2016-09-19T13:34:33-05:00 2015-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2015-01-01 911140642 SEATTLE PUBLIC LIBRARY FOUNDATION SEAT 2063864130 1000 4TH AVENUE SEATTLE WA 98104 IRENE YAMAMOTO TREASURER 2063864130 2016-09-19 1 JANE M SEARING P00000565 4254544919 2016-09-15 2015 2017-02-10 21:41:12Z JONNA WARD 1000 4TH AVENUE SEATTLE WA 98104 14536559 0 X WWW.FOUNDATION.SPL.ORG X 1980 WA TO HELP THE LIBRARY BUILD ITS COLLECTIONS, OFFER PATRON PROGRAMS, AND BETTER SERVE OUR COMMUNITY. 29 29 8 29 0 0 4072670 3825597 0 0 2393912 2878174 0 0 6466582 6703771 3504667 5230982 0 0 914028 948250 0 8862 395556 475925 478499 4894620 6666593 1571962 37178 67567358 64735413 1839263 2307802 65728095 62427611 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 5512035 5230982 THE SEATTLE PUBLIC LIBRARY FOUNDATION REPRESENTS MORE THAN 6,500 DONORS WHO DECLARE THROUGH THEIR GENEROUS CONTRIBUTIONS THAT THE LIBRARY IS A TREASURED ASSET IN OUR COMMUNITY. DONORS' COLLECTIVE INVESTMENTS ENHANCE LIBRARY COLLECTIONS, FUEL 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 TAKE RISKS, EVALUATE THE RESULTS, AND INVEST RESOURCES IN AREAS THAT HAVE THE GREATEST IMPACT TO ENSURE OUR LIBRARY REMAINS A VITAL RESOURCE FOR ALL SEATTLE CITIZENS IN THE FUTURE. IN 2015, THE FOUNDATION PROVIDED MORE THAN $5.7 MILLION IN GRANTS AND DIRECT PROGRAM SUPPORT, OF WHICH OVER $5.4 MILLION WAS IN CASH GRANTS AND SUPPORT TO THE SEATTLE PUBLIC LIBRARY, TO SUPPORT SIX SERVICE PRIORITIES: COLLECTIONS AND RESOURCES; COMMUNITY ENGAGEMENT; REIMAGINED SPACES; SEATTLE CULTURE AND HISTORY; TECHNOLOGY AND ACCESS; YOUTH AND EARLY LEARNING; AND LIBRARY TRAINING, STAFF, AND STRATEGIC SUPPORT. THE LARGEST CASH GRANT, OVER $1.5 MILLION, SUPPORTED THE LIBRARY'S COLLECTIONS AND RESOURCES. THESE FUNDS ALLOWED THE LIBRARY TO PURCHASE BOOKS, EBOOKS, AUDIOBOOKS, DVDS, AND MUSIC RECORDINGS FOR ALL AGES, AS WELL AS BOOKS AND MATERIALS SUPPORTING NUMEROUS LIBRARY PROGRAMS. CURRENTLY ONE IN EVERY SIX ITEMS IN THE LIBRARY'S COLLECTION IS PURCHASED WITH FOUNDATION FUNDS. THE FOUNDATION ALSO SUPPORTED THE LIBRARY'S SPECIAL PROGRAMS FOR YOUTH AND EARLY LEARNING, GIVING CLOSE TO $500,000 IN CASH GRANT FUNDS TO SPONSOR PROGRAMS SUCH AS SUMMER LEARNING, HOMEWORK HELP, RAISING A READER, THE GLOBAL READING CHALLENGE, AND OTHER INITIATIVES TO HELP CHILDREN SUCCEED IN SCHOOL. A GRANT OF OVER $500,000 SUPPORTED REMODELING OF THE RAINIER BEACH BRANCH, ADDING MORE MEETING SPACE AND EXPANDED AREAS FOR CHILDREN AND TEENS. 5512035 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JEFF GUDDAT 2066151620 1000 4TH AVENUE SEATTLE WA 98104 LYNN PIGOTT MOWE PRESIDENT 2.00 X X 0 0 0 ROSS BAKER VICE PRESIDENT 2.00 X X 0 0 0 DAN MCCONNELL SECRETARY 1.00 X X 0 0 0 IRENE YAMAMOTO TREASURER 2.00 X X 0 0 0 SUSAN ADKINS DIRECTOR 1.00 X 0 0 0 GREG BERKMAN DIRECTOR 1.00 X 0 0 0 SUE DONALDSON DIRECTOR 1.00 X 0 0 0 RUTH MASSINGA DIRECTOR 1.00 X 0 0 0 THEODORE TED COLLINS DIRECTOR 1.00 X 0 0 0 PATRICIA PAT DAWSON DIRECTOR 1.00 X 0 0 0 JODI GREEN DIRECTOR 1.00 X 0 0 0 MARA MANGER DIRECTOR 1.00 X 0 0 0 