King County Library System Foundation is located in Issaquah, WA. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King County Library System 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, King County Library System Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.2m 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
TO PROVIDE SUPPORT FOR KING COUNTY LIBRARY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KCLS'S INNOVATION PROGRAMS ARE PROGRAMS THAT INCLUDE ARTIFICIAL INTELLIGENCE EXPLORATION, HOTSPOT LENDING SERVICES, IDEAX, REMOTE PATRON LAPTOPS AND DIGITAL NAVIGATORS. KCLS STRIVES TO BECOME MORE INTEGRATED INTO EVERYDAY ACTIONS, CREATE NEW IDEAS AND CHANGE PROCESSES THAT SERVE ALL MEMBERS OF OUR COMMUNITY. KCLS FOUNDATION FUNDING SUPPORTS THE REMOVAL OF BARRIERS THROUGH THESE PROGRAMS AND ESTABLISHES KCLS AS A VALUED INSTITUTION THAT HELPS PATRONS PARTICIPATE IN OUR SOCIETY, DEMOCRACY, AND ECONOMY.
KCLS PURCHASED TWO LIBRARY LOCKER SYSTEMS IN RESPONSE TO COVID-19 TO MEET THE GROWING NEED FOR SAFE, CONTACTLESS PICK UP OF LIBRARY ITEMS AND ACCESS OUTSIDE OF NORMAL LIBRARY OPERATING HOURS. BOTHELL AND COVINGTON WERE CHOSEN VIA A PROCESS THAT CONSIDERED THE EQUITY OF DIGITAL ACCESS AND THE LOCATIONS SUITABILITY FOR OUTDOOR LOCKER INSTALLATION. THE LOCKERS REPRESENT AN EXPANDED SERVICE OPPORTUNITY THAT CAN BENEFIT KCLS BOTH NOW AND IN THE FUTURE.
KCLS'S EARLY LITERACY AND CHILDREN'S PROGRAMS INCLUDE RAISING A READER, SUPPORTING GRADE LEVEL READING, AND TAKE AND MAKE KITS. RAISING A READER IS A NATIONALLY RECOGNIZED PARENT ENGAGEMENT AND BOOK DELIVERY PROGRAM. KCLS PROVIDES DEVELOPMENTALLY APPROPRIATE AND DIVERSE BOOKS FOR YOUNG CHILDREN AND THEIR FAMILIES, WHICH ARE DISTRIBUTED THROUGH COMMUNITY PARTNERS EACH WEEK. SUPPORTING GRADE LEVEL READING PARTNERS WITH SCHOOLS TO FOSTER A LOVE OF READING HAS PROVEN BENEFICIAL TO PARTICIPANTS AS THEY CONTINUE THROUGH THEIR EDUCATION. IN ADDITION, DURING THE CLOSURE OF LIBRARY BUILDINGS AND SCHOOL REMOTE LEARNING, KCLS PURCHASED TAKE AND MAKE KITS THAT INCLUDED LITERACY AND STEM LEARNING ACTIVITIES AND SUPPLIES FOR CHILDREN. THE KITS WERE DISTRIBUTED TO UNDERSERVED FAMILIES THROUGH COMMUNITY PARTNERS INCLUDING FOOD BANKS.
