FRIENDS OF THE SEATTLE PUBLIC LIBRARY

EIN: 916037706 501(c)(3) Education

Seattle, WA

Total Revenue
$281,670
Total Expenses
$257,760
Total Assets
$295,321
Net Assets
$282,846
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
WA
Principal Officer
Angel Sauls
Phone
2067339015
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE SEATTLE PUBLIC LIBRARY, founded in 1942, is a small nonprofit in the Education sector that reported $282K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $258K left a modest 8% surplus.

Mission

The Friends of the Seattle Public Library's mission is to elevate the Library and inspire the love of reading in our communities.

Program Service Accomplishments

Program 1
Expenses: $47,132 Revenue: $0

Distribution of free book bags to children receiving their first library cards, providing service items (headphones and USB drives) for distribution to Library patrons, and other Library projects and...

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Distribution of free book bags to children receiving their first library cards, providing service items (headphones and USB drives) for distribution to Library patrons, and other Library projects and programs.

Program 2
Expenses: $173,111 Revenue: $154,267

The Friends of the Seattle Public Library operates the FriendShop, a gift store located in the Central Branch of The Seattle Public Library. The FriendShop acts as an ambassador for The Seattle...

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The Friends of the Seattle Public Library operates the FriendShop, a gift store located in the Central Branch of The Seattle Public Library. The FriendShop acts as an ambassador for The Seattle Public Library, selling used books and gift items that celebrate reading and support the Library's mission of bringing people, information, and ideas together to enrich lives and build community. The FriendShop sells custom-designed items related to The Seattle Public Library, such as t-shirts and book bags. The FriendShop also sells memberships to The Friends of the Seattle Public Library and disseminates information about the Friends. An additional used book store, located in a community known to be a book desert, operates to further The Friends' mission by making books more accessible to this community.

Program 3
Expenses: $14,541 Revenue: $4,800

The Friends of the Seattle Public Library advocate on behalf of The Seattle Public Library. The Friends educate and inform its members, library patrons and the greater Seattle community about the...

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The Friends of the Seattle Public Library advocate on behalf of The Seattle Public Library. The Friends educate and inform its members, library patrons and the greater Seattle community about the Library, its services and the issues that it faces. The Friends support the Library's efforts to create lifelong readers through its Books For Teachers program. Through its surplus book program, the Friends gave books to community organizations in Seattle, including food banks, health clinics, homeless shelters, children's programs, education organizations, and many others.

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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 (2024)

Revenue Breakdown

Contributions & Grants $90,980
Program Service Revenue $0
Investment Income $5,296
Other Revenue $185,394
TOTAL REVENUE $281,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $156,404
Fundraising Expenses $0
Program Expenses $234,784
Other Expenses $101,356
TOTAL EXPENSES $257,760

Year-over-Year Comparison

2024 2023 Change
Revenue $281,670 $211,863 +0.3%
Expenses $257,760 $226,744 +0.1%
Net Income $23,910 $-14,881 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
4
Volunteers
60

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
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nandini Rao Trustee(Nov-Dec) 5
Director
$0 $0 $0
Mason Pashia Trustee(Nov-Dec) 5
Director
$0 $0 $0
Krithiga Annamalai Trustee(Nov-Dec) 5
Director
$0 $0 $0
Amy VanderZanden Trustee 5
Director
$0 $0 $0
Ben Thompson Trustee 5
Director
$0 $0 $0
Zuzu Tang Trustee 5
Director
$0 $0 $0
Julio Rodriguez Vazquez Trustee 5
Director
$0 $0 $0
Jada Pock Trustee 5
Director
$0 $0 $0
Wendy Overton Trustee 5
Director
$0 $0 $0
Devon O'Neill Trustee 5
Director
$0 $0 $0
Rachael Moss Trustee 5
Director
$0 $0 $0
Kim Nguyen Love Trustee 5
Director
$0 $0 $0
Bur Davis Trustee(Jan-Oct) 5
Director
$0 $0 $0
Alex Cates Trustee 5
Director
$0 $0 $0
Calicia Carson Secretary(Nov-Dec) 10
Officer Director
$0 $0 $0
Lauren Abraham Treasurer 10
Officer Director
$0 $0 $0
Mary Kilgariff Weese Co-Secretary(Jan-Oct)/Trustee(Nov-Dec) 10
Officer Director
$0 $0 $0
Monish Shah Co-Secretary(Jan-Oct)/Trustee(Nov-Dec) 10
Officer Director
$0 $0 $0
Sarina Tewari Vice President(Jan-Oct)/Trustee(Nov-Dec) 10
Officer Director
$0 $0 $0
Jennifer Lo Trustee(Jan-Oct)/Vice President(Nov-Dec) 10
Officer Director
$0 $0 $0
Angel Sauls President 10
Officer Director
$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 $281,670 $257,760 $295,321 $23,910
2023 $211,863 $226,744 $271,802 $-14,881
2022 $195,943 $200,280 $286,168 $-4,337
2021 $162,337 $132,325 $286,446 $30,012
2020 $276,616 $290,895 $258,163 $-14,279
2019 $484,761 $494,384 $281,595 $-9,623
2018 $499,918 $518,601 $302,583 $-18,683
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