRS990/OfficeExpensesGrp/TotalAmt034355
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025125
IRS990/OtherAssetsTotalGrp/EOYAmt01261208
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01666
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019475
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015906
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037047
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04189
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt093528
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0278159
IRS990/OtherSalariesAndWagesGrp/TotalAmt0375876
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02224
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019452
IRS990/PayrollTaxesGrp/ProgramServicesAmt041269
IRS990/PayrollTaxesGrp/TotalAmt062945
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0656737
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0340557
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07172
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07497
IRS990/PrincipalOfficerNm0ROBBIN COHEN
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt0466194
IRS990/PYTotalRevenueAmt05434877
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030000
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION DATE OF INCEPTION WAS JANUARY 31,2014.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II SECTION B LINE 13
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01916247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05434877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07351124
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt07351124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01916247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05434877
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07351124
IRS990ScheduleA/TotalSupportAmt07351143
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0156330
IRS990ScheduleD/DonatedServicesUseFcltsAmt0156330
IRS990ScheduleD/EquipmentGrp/BookValueAmt09230
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014133
IRS990ScheduleD/ExpensesNotReportedAmt0156330
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02820908
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01261208
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PRE-DEVELOPMENT COST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023264
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010236
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033500
IRS990ScheduleD/RevenueNotReportedAmt0156330
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01916266
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032494
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01261208
IRS990ScheduleD/TotalExpensesPerForm990Amt02820908
IRS990ScheduleD/TotalRevenuePerForm990Amt01916266
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02072596
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02977238
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0244838
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08312
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBBIN COHEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0253150
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS USES COMPARABILITY DATA TO REVIEW AND APPROVE THE COMPENSATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BARACK OBAMA FOUNDATION (THE "FOUNDATION") IS A NONPROFIT FOUNDATION WHICH WAS ESTABLISHED TO PLAN AND DEVELOP A PRESIDENTIAL CENTER TO ENGAGE IN ACTIVITIES REFLECTING PRESIDENT OBAMA'S AND THE FIRST LADY'S VALUES AND PRIORITIES THROUGHOUT HIS CAREER IN PUBLIC SERVICE: EXPANDING ECONOMIC OPPORTUNITY, INSPIRING AN ETHIC OF AMERICAN CITIZENSHIP, AND PROMOTING PEACE, JUSTICE AND DIGNITY THROUGHOUT THE WORLD. THE FOUNDATION ENVISIONS A PRESIDENTIAL CENTER THAT, THROUGH ITS MISSION, INITIATIVES, AND PHYSICAL AND VIRTUAL PRESENCE, ADVANCES AND INTERPRETS THE THEMES OF CIVIC ENGAGEMENT, GLOBAL PERSPECTIVE, HEALTH AND WELLNESS, ENVIRONMENTAL STEWARDSHIP, PUBLIC EDUCATION, A SPIRIT OF INNOVATION, AND WILL BECOME AN ANCHOR FOR ECONOMIC DEVELOPMENT AND CULTIVATE A STRONG RELATIONSHIP WITH THE CENTER'S SURROUNDING COMMUNITY. THE PRESIDENTIAL CENTER WILL HOUSE THE PRESIDENTIAL LIBRARY, AS WELL AS A MUSEUM AND A BROADER CAMPUS. THE PRESIDENTIAL LIBRARY WILL BE CREATED UNDER THE PRESIDENTIAL LIBRARIES ACT OF 1955 AND NATIONAL ARCHIVES AND RECORDS ADMINISTRATION (NARA) GUIDELINES. THE FOUNDATION ANTICIPATES NEGOTIATING A JOINT USE AGREEMENT WITH NARA REGARDING THE OPERATION OF A PORTION OF THE PRESIDENTIAL CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PROVIDED TO AND REVIEWED BY THE FOUNDATION'S BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REQUIRES ALL DIRECTORS TO REVIEW AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. THE FOUNDATION'S LEGAL COUNSEL REVIEWS THE DISCLOSURES AND WORKS WITH THE BOARD OF DIRECTORS TO RESOLVE ANY DISCLOSED CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS USES COMPARABILITY DATA TO REVIEW AND APPROVE THE COMPENSATION OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS EXEMPT STATUS APPLICATION AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST. THE FOUNDATION'S FORM 990 IS ALSO AVAILABLE ON THE FOUNDATION'S WEBSITE AND GUIDESTAR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON WRITTEN REQUEST. THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HR CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,500. RECRUITING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 61,833. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,833. PROGRAMMING CONSULTANTS: PROGRAM SERVICE EXPENSES 500,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 500,000. OTHER: PROGRAM SERVICE EXPENSES 35,132. MANAGEMENT AND GENERAL EXPENSES 7,991. FUNDRAISING EXPENSES 744. TOTAL EXPENSES 43,867. REAL ESTATE CONSULTANTS: PROGRAM SERVICE EXPENSES 65,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,000. ACADEMIC CONSULTANT: PROGRAM SERVICE EXPENSES 10,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,250.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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