Walker Art Center Inc in Minneapolis, Minnesota (MN)

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Walker Art Center Inc
Employer Identification Number (EIN)410693929
Name of OrganizationWalker Art Center Inc
In Care of NameMary Polta
Address1750 Hennepin Ave, Minneapolis, MN 55403-2115
ActivitiesOther cultural or historical activities, Other school related activities, Museum, zoo, planetarium, etc.
SubsectionCharitable Organization, Educational Organization
Ruling Date09/1946
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$294,269,370
Amount of Income$31,374,505
Form 990 Revenue Amount$20,724,066
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2014: $31,374,505
Walker Art Center Inc: 

 $31,374,505
Other organizations performing similar types of work: 

 $195,015

Assets in 2014: $294,269,370
Walker Art Center Inc: 

 $294,269,370
Other organizations performing similar types of work: 

 $137,152

Expenses in 2013: $22,225,852
Walker Art Center Inc: 

 $22,225,852
Other organizations performing similar types of work: 

 $181,390

Income to expenses ratio in 2013: 1.4
Walker Art Center Inc: 

 1.4
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 71.3%
Walker Art Center Inc: 

 71.3%
Other organizations performing similar types of work: 

 78.4%

Number of employees in 2013: 216
This organization: 

 216
Other organizations performing similar types of work: 

 6

Employees paid over $100,000 in 2013: 7.4%
This organization: 

 7.4%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 77.4%
This organization: 

 77.4%
Other organizations performing similar types of work: 

