Frank Lloyd Wright Building Conservancy
- Assets
- $4.9m
- Revenue
- $910.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 08/1990
- Data as of
- 12/2023
- EIN
- 36-3703598
Organization Overview
Frank Lloyd Wright Building Conservancy is located in Chicago, IL. The organization was established in 1990. 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 Wright Building Conservancy employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Lloyd Wright Building Conservancy 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 Wright Building Conservancy generated $910.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $812.9k during the year ending 12/2023. While expenses have increased by 7.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE PRESERVATION AND MAINTENANCE OF THE REMAINING STRUCTURES DESIGNED BY FRANK LLOYD WRIGHT THROUGH EDUCATION, ADVOCACY, PRESERVATION EASEMENTS, AND TECHNICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSERVANCY SPONSORED AN ANNUAL CONFERENCE ATTENDED BY CONSERVANCY MEMBERS, WRIGHT BUILDING OWNERS, ARCHITECTS, SCHOLARS, PRESERVATIONISTS, AND WRIGHT ENTHUSIASTS TO SHARE KNOWLEDGE AND EXPERIENCES WITH OTHERS COMMITTED TO PRESERVING WRIGHT'S WORK.
EASEMENT ACQUISITION & MONITORING
THE CONSERVANCY PROVIDES INFORMATION AND TECHNICAL ASSISTANCE TO MEMBERS, PRIVATE AND PUBLIC ORGANIZATIONS, AND TO GOVERNMENTAL BODIES WITH RESPECT TO WRIGHT-RELATED PRESERVATION ISSUES. IT ALSO OVERSEES THE ACTIVITIES OF THE FRANK LLOYD WRIGHT WORLD HERITAGE COUNCIL.ADVOCATE AND LEAD PRESERVATION EFFORTS FOR ENDANGERED WRIGHT STRUCTURES, WORKING COLLABORATIVELY WITH LOCAL AND NATIONAL ORGANIZATIONS WHEN APPROPRIATE.
PROVIDE PUBLICATIONS WITH GENERAL INTEREST AND SCHOLARLY ARTICLES ABOUT WRIGHT'S DESIGNS AND HIS BODY OF WORK, ENDANGERED WRIGHT BUILDINGS, RESTORATION METHODS, EXPERIENCES OF WRIGHT BUILDING OWNERS, WRIGHT BUILDINGS FOR SALE, WRIGHT-RELATED CURRENT RESEARCH AND BOOKS.CONDUCT TOURS AND EVENTS CENTERED ON THE BUILT WORKS OF FRANK LLOYD WRIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Safina Uberoi President | OfficerTrustee | 10 | $0 |
Scott Perkins First Vice President | OfficerTrustee | 10 | $0 |
Dan Nichols Second Vice President | OfficerTrustee | 10 | $0 |
Cynthia M Jacob Secretary | OfficerTrustee | 10 | $0 |
George Meyer Treasurer | OfficerTrustee | 10 | $0 |
Liz Allen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $185,790 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,790 |
| Total Program Service Revenue | $222,565 |
| Investment income | $120,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $910,413 |
| 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. | $100,947 |
| Compensation of current officers, directors, key employees. | $38,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,414 |
| Pension plan accruals and contributions | $1,035 |
| Other employee benefits | $44,480 |
| Payroll taxes | $26,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,144 |
| Advertising and promotion | $0 |
| Office expenses | $69,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,949 |
| Travel | $28,956 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,179 |
| Insurance | $14,982 |
| All other expenses | $0 |
| Total functional expenses | $812,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $25,984 |
| Net Land, buildings, and equipment | $44,539 |
| Investments—publicly traded securities | $4,693,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,910 |
| Total assets | $4,949,756 |
| Accounts payable and accrued expenses | $28,230 |
| Grants payable | $0 |
| Deferred revenue | $5,290 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,520 |
| Net assets without donor restrictions | $3,761,029 |
| Net assets with donor restrictions | $1,155,207 |
| 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 | $4,949,756 |