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Nonprofiteer
← SEATTLE PUBLIC LIBRARY FOUNDATION

Form 990 for tax year 2025

Filed by SEATTLE PUBLIC LIBRARY FOUNDATION.

Totals

Total revenue
$10,113,731
Total expenses
$8,254,897
Contributions and grants received
$6,889,782
Grants paid
$5,757,464
Program service revenue
$0
Investment income
$3,223,949
Other revenue
$0
Total assets, end of year
$117,888,728
Total liabilities, end of year
$2,604,531
Net assets or fund balances, end of year
$115,284,197
Program services expenses (Part IX)
$6,385,044
Management and general expenses
$1,286,302
Fundraising expenses
$583,551
Program service expenses (Part III)
$6,385,044

Program services were 77.3% 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.

  • 1f · All other contributions, gifts and grants

    $6,889,782

  • 1g · Noncash contributions included above

    $227,108

  • 3 · Investment income

    total $2,588,916 · excluded $2,588,916

  • 7a · Gross sales of assets other than inventory

    securities $10,540,175

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

    securities $9,905,142

  • 7c · Gain or loss

    securities $635,033

  • 7d · Net gain or loss

    total $635,033 · excluded $635,033

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,744,964 · program services $5,744,964

  • 2 · Grants to domestic individuals

    total $12,500 · program services $12,500

  • 5 · Compensation of officers, directors and key employees

    total $457,636 · program services $164,749 · management and general $178,376 · fundraising $114,511

  • 7 · Other salaries and wages

    total $580,714 · program services $147,836 · management and general $329,063 · fundraising $103,815

  • 8 · Pension plan contributions

    total $33,961 · program services $12,541 · management and general $13,025 · fundraising $8,395

  • 9 · Other employee benefits

    total $122,242 · program services $44,007 · management and general $47,683 · fundraising $30,552

  • 10 · Payroll taxes

    total $77,818 · program services $28,370 · management and general $30,095 · fundraising $19,353

  • 11b · Fees: legal

    total $703 · program services $600 · management and general $90 · fundraising $13

  • 11c · Fees: accounting

    total $40,845 · management and general $40,845

  • 11d · Fees: lobbying

    total $75,000 · management and general $75,000

  • 11f · Fees: investment management

    total $312,369 · management and general $312,369

  • 11g · Fees: other

    total $359,082 · program services $151,069 · management and general $126,093 · fundraising $81,920

  • 13 · Office expenses

    total $208,976 · program services $21,737 · management and general $22,636 · fundraising $164,603

  • 14 · Information technology

    total $110,460 · program services $42,383 · management and general $41,581 · fundraising $26,496

  • 17 · Travel

    total $8,728 · program services $575 · management and general $5,251 · fundraising $2,902

  • 19 · Conferences, conventions and meetings

    total $19,317 · program services $5,456 · management and general $13,726 · fundraising $135

  • 22 · Depreciation, depletion and amortization

    total $5,008 · management and general $5,008

  • 23 · Insurance

    total $20,401 · program services $2,538 · management and general $17,863

  • 24a · Other expenses: CULTIVATION & STWRDSHP

    total $55,281 · program services $5,558 · management and general $20,059 · fundraising $29,664

  • 24e · All other expenses

    total $8,892 · program services $161 · management and general $7,539 · fundraising $1,192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,641,306 · end of year $3,497,334

  • 2 · Savings and temporary cash investments

    beginning of year $312,577 · end of year $105,898

  • 3 · Pledges and grants receivable

    beginning of year $555,717 · end of year $1,271,485

  • 4 · Accounts receivable

    beginning of year $323 · end of year $440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,969 · end of year $20,198

  • 10a · Land, buildings and equipment: cost or other basis

    $36,731

  • 10b · Land, buildings and equipment: accumulated depreciation

    $36,625

  • 10c · Land, buildings and equipment, net

    beginning of year $5,114 · end of year $106

  • 11 · Investments: publicly traded securities

    beginning of year $95,241,475 · end of year $108,366,412

  • 12 · Investments: other securities

    beginning of year $4,271,479 · end of year $4,626,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $276,416 · end of year $310,345

  • 18 · Grants payable

    beginning of year $1,788,530 · end of year $2,294,186

  • 27 · Net assets without donor restrictions

    beginning of year $34,273,988 · end of year $39,380,840

  • 28 · Net assets with donor restrictions

    beginning of year $67,721,026 · end of year $75,903,357

Mission and programs · 2025

Mission

THE SEATTLE PUBLIC LIBRARY FOUNDATION INSPIRES THE COMMUNITY'S PHILANTHROPIC SUPPORT, ADVOCACY FOR, AND PRIDE IN THE LIBRARY.

