FRANK LLOYD WRIGHT TRUST

EIN: 237414937 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$6,159,879
Total Expenses
$4,159,519
Total Assets
$12,475,087
Net Assets
$11,015,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IL
Principal Officer
CELESTE ADAMS
Phone
3129944000
Tax Period
2024-01-01 to 2024-12-31

FRANK LLOYD WRIGHT TRUST, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.2M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 32% operating margin.

Mission

TO ENGAGE THE PUBLIC IN EDUCATIONAL AND AESTHETIC EXPERIENCES TO FOSTER AN APPRECIATION OF ARCHITECTURE, DESIGN AND THE LEGACY OF FRANK LLOYD WRIGHT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,473,421
Program Service Revenue $2,854,777
Investment Income $106,059
Other Revenue $725,622
TOTAL REVENUE $6,159,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,084,148
Fundraising Expenses $220,044
Program Expenses $2,348,899
Other Expenses $2,075,371
TOTAL EXPENSES $4,159,519

Year-over-Year Comparison

2024 2023 Change
Revenue $6,159,879 $6,089,999 +0.0%
Expenses $4,159,519 $3,838,977 +0.1%
Net Income $2,000,360 $2,251,022 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
61
Volunteers
543

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$447,654
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN RAFKIN BOARD CHAIR 4.00
Officer Director
$0 $0 $0
MATTHEW COTTER TREASURER 4.00
Officer Director
$0 $0 $0
GRAHAM RARITY SECRETARY 4.00
Officer Director
$0 $0 $0
PATRICIA HUNT VICE CHAIR / EXECUTIVE CHAIR 4.00
Officer Director
$0 $0 $0
LATONIA BAKER BOARD MEMBER 2.00
Director
$0 $0 $0
PETER R GEORGE BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID HERNANDEZ BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT MILLER BOARD MEMBER 2.00
Director
$0 $0 $0
KURT NEUMANN BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT PASIN BOARD MEMBER 2.00
Director
$0 $0 $0
DON ROSENWINKEL BOARD MEMBER 2.00
Director
$0 $0 $0
KELLY SMALL BOARD MEMBER 2.00
Director
$0 $0 $0
RANDALL S THORNE BOARD MEMBER 2.00
Director
$0 $0 $0
ARTHUR VOGT BOARD MEMBER 2.00
Director
$0 $0 $0
CELESTE ADAMS PRESIDENT & CEO 40.00
Officer
$208,671 $10,191 $218,862
AHNQUAJJ A KAHMANNE DIRECTOR OF OPERATIONS 40.00
Officer
$122,492 $11,300 $133,792
AMY DEBOCK DIRECTOR OF FINANCE 40.00
Officer
$95,000 $0 $95,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,159,879 $4,159,519 $12,475,087 $2,000,360
2023 $6,089,999 $3,838,977 $10,693,788 $2,251,022
2022 $5,551,634 $3,789,465 $8,318,212 $1,762,169
2021 $2,823,161 $2,882,304 $6,763,209 $-59,143
2020 $2,204,303 $3,150,964 $6,151,349 $-946,661
2019 $4,593,023 $5,230,402 $6,645,925 $-637,379
2018 $6,309,495 $5,098,557 $7,322,239 $1,210,938
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