 49.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?No
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?No
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?Yes
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?Yes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?Yes
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
20122013
The number reported in Box 3 of Form 1096194
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return216
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYes
Has it filed a Form 990-T for this year?Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?Yes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?Yes
Did the organization notify the donor of the value of the goods or services provided?Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities $0$0
Gross income from members or shareholders$0$0
Gross income from other sources$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,336,761
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$118,941
Total number of individuals who received more than $100,000 of reportable compensation from the organization9
Total number of independent contractors who received more than $100,000 of compensation from the organization7
Statement of Revenue
20122013
Total revenue$21,334,151$29,128,425
Contributions, Gifts, Grants and Other Similar Amounts$17,707,710$22,552,114
Program Service Revenue$2,342,053$2,779,307
Other Performing Arts Companies $1,240,620
All Other Amusement and Recreation Industries $349,645
Other Performing Arts Companies $100,635
All Other Amusement and Recreation Industries $193,525
All Other Amusement and Recreation Industries $68,328
All other program service revenue$826,554
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$257,783$552,593
Income from investment of tax-exempt bond proceeds$0$0
Royalties$621$1,391
Net rental income$398,044$438,834
Gross rents (Real / Personal)$1,213,743 / $0$1,252,086 / $0
Less: rental expenses (Real / Personal)$815,699 / $0$813,252 / $0
Rental income or (loss) (Real / Personal)$398,044 / $0$438,834 / $0
Net gain/loss from sales of assets other than inventory$455,694$2,855,583
Gross amount from sales of assets other than inventory (Securities / Other)$8,899,280 / $0$11,165,516 / $0
Less: cost or other basis and sales expenses (Securities / Other)$8,443,586 / $0$8,309,933 / $0
Gain or (loss) (Securities / Other)$455,694 / $0$2,855,583 / $0
Net income/loss from fundraising events$-16,796$-168,576
Gross income from fundraising events$109,058$92,918
Less: direct expenses$125,854$261,494
Net income/loss from gaming activities$0$0
Net income/loss from sales of inventory$71,089$-8,885
Gross sales of inventory, less returns and allowances$1,097,118$1,098,574
Less: cost of goods sold$1,026,029$1,107,459
Miscellaneous Revenue$117,953$126,064
Amusement and Theme Parks $89,412
541800$3,200
541800$32,477
All other revenue$975
Statement of Functional Expenses
20122013
Total functional expenses$23,521,743$22,225,852
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$632,882$635,919
Compensation not included above, to disqualified persons$0
Other salaries and wages$6,678,089$6,631,694
Pension plan accruals and contributions$329,081
Other employee benefits$406,595
Payroll taxes$346,620$347,179
Fees for services (non-employees)
Management$0
Legal$38,716
Accounting$90,410
Lobbying$42,674
Professional fundraising services$0$0
Investment management fees$0
Other$3,642,653
Advertising and promotion$610,870
Office expenses$1,083,065
Information technology$49,140
Royalties$2,447
Occupancy$495,457
Travel$461,037
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$13,913
Interest$26,236
Payments to affiliates$0
Depreciation, depletion, and amortization$2,816,388
Insurance$170,585
Other expenses$1,652,382
Other expenses$497,292
Other expenses$241,455
Other expenses$383,293
Other expenses$1,557,371
Balance Sheet
20122013
Total assets$248,857,041$275,796,103
Cash - non-interest-bearing$999,360
Savings and temporary cash investments$17,000,848
Pledges and grants receivable, net$10,205,763
Accounts receivable, net$293,302
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$56,667
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$470,338
Prepaid expenses and deferred charges$269,734
Land, buildings, and equipment: cost or other basis$65,967,365
Investments - publicly traded securities$0
Investments - other securities$180,451,220
Investments - program-related$0
Intangible assets$0
Other assets$81,506
Total liabilities$10,609,866$10,817,309
Accounts payable and accrued expenses$2,909,504
Grants payable$0
Deferred revenue$823,946
Tax-exempt bond liabilities$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$0
Unsecured notes and loans payable to unrelated third parties$1,327,000$1,103,000
