2023-12-05T15:26:07-06:00 2023-07-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2022-08-01 860197576 THE FRANK LLOYD WRIGHT FOUNDATION FRAN 4808602700 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 852592537 SUSAN WHITMER VP, CHIEF FINANCE/ADMIN OFCR 4808602700 2023-12-05 1 SUSAN WHITMER 999009999 1 STEVEN TALBOT P01695427 5058787200 2023-12-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STUART GRAFF 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 852592537 13113390 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. 14 14 138 85 601756 5069 4284570 2750054 6519506 5610565 95269 188901 1458583 1419349 12357928 9968869 0 0 0 0 4697964 5887754 194017 189463 1409475 4396281 3849243 9288262 9926460 3069666 42409 22427881 23237761 929470 1111962 21498411 22125799 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 3266782 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. 2630764 4172427 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 103,100 INDIVIDUALS VISITED THE HISTORIC SCOTTSDALE, ARIZONA, LANDMARK DURING THE FISCAL YEAR ENDED JULY 31, 2023. 2328772 2227692 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. 8226318 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 1 0 0 0 0 0 0 0 0 1 59 0 1 138 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 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 SUSAN WHITMER 6028005412 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 85259 SEAN RUSH BOARD CHAIR 5.00 X X 0 0 0 MARK DREHER VICE CHAIR 5.00 X X 0 0 0 DIANA SMITH VICE CHAIR 5.00 X X 0 0 0 JOEL BENKIE SECRETARY 5.00 X X 0 0 0 TIMOTHY RADDEN TREASURER 5.00 X X 0 0 0 TK MCCLINTOCK VICE CHAIR (THROUGH 08/26/22) 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 ROBERT SKERKER TRUSTEE 5.00 X 0 0 0 ANNE STUPP TRUSTEE 5.00 X 0 0 0 ASHLEY WILSON TRUSTEE 5.00 X 0 0 0 STUART GRAFF CEO & PRESIDENT 40.00 X 285402 0 10104 SUSAN WHITMER VP CHIEF FINANCE & ADMINISTRATION OFFICER 40.00 X 144848 0 13755 FREDERICK PROZZILLO VP OF PRESERVATION 40.00 X 139897 0 19019 NICOLE STEWART VP OF PUBLIC ENGAGEMENT 40.00 X 155160 0 20402 KIMBERLEY VALENTINE VP OF ADVANCEMENT 40.00 X 165230 0 6154 TERRY BARBER DIR. OF ACCOUNTING (THRU 10/25/22) 40.00 X 104535 0 6557 995072 0 75991 6 0 1 0 0 15750 205235 2529069 39440 2750054 PUBLIC TOURS & ACCESS 561520 4172427 4172427 LICENSING PROGRAM 900099 1271675 1271675 EDUCATIONAL OUTREACH 900099 116463 116463 ANNUAL ACCESS FEE 900099 50000 50000 5610565 206253 206253 53500 0 53500 53500 53500 1830823 1845446 2729 -14623 -2729 -17352 -17352 17501 15750 42962 -25461 -25461 2644694 1253384 1391310 789554 601756 9968869 6400119 601756 216940 483492 396463 9670 77359 4446979 3630106 112986 703887 12277 10852 645 780 585644 495849 13017 76778 359362 295302 7924 56136 29600 29600 189463 189463 791664 745296 24017 22351 407988 367911 2837 37240 672592 562929 3872 105791 256679 196976 12481 47222 498301 487931 4318 6052 100013 83558 3586 12869 2550 2399 12 139 558598 512682 29601 16315 252214 194893 29514 27807 PROGRAM EXPENSES 64105 62308 674 1123 UNRELATED BUSINESS INCO 32481 32481 DUES AND SUBSCRIPTIONS 30200 23591 1320 5289 152258 124791 4593 22874 9926460 