2018-11-26T16:47:55-06:00 2018-07-31 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2017-08-01 860197576 THE FRANK LLOYD WRIGHT FOUNDATION FRAN 4808602700 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 852592537 JOY HANSON COO/VP- FINANCE & ADMIN. 4808602700 2018-11-26 1 PAMELA ALEXANDERSON P01218925 5058787200 2018-11-20 12.129.7.100 2018-11-26 16:12:52 MS P 29A2F7F31914CA2082DB6C4AB213CD97055F4B2C B42E819D00EA3FB217DBD1B5F0A4C86A4E06413A 2017 2019-02-21 02:37:17Z STUART GRAFF 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 852592537 8967709 0 X WWW.FRANKLLOYDWRIGHT.ORG X 1965 AZ PRESERVING TALIESIN AND TALIESIN WEST FOR FUTURE GENERATIONS, AND INSPIRING SOCIETY THROUGH AN UNDERSTANDING AND EXPERIENCE OF FRANK LLOYD WRIGHT'S IDEAS, ARCHITECTURE AND DESIGN. 14 14 143 72 0 0 719033 1795583 3235905 4969737 -74437 74408 637872 1111934 4518373 7951662 0 50000 0 0 2925937 3978706 18250 0 805516 2547087 3622905 5491274 7651611 -972901 300051 17837860 16054916 940051 868574 16897809 15186342 X PRESERVING TALIESIN AND TALIESIN WEST FOR FUTURE GENERATIONS, AND INSPIRING SOCIETY THROUGH AN UNDERSTANDING AND EXPERIENCE OF FRANK LLOYD WRIGHT'S IDEAS, ARCHITECTURE AND DESIGN. 0 1 1779810 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. 1448257 3603113 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 109,000 INDIVIDUALS VISITED THE HISTORIC SCOTTSDALE, ARIZONA, LANDMARK DURING THE FISCAL YEAR ENDED JULY 31, 2018. 3325298 50000 2361432 RETAIL STORE; LICENSING PROGRAM; K - 12 EDUCATION PROGRAMS, OUTREACH, PARTNERSHIPS, AND PUBLICATIONS 6553365 1 1 0 0 0 0 1 1 0 0 1 0 0 1 0 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 87 0 1 143 1 0 0 0 0 0 1 1 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 CO FL MD MI MN NJ NY OH PA WA WI MA X X JOY HANSON 6028005441 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 85259 JOEL BENKIE TRUSTEE 10.00 X 0 0 0 SUSAN JACOBS-LOCKHART TRUSTEE 10.00 X 0 0 0 CATHERINE LENHART TRUSTEE 10.00 X 0 0 0 TK MCCLINTOCK TRUSTEE 10.00 X 0 0 0 CHRISTOPHER THOMPSON TRUSTEE 10.00 X 0 0 0 ROBERT SKERKER TRUSTEE 10.00 X 0 0 0 MICHAEL DESMOND TRUSTEE 10.00 X 0 0 0 TIMOTHY RADDEN TRUSTEE 10.00 X 0 0 0 HEATHERINGTON LENKIN TRUSTEE 10.00 X 0 0 0 ANNE STUPP TRUSTEE 10.00 X 0 0 0 MAJA WESSELS CHAIR 10.00 X X 0 0 0 ALANNA MACK VICE CHAIR 10.00 X X 0 0 0 RAY LIPMAN TREASURER 10.00 X X 0 0 0 SEAN RUSH SECRETARY 10.00 X X 0 0 0 STUART GRAFF CEO & PRESIDENT 40.00 X 260561 0 7015 JOY HANSON VP OF FINANCE & COO 40.00 X 68721 0 4627 DAVID OATES DIR. OF LICENSING (THRU 11/17) 40.00 X 133705 0 6514 RACHEL OESTERLE VP OF DEVELOPMENT (THRU 11/17) 40.00 X 152319 0 5283 615306 0 23439 3 0 1 0 0 104350 1691233 162178 1795583 PUBLIC TOURS & ACCESS 561520 3603113 3603113 LICENSING PROGRAM 900099 1085836 1085836 EDUCATIONAL OUTREACH 900099 230506 230506 ANNUAL ACCESS FEE 900099 50282 50282 4969737 63102 63102 118933 0 118933 118933 118933 54709 43403 11306 11306 11306 44625 104350 46432 -1807 -1807 1921020 926212 994808 994808 7951662 5964545 0 191534 50000 50000 420719 353404 16829 50486 2985144 2497425 115402 372317 15079 12737 288 2054 318202 281200 11589 25413 239562 204594 4714 30254 46183 43692 2491 38900 38900 347038 301326 17404 28308 249784 225858 3268 20658 174198 143504 1654 29040 141188 107224 14222 19742 672095 663405 3278 5412 72286 59389 3836 9061 635637 597548 26219 11870 178071 141880 22851 13340 RESERVATION EXPENSE 274384 274384 SUPPLIES 127122 119298 1914 5910 BAD DEBT 100000 100000 INTEREST & MERCHANT FEE 84585 73999 3523 7063 481434 302498 4348 174588 7651611 6553365 292730 805516 460268 491509 732309 40345 737054 256120 208381 228970 203843 58861 156325 18626098 8834657 9776739 9791441 2808486 2382980 2779053 2780092 17837860 