2012-08-10T12:07:10-05:00 2011-12-31 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE SUITE 400 PHOENIX AZ 850044527 990 2011-01-01 860197576 FRANK LLOYD WRIGHT FOUNDATION FRAN 4808602700 PO BOX 4430 SCOTTSDALE AZ 852614430 LISA MURPHY 4808602700 2012-08-07 1 BRENDA A BLUNT P00075126 6022645844 2012-07-31 2011 2016-02-24 21:20:13Z SEAN MALONE PO BOX 4430 SCOTTSDALE AZ 852614430 9799965 0 X WWW.FRANKLLOYDWRIGHT.ORG X 1965 AZ EDUCATE AND ENGAGE DIVERSE AUDIENCES, INCLUDING SCHOLARS, ARCHITECTS, STUDENTS, SCIENTISTS AND THE GENERAL PUBLIC THROUGH PROGRAMS THAT ENCOURAGE INNOVATIVE THINKING ABOUT THE RELATIONSHIPS BETWEEN ARCHITECTURE AND DESIGN AND THE NATURAL ENVIRONMENT, AND INSPIRE A QUEST FOR BEAUTY, BALANCE AND HARMONY IN THE CREATION OF BUILDINGS AND SPACES THAT ENRICH DAILY LIFE. 13 13 131 56 0 0 984970 2548073 4895381 5436645 -90138 26517 996570 984861 6786783 8996096 0 0 0 0 2711074 3056924 0 0 572278 3502515 3314688 6213589 6371612 573194 2624484 11733424 14403285 2692015 2617265 9041409 11786020 X EDUCATE AND ENGAGE DIVERSE AUDIENCES, INCLUDING SCHOLARS, ARCHITECTS, STUDENTS, SCIENTISTS AND THE GENERAL PUBLIC THROUGH PROGRAMS THAT ENCOURAGE INNOVATIVE THINKING ABOUT THE RELATIONSHIPS BETWEEN ARCHITECTURE AND DESIGN AND THE NATURAL ENVIRONMENT, AND INSPIRE A QUEST FOR BEAUTY, BALANCE AND HARMONY IN THE CREATION OF BUILDINGS AND SPACES THAT ENRICH DAILY LIFE. 0 0 1492270 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. 1173919 727719 FRANK LLOYD WRIGHT FOUNDATION SCHOOL OF ARCHITECTURE - THE FOUNDATION OFFERS A FULLY ACCREDITED BACHELORS AND MASTERS DEGREE PROGRAM IN ARCHITECTURE TO APPROXIMATELY 30 STUDENTS ANNUALLY. 819320 3007696 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 100,000 VISIT THE HISTORIC SCOTTSDALE, ARIZONA LANDMARK ANNUALLY. 1476164 2556981 BOOKSTORE - EXPENSES 484,375; REVENUE 855,751LICENSING PROGRAM - EXPENSES 580,138; REVENUE 1,428,062ARCHIVES - EXPENSES 279,038; REVENUE 183,299EDUCATIONAL OUTREACH - EXPENSES 132,613; REVENUE 59,200MISCELLANEOUS PROGRAM REVENUE - REVENUE 30,669 1476164 2556981 4961673 1 1 0 0 0 0 0 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 1 1 0 0 0 0 0 0 0 0 0 1 63 0 1 131 1 0 0 0 0 0 0 0 0 0 X 13 13 0 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 DANIEL MARQUARDT 10.00 X 0 0 0 JEFFREY GRIP 10.00 X X 0 0 0 ARNOLD ROY 30.00 X X 17789 0 0 FREDERICK P STRATTON JR 10.00 X X 0 0 0 DAVID MOHNEY 10.00 X 0 0 0 DONALD FAIRWEATHER 10.00 X 0 0 0 GERALD MOROSCO 10.00 X 0 0 0 CLIFF CURRY 10.00 X 0 0 0 SANDRA SHANE-DUBOW 10.00 X 0 0 0 JOHN DICIURCIO 10.00 X 0 0 0 JOHN CUMMERFORD 10.00 X X 0 0 0 ANNE KREAMER 10.00 X 0 0 0 CARMEN LONSTEIN 10.00 X 0 0 0 SUSAN JACOBS-LOCKHART 10.00 X 0 0 0 ALANNA MACK 10.00 X 0 0 0 THOMAS WRIGHT 10.00 X 0 0 0 SHARON MATTHEWS 10.00 X 0 0 0 ANNE MALEY 40.00 X 171417 0 0 LISA MURPHY 40.00 X 113335 0 4356 302541 0 4356 2 0 1 0 ANNE MALEY CONSULTING LLC PO BOX 41864 TUCSON AZ 85717 INTERIM CEO/PRESIDENT 171417 1 2548073 129580 2548073 VISITATION PROGRAM 900099 3007696 3007696 LICENSING PROGRAM 900099 1428062 1428062 ARCHITECTURAL SCHOOL T 611110 727719 727719 ARCHIVE AND EXHIBITION 900099 183299 183299 EDUCATIONAL OUTREACH 900099 59200 59200 30669 30669 5436645 27515 27515 129110 0 129110 129110 129110 6725 6725 998 0 -998 -998 -998 1651897 796146 855751 855751 8996096 6292396 0 155627 136335 136335 2569790 1553635 793426 222729 138553 68655 51830 18068 212246 110998 85275 15973 125818 52780 73038 26463 26463 349236 177607 158352 13277 103414 103083 331 317207 207340 62907 46960 41453 14581 16869 10003 156486 156486 354922 334681 20241 90345 61861 27778 706 52743 42129 10368 246 45713 45713 381326 381326 181529 181529 REPAIRS & MAINTENANCE 500276 500276 LICENSES, CHARGES & FEE 154089 129890 10262 13937 FOOD & BEVERAGE 140929 21689 119240 PUBLIC RELATIONS 116298 298 87886 28114 176441 1044358 -1070182 202265 6371612 4961673 837661 572278 652807 313962 56962 101004 782690 740747 456202 527999 73773 95108 12861277 5805054 6793813 7056223 360268 