2024-11-26T15:36:23-06:00 2024-07-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2023-08-01 860197576 THE FRANK LLOYD WRIGHT FOUNDATION FRAN 4808602700 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 852592537 SCOTT MCDANIEL VP, CHIEF FINANCE/ADMIN OFCR 4808602700 2024-11-26 1 1 STEVEN TALBOT P01695427 5058787200 2024-11-26 2023 2024-10-15 13:58:12Z SCOTT MCDANIEL 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 852592537 13385658 0 X WWW.FRANKLLOYDWRIGHT.ORG X 1965 AZ 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. 12 12 131 77 648704 0 2750054 2045764 5610565 5636519 188901 322368 1419349 1428665 9968869 9433316 0 0 0 0 5887754 6314191 189463 102550 1521659 3849243 4378313 9926460 10795054 42409 -1361738 23237761 22229639 1111962 1080060 22125799 21149579 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. 0 0 3748561 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. 2784361 4383862 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. 2406422 1993941 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. 8939344 1 1 0 0 0 0 1 1 0 1 1 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 131 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA CO DC FL IA IL IN MA MD MI MN MO NJ NY OH OK PA TX VA WA WI X X SCOTT MCDANIEL 6028005412 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 85259 MARK DREHER BOARD CHAIR 5.00 X X 0 0 0 SEAN RUSH BOARD CHAIR (THROUGH 8/15/23) 0.00 X X 0 0 0 DIANA SMITH VICE CHAIR 5.00 X X 0 0 0 ROBERT SKERKER SECRETARY 5.00 X X 0 0 0 JOEL BENKIE SECRETARY (THROUGH 8/15/23) 0.00 X X 0 0 0 TIMOTHY RADDEN TREASURER (THROUGH 7/31/24) 5.00 X X 0 0 0 JOHN ANDERSON TRUSTEE 5.00 X 0 0 0 MICHAEL DESMOND TRUSTEE 5.00 X 0 0 0 BING HU TRUSTEE 5.00 X 0 0 0 CHRISTINA LINDAL TRUSTEE 5.00 X 0 0 0 MICHAEL MILLER TRUSTEE 5.00 X 0 0 0 JASON MORRIS TRUSTEE 5.00 X 0 0 0 ANNE STUPP TRUSTEE (THROUGH 12/15/23) 0.00 X 0 0 0 ASHLEY WILSON TRUSTEE 5.00 X 0 0 0 JULIE WESTRA TRUSTEE 5.00 X 0 0 0 STUART GRAFF CEO & PRESIDENT 40.00 X 306413 0 12304 SUSAN WHITMER VP CHIEF FINANCE & ADMIN OFF. (THRU 7/31/24) 40.00 X 168562 0 17141 FREDERICK PROZZILLO VP OF PRESERVATION 40.00 X 147663 0 24435 NICOLE STEWART VP OF PUBLIC ENGAGEMENT 40.00 X 166392 0 21754 KIMBERLEY VALENTINE VP OF ADVANCEMENT 40.00 X 176697 0 7629 JENNIFER GRAY VP OF TALIESIN INSTITUTE 1.00 X 118125 0 23176 LEWIS MILLS DIR. OF ACCOUNTING (THRU 1/12/24) 1.00 X 105169 0 9878 1189021 0 116317 8 0 1 0 0 10000 324621 1711143 3943 2045764 PUBLIC TOURS & ACCESS 561520 4383862 4383862 LICENSING PROGRAM 900099 1074504 1074504 EDUCATIONAL OUTREACH 900099 128153 128153 ANNUAL ACCESS FEE 900099 50000 50000 5636519 251307 251307 38140 0 38140 38140 38140 2750674 2679613 71061 71061 71061 70500 10000 69963 537 537 2592754 1202766 1389988 741284 648704 9433316 6377803 648704 361045 518501 428483 12892 77126 4815075 3979124 119719 716232 52757 47122 1350 4285 552831 