JOHN FITZGERALD KENNEDY LIBRARY FOUNDATION INCORPORATED

Financial Trends

Organization Details

JOHN FITZGERALD KENNEDY LIBRARY FOUNDATION INCORPORATED, founded in 1963, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $57.4M represent 75 months of operating reserves.

Mission

THE JOHN F. KENNEDY PRESIDENTIAL LIBRARY AND MUSEUM (THE "LIBRARY") IS THE NATION'S OFFICIAL MEMORIAL TO THE THIRTY-FIFTH PRESIDENT. THE LIBRARY, WHICH WAS CONSTRUCTED WITH PRIVATE FUNDS DONATED BY THE PUBLIC, IS ADMINISTERED BY THE NATIONAL ARCHIVES AND RECORDS ADMINISTRATION. THE LIBRARY RECEIVES AN ANNUAL FEDERAL APPROPRIATION FOR BUILDING MAINTENANCE AND A PORTION OF ITS PERSONNEL COSTS. THE BALANCE OF THEIR FINANCIAL SUPPORT HAS HISTORICALLY BEEN PROVIDED BY INCOME GENERATED FROM MUSEUM ADMISSION FEES, USAGE FEES FOR THE LIBRARY'S MEETING FACILITIES, AND THROUGH THE GENEROSITY OF THOUSANDS OF PRIVATE INDIVIDUALS, CORPORATIONS, STATE APPROPRIATIONS AND GRANTS, AND FOUNDATIONS WHO DONATE MONEY AND IN-KIND SERVICES TO THE JOHN F. KENNEDY LIBRARY FOUNDATION ("FOUNDATION"). THE LIBRARY AND THE FOUNDATION ARE UNITED IN A COMMON MISSION TO PERPETUATE PRESIDENT KENNEDY'S IDEAL THAT POLITICAL AND PUBLIC SERVICE BE CONDUCTED AND EXEMPLIFIED AS AN HONORABLE AND PATRIOTIC PROFESSION. THE FOUNDATION, REPRESENTING A WIDE VARIETY OF CONSTITUENCIES WITHIN THE GENERAL PUBLIC, WORKS CLOSELY WITH THE LIBRARY TO DEVELOP PROGRAMS THAT ADVANCE THE STUDY AND UNDERSTANDINGS OF PRESIDENT KENNEDY'S LIFE AND THE TIMES IN WHICH HE LIVED; AND THAT PROMOTE A GREATER APPRECIATION OF AMERICA'S POLITICAL AND CULTURAL HERITAGE, THE PROCESS OF GOVERNING, AND THE IMPORTANCE OF PUBLIC SERVICE. THE PRIVATE FINANCIAL SUPPORT PROVIDED BY THE FOUNDATION ENABLES THE FEDERAL GOVERNMENT TO EXPAND THE LIBRARY'S RESEARCH AND ARCHIVAL CAPACITY, THROUGH THE DIGITIZATION PROGRAM, TO UNDERTAKE MARKETING AND PUBLIC OUTREACH PROJECTS, TO OFFER INTERN AND RESEARCH FELLOWSHIP PROGRAMS, TO ENHANCE ITS MUSEUM AND EXHIBITS, AND TO OFFER NATIONALLY RECOGNIZED EDUCATIONAL AND PUBLIC PROGRAMMING. IN ADDITION TO ITS SUPPORT OF THE LIBRARY, THE FOUNDATION DIRECTLY SPONSORS PROGRAMS AND ACTIVITIES THAT HELP PEOPLE UNDERSTAND THE MAJOR CHALLENGES FACING DEMOCRACY TODAY; THAT INSPIRE CURRENT AND FUTURE GENERATIONS TO POLITICAL PARTICIPATION AND PUBLIC SERVICE; AND THAT PROMOTE DEBATE AND DISCUSSION OF