Frank Lloyd Wrights Martin House Co Rporation
- Assets
- $48.1m
- Revenue
- $3.5m
- Investments
- $1.9m
- Employees
- 27
- Location
- Buffalo, NY
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 16-1426693
Organization Overview
Frank Lloyd Wrights Martin House Co Rporation is located in Buffalo, NY. The organization was established in 1993. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Frank Lloyd Wrights Martin House Co Rporation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Lloyd Wrights Martin House Co Rporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Frank Lloyd Wrights Martin House Co Rporation generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRANK LLOYD WRIGHT'S MARTIN HOUSE IS TO PRESERVE, INTERPRET, PROMOTE AND SUSTAIN AN INTEGRATED COMPOSITION OF WORLD-CLASS ARCHITECTURE, DESIGN AND LANDSCAPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RESTORE AND MAINTAIN THE FRANK LLOYD WRIGHT MARTIN HOUSE, OFFER PROGRAMS INCLUDING A WIDE VARIETY OF TOURS AND EDUCATIONAL OPPORTUNITIES FOR THE GENERAL PUBLIC, AND A RETAIL BUSINESS RELATED TO ARCHITECTURE AND DESIGN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary F Roberts Executive Director | OfficerTrustee | 40 | $165,586 |
Barbara Gasiewicz Director Of Finance | Officer | 24 | $46,580 |
Daniel J Zimmer Vice President | OfficerTrustee | 1 | $0 |
Donna L Decarolis President | OfficerTrustee | 1 | $0 |
Russ Gentner Treasurer | OfficerTrustee | 1 | $0 |
John E Siegel Secretary (6/21 - 12/21) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $318,093 |
| Fundraising events | $3,565 |
| Related organizations | $0 |
| Government grants | $1,767,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,591,857 |
| Total Program Service Revenue | $507,604 |
| Investment income | $191,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,212 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $147,503 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,523,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,166 |
| Compensation of current officers, directors, key employees. | $96,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $534,708 |
| Pension plan accruals and contributions | $31,886 |
| Other employee benefits | $38,330 |
| Payroll taxes | $70,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,012 |
| Fees for services: Accounting | $15,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,071 |
| Advertising and promotion | $36,869 |
| Office expenses | $106,164 |
| Information technology | $78,103 |
| Royalties | $0 |
| Occupancy | $38,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $748,403 |
| Insurance | $92,923 |
| All other expenses | $0 |
| Total functional expenses | $2,228,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961,357 |
| Savings and temporary cash investments | $503,603 |
| Pledges and grants receivable | $424,969 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,927 |
| Prepaid expenses and deferred charges | $15,660 |
| Net Land, buildings, and equipment | $44,104,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,922,055 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,500 |
| Total assets | $48,127,802 |
| Accounts payable and accrued expenses | $186,294 |
| Grants payable | $0 |
| Deferred revenue | $48,375 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $384,669 |
| Net assets without donor restrictions | $44,943,696 |
| Net assets with donor restrictions | $2,799,437 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,127,802 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Frank Lloyd Wrights Martin House Co Rporation has recieved totaling $466,144.
| Awarding Organization | Amount |
|---|---|
John R Oishei Foundation Buffalo, NY PURPOSE: MARTIN HOUSE OPERATIONAL AND CAPITAL NEEDS | $150,000 |
Stockman Fam Foundation Tr New York, NY PURPOSE: GENERAL OPERATING | $100,000 |
First Niagara Foundation Buffalo, NY PURPOSE: COMMUNITY DEVELOPMENT | $100,000 |
Rich Family Foundation Buffalo, NY PURPOSE: GENERAL DONATION | $50,000 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; ANNUAL FUND; ANNUAL OPERATING EXPENSES; GENERAL OPERATING; IN MEMORY OF | $34,850 |
James H Cummings Foundation Inc Buffalo, NY PURPOSE: PAVILION AV/TECHNOLOGY UPGRADES | $25,000 |
Endowment Analysis
| Beg. Balance | $1,440,991 |
| Earnings | $260,381 |
| Net Contributions | $220,683 |
| Ending Balance | $1,922,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |