2019-12-19T08:59:22-06:00 2019-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2018-07-01 410693929 Walker Art Center % Mary Polta WALK 6123757647 725 Vineland Place Minneapolis MN 55403 MARY POLTA CFO 6123757647 2019-12-17 true Holly K Moen P01800653 6123055000 2019-12-17 167.68.102.5 41438720193535000000 2019-12-19 P D62D24C6D336028470863B0825818D0C3237C4FC 8BD7D0D2F7BAF24950AAE7E4793AA7726A034EC5 2018 2020-04-17 16:48:07Z Mary Polta 725 Vineland Place Minneapolis MN 55403 29101535 false X www.walkerart.org X 1946 MN Walker Art Center is a catalyst for the creative expression of artists and the active engagement of audiences that examines the questions that shape and inspire us. 46 46 191 363 -59099 13313 17988405 11275219 4150573 3138240 2986697 3090498 327347 236227 25453022 17740184 0 0 0 0 9801478 9076469 0 0 1250706 17006636 16196362 26808114 25272831 -1355092 -7532647 313028978 315379486 8790081 7192103 304238897 308187383 X Walker Art Center is a catalyst for the creative expression of artists and the active engagement of audiences that examines the questions that shape and inspire us as individuals, cultures and communities. false false 5874867 1222303 Exhibitions of paintings, sculpture, prints, photography and digital media with an emphasis on contemporary art. 2599430 0 Art acquisitions: addition of art works to the permanent collection for public viewing 2611730 193748 Performing Arts; Presentation of various performances including dance, music, and theater. 1527223 463897 Moving Image 2131402 55315 Education and Public Programs 2551393 1114769 Outdoor programming 718145 88208 Program Support 179760 Digital Media Initiatives 508042 Fellowships 53902 Art acquisition expenses 2660 Royalties 29705 Facility Rental Related -20899 Retail Related 115283 Ticketing Related 70000 Restaurant Equipment Amortization 5113 Miscellaneous 7669867 1924051 18755894 true true false true false false false true false true true true false false true true true false false false true false false false true false false false false true false false false false false false false false true true false false false false false false false true 261 0 true 191 true true true false false false false true true false false false false false false X 46 46 true false false false false false false true true false false true true true true true true true true false MN X Mary Polta 6123757647 725 Vineland Place Minneapolis MN 55403 X Teresa Rasmussen Secretary 1.0 0.0 X X 0 0 0 John Christakos President 1.0 0.0 X X 0 0 0 John Whaley Treasurer 1.0 0.0 X X 0 0 0 Monica Nassif Public Member 1.0 0.0 X 0 0 0 Adrian Walker Public Member 1.0 0.0 X 0 0 0 Amit Sahasrabudhe Public Member 1.0 0.0 X 0 0 0 Andrew Duff Public Member 1.0 0.0 X 0 0 0 Andrew Humphrey Public Member 1.0 0.0 X 0 0 0 Ann Cadwalader Public Member 1.0 0.0 X 0 0 0 Ann Hatch Public Member 1.0 0.0 X 0 0 0 Bill Jonason Public Member 1.0 0.0 X 0 0 0 Brian Pietsch Public Member 1.0 0.0 X 0 0 0 Chris Killingstad Public Member 1.0 0.0 X 0 0 0 D Ellen Wilson Public Member 1.0 0.0 X 0 0 0 Daniel Grossman Public Member 1.0 0.0 X 0 0 0 David Moore Jr Public Member 1.0 0.0 X 0 0 0 Gayle Schueller Public Member 1.0 0.0 X 0 0 0 Gil Roeder Public Member 1.0 0.0 X 0 0 0 Greg Stenmoe Public Member 1.0 0.0 X 0 0 0 Jan Breyer Public Member 1.0 0.0 X 0 0 0 Jean Walker Lowell Public Member 1.0 0.0 X 0 0 0 Jennifer Martin Public Member 1.0 0.0 X 0 0 0 Jesse Singh Public Member 1.0 0.0 X 0 0 0 Jim Murphy Public Member 1.0 0.0 X 0 0 0 Joel Ronning Public Member 1.0 0.0 X 0 0 0 Julie Guggemos Public Member 1.0 0.0 X 0 0 0 Karen Heithoff Public Member 1.0 0.0 X 0 0 0 Laura Taft Public Member 1.0 0.0 X 0 0 0 Marge Weiser Public Member 1.0 0.0 X 0 0 0 Mark Addicks Public Member 1.0 0.0 X 0 0 0 Mark Greene Public Member 1.0 0.0 X 0 0 0 Mark Jordahl Public Member 1.0 0.0 X 0 0 0 Michael Peterman Public Member 1.0 0.0 X 0 0 0 Nina Hale Public Member 1.0 0.0 X 0 0 0 Patrick Peyton Vice-President 1.0 0.0 X X 0 0 0 Peter Remes Public Member 1.0 0.0 X 0 0 0 RD Zimmerman Public Member 1.0 0.0 X 0 0 0 Seena Hodges Public Member 1.0 0.0 X 0 0 0 Sima Griffith Public Member 1.0 0.0 X 0 0 0 Susan White Public Member 1.0 0.0 X 0 0 0 Valerie Lemaine Public Member 1.0 0.0 X 0 0 0 Wim Stocks Public Member 1.0 0.0 X 0 0 0 Y Ralph Chu Public Member 1.0 0.0 X 0 0 0 Anne Labovitz Public Member 1.0 0.0 X 0 0 0 Muffy MacMillan Public Member 1.0 0.0 X 0 0 0 Simone Ahuja Public Member 1.0 0.0 X 0 0 0 Christopher Stevens Chief of Advancement 35.0 0.0 X 241213 0 27301 Mary Polta Chief Financial Officer 35.0 0.0 X 197769 0 19455 Richele Donat Director, Human Resources 35.0 0.0 X 138873 0 15189 Siri Engberg Sr Curator/Director Exhibtns 35.0 0.0 X 118329 0 18234 Michael Bettison Director, Techngly thru 11/18 35.0 0.0 X 140236 0 18987 Nisa Mackie Director, Education 35.0 0.0 X 117668 0 13328 Philip Bither Sr Curator Performing Arts 35.0 0.0 X 171086 0 21912 Olga Viso Executive Director, thru 12/17 0.0 0.0 X 544313 0 7251 1669487 0 141657 12 true true false Common Sense Building Services 1300 Godward St NE Minneapolis MN 55413 Contracted Service 1400631 Minneapolis Park Board 2117 West River Road Minneapolis MN 55411 Scul. Garden Constr. 788731 Matthew Marks Gallery 523 West 24th Street New York NY 10011 Sculpt. Fabrication 723900 Tonya Bonakdar 521 West 21st Street New York NY 10011 Sculpt. Fabrication 500000 Culinaire 8303 Elmbrook Drive Dallas TX 75247 Catering 315024 15 X 412631 1037695 1060242 8764651 668048 11275219 Event Admissions 711310 1418012 1418012 Museum Admissions 712110 451572 451572 CoSponsor Fees 712110 21500 21500 Exhibition Rental and Shipping Fees 712110 511936 511936 Exhibition Catalogs and Prints 511130 239094 239094 496126 496126 3138240 1074668 1074668 0 2660 2660 1251387 854304 397083 0 397083 29705 -59099 426477 11194076 9178246 2015830 2015830 2015830 182164 1037695 501469 -319305 -319305 0 0 0 792725 827332 -34607 -20899 -13708 Ticket Service Charges 711310 115283 115283 Restaurant Equipment Amortization 722310 70000 70000 Miscellaneous 712110 5113 5113 5113 5113 190396 17740184 3340102 -59099 3183962 X 0 0 0 0 730685 138706 332075 259904 0 7161793 4961727 1518435 681631 333183 236560 96623 449966 319476 130490 400842 284598 116244 0 131119 131119 110025 110025 38758 38758 0 0 4338212 3849697 470951 17564 790499 763799 5232 21468 1086124 935117 123565 27442 25036 19222 5771 43 6818 6818 518813 388334 130479 587034 474376 98044 14614 0 25480 15213 6572 3695 8587 8587 0 3396599 1878122 1518477 224311 162829 61482 Art Acquisitions 2599430 2599430 Equip Rental & Maintenance 364266 183592 180674 Exhibition Fees and Shipping 783924 783924 Hospitality 443146 278067 58347 106732 718181 476287 124281 117613 25272831 18755894 5266231 1250706 1272240 1161291 13391675 9881173 7519796 4653194 349887 634618 20833 0 0 0 0 0 359164 344393 334384 311860 124869353 50519801 77802284 74349552 0 0 211978715 224043405 0 0 0 0 0 0 313028978 315379486 3013646 2087565 0 0 513380 595447 0 0 0 0 0 0 0 0 387772 0 4875283 4509091 8790081 7192103 X 107401544 106775477 91577303 4914981 105260050 196496925 304238897 308187383 313028978 315379486 X -7532647 14706658 -3225525 X false true X true false X 20184450 17138539 22307528 17988405 11275219 88894141 0 0 20184450 17138539 22307528 17988405 11275219 88894141 21109408 67784733 1346230 1101347 1193749 1654020 2328715 7624061 0 146983 1153946 818222 194861 190396 2504408 99022610 22380678 0.68454 0.67597 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37564 1194 38758 25234073 25272831 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 