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•Ri Nn�A If� of Officer Dale Here 1L,Obb110 PUBLIC DISCLOSURE COPY EXTENDED TO NOVEMBER 15, 2019 Return of Organization Exempt From Income Tax 0MB No. 1545-0047 section 527, 4947(a)(1) of the Internal Revenue Code (except private foundations) Form 990 Under 501(c), or Do not enter social security numbers as it may be made public. 2018 Departmentof the Treasury ► on thisform Open Internal Revenue Service Go www.irs. In toPublic on to ov/Form990for instructions and the latest information. ' A For the2018 calendar yeor or tax year beginning and ending B Check if C D Employer identification number applicable: Name of organization Address change THE BARACK OBAMA FOUNDATION Name change 46-4950751 Initial Doina business as relll'n E Final Number and street (or P.O. box if mail is not delivered to street address) j Room/suite Telephone number retl.rn/ 52 35 SOUTH HARPER COURT NO 1140 (773) 420--1700 termin- ated G Gross 1ee11-lplSI S 181,518,959, Amended City or town, state or province, country, and ZIP or foreign postal code return CHICAGO IL 60615 H(a) Is this a group return Applfc•• Yes [!]No tlon DAVI SIMAS u .... pending F Name and address of principal officer: D for subordinates? SAME AS C ABOVE H(b) Areell subordinate• included? Yes No IX J rinsert no.l 527 If attach a list. (see I Tax-exemot status: l 501tcll3l 501tcl 49il7!all 1l or "No," instructions) Website: ► WWW.OBAMA. ORG I ◄ Hlcl Grouo J exemnI1on number ► K Form DC l Corpa1ation Trust Association Other► I 2014 I : I Part 11al uroanIza1Ion:Summary Ix L Yuar of forma11on: M State of /e(JHI domicile 1 SEE SCHEDULE 0 Briefly describe the organization's mission or most significant activities: 2 ► assets. Check this box if the organization discontinued its operations or disposed of more than 25% of its net 3 - 3 14 Number of voting members of the governing body (PartVI, line 1a) C) 4 ................. --·.-- ........ ··-··... ----·.... .......... 4 ad Number of independent voting members of the governing body (PartVI, line 1 b) ······-··································· 14 ., 5 -. ..... 170 GI Total number of individuals employed in calendar year 2018 (PartV, line 2a) ......................................... 5 :i:i 6 6 ·s: .._ 215 :i:i Total number of volunteers (estimate if necessary) ......................................... ............................................... (C), 7a 0. 7 a Total unrelated business revenue from PartVIII, column line 12 ............................................................ 7b 77,370, b Net utirelateCJ business Iaxabre mcome from Form 990-T. line 38 ................................... ··-·· Year Prior Current Ye;ir 8 GI ' - 231,9 93,748. 163,949,264. ::s Contributions and grants (Part VIII, line 1 h) ................ .. ·-·....... ...................... ·-. ······- � 9 0. 0. Program service revenue (PartVIII, line 2g) ............................................................... GI 10 3, 150,337, 701,270, a: Investment income (Part VIII, column (A), lines 4, and 7d) ....................................... 11 4,633. 23,775, Other revenue (Part VIII, column (A), lines 5, 6d, Be, 9c, 10c, and 11e) ........................ (Al. 121 .. 232,148,718, 164,674,309, 12 Total revenue - add lines 8 throuCJh11 (must eQual PartVIII. column line .... 13 0. 3,950,000. Grants and similar amounts paid (Part IX, column (A), lines 1 ·3) ································· 14 0. 0. Benefits paid to or for members (PartIX, column (A), line 4) ....................................... 15 -··••···- 8 789,411. 18,576,333. ., Salaries, other compensation, employee benefits (Part IX, column (A), lines 5·10) , 16a (A), 440,000 . 