Frank Lloyd Wright Foundation
- Assets
- $22.4m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 127
- Location
- Scottsdale, AZ
- Founding
- 11/1983
- Data as of
- 07/2022
- 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 07/2022, Frank Lloyd Wright Foundation employed 127 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 07/2022, Frank Lloyd Wright Foundation generated $12.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $9.3m during the year ending 07/2022. While expenses have increased by 1.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 115,500 INDIVIDUALS VISITED THE HISTORIC SCOTTSDALE, ARIZONA, LANDMARK DURING THE FISCAL YEAR ENDED JULY 31, 2022.
RETAIL STORE; LICENSING PROGRAM; K-12 EDUCATION PROGRAMS; PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Graff CEO & President | Officer | 40 | $270,867 |
Kimberley Valentine VP Of Advancement | 40 | $163,211 | |
Frederick Prozzillo VP Of Preservation | 40 | $131,138 | |
Joy Hanson Vp Of Finance And COO (through 9/24/21) | Officer | 40 | $121,451 |
Nicole Stewart VP Of Public Engagement | 40 | $116,292 | |
Susan Whitmer Vp Chief Finance & Administration Officer | Officer | 40 | $112,956 |
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 | $0 |
| Related organizations | $0 |
| Government grants | $961,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,323,041 |
| Noncash contributions included in lines 1a–1f | $39,097 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,284,570 |
| Total Program Service Revenue | $6,519,506 |
| Investment income | $105,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,180 |
| Net Gain/Loss on Asset Sales | -$10,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,397,403 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,357,928 |
| 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. | $463,068 |
| Compensation of current officers, directors, key employees. | $9,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,560,908 |
| Pension plan accruals and contributions | $8,136 |
| Other employee benefits | $404,501 |
| Payroll taxes | $261,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $194,017 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $992,604 |
| Advertising and promotion | $520,294 |
| Office expenses | $610,389 |
| Information technology | $287,706 |
| Royalties | $0 |
| Occupancy | $550,624 |
| Travel | $49,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $589,115 |
| Insurance | $240,376 |
| All other expenses | $218,358 |
| Total functional expenses | $9,288,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,134 |
| Savings and temporary cash investments | $3,725,652 |
| Pledges and grants receivable | $178,134 |
| Accounts receivable, net | $266,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $275,105 |
| Prepaid expenses and deferred charges | $135,311 |
| Net Land, buildings, and equipment | $9,221,925 |
| Investments—publicly traded securities | $5,609,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,335 |
| Other assets | $2,887,067 |
| Total assets | $22,427,881 |
| Accounts payable and accrued expenses | $487,798 |
| Grants payable | $0 |
| Deferred revenue | $375,698 |
| 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 | $65,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $929,470 |
| Net assets without donor restrictions | $18,218,288 |
| Net assets with donor restrictions | $3,280,123 |
| 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 | $22,427,881 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Frank Lloyd Wright Foundation has recieved totaling $1,157,899.
| Awarding Organization | Amount |
|---|---|
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: SUPPORT THE TRUSTEES' NOW IS THE MOMENT CELEBRATION OF OUR COMMUNITY. | $1,000,000 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: SUPPORT NONPROFIT RECOVERY TO OFFSET COVID-19 CRISIS IMPACTS. | $130,000 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ PURPOSE: EXTEND ORGANIZATIONAL RESILIENCE BUILDING CONSULTING (AGILE REINFORCING RESILIENCE IN ARTS AND CULTURE) | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,100 |
The Other Stratton Foundation Inc Mequon, WI PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Ethel Cox Marden Charitable Foundation McLean, VA PURPOSE: CHARITABLECONTRIBUTION | $2,500 |
Endowment Analysis
| Beg. Balance | $2,766,168 |
| Earnings | -$213,285 |
| Net Contributions | $500,000 |
| Ending Balance | $3,052,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California State University East Bay Foundation Inc Hayward, CA | $25,796,155 | $16,250,485 |
Campus Research Corporation Tucson, AZ | $42,821,356 | $14,706,755 |
Hsdl Llc Provo, UT | $2,946,169 | $10,965,696 |
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $25,245,130 | $13,834,103 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
San Francisco Bay University Fremont, CA | $295,269,122 | $7,298,553 |
Arizona State University Research Park Inc Scottsdale, AZ | $67,696,624 | $12,610,493 |
University Of The West Rosemead, CA | $35,930,246 | $8,666,423 |
Wave Enterprises Inc Malibu, CA | $44,595,796 | $15,038,830 |
South Baylo University Anaheim, CA | $11,124,164 | $3,345,995 |
Lincoln University Oakland, CA | $4,471,602 | $5,245,780 |