55901 43173 38526 38758 176358 250000 250000 250000 250000 1000000 1500000 40921 38027 37552 38758 155258 X X X X true 200571562 23940871 17679856 9399246 232793043 191769091 3573325 14475331 9246185 200571562 189327719 9428517 13854735 20841880 191769091 199719391 6435895 1872205 18699772 189327719 190943269 7125447 10014099 8363424 199719391 0.16000 0.84000 0.00000 true false 13760159 13760159 100181838 45776106 54405732 8080802 3901077 4179725 2846554 842618 2003936 74349552 INVESTMENTS HELD BY OTHERS 221922112 F OAKLEAF BENEFICIAL INT. TRUST 2121293 F 224043405 0 DEFERRED CHARGE 390000 SPECIAL ASSESSMENT LIABILITY 3366012 ASSET RETIREMENT OBLIGATION 707054 FINANCIAL DERIVATIVES 46025 4509091 X 32804422 14706658 2183105 16889763 15914659 1825525 1825525 17740184 28855936 2183105 2183105 26672831 -1400000 -1400000 25272831 Part III Line 1a Works of art in the Walker's collection are not recognized as assets on the statement of financial position. Purchases of artwork are recorded as decreases in unrestricted net assets in the year in which the items are acquired. If a donor makes a contribution intended to fund the subsequent purchase of artwork, the contribution is recorded as a donor restricted net asset. Contributions of works of art are not reflected on the financial statements. Part III Line 4 The Walker has an internationally acclaimed collection of modern and contemporary visual art, which grows each year through new acquisitions and now includes more than 11,000 works. The collection spans a diverse range of media that includes painting, sculpture, film, video, photography and works on paper. These diverse holdings reflect the Walker's unique multidisciplinary offerings in the visual, performing and media arts of our time. They provide a document of the cultural, historical and social issues that have animated the arts of the past half-century. Part V Line 1 LINE 1b CONTRIBUTIONS INCLUDES $24,157,082 RECLASS OF DISSOLVED BENEFICIAL INTEREST IN TRUST. Part V, Line 4 Walker's endowment provides an essential source of financial support which enables the organization to carry out its mission of being a catalyst for the creative expression of artists and the active engagement of audiences that examines the questions that shape and inspire us as individuals, cultures and communities. It is the key financial driver for the Walker's artistic excellence and stature in the contemporary arts field, providing resources for programming challenging and innovative work. Part X Line 2 The Walker's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The Walker has no uncertain tax positions resulting in an accrual of tax expense or benefit. Part XI - Reconciliation of Revenue, Line 2d $854,304 Part VIII Line 6b $501,469 Part VIII Line 8b $827,332 Part VIII Line 10b ----------- $2,183,105 Total, Part XI, Line 2d Part XI - Reconciliation of Revenue, Line 4b $3,225,525 Adjustment for prior year pledges $1,400,000 Adjustment for Contribution Loss ----------- $1,825,525 Total, Part XI, Line 4b Part XII - Reconciliation of Expenses, Line 2d $854,304 Part VIII Line 6b $501,469 Part VIII Line 8b $827,332 Part VIII Line 10b ------------ $2,183,105 Total, Part XII, Line 2d Part XII - Reconciliation of Expenses, Line 4b ($1,400,000) CONTRIBUTION LOSS Europe (Including Iceland and Greenland) 0 0 Program Services Travel and Catalogues 178673 North America 0 0 Program Services Staff Travel 2518 South America 0 0 Program Services Staff Travel 1872 East Asia and the Pacific 0 0 Program Services Staff Travel 848 0 0 0 0 183911 183911 false false false false false false NA this year false Gala - Dinner 580392 404228 176164 213792 105268 33680 111350 Gala - Auction 639467 633467 6000 37379 0 1219859 1037695 182164 213792 105268 