2018-09-19T02:26:37-05:00 2017-12-31 861065772 DELOITTE TAX LLP 111 SOUTH WACKER DRIVE CHICAGO IL 60606 990 2017-01-01 464950751 THE BARACK OBAMA FOUNDATION BARA 7734201700 5235 SOUTH HARPER COURT NO 1140 CHICAGO IL 60615 ROBBIN COHEN EXECUTIVE DIRECTOR 7734201700 2018-08-28 1 PARRISH IVY P00769270 3124861000 206.55.190.73 2018-08-28 20:40:33 CD P AA00B1F84F9C7B153FAC1002728AC755A3241D24 16B1A0958CE5EAE912F55CCEDBAFFDD203194492 2017 2018-06-14 16:35:46Z DAVID SIMAS 5235 SOUTH HARPER COURT NO 1140 CHICAGO IL 60615 249426544 0 X WWW.OBAMA.ORG X 2014 DC THE FOUNDATION'S MISSION IS TO HONOR THE LEGACY OF PRESIDENT OBAMA AND TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD. 15 15 85 95 0 0 13175732 231993748 0 0 6360 150337 0 4633 13182092 232148718 0 0 0 0 1819458 8789411 578579 440000 4207568 2473239 12041854 4871276 21271265 8310816 210877453 13448613 229077622 2559816 4843532 10888797 224234090 X SEE SCHEDULE O 1 0 11976147 4633 IN 2017 THE FOUNDATION LAUNCHED ADDITIONAL INITIATIVES IN SERVICE OF ITS MISSION TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD. OUR 2017 PROGRAMMING FOCUSED ON GIVING THE NEXT GENERATION OF LEADERS AND CITIZENS THE TOOLS THEY NEED TO CREATE POSITIVE CHANGE IN THEIR COMMUNITIES:OBAMA FOUNDATION SUMMIT: ON OCTOBER 31 AND NOVEMBER 1, THE OBAMA FOUNDATION WELCOMED 500 CIVIC LEADERS FROM 60 COUNTRIES FOR AN INAUGURAL SUMMIT. DURING THIS TWO-DAY IMMERSIVE EVENT IN CHICAGO, THE CIVIC LEADERS CAME TOGETHER TO EXCHANGE IDEAS, EXPLORE CREATIVE SOLUTIONS TO COMMON PROBLEMS, AND EXPERIENCE CIVIC ART, TECHNOLOGY, AND MUSIC FROM AROUND THE WORLD.OBAMA FOUNDATION FELLOWSHIP: IN FALL 2017, THE FOUNDATION OPENED APPLICATIONS FOR OUR FELLOWSHIP PROGRAM, WHICH SEEKS TO SUPPORT OUTSTANDING CIVIC INNOVATORS FROM AROUND THE WORLD IN ORDER TO AMPLIFY THE IMPACT OF THEIR REMARKABLE WORK AND INSPIRE A POWERFUL WAVE OF CIVIC INNOVATION. THE TWO-YEAR, NON-RESIDENTIAL FELLOWSHIP OFFERS HANDS-ON TRAINING, RESOURCES, AND LEADERSHIP DEVELOPMENT. THROUGHOUT THE PROGRAM, EACH FELLOW WILL PURSUE A PERSONALIZED PLAN TO LEVERAGE FELLOWSHIP RESOURCES TO TAKE THEIR WORK TO THE NEXT LEVEL. OBAMA FOUNDATION TRAINING DAYS: THE FOUNDATION HOSTED THREE PILOT TRAINING DAYS -- ONE-DAY EXPERIENCES IN LOCATIONS AROUND THE COUNTRY -- THAT BROUGHT TOGETHER A DIVERSE GROUP OF 150 YOUNG PEOPLE IN EACH CITY TO EXPLORE THEIR OWN IDENTITIES AS LEADERS, ARTICULATE CHALLENGES AND OPPORTUNITIES IN THEIR COMMUNITIES, DETERMINE THE CHANGE THEY WANTED TO MAKE, AND DEVELOP A PATH TO MAKE IT HAPPEN. PROGRAMS WERE DESIGNED IN COLLABORATION WITH A DIVERSE SET OF ORGANIZATIONS, FROM UNIVERSITIES TO CHURCHES TO OPPORTUNITY YOUTH ORGANIZATIONS. THE TRAINING DAYS TOOK PLACE