PIERCE COUNTY LIBRARY FOUNDATION

EIN: 510180293 501(c)(3)

TACOMA, WA

Total Revenue
$1,034,027
Total Expenses
$704,971
Total Assets
$1,973,175
Net Assets
$1,972,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
WA
Principal Officer
DEAN CARRELL
Phone
2535483541
Tax Period
2023-01-01 to 2023-12-31

PIERCE COUNTY LIBRARY FOUNDATION, founded in 1970, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $329K, a strong 32% operating margin.

Mission

TO RAISE, MANAGE, AND ALLOCATE FUNDS TO SUPPORT AND ENHANCE THE PROGRAMS AND SERVICES OF THE PIERCE COUNTY LIBRARY SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $100,000

FUNDS FOR SUMMER READING SUPPORTED BOOK GIVEAWAYS FOR CHILDREN AGED BIRTH THROUGH FIVE, AND AGED SIX THROUGH EIGHTEEN TO PROMOTE AND STRENGTHEN LITERACY LEVELS.

Program 2
Expenses: $101,000

E-BOOKS AND E-AUDIO BOOKS WERE IN INCREASED DEMAND BY OUR COMMUNITY CAUSED BY THE COVID-19 PANDEMIC AND REDUCED PHYSICAL MATERIAL DISTRIBUTION. SENIORS NOW HAVE ACCESS TO MANY TITLES VIA E-BOOKS AND...

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E-BOOKS AND E-AUDIO BOOKS WERE IN INCREASED DEMAND BY OUR COMMUNITY CAUSED BY THE COVID-19 PANDEMIC AND REDUCED PHYSICAL MATERIAL DISTRIBUTION. SENIORS NOW HAVE ACCESS TO MANY TITLES VIA E-BOOKS AND CAN SET THE FONT SIZE AS LARGE AS NECESSARY OR LISTEN TO AN EVER EXPANDING LIST OF E-AUDIO BOOKS. CUSTOMERS OF ALL AGES INCREASED THEIR DIGITAL ACCESSIBILITY.

Program 3
Expenses: $24,000

ON THE ROAD - THE FOUNDATION PURCHASED GIVEAWAY BOOKS FOR CHILDREN WHO EITHER LACK ACCESS TO OUR PHYSICAL LIBRARY LOCATIONS OR RESOURCES TO BUILD THEIR OWN HOME LIBRARIES. RESEARCH HAS PROVEN THAT...

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ON THE ROAD - THE FOUNDATION PURCHASED GIVEAWAY BOOKS FOR CHILDREN WHO EITHER LACK ACCESS TO OUR PHYSICAL LIBRARY LOCATIONS OR RESOURCES TO BUILD THEIR OWN HOME LIBRARIES. RESEARCH HAS PROVEN THAT BOOKS IN THE HOUSEHOLD INSPIRE READING, AND PROMOTE AND STRENGTHEN LITERACY LEVELS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,031,884
Program Service Revenue $0
Investment Income $29,609
Other Revenue $-27,466
TOTAL REVENUE $1,034,027

Expense Breakdown

Grants Paid $408,629
Salaries & Benefits $0
Fundraising Expenses $9,721
Program Expenses $634,980
Other Expenses $296,342
TOTAL EXPENSES $704,971

Year-over-Year Comparison

2023 2022 Change
Revenue $1,034,027 $1,599,554 -0.4%
Expenses $704,971 $813,193 -0.1%
Net Income $329,056 $786,361 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY COLEBANK PRESIDENT 0.50
Officer Director
$0 $0 $0
MARY MOSER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
THALIA SOLIMAN TREASURER 0.50
Officer Director
$0 $0 $0
ESMERALDA SWITZER SECRETARY 0.50
Officer Director
$0 $0 $0
ELIZABETH LUFKIN DIRECTOR 0.50
Director
$0 $0 $0
ELI TAYLOR DIRECTOR 0.50
Director
$0 $0 $0
TEENA WARD HYDE PAST PRESIDENT 0.50
Director
$0 $0 $0
JOSH RICKER DIRECTOR 0.50
Director
$0 $0 $0
JUN ZHU DIRECTOR 0.50
Director
$0 $0 $0
KATHY WHEPLEY DIRECTOR 0.50
Director
$0 $0 $0
TRAVIS MAHUGH DIRECTOR 0.50
Director
$0 $0 $0
WENDI GALL DIRECTOR 0.50
Director
$0 $0 $0
DEAN CARRELL FOUNDATION DIRECTOR 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,034,027 $704,971 $1,973,175 $329,056
2022 $1,599,554 $813,193 $1,604,636 $786,361
2021 $608,237 $356,919 $689,898 $251,318
2020 $563,629 $403,301 $421,206 $160,328
2019 $410,655 $495,323 $245,413 $-84,668
2018 $615,711 $793,365 $316,153 $-177,654
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