Taliesin Preservation Inc
- Assets
- $5.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 71
- Location
- Spring Green, WI
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 39-1681988
Organization Overview
Taliesin Preservation Inc is located in Spring Green, WI. The organization was established in 1990. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2023, Taliesin Preservation Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taliesin Preservation Inc 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, Taliesin Preservation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE TALIESIN ESTATE & EDUCATE THE PUBLIC ON FRANK LLOYD WRIGHT.
Describe the Organization's Program Activity:
VISITATION PROGRAM:THIS PROGRAM RESPONDS TO A GROWING PUBLIC DEMAND FOR A FIRST-HAND EDUCATIONAL EXPERIENCE AT THE TALIESIN ESTATE. EACH YEAR, OVER 25,000 GUESTS VISIT THE HISTORIC SITE. SEVERAL COMPREHENSIVE TOURS ARE OFFERED AS WELL AS PROGRAMMING TO INTEGRATE THE PRESERVATION FOCUS ON ARCHITECTURE, NATURE AND CULTURE. ENHANCED PUBLIC ACCESS OPPORTUNITIES ALLOW VISITORS TO EXPERIENCE THE TALIESIN LEGACY OF ARCHITECTURE AND DESIGN, EDUCATION, AGRICULTURE AND THE ARTS. TO BALANCE THE VISITOR EXPERIENCE, A GIFTSHOP, CAFE AND EXHIBITS ON FRANK LLOYD WRIGHT'S LIFE, WORK, AND CONCEPTS ARE ALSO OFFERED.
PRESERVATION PROGRAM:THIS PROGRAM PROVIDES RESOURCES FOR THE ONGOING PRESERVATION OF THE TALIESIN ESTATE. THIS INCUDES FINANCIAL CONTRIBUTIONS TOWARD PRESERVATION WORK ON THE BUILDINGS AND LANDSCAPES, AS WELL AS PRESERVATION COMMITTEE SUPPORT AND PROFESSIONAL WISCONSIN CONNECTIONS IN ORDER TO ENSURE THE INTEGRITY OF THE SITE FOR FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Buck Board Chair | OfficerTrustee | 1 | $0 |
Diane Morgenthaler Board Vice Chair | OfficerTrustee | 1 | $0 |
Alan Brey Board Treasurer | OfficerTrustee | 1 | $0 |
Phillip Prange Board Secretary | OfficerTrustee | 1 | $0 |
Candee Arndt Trustee | Trustee | 1 | $0 |
Mike Huffman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,763,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,763,668 |
| Total Program Service Revenue | $1,748,598 |
| Investment income | $59,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $280,361 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,959,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,009 |
| 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. | $220,813 |
| Compensation of current officers, directors, key employees. | $53,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $971,071 |
| Pension plan accruals and contributions | $15,585 |
| Other employee benefits | $72,108 |
| Payroll taxes | $92,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,774 |
| Advertising and promotion | $71,534 |
| Office expenses | $102,441 |
| Information technology | $17,142 |
| Royalties | $0 |
| Occupancy | $74,207 |
| Travel | $5,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,771 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,027 |
| Insurance | $51,736 |
| All other expenses | $54,557 |
| Total functional expenses | $2,329,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,790 |
| Savings and temporary cash investments | $1,118,353 |
| Pledges and grants receivable | $1,510,000 |
| Accounts receivable, net | $22,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,011 |
| Prepaid expenses and deferred charges | $44,407 |
| Net Land, buildings, and equipment | $748,105 |
| Investments—publicly traded securities | $55,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,135,334 |
| Total assets | $5,811,120 |
| Accounts payable and accrued expenses | $381,879 |
| Grants payable | $0 |
| Deferred revenue | $2,069 |
| 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 | $383,948 |
| Net assets without donor restrictions | $3,878,156 |
| Net assets with donor restrictions | $1,549,016 |
| 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 | $5,811,120 |