Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
56 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
32 people listed on the 990; $6.2M paid to officers and key staff.
Valerie Jarrett’s $740K as Director/CEO is at the 49th percentile of top reported officer pay among 53 $100M+ arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Valerie Jarrett | $740,000 | $740,000 | $740,000 | $581,305 | — |
| David Simas | — | $193,968 | $658,136 | $545,890 | $575,839 |
| Robbin Cohen | $610,195 | $613,100 | $613,136 | $495,877 | $518,282 |
| Adewale Adeyemo | — | — | — | $83,077 | $540,000 |
| Glenn Brown | — | — | — | — | $472,218 |
| Alfreda Bradley-Coar | $424,769 | $424,769 | $412,384 | — | — |
| Christina Tchen | $397,992 | $400,000 | $184,615 | — | — |
| Lori T Healey | $371,232 | $369,886 | $336,462 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds the Obama Presidential Center and runs leadership programs to inspire, empower, and connect people to create positive change in their communities.
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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…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $192.4M | $116.5M |
| InvestmentsLn 11–13 | $132.9M | $139.9M |
| Land, buildings, equipmentLn 10c | $398.0M | $620.3M |
| Total assetsLn 16 | $986.6M | $1.11B |
| LiabilitiesLn 26 | $24.3M | $34.9M |
| Net assetsLn 32 | $962.3M | $1.07B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $7.1M | $7.1M | ||
| Grants to domestic individualsLn 2 | $4.2M | $4.2M | ||
| Grants and assistance to foreign recipientsLn 3 | $3K | $3K | ||
| Pay of current officers, directors and key staffLn 5 | $4.5M | $2.5M | $1.3M | $808K |
| Other salaries and wagesLn 7 | $31.5M | $16.3M | $7.9M | $7.3M |
| Pension plan contributionsLn 8 | $1.4M | $735K | $360K | $316K |
| Other employee benefitsLn 9 | $3.6M | $1.9M | $922K | $811K |
| Payroll taxesLn 10 | $2.6M | $1.4M | $671K | $590K |
| Legal feesLn 11b | $585K | $332K | $113K | $140K |
| Accounting feesLn 11c | $264K | $264K | ||
| Professional fundraising feesLn 11e | $2.4M | $2.4M | ||
| Investment management feesLn 11f | $87K | $87K | ||
| Other fees for servicesLn 11g | $8.8M | $6.9M | $1.1M | $768K |
| Advertising and promotionLn 12 | $483K | $483K | ||
| Office expensesLn 13 | $6.7M | $120K | $241K | $6.3M |
| Information technologyLn 14 | $3.4M | $1.2M | $1.4M | $902K |
| OccupancyLn 16 | $1.4M | $934K | $290K | $167K |
| TravelLn 17 | $2.4M | $1.2M | $187K | $1.1M |
| Conferences, conventions and meetingsLn 19 | $4.2M | $2.8M | $83K | $1.3M |
| InterestLn 20 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $1.4M | $961K | $357K | $48K |
| InsuranceLn 23 | $297K | $174K | $66K | $56K |
| Other expenses (24a–d)Ln 24 | $3.8M | $2.3M | $1.3M | $189K |
| All other expensesLn 24e | $72K | $72K | ||
| Total functional expensesLn 25 | $91.4M | $51.1M | $16.7M | $23.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $209.8M | $91.4M | $118.3M | $1.1B | 990 PDF |
| FY2023 | $140.6M | $87.5M | $53.1M | $962.3M | 990 PDF |
| FY2022 | $309.3M | $59.7M | $249.6M | $925.3M | 990 PDF |
| FY2021 | $160.0M | $40.6M | $119.4M | $680.1M | 990 PDF |
| FY2020 | $171.4M | $40.5M | $130.8M | $560.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $209,759,915 across 6 lines filed
Part IX · Statement of functional expenses $91,442,238 across 24 lines filed
Part X · Balance sheet $1,106,193,451 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,071,275,709 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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