2012-11-12T15:59:01-06:00 2011-12-31 912011386 Jacobson Jarvis & Co PLLC 600 Stewart Street Suite 1900 Seattle WA 981011219 990 2011-01-01 911140642 The Seattle Public Library Foundation SEAT 2063864130 1000 - 4th Avenue Seattle WA 981041109 Irene Yamamoto 2063864130 2012-11-09 1 Howard Donkin CPA P00147726 2066288990 2012-10-07 2011 2016-02-24 21:20:13Z Jonna Ward 1000 - 4th Avenue Seattle WA 981041109 19948880 0 X www.foundation.spl.org X 1980 WA Support of the Seattle Public Library 33 33 0 37 0 0 6717795 4945790 0 0 2255649 1892135 0 0 8973444 6837925 6353423 4027112 0 0 0 0 9741 0 307816 830994 834388 7194158 4861500 1779286 1976425 52262924 53428189 1168387 1672596 51094537 51755593 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 4027112 4027112 The Foundation provided grants to The Seattle Public Library to support primarily three areas: collections, free public programs, and capital improvements.In 2011, the Foundation gave grants totaling almost $1.5 million to support the enhancement of the Library's collection. Those dollars allowed the Library to buy books, audiobooks, DVDs and music recordings for adults, teens and children, making more than 42,000 new items available on library shelves across the city. Approximately 25% of the 50,000 new ebooks and e-audiobooks added to the Library's online collection were funded by the Foundation. Currently nearly one in five items in the Library's collection was purchased with Foundation funding. Last year, the Foundation supplied $1.1 million to support free public programs at the Central Library and in the branches. These programs include early literacy activities for pre-school children, the Library's annual Summer Reading Program, homework help for students, book groups for seniors, and public presentations by leading authors, scholars and artists. Last year, more than 207,000 people attended 6,400 free public programs offered at the Library.In 2011 the Foundation contributed $558,000 to the Library for deep cleaning, furniture repair and replacement, and other building improvements throughout the system. 4027112 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 WA X Jeffery E Guddat 2066151620 1000 Fourth Avenue Seattle WA 981041109 David F McShea 8.00 X X 0 0 0 Anne Repass 2.00 X X 0 0 0 Robert P Carlile 2.00 X X 0 0 0 Ross C Baker 2.00 X X 0 0 0 Susan GH Adkins 1.00 X 0 0 0 Greg Berkman 1.00 X 0 0 0 John Stuart Calhoun 1.00 X 0 0 0 Sue Coliton 1.00 X 0 0 0 Theodore J Collins 1.00 X 0 0 0 Patricia Dawson 1.00 X 0 0 0 Jodi Green 1.00 X 0 0 0 Mimi Howard 1.00 X 0 0 0 Kelley A Kurtzman 1.00 X 0 0 0 Carla Lewis 1.00 X 0 0 0 Dan McConnell 1.00 X 0 0 0 Tyler Mickey 1.00 X 0 0 0 Lynn Pigott Mowe 1.00 X 0 0 0 Grace Nordhoff 1.00 X 0 0 0 Glenna Olson 1.00 X 0 0 0 Deborah Rosen 1.00 X 0 0 0 Ira Rubinstein 1.00 X 0 0 0 Ryan Sawyer 1.00 X 0 0 0 David Schneiderman 1.00 X 0 0 0 Annie Searle 1.00 X 0 0 0 Claudia Skelton 1.00 X 0 0 0 Peter Steinbrueck 1.00 X 0 0 0 Daniel Sudit 1.00 X 0 0 0 Neal Sullins 1.00 X 0 0 0 Ina Tateuchi 1.00 X 0 0 0 Patricia Walker 1.00 X 0 0 0 David C Williams 1.00 X 0 0 0 Catie Wilson 1.00 X 0 0 0 Irene Yamamoto 1.00 X 0 0 0 Jonna Ward 40.00 X 109233 0 23419 Jeff Guddat 40.00 X 96288 0 21136 205521 0 44555 1 0 0 1 0 4945790 592752 4945790 1247298 1247298 13755792 13110955 644837 644837 644837 6837925 0 0 1892135 4027112 4027112 450844 276657 174187 1721 1721 18243 18243 122815 122815 37210 15164 22046 113301 32988 80313 19322 19322 6248 6248 463 463 9565 9565 Donor Relations 31919 19394 12525 Uncollectible Pledges 18745 