2020-10-07T16:43:39-05:00 2019-12-31 911194016 CLARK NUBER PS 10900 NE 4TH ST SUITE 1400 BELLEVUE WA 98004 990 2019-01-01 911140642 SEATTLE PUBLIC LIBRARY FOUNDATION SEAT 2063864130 1000 4TH AVENUE SEATTLE WA 98104 TYLER PRESTON MICKEY TREASURER 2063864130 2020-09-11 1 SARAH B HUANG P00745974 4254544919 2020-09-10 65.158.230.194 2020-09-11 12:44:06 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F854BF809C194E76DACB80B9C1D7D4F8CD5FCEA2 2019 2021-01-29 14:40:06Z JONNA WARD 1000 4TH AVENUE SEATTLE WA 98104 16304940 0 X WWW.SUPPORTSPL.ORG X 1980 WA TO HELP THE LIBRARY BUILD ITS COLLECTIONS, OFFER PATRON PROGRAMS, AND BETTER SERVE OUR COMMUNITY. 36 36 11 36 0 0 3635446 4449758 0 0 4691681 3183079 0 -48695 8327127 7584142 4627910 3741436 0 0 1106684 1114209 0 0 487558 602743 647134 6337337 5502779 1989790 2081363 67366911 77825333 1356660 1254346 66010251 76570987 X THE SEATTLE PUBLIC LIBRARY FOUNDATION HELPS THE LIBRARY BUILD ITS COLLECTION AND RESOURCES, OFFER PROGRAMS FOR PATRONS OF ALL AGES, AND BETTER SERVE THE NEEDS OF OUR COMMUNITY. WE DO THIS BY SECURING AND MANAGING DONATIONS FROM INDIVIDUALS, BUSINESSES AND FOUNDATIONS TO SUPPORT THE LIBRARY ABOVE AND BEYOND WHAT PUBLIC FUNDING PROVIDES. 0 0 4160155 3741436 THE SEATTLE PUBLIC LIBRARY FOUNDATION REPRESENTED MORE THAN 9,700 DONORS IN 2019 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 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 2019, THE FOUNDATION PROVIDED MORE THAN $4.1 MILLION IN GRANTS AND DIRECT PROGRAM SUPPORT, OF WHICH OVER $3.7 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 $1.9 MILLION, SUPPORTED THE LIBRARY'S COLLECTIONS AND RESOURCES. THESE FUNDS ALLOWED THE LIBRARY TO PURCHASE BOOKS, EBOOKS, AUDIOBOOKS, DVDS, AND MUSIC FOR ALL AGES, AS WELL AS BOOKS AND MATERIALS FOR NUMEROUS LIBRARY PROGRAMS. CURRENTLY ONE IN EVERY FOUR ITEMS IN THE COLLECTION IS PURCHASED WITH FOUNDATION FUNDS. THE FOUNDATION ALSO SUPPORTED THE LIBRARY'S SPECIAL PROGRAMS FOR YOUTH AND FAMILIES, GIVING OVER $560,000 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. A GRANT OF OVER $870,000 SUPPORTED VARIOUS COMMUNITY ENGAGEMENT PROGRAMS, INCLUDING MOBILE SERVICES TO REACH PATRONS WITH BARRIERS TO VISITING BRANCHES, SUCH AS SENIORS, AND CIVIC ENGAGEMENT AND ART PROGRAMS TO ENGAGE NONTRADITIONAL LIBRARY AUDIENCES. GRANTS OF OVER $216,000 IN THE TECHNOLOGY AND ACCESS ARENA SUPPORTED UPGRADED TECHNOLOGY AND IMPROVED ACCESS TO LIBRARY RESOURCES FOR OPPORTUNITY COMMUNITIES. THE FOUNDATION ALSO SUPPORTED THE LIBRARY'S EFFORTS TO REIMAGINE ITS SPACES TO BETTER SERVE GROWING POPULATIONS WITH GRANTS TOTALING OVER $199,000 IN 2019. GRANTS TOTALING OVER $500,000 WERE PROVIDED FOR SPECIALIZED STAFF TRAINING, STRATEGIC SUPPORT, AND SEATTLE CULTURE AND HISTORY. 