Seattle Public Library Foundation
- Assets
- $96.4m
- Revenue
- $10.2m
- Investments
- $4.7m
- Employees
- 9
- Location
- Seattle, WA
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 91-1140642
Organization Overview
Seattle Public Library Foundation is located in Seattle, WA. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Seattle Public Library Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Public Library Foundation 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 12/2021, Seattle Public Library Foundation generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE THE COMMUNITY'S PHILANTHROPIC SUPPORT, ADVOCACY FOR, AND PRIDE IN THE LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEATTLE PUBLIC LIBRARY FOUNDATION REPRESENTED MORE THAN 7,600 DONORS IN 2021 WHO DECLARE THROUGH THEIR GENEROUS CONTRIBUTIONS THAT THE LIBRARY IS A TREASURE IN OUR COMMUNITY. DONORS' COLLECTIVE INVESTMENTS ENHANCE LIBRARY COLLECTIONS, MAKE POSSIBLE FREE PROGRAMS AT LIBRARY BRANCHES, AND FUND NEW SERVICES TO HELP EVERYONE CONNECT TO RESOURCES THAT WILL BETTER THEIR LIVES. PRIVATE SUPPORT ALSO STRENGTHENS THE LIBRARY'S CAPACITY TO INNOVATE AND ADAPT TO CHANGE AND ALLOWS THE LIBRARY TO EXPERIMENT, EVALUATE THE RESULTS, AND INVEST RESOURCES IN AREAS THAT HAVE THE GREATEST IMPACT IN CREATING AN EQUITABLE SOCIETY WHERE ALL SEATTLE RESIDENTS CAN THRIVE. IN 2021, THE FOUNDATION PROVIDED MORE THAN $4.9 MILLION IN GRANTS AND DIRECT PROGRAM SUPPORT, OF WHICH OVER $4.4 MILLION WAS IN CASH GRANTS AND SUPPORT TO THE SEATTLE PUBLIC LIBRARY. THESE GRANTS SUPPORT SIX PATRON SERVICE PRIORITIES: COLLECTIONS AND RESOURCES; YOUTH AND FAMILY LEARNING, COMMUNITY ENGAGEMENT; TECHNOLOGY AND ACCESS; REIMAGINED SPACES; AND SEATTLE CULTURE AND HISTORY. ADDITIONALLY, THE FOUNDATION SUPPORTS LIBRARY TRAINING, STAFF DEVELOPMENT, AND STRATEGIC INITIATIVES TO HELP KEEP THE LIBRARY A LEADER IN ITS FIELD. THE LARGEST CASH GRANT, OVER $1.5 MILLION, SUPPORTED THE LIBRARY'S COLLECTIONS AND RESOURCES. THESE FUNDS ALLOWED THE LIBRARY TO PURCHASE BOOKS, EBOOKS, AUDIOBOOKS, DVDS, AND MUSIC FOR ALL AGES, AS WELL AS BOOKS AND MATERIALS FOR NUMEROUS LIBRARY PROGRAMS. CURRENTLY ONE IN EVERY FOUR ITEMS IN THE COLLECTION IS PURCHASED WITH FOUNDATION FUNDS. A GRANT OF OVER $708,000 SUPPORTED VARIOUS COMMUNITY ENGAGEMENT PROGRAMS, INCLUDING MOBILE SERVICES TO REACH PATRONS WITH BARRIERS TO VISITING BRANCHES, SUCH AS SENIORS, AND CIVIC ENGAGEMENT AND ART PROGRAMS TO ENGAGE NONTRADITIONAL LIBRARY AUDIENCES. GRANTS OF OVER $799,000 IN THE TECHNOLOGY AND ACCESS ARENA SUPPORTED UPGRADED TECHNOLOGY, IMPROVED ACCESS TO LIBRARY RESOURCES FOR OPPORTUNITY COMMUNITIES, AND DIGITAL MEDIA LEARNING PROGRAMS.THE FOUNDATION ALSO SUPPORTED THE LIBRARY'S SPECIAL PROGRAMS FOR YOUTH AND FAMILIES, GIVING OVER $704,000 IN GRANT FUNDS TO SPONSOR PROGRAMS SUCH AS SUMMER OF LEARNING, HOMEWORK HELP, RAISING A READER, THE GLOBAL READING CHALLENGE, AND OTHER INITIATIVES TO HELP CHILDREN SUCCEED IN SCHOOL. THE FOUNDATION ALSO SUPPORTED THE LIBRARY'S EFFORTS TO REIMAGINE ITS SPACES TO BETTER SERVE GROWING POPULATIONS WITH GRANTS TOTALING OVER $249,000 IN 2021. GRANTS TOTALING OVER $244,000 WERE PROVIDED FOR SPECIALIZED STAFF TRAINING, STRATEGIC SUPPORT, AND SEATTLE CULTURE AND HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonna Ward Chief Executive Officer | Officer | 40 | $197,427 |
B Kay Odrosky Chief Finanical Officer | Officer | 40 | $162,840 |
Brian Lawrence Deputy Executive Director | Officer | 40 | $153,554 |
Patricia Walker President | OfficerTrustee | 5 | $0 |
Justo Gonzalez Vice President | OfficerTrustee | 5 | $0 |
Tyler Preston Mickey Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,561,683 |
| Noncash contributions included in lines 1a–1f | $1,345,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,561,683 |
| Total Program Service Revenue | $0 |
