KING COUNTY LIBRARY SYSTEM FOUNDATION

EIN: 911505230 501(c)(3) Education

ISSAQUAH, WA

Total Revenue
$2,877,541
Total Expenses
$2,027,680
Total Assets
$11,358,530
Net Assets
$11,243,228
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
WA
Principal Officer
LISA YAMASAKI
Phone
4253693450
Tax Period
2023-01-01 to 2023-12-31

KING COUNTY LIBRARY SYSTEM FOUNDATION, founded in 1990, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $850K, a strong 30% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $335,000

KCLS INNOVATION PROGRAMS INCLUDE HOTSPOT LENDING SERVICES, EMERGING TECHNOLOGY, LEAN LIBRARY PROJECT, PATRON ENGAGEMENT DATA, MEASUREMENT AND EXPERIMENTATION ENABLEMENT, AND DATA ENGINEERING...

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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.

Program 2
Expenses: $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...

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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.

Program 3
Expenses: $171,000

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...

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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.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,425,003
Program Service Revenue $0
Investment Income $312,609
Other Revenue $139,929
TOTAL REVENUE $2,877,541

Expense Breakdown

Grants Paid $1,376,855
Salaries & Benefits $0
Fundraising Expenses $204,980
Program Expenses $1,376,855
Other Expenses $548,029
TOTAL EXPENSES $2,027,680

Year-over-Year Comparison

2023 2022 Change
Revenue $2,877,541 $2,604,351 +0.1%
Expenses $2,027,680 $1,800,909 +0.1%
Net Income $849,861 $803,442 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
75

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
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM WIGFALL PRESIDENT 1.00
Officer Director
$0 $0 $0
DESIREE GOOD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFF GUDDAT TREASURER 1.00
Officer Director
$0 $0 $0
SANDRA COLLIER SECRETARY 1.00
Officer Director
$0 $0 $0
SHOBANA BALAKRISHNAN BOARD MEMBER 1.00
Director
$0 $0 $0
DOREEN BINGO BOARD MEMBER 1.00
Director
$0 $0 $0
CATHLEEN BRUESKE BOARD MEMBER 1.00
Director
$0 $0 $0
RAYMOND CHAN BOARD MEMBER 1.00
Director
$0 $0 $0
PENNIE CLARK IANNICIELLO BOARD MEMBER 1.00
Director
$0 $0 $0
AMY COREY BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA DILLAWAY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE FRANTZ BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA FRIEL BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER HAAKENSON BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORY HENDERSHOTT BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA HUIZI BOARD MEMBER 1.00
Director
$0 $0 $0
DUCKSOON HWANG BOARD MEMBER 1.00
Director
$0 $0 $0
JESSE JANDA BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBIE KUEHNER BOARD MEMBER 1.00
Director
$0 $0 $0
ERIKA LINDSAY BOARD MEMBER 1.00
Director
$0 $0 $0
ANENA METOYER BOARD MEMBER 1.00
Director
$0 $0 $0
HARRIETT MORTON BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE REPASS BOARD MEMBER 1.00
Director
$0 $0 $0
PIPER SANGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE SWANE BOARD MEMBER 1.00
Director
$0 $0 $0
RICK TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
LISA YAMASAKI EXECUTIVE 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 $2,877,541 $2,027,680 $11,358,530 $849,861
2022 $2,604,351 $1,800,909 $9,794,730 $803,442
2021 $2,076,061 $1,225,336 $10,486,562 $850,725
2020 $1,758,374 $913,554 $8,882,186 $844,820
2019 $1,711,918 $2,053,784 $7,094,386 $-341,866
2018 $8,026,591 $4,354,267 $6,913,249 $3,672,324
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