312,000. Professional fundraising fees (Part IX, column line 11e) .......................................... ► 5,641 559, b Total fundraising expenses (PartIX, column (D), line 25) , in 17 ••--•••--•••••••••••••U"'h•• •••••••• 12,041,854. 23,050,047. Other expenses (Part IX, column (A), lines 11a•11d, 11f•24e) 18 (A), 21,271,265. 45,888,380. Total expenses. Add lines 13•17 (must equal Part IX, column line 25) ..................... 18 12 210 877 453, 118,785,929, 19 Revenue less exoenses. Subtract line from line ······· , , :s!i of Current Year Beninnino End of Year 20 ······-·-···········•··································•···············---····--···· 22 9 077,622 . 355,887 ,803, il Total assets (PartX, line 16) , 1� 21 , 4,843,532. 12,867,784, �, Total liabilities (PartX, line 26) ...................................... .................................. ... 22 224,234,090. 343,020,019, I �)Part II NatI Signature assets or lund Block balances, Subtract line 21 from line 20 ······--····•------······· . Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is Sign ► •ri nn�a If� of officer Dale Here 1L,obb110. {qA.u,, , &Yetv-h'}:f, '[Jrrec,/vr ► ' Type or print name and title Date 1 PTIN Paid i- I/IfI ') 00769270 Preparer ELOITTE TAX LLP D .Firm's EIN 111 SOUTH WACKER DRIVE Use Only Firm's address► CHICAGO IL 60606 Phune 110,312•-486-1000 ? Yes No M y the IRS dtscuss1hls retum with the preparer shown above (see 11,s1.,uctior>sl ITT aa2001 1? :i1o1a LHA For Paperwork Reduction Act Notice, see the separate instructions. 990 Form (2018) Form 990 (2018) THE BARACK OBAMA FOUNDATION 46-4950751 Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line in this Part III X 1 Briefly describe the organization's mission: SEE SCHEDULE O 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No If "Yes," describe these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? ~~~~~~ Yes X No If "Yes," describe these changes on Schedule O. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: ) (Expenses $ 30,774,267. including grants of $ 3,950,000. )(Revenue $ 23,775. ) IN 2018 THE FOUNDATION LAUNCHED SEVERAL NEW INITIATIVES IN SERVICE OF ITS MISSION TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD. OUR 2018 PROGRAMMING FOCUSED ON GIVING THE NEXT GENERATION OF LEADERS AND CITIZENS THE TOOLS THEY NEED TO CREATE POSITIVE CHANGE IN THEIR COMMUNITIES. SCHOLARS: WE ANNOUNCED OUR OBAMA FOUNDATION SCHOLARS PROGRAM IN 2018, WHICH SUPPORTS RISING LEADERS AROUND THE WORLD VIA A ONE-YEAR RESIDENTIAL PROGRAM. THEIR EXPERIENCE BRINGS TOGETHER ACADEMIC, SKILLS-BASED, AND HANDS-ON LEARNING TO EMPOWER INDIVIDUALS WITH A PROVEN COMMITMENT TO SERVICE WITH THE TOOLS THEY NEED TO MAKE THEIR EFFORTS MORE EFFECTIVE, TO IDENTIFY INNOVATIVE SOLUTIONS TO COMPLEX 4b (Code: ) (Expenses $ including grants of $ )(Revenue $ ) 4c (Code: ) (Expenses $ including grants of $ )(Revenue $ ) 4d Other program services (Describe in Schedule O.) (Expenses $ including grants of $ )(Revenue $ ) 4e Total program service expenses | 30,774,267. Form 990 (2018) 832002 12-31-18 SEE SCHEDULE O FOR CONTINUATION(S) Form 990 (2018) THE BARACK OBAMA FOUNDATION 46-4950751 Page 3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 X 2 Is the organization required to complete Schedule B, Schedule of Contributors? ~~~~~~~~~~~~~~~~~~~~~~ 2 X 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 X 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 X 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III ~~~~~~~~~~~~~~ 5 X 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 6 X 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II~~~~~~~~~~~~~~ 7 X 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 8 X 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 9 X 10 Did the organization, directly or through a related organization, hold
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