16054916 507791 687358 198029 104762 234231 76454 940051 868574 X 15019309 14611415 1467273 574927 411227 0 16897809 15186342 17837860 16054916 X 300051 43184 82555 -142921 -1994336 X 0 1 X 1 0 X 1955381 2543139 1688252 719033 1795583 8701388 1955381 2543139 1688252 719033 1795583 8701388 1560984 7140404 103628 106424 114765 73098 182035 579950 9281338 31263468 0.76930 X PART II, SHORT YEAR EXPLANATION: A SHORT YEAR RETURN WAS FILED FOR THE PERIOD JANUARY 1, 2017 THROUGH JULY 31, 2017. X X 4 551.00 2 0 0 2 1 26314.00 2180370 1 2780092 X X X X 0 870573 870573 11147323 5580384 5566939 4791746 2628187 2163559 1816456 626086 1190370 9791441 ARCHIVES, ART OBJECTS, AND DRAWING LIBRARY COLLECTION 2780092 2780092 X 9053745 43184 86255 972644 1102083 7951662 0 7951662 8627955 3700 972644 976344 7651611 0 7651611 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 X, LINE 2: THE FRANK LLOYD WRIGHT 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. MANAGEMENT HAS DETERMINED THE FOUNDATION HAS NO TAXABLE UNRELATED BUSINESS INCOME AND IT HAS NOT FILED THE EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (IRS FORM 990-T). 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 926,212. FUNDRAISING EXPENSE 46,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 926,212. FUNDRAISING EXPENSE 46,432. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES 3 LICENSING CONTRACTS- REVENUE RECEIVED $193,772 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES 3 LICENSING CONTRACTS- REVENUE RECEIVED $104,466 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GALA 148975 104350 44625 9578 3500 33354 148975 104350 44625 9578 3500 33354 46432 -1807 1 THE SCHOOL OF ARCHITECTURE AT TALIESIN 12621 N FRANK LLOYD WRIGHT BLVD SCOTTSDALE AZ 85259 821898299 501C3 50000 THE FOUNDATION IS A PASS-THROUGH FROM THE DONOR TO THE SCHOOL. 1 0 PART I, LINE 2: THE GRANT PROVIDED WAS AT THE REQUEST OF THE DONOR AS THE FOUNDATION WAS A CONDUIT FOR PAYMENT TO THE SCHOOL OF ARCHITECTURE AT TALIESIN. X 0 0 0 0 0 0 0 0 0 STUART GRAFF CEO & PRESIDENT 260561 0 0 0 0 0 2263 0 4752 0 267576 0 0 0 RACHEL OESTERLE VP OF DEVELOPMENT (THRU 11/17) 152319 0 0 0 0 0 0 0 5283 0 157602 0 0 0 X 3 50982 FMV OR SELLING PRICE X MATERIALS FOR HISTORICAL SITE IMPROVEMENTS 2 109661 FMV OR SELLING PRICE X OFFICE SUPPLIES 1 1535 FMV OR SELLING PRICE 0 0 1 0 FORM 990, PART III, LINE 3 THE FRANK LLOYD WRIGHT SCHOOL OF ARCHITECTURE IS NO LONGER INTEGRATED WITH THE FRANK LLOYD WRIGHT FOUNDATION. IT WAS SPUN OFF INTO A SEPARATE 501(C)3 ORGANIZATION ON 8/1/2017. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRMAN, VICE CHAIR, TREASURER, SECRETARY, AND A MEMBER-AT-LARGE, AS WELL AS THE PRESIDENT/CEO (WHO IS NON-VOTING). THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO GIVE DIRECTIONS TO STAFF, MAKE DECISIONS FOR THE ENTIRE BOARD, AND MAY ENTER INTO CONTRACTS OR MAKE AGREEMENTS, IF NEEDED. IN PRACTICE, THE ENTIRE BOARD WILL BE CALLED FOR MATERIAL TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 AND RELATED SCHEDULES ARE EMAILED TO ALL MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW. UPON CONFIRMATION THAT THE FINANCE 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. THIS PROCESS IS DONE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAINTAINS A COPY OF ITS FORM 990 ON ITS OWN WEBSITE, LOCATED AT WWWW.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. FORM 990, PART XI, LINE 9: THE SCHOOL OF ARCHITECTURE AT TALIESIN WAS ESTABLISHED AS A SEPARATE LEGAL ENTITY EFFECTIVE 8/1/17, & IS NO LONGER CONSOLIDATED WITH THE FOUNDATION. AS PRIOR YEAR FINANCIAL STATEMENTS INCLUDED SCHOOL NET ASSETS, THE FINANCIAL STATEMENTS NEEDED TO BE ADJUSTED TO REFLECT ONLY THE NET ASSETS OF THE FOUNDATION. -1,994,336.