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$5,980,859
Total net assets or fund balances$238,247,175$264,978,794
Unrestricted net assets$84,685,234
Temporarily restricted net assets$106,343,723
Permanently restricted net assets$73,949,837
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$59,401,427
Subtotal Support$82,457,781
Gifts, grants, contributions, and membership fees received$82,457,781
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$23,056,354
Total Support$92,374,601
Public Support$82,457,781
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$8,517,703
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$1,399,117
Gross receipts from related activities, etc.$18,134,339
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$21,448,032$20,450,509$17,521,094$39,649,924$36,853,177$20,239,170$22,831,537$31,527,604
Contributions, gifts, grants, and similar amounts received$23,475,279$16,019,660$15,680,232$20,469,130$23,051,633$16,598,073$14,018,612$15,554,853
Contributions to donor advised funds$0$0
Direct public support$22,060,529$14,920,547$14,783,970$19,942,480$22,677,233$16,100,473$13,327,812$14,885,286
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$1,414,750$1,099,113$896,262$526,650$374,400$497,600$690,800$669,567
Program service revenue including government fees and contracts$1,455,283$1,146,838$1,425,136$1,559,324$1,579,554$2,528,632$2,528,647$3,434,143
Membership dues and assessments$277,856$285,125$289,950$232,267$283,016$397,498$379,394$491,214
Interest on savings and temporary cash investments$683,884$704,281$543,264$230,427$132,317$161,228$258,973$237,279
Dividends and interest from securities$1,484,617$1,801,844$1,925,221$1,073,540$1,027,702$1,644,096$1,579,839$1,826,981
Net rental income or (loss)$81,140$29,402$64,720$16,395$-57,884$184,173$79,602$38,648
Gross rents$249,827$192,851$208,263$105,367$170,805$857,850$717,202$678,767
Less: rental expenses$168,687$163,449$143,543$88,972$228,689$673,677$637,600$640,119
Other investment income$600,533$70,285$21,447$8,494$6,964$16,102$15,331$0
Gain or (loss) from sales of assets other than inventory$-6,670,041$315,599$-3,544,706$15,796,358$10,893,429$-1,827,484$3,222,845$8,759,497
Gross amount from sales of assets other than inventory$203,806,485$98,566,026$55,952,792$109,374,675$137,368,911$77,295,005$32,709,268$33,341,031
Less: cost or other basis and sales expenses$210,476,526$98,250,427$59,497,498$93,578,317$126,475,482$79,122,489$29,486,423$24,581,534
Net income or (loss) from special events and activities$0$0$0$0$-171,626$-6,235$-23,513$3,454
Gross revenue$0$0$0$0$148,500$23,010$21,608$34,125
Less: direct expenses other than fundraising expenses$0$0$0$0$320,126$29,245$45,121$30,671
Gross profit or (loss) from sales of inventory$39,189$1,265$6,003$-93,022$-124,532$95,538$68,191$223,992
Gross sales of inventory, less returns and allowances$1,393,483$1,291,905$1,105,694$779,530$358,428$1,281,115$1,206,333$1,967,812
Less: cost of goods sold$1,354,294$1,290,640$1,099,691$872,552$482,960$1,185,577$1,138,142$1,743,820
Other revenue$20,292$76,201$1,109,827$357,011$232,604$447,549$703,616$957,543
Total expenses$16,313,090$18,140,441$17,298,690$16,903,510$21,384,611$24,403,576$26,761,812$26,162,234
Program services$12,131,920$13,106,125$12,342,740$11,824,298$14,838,446$17,129,281$18,811,895$18,642,868
Management and general$3,214,741$4,095,001$3,996,494$4,117,105$5,301,881$6,072,746$6,480,767$5,909,464
Fundraising$966,429$939,315$959,456$962,107$1,244,284$1,201,549$1,469,150$1,609,902
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$216,972,385$211,045,885$215,539,280$241,465,737$258,865,089$264,212,153$279,872,454$261,213,302
Excess or (deficit) for the year$5,134,942$2,310,068$222,404$22,746,414$15,468,566$-4,164,406$-3,930,275$5,365,370
Net assets or fund balances at beginning of year$231,663,442$216,972,385$211,045,885$215,539,280$241,465,737$258,865,089$264,212,153$279,872,454
Other changes in net assets or fund balances$-19,825,999$-8,236,568$4,270,991$3,180,043$1,930,786$9,511,470$19,590,576$-24,024,522
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$26,162,234$18,642,868$5,909,464$1,609,902
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$737,518$171,634$565,884$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$6,443,963$4,560,563$1,178,408$704,992
Pension plan contributions not included above$359,251$269,438$89,813$0
Employee benefits not included above$199,144$174,619$24,525$0
Payroll taxes$355,471$266,603$88,868$0
Professional fundraising fees$11,871$0$0$11,871
Accounting fees$87,469$0$87,469$0
Legal fees$43,610$263$43,347$0
Supplies$874,886$702,411$150,524$21,951
Telephone$58,911$45,416$11,832$1,663
Postage and shipping$1,553,603$1,477,107$45,810$30,686
Occupancy$757,865$501,631$256,234$0
Equipment rental and maintenance$113,882$91,461$22,101$320