4160155 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 11 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KAY ODROSKY 2064136373 1000 4TH AVENUE SEATTLE WA 98104 PATRICIA WALKER PRESIDENT 2.00 X X 0 0 0 ELLEN LOOK VICE-PRESIDENT 2.00 X X 0 0 0 TYLER PRESTON MICKEY TREASURER 2.00 X X 0 0 0 CATHERINE IRBY ARNOLD SECRETARY 2.00 X X 0 0 0 GRACE NORDHOFF IMMEDIATE PAST PRESIDENT 2.00 X 0 0 0 ROSS BAKER DIRECTOR 1.00 X 0 0 0 MORGAN COLLINS DIRECTOR 1.00 X 0 0 0 PATRICIA L DAWSON MD DIRECTOR 1.00 X 0 0 0 SUE DONALDSON DIRECTOR 1.00 X 0 0 0 LAUREN DUDLEY DIRECTOR 1.00 X 0 0 0 DAVIS B FOX DIRECTOR 1.00 X 0 0 0 SIBYL FRANKENBURG DIRECTOR 1.00 X 0 0 0 JUSTO GONZALEZ DIRECTOR 1.00 X 0 0 0 SHARON HAMMEL DIRECTOR 1.00 X 0 0 0 JUDY KELLEY DIRECTOR 1.00 X 0 0 0 LORI KILBERG DIRECTOR 1.00 X 0 0 0 SARAH KOHUT DIRECTOR 1.00 X 0 0 0 KITTI LILE DIRECTOR 1.00 X 0 0 0 MARY MARA DIRECTOR 1.00 X 0 0 0 RUTH MASSINGA DIRECTOR 1.00 X 0 0 0 NICK MOMYER DIRECTOR 1.00 X 0 0 0 TUAN NGO DIRECTOR 1.00 X 0 0 0 SUSAN POTTS DIRECTOR 1.00 X 0 0 0 ANNE REPASS DIRECTOR 1.00 X 0 0 0 DEBORAH ROSEN DIRECTOR 1.00 X 0 0 0 LORI SCOTT DIRECTOR 1.00 X 0 0 0 CLAUDIA SKELTON DIRECTOR 1.00 X 0 0 0 JENNIFER SOUTHWELL DIRECTOR 1.00 X 0 0 0 BILL STAFFORD DIRECTOR 1.00 X 0 0 0 SARAH STANLEY DIRECTOR 1.00 X 0 0 0 DAVID STRAUSS DIRECTOR 1.00 X 0 0 0 HEWAN TESHOME DIRECTOR 1.00 X 0 0 0 JULIE ZUNKER DIRECTOR 1.00 X 0 0 0 THEODORE TED COLLINS DIRECTOR 1.00 X 0 0 0 INA TATEUCHI DIRECTOR 1.00 X 0 0 0 IRENE YAMAMOTO DIRECTOR 1.00 X 0 0 0 JONNA WARD CHIEF EXECUTIVE DIRECTOR 40.00 X 170388 0 44180 BRIAN LAWRENCE DEPUTY EXECUTIVE DIRECTOR 40.00 X 134547 0 19818 KAY ODROSKY CHIEF FINANCIAL OFFICER 40.00 X 62678 0 15166 JEFF GUDDAT CHIEF FINANCIAL OFFICER THRU 07/19 40.00 X 112265 0 19890 JENNIFER SHIN DIRECTOR OF DEVELOPMENT THRU 03/19 40.00 X 42532 0 3966 522410 0 103020 3 0 1 0 MORGAN STANLEY WEALTH MANAGEMENT 225 108TH AVE NE SUITE 800 BELLEVUE WA 98004 INVESTMENT MANAGEMENT 102146 1 362770 4086988 186705 4449758 1864182 1864182 9953280 8634383 1318897 1318897 1318897 37720 362770 86415 -48695 -48695 7584142 0 0 3134384 3741436 3741436 625430 213549 268347 143534 324304 110731 139146 74427 20304 6933 8711 4660 72528 24764 31119 16645 71643 24462 30739 16442 26058 26058 76500 76500 102146 102146 140852 2983 53845 84024 140578 9945 25852 104781 71774 24781 30617 16376 6541 6541 15239 11676 3563 3438 2033 1405 4060 4060 12532 12532 CULTIVATION & STWRDSHP 37598 16059 21539 BAD DEBT EXPENSE 571 571 9247 9085 162 5502779 4160155 855066 487558 2656813 2201887 2068487 655091 10280 9668 34379 52943 21095 6905 18250 14190 58841323 70770745 3737379 4120809 67366911 77825333 268008 481794 1088652 772552 1356660 1254346 X 18438776 22291725 47571475 54279262 66010251 76570987 67366911 77825333 2081363 8488373 -9000 0 X 0 1 X 1 0 X 3825597 11423224 2840060 3635446 4449758 26174085 3825597 11423224 2840060 3635446 4449758 26174085 8042896 18131189 1666646 1486218 1409019 1598916 1864182 8024981 34199066 0.53020 0.52130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 76500 76500 5512694 5589194 429460 107365 