CARLA LEWIS DIRECTOR 1.00 X 0 0 0 SHARON HAMMEL DIRECTOR 1.00 X 0 0 0 TYLER MICKEY DIRECTOR 1.00 X 0 0 0 GRACE NORDHOFF DIRECTOR 1.00 X 0 0 0 GLENNA OLSON DIRECTOR 1.00 X 0 0 0 SUSAN POTTS DIRECTOR 1.00 X 0 0 0 STEPHANIE AXELROD DIRECTOR 1.00 X 0 0 0 DEBORAH ROSEN DIRECTOR 1.00 X 0 0 0 ANNE REPASS DIRECTOR 2.00 X 0 0 0 ANNIE SEARLE DIRECTOR 1.00 X 0 0 0 CLAUDIA SKELTON DIRECTOR 1.00 X 0 0 0 WILLIAM BILL STAFFORD DIRECTOR 1.00 X 0 0 0 LORI SCOTT DIRECTOR 1.00 X 0 0 0 DAN SUDIT DIRECTOR 1.00 X 0 0 0 T NEAL SULLINS DIRECTOR 1.00 X 0 0 0 INA TATEUCHI DIRECTOR 1.00 X 0 0 0 PATRICIA PAT J WALKER DIRECTOR 1.00 X 0 0 0 JONNA WARD EXECUTIVE DIRECTOR 40.00 X 119907 0 34993 JEFF GUDDAT CHIEF FINANCIAL OFFICER 40.00 X 107125 0 31903 SHARON GRIGGINS-DAVIS DIR., DEVELOPMENT & COMMUNICATIONS 40.00 X 103626 0 31242 BRADLEY A BORST DIRECTOR OF ADVANCEMENT 40.00 X 93402 0 30519 424060 0 128657 3 0 0 1 0 132220 3693377 881245 3825597 1666646 1666646 9044316 7832788 1211528 1211528 1211528 6703771 0 0 2878174 5230982 5230982 552717 163820 227713 161184 249685 74004 102868 72813 39275 11641 16181 11453 55139 16343 22716 16080 51434 15245 21190 14999 48993 48993 18913 18913 8862 8862 114455 114455 73023 53951 19072 108664 42482 66182 27704 22354 5350 14525 14216 309 1129 1129 1027 1027 11050 11050 CULTIVATION & STWRDSHP 43625 32554 11071 BAD DEBT EXPENSE 6972 6972 MEMBERSHIP & SPNSRSHP 3254 2804 450 STAFF DEVELOPMENT 2568 1968 600 2597 2438 159 6666593 5512035 759002 395556 1069448 2005651 5156017 3030102 736804 190496 8429 15731 5134 3157 3004 1977 57179539 55771484 3414117 3719972 67567358 64735413 296578 329709 1542685 1978093 1839263 2307802 X 19702844 17946648 18148089 15627859 27877162 28853104 65728095 62427611 67567358 64735413 37178 -3337662 0 X 0 1 X 1 0 X 4945790 4227844 5917842 4072670 3825597 22989743 4945790 4227844 5917842 4072670 3825597 22989743 8319473 14670270 1247298 1437672 1272117 1495443 1666646 7119176 30108919 0.48720 0.43230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 6666593 0 6666593 0 483330 0 120833 0 0 0 378976 0 0 0 378976 568464 149337 0 0 0 149337 94744 0 0 0 94744 142116 39730 0 0 0 39730 49460821 250868 -613758 1801337 47296594 47798001 447856 2899961 1684997 49460821 42343227 411254 6586818 1543298 47798001 38521848 128669 5131195 1438485 42343227 39738456 17694 69260 1303562 38521848 0.14960 0.59470 0.25570 1 0 5134 3157 1977 1977 BENEFICIAL INTEREST IN ASSETS HELD BY THE SEATTLE FOUNDATION 3027398 F SPLIT INTEREST AGREEMENT 692574 F 3719972 3510267 -3337662 265585 -114455 -3186532 6696799 6972 6972 6703771 6810751 265585 265585 6545166 114455 6972 121427 6666593 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 -114,455. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 6,972. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 6,972. 1 SEATTLE PUBLIC LIBRARY 1000 - 4TH AVENUE SEATTLE WA 98104 916001275 PUBLIC LIBRARY 5136853 94129 FAIR MARKET VALUE LIBRARY EVENTS AND FREE TICKETS TO VARIOUS VENUES ENHANCE LIBRARY COLLECTIONS AND PROGRAMS 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. 