Activities or mission (Part I)

INSPIRE THE COMMUNITY'S PHILANTHROPIC SUPPORT, ADVOCACY FOR, AND PRIDE IN THE LIBRARY.

  • THE SEATTLE PUBLIC LIBRARY FOUNDATION CHANNELS THE GENEROSITY OF MORE THAN 8,300 DONORS INTO DIRECT SUPPORT FOR THE SEATTLE PUBLIC LIBRARY, FUNDING COLLECTIONS, PROGRAMS, AND SERVICES ABOVE AND BEYOND WHAT PUBLIC DOLLARS PROVIDE. IN 2025, THE FOUNDATION PROVIDED MORE THAN $6.5 MILLION IN FUNDING AND DIRECT PROGRAM SUPPORT, INCLUDING OVER $5.9 MILLION IN CASH FUNDING AND SUPPORT TO THE SEATTLE PUBLIC LIBRARY, ACROSS SIX PATRON SERVICE PRIORITIES: COLLECTIONS AND MATERIALS, YOUTH AND FAMILY LEARNING, COMMUNITY ENGAGEMENT AND ECONOMIC DEVELOPMENT, TECHNOLOGY AND ACCESS, WELCOMING SPACES, AND SEATTLE CULTURE AND HISTORY. THIS SUPPORT FUNDED 54 FREE, EQUITY-BASED PROGRAMS AT LIBRARY BRANCHES, WHICH TOGETHER ORDERED MORE THAN 5,000 EVENTS THROUGHOUT THE YEAR. COLLECTIVELY, THESE PROGRAMS STRENGTHENED THE LIBRARY'S CAPACITY TO INNOVATE, EVALUATE RESULTS, AND INVEST WHERE IMPACT IS GREATEST. ADDITIONALLY, THE FOUNDATION SUPPORTS LIBRARY TRAINING, STAFF DEVELOPMENT, AND STRATEGIC INITIATIVES TO HELP KEEP THE LIBRARY REMAIN A LEADER IN ITS FIELD.THE FOUNDATION'S LARGEST GRANT, MORE THAN $2.1MILLION, EXPANDED THE LIBRARY'S COLLECTIONS AND RESOURCES FOR READERS OF ALL AGES. THESE FUNDS ALLOWED THE LIBRARY TO PURCHASE BOOKS, E-BOOKS, AUDIOBOOKS, DVDS, AND MUSIC, AS WELL AS BOOKS AND MATERIALS FOR NUMEROUS LIBRARY PROGRAMS, INCLUDING BOOKS UNBANNED AND THE SEATTLE ROOM. ABOUT ONE IN EVERY THREE NEW ITEMS JOINED THE COLLECTION WITH FOUNDATION SUPPORT.FOUNDATION FUNDS SUPPORT MANY PROJECTS THAT ENGAGE THE COMMUNITY IN A WIDE RANGE OF ENRICHMENT PROGRAMS AND CONTRIBUTE TO THE ECONOMIC SUCCESS OF PATRONS. MORE THAN $1.5 MILLION BROUGHT THE LIBRARY TO PEOPLE WHO FACE BARRIERS VISITING A BRANCH. FOUNDATION FUNDED MOBILE SERVICES MADE MORE THAN 1,200 VISITS TO SENIOR COMMUNITIES, PRESCHOOLS, AND COMMUNITY PARTNER LOCATIONS IN 2025, WHILE CIVIC ENGAGEMENT, ARTS, HUMANITIES, AND ADULT PROGRAMS SERVED 35,000 COMMUNITY MEMBERS, INCLUDING NEW AUDIENCES TO THE LIBRARY.FOUNDATION FUNDS SUPPORTED MORE THAN A DOZEN YOUTH AND FAMILY LEARNING INITIATIVES. $795,000 SPONSORED PROGRAMS THAT HELP CHILDREN SUCCEED IN SCHOOL, INCLUDING SUMMER OF LEARNING, HOMEWORK HELP, RAISING A READER, STORY TIME, AND THE GLOBAL READING CHALLENGE, TOGETHER SERVING APPROXIMATELY 75,000 YOUTH, CHILDREN, AND FAMILY MEMBERS.GRANTS OF OVER $761,000 UPGRADED LIBRARY TECHNOLOGY, IMPROVED ACCESS TO LIBRARY RESOURCES FOR TRADITIONALLY UNDERSERVED COMMUNITIES, AND FUNDED DIGITAL MEDIA LEARNING PROGRAMS.WELCOMING LIBRARY SPACES SUPPORTED THE LIBRARY'S EFFORTS TO CREATE WELCOMING AND SAFE SPACES TO BETTER SERVE GROWING POPULATIONS BY SUPPORTING FURNITURE AND OTHER CAPITAL IMPROVEMENTS.STAFF DEVELOPMENT AND STRATEGIC INITIATIVES, AND SEATTLE CULTURE AND HISTORY. GRANTS FUNDED SPECIALIZED STAFF TRAINING, STRATEGIC SUPPORT, AND SEATTLE CULTURE AND HISTORY PROGRAMMING TO HELP THE LIBRARY REMAIN A LEADER IN ITS FIELD. ADVOCACY AND OTHER IN-DIRECT SUPPORT TO THE LIBRARY: THROUGH THE PUBLIC LIBRARY ACTION NETWORK, A GRASSROOTS NETWORK OF SUPPORTERS WHO CONTACT ELECTED OFFICIALS, THE FOUNDATION ADVOCATES FOR PUBLIC FUNDING FOR THE LIBRARY AT THE LOCAL, STATE, AND FEDERAL LEVELS. OVER THE PAST 20 YEARS, THE FOUNDATION HAS HELPED SECURE $572 MILLION IN PUBLIC FUNDING THROUGH THE CITY BUDGET AND LEVY MEASURES. TOTAL OTHER PROGRAM AND ADVOCACY SUPPORT WAS $778,000 IN 2025.

