2014-08-15T19:13:26-05:00 2013-12-31 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE SUITE 400 PHOENIX AZ 850044527 990 2013-01-01 860197576 FRANK LLOYD WRIGHT FOUNDATION FRAN 4808602700 PO BOX 4430 SCOTTSDALE AZ 852614430 LISA MURPHY COO/VP OF FINANCE 4808602700 2014-08-15 1 BRENDA A BLUNT P00075126 6022645844 2014-07-29 2013 2015-11-30 17:44:51Z SEAN MALONE PO BOX 4430 SCOTTSDALE AZ 852614430 8625447 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 17 150 80 0 0 1922711 984042 10835361 5498235 13901 44480 1033115 1037790 13805088 7564547 0 0 0 0 3695025 4151618 0 0 374029 3491418 3685343 7186443 7836961 6618645 -272414 20020486 20116286 1566474 1873056 18454012 18243230 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 1468733 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. 2366242 397187 FRANK LLOYD WRIGHT FOUNDATION SCHOOL OF ARCHITECTURE - THE FOUNDATION OFFERS A FULLY ACCREDITED BACHELORS AND MASTERS DEGREE PROGRAM IN ARCHITECTURE TO APPROXIMATELY 17 STUDENTS ANNUALLY. 1086001 2815313 VISITATION 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. OVER 98,000 VISIT THE HISTORIC SCOTTSDALE, ARIZONA LANDMARK ANNUALLY. 2330958 3170424 BOOKSTORE - LICENSING PROGRAM - ARCHIVES - EDUCATIONAL OUTREACH - MISCELLANEOUS PROGRAM - 2330958 3170424 7251934 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 72 0 1 150 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 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 DANIEL MARQUARDT TRUSTEE AT-LARGE 10.00 X X 0 0 0 SEAN MALONE CEO & PRESIDENT 40.00 X X 243963 0 36825 LISA MURPHY VP OF FINANCE 40.00 X 147155 0 7702 DOTTIE O'CARROLL VP OF DEVELOPMENT 40.00 X 136885 0 0 528003 0 44527 3 0 1 0 BALLARD SPAHR 1 EAST WASHINGTON STREET SUITE 230 PHOENIZ AZ 85004 LEGAL SERVICES 104560 1 984042 174313 984042 PUBLIC TOURS & ACCESS 561520 2815313 2815313 LICENSING PROGRAM 900099 1878940 1878940 ARCHITECTURAL SCHOOL TUITION & FE 611110 397187 397187 ARCHIVE AND EXHIBITION PROGRAMS 900099 300867 300867 EDUCATIONAL OUTREACH 611710 70202 70202 35726 35726 5498235 27479 27479 153101 0 153101 153101 153101 229602 21327 231063 2865 -1461 18462 17001 17001 1711661 826972 884689 884689 7564547 6382924 0 197581 402934 376219 17085 9630 3142017 2884071 94762 163184 320455 296024 7439 16992 286212 263315 8586 14311 123782 123782 14900 14900 517773 501149 13962 2662 126383 125847 296 240 519976 467885 8953 43138 63010 52244 1733 9033 116470 116470 235106 228197 2312 4597 169187 150729 5609 12849 512731 504245 1587 6899 185486 151048 19438 15000 REPAIRS & MAINTENANCE 471996 470659 755 582 PROGRAM & SPECIAL ACTIV 382648 356176 3464 23008 MISCELLANEOUS EXPENSES 245895 183874 10117 51904 7836961 7251934 210998 374029 198260 56897 1041566 1015264 2179975 2001935 2593570 1770868 527304 490347 192223 165571 15755436 6654866 8758373 9100570 968256 2906000 3560959 2608834 20020486 20116286 565538 886049 360381 325960 55746 97455 584809 563592 1566474 1873056 X 16805519 17364313 1528040 748247 120453 130670 18454012 18243230 20020486 20116286 -272414 61632 0 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 32760.00 1700000 1 40000 2598609 X X X X 0 120453 10217 4663 4663 130670 118453 2000 2717 2717 120453 111242 7211 4132 4132 118453 110242 1000 8296 8296 111242 109242 1000 110242 1.00000 0 0 870573 870573 9162476 4397055 4765421 1491487 426208 1065279 3675040 1797795 1877245 555860 33808 522052 9100570 ARCHIVE, ART OBJECTS AND DRAWING LIBRARY 2598609 BENEFICIAL INTEREST IN TRUST 10225 2608834 ANNUITY CONTRACT 563592 563592 X 8611181 61632 274500 826972 1163104 7448077 116470 116470 7564547 8821963 274500 826972 1101472 7720491 116470 116470 7836961 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 ORIGINAL DRAWINGS OF THE LATE FRANK LLOYD WRIGHT. THE COLLECTIONS ARE HELD IN A PUBLIC TRUST, MAKING THEM ACCESSIBLE TO THE PUBLIC FOR RESEARCH, EXHIBITION, AND PUBLICATION. THE VAST MAJORITY OF ARCHIVES/DRAWINGS OF FRANK LLOYD WRIGHT WERE TRANSFERRED TO A MUSEUM IN MARCH 2013 FOR THE SAME PURPOSE. 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 826,972. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROYALTY FEES NETTED WITH REVENUE FOR FINANCIAL STATEMENTS 116,470. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 826,972. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROYALTY FEES NETTED WITH REVENUE FOR FINANCIAL STATEMENTS 116,470. 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 1 X X X X 0 0 0 0 0 0 0 1 1 1 SEAN MALONE CEO & PRESIDENT 237862 0 6101 0 0 0 0 0 36825 0 280788 0 0 0 LISA MURPHY VP OF FINANCE 141905 0 4350 0 900 0 0 0 7702 0 154857 0 0 0 PART I, LINE 7 BONUSES FOR THE CEO, VICE PRESIDENTS AND DEAN ARE AWARDED BASED ON A VOTE OF THE EXECUTIVE COMMITTEE OF THE BOARD. THE VICE PRESIDENTS' AND DEAN'S 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 2013 BONUSES WERE AWARDED BASED ON 3% OF ADJUSTED BASE COMPENSATION. PART I, LINE 8 THE PRESIDENT/CEO WAS HIRED UNDER AN INITIAL TWO-YEAR CONTRACT WITH PERFORMANCE REVIEWS AT SIX MONTHS AND ONE YEAR. THE PRESIDENT/CEO IS IN THE SECOND YEAR OF THE CONTRACT. THE BOARD WILL CONSIDER EXTENSIONS OF TERM AND COMPENSATION ANNUALLY. THE CONTRACT STIPULATED HIS BASE COMPENSATION FOR THE FIRST TWO YEARS WITH COMPENSATION FOR ANY EXTENSIONS BASED ON AGREEMENT OF THE FOUNDATION AND PRESIDENT/CEO BUT NOT LESS THAN THE THEN-CURRENT SALARY. THE CONTRACT WAS EXTENDED IN MARCH 2013 FOR 2 YEARS WITH NO INCREASE OF COMPENSATION FOR 2014 AND 2015. X 2 40000 EXPERT OPINION X 2 10217 SALE PRICE OF STOCK X 1 18596 REPLACEMENT COST X IT SWITCHES 1 105500 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 NEIL LEVINE AND SUSAN JACOBS-LOCKHART HAVE A FAMILY RELATIONSHIP. 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 WAS LAST UNDERTAKEN IN 2013. 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.