2015-07-13T11:39:21-05:00 2014-12-31 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE SUITE 400 PHOENIX AZ 850044527 990 2014-01-01 860197576 FRANK LLOYD WRIGHT FOUNDATION FRAN 4808602700 PO BOX 4430 SCOTTSDALE AZ 852614430 LISA MURPHY VP OF FINANCE/COO 4808602700 2015-07-06 1 BRENDA A BLUNT P00075126 6022645844 2015-06-29 2014 2016-02-25 16:41:14Z SEAN MALONE PO BOX 4430 SCOTTSDALE AZ 852614430 9945262 0 X WWW.FRANKLLOYDWRIGHT.ORG X 1965 AZ PRESERVE AND STEWARD TALIESIN, TALIESIN WEST, AND THE TALIESIN COLLECTIONS. (CONT'D ON SCH. O) SHAPE ARCHITECTURE AND DESIGN AT THE HIGHEST LEVEL. TRANSFORM PEOPLE'S LIVES THROUGH THE LIVING EXPERIENCE OF FRANK LLOYD WRIGHT'S BODY OF WORK. 17 17 170 70 0 0 984042 1955381 5498235 5047155 44480 96727 1037790 989470 7564547 8088733 0 0 0 0 4151618 4602099 0 0 342222 3685343 3898474 7836961 8500573 -272414 -411840 20116286 19530889 1873056 1517984 18243230 18012905 X PRESERVE AND STEWARD TALIESIN, TALIESIN WEST, AND THE TALIESIN COLLECTIONS. SHAPE ARCHITECTURE AND DESIGN AT THE HIGHEST LEVEL. TRANSFORM PEOPLE'S LIVES THROUGH THE LIVING EXPERIENCE OF FRANK LLOYD WRIGHT'S BODY OF WORK. 0 0 1731851 0 BUILDING PRESERVATION - THE FRANK LLOYD WRIGHT FOUNDATION INVESTS CAPITAL AND CONSIDERABLE EFFORT 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. 2656796 688530 FRANK LLOYD WRIGHT FOUNDATION SCHOOL OF ARCHITECTURE - THE FOUNDATION OFFERS A FULLY ACCREDITED MASTERS DEGREE PROGRAM IN ARCHITECTURE TO APPROXIMATELY 17 STUDENTS ANNUALLY. 1185255 2871552 PUBLIC TOURS AND ACCESS PROGRAM - THE FRANK LLOYD WRIGHT FOUNDATION OFFERS TOURS AND EDUCATIONAL OUTREACH PROGRAMS TO INCREASE PUBLIC AWARENESS OF THE WORKS OF FRANK LLOYD WRIGHT AND THE FIELD OF ARCHITECTURE. ABOUT 95,500 INDIVIDUALS VISIT THE HISTORIC SCOTTSDALE, ARIZONA LANDMARK ANNUALLY. 2298894 2390039 BOOKSTORE - LICENSING PROGRAM - COLLECTIONS AND EXHIBITIONS - K-12 EDUCATION PROGRAMS - MISCELLANEOUS PROGRAM - 2298894 2390039 7872796 1 1 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 115 0 1 170 1 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X X LISA MURPHY 4806275384 PO BOX 4430 SCOTTSDALE AZ 85261 MICHAEL BIERUT TRUSTEE 10.00 X 0 0 0 JOHN DICIURCIO TRUSTEE 10.00 X 0 0 0 JANICE JERDE TRUSTEE 10.00 X 0 0 0 REED KROLOFF TRUSTEE 10.00 X 0 0 0 NEIL LEVINE TRUSTEE 10.00 X 0 0 0 SUSAN JACOBS LOCKHART TRUSTEE 10.00 X 0 0 0 CARMEN LONSTEIN TRUSTEE 10.00 X 0 0 0 DOUG MORELAND TRUSTEE 10.00 X 0 0 0 JOHN STUBBS TRUSTEE 10.00 X 0 0 0 THOMAS WRIGHT TRUSTEE 10.00 X 0 0 0 STEVEN ZYLSTRA TRUSTEE 10.00 X 0 0 0 RAY LIPMAN TRUSTEE 10.00 X 0 0 0 JEFFREY GRIP CHAIRMAN 10.00 X X 0 0 0 ALANNA MACK TREASURER 10.00 X X 0 0 0 JOHN CUMMERFORD SECRETARY 10.00 X X 0 0 0 DONALD FAIRWEATHER VICE CHAIR 10.00 X X 0 0 0 DAVID MOHNEY VICE CHAIR 10.00 X X 0 0 0 SEAN MALONE CEO & PRESIDENT 40.00 X X 262122 0 26975 LISA MURPHY VP OF FINANCE/COO 40.00 X 176639 0 8495 DOTTIE O'CARROLL VP OF DEVELOPMENT 40.00 X 160996 0 1500 599757 0 36970 3 0 1 0 THERMODYNAMICS 112 N LEXINGTON STREET BOX 25 SPRING GREEN WI 53588 COMMERCIAL HEATING, COOLING, VENTILATION 131488 1 1955381 201675 1955381 PUBLIC TOURS & ACCESS 561520 2870602 2870602 LICENSING PROGRAM 900099 1161051 1161051 ARCHITECTURAL SCHOOL TUITION & FE 611110 663037 663037 COLLECTIONS & EXHIBITIONS 900099 196781 196781 K-12 EDUCATION PROGRAMS 611710 77764 77764 77920 77920 5047155 