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 12/2023, Frank Lloyd Wrights Martin House Co Rporation employed 36 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 12/2023, Frank Lloyd Wrights Martin House Co Rporation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. 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
2023
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jessie Fisher Executive Director | OfficerTrustee | 40 | $143,221 |
Daniel J Zimmer President | OfficerTrustee | 1 | $0 |
Douglas C Bean Vice President | OfficerTrustee | 1 | $0 |
Patrick J Kaler Vice President | OfficerTrustee | 1 | $0 |
Kevin J Cavalieri Treasurer | OfficerTrustee | 1 | $0 |
John E Siegel Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $237,418 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $240,000 |
All other contributions, gifts, grants, and similar amounts not included above | $352,098 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $829,516 |
Total Program Service Revenue | $891,098 |
Investment income | $82,269 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $63,958 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $315,941 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,272,417 |
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. | $150,000 |
Compensation of current officers, directors, key employees. | $42,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,061,575 |
Pension plan accruals and contributions | $34,972 |
Other employee benefits | $64,770 |
Payroll taxes | $119,810 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,595 |
Fees for services: Accounting | $16,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $34,493 |
Advertising and promotion | $48,549 |
Office expenses | $169,019 |
Information technology | $124,697 |
Royalties | $0 |
Occupancy | $56,323 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,766 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $537,467 |
Insurance | $118,197 |
All other expenses | $0 |
Total functional expenses | $2,749,768 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $333,683 |
Savings and temporary cash investments | $668,330 |
Pledges and grants receivable | $434,161 |
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 | $234,956 |
Prepaid expenses and deferred charges | $32,537 |
Net Land, buildings, and equipment | $45,433,093 |
Investments—publicly traded securities | $0 |
Investments—other securities | $2,227,629 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $49,364,389 |
Accounts payable and accrued expenses | $219,417 |
Grants payable | $0 |
Deferred revenue | $21,125 |
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 | $146,675 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $387,217 |
Net assets without donor restrictions | $45,802,712 |
Net assets with donor restrictions | $3,174,460 |
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 | $49,364,389 |