33680 148729 501469 -319305 1750 Hennepin Avenue Minneapolis MN 55403 Part I Line 1 THE WALKER FALL 2018 FUNDRAISING EVENT GENERATED TOTAL INCOME OF $1,526,934 FROM INDIVIDUAL AND CORPORATE SPONSORSHIPS, TICKET SALES, AUCTION AND RAFFLE PROCEEDS AND HAD DIRECT EXPENSES OF $501,469 NETTING THE INSTITUTION $1,025,465. Part II DONATED ITEMS TO THE AUCTION INCLUDED 33 WORKS OF ART. THESE 33 ARTWORKS WERE DONATED BY ARTISTS AND GALLERIES AND APPRAISED BY AN INDEPENDENT ART APPRAISER. X X true true X X X true false false false false false false false false Christopher Stevens Chief of Advancement 241213 0 0 0 27301 0 268514 0 0 0 Mary Polta Chief Financial Officer 197769 0 0 19455 0 217224 0 0 0 Olga Viso Executive Director, thru 12/17 544313 0 0 7251 0 551564 0 0 0 Richele Donat Director, Human Resources 138873 0 0 15189 0 154062 0 0 0 Michael Bettison Director, Techngly thru 11/18 140236 0 0 18987 0 159223 0 0 0 Philip Bither Sr Curator Performing Arts 171086 0 0 21912 0 192998 0 0 0 Part I Line 4a IN FISCAL YEAR 2018-19 EXECUTIVE DIRECTOR OLGA VISO WAS PAID $500,000 IN SEVERANCE PAY. X 58 519400 IND ART APPRAISAL X 17 148648 Proceeds Received false false false Part I Line 1 ARTWORK DONATED THE WALKER ART CENTER HAS ELECTED UNDER SFAS 116 NEITHER TO RECOGNIZE REVENUE IN ITS STATEMENT OF OPERATIONS, NOR ASSETS ON ITS STATEMENT OF POSITION, WHEN DONATIONS OF ARTWORK ARE RECEIVED. THEREFORE, NO REVENUE IS RECOGNIZED ON PART VIII LINE 1 FOR THESE DONATIONS. Form 990 Part VI Line 2 A MAXIMUM OF 20 WALKER FAMILY MEMBERS MAY BE APPOINTED. IN 2018-19 THERE WERE 5 WALKER FAMILY MEMBERS APPOINTED. Form 990 Part VI Line 6 WALKER ART CENTER HAS A BASIC MEMBERSHIP CATEGORY OF ANNUAL GIVING. Form 990 Part VI Line 11b PREPARATION OF THE 990 BEGINS AFTER THE COMPLETION OF THE ANNUAL AUDIT AND ITS APPROVAL BY THE BOARD OF DIRECTORS. FINANCIAL INFORMATION IS TAKEN FROM THE ACCOUNTING DEPARTMENT RECORDS AND COMBINED WITH OTHER INSTITUTIONAL DATA AND CONTRIBUTION INFORMATION PROVIDED BY THE DEVELOPMENT DEPARTMENT. ALL INFORMATION IS FORWARDED TO THE PREPARER WHO ASSEMBLES THE RETURN FOR PRELIMINARY REVIEW BY WALKER STAFF AND BOARD. THEN THE RETURN IS EDITED AND FORWARDED TO THE PREPARER FOR FINAL COMPLETION AND FILED WITH ALL FEDERAL AND STATE ENTITIES. Form 990 Part VI Line 12c AUDIT COMMITTEE ANNUALLY REVIEWS ALL STAFF AND BOARD DISCLOSURES. IF THERE ARE SIGNIFICANT CONFLICTS, THE COMMITTEE REPORTS THIS TO THE FULL BOARD. Form 990 Part VI Line 15a SALARIES BASED ON ANNUAL PERFORMANCE EVALUATIONS, RELEVANT COMPARATIVE DATA COMPILED BY INDEPENDENT STUDIES. THE BOARD TALENT COMPENSATION COMMITTEE AUTHORIZES SALARY FOR THE EXECUTIVE DIRECTOR, REVIEWS EXECUTIVE RECOMMENDATIONS FOR KEY SENIOR STAFF SALARIES. Form 990 Part VI Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990 Part VIII Line 3 Investment income including interest and dividends $1,988,180 Less investment manager fees $(913,512) ------------------- $1,074,668 Form 990 Part XI Line 9 ($3,225,525) ADJUSTMENT FOR PRIOR PERIOD PLEDGES. FORM 990 PART IX LINE 11G DESCRIPTION:Honoraria TOTAL FEES:316747 FORM 990 PART IX LINE 11G DESCRIPTION:Artistic Fees TOTAL FEES:599135 FORM 990 PART IX LINE 11G DESCRIPTION:Author Fees TOTAL FEES:28734 FORM 990 PART IX LINE 11G DESCRIPTION:CoSponsor Fees TOTAL FEES:229487 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Services TOTAL FEES:1265704 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Computer Support TOTAL FEES:342661 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Maintenance TOTAL FEES:183085 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Janitorial TOTAL FEES:330974 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Security TOTAL FEES:1011542 FORM 990 PART IX LINE 11G DESCRIPTION:Contract Conservation TOTAL FEES:30143