Overview
What is The Barack Obama Foundation?
The Barack Obama Foundation is a nonprofit organization dedicated to inspiring and empowering individuals to make a difference in the world. Based on the provided information, their core mission is to connect and engage people in transformative initiatives that reflect the legacy of President and Mrs. Obama. While specific programs or activities are not explicitly stated, the organization's aim is to provide opportunities for personal growth and community impact.
Official website here: www.obama.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Barack Obama Foundation has earned a Three-Star rating due to its high accountability and finance score, reflecting strong governance practices. With 93% of its board members being independent and a solid audit oversight framework, the organization demonstrates a commitment to transparency and responsible financial management. Notably, it has no material diversions of assets and adheres to robust conflict of interest and whistleblower policies.
However, the foundation's program expense ratio of 58.27% and fundraising efficiency ratio of $0.072 reveal areas for improvement. A significant portion of its funding appears to be allocated toward administrative costs rather than direct program services. Additionally, the absence of a donor privacy policy may raise concerns regarding the handling of donor information.
Overall, while the foundation showcases strong accountability and financial practices, enhancing its program expenditure and addressing the noted limitations could strengthen its overall impact and donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Barack Obama Foundation legitimate?
The Barack Obama Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Barack Obama Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,205,420
Professional Fundraising Fees: $540,000
Other Salaries and Wages: $20,621,921
For more financial information, click here
Official website here: www.obama.org
What is the mission statement of The Barack Obama Foundation?
The Barack Obama Foundation is dedicated to inspiring and empowering individuals to bring about change in their communities and beyond. This mission is geared towards making a positive impact on the world. The foundation aspires to honor the legacy of President and Mrs. Obama by fostering a culture of engagement and activism. Through various initiatives, the foundation aims to connect people and provide them with the tools and resources necessary to enact meaningful change. By inspiring and empowering, the Obama Foundation seeks to make a difference, one person at a time.
Official website here: www.obama.org
Who is the CEO of The Barack Obama Foundation?
Valerie Jarrett is the Director/Ceo of The Barack Obama Foundation. The CEO's salary of The Barack Obama Foundation is $740,000 and their total compensation is $754,064.
Official website here: www.obama.org
What is the revenue of The Barack Obama Foundation?
The Barack Obama Foundation's revenue in 2022 was $309,284,239.
Official website here: www.obama.org
Who are the executives of The Barack Obama Foundation and what are their salaries?
The average compensation at The Barack Obama Foundation during 2022 was $98,914. There are 251 employees and 616 volunteers at The Barack Obama Foundation.
Here are 32 key members and their salaries (The Barack Obama Foundation's CEO's salary is $740,000 and their total compensation is $754,064):
- Compensation: $740,000
- Related: $0
- Other: $14,064
- Compensation: $0
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- Other: $0
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- Compensation: $658,136
- Related: $0
- Other: $37,576
- Compensation: $613,136
- Related: $0
- Other: $38,793
- Compensation: $192,283
- Related: $0
- Other: $20,387
- Compensation: $412,384
- Related: $0
- Other: $13,729
- Compensation: $335,825
- Related: $0
- Other: $37,614
- Compensation: $336,462
- Related: $0
- Other: $23,085
- Compensation: $330,987
- Related: $0
- Other: $22,768
- Compensation: $251,593
- Related: $0
- Other: $34,807
- Compensation: $184,615
- Related: $0
- Other: $7,718
- Compensation: $290,000
- Related: $0
- Other: $20,927
- Compensation: $278,460
- Related: $0
- Other: $21,000
- Compensation: $261,000
- Related: $0
- Other: $19,846
- Compensation: $253,900
- Related: $0
- Other: $19,482
- Compensation: $253,900
- Related: $0
- Other: $11,684
- Compensation: $220,300
- Related: $0
- Other: $26,841
Official website here: www.obama.org
Where can I find the form 990 for The Barack Obama Foundation?
The Barack Obama Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.obama.org
Learn more at the official website: www.obama.org
Mission Statement of The Barack Obama Foundation
The Barack Obama Foundation, a renowned nonprofit organization, is committed to inspiring and empowering individuals to make a difference in the world. With a noble mission to transform lives, this esteemed foundation aspires to honor the legacy of President and Mrs. Obama.
Through its inspiring initiatives, the Obama Foundation aims to ignite the spirit of innovation and leadership in people. It provides a platform for individuals to connect, learn, and collaborate, enabling them to create positive change in their communities and beyond. By fostering a culture of engagement, the foundation encourages individuals to take action and contribute to the betterment of society.
In essence, the Obama Foundation serves as a catalyst, fueling the potential of individuals to make a lasting impact. It is a beacon of hope and a testament to the power of collective action. Through its various programs and partnerships, the foundation fosters a global community of change-makers, empowering them to create solutions for the most pressing challenges of our time.
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Impact
October, 2024
The Barack Obama Foundation has made a significant impact by inspiring and empowering individuals to effect change in their communities and beyond. Centered in Chicago, the Foundation honors the legacy of President and Mrs. Obama by fostering connections among people through initiatives that promote civic engagement and the arts. By providing resources and support, the Foundation encourages a sense of agency among diverse communities, motivating them to take action and create positive societal shifts. Through its programs and outreach efforts, the Foundation cultivates a culture of collaboration and innovation, ultimately aiming to elevate voices and amplify the efforts of those working to make a difference in their world.
This information is meant to be a general summary of The Barack Obama Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$2,079,009
- Gross Receipts: $372,516,771
Assets and Liabilities:
- Total Assets: $944,959,493
- Total Liabilities: $19,650,362
- Net Assets: $925,309,131
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Organization Details
Founding Year
2014
Phone
(773) 420-1700Principal Officer
Valerie Jarrett
Main Address
5235 SOUTH HARPER COURT NO 1140, CHICAGO, IL, 60615
Website
www.obama.orgNTEE Category
Code: A80 - Arts
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