Seattle Athenaeum
- Assets
- $168.1k
- Revenue
- $365.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Seattle, WA
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2486862
Organization Overview
Seattle Athenaeum, operating under the name Folio Seattle, is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Folio Seattle employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folio Seattle is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Folio Seattle generated $365.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $253.5k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEEPEN PUBLIC APPRECIATION OF THE LITERARY ARTS THROUGH PRESERVATION OF BOOK COLLECTIONS, BOOK SHARING THROUGH LIBRARY SERVICES, BOOK RELATED CULTURAL PROGRAMMING AND WORKSPACE FOR WRITERS AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOLIO PROVIDES INCLUSIVE AND ACCESSIBLE SPACE TO READ, WRITE, AND WORK. LOCATED AT THE HEART OF PIKE PLACE MARKET, FOLIO'S READING ROOMS ARE HOME TO A CIRCULATING BOOK COLLECTION OF OVER 11,000 BOOKS, AND MANY LITERARY AND CULTURAL PERIODICALS. FREE BOOKS ARE DISTRIBUTED FROM OUR PIKE PLACE MARKET LOCATION TO NUMEROUS OTHER NON-PROFITS IN SEATTLE WHICH INCLUDE LITERARY ORGANIZATIONS AND FOOD BANKS. AS A PUBLIC CULTURAL HUB, FOLIO OFFERS LIVELY AND DIVERSE OPPORTUNITIES FOR CONVERSATION, CONNECTION, CIVIC ENGAGEMENT, AND CULTURAL ENRICHMENT THROUGH INTIMATE AUTHOR READINGS, CIVIC PANEL DISCUSSIONS, MUSICAL EVENINGS, BOOK DISCUSSION GROUPS, AND PHILOSOPHY AND POETRY CLUBS. MANY OF THESE PROGRAMS ARE PROVIDED FREE OR AT LOW COST AND IN PARTNERSHIP WITH INDEPENDENT BOOKSTORES, UNIVERSITIES AND CULTURAL ORGANIZATIONS. IN 2023 OVER 1450 AUDIENCE MEMBERS ATTENDED 80 PROGRAMS AT FOLIO AND ONLINE VIA ZOOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juliana Aldous President | OfficerTrustee | 4 | $0 |
Sandra Haynes Secretary | OfficerTrustee | 2 | $0 |
Tom Corddry Treasurer | OfficerTrustee | 2 | $0 |
Beth Brooks Director | Trustee | 1 | $0 |
Clement Utuk Director | Trustee | 1 | $0 |
Nicole Aguirre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,895 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,185 |
| Total Program Service Revenue | $16,844 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,595 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,309 |
| Compensation of current officers, directors, key employees. | $14,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,951 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,209 |
| Payroll taxes | $12,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,299 |
| Office expenses | $2,656 |
| Information technology | $4,832 |
| Royalties | $0 |
| Occupancy | $33,848 |
| Travel | $9 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,982 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,337 |
| All other expenses | $8,115 |
| Total functional expenses | $253,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,082 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $168,138 |
| Accounts payable and accrued expenses | $53,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,108 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,723 |
| Net assets without donor restrictions | $9,915 |
| Net assets with donor restrictions | $96,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $168,138 |