8226318 290667 1409475 90134 59961 3725652 872514 178134 95915 266854 246647 275105 296381 135311 135796 21892078 11374240 9221925 10517838 5609364 8014995 38335 38335 2887067 2959379 22427881 23237761 487798 796771 375698 262211 65974 52980 929470 1111962 X 18218288 18213204 3280123 3912595 21498411 22125799 22427881 23237761 X 42409 274820 310159 0 X 0 1 X 1 0 X 2504756 3654034 4485317 4284570 2750054 17678731 2504756 3654034 4485317 4284570 2750054 17678731 4685853 12992878 102306 111958 112409 166566 259753 752992 9493 20177 216538 5069 251277 18683000 30346642 0.69540 0.70480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 4 551.00 2 0 0 2 1 31768.00 2150291 1 0 2959379 0 0 X X X X 0 3052883 215025 33000 3234908 2766168 500000 -213285 3052883 2647799 165705 47336 2766168 594571 1989636 91592 28000 2647799 594571 594571 0.14300 0.64700 0.21000 0 0 878026 878026 11680335 6806271 4874064 5516271 3641822 1874449 3817446 926147 2891299 10517838 ARCHIVES, ART OBJECTS, AND DRAWING LIBRARY COLLECTION 2959379 2959379 X 11860194 274820 10000 1606505 1891325 9968869 0 9968869 11232806 10000 1296346 1306346 9926460 0 9926460 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 1,253,384. EMPLOYEE RETENTION CREDIT INCLUDED IN REVENUE 310,159. FUNDRAISING EXPENSE RECLASS 42,962. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 1,253,384. FUNDRAISING EXPENSE RECLASS 42,962. 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 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 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 PART III ACCOUNTING METHOD: X X X X X X 1 THE PHOENIX PHILANTHROPY GROUP 3301 EAST GLENROSA AVE PHOENIX AZ 85018 CAPITAL CAMPAIGN CONSULTING 0 0 162000 -162000 COMPREHENSIVE PROSPECT RESEARCH PO BOX 2274 MT PLEASANT SC 29464 WEALTH SCREENINGS AND IDENTIFCATION OF NEW PROSPECTS 0 0 15725 -15725 THE STELTER COMPANY PO BOX 5228 DES MOINES IA 50305 DIGITAL FUNDRAISING 0 0 6300 -6300 BOODLE INC 1751 PINNACLE DR STE 1000 TYSONS VA 22102 FUNDRAISING PLATFORM FOR IDENTIFICATION OF NEW PROSPECTS 0 0 5438 -5438 189463 -189463 AZ CA CO DC FL IA IL IN MA MD MI MN MO NJ NY OH OK PA TX VA WA WI MOONLIGHT & MUSIC 33251 15750 17501 6853 15045 2000 19064 33251 15750 17501 6853 15045 2000 19064 42962 -25461 X X X 0 0 0 0 0 0 0 0 0 STUART GRAFF CEO & PRESIDENT 285402 0 0 0 0 0 2896 0 7208 0 295506 0 0 0 NICOLE STEWART VP OF PUBLIC ENGAGEMENT 155160 0 0 0 0 0 1003 0 19399 0 175562 0 0 0 KIMBERLEY VALENTINE VP OF ADVANCEMENT 165230 0 0 0 0 0 0 0 6154 0 171384 0 0 0 FREDERICK PROZZILLO VP OF PRESERVATION 139897 0 0 0 0 0 1474 0 17545 0 158916 0 0 0 SUSAN WHITMER VP CHIEF FINANCE & ADMINISTRATION OFFICER 144848 0 0 0 0 0 1474 0 12281 0 158603 0 0 0 X 2 38540 FMV ON DATE OF GIFT X TOOLS 1 900 COST 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 AND RELATED SCHEDULES ARE EMAILED 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. PART XI, LINE 8 THE FOUNDATION RECEIVED AN EMPLOYEE RETENTION TAX CREDIT DURING 2022-23 FOR THE SECOND AND THIRD QUARTERS OF 2020. THE AMOUNT OF THE CREDIT IS NOT BEING INCLUDED IN REVENUE FOR 2022-23 BUT INSTEAD IS BEING SHOWN AS A PRIOR PERIOD ADJUSTMENT IN PART XI, LINE 8.