36005 36005 67623 0 67623 67623 67623 1054592 993870 60722 60722 60722 1784506 862659 921847 921847 8088733 5969002 0 164350 636728 527083 82075 27570 3248395 3101047 38834 108514 407549 372006 10901 24642 309427 256824 40226 12377 75985 75985 570844 556601 11290 2953 238115 233444 3172 1499 118187 96723 9019 12445 68125 68125 206551 202237 2096 2218 156267 145888 6547 3832 94764 85510 6039 3215 530373 509032 15592 5749 191963 161241 25225 5497 PROGRAM & SPECIAL ACTIV 507450 442326 15225 49899 SUPPLIES 377587 368965 4676 3946 REPAIRS & MAINTENANCE 376627 374127 2053 447 MISCELLANEOUS 152906 101025 7343 44538 232730 194607 5242 32881 8500573 7872796 285555 342222 56897 132307 1015264 919255 656125 2001935 716852 1770868 1922725 490347 492950 165571 215991 16754205 6922250 9100570 9831955 2906000 2016776 2608834 2625953 20116286 19530889 886049 621580 325960 299995 97455 68802 563592 527607 1873056 1517984 X 17364313 16385484 748247 1496751 130670 130670 18243230 18012905 20116286 19530889 X -411840 57757 123758 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 3 5.00 2 1 0 2 1 18840.00 1634017 1 0 2625953 X X X X 0 130670 12518 12518 130670 120453 10217 4663 4663 130670 118453 2000 2717 2717 120453 111242 7211 4132 4132 118453 110242 1000 8296 8296 111242 1.00000 0 0 870573 870573 9284686 4641516 4643170 1544044 469113 1074931 3827639 1758701 2068938 1227263 52920 1174343 9831955 ARCHIVE, ART OBJECTS AND DRAWING LIBRARY 2625953 2625953 ANNUITY CONTRACT 527607 527607 X 9164073 57757 223049 862659 1143465 8020608 68125 68125 8088733 9394398 99291 862659 961950 8432448 68125 68125 8500573 PART II, LINE 9: THE CONSERVATION AND HISTORIC STRUCTURE EASEMENTS WERE PUT IN PLACE BY THE FOUNDATION ON PROPERTY IT ALREADY HAD. 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 HELD IN A PUBLIC TRUST, MAKING THEM ACCESSIBLE TO THE PUBLIC FOR RESEARCH, EXHIBITION, AND PUBLICATION. PART V, LINE 4: FOUNDATION ENDOWMENTS EXIST FOR THE PURPOSES OF PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS. INTEREST EARNED ON THE ENDOWMENTS ARE APPLIED TO SEVEN DIFFERENT SCHOLARSHIPS, EACH REPRESENTING A DIFFERENT AREA OF SCHOLARLY EXCELLENCE. PART X, LINE 2: 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 862,659. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROYALTY FEES NETTED WITH REVENUE FOR FINANCIAL STATEMENTS 68,125. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 862,659. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROYALTY FEES NETTED WITH REVENUE FOR FINANCIAL STATEMENTS 68,125. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FRANK LLOYD WRIGHT FOUNDATION SATISFIES THE PUBLICITY REQUIREMENT OF SECTION 4.02(1)(A) OF IRC REV. PROC 75-50 BY COMPLYING WITH SECTION 4.02 OF SUCH REV. PROC. AS IS PERMITTED BY 4.03(2)(B) THEREOF. THE FOUNDATION'S RACIALLY NONDISCRIMINATION INFORMATION BULLETINS, ETC. DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS, READS AS FOLLOWS: NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS: THE FRANK LLOYD WRIGHT SCHOOL OF ARCHITECTURE ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS OF THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, NATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIPS AND LOAN PROGRAMS AND ATHLETIC AND OTHER SCHOOL ADMINISTRATIVE PROGRAMS. ADDITIONALLY, THE FOUNDATION, PRIOR TO ITS ORGANIZATION AS A 