Frank Lloyd Wrights Burnham Block Inc
- Assets
- $1.8m
- Revenue
- $61.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 39-1765073
Organization Overview
Frank Lloyd Wrights Burnham Block Inc is located in Milwaukee, WI. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Lloyd Wrights Burnham Block 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 12/2022, Frank Lloyd Wrights Burnham Block Inc generated $61.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $54.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT AND PRESERVE THE HERITAGE OF FRANK LLOYD WRIGHT, HIS VISION AND HIS ARCHITECTURE ON THE BURNHAM BLOCK IN MILWAUKEE, WISCONSIN.
Describe the Organization's Program Activity:
INTERPRETIVE TOURS OF THE FRANK LLOYD WRIGHT HISTORIC SITE ON WEST BURNHAM STREET, MILWAUKEE WISCONSIN KNOWN AS THE BURNHAM BLOCK. THE SITE CONSISTS OF SIX WRIGHT DESIGNED HOMES THAT ARE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE HOMES ARE PART OF A SERIES KNOWN AS THE AMERICAN SYSTEM-BUILT HOMES. THEY REPRESENT WRIGHT'S BROAD APPROACH TO SHELTER ALL AMERICANS IN A BEAUTIFUL HOME. THE BURNHAM BLOCK WELCOMES APPROXIMATELY 5,000 GUESTS ANNUALLY INCLUDING GROUP AND SCHOOL TOURS. TWO OF THE HOMES HAVE BEEN FULLY RESTORED. OUR PLAN IS TO COMPLETE THE RESTORATION OF ALL SIX BUILDINGS.
EDUCATIONAL PUBLICATIONS:1) INFORMATIONAL WEBSITE WRIGHTINMILWAUKEE.ORG 2) THE BURNHAM BLOCK NEWSLETTER3) BURNHAM BLOCK BOOKLET - AN INDEPTH LOOK AT THE HOMES AND THEIR HISTORY
HISTORIC BUILDING RESTORATION PROJECTS AT THE FRANK LLOYD WRIGHT HISTORIC SITE ON WEST BURNHAM STREET, MILWAUKEE WISCONSIN. OUR ORGANIZATION CURRENTLY OWNS FIVE OF THE HOMES. TWO HAVE BEEN RESTORED. FUNDRAISING IS UNDERWAY FOR THE NEXT MAJOR RESTORATION PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lilek President | OfficerTrustee | 1 | $0 |
Tim Frautschi Secretary | OfficerTrustee | 1 | $0 |
Suellen Brahm Director | Trustee | 1 | $0 |
Tim Hoye Director | Trustee | 1 | $0 |
Zachary Willenbrink Director | Trustee | 1 | $0 |
Humberto Sanchez Director | 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 | $54,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,130 |
| Total Program Service Revenue | $27,143 |
| Investment income | $138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$24,670 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,775 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $166 |
| Office expenses | $3,789 |
| Information technology | $4,335 |
| Royalties | $0 |
| Occupancy | $9,266 |
| Travel | $0 |
| 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 | $28,018 |
| Insurance | $5,920 |
| All other expenses | $0 |
| Total functional expenses | $54,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,754 |
| Savings and temporary cash investments | $75,365 |
| 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 | $1,422 |
| Inventories for sale or use | $9,998 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,633,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,783,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $513,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,997 |
| Total liabilities | $515,152 |
| Net assets without donor restrictions | $1,268,304 |
| Net assets with donor restrictions | $0 |
| 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 | $1,783,456 |