IN CHICAGO, IL; BOSTON, MA; AND TEMPE, AZ. THESE PILOT TRAININGS WILL HELP SHAPE OUR PROGRAMMING GOING FORWARD.MY BROTHER'S KEEPER ALLIANCE: PRESIDENT OBAMA LAUNCHED MY BROTHER'S KEEPER IN FEBRUARY 2014 TO ADDRESS PERSISTENT OPPORTUNITY GAPS AND ENSURE THAT EVERY CHILD -- NO MATTER WHO THEY ARE OR WHERE THEY COME FROM -- CAN ACHIEVE THEIR DREAMS. IN 2017, THE OBAMA FOUNDATION BECAME THE HOME OF THE MY BROTHER'S KEEPER ALLIANCE, A PRIVATE-SECTOR INITIATIVE INSPIRED BY MBK. THE ALLIANCE SERVES AS A NATIONAL CALL TO ACTION TO BUILD SAFE AND SUPPORTIVE COMMUNITIES FOR BOYS AND YOUNG MEN OF COLOR WHERE THEY FEEL VALUED AND HAVE CLEAR PATHWAYS TO OPPORTUNITY.INTERNATIONAL ROUNDTABLES: IN 2017 PRESIDENT OBAMA TRAVELED TO INDONESIA AND BRAZIL, WHERE HE HOSTED FOUNDATION ROUNDTABLE EVENTS WITH EMERGING LOCAL LEADERS TO LEARN MORE ABOUT THEIR WORK AND HOW THE FOUNDATION CAN CONNECT AND SUPPORT THEM. THIS LISTENING TOUR WILL HELP INFORM THE FOUNDATION'S GLOBAL PROGRAMMING TO BE LAUNCHED IN 2018 AND BEYOND. GERMANY CIVIC DISCOURSE DISCUSSION: IN MAY 2017, PRESIDENT OBAMA JOINED GERMAN CHANCELLOR ANGELA MERKEL AND YOUNG LEADERS FROM CHICAGO'S SOUTH SIDE AND GERMANY FOR A CONVERSATION ON THE TOPIC OF "BEING INVOLVED IN DEMOCRACY: TAKING ON RESPONSIBILITY LOCALLY AND GLOBALLY." SET AGAINST THE BACKDROP OF BERLIN'S ICONIC BRANDENBURG GATE, PRESIDENT OBAMA SPOKE ABOUT THE ROLE THAT YOUNG PEOPLE WILL PLAY IN SHAPING A BETTER FUTURE, AS WELL AS THE FOUNDATION'S PLANS TO SUPPORT EMERGING LEADERS AROUND THE WORLD.INDIA TOWN HALL: IN DECEMBER 2017 PRESIDENT OBAMA HOSTED A TOWN HALL IN NEW DELHI, INDIA FOR APPROXIMATELY 300 EMERGING LEADERS FROM ACROSS INDIA AND THOUSANDS MORE WHO WATCHED ACROSS THE CONTINENT AND AROUND THE WORLD. SELECTED FROM A POOL OF NOMINATIONS AS WELL AS APPLICATIONS VIA THE FOUNDATION WEBSITE, THESE CIVIC LEADERS ENGAGED WITH PRESIDENT OBAMA IN A ROBUST CONVERSATION ABOUT HOW TO BE MORE ACTIVE IN THEIR COMMUNITIES.OBAMA PRESIDENTIAL CENTER: IN MAY 2017, PRESIDENT AND MRS. OBAMA RELEASED THE CONCEPTUAL VISION AND SITE PLAN FOR THE OBAMA PRESIDENTIAL CENTER, A CENTER AND MUSEUM THAT WILL BENEFIT THE PUBLIC, DRIVE ECONOMIC OPPORTUNITY, AND SHOWCASE THE SOUTH SIDE TO THE WORLD. THIS ANNOUNCEMENT KICKED OFF A COMMUNITY DIALOGUE THAT ULTIMATELY INCLUDED PARTICIPATION AND INPUT FROM THOUSANDS OF LOCAL RESIDENTS -- THE FOUNDATION WILL CONTINUE TO KEEP THE COMMUNITY ENGAGED IN THE PROCESS, FROM DESIGN TO CONSTRUCTION AND BEYOND.DIVERSITY & INCLUSION IN CONSTRUCTION: IN AUGUST 2017, THE FOUNDATION ANNOUNCED ITS DIVERSITY AND INCLUSION COMMITMENTS FOR THE CONSTRUCTION WORKFORCE OF THE OBAMA PRESIDENTIAL CENTER, INCLUDING: AWARDING 50% OR MORE OF ITS