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← SEATTLE PUBLIC LIBRARY FOUNDATION

Form 990 for tax year 2022

Filed by SEATTLE PUBLIC LIBRARY FOUNDATION.

Totals

Total revenue
$5,311,806
Total expenses
$6,187,152
Contributions and grants received
$4,833,953
Grants paid
$4,195,998
Program service revenue
$0
Investment income
$477,853
Other revenue
$0
Total assets, end of year
$81,631,667
Total liabilities, end of year
$1,629,346
Net assets or fund balances, end of year
$80,002,321
Program services expenses (Part IX)
$4,727,021
Management and general expenses
$936,058
Fundraising expenses
$524,073
Program service expenses (Part III)
$4,727,021

Program services were 76.4% 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

    $4,833,953

  • 1g · Noncash contributions included above

    $285,102

  • 3 · Investment income

    total $1,487,290 · excluded $1,487,290

  • 7a · Gross sales of assets other than inventory

    securities $26,965,420

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

    securities $27,974,857

  • 7c · Gain or loss

    securities -$1,009,437

  • 7d · Net gain or loss

    total -$1,009,437 · excluded -$1,009,437

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,185,998 · program services $4,185,998

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $632,323 · program services $214,990 · management and general $259,252 · fundraising $158,081

  • 7 · Other salaries and wages

    total $525,743 · program services $186,100 · management and general $194,266 · fundraising $145,377

  • 8 · Pension plan contributions

    total $30,234 · program services $9,528 · management and general $14,341 · fundraising $6,365

  • 9 · Other employee benefits

    total $98,299 · program services $27,859 · management and general $56,840 · fundraising $13,600

  • 10 · Payroll taxes

    total $81,011 · program services $26,511 · management and general $36,021 · fundraising $18,479

  • 11c · Fees: accounting

    total $30,060 · management and general $30,060

  • 11d · Fees: lobbying

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

  • 11f · Fees: investment management

    total $143,947 · management and general $143,947

  • 11g · Fees: other

    total $74,531 · program services $23,643 · management and general $36,153 · fundraising $14,735

  • 12 · Advertising and promotion

    total $1,782 · fundraising $1,782

  • 13 · Office expenses

    total $148,274 · program services $6,663 · management and general $17,074 · fundraising $124,537

  • 14 · Information technology

    total $79,808 · program services $27,135 · management and general $32,721 · fundraising $19,952

  • 16 · Occupancy

    total $3,340 · management and general $3,340

  • 19 · Conferences, conventions and meetings

    total $5,477 · program services $3,236 · management and general $2,176 · fundraising $65

  • 22 · Depreciation, depletion and amortization

    total $4,190 · program services $13 · management and general $4,169 · fundraising $8

  • 23 · Insurance

    total $17,805 · management and general $17,805

  • 24a · Other expenses: CULTIVATION & STWRDSHP

    total $30,660 · program services $1,972 · management and general $8,767 · fundraising $19,921

  • 24b · Other expenses: PARKING

    total $3,814 · program services $788 · management and general $2,324 · fundraising $702

  • 24c · Other expenses: MEMBERSHIP AND SPONSORS

    total $2,822 · program services $2,513 · management and general $309

  • 24e · All other expenses

    total $2,034 · program services $72 · management and general $1,493 · fundraising $469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,456,491 · end of year $1,801,356

  • 2 · Savings and temporary cash investments

    beginning of year $253,822 · end of year $308,785

  • 3 · Pledges and grants receivable

    beginning of year $221,616 · end of year $276,113

  • 4 · Accounts receivable

    beginning of year $120,277 · end of year $127,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,389 · end of year $8,961

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

    $36,731

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

    $19,214

  • 10c · Land, buildings and equipment, net

    beginning of year $7,564 · end of year $17,517

  • 11 · Investments: publicly traded securities

    beginning of year $87,616,130 · end of year $75,216,314

  • 12 · Investments: other securities

    beginning of year $4,744,521 · end of year $3,875,106

  • 17 · Accounts payable and accrued expenses

    beginning of year $240,476 · end of year $297,143

  • 18 · Grants payable

    beginning of year $1,675,696 · end of year $1,332,203

  • 27 · Net assets without donor restrictions

    beginning of year $28,966,680 · end of year $25,755,686

  • 28 · Net assets with donor restrictions

    beginning of year $65,548,958 · end of year $54,246,635

Mission and programs · 2022

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 REPRESENTED APPROXIMATELY 7,000 DONORS IN 2022 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 2022, THE FOUNDATION PROVIDED MORE THAN $5.1 MILLION IN GRANTS AND DIRECT PROGRAM SUPPORT, OF WHICH OVER $4.1 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 $1.59 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 $789,000 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 $668,000 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 $556,000 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 $370,000 IN 2022. GRANTS TOTALING OVER $290,000 WERE PROVIDED FOR SPECIALIZED STAFF TRAINING, STRATEGIC SUPPORT, AND SEATTLE CULTURE AND HISTORY.

    Expenses $4,727,021 · Grants $4,195,998

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Justo Gonzalez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Sarah Stanley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Tyler Preston Mickey

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Cat Arnold

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Axelrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gene J Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morgan Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Dudley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Flory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sibyl Frankenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Hammel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Inouye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jon Jurich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Kohut

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Florence Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Look

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruth Massinga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Courtney McKlveen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Momyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brittney Moraski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grace Nordhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andres Paguaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Potts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raj Rakhra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Repass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Haeryung Shin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claudia Skelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Southwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Stafford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Strauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Valente

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Howe Verhovek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Zunker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonna Ward

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $253,598
    From this org
    $215,772
    From related orgs
    $0
    Other
    $37,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,772
    Bonus
    $18,000
    Other
    $0
    Deferred
    $13,228
    Nontaxable benefits
    $24,598
    Filer's total
    $253,598

  • B Kay Odrosky

    CHIEF FINANCIAL OFFICER

    Total calculated
    $201,037
    From this org
    $166,909
    From related orgs
    $0
    Other
    $34,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,909
    Bonus
    $10,000
    Other
    $0
    Deferred
    $10,154
    Nontaxable benefits
    $23,974
    Filer's total
    $201,037

  • Brian Lawrence

    DEPUTY EXECUTIVE OFFICER

    Total calculated
    $177,688
    From this org
    $159,194
    From related orgs
    $0
    Other
    $18,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,194
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,059
    Nontaxable benefits
    $9,435
    Filer's total
    $177,688

  • Kara McDonald

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $137,239
    From this org
    $107,782
    From related orgs
    $0
    Other
    $29,457
    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. 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 · Independent compensation consultant
  • 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

  • SEATTLE PUBLIC LIBRARY

    $4,172,763

    SUPPORT LIBRARY'S PATRON SERVICE PRIORITIES

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
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202342659349301024

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