Civic Intelligence

Seattle Athenaeum

EIN 47-2486862 • 501(c)3 • Seattle, WA

Profile

To Promote and Deepen Public Appreciation of the Literary Arts Through Preservation of Book Collections, Book Sharing Through Library Services, Book Related Cultural Programming and Workspace for Writers and Others.

93 Pike Street 307Seattle, WA 98101

www.folioseattle.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.14x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

69%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$283,342

Up $115,204 (+69%) from 2023

Liabilities

Down

$38,893

Down $22,830 (-37%) from 2023

Net Assets

Up

$244,449

Up $138,034 (+130%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin82nd percentile

Revenue

Up

$449,851

Up $84,158 (+23%) from 2023

Expenses

Up

$311,817

Up $58,363 (+23%) from 2023

Net Income

Up

$138,034

Up $25,795 (+23%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2015: $83,754Liabilities 2015: $30,825Net Assets 2015: $52,9292015Assets 2016: $103,646Liabilities 2016: $20,509Net Assets 2016: $83,1372016Assets 2017: $92,667Liabilities 2017: $20,225Net Assets 2017: $72,4422017Assets 2018: $58,489Liabilities 2018: $24,9392018Assets 2019: $41,025Liabilities 2019: $23,970Net Assets 2019: $17,0552019Assets 2020: $50,694Liabilities 2020: $22,500Net Assets 2020: $28,1942020Assets 2021: $38,784Liabilities 2021: $34,911Net Assets 2021: $3,8732021Assets 2022: $37,845Liabilities 2022: $43,669Net Assets 2022: -$5,8242022Assets 2023: $168,138Liabilities 2023: $61,723Net Assets 2023: $106,4152023Assets 2024: $283,342Liabilities 2024: $38,893Net Assets 2024: $244,4492024

Highlighted filing

2024

Assets$283,342
Liabilities$38,893
Net Assets$244,449
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $171,525Expenses 2015: $143,596Net Income 2015: $27,9292015Revenue 2016: $280,865Expenses 2016: $253,237Net Income 2016: $27,6282016Revenue 2017: $218,440Expenses 2017: $229,134Net Income 2017: -$10,6942017Revenue 2018: $169,288Expenses 2018: $207,790Net Income 2018: -$38,5022018Revenue 2019: $222,086Expenses 2019: $228,922Net Income 2019: -$6,8362019Revenue 2020: $226,874Expenses 2020: $215,734Net Income 2020: $11,1402020Revenue 2021: $203,360Expenses 2021: $227,714Net Income 2021: -$24,3542021Revenue 2022: $249,466Expenses 2022: $264,079Net Income 2022: -$14,6132022Revenue 2023: $365,693Expenses 2023: $253,454Net Income 2023: $112,2392023Revenue 2024: $449,851Expenses 2024: $311,817Net Income 2024: $138,0342024

Highlighted filing

2024

Revenue$449,851
Expenses$311,817
Net Income$138,034
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$283,342
Liabilities
$38,893
Net assets
$244,449
Revenue
$449,851
Expenses
$311,817
Net income
$138,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.83$0.39$2.44$4.50$3.12$1.38
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.62$1.06$3.66$2.53$1.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.44$0.06$2.49$2.64$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.35$0.04$2.03$2.28$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.23$0.28$2.27$2.16$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.24$0.17$2.22$2.29$0.07
2018Summary only. Only limited summary data is available for this year.$0.58$0.25$1.69$2.08$0.39
2017Summary only. Only limited summary data is available for this year.$0.93$0.20$0.72$2.18$2.29$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.21$0.83$2.81$2.53$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.31$0.53$1.72$1.44$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$449,851
Mission and Program Overview

Mission

Folio's mission is to promote and deepen public appreciation of the literary arts through preservation of book collections, book sharing through library services, book-related cultural programming, and workspaces for writers and others.

The Seattle Athenaeum connects a dynamic literary community through its curated collection of books, cultural and civic programs, author events, musical performances, and other opportunities for engaging conversations. We are dedicated to fostering meaningful discussions within diverse communities, promoting equitable exploration of ideas found in literature, and cultivating an inclusive community enriched by its relationships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$114,082$260,648▲ $146,566
Cash and Non-Interest-Bearing Accounts$49,056$17,694▼ $31,362
Loans From Officers Directors$8,108$8,108→ $0
Prepaid Expenses and Deferred Charges$5,000$5,000→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$168,138$283,342▲ $115,204
Liabilities
Mortgage Notes Payable Secured by Investment Property-$20,000-
Accounts Payable and Accrued Expenses$53,615$10,785▼ $42,830
Total Liabilities$61,723$38,893▼ $22,830
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,915$147,949▲ $138,034
Net Assets With Donor Restrictions$96,500$96,500→ $0
Total Net Assets Fund Balance$106,415$244,449▲ $138,034
Total Liabilities and Net Assets / Fund Balance$168,138$283,342▲ $115,204

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$19,811$19,811
Equipment$0$15,094$15,094
Other Land Buildings$0$6,711$6,711
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Caroline CummingExecutive DirectorFT$97,461$97,461

Board Members and Trustees

NameTitle
JULIANA ALDOUS ended Dec 2024Former President
Ananda MartinBoard of Trustees
Beth BrooksBoard of Trustees
Clement UtukBoard of Trustees
Debra WeissmanBoard of Trustees
Makaela NellamsBoard of Trustees
Marie HartungBoard of Trustees
Morton KondrackeBoard of Trustees
Nicole AguirreBoard of Trustees
Robin Van SteenberghBoard of Trustees
Stephanie ReentsBoard of Trustees
John TreatFormer Board of Trustees
Shama ShamsFormer Board of Trustees
Sandra HaynesSecretary
Tom CorddryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$417,500
Program Service Revenue
$16,489
Investment Income
$76
Other Revenue
$15,786
All Other Contributions
$334,247
Change in Net Assets
$138,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$202,610
Other Expenses$109,207
Total Fundraising Expense$34,868
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$68,223$19,492$9,746$97,461
Other Salaries and Wages$75,682$5,697-$81,379
Occupancy$32,137$5,095$1,959$39,191
Payroll Taxes$15,220$2,413$928$18,561
Fees for Services Accounting$1,500$6,600-$8,100
Advertising$993-$5,005$5,998
Information Technology$4,480$710$273$5,463
Other Expenses$5,176$107$53$5,336
Other Employee Benefits$4,271$677$261$5,209
Office Expenses$2,947$467$180$3,594
Insurance$2,816$446$172$3,434
Travel--$678$678
Total Functional Expenses$226,678$50,271$34,868$311,817
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$8,108$8,108→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The 990 is provided to the board electronically for review prior to filing.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by providing copies upon request at its principal office.”

Filing and Contact Details

Filer

Filer Name
Seattle Athenaeum
EIN
47-2486862
Phone
2064024162
Address
93 PIKE STREET 307, SEATTLE, WA 98101
Doing Business As
Folio Seattle

Signing Officer

Name
Caroline Cumming
Title
Executive Director
Phone
2064024162
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caroline Cumming
Formed
2014
Legal Domicile
Wa
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
10

Preparer

Firm
Cornerstone CPA
Address
14903 74th Ave E, Puyallup, WA 98375-8020
Preparer
Miriam Krause MAcc CPA
Phone
2537777877
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