SUBCONTRACTS TO "DIVERSE SUPPLIERS," WHICH IN ADDITION TO MINORITY AND WOMEN BUSINESS ENTERPRISES INCLUDES BUSINESSES OWNED BY VETERANS, INDIVIDUALS WITH DISABILITIES, AND LGBTQ INDIVIDUALS, AND REQUIRING DETAILED PLANS TO MAXIMIZE DIVERSE WORKFORCE PARTICIPATION -- INCLUDING LEVERAGING AND PARTNERING WITH JOB TRAINING AND JOB RETENTION PROGRAMS FROM UNDERSERVED COMMUNITIES. THESE COMMITMENTS WILL HELP BUILD A DIVERSE PIPELINE OF TALENT THAT WILL SERVE NOT JUST OUR PROJECT, BUT DEVELOPMENTS AROUND THE CITY OF CHICAGO. 11976147 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 109 0 1 85 1 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X RALPH LESLIE CHIEF FINANCIAL OFFICER 7734201700 5235 SOUTH HARPER COURT NO 1140 CHICAGO IL 60615 MARTIN H NESBITT DIRECTOR/CHAIRPERSON 1.00 X X 0 0 0 PENNY PRITZKER DIRECTOR/VICE CHAIRPERSON 1.00 X X 0 0 0 JOHN KEVIN POORMAN DIRECTOR/PRESIDENT 1.00 X X 0 0 0 DAVID PLOUFFE DIRECTOR/VP/SECRETARY 1.00 X X 0 0 0 DEVAL PATRICK DIRECTOR/VP/TREASURER 1.00 X X 0 0 0 MAYA SOETORO-NG DIRECTOR 1.00 X 0 0 0 JULIANNA SMOOT DIRECTOR 1.00 X 0 0 0 JOHN DOERR DIRECTOR 1.00 X 0 0 0 JOHN ROGERS DIRECTOR 1.00 X 0 0 0 MICHAEL SACKS DIRECTOR 1.00 X 0 0 0 ROBERT WOLF DIRECTOR 1.00 X 0 0 0 THELMA GOLDEN DIRECTOR 1.00 X 0 0 0 JUAN SALGADO DIRECTOR 1.00 X 0 0 0 DR MAHALIA A HINES DIRECTOR 1.00 X 0 0 0 GLENN HUTCHINS DIRECTOR 1.00 X 0 0 0 DAVID SIMAS CHIEF EXECUTIVE OFFICER 40.00 X 590651 0 23985 ROBBIN COHEN EXECUTIVE DIRECTOR 40.00 X 827834 0 34221 GLENN BROWN CHIEF DIGITAL OFFICER 40.00 X 372692 0 5827 MICHAEL STRAUTMANIS CHIEF ENGAGEMENT OFFICER 40.00 X 262048 0 29996 JORDAN KAPLAN CHIEF DEVELOPMENT OFFICER 40.00 X 232524 0 24379 ROARK FRANKEL DIRECTOR OF PLANNING & CONSTRUCTION 40.00 X 222551 0 30879 BENJAMIN RHODES CHIEF INTERNATIONAL OFFICER 40.00 X 207882 0 19429 ELISABETH SICILIANO DIR, CEO OFFICE AND CORP COUNSEL 40.00 X 187634 0 7523 BERNADETTE MEEHAN EXEC DIR OF INT'L PROGRAMMING 40.00 X 166024 0 14024 JAMISON CITRON DIRECTOR OF DEVELOPMENT STRATEGY 40.00 X 152906 0 7114 ADDAR LEVI DEPUTY GENERAL COUNSEL 40.00 X 149282 0 2812 AMY WEISSER THRU 101417 DIRECTOR OF EXHIBITIONS 40.00 X 143322 0 21368 3515350 0 221557 27 0 1 0 TOD WILLIAMS BILLIE TSIEN ARCHITECTS 222 CENTRAL PARK SOUTH NEW YORK NY 10019 ARCHITECTS 4963525 THE CENTER CONSORTIUM 200 E RANDOLPH ST CHICAGO IL 60601 PROJECT MANAGEMENT 1565622 ELITE PRODUCTIONS SERVICES LLC 20879 QUEENAIR DR GAITHERSBURG MD 20879 PRODUCTION SERVICES 1396576 BLUE STATE DIGITAL 101 6TH AVENUE NEW YORK NY 10013 DIGITAL SERVICES 659766 RALPH APPELBAUM ASSOCIATES 88 PINE STREET 29 FL NEW YORK NY 10005 DESIGN SERVICES 587445 27 231993748 17273696 231993748 101127 101127 17322859 17273649 49210 