0 0 779764 437539 466867 429460 2113630 3170445 75373 75000 76500 226873 194941 109385 116717 107365 528408 792612 75373 75373 52050829 191082 9837093 2176975 59902029 56811363 502788 -3279155 1984167 52050829 50610310 152041 7996227 1947215 56811363 47296594 1936136 3257146 1879566 50610310 49460821 250868 -613758 1801337 47296594 0.14120 0.51600 0.34280 1 0 21095 6905 14190 14190 BENEFICIAL INTEREST IN ASSETS HELD BY SEATTLE FOUNDATION 3530800 F SPLIT INTEREST AGREEMENT 590009 F 4120809 16470835 8488373 414622 -102717 8800278 7670557 -86415 -86415 7584142 5910099 423622 86415 510037 5400062 102146 571 102717 5502779 PART V, LINE 4: SUBSTANTIALLY ALL OF THE FOUNDATION'S ENDOWMENTS ARE RESTRICTED BY DONORS FOR SPECIFIC PURPOSES. SIGNIFICANT ENDOWMENTS EXIST TO SUPPORT THE LIBRARY'S GENERAL AND CHILDREN'S COLLECTIONS, AND TO PROVIDE A VARIETY OF FREE PUBLIC PROGRAMS. ALL ENDOWMENT FUNDS HAVE BEEN AND CONTINUE TO BE USED CONSISTENT WITH THE STATED DONOR RESTRICTIONS WHERE APPLICABLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON THE FINANCIAL STATEMENTS -102,146. BAD DEBT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS -571. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS -86,415. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 86,415. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 571. DISCOVER YOUR LIBRARY LUNCHEON 400490 362770 37720 71180 11357 3878 400490 362770 37720 71180 11357 3878 86415 -48695 1 SEATTLE PUBLIC LIBRARY 1000 FOURTH AVE SEATTLE WA 98104 916001275 PUBLIC LIBRARY 3741436 SUPPORT LIBRARY'S PATRON SERVICE PRIORITIES 1 0 PART I, LINE 2: THE FOUNDATION REVIEWS SUPPORTING DOCUMENTATION FOR GRANTS TO THE SEATTLE PUBLIC LIBRARY TO ENSURE THEY CONFORM TO THE MISSION OF THE FOUNDATION AND ARE IN ACCORDANCE WITH DONOR RESTRICTIONS. DEPENDING ON GRANT SIZE AND TYPE, THE FOUNDATION RECEIVES REPORTS AND BOARD PRESENTATIONS FROM THE LIBRARY ON USAGE AND EFFECTIVENESS OF GRANTS. X X X X X 0 0 0 0 0 0 0 0 0 JONNA WARD CHIEF EXECUTIVE DIRECTOR 162888 0 7500 0 0 0 10308 0 33872 0 214568 0 0 0 BRIAN LAWRENCE DEPUTY EXECUTIVE DIRECTOR 129547 0 5000 0 0 0 7907 0 11911 0 154365 0 0 0 X 21 186161 FAIR MARKET VALUE X SUPPLIES 2 544 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS LISTED IS THE NUMBER OF SEPARATE GIFTS MADE DURING THE YEAR. FORM 990, PART 1, LINE 6: THE NUMBER OF VOLUNTEERS IS BASED ON BOARD OF DIRECTORS MEMBERSHIP, NONE OF WHOM RECEIVE ANY COMPENSATION FOR THEIR EFFORTS. OUR DEDICATED BOARD MEMBERS PARTICIPATE IN EXTENSIVE COMMITTEE WORK OF THE BOARD, ATTEND AND WORK AT VARIOUS FOUNDATION-SPONSORED AND LIBRARY-SPONSORED FUNCTIONS, AND PROVIDE SPECIAL EXPERTISE FOR VARIOUS FOUNDATION PROJECTS IN SUCH AREAS AS FINANCE, INVESTMENTS, LEGAL MATTERS, ETC. ADDITIONALLY, THE FOUNDATION IS ABLE TO TAP A READY POOL OF VOLUNTEERS WHO SUPPORT THE LIBRARY ITSELF WHEN PROJECTS AND OPPORTUNITIES COME UP THAT CALL FOR MORE VOLUNTEER SUPPORT FOR FOUNDATION WORK. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DETAILED SUPPORTING FINANCIAL INFORMATION IS PROVIDED BY THE CHIEF FINANCIAL OFFICER TO A THIRD PARTY ACCOUNTING FIRM, WHERE THE FORM 990 IS INITIALLY DRAFTED BY SAID ACCOUNTING FIRM, WHO WORKS JOINTLY WITH THEIR AUDIT TEAM TO COMPLETE A FULL TAX AND AUDIT ENGAGEMENT. THE DRAFT FORM 990 AND SOURCE DOCUMENTATION IS THEN REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. AFTER ANY NECESSARY REVISIONS HAVE BEEN MADE, THE DRAFT FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS, CHAIRED BY THE FOUNDATION'S BOARD TREASURER. THE COMMITTEE ENSURES THE FINANCIAL INFORMATION IN THE FORM 990 AGREES WITH THE AUDITED FINANCIAL STATEMENTS DURING THE REVIEW OF THE DRAFT. ANY QUESTIONS OR CONCERNS ARE DISCUSSED WITH THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. ONCE THE FINANCE COMMITTEE APPROVES THE DRAFT, A COPY IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD OF DIRECTORS, WHO HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS, OR TO A COMMITTEE OF THE BOARD WITH DELEGATED POWERS OVER THE TRANSACTION OR ARRANGEMENT. ANNUALLY, ALL BOARD MEMBERS REVIEW, SIGN, AND DATE BOTH THE FOUNDATION'S CONFLICT OF INTEREST POLICY AS WELL AS THE IRS FORM 990 QUESTIONNAIRE. THESE FORMS ARE REVIEWED FOR ANY CONFLICTS/INTERESTED PERSON CONCERNS BY THE FOUNDATION'S GOVERNANCE COMMITTEE. AFTER GATHERING RELEVANT INFORMATION ON WHICH TO BASE THEIR DECISION, THE BOARD OR COMMITTEE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. DELIBERATION BY THE BOARD OR COMMITTEE TAKES PLACE WITHOUT THE BOARD MEMBER IN QUESTION. THE BOARD OR COMMITTEE TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WHENEVER IT DETERMINES A CONFLICT OF INTEREST EXISTS. THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR MAINTAINING THE CONFLICT OF INTEREST POLICY AND IRS FORM 990 QUESTIONNAIRE, REVIEWING THE DISCLOSURE FORMS, AND TAKING APPROPRIATE ACTION ON POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER, DIRECTOR OF DEVELOPMENT, SENIOR DIRECTOR, INTIATIVES AND ADVANCEMENT, AND THE CHIEF FINANCIAL OFFICER IS ESTABLISHED AND/OR OVERSEEN BY THE COMPENSATION SUB-COMMITTEE OF THE BOARD OF DIRECTORS. IN MAKING ITS RECOMMENDATION, THE COMPENSATION COMMITTEE CONSIDERS INFORMATION DRAWN FROM A MARKET SURVEY OF COMPARABLE EMPLOYERS AND POSITIONS WITH SIMILAR LEVELS OF RESPONSIBILITY. THE MOST RECENT COMPENSATION REVIEW WAS COMPLETED 11/30/2019. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE FILED WITH THE WASHINGTON SECRETARY OF STATE AND ARE AVAILABLE FOR PUBLIC INSPECTION. IN ADDITION, THE FOUNDATION MAKES AVAILABLE UPON REQUEST COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS, AND FORM 990. THE FOUNDATION ALSO PROVIDES A COPY OF BOTH ITS FORM 990 AND ITS AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE. CHARITABLE LEAD ANNUITY TRUST (1) INVESTMENT WA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1