18745 Memberships/Sponsorship 2301 2301 Professional Developmen 1691 1691 4861500 4027112 526572 307816 X 686669 1817096 7275490 6620101 91957 2976119 14889 14031 10076 9833 706 243 40957166 38410108 272000 812000 2964047 2778491 52262924 53428189 198037 164028 970350 1508568 1168387 1672596 X 13427801 15760031 10795047 9106179 26871689 26889383 51094537 51755593 52262924 53428189 X 1976425 -1315369 X X 0 1 1 X 0 X 4116907 3292129 2370497 6717795 4945790 21443118 4116907 3292129 2370497 6717795 4945790 21443118 8084523 13358595 1609586 2211615 1297651 1481477 1247298 7847627 40991 38478 79469 29370214 0.45480 0.48260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 430837 430837 646256 107709 107709 161564 39738456 17694 69620 1303562 38521848 31910889 5041522 4095267 1309222 39738456 26736864 355735 5719499 901209 31910889 36078097 526300 -8690458 1177075 26736864 0.15000 0.70000 0.15000 1 0 10076 9833 243 243 Beneficial Interest in Assets Held by the Seattle Foundation 2649491 Split Interest Agreement 129000 2778491 6837925 4861500 1976425 -1315369 -1315369 661056 5422457 -1315369 41461 -1273908 6696365 122815 18745 141560 6837925 4761401 41461 41461 4719940 122815 18745 141560 4861500 Description of Intended Use of Endowment Funds: 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. Part XII, Line 4b - Other Adjustments: Bad Debt Expense 18,745. Part XIII, Line 4b - Other Adjustments: Bad Debt Expense 18,745. 1 Seattle Public Library 1000 4th Avenue Seattle WA 98104 916001275 3507930 519182 Estimated retail Newspaper advertising, Books Support of Library collections, programs, & capital improvements. 1 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. X 0 0 0 0 0 0 0 0 0 Supplemental Information Part III Jonna Ward and Jeffery E. Guddat are employees of the Seattle Public Library (SPL), an unrelated organization within the meaning of IRC 509(a)(3) but a government agency that received grants from The Seattle Public Library Foundation (SPLF). The Executive Director and Senior Finance Manager are funded by SPLF under an arrangement in which SPLF reimburses SPL for costs incurred. X 37513 Comparable sales price X 12 47640 Quoted market prices X Advertising 2 459629 Retail Price X Event Hosting 2 16577 Retail Price X Museum Passes 1 29281 Retail Price X Hotel Rooms 1 1000 Retail Price X Miscellaneous 4 1112 Retail Price 0 1 1 Third Party Use: Part I, Line 32b: The Foundation utilizes MorganStanleySmithBarney (MSSB) to receive and sell donated securities/stock. Form 990, Part VI, Section B, line 11 The Form 990 is initially drafted by the Senior Finance Manager, working jointly with the Foundation's auditors (JJCO). The draft Form 990 and source documenation is reviewed by the Executive Director and the Senior Finance Manager. 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, and reviews the entire draft. Any questions or concerns are discussed with the Executive Director or the Senior Finance Manager. Once the Finance Committee approves the draft, the Treasurer signs the return. 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. 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 outside of the presence of the disclosing Board member. 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, 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, and the Senior Finance Manager 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. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -1,315,369. Form 990, Part XI, Line 2c: There has been no change in the Audit Committee process.