Printing and publications$725,494$601,813$18,085$105,596
Travel$658,933$437,308$28,956$192,669
Conferences, conventions, and meetings$9,451$6,314$967$2,170
Interest$1,183,139$448,206$734,933$0
Depreciation, depletion, etc.$3,258,459$2,016,549$1,241,910$0
Other expenses not covered above$8,729,314$6,871,532$1,319,798$537,984
Balance Sheets
20002001200220032004200520062007
Total assets$219,044,091$224,782,398$232,469,003$263,730,808$295,014,370$302,743,261$317,271,148$296,341,638
Cash - non-interest-bearing$978,457$962,516$2,185,398$3,477,355$643,091$1,290,517$1,788,249$3,464,387
Savings and temporary cash investments$8,477,454$24,333,943$17,239,207$13,974,805$8,836,128$10,102,363$9,564,518$19,554,128
Accounts receivable less allowance for doubtful accounts$377,109$239,414$2,146,168$475,171$771,229$721,387$362,374$1,543,877
Pledges receivable less allowance for doubtful accounts$12,643,521$14,946,683$19,531,775$22,369,573$26,448,478$21,122,081$16,970,114$11,307,957
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$541,058$537,273$429,755$129,294$268,128$366,652$445,023$471,364
Prepaid expenses and deferred charges$426,884$65,717$55,682$61,274$96,054$180,603$241,696$183,291
Investments - publicly-traded securities$108,612,003$94,309,367
Investments - other securities$178,169,077$163,846,583$164,229,365$172,566,605$184,231,835$189,105,064$100,217,307$89,099,240
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$17,430,531$19,850,269$26,651,653$50,676,731$73,719,427$79,854,594$79,069,864$76,163,960
Other assets, including program-related investments$0$0$0$0$0$0$0$244,067
Total liabilities$2,071,706$13,736,513$16,929,723$22,265,071$36,149,281$38,531,108$37,398,694$35,128,336
Accounts payable and accrued expenses$1,865,523$2,165,855$5,383,062$6,190,527$4,458,483$4,512,490$5,249,942$4,471,430
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$206,183$145,658$121,661$12,544$475,798$884,887$1,230,759$1,275,466
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$11,425,000$11,425,000$11,425,000$11,425,000$11,425,000$11,425,000$11,425,000
Mortgages and other notes payable$0$0$0$4,637,000$19,790,000$13,250,000$12,250,000$10,900,000
Other liabilities$0$0$0$0$0$8,458,731$7,242,993$7,056,440
Total liabilities and net assets/fund balances$219,044,091$224,782,398$232,469,003$263,730,808$295,014,370$302,743,261$317,271,148$296,341,638
Total net assets or fund balances$216,972,385$211,045,885$215,539,280$241,465,737$258,865,089$264,212,153$279,872,454$261,213,302
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$21,448,032$20,450,509$17,521,094$39,649,924$36,853,177$20,239,170$22,831,537$31,527,604
Total revenue, gains, and other support per audited financial statements$5,272,839$14,775,028$36,790,420$54,070,146$40,505,666$33,221,121$44,824,110$11,480,741
Other expenses$3,650,806$2,561,087$19,269,326$14,420,222$3,652,489$18,208,451$26,300,350$-18,523,414
Net unrealized gains on investments$0$0$2,812,837$4,195,244$1,954,170$15,742,525$23,898,353$-18,523,414
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$3,650,806$2,561,087$16,456,489$10,224,978$1,698,319$2,465,926$2,401,997$0
Other revenue$19,825,999$8,236,568$0$0$0$5,226,500$4,307,777$1,523,449
Investment expenses$0$0$0$0$0$0$0$0
Other$19,825,999$8,236,568$0$0$0$5,226,500$4,307,777$1,523,449
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$16,313,090$18,140,441$17,298,690$16,903,510$21,384,611$24,403,576$26,761,812$26,162,234
Total expenses and losses per audited financial statements$19,963,896$20,701,528$32,297,025$28,143,689$23,106,314$26,835,961$29,163,809$30,139,893
Other revenue$3,650,806$2,561,087$14,998,335$11,240,179$1,721,703$2,465,926$2,401,997$3,977,659
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$3,650,806$2,561,087$14,998,335$11,240,179$1,721,703$2,465,926$2,401,997$3,977,659
Other expenses$0$0$0$0$0$33,541$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$33,541$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$240,039$18,236$0
35$230,529$16,122$0
35$84,752$396$0
35$133,365$14,079$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings45
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006175
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$18,354$11,123,276$4,831,121
Program service revenue
Program service revenue 1000000$000$0$969,049
Program service revenue 2000000$000$0$573,347
Program service revenue 3000000$000$0$511,227
Program service revenue 4000000$000$0$347,790
Program service revenue 5000000$000$0$1,032,730
$0$0$969,049
$0$0$511,227
$0$0$347,790
$0$0$193,118
$0$0$221,776
$0$0$229,797
$0$0$52,379
$0$0$3,370
$0$0$573,347
$0$0$299,275
$0$0$33,015
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$491,214