    Expenses $6,385,044 · Grants $5,757,464

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Stanley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Matt Hillman

    CO-VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Southwell

    CO-VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jon Jurich

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Nick Momyer

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Stephanie Axelrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Morgan Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Conover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christiana Dellorusso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeanette Flory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sibyl Frankenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Justo Gonzlez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sharon Hammel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roy Hamrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Kohut

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Florence Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jiayi Liang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ellen Look

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael McGreevy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tyler Preston Mickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brittney Moraski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Raj Rakhra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Solomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Strauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Valente

    DIRECTOR THRU 10/25

    Total calculated
    $0
    Hours/week
    0.2

  • Sam Howe Verhovek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sadie Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Zunker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Inouye

    DIRECTOR THRU 08/25

    Total calculated
    $0
    Hours/week
    0.2

  • Brian Lawrence

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $237,306
    From this org
    $210,207
    From related orgs
    $0
    Other
    $27,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,207
    Bonus
    $14,000
    Other
    $0
    Deferred
    $12,648
    Nontaxable benefits
    $14,451
    Filer's total
    $237,306

  • Kay Odrosky

    CHIEF FINANCIAL OFFICER

    Total calculated
    $220,331
    From this org
    $185,040
    From related orgs
    $0
    Other
    $35,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,440
    Bonus
    $13,600
    Other
    $0
    Deferred
    $11,908
    Nontaxable benefits
    $23,383
    Filer's total
    $220,331

  • Will Livesley-O'Neill

    SR. DIR OF COMMUNICATION & ADVOCACY

    Total calculated
    $164,719
    From this org
    $123,475
    From related orgs
    $0
    Other
    $41,244
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,375
    Bonus
    $4,100
    Other
    $0
    Deferred
    $7,681
    Nontaxable benefits
    $33,563
    Filer's total
    $164,719

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE PAID SUBJECT TO AN AMOUNT DETERMINED AT THE BOARD'S DISCRETION.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD ANNUITY TRUST (1)

    INVESTMENT · WA

Provenance

Return type
form_990
Tax year
2025
Filed
10 September 2026
IRS schema version
2025v4.2
Source object
202642589349301854

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