SEATTLE PUBLIC LIBRARY FOUNDATION

EIN: 911140642 501(c)(3) Education

SEATTLE, WA

Total Revenue
$35,448,459
Total Expenses
$7,583,580
Total Assets
$104,059,960
Net Assets
$101,995,014
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
WA
Principal Officer
BRIAN LAWRENCE
Phone
2063864130
Tax Period
2024-01-01 to 2024-12-31

SEATTLE PUBLIC LIBRARY FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $35.4M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.9M, a strong 79% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $5,821,604

THE SEATTLE PUBLIC LIBRARY FOUNDATION REPRESENTED MORE THAN 7,500 DONORS IN 2024 WHO DECLARE THROUGH THEIR GENEROUS CONTRIBUTIONS THAT THE LIBRARY IS A TREASURE IN OUR COMMUNITY. DONORS' COLLECTIVE...

Read more

THE SEATTLE PUBLIC LIBRARY FOUNDATION REPRESENTED MORE THAN 7,500 DONORS IN 2024 WHO DECLARE THROUGH THEIR GENEROUS CONTRIBUTIONS THAT THE LIBRARY IS A TREASURE IN OUR COMMUNITY. DONORS' COLLECTIVE INVESTMENTS ENHANCE THE LIBRARY ABOVE AND BEYOND WHAT PUBLIC FUNDING PROVIDES. THE FOUNDATION SUPPORTS EXPANDING THE LIBRARY'S COLLECTIONS, PROVIDING MORE THAN 54 FREE, EQUITY-BASED PROGRAMS AT LIBRARY BRANCHES, AND 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 2024, THE FOUNDATION PROVIDED MORE THAN $6.5 MILLION IN GRANTS AND DIRECT PROGRAM SUPPORT, OF WHICH OVER $5 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 $1.8 MILLION, SUPPORTED THE LIBRARY'S COLLECTIONS AND RESOURCES. THESE FUNDS ALLOWED THE LIBRARY TO PURCHASE BOOKS, E-BOOKS, AUDIOBOOKS, DVDS, AND MUSIC FOR ALL AGES, AS WELL AS BOOKS AND MATERIALS FOR NUMEROUS LIBRARY PROGRAMS. CURRENTLY, ONE IN EVERY THREE NEW ITEMS AVAILABLE THROUGH THE LIBRARY IS PURCHASED WITH FOUNDATION FUNDS. A GRANT OF OVER $1 MILLION SUPPORTED VARIOUS COMMUNITY ENGAGEMENT PROGRAMS, INCLUDING MOBILE SERVICES TO REACH OLDER ADULTS, PRESCHOOL STUDENTS, AND OTHER PATRONS WITH BARRIERS TO VISITING BRANCHES, AND CIVIC ENGAGEMENT AND ART PROGRAMS TO ENGAGE NONTRADITIONAL LIBRARY AUDIENCES.GRANTS OF OVER $735,000 IN THE TECHNOLOGY AND ACCESS ARENA SUPPORTED UPGRADED TECHNOLOGY, IMPROVED ACCESS TO LIBRARY RESOURCES FOR TRADITIONALLY UNDERSERVED COMMUNITIES, AND DIGITAL MEDIA LEARNING PROGRAMS. THE FOUNDATION ALSO SUPPORTED THE LIBRARY'S SPECIAL PROGRAMS FOR YOUTH AND FAMILIES, GIVING OVER $576,000 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 $546,000 IN 2024. GRANTS TOTALING OVER $304,000 WERE PROVIDED FOR SPECIALIZED STAFF TRAINING, STRATEGIC SUPPORT, AND SEATTLE CULTURE AND HISTORY. THE FOUNDATION ADVOCATES FOR MORE SUPPORT FOR PUBLIC LIBRARIES THROUGH THE PUBLIC LIBRARY ACTION NETWORK, A GRASSROOTS SYSTEM FOR SUPPORTERS TO CONTACT ELECTED OFFICIALS IN SUPPORT OF INCREASED FUNDING FOR THE LIBRARY AT THE LOCAL, STATE, AND FEDERAL LEVELS. IN 2022, THE FOUNDATION LAUNCHED THE LIBRARY SUPPORT NETWORK (LSN) AS A MODEL FOR PUBLIC LIBRARY FUNDRAISING AND ADVOCACY ACROSS NORTH AMERICA TO COMMUNICATE, ENGAGE, AND COLLABORATE FOR PEER SUPPORT, INFORMATION SHARING, AND DEEP LEARNING OPPORTUNITIES. THE LSN WAS ENVISIONED TO HELP DEVELOP AND AMPLIFY PUBLIC LIBRARY FUNDRAISING AND ADVOCACY WORK. IT IS BUILT ON THE CONCEPT OF CREATING A NETWORK FOR PEER-TO-PEER SHARING AND INITIATIVES FOR COLLECTIVE IMPACT THAT RESULT IN OUR PUBLIC LIBRARIES BEING BETTER ABLE TO SUPPORT THE EVER-CHANGING NEEDS OF THE COMMUNITIES THEY SERVE. IT ALSO MAKES RESOURCES AVAILABLE TO MANY SMALL AND RURAL LIBRARIES WHICH ARE OFTEN ONLY AVAILABLE TO LARGER ORGANIZATIONS THROUGH FUNDRAISING ASSOCIATION MEMBERSHIPS AND RELATED CONFERENCES. AND IT WILL FACILITATE ELEVATING MORE RACIAL DIVERSITY AND SUPPORT ACTIVE RECRUITMENT FOR SECTOR LEADERSHIP. TOTAL OTHER PROGRAM AND ADVOCACY SUPPORT WAS $852,000 IN 2024. IN THE PAST 20 YEARS, THE FOUNDATION HAS HELPED SECURE $572 MILLION IN PUBLIC FUNDING THROUGH THE CITY BUDGET AND LEVY MEASURES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,766,358
Program Service Revenue $0
Investment Income $27,682,101
Other Revenue $0
TOTAL REVENUE $35,448,459