ISSUES AT THE HEART OF CONTEMPORARY DEMOCRACY THAT RELATE TO THE LEGACY OF PRESIDENT JOHN F. KENNEDY. THE CLOSE RELATIONSHIP BETWEEN THE JOHN F. KENNEDY PRESIDENTIAL LIBRARY AND MUSEUM AND THE JOHN F. KENNEDY LIBRARY FOUNDATION ILLUSTRATES THE BENEFITS TO SOCIETY AND THE AMERICAN TAXPAYER THAT ACCRUE FROM SUCH PUBLIC/PRIVATE PARTNERSHIPS. MISSION STATEMENT THE PRIMARY MISSION OF THE JOHN FITZGERALD KENNEDY LIBRARY FOUNDATION IS TO SUPPORT THE WORK OF THE JOHN F. KENNEDY PRESIDENTIAL LIBRARY AND MUSEUM WHOSE CORE FUNCTION IS TO COLLECT, PRESERVE, AND MAKE ACCESSIBLE FOR RESEARCH THE DOCUMENTS, AUDIOVISUAL MATERIALS, AND HISTORICAL ARTIFACTS OF PRESIDENT KENNEDY, HIS FAMILY, AND HIS CONTEMPORARIES. STRATEGIC PLAN THE JOHN FITZGERALD KENNEDY LIBRARY FOUNDATION HAS COMMITTED TO PLAY A MORE ACTIVE ROLE IN THE PUBLIC SQUARE BY RENEWING PRESIDENT KENNEDY'S "ASK NOT" CHALLENGE AND GALVANIZING A NEW GENERATION OF AMERICANS TO ASK WHAT WE CAN DO FOR OUR COUNTRY AND OUR WORLD. THE FOUNDATION'S STRATEGIC PLAN INCLUDES FORGING INNOVATIVE PARTNERSHIPS TO DEVELOP OUTREACH AND INITIATIVES THAT WILL LEAD THE ORGANIZATION TO: GOAL #1: REACH, INSPIRE AND ACTIVATE EMERGING LEADERS THE JFK LIBRARY FOUNDATION WILL REACH, INSPIRE, AND ACTIVATE NEW AUDIENCES TO ENGAGE WITH AND BUILD ON THE LEGACY OF PRESIDENT KENNEDY AS CITIZENS, LEADERS, AND PUBLIC SERVANTS. GOAL #2: BECOME A LEADER AMONG CULTURAL INSTITUTIONS IN INNOVATIVE VIRTUAL ENGAGEMENT THE JFK LIBRARY FOUNDATION WILL REACH, INSPIRE, AND ACTIVATE NEW AUDIENCES BY BUILDING ON ITS CURRENT DIGITAL OFFERINGS AND CREATING NEW ENGAGEMENT OPPORTUNITIES FOR THOSE WHO CANNOT VISIT THE MUSEUM IN PERSON. GOAL #3: BECOME A MORE INCLUSIVE CULTURAL INSTITUTION THE KENNEDY LIBRARY FOUNDATION WILL PLAY AN ACTIVE ROLE IN EXTENDING PRESIDENT KENNEDY'S COMMITMENT TO BUILDING A MORE JUST, EQUITABLE WORLD BY CENTERING THE EXPERIENCE OF HISTORICALLY MARGINALIZED GROUPS IN THE FOUNDATION'S INTERNAL CULTURE, EXTERNAL ENGAGEMENT STRATEGIES, AND PROGRAMMING. GOAL #4: GENERATE NEW STREAMS OF FINANCIAL OR IN-KIND SUPPORT AND/OR REVENUE THE KENNEDY LIBRARY FOUNDATION WILL SECURE PHILANTHROPIC SUPPORT FOR AND PURSUE EARNED REVENUE OPPORTUNITIES FROM ITS INITIATIVES TO REACH, INSPIRE, AND ACTIVATE EMERGING LEADERS AND MORE DIVERSE AUDIENCES.

Financial Overview (2023)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data