Seattle Public Library Foundation FY2020 filing

Tax-deductible

Seattle, WA501(c)(3)Since 1980EducationEIN 91-1140642Revenue $10.2M in FY2020

On file with the IRSsupportspl.org1000 4th Ave, 98104-1109 · Seattle, WATax-exempt since Jun 1981Publicly supported charity — 170(b)(1)(A)(vi)

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Inspire the community's philanthropic support, advocacy for, and pride in the Library.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$502K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $8.2M a year · 55% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$502K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
Spent
$6.2M
To programs
79%
Net assets
$85.8M
By yearFY2020–FY2024
Revenue
$10.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.2M
FY2021$10.2M
FY2022$5.3M
FY2023$13.1M
FY2024$35.4M
Expenses
$6.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.2M
FY2021$6.0M
FY2022$6.2M
FY2023$7.4M
FY2024$7.6M
Net assets
$85.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$85.8M
FY2021$94.5M
FY2022$80.0M
FY2023$91.5M
FY2024$102.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $4.9M Management & general 13% · $792K Fundraising 9% · $535K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990; $502K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$189,345Pt VII · Sec A
Chief Financial Officer
$160,050Pt VII · Sec A
Deputy Executive Director
$152,937Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

B Kay Odrosky’s $185K as Chief Financial Officer is at the 30th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jonna Ward$159,015$230,466$215,772$197,427$189,345
B Kay Odrosky$185,040$175,760$166,909$162,840—
Brian Lawrence$180,969$166,219$159,194$153,554$152,937
Kay Odrosky————$160,050
Will Livesley-O'neil$123,117$119,504———
Kara McDonald$120,582$113,214$107,782——
Sarah Stanley$17,961————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Encourages community support, advocacy, and pride for the library.

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Provided by the organization

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1 program · $4.9M · in their own filed words · FY2020
01

The seattle public library foundation represented more than 7,800 donors in 2020 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…

$4.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 11 grants · $23.2M · 2020–2024
Seattle Public LibraryFY2024$5,011,892
Unitemized GrantFY2024$7,500
Seattle Public LibraryFY2023$5,173,310
Yes Seattle LibrariesWA · FY2023$100,000
EverylibraryIL · FY2023$11,000
Unitemized GrantFY2023$10,000
Seattle Public LibraryFY2022$4,172,763
Unitemized GrantFY2022$10,000
Seattle Public LibraryFY2021$4,255,617
Seattle Public LibraryFY2020$4,406,373

