Frank Lloyd Wright Foundation
- Assets
- $22.2m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 131
- Location
- Scottsdale, AZ
- Founding
- 11/1983
- Data as of
- 07/2024
- EIN
- 86-0197576
Organization Overview
Frank Lloyd Wright Foundation is located in Scottsdale, AZ. The organization was established in 1983. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2024, Frank Lloyd Wright Foundation employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Lloyd Wright Foundation 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 07/2024, Frank Lloyd Wright Foundation generated $9.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $10.8m during the year ending 07/2024. While expenses have increased by 2.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FRANK LLOYD WRIGHT FOUNDATION INSPIRES PEOPLE TO DISCOVER AND EMBRACE AN ARCHITECTURE FOR BETTER LIVING THROUGH MEANINGFUL CONNECTIONS TO NATURE, THE ARTS, AND EACH OTHER.
Describe the Organization's Program Activity:
BUILDING PRESERVATION - THE FRANK LLOYD WRIGHT FOUNDATION INVESTS CAPITAL AND CONSIDERABLE EFFORTS IN ORDER TO PROTECT, MAINTAIN, AND RESTORE THE ARCHITECTURALLY HISTORIC STRUCTURES AND SPACES THAT COMPRISE ITS CAMPUSES IN BOTH SCOTTSDALE, ARIZONA, AND SPRING GREEN, WISCONSIN.
PUBLIC TOURS AND ACCESS PROGRAM - THE FRANK LLOYD WRIGHT FOUNDATION OFFERS TOURS AND EDUCATIONAL OUTREACH PROGRAMS TO INCREASE PUBLIC AWARENESS OF THE WORK OF FRANK LLOYD WRIGHT AND THE FIELD OF ARCHITECTURE. ABOUT 101,000 INDIVIDUALS VISITED THE HISTORIC SCOTTSDALE, ARIZONA, LANDMARK DURING THE FISCAL YEAR ENDED JULY 31, 2024.
THE FRANK LLOYD WRIGHT FOUNDATION SELLS PRODUCTS THROUGH ITS PHYSICAL RETAIL STORE AND ONLINE STORE; LICENSES ITS INTELLECTUAL PROPERTY TO OTHERS AND EARNS ROYALTIES FROM THE SALE OF LICENSED PRODUCTS OR THE USE OF THE RIGHTS; AND PRODUCES IN-PERSON AND ONLINE EDUCATIONAL PROGRAMS FOR YOUTH AND ADULT PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dreher Board Chair | OfficerTrustee | 5 | $0 |
Sean Rush Board Chair (through 8/15/23) | OfficerTrustee | 0 | $0 |
Diana Smith Vice Chair | OfficerTrustee | 5 | $0 |
Robert Skerker Secretary | OfficerTrustee | 5 | $0 |
Joel Benkie Secretary (through 8/15/23) | OfficerTrustee | 0 | $0 |
Timothy Radden Treasurer (through 7/31/24) | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heidrick & Struggles Inc Executive Search Services | 12/30/15 | $122,350 |
Courier Graphics Corporation Printing & Production Services | 12/30/15 | $106,497 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,000 |
| Related organizations | $0 |
| Government grants | $324,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,711,143 |
| Noncash contributions included in lines 1a–1f | $3,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,045,764 |
| Total Program Service Revenue | $5,636,519 |
| Investment income | $251,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,140 |
| Net Gain/Loss on Asset Sales | $71,061 |
| Net Income from Fundraising Events | $537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,389,988 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,433,316 |
| 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. | $518,501 |
| Compensation of current officers, directors, key employees. | $12,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,815,075 |
| Pension plan accruals and contributions | $52,757 |
| Other employee benefits | $552,831 |
| Payroll taxes | $375,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,277 |
| Fees for services: Accounting | $32,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $102,550 |
| Fees for services: Investment Management | $28,926 |
| Fees for services: Other | $903,957 |
| Advertising and promotion | $400,864 |
| Office expenses | $621,555 |
| Information technology | $369,183 |
| Royalties | $0 |
| Occupancy | $195,129 |
| Travel | $71,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590,453 |
| Insurance | $251,326 |
| All other expenses | $129,205 |
| Total functional expenses | $10,795,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,971 |
| Savings and temporary cash investments | $555,917 |
| Pledges and grants receivable | $239,394 |
| Accounts receivable, net | $22,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $247,509 |
| Prepaid expenses and deferred charges | $163,865 |
| Net Land, buildings, and equipment | $12,190,405 |
| Investments—publicly traded securities | $5,659,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,457 |
| Other assets | $2,959,379 |
| Total assets | $22,229,639 |
| Accounts payable and accrued expenses | $840,233 |
| Grants payable | $0 |
| Deferred revenue | $202,592 |
| 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 | $37,235 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,080,060 |
| Net assets without donor restrictions | $17,464,039 |
| Net assets with donor restrictions | $3,685,540 |
| 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 | $22,229,639 |