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Nonprofiteer
← KING COUNTY LIBRARY SYSTEM FOUNDATION

Form 990 for tax year 2023

Filed by KING COUNTY LIBRARY SYSTEM FOUNDATION.

Totals

Total revenue
$2,877,541
Total expenses
$2,027,680
Contributions and grants received
$2,425,003
Grants paid
$1,376,855
Program service revenue
$0
Investment income
$312,609
Other revenue
$139,929
Total assets, end of year
$11,358,530
Total liabilities, end of year
$115,302
Net assets or fund balances, end of year
$11,243,228
Program services expenses (Part IX)
$1,376,855
Management and general expenses
$445,845
Fundraising expenses
$204,980
Program service expenses (Part III)
$1,376,855

Program services were 67.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $375,309

  • 1e · Government grants (contributions)

    $57,878

  • 1f · All other contributions, gifts and grants

    $1,991,816

  • 1g · Noncash contributions included above

    $70,651

  • 3 · Investment income

    total $123,288 · excluded $123,288

  • 7a · Gross sales of assets other than inventory

    securities $1,638,027

  • 7b · Less cost or other basis and sales expenses

    securities $1,448,706

  • 7c · Gain or loss

    securities $189,321

  • 7d · Net gain or loss

    total $189,321 · excluded $189,321

  • 8a · Fundraising events: gross income

    $69,830

  • 8a · Fundraising events: contributions included on line 1c

    $375,309

  • 8b · Fundraising events: direct expenses

    $210,328

  • 8c · Net income from fundraising events

    total -$140,498 · excluded -$140,498

  • 10a · Gross sales of inventory

    $255,540

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $255,540 · excluded $255,540

  • 11a · Other revenue: VENDING MACHINE SALES

    total $24,887 · excluded $24,887

  • 11e · Other revenue, total

    $24,887

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,376,855 · program services $1,376,855

  • 11b · Fees: legal

    total $397 · management and general $397

  • 11e · Fees: professional fundraising services

    total $102,796 · fundraising $102,796

  • 11f · Fees: investment management

    total $37,666 · management and general $37,666

  • 11g · Fees: other

    total $37,663 · management and general $95 · fundraising $37,568

  • 13 · Office expenses

    total $47,930 · management and general $7,687 · fundraising $40,243

  • 24a · Other expenses: BAD DEBT

    total $424,373 · management and general $400,000 · fundraising $24,373

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $616,090 · end of year $2,139,602

  • 2 · Savings and temporary cash investments

    beginning of year $685,539 · end of year $691,118

  • 3 · Pledges and grants receivable

    beginning of year $2,897,337 · end of year $2,098,401

  • 4 · Accounts receivable

    beginning of year $85,555 · end of year $20,994

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,499 · end of year $14,501

  • 11 · Investments: publicly traded securities

    beginning of year $5,432,710 · end of year $6,393,914

  • 15 · Other assets

    beginning of year $42,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,856 · end of year $11,662

  • 18 · Grants payable

    beginning of year $28,899 · end of year $103,640

  • 27 · Net assets without donor restrictions

    beginning of year $7,979,476 · end of year $8,450,960

  • 28 · Net assets with donor restrictions

    beginning of year $1,719,499 · end of year $2,792,268

Mission and programs · 2023

Mission

THE KING COUNTY LIBRARY SYSTEM FOUNDATION PROMOTES LITERACY, LEARNING, AND LIBRARIES BY PROVIDING SUPPORT BEYOND PUBLIC FUNDING FOR INITIATIVES AND RESOURCES THAT ENABLE THE KING COUNTY LIBRARY SYSTEM TO BETTER SERVE THE NEEDS OF OUR COMMUNITY.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR KING COUNTY LIBRARY SYSTEM.