0 0 0 0 0 0 0 0 0 JONNA WARD EXECUTIVE DIRECTOR 119907 0 0 0 0 0 19067 0 15926 0 154900 0 0 0 JEFF GUDDAT CHIEF FINANCIAL OFFICER 107125 0 0 0 0 0 16942 0 14961 0 139028 0 0 0 SHARON GRIGGINS-DAVIS DIR., DEVELOPMENT & COMMUNICATIONS 103626 0 0 0 0 0 16277 0 14965 0 134868 0 0 0 BRADLEY A BORST DIRECTOR OF ADVANCEMENT 93402 0 0 0 0 0 14888 0 15631 0 123921 0 0 0 SCHEDULE J, PART I, LINE 3: THE COMPENSATION FOR EMPLOYEES OF THE SEATTLE PUBLIC LIBRARY FOUNDATION IS ESTABLISHED BY THE SEATTLE CITY LIBRARIAN AND RECOMMENDATIONS FROM THE SEATTLE PUBLIC LIBRARY'S HUMAN RESOURCES DEPARTMENT. IN MAKING ITS RECOMMENDATION, THE HUMAN RESOURCES DEPARTMENT CONSIDERS INFORMATION DRAWN FROM A MARKET SURVEY OF COMPARABLE EMPLOYERS AND INTERNAL PAY EQUITY AMONG POSITIONS WITH SIMILAR LEVELS OF RESPONSIBILITY. SCHEDULE J, PART II: JONNA WARD, JEFF GUDDAT, BRAD BORST AND SHARON GRIGGINS-DAVIS ARE EMPLOYEES OF THE SEATTLE PUBLIC LIBRARY, AN UNRELATED ORGANIZATION. THE SEATTLE PUBLIC LIBRARY IS A GOVERNMENT AGENCY THAT RECEIVES GRANTS FROM THE SEATTLE PUBLIC LIBRARY FOUNDATION. THE EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER, DIRECTOR OF ADVANCEMENT AND DIRECTOR OF DEVELOPMENT AND COMMUNICATIONS ARE FUNDED BY THE SEATTLE PUBLIC LIBRARY FOUNDATION UNDER AN ARRANGEMENT IN WHICH THE FOUNDATION REIMBURSES SEATTLE PUBLIC LIBRARY FOR COSTS INCURRED. X 5100 FAIR MARKET VALUE X 16 83324 FAIR MARKET VALUE X 1 703794 FAIR MARKET VALUE X 1 50 FAIR MARKET VALUE X EVENT TICKETS 4 85715 FAIR MARKET VALUE X SUPPLIES 11 3262 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 A, LINE 4 THE BYLAWS WERE AMENDED DURING THE 2015 TAX YEAR TO ADD DETAILS OF A QUORUM TO ARTICLE IV, COMMITTEES OF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY DRAFTED BY A THIRD PARTY 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 EXECUTIVE DIRECTOR AND THE CHIEF FINANCIAL OFFICER. AFTER ANY NECESSARY REVISIONS HAVE BEEN MADE, THE DRAFT FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE, CHAIRED BY THE FOUNDATION 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 EXECUTIVE DIRECTOR OR THE CHIEF FINANCIAL OFFICER. ONCE THE FINANCE COMMITTEE APPROVES THE DRAFT, A COPY IS PROVIDED TO THE ENTIRE BOARD 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 EXECUTIVE DIRECTOR, DIRECTOR OF DEVELOPMENT & COMMUNICATIONS, DIRECTOR OF ADVANCEMENT AND THE CHIEF FINANCIAL OFFICER IS ESTABLISHED BY THE SEATTLE CITY LIBRARIAN UPON CONSULTATION WITH THE FOUNDATION'S EXECUTIVE COMMITTEE AND BASED ON RECOMMENDATIONS FROM THE SEATTLE PUBLIC LIBRARY'S HUMAN RESOURCES DEPARTMENT. IN MAKING ITS RECOMMENDATION, THE HUMAN RESOURCES DEPARTMENT CONSIDERS INFORMATION DRAWN FROM A MARKET SURVEY OF COMPARABLE EMPLOYERS AND INTERNAL PAY EQUITY AMONG POSITIONS WITH SIMILAR LEVELS OF RESPONSIBILITY. THE MOST RECENT COMPENSATION REVIEW WAS COMPLETED ON 11/1/2014. 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, AND AUDITED FINANCIAL STATEMENTS. 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 T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1