1250165 2556909 4318077 11733424 14403285 1259795 622161 655376 1285160 123256 90397 653588 619547 2692015 2617265 X 8027302 9126152 902865 2541415 111242 118453 9041409 11786020 11733424 14403285 X 2624484 120126 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2543747 X X X X 0 111242 7211 4132 4132 118453 110242 1000 8296 8296 111242 109242 1000 110242 103323 5919 109242 0 0 870573 870573 8547006 3937538 4609468 1762298 1501006 261292 1681400 366510 1314890 7056223 ARCHIVE, ART OBJECTS AND DRAWING LIBRARY 2543747 BENEFICIAL INTEREST IN TRUST 1774330 4318077 ANNUITY CONTRACT 619547 619547 8996096 6371612 2624484 12076 108050 120126 2744610 9764227 12076 116395 796146 924617 8839610 156486 156486 8996096 7019616 8345 796146 804491 6215125 156486 156486 6371611 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 FOUNDATION PROVIDES ACCESS TO THE COLLECTION FOR RESEARCH THREE DAYS PER WEEK, WITHOUT CHARGE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED NEW GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION ADOPTED THIS NEW GUIDANCE FOR THE YEAR ENDED DECEMBER 31, 2009. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008 AND STATE EXAMINATIONS FOR YEARS BEFORE 2007. AS OF DECEMBER 31, 2011 AND 2010, THE FOUNDATION HAS ADDRESSED UNCERTAINTY IN ITS INCOME TAX POSITIONS UNDER THIS NEW GUIDANCE AND DETERMINED THERE ARE NO UNRECOGNIZED / DERECOGNIZED TAX BENEFITS REQUIRING AN ACCRUAL. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 796,146. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROYALTY FEES NETTED WITH REVENUE FOR FINANCIAL STATEMENTS 156,486. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COGS INCLUDED IN EXPENSES FOR FINANCIAL STATEMENTS 796,146. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ROYALTY FEES NETTED WITH REVENUE FOR FINANCIAL STATEMENTS 156,486. PART V, ENDOWMENT FUNDS. PRIOR YEARS HAVE BEEN RESTATED TO CORRECT THE IDENTIFICATION OF ENDOWMENT FUNDS WHICH HAD INCLUDED ALL INVESTED FUNDS RATHER THAN JUST THOSE INVESTMENTS THAT ARE TEMPORARILY RESTRICTED, PERMENANTLY RESTRICTED OR A QUASI-ENDOWMENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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) EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FEDERAL STUDENT FINANCIAL AID TITLE IV MONIES THROUGH THE STUDENTS. CONTINUATION OF NONDISCRIMINATION POLICY: 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 X X X 0 0 0 0 0 0 0 0 0 ANNE MALEY 171417 0 0 0 0 0 0 0 0 0 171417 0 0 0 SUPPLEMENTAL INFORMATION PART III SCH J, PART I, LINE 3 - ALSO FORM 990, PART VII, SECTION A, LINE 5: ANNE MALEY RECEIVED COMPENSATION IN THE AMOUNT OF $171,417 FROM ANNE MALEY CONSULTING LLC, AN UNRELATED ORGANIZTION, FOR SERVICES RENDERED TO THE ORGANIZATION. ANNE MALEY CONSULTING LLC INDEPENDENT CONTRACTOR 171417 PAYMENT FOR INTERIM CEO SERVICES 0 X 1 40 EXPERT OPINION X 1 8100 EXPERT OPINION X 4004 EXPERT OPINION X 592 X 1 2500 REPLACEMENT COST X 2 63391 REPLACEMENT COST X FURNITURE 8 45929 FMV X COMPUTER HARDWARE 4 1875 FMV X FABRIC 1 200 FMV X TOOLS 1 2950 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE 990 AND RELATED SCHEDULES WAS EMAILED TO ALL MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW. UPON CONFIRMATION THAT THE COMMITTEE DID NOT RECOMMEND ANY FURTHER CHANGES, THE RETURN IS PROVIDED TO THE 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 COMPENSATION OF THE FOUNDATION'S PRESIDENT AND CEO, AS WELL AS OTHER CORPORATE OFFICERS, IS RECOMMENDED BY THE OUTSIDE FIRM RESPONSIBLE FOR THE RECRUITMENT PROCESS, AND IS ULTIMATELY RATIFIED AND APPROVED BY THE BOARD OF TRUSTEES. THE LATTER BODY INCLUDES A PRESIDENTIAL SEARCH COMMITTEE WHICH MEETS REGULARLY DURING THE HIRING PROCESS OF A NEW PRESIDENT AND CEO AND WHO DEVOTES SUBSTANTIAL TIME AND CONSIDERATION TO THE DECISION. 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 2011. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,076. DONATED SERVICES AND USE OF FACILITIES: 108,050. TOTAL TO FORM 990, PART XI, LINE 5: 120,126.