KCLS' EXTENDING SERVICES TO PEOPLE EXPERIENCE HOMELESSNESS PROGRAM EXPANDED ITS OUTREACH TO TENT CITIES, PROVIDING ROBUST EMPLOYMENT, INFORMATION, AND REFERRAL SERVICES VIA DEDICATED KCLS STAFF UTILIZING THE BOOKMOBILE AND MOBILE COMPUTER LAB TO PROVIDE ONSITE SERVICES AND COLLABORATE WITH OTHER SERVICE PROVIDERS. SUMMER READING PROGRAM INCENTIVIZES CHILDREN, TEENS, AND ADULTS TO TAKE TIME TO READ IN THE SUMMER MONTHS. SUMMER READING MOTIVATES PEOPLE TO KEEP LEARNING OVER THE SUMMER, BUILDS COMMUNITY, AND ESTABLISHES THE LIBRARY AS A VALUED SPACE AND INFORMATION HUB FOR ALL AGES. AUTHORS OF COLOR EVENT SERIES WILL BRING AT LEAST FOUR HIGH-PROFILE AUTHORS REPRESENTING A RANGE OF DIVERSE BACKGROUNDS AND EXPERIENCES FOR AN ONLINE EVENT SERIES. WORKFORCE DEVELOPMENT SUPPORT KCLS'S POSITION IN HELPING OUR COMMUNITY BE PREPARED AND RESILIENT IN THIS CHANGING ECONOMIC REALITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ducksoon Hwang President | OfficerTrustee | 1 | $0 |
Jim Wigfall Vice President | OfficerTrustee | 1 | $0 |
Theresa Huizi Treasurer | OfficerTrustee | 1 | $0 |
Mai Noonan Secretary | OfficerTrustee | 1 | $0 |
Ken Ryals Exectuive Director | Officer | 40 | $0 |
Shobana Balakrishnan Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $102,500 |
Related organizations | $0 |
Government grants | $46,000 |
All other contributions, gifts, grants, and similar amounts not included above | $849,937 |
Noncash contributions included in lines 1a–1f | $52,232 |
Total Revenue from Contributions, Gifts, Grants & Similar | $998,437 |
Total Program Service Revenue | $0 |
Investment income | $141,916 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $267,186 |
Net Income from Fundraising Events | $368,813 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $295,905 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,076,061 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $991,226 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $66,391 |
Fees for services: Investment Management | $32,703 |
Fees for services: Other | $48,242 |
Advertising and promotion | $0 |
Office expenses | $61,764 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $24,010 |
Total functional expenses | $1,225,336 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $632,297 |
Savings and temporary cash investments | $684,066 |
Pledges and grants receivable | $2,691,629 |
Accounts receivable, net | $48,750 |
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 | $18,689 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $6,279,592 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $131,539 |
Total assets | $10,486,562 |
Accounts payable and accrued expenses | $150,275 |
Grants payable | $48,578 |
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 | $198,853 |
Net assets without donor restrictions | $8,370,109 |
Net assets with donor restrictions | $1,917,600 |
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 | $10,486,562 |
Over the last fiscal year, King County Library System Foundation has awarded $1,009,162 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
KING COUNTY LIBRARY SYSTEM PURPOSE: SUPPORT LIBRARY PROGRAMS | $884,162 |
KING COUNTY LIBRARY SYSTEM PURPOSE: SUPPORT LIBRARY CAPITAL CAMPAIGN - TUKWILA | $125,000 |
Over the last fiscal year, we have identified 2 grants that King County Library System Foundation has recieved totaling $23,000.
Awarding Organization | Amount |
---|---|
Peter A & Marion W Schwartz Fam Foundation Tr Canandaigua, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Kawabe Memorial Fund Aka Harry S Kawabe Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,000 |
Beg. Balance | $1,405,305 |
Earnings | $221,245 |
Net Contributions | $84,000 |
Other Expense | $10,000 |
Ending Balance | $1,700,550 |
Organization Name | Assets | Revenue |
---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $2,777,165 | $5,197,203 |
Community Library Association Inc Ketchum Sun Valley & Triumph Ketchum, ID | $24,030,804 | $4,468,077 |
King County Library System Foundation Issaquah, WA | $10,486,562 | $2,076,061 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,504,899 | $545,635 |
Friends Of The Manchester Library Manchester, WA | $907,455 | $343,129 |
Bainbridge Public Library Inc Bainbridge Island, WA | $6,117,018 | $388,495 |
Friends Of The Seattle Public Library Seattle, WA | $258,163 | $276,616 |
Friends Of The Eugene Public Library Eugene, OR | $108,266 | $0 |
Douglas County Library Foundation Roseburg, OR | $2,904,390 | $2,131,346 |
Friends Of The Salem Public Library Salem, OR | $120,374 | $0 |
Friends Of Lakewood Library Lakewood, WA | $34,445 | $0 |
Friends Of The Ada County District Library Inc Boise, ID | $45,039 | $0 |