49210 49210 8810 4177 4633 4633 232148718 4633 0 150337 2716182 1528429 601535 586218 5049652 2637306 1558657 853689 534582 286759 148703 99120 488995 262306 136022 90667 247687 174015 73672 20759 20759 440000 440000 2025907 788844 919767 317296 518049 270908 153500 93641 360695 193474 100339 66882 422213 226483 117445 78285 2169817 660804 291055 1217958 3118018 3071424 46594 223100 119675 62059 41366 63271 33940 17600 11731 COMMUNICATIONS 2750936 1656658 806073 288205 PRINTING AND COPYING 121402 65122 33770 22510 21271265 11976147 5087550 4207568 6753927 49871514 2742519 163275234 53089 14073 226266 13757678 282376 279441 13475302 3605564 2229306 13448613 229077622 2559816 4274576 567255 0 1701 2559816 4843532 X 8146278 57954554 2742519 166279536 10888797 224234090 13448613 229077622 210877453 2467840 0 X 0 1 X 1 0 X 5434877 1916247 13175732 232826600 253353456 5434877 1916247 13175732 232826600 253353456 253353456 19 6360 101127 107506 8810 8810 253469772 X PART II, SECTION B, LINE 13 THE FOUNDATION DATE OF INCEPTION WAS JANUARY 31, 2014 18601 X ARTWORK 0 517269 111473 405796 13240409 170903 13069506 13475302 DEFERRED RENT LIABILITY 1701 1701 X 232985747 832852 832852 232152895 -4177 -4177 232148718 22108294 832852 4177 837029 21271265 0 21271265 PART III, LINE 4: THE COLLECTION SUPPORTS THE DIVERSITY AND CULTURE OF THE SOUTH SIDE OF CHICAGO WHERE THE OBAMA PRESIDENTIAL CENTER WILL BE LOCATED. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. ACCORDINGLY, NO PROVISION FOR SUCH TAXES HAS BEEN RECOGNIZED IN THESE FINANCIAL STATEMENTS. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED AND THERE IS NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES OR STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GLOBAL OUTREACH AND RESEARCH 22571 EUROPE 0 0 PROGRAM SERVICES GLOBAL OUTREACH AND RESEARCH 53862 NORTH AMERICA 0 0 PROGRAM SERVICES GLOBAL OUTREACH 1788 SOUTH AMERICA 0 0 PROGRAM SERVICES GLOBAL OUTREACH 4072 SOUTH ASIA 0 0 PROGRAM SERVICES GLOBAL OUTREACH AND RESEARCH 50754 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GLOBAL OUTREACH AND RESEARCH 9218 0 0 0 0 0 0 142265 0 142265 0 0 0 0 0 0 PART I, LINE 3: THE EXPENDITURES ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("U.S. GAAP"). X X X X 1 SKY ADVISORY GROUP INC 11361 ELDERWOOD STREET LOS ANGELES CA 90049 PLANNING OF FUTURE SOLICIATION ACTIVITY 0 0 148000 -148000 PRATT'S LLC 421 7TH AVE SUITE 1111 NEW YORK NY 10001 PLANNING OF FUTURE SOLICIATION ACTIVITY 0 0 148000 -148000 ROBERT ERIK STOWE 325 BERRY STREET APT 417 SAN FRANCISCO CA 94158 PLANNING OF FUTURE SOLICIATION ACTIVITY 0 0 144000 -144000 440000 -440000 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 