501(C)(3) ORGANIZATION EFFECTIVE JULY 1, 1983, MAINTAINED A RACIALLY NONDISCRIMINATORY POLICY,(CONTINUED BELOW) SCHEDULE E, PART I, LINE 6 THE SCHOOL OF ARCHITECTURE RECEIVED PASS-THROUGH FEDERAL STUDENT FINANCIAL AID TITLE IV MONIES FOR THE STUDENTS. FORM 990, SCH E, PART II WHICH ENABLED IT TO QUALIFY FOR FEDERAL CONTRACTS AND PURCHASE ORDERS GOVERNED BY THE EQUAL OPPORTUNITY EMPLOYMENT LAWS, WITH AGENCIES SUCH AS THE U.S. POSTAL SERVICE, GENERAL SERVICES ADMINISTRATION, CORPS OF ENGINEERS, DEPARTMENT OF THE ARMY, AND THE BUREAU OF RECLAMATION. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES 6 LICENSING CONTRACTS EUROPE 0 0 PROGRAM SERVICES 3 LICENSING CONTRACTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 1 X X X 0 0 0 0 0 0 0 1 0 SEAN MALONE CEO & PRESIDENT 237372 0 24750 0 0 0 2449 0 24737 0 289308 0 0 0 LISA MURPHY VP OF FINANCE/COO 154335 0 21404 0 900 0 1550 0 7141 0 185330 0 0 0 DOTTIE O'CARROLL VP OF DEVELOPMENT 150000 0 10096 0 900 0 1500 0 352 0 162848 0 0 0 PART I, LINE 1A THE CEO/PRESIDENT BELONGS TO A COUNTRY CLUB AND PAYS ANNUAL MEMBERSHIP DUES. THE CEO/PRESIDENT'S PRIMARY ROLE IS OUTREACH AND CULTIVATION (NETWORKING) WITH POTENTIAL PHILANTHROPISTS WHO COULD ULTIMATELY DONATE MONEY TO A FOUNDATION PLANNED CAPITAL CAMPAIGN IN 2017. PART I, LINE 1B THE BOARD OF TRUSTEES, AFTER CAREFULL DELIBERATION, DETERMINED THE FOUNDATION WOULD PAY THE COUNTRY CLUB DUES TO ASSIST THE FOUNDATION'S FUNDRAISING EFFORTS RELATED TO ITS RAMP-UP TO A CAPITAL CAMPAIGN IN FUTURE YEARS TO SUPPORT ITS PRIMARY MISSION OF PRESERVING AND STEWARDING TALIESIN, TALIESIN WEST AND THE FRANK LLOYD WRIGHT COLLECTIONS. PART I, LINE 7 BONUSES FOR THE CEO AND VICE PRESIDENTS ARE AWARDED BASED ON A VOTE OF THE EXECUTIVE COMMITTEE OF THE BOARD. THE VICE PRESIDENTS' BONUSES WERE BASED ON A RECOMMENDATION FROM THE CEO AND APPROVED BY THE BOARD. THE CEO'S BONUS WAS DECIDED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE 2014 BONUSES WERE AWARDED BASED ON A PERFORMANCE EVALUATION. THERE WAS A TOTAL BONUS POOL APPROVED BY THE BOARD OF DIRECTORS FOR THE ENTIRE ORGANIZATION WHERE OFFICERS COULD RECEIVE UP TO 15% OF THEIR BASE COMPENSATION. X 1 4566 SALE PRICE OF STOCK X 1 67668 COST X FURNITURE AND EQUIPMENT 4 70053 COST X SUPPLIES 2 47388 COST X SOFTWARE 1 12000 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS NOT THE NUMBER OF ITEMS. 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). THEY HAVE THE ABILITY 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 A, LINE 2 TRUSTEES NEIL LEVINE AND SUSAN JACOBS-LOCKHART ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 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 SUCH POLICY. THE TRUSTEES AND OFFICERS OF THE FOUNDATION MUST ANNUALLY ACKNOWLEDGE SUCH POLICY CONSISTENT WITH THE PROVISIONS OF SUCH 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. FORM 990, PART VI, SECTION B, LINE 15 FOR ALL SENIOR MANAGEMENT POSITIONS, THE FOUNDATION CONSULTS MARKET SURVEYS, AND EMPLOYS SLOTTING TECHNIQUES AND 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 WWW.FRANKLLOYDWRIGHT.ORG AS WELL AS LISTING IT ON GUIDESTAR.ORG. THE RETURN IS ALSO 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, EMAILED, OR TELEPHONE REQUEST, OR, IF REQUESTED IN PERSON, AT THE COMPANY'S HEADQUARTERS IN SCOTTSDALE, ARIZONA. FORM 990, PART XI, LINE 9: CAPITALIZED SERVICES 123,758.