The Frank Lloyd Wright Foundation EIN 86-0197576 Form 990 (PDF) Claim this org

The Frank Lloyd Wright Foundation FY2024 filing

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Inspires people to discover and embrace better living through architecture connecting nature, arts, and community. For fiscal year 2024 it reported $9.4M in revenue, $10.8M in expenses, and $21.1M in net assets.Pt I

Founded
1965
Type
Public charity (501(c)(3)) · Colleges & Universities
Location
Scottsdale, AZ
Website
www.franklloydwright.org
Filings
4 on file (2021–2024)
Revenue
$9.4MFY2024
Expenses
$10.8M
Net assets
$21.1M
People
22
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-0197576 Public charity (501(c)(3)) Scottsdale, AZ Founded 1965
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/13/26 · see original: IRS
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Size
$1–10M
What they do
Inspires people to discover and embrace better living through architecture connecting nature, arts, and community.
Leadership
Stuart Graff · CEO & President · $306K
Money in and out
$9.4M revenue, $10.8M expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$9.4M
Pt VIII · Ln 12
Total expenses
$10.8M
Pt IX · Ln 25
Net assets
$21.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.4M
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.03 Fundraising $0.14
Program efficiency
83%
of spending reaches programs
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$9.4M
FY2024▼ -5%
Expenses
$10.8M
FY2024▲ +9%
Total assets
$22.2M
FY2024▼ -4%
Total liabilities
$1.1M
FY2024▼ -3%
Total revenue
$9.4M
Pt VIII · Ln 12
Total expenses
$10.8M
Pt IX · Ln 25
Net assets
$21.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.4M
Total assetsPt X · Ln 16$22.2M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $8.9M of program spending, described in the organization's own filed words · FY2023.
01

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.

$3.7Mprogram expense
02

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 101,000 individuals visited the historic scottsdale, arizona, landmark during the fiscal year ended july 31, 2024.

$2.8Mprogram expense
03

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.

$2.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Frank Lloyd Wright Foundation
EINHdr · item D86-0197576
Principal addressHdr · item CScottsdale, AZ
WebsiteHdr · item Jwww.franklloydwright.org
Year of formationHdr · item L1965
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B43)
Ruling yearIRS BMFNov 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
CEO & President
$306,413Pt VII · Sec A
VP of Advancement
$176,697Pt VII · Sec A
Finance & Admin Off. (thru 7/31/24)
$168,562Pt VII · Sec A
VP of Public Engagement
$166,392Pt VII · Sec A
VP of Preservation
$147,663Pt VII · Sec A
VP of Taliesin Institute
$118,125Pt VII · Sec A
Dir. of Accounting (thru 1/12/24)
$105,169Pt VII · Sec A
$0Pt VII · Sec A

Stuart Graff’s $316K as CEO & President (through 08/31/24) is at the 96th percentile of top reported officer pay among 3393 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Stuart Graff$316,335$306,413$285,402$251,418
Kimberley Valentine$176,697$165,230
Susan Whitmer VP Chief$168,562$144,848
Nicole Stewart$157,587$166,392$155,160
Frederick Prozzillo$134,267$147,663$139,897$121,799
Joy Hanson$141,067
Kimberly Valentine$139,250
Henry Hendrix$138,716

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$5.6M · 60%
Contributions & grants$2.0M · 22%
Other revenue$1.4M · 15%
Investment income$322K · 3%
Program service revenue60%$5.6M
Contributions & grants22%$2.0M
Other revenue15%$1.4M
Investment income3%$322K
— government grantsLn 1e$325K
Total revenueLn 12$9.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.03 Fundraising $0.14
Program services83%$8.9M
Management & general3%$334K
Fundraising14%$1.5M
Total functional expensesLn 25$10.8M

Balance Sheet

Part X · end of year
CashLn 1$709K
Total assetsLn 16$22.2M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$21.1M
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.4M · Operating expenses (Pt IX) $10.8M · Less non-cash grants $4K · Cash operating expenses/yr $10.8M
7.1 months
Where the money goes
Program services
Program services $8.9M · Total expenses $10.8M
83%
Management & General
Management & general $334K · Total expenses $10.8M
3%
Fundraising
Fundraising $1.5M · Total expenses $10.8M
14%
Cost to raise $1
Fundraising expense (2-yr avg) $1.5M · Solicited contributions (2-yr avg) $2.1M
$0.69 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $9.4M
22%
Government reliance
Government grants $325K · Total revenue $9.4M
3%
Earned-income share
Program service revenue $5.6M · Total revenue $9.4M
60%
Investment reliance
Investment income $322K · Total revenue $9.4M
+3%
Program self-sufficiency
Program service revenue $5.6M · Total expenses $10.8M
52%
Growth & trend
Revenue growth (YoY)
This year $9.4M · Prior year $10.0M
-5%
Net-asset trend (YoY)
End of year $21.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.4M · Expenses $10.8M
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $22.2M
Net-asset ratio
Net assets $21.1M · Total assets $22.2M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22.2M
25%
People & payroll
Highest Reported Total Compensation
Individual Stuart Graff · Reported title CEO & PRESIDENT · Highest reported compensation $306K · Total expenses $10.8M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.3M · Total expenses $10.8M
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 3%
Fundraising cost ratio 74%
Revenue growth -5%
Investment management fee ratio 0.1%
Legal fee ratio 0.5%
Accounting fee ratio 0.3%
Fundraising fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 20 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$9.6M revenue · ⤓ 990 PDF
FY2024$9.4M revenue · viewing · ⤓ 990 PDF
FY2023$10.0M revenue · ⤓ 990 PDF
FY2022not on file
FY2021$8.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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