X X X X 1 0 0 0 0 0 0 1 0 DAVID SIMAS CHIEF EXECUTIVE OFFICER 590651 0 0 0 0 0 0 0 23985 0 614636 0 0 0 ROBBIN COHEN EXECUTIVE DIRECTOR 527834 0 300000 0 0 0 0 0 34221 0 862055 0 0 0 GLENN BROWN CHIEF DIGITAL OFFICER 372692 0 0 0 0 0 0 0 5827 0 378519 0 0 0 MICHAEL STRAUTMANIS CHIEF ENGAGEMENT OFFICER 262048 0 0 0 0 0 0 0 29996 0 292044 0 0 0 JORDAN KAPLAN CHIEF DEVELOPMENT OFFICER 232524 0 0 0 0 0 0 0 24379 0 256903 0 0 0 ROARK FRANKEL DIRECTOR OF PLANNING & CONSTRUCTION 222551 0 0 0 0 0 0 0 30879 0 253430 0 0 0 BENJAMIN RHODES CHIEF INTERNATIONAL OFFICER 207882 0 0 0 0 0 0 0 19429 0 227311 0 0 0 ELISABETH SICILIANO DIR, CEO OFFICE AND CORP COUNSEL 187634 0 0 0 0 0 0 0 7523 0 195157 0 0 0 BERNADETTE MEEHAN EXEC DIR OF INT'L PROGRAMMING 166024 0 0 0 0 0 0 0 14024 0 180048 0 0 0 JAMISON CITRON DIRECTOR OF DEVELOPMENT STRATEGY 152906 0 0 0 0 0 0 0 7114 0 160020 0 0 0 ADDAR LEVI DEPUTY GENERAL COUNSEL 149282 0 0 0 0 0 0 0 2812 0 152094 0 0 0 AMY WEISSER THRU 101417 DIRECTOR OF EXHIBITIONS 106083 0 0 0 37239 0 0 0 21368 0 164690 0 0 0 PART I, LINE 4A AMY WEISSER RECEIVED A SEVERANCE PAYMENT OF $37,239. THE PAYMENT IS REPORTED ON PART II, COLUMN B(III). PART I, LINE 7 MS. COHEN WORKED FULL TIME FOR THE FOUNDATION IN 2014 WITHOUT PAY. IN 2015, THE BOARD SET MS. COHEN'S COMPENSATION AT A MARKET RATE OF $500,000, WHICH WAS PAID HALF AS BASE PAY AND HALF AS A DISCRETIONARY BONUS TO BE APPROVED BY THE BOARD. THE $250,000 BONUS FOR 2015'S WORK WAS APPROVED BY THE BOARD AND PAID IN 2016, AND A $300,000 DISCRETIONARY BONUS FOR 2016'S WORK WAS APPROVED BY THE BOARD AND PAID IN 2017. THE FOUNDATION HAS MOVED AWAY FROM THIS PAY STRUCTURE, SO 2017'S FIGURES REFLECT HER FULL 2017 SALARY PLUS THE 2016 BONUS, WHICH WAS PAID IN CALENDAR YEAR 2017. X 11 17273696 FMV ON DATE OF RECEIPT 0 0 1 0 PART I, COLUMN (B): THIS IS REPORTED USING THE NUMBER OF CONTRIBUTIONS. 990 PART III, LINE 1 A CORE PURPOSE OF THE FOUNDATION IS TO BUILD THE OBAMA PRESIDENTIAL CENTER (THE "OPC"), HOUSING THE PRESIDENTIAL MUSEUM IN JACKSON PARK ON THE SOUTH SIDE OF CHICAGO. THE MUSEUM WILL TELL THE STORY OF OUR NATION'S FIRST AFRICAN AMERICAN PRESIDENT AND FIRST LADY, THEIR JOURNEY TO THE WHITE HOUSE, AND THE COUNTLESS INDIVIDUALS, COMMUNITIES, AND SOCIAL CURRENTS THAT SHAPED THEIR JOURNEY. THE MUSEUM WILL FOCUS ON THE HISTORIC OBAMA PRESIDENCY, ITS SUCCESSES AND CHALLENGES, AND ITS LEGACY OF INSPIRING INDIVIDUAL PEOPLE TO COME TOGETHER TO SOLVE PROBLEMS IN THEIR COMMUNITY. THE OPC WILL USE THE OBAMAS' PERSONAL STORY OF COMMUNITY ENGAGEMENT AND PUBLIC SERVICE TO INSPIRE VISITORS TO FIND THEIR OWN PATHS TO CIVIC ENGAGEMENT AND LEADERSHIP. THE FOUNDATION WILL ALSO ADVANCE PROGRAMMING THAT SEEKS