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$237,279$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,826,981$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed propertyLessors of nonresidential buildings (except miniwarehouses)$5,667Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$32,981$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$8,759,497$0
Net income or (loss) from special events000000$000$0$3,454
Gross profit or (loss) from sales of inventoryGift, novelty, and souvenir stores$5,95200$0$218,040
Other revenueAdvertising and related services$6,735Income from an activity that is not regularly carried on (section 512(a)(1))$266,538$684,270
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$215,000$21,474$0
$160,700$15,792$0
$128,495$15,390$0
$111,250$13,719$0
$106,510$11,754$0
Total number of other employees paid over $50,00039
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$43,686
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$16,673,141$25,199,465$19,365,113$15,796,155$23,544,287$22,533,415$29,779,037$26,195,833
Gifts, grants, and contributions received$9,575,230$19,080,740$13,655,973$11,071,143$17,522,215$19,041,073$22,574,318$18,595,432
Membership fees received$293,088$277,856$285,215$289,950$232,267$283,016$397,497$379,394
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$3,491,669$2,737,689$2,527,590$581,340$3,983,755$1,633,975$3,814,010$4,057,499
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$3,297,058$3,082,888$2,820,125$2,743,895$1,449,039$1,342,747$2,545,663$2,459,892
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$16,096$20,292$76,210$1,109,827$357,011$232,604$447,549$703,616
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$24,592,743
Total lobbying expenditures$43,686
Total lobbying expenditures to influence public opinion (grassroots lobbying)$41,580
Total lobbying expenditures to influence a legislative body (direct lobbying)$2,106
Other exempt purpose expenditures$24,549,057
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$614,030$679,731$-65,701
Gross receipts or sales less returns and allowances$23,868$0$0
Cost of goods sold$29,403$0$0
Gross profit$-5,535$0$-5,535
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$619,565$679,731$-60,166
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-65,701
Unrelated business taxable income before net operating loss deduction$-65,701
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-65,701
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Walker Art Center Inc1750 Hennepin Ave, Minneapolis, MN 55403-2115MN1946-09$31,374,505
2St Louis County Heritage & Arts CenterDuluth, MN 55802MN$679,668
3St Anns Warehouse Inc55 Washington St Ste 458, Brooklyn, NY 11201-1059NY1984-01$5,107,486
4The Wichita Center For The Arts Inc9112 E Central Ave, Wichita, KS 67206-2506KS1935-07$3,431,371
5Museum Of Contemporary Art Santa Barbara Inc653 Paseo Nuevo, Santa Barbara, CA 93101-3392CA1979-02$3,272,599
6The Ark117 N 1st St Ste 40, Ann Arbor, MI 48104-1354MI1984-03$3,164,867
7Seward Redesign Inc2619 East Franklin Ave, Minneapolis, MN 55406-1300MN1975-11$2,038,214
8Bloomington Theatre And Art Center1800 W Old Shakopee Rd, Bloomington, MN 55431-3071MN1977-05$1,962,698
9Sesame Flyers International Inc3510 Church Ave, Brooklyn, NY 11203-2804NY1992-03$1,960,263
10White Bear Center For The Arts4971 Long Ave, White Bear Lk, MN 55110-2629MN1968-05$1,938,548
11Sausalito Art Festival FoundationPO BOX 10, Sausalito, CA 94966-0010CA2001-08$1,854,005
12Tapestry Folkdance Center3748 Minnehaha Ave, Minneapolis, MN 55406-2668MN1983-12$172,918
13Red Wing Art Association418 Levee Rd, Red Wing, MN 55066-2333MN1953-02$126,745
14Culture Incorporated30 East 7th Street No 2490, St Paul, MN 55101MN1997-03$85,009
15Dakota Center For The ArtsPO BOX 211609, Eagan, MN 55121-3609MN1963-05$55,597
16Friends Of The Hopkins Center For The Arts Inc1111 Mainstreet, Hopkins, MN 55343-7552MN1995-04$53,546
17Albert Lea Art CenterPO BOX 313, Albert Lea, MN 56007-0313MN1961-01$46,432
18Phelps Mill CountryPO BOX 183, Battle Lake, MN 56515-0183MN1993-03$45,154
19Minnesota Folk Festival Inc626 Armstrong Ave, St Paul, MN 55102-3800MN1998-08$45,113
20Saint Paul Arts Partnership75 5th St W Ste 304, Saint Paul, MN 55102-1423MN1998-06$0
Number of organizations performing similar types of work
Alaska4
Alabama5
Arkansas8
Arizona9
California76
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida33
Georgia11
Hawaii12
Iowa6
Idaho2
Illinois20
Indiana5
Kansas10
Kentucky4
Louisiana11
Massachusetts31
Maryland19
Maine6
Michigan21
Minnesota15
Missouri11
Mississippi2
Montana7
North Carolina27
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York75
Ohio23
Oklahoma4
Oregon11
Pennsylvania38
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas34
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total720

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