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Gifts and grantsLn 1h$5.4M
Investment incomeLn 3$4.8M
Money outPt IX
$6.2M
Ln 25
Programscol B$4.9M
Managementcol C$792K
Fundraisingcol D$535K
Owns and owesPt X
$85.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$88.3M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
42
listed · VII A
PaidVII A3
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Noncash giftsLn 1g$211K
Investment incomeLn 3$4.8M
Gains on assetsLn 7$2.8M
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
CashLn 1$3.3M
SavingsLn 2$321K
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$84.7M
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$88.3M
LiabilitiesLn 26$2.6M
Net assetsLn 32$85.8M
OperationsPt I, VI
EmployeesI 59
VolunteersI 639
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.9M$3.6M
InvestmentsLn 11–13$74.9M$84.7M
Land, buildings, equipmentLn 10c$14K$10K
Total assetsLn 16$77.8M$88.3M
LiabilitiesLn 26$1.3M$2.6M
Net assetsLn 32$76.6M$85.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.4M$4.4M
Pay of current officers, directors and key staffLn 5$595K$195K$256K$143K
Other salaries and wagesLn 7$441K$144K$190K$107K
Pension plan contributionsLn 8$24K$8K$10K$6K
Other employee benefitsLn 9$85K$29K$36K$19K
Payroll taxesLn 10$70K$23K$30K$18K
Legal feesLn 11b$4K$1K$3K
Accounting feesLn 11c$27K$27K
Lobbying feesLn 11d$1K$1K
Investment management feesLn 11f$126K$126K
Other fees for servicesLn 11g$115K$32K$36K$47K
Office expensesLn 13$167K$7K$18K$143K
Information technologyLn 14$88K$23K$29K$35K
TravelLn 17$4K$335$2K$929
Conferences, conventions and meetingsLn 19$2K$200$2K$69
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$18K$339$7K$11K
All other expensesLn 24e$7K$649$1K$5K
Total functional expensesLn 25$6.2M$4.9M$792K$535K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $35.4M$7.6M$27.9M$102.0M 990 PDF
FY2023 $13.1M$7.4M$5.7M$91.5M 990 PDF
FY2022 $5.3M$6.2M−$875K$80.0M 990 PDF
FY2021 $10.2M$6.0M$4.3M$94.5M 990 PDF
FY2020 Viewing $10.2M$6.2M$4.0M$85.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $10,173,987 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,449,758$5,367,293
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,183,079$4,806,694
I-11 Other revenuePrior year −$48,695$0
I-12 Total revenuePrior year $7,584,142$10,173,987
I-13 Grants and similar amounts paidPrior year $3,741,436$4,406,373
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,114,209$1,214,003
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $647,134$575,361
I-18 Total expensesPrior year $5,502,779$6,195,737
I-19 Revenue less expensesPrior year $2,081,363$3,978,250
Part VI · Governance 39 of 39 board members independent, no flags
VI-1a Voting members of the governing body39
VI-1b Independent voting members39
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,173,987 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,367,293
VIII-1g Noncash contributions (included above)$210,765
VIII-1h Total contributions, gifts and grants$5,367,293
VIII-3 Investment incomeExcluded from tax $1,966,334$1,966,334
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,840,360$2,840,360
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,806,694$10,173,987
Part IX · Statement of functional expenses $6,195,737 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $4,406,373$4,406,373
IX-5 Pay of current officers, directors and key staffPrograms $195,270 · Management $255,922 · Fundraising $143,372$594,564
IX-7 Other salaries and wagesPrograms $143,666 · Management $190,348 · Fundraising $106,749$440,763
IX-8 Pension plan contributionsPrograms $7,622 · Management $10,004 · Fundraising $5,878$23,504
IX-9 Other employee benefitsPrograms $29,340 · Management $36,226 · Fundraising $19,228$84,794
IX-10 Payroll taxesPrograms $22,812 · Management $30,052 · Fundraising $17,514$70,378
IX-11b Legal feesPrograms $1,015 · Management $3,100$4,115
IX-11c Accounting feesManagement $26,572$26,572
IX-11d Lobbying feesManagement $1,000$1,000
IX-11f Investment management feesManagement $126,255$126,255
IX-11g Other fees for servicesPrograms $31,540 · Management $36,358 · Fundraising $46,803$114,701
IX-13 Office expensesPrograms $6,680 · Management $17,547 · Fundraising $143,157$167,384
IX-14 Information technologyPrograms $23,359 · Management $29,026 · Fundraising $35,336$87,721
IX-17 TravelPrograms $335 · Management $2,449 · Fundraising $929$3,713
IX-19 Conferences, conventions and meetingsPrograms $200 · Management $1,863 · Fundraising $69$2,132
IX-22 Depreciation, depletion and amortizationManagement $3,980$3,980
IX-23 InsuranceManagement $12,609$12,609
IX-24 Other expenses (24a–d)Programs $339 · Management $7,373 · Fundraising $10,622$18,334
IX-24e All other expensesPrograms $649 · Management $1,099 · Fundraising $5,097$6,845
IX-25 Total functional expensesPrograms $4,869,200 · Management $791,783 · Fundraising $534,754$6,195,737
Part X · Balance sheet $88,346,840 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,201,887$3,255,430
X-2 Savings and temporary cash investmentsStart of year $655,091$320,589
X-3 Pledges and grants receivableStart of year $9,668$85,915
X-9 Prepaid expenses and deferred chargesStart of year $52,943$17,840
X-10c Land, buildings and equipment, netStart of year $14,190$10,210
X-11 Publicly traded securitiesStart of year $70,770,745$80,297,684
X-12 Other securitiesStart of year $4,120,809$4,359,172
X-16 Total assetsStart of year $77,825,333$88,346,840
X-17 Accounts payable and accrued expensesStart of year $481,794$207,945
X-18 Grants payableStart of year $772,552$2,343,931
X-26 Total liabilitiesStart of year $1,254,346$2,551,876
X-27 Net assets without donor restrictionsStart of year $22,291,725$26,129,361
X-28 Net assets with donor restrictionsStart of year $54,279,262$59,665,603
X-32 Total net assets or fund balancesStart of year $76,570,987$85,794,964
X-33 Total liabilities and net assetsStart of year $77,825,333$88,346,840
Part XI · Reconciliation of net assets $85,794,964 net assets at year end
XI-1 Total revenue$10,173,987
XI-2 Total expenses$6,195,737
XI-3 Revenue less expenses$3,978,250
XI-4 Net assets at start of year$76,570,987
XI-5 Net unrealized gains (losses) on investments$5,248,227
XI-6 Donated services and use of facilities−$2,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$85,794,964

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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