  • KCLS INNOVATION PROGRAMS INCLUDE HOTSPOT LENDING SERVICES, EMERGING TECHNOLOGY, LEAN LIBRARY PROJECT, PATRON ENGAGEMENT DATA, MEASUREMENT AND EXPERIMENTATION ENABLEMENT, AND DATA ENGINEERING. COLLECTIVELY, THESE PROGRAMS ARE IMPROVING THE ABILITY OF KCLS TO UTILIZE DATA AND TECHNOLOGY TO BETTER SERVE ITS INCREASINGLY DIVERSE COMMUNITIES. THE GOAL OF THE LEAN LIBRARY PROJECT IS TO REDUCE TURNAROUND TIME OF MATERIALS AND TO ADD FLEXIBILITY TO OUR PROCESSES. DATA ENGINEERING FOCUS ON EXPANSION OF THE KCLS DATA WAREHOUSE WITH THE GOALS OF: ONBOARDING ALL KCLS DATA SOURCES, ONBOARDING RELEVANT EXTERNAL DATASETS, DOCUMENTING PROCESSES AND BEST PRACTICES, TESTING AND VALIDATING DATA, AND ENSURING THE DATA IS AVAILABLE FOR STAFF USE FOR REPORTING AND ANALYTICS.

    Expenses $335,000 · Grants $335,000

  • KCLS SUMMER READING 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. THE SUMMER READING PROGRAM MAKES IT POSSIBLE TO REACH, SERVE, ENCOURAGE, AND REWARD READERS INSIDE AND OUTSIDE THE LIBRARY.

    Expenses $335,000 · Grants $335,000

  • ADULT PROGRAMMING. A MAJORITY OF THIS AMOUNT SUPPORTED PEERS IN LIBRARIES. THIS PROGRAM CONNECTS PATRONS WHO HAVE BARRIERS TO GETTING THEIR BASIC NEEDS MET WITH SERVICES, SUPPORTS AND RESOURCES TO MOVE TOWARD STABILITY AND IMPROVED HEALTH. PEERS USE THEIR LIVED EXPERIENCE TO PROVIDE INDIVIDUALIZED SUPPORT, PRACTICE IN COMMUNITY MEETINGS, AND BUILD RELATIONSHIPS WITH COMMUNITY PARTNERS. KCLS' EXTENDING SERVICES TO PEOPLE EXPERIENCING HOMELESSNESS PROGRAM INCREASES ACCESS FOR PEOPLE WHO EXPERIENCE BARRIERS TO UTILIZING LIBRARY BUILDINGS AND PROGRAMS DUE TO HOUSING INSTABILITY. THIS PROVIDES OUTREACH TO TENT CITIES, PROVIDING ROBUST EMPLOYMENT, INFORMATION, AND REFERRAL SERVICES VIA DEDICATED KCLS STAFF AND PEER NAVIGATORS UTILIZING THE BOOKMOBILE AND MOBILE COMPUTER LAB. IN ADDITION, THE INVEST IN YOURSELF PROGRAM PROVIDE SERVICES TO PATRONS WHO ARE SEEKING EMPLOYMENT AND BETTER CAREER OPPORTUNITIES. THIS PROJECT SUPPORTS ECONOMIC JUSTICE IN THE AREAS OF SMALL BUSINESS, JOBS, PERSONAL FINANCE, AND THE DIGITAL SKILLS NEEDED TO SUPPORT ALL THREE.

    Expenses $171,000 · Grants $171,000

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $535,855 · Grants $535,855

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JIM WIGFALL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DESIREE GOOD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEFF GUDDAT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SANDRA COLLIER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SHOBANA BALAKRISHNAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOREEN BINGO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CATHLEEN BRUESKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND CHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PENNIE CLARK IANNICIELLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMY COREY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA DILLAWAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE FRANTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA FRIEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER HAAKENSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREGORY HENDERSHOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THERESA HUIZI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DUCKSOON HWANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JESSE JANDA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE KUEHNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIKA LINDSAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANENA METOYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HARRIETT MORTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNE REPASS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PIPER SANGSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE SWANE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICK TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA YAMASAKI

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5:
THE EXECUTIVE DIRECTOR WAS PAID BY THE KING COUNTY LIBRARY SYSTEM, AN UNRELATED ORGANIZATION. LISA YAMASAKI RECEIVED $145,600 IN COMPENSATION FROM THE KING COUNTY LIBRARY SYSTEM.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202402829349301870

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