TO DRAW ON THE OBAMAS' EXAMPLE OF ENGAGED CITIZENSHIP AND PUBLIC SERVICE TO INSPIRE AND EQUIP PEOPLE TO STRENGTHEN THEIR COMMUNITIES. BROADLY-ACCESSIBLE ONLINE CONTENT WILL ENCOURAGE INDIVIDUALS TO ENGAGE WITH THEIR COMMUNITIES ON ISSUES ABOUT WHICH THEY CARE DEEPLY. IN-PERSON TRAININGS WILL ENABLE EMERGING LEADERS IN FIELDS AS DIVERSE AS THE ARTS, ENTREPRENEURSHIP, SCIENCE, AND EDUCATION, AMONG OTHERS, TO INCREASE THEIR PERSUASIVENESS AND EFFICACY. INTENSIVE FELLOWSHIPS WILL OFFER SUPPORT AND A SPOTLIGHT TO ESTABLISHED LEADERS. AND INTERNATIONAL LEADERSHIP INITIATIVES WILL CONVENE, CONNECT, AND INSPIRE EMERGING GLOBAL LEADERS WHO ARE STRENGTHENING COMMUNITIES WORLD-WIDE. ECHOING THE MUSEUM'S FOCUS ON THE OBAMA'S LIFELONG COMMITMENT TO LOCAL ENGAGEMENT, THE FOUNDATION'S PROGRAMMING WILL ALSO REINFORCE THE IMPORTANCE OF ENGAGING AND EMPOWERING COMMUNITIES, ORGANIZATIONS AND INSTITUTIONS. IN CHICAGO, THE FOUNDATION MAY PARTNER WITH THE PUBLIC SCHOOLS, THE PUBLIC LIBRARY, AND OTHER IMPACTFUL COMMUNITY-BASED PROGRAMS. THROUGHOUT THE COUNTRY, THE FOUNDATION WILL WORK WITH BOYS AND YOUNG MEN OF COLOR. THROUGHOUT THE WORLD, WE WILL WORK TO SUPPORT GRASSROOTS GIRLS' EDUCATION PRACTITIONERS AND YOUNG LEADERS. PRESIDENT AND MRS. OBAMA HAVE DEVOTED THEIR LIVES' WORK TO ADVANCING THESE AND OTHER COMMUNITIES. THE MUSEUM WILL CELEBRATE THIS WORK, AND THE FOUNDATION'S PROGRAMMING WILL DRAW ON IT AS INSPIRATION IN WORKING TO RESTORE OUR CIVIC INFRASTRUCTURE. FORM 990, PART III, LINE 2 IN 2017, THE FOUNDATION LAUNCHED NEW INITIATIVES IN SERVICE OF ITS MISSION. PLEASE SEE THE PROGRAM SERVICE ACCOMPLISHMENTS LISTED ON FORM 990, PART III, LINE 4A. FORM 990, PART VI, SECTION A, LINE 2 PENNY PRITZKER AND ROBERT WOLF HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED ON NOVEMBER 2, 2017 TO ESTABLISH BOARD TERMS AND AN EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B 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 COMPLETE A CONFLICT OF INTEREST DISCLOSURE ON AN ANNUAL BASIS. THE FOUNDATION'S GENERAL COUNSEL REVIEWS ALL DISCLOSURES AND WORKS WITH THE DISINTERESTED MEMBERS OF THE AUDIT AND RISK COMMITTEE AND THE BOARD OF DIRECTORS TO EVALUATE POTENTIAL CONFLICTS OF INTEREST IN ACCORDANCE WITH THE FOUNDATION'S CONFLICTS OF INTEREST POLICY. DIRECTORS WITH POTENTIAL CONFLICTS OF INTEREST RECUSE THEMSELVES FROM BOARD DISCUSSIONS AND DECISION MAKING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USES COMPARABILITY DATA AND A COMPENSATION CONSULTANT TO REVIEW AND APPROVE THE COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR AND KEY EMPLOYEES 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 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.