Expense Breakdown

Grants Paid $5,063,020
Salaries & Benefits $1,427,404
Fundraising Expenses $577,916
Program Expenses $5,821,604
Other Expenses $1,093,156
TOTAL EXPENSES $7,583,580

Year-over-Year Comparison

2024 2023 Change
Revenue $35,448,459 $13,074,439 +1.7%
Expenses $7,583,580 $7,408,420 +0.0%
Net Income $27,864,879 $5,666,019 +3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
25
Independent Members
24
Employees
9
Volunteers
29

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
7
$627,431
Total Directors
25
$17,961
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH STANLEY PRESIDENT, INTERIM CEO THRU 08/24 40.00
Officer Director
$17,961 $0 $17,961
JENNIFER SOUTHWELL VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
NICK MOMYER TREASURER 5.00
Officer Director
$0 $0 $0
JON JURICH SECRETARY 5.00
Officer Director
$0 $0 $0
STEPHANIE AXELROD DIRECTOR 2.00
Director
$0 $0 $0
GENE J CHANG DIRECTOR 2.00
Director
$0 $0 $0
MORGAN COLLINS DIRECTOR 2.00
Director
$0 $0 $0
KAREN CONOVER DIRECTOR 2.00
Director
$0 $0 $0
JEANETTE FLORY DIRECTOR 2.00
Director
$0 $0 $0
SIBYL FRANKENBURG DIRECTOR 2.00
Director
$0 $0 $0
JUSTO GONZLEZ DIRECTOR 2.00
Director
$0 $0 $0
SHARON HAMMEL DIRECTOR 2.00
Director
$0 $0 $0
ROY HAMRICK DIRECTOR 2.00
Director
$0 $0 $0
MATT HILLMAN DIRECTOR 2.00
Director
$0 $0 $0
MARGARET INOUYE DIRECTOR 2.00
Director
$0 $0 $0
SARAH KOHUT DIRECTOR 2.00
Director
$0 $0 $0
FLORENCE LARSON DIRECTOR 2.00
Director
$0 $0 $0
ELLEN LOOK DIRECTOR 2.00
Director
$0 $0 $0
TYLER PRESTON MICKEY DIRECTOR 2.00
Director
$0 $0 $0
BRITTNEY MORASKI DIRECTOR 2.00
Director
$0 $0 $0
RAJ RAKHRA DIRECTOR 2.00
Director
$0 $0 $0
DAVID STRAUSS DIRECTOR 2.00
Director
$0 $0 $0
MARIA VALENTE DIRECTOR 2.00
Director
$0 $0 $0
SAM HOWE VERHOVEK DIRECTOR 2.00
Director
$0 $0 $0
JULIE ZUNKER DIRECTOR 2.00
Director
$0 $0 $0
JONNA WARD CHIEF EXECUTIVE OFFICER THRU 06/24 40.00
Officer
$159,015 $38,561 $197,576
B KAY ODROSKY CHIEF FINANCIAL OFFICER 40.00
Officer
$185,040 $25,279 $210,319
BRIAN LAWRENCE CHIEF EXECUTIVE OFFICER FROM 08/24 40.00
Officer
$180,969 $20,606 $201,575
KARA MCDONALD SENIOR DIR OF PHILANTHROPY 40.00
Highest
$120,582 $24,423 $145,005
WILL LIVESLEY-O'NEIL SR DIR OF COMMUNICATION & ADVOCACY 40.00
Highest
$123,117 $30,064 $153,181
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 $35,448,459 $7,583,580 $104,059,960 $27,864,879
2023 $13,074,439 $7,408,420 $93,759,002 $5,666,019
2022 $5,311,806 $6,187,152 $81,631,667 $-875,346
2021 $10,213,683 $5,953,803 $96,431,810 $4,259,880
2020 $10,173,987 $6,195,737 $88,346,840 $3,978,250
2019 $7,584,142 $5,502,779 $77,825,333 $2,081,363
2018 $8,327,127 $6,337,337 $67,366,911 $1,989,790
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SEATTLE PUBLIC LIBRARY FOUNDATION with other nonprofits in Washington and across the country.