Friends Of The Seattle Public Library
- Assets
- $286.2k
- Revenue
- $195.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Seattle, WA
- Founding
- 04/1942
- Data as of
- 12/2022
- EIN
- 91-6037706
Organization Overview
Friends Of The Seattle Public Library is located in Seattle, WA. The organization was established in 1942. As of 12/2023, Friends Of The Seattle Public Library employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Seattle Public Library 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 12/2022, Friends Of The Seattle Public Library generated $195.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $200.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE SEATTLE PUBLIC LIBRARY'S MISSION IS TO ELEVATE THE LIBRARY AND INSPIRE THE LOVE OF READING IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
DISTRIBUTION OF FREE BOOK BAGS TO CHILDREN RECEIVING THEIR FIRST LIBRARY CARDS, AND OTHER LIBRARY PROJECTS AND PROGRAMS.
THE FRIENDS OF THE SEATTLE PUBLIC LIBRARY OPERATE THE FRIENDSHOP, A GIFT STORE LOCATED IN THE CENTRAL BRANCH OF THE SEATTLE PUBLIC LIBRARY. THE FRIENDSHOP ACTS AS AN AMBASSADOR FOR THE SEATTLE PUBLIC LIBRARY, SELLING USED BOOKS AND GIFT ITEMS THAT CELEBRATE READING AND SUPPORT THE LIBRARY'S MISSION OF BRINGING PEOPLE, INFORMATION AND IDEAS TOGETHER TO ENRICH LIVES AND BUILD COMMUNITY. THE FRIENDSHOP SELLS CUSTOM-DESIGNED ITEMS RELATED TO THE SEATTLE PUBLIC LIBRARY AND SERVICE ITEMS TO ASSIST LIBRARY PATRONS, SUCH AS BOOK BAGS, HEADPHONES AND USB DRIVES. THESE SERVICE ITEMS ARE SUPPLIED TO ALL LIBRARY BRANCHES, AS WELL. THE FRIENDSHOP ALSO SELLS MEMBERSHIPS TO THE FRIENDS OF THE SEATTLE PUBLIC LIBRARY AND DISSEMINATES INFORMATION ABOUT THE FRIENDS.
THE FRIENDS OF THE SEATTLE PUBLIC LIBRARY ADVOCATE ON BEHALF OF THE SEATTLE PUBLIC LIBRARY. THE FRIENDS EDUCATE AND INFORM ITS MEMBERS, LIBRARY PATRONS AND THE GREATER SEATTLE COMMUNITY ABOUT THE LIBRARY, ITS SERVICES AND THE ISSUES THAT IT FACES. THE FRIENDS SUPPORT THE LIBRARY'S EFFORTS TO CREATE LIFELONG READERS THROUGH ITS BOOKS FOR TEACHERS PROGRAM. THROUGH ITS SURPLUS BOOK PROGRAM, THE FRIENDS GAVE BOOKS TO COMMUNITY ORGANIZATIONS IN SEATTLE, INCLUDING FOOD BANKS, HEALTH CLINICS, HOMELESS SHELTERS, CHILDREN'S PROGRAMS, EDUCATION ORGANIZATIONS, AND MANY OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Baird Trustee | Trustee | 20 | $14,828 |
Alex Cates Trustee | Trustee | 5 | $0 |
Tatiana Cooke Trustee | Trustee | 5 | $0 |
Bur Davis Trustee | Trustee | 5 | $0 |
Beck Hallmann Trustee | Trustee | 5 | $0 |
Aisling Herron Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,145 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,214 |
| Total Program Service Revenue | $0 |
| Investment income | $928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $137,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,943 |
| 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. | $14,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,233 |
| Advertising and promotion | $1,927 |
| Office expenses | $9,132 |
| Information technology | $138 |
| Royalties | $0 |
| Occupancy | $13,788 |
| Travel | $2,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $478 |
| Insurance | $1,582 |
| All other expenses | $0 |
| Total functional expenses | $200,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,923 |
| Savings and temporary cash investments | $157,082 |
| Pledges and grants receivable | $0 |
| 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 | $43,409 |
| Prepaid expenses and deferred charges | $5,077 |
| Net Land, buildings, and equipment | $677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $286,168 |
| Accounts payable and accrued expenses | $12,351 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,351 |
| Net assets without donor restrictions | $273,817 |
| Net assets with donor restrictions | $0 |
| 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 | $286,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $3,966,436 | $5,333,362 |
Community Library Association Inc Ketchum Sun Valley & Triumph Ketchum, ID | $24,030,804 | $4,468,077 |
King County Library System Foundation Issaquah, WA | $11,358,530 | $2,877,541 |
Bainbridge Public Library Inc Bainbridge Island, WA | $6,794,785 | $1,085,996 |
Friends Of The Seattle Public Library Seattle, WA | $286,168 | $195,943 |
Friends Of The Manchester Library Manchester, WA | $1,037,207 | $97,831 |
Friends Of The Eugene Public Library Eugene, OR | $104,602 | $0 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,889,683 | $853,255 |
Douglas County Library Foundation Roseburg, OR | $3,184,486 | $85,288 |
Friends Of The Salem Public Library Salem, OR | $157,356 | $0 |
Friends Of Lakewood Library Lakewood, WA | $27,390 | $0 |
Friends Of The Ada County District Library Inc Boise, ID | $45,039 | $0 |