| Investment income | $1,470,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,181,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,213,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,263,157 |
| 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. | $598,691 |
| Compensation of current officers, directors, key employees. | $253,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,811 |
| Pension plan accruals and contributions | $25,529 |
| Other employee benefits | $84,524 |
| Payroll taxes | $72,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,685 |
| Fees for services: Other | $94,089 |
| Advertising and promotion | $3,123 |
| Office expenses | $187,648 |
| Information technology | $72,011 |
| Royalties | $0 |
| Occupancy | $9,485 |
| Travel | $251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,181 |
| Insurance | $14,519 |
| All other expenses | $587 |
| Total functional expenses | $5,953,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,456,491 |
| Savings and temporary cash investments | $253,822 |
| Pledges and grants receivable | $221,616 |
| Accounts receivable, net | $120,277 |
| 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 | $11,389 |
| Net Land, buildings, and equipment | $7,564 |
| Investments—publicly traded securities | $87,616,130 |
| Investments—other securities | $4,744,521 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,431,810 |
| Accounts payable and accrued expenses | $240,476 |
| Grants payable | $1,675,696 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,916,172 |
| Net assets without donor restrictions | $28,966,680 |
| Net assets with donor restrictions | $65,548,958 |
| 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 | $96,431,810 |
Grants Awarded
Over the last fiscal year, Seattle Public Library Foundation has awarded $4,627,910 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE PUBLIC LIBRARY PURPOSE: SUPPORT LIBRARY'S PATRON SERVICE PRIORITIES | $4,533,839 |
SEATTLE PUBLIC LIBRARY PURPOSE: ENHANCE THE SEATTLE CULTURE AND HISTORY/SPECIAL COLLECTIONS | $82,080 |
SEATTLE PUBLIC LIBRARY PURPOSE: ENHANCE THE SEATTLE CULTURE AND HISTORY/SPECIAL COLLECTIONS | $10,000 |
SEATTLE PUBLIC LIBRARY PURPOSE: ENHANCE THE PATRON PROGRAM EXPERIENCE FOR HEARING-IMPAIRED ATTENDEES | $769 |
SEATTLE PUBLIC LIBRARY PURPOSE: ENHANCE THE SEATTLE CULTURE AND HISTORY/SPECIAL COLLECTIONS | $700 |
SEATTLE PUBLIC LIBRARY PURPOSE: ENHANCES PATRON PROGRAM EXPERIENCE FOR ATTENDEES BY PROVIDING REFRESHMENTS | $522 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seattle Public Library Foundation has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Peter A & Marion W Schwartz Fam Foundation Tr Canandaigua, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Jku Foundation Seattle, WA PURPOSE: LITERACY SERVICES | $1,000 |
Endowment Analysis
| Beg. Balance | $68,542,342 |
| Earnings | $7,513,478 |
| Net Contributions | $1,379,656 |
| Grants | $2,205,741 |
| Ending Balance | $75,229,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Alaska Foundation Anchorage, AK | $433,420,168 | $30,048,910 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Choice Regional Health Network Olympia, WA | $24,377,222 | $13,582,793 |
Housing Northwest Inc Portland, OR | $58,641,349 | $5,917,895 |
Seattle Public Library Foundation Seattle, WA | $96,431,810 | $10,213,683 |
Clark Community College District 14 Foundation Vancouver, WA | $121,917,031 | $11,491,033 |
Central Washington University Foundation Ellensburg, WA | $48,919,247 | $7,605,095 |
Green River College Foundation Auburn, WA | $36,981,286 | $4,351,003 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
Regent College Foundation Seattle, WA | $182,703 | $2,359,102 |
College Of Idaho 2nd Century Fund- Trust B A Charitable Education Tr Caldwell, ID | $12,230,873 | $1,074,973 |
Central Oregon Community College Foundation Bend, OR | $26,812,893 | $2,143,822 |