486916 14072 51843 375027 309918 9324 55785 52277 37096 1011 14170 32438 32438 102550 102550 28926 28926 903957 737273 20103 146581 400864 315004 7634 78226 621555 510518 3706 107331 369183 273675 16084 79424 195129 186062 3312 5755 71932 57272 2872 11788 1587 1495 7 85 590453 541919 31289 17245 251326 196295 27024 28007 REPAIRS AND MAINTENANCE 643982 643088 439 455 PROGRAM EXPENSES 52930 33484 267 19179 DUES AND SUBSCRIPTIONS 32569 25577 1485 5507 129205 129023 97 85 10795054 8939344 334051 1521659 59961 152971 872514 555917 95915 239394 246647 22000 296381 247509 135796 163865 24155095 11964690 10517838 12190405 8014995 5659742 38335 38457 2959379 2959379 23237761 22229639 796771 840233 262211 202592 52980 37235 1111962 1080060 X 18213204 17464039 3912595 3685540 22125799 21149579 23237761 22229639 -1361738 385518 0 X 0 1 X 1 0 X 3654034 4485317 4284570 2750054 2045764 17219739 3654034 4485317 4284570 2750054 2045764 17219739 4554782 12664957 111958 112409 166566 259753 289447 940133 20177 216538 5069 0 241784 18401656 30799287 0.68830 0.69540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 4 551.00 2 0 0 2 1 32047.00 2464499 1 0 2959379 0 0 X X X X 0 3234908 365436 34000 3566344 3052883 215025 33000 3234908 2766168 500000 -213285 3052883 2647799 165705 47336 2766168 594571 1989636 91592 28000 2647799 0.41000 0.33000 0.26000 0 0 878026 878026 12354216 7059926 5294290 5683919 3905278 1778641 5238934 999486 4239448 12190405 ARCHIVES, ART OBJECTS, AND DRAWING LIBRARY COLLECTION 2959379 2959379 X 11072637 385518 10000 1272729 1668247 9404390 28926 28926 9433316 12048857 10000 1272729 1282729 10766128 28926 28926 10795054 PART II, LINE 9: THE CONSERVATION AND HISTORIC STRUCTURE EASEMENTS WERE PUT IN PLACE BY THE FOUNDATION ON PROPERTY WHERE TITLE WAS ALREADY HELD. THE EXPENSES ASSOCIATED WITH PLACING THE EASEMENTS WERE EXPENSED AS INCURRED. THE REAL PROPERTIES UPON WHICH THE EASEMENTS WERE PLACED ARE CARRIED ON THE FOUNDATION'S BOOKS AT HISTORIC COST. PART III, LINE 4: THE MAJORITY OF THE COLLECTIONS ARE PERSONAL ARTWORK AND DECORATIVE ITEMS ACQUIRED BY THE LATE FRANK LLOYD WRIGHT. THE COLLECTIONS ARE AVAILABLE BY APPOINTMENT FOR RESEARCH, EXHIBITION AND PUBLICATION. PART V, LINE 4: THE ENDOWMENT FUNDS ARE COMPRISED OF FUNDS FOR THREE PURPOSES: 1) A FUND THE PURPOSE OF WHICH IS TO CONSERVE THE TALIESIN PROPERTY; 2) TWO FUNDS THE PURPOSE OF WHICH ARE TO SUPPORT TWO STAFF POSITIONS IN THE FOUNDATION'S PRESERVATION DEPARTMENT. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS AN ARIZONA NONPROFIT ORGANIZATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION FILES ANNUALLY A RETURN OF ORGANIZATIONS EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS GENERALLY SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 1,202,766. FUNDRAISING EXPENSE RECLASS 69,963. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 1,202,766. FUNDRAISING EXPENSE RECLASS 69,963. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES LICENSING REVENUES EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES LICENSING REVENUES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL X X X X X X 1 THE PHOENIX PHILANTHROPY GROUP 3301 EAST GLENROSA AVE PHOENIX AZ 85018 CAPITAL CAMPAIGN CONSULTING 0 0 96000 -96000 THE STELTER COMPANY PO BOX 5228 DES MOINES IA 50305 DIGITAL FUNDRAISING 0 0 6550 -6550 102550 -102550 AZ CA CO DC FL IA IL IN MA MD MI MN MO NJ NY OH OK PA TX VA WA WI 2024 GALA 80500 10000 70500 19104 28347 5500 17012 80500 10000 70500 19104 28347 5500 17012 69963 537 X X X 0 0 0 0 0 0 0 0 0 STUART GRAFF CEO & PRESIDENT 306413 0 0 0 0 0 2511 0 9793 0 318717 0 0 0 NICOLE STEWART VP OF PUBLIC ENGAGEMENT 166392 0 0 0 0 0 1191 0 20563 0 188146 0 0 0 SUSAN WHITMER VP CHIEF FINANCE & ADMIN OFF. (THRU 7/31/24) 168562 0 0 0 0 0 1119 0 16022 0 185703 0 0 0 KIMBERLEY VALENTINE VP OF ADVANCEMENT 176697 0 0 0 0 0 0 0 7629 0 184326 0 0 0 FREDERICK PROZZILLO VP OF PRESERVATION 147663 0 0 0 0 0 1547 0 22888 0 172098 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 AND RELATED SCHEDULES IS E-MAILED TO ALL MEMBERS OF THE AUDIT COMMITTEE FOR REVIEW. UPON CONFIRMATION THAT THE AUDIT COMMITTEE DOES NOT RECOMMEND ANY FURTHER CHANGES, THE RETURN IS PROVIDED TO THE ENTIRE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY MUST BE CONSULTED AND SATISFIED PRIOR TO ENTERING INTO ANY TRANSACTION OR ARRANGEMENT COVERED BY THE POLICY. POTENTIAL CONFLICTS ARE REVIEWED BY THE NON-CONFLICTED TRUSTEES OR COMMITTEE MEMBERS, AND THEY SHALL DECIDE IF A CONFLICT EXISTS. IF A CONFLICT IS DETERMINED TO EXIST, THE FOUNDATION WILL EXPLORE CONFLICT-FREE OPTIONS, AND IF SUCH OPTIONS ARE FEASIBLE, THEN THE DISINTERESTED TRUSTEES VOTE ON WHETHER OR NOT TO ENTER INTO THE CONFLICTED TRANSACTION OR ARRANGEMENT. THE OFFICERS, TRUSTEES AND EMPLOYEES OF THE FOUNDATION ANNUALLY ACKNOWLEDGE THE POLICY AND DISCLOSE ANY INTEREST WHICH MAY BE IN CONFLICT IN WRITING. FORM 990, PART VI, SECTION B, LINE 15 FOR ALL SENIOR MANAGEMENT POSITIONS, THE FOUNDATION CONSULTS MARKET SURVEYS, AND EMPLOYS COMPARABILITY ANALYSIS IN THE DETERMINATION OF APPROPRIATE COMPENSATION. THE BOARD APPROVES THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAINTAINS A COPY OF ITS FORM 990 ON ITS OWN WEBSITE, LOCATED AT WWW.FRANKLLOYDWRIGHT.ORG, AS WELL AS LISTING IT ON GUIDESTAR.ORG. THE RETURN IS ALWAYS IMMEDIATELY AVAILABLE UPON REQUEST. THE FOUNDATION'S ANNUAL REPORT IS POSTED ON THE COMPANY WEBSITE AND INCLUDES FINANCIAL INFORMATION. THE WEBSITE ALSO INCLUDES THE FOUNDATION'S MISSION AND VISION STATEMENT, AND LISTINGS OF THE BOARD OF TRUSTEES. ALL GOVERNING, TAXATION AND FINANCIAL DOCUMENTS, REQUIRED TO BE MADE PUBLIC, ARE AVAILABLE UPON WRITTEN, E-MAILED OR TELEPHONE REQUEST, OR IF REQUESTED IN PERSON, AT THE COMPANY'S HEADQUARTERS IN SCOTTSDALE, ARIZONA.