2016-12-22T08:39:08-06:00 2016-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2015-07-01 410693929 Walker Art Center % Mary Polta WALK 6123757647 1750 Hennepin Avenue Minneapolis MN 55403 MARY POLTA CFO 6123757647 2016-12-22 true Monroe Gierl P01413237 6123055000 2015 2017-02-10 21:41:12Z Mary Polta 1750 Hennepin Avenue Minneapolis MN 55403 39045220 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. 53 53 228 423 148631 37952 20184450 17138539 4016260 4410214 2411297 2268871 500642 1605301 27112649 25422925 0 0 0 0 8613314 8937130 0 0 1233747 16054444 17069525 24667758 26006655 2444891 -583730 304238500 303711909 9901017 12846237 294337483 290865672 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 8217813 1948603 Exhibitions of paintings, sculpture, prints, photography and new media with an emphasis on contemporary art. 2969847 1704143 Outdoor programming and sculpture garden: artist designed minigolf and Rock the Garden programming. 2364026 Art acquisitions 416747 Art acquisitions Expenses 1958284 177292 Performing Arts 90898 New Media Initiatives 202725 Facility: Campus Master Plan 616683 76374 Program Support 1196286 320959 Moving IMage 1528911 183831 Education and Public Programs 295320 Fellowships 7347 Royalties 42764 Facility Rental Related 77373 Retail Related 118525 Ticketing Related 22177 Restaurant Equipment Amortization 1012253 Insurance Claim Proceeds 6305855 2038895 19857541 true true false true false false false true false true true true false false true true true false false false false false false false true false false false false true false false false true false false false false true true false false false false false false false true 273 0 true 228 true true true false false false false true true false false false false X 53 53 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 1750 Hennepin Avenue Minneapolis MN 55403 X Patrick Denzer President 1.0 0.0 X X 0 0 0 John Whaley Treasurer 1.0 X X 0 0 0 John Christakos Vice-President 1.0 X X 0 0 0 Monica Nassif Vice-President 1.0 X X 0 0 0 Adrian Walker Public Member 1.0 X 0 0 0 Andrew Humphrey Public Member 1.0 X 0 0 0 Andrew S Duff Public Member 1.0 X 0 0 0 Ann Cadwalader Public Member 1.0 X 0 0 0 Ann Hatch Public Member 1.0 X 0 0 0 Anne Labovitz Public Member 1.0 X 0 0 0 Audrey Wilf Public Member 1.0 X 0 0 0 Carol Surface Public Member 1.0 X 0 0 0 Chris Askew Public Member 1.0 X 0 0 0 D Ellen Wilson Public Member 1.0 X 0 0 0 Donna Pohlad Secretary 1.0 X X 0 0 0 Elaine B Walker Public Member 1.0 X 0 0 0 Elizabeth Redleaf Public Member 1.0 X 0 0 0 Gil Roeder Public Member 1.0 X 0 0 0 Greg Stenmoe Public Member 1.0 X 0 0 0 Jan Breyer Public Member 1.0 X 0 0 0 Jean Walker Lowell Public Member 1.0 X 0 0 0 Jennifer Martin Public Member 1.0 X 0 0 0 Jesse Singh Public Member 1.0 X 0 0 0 Joel Ronning Public Member 1.0 X 0 0 0 Julie Guggemos Public Member 1.0 X 0 0 0 Laura Taft Public Member 1.0 X 0 0 0 Lindsey Walker Public Member 1.0 X 0 0 0 Lynn Carlson Schell Public Member 1.0 X 0 0 0 Michael Peterman Public Member 1.0 X 0 0 0 Muffy MacMillan Public Member 1.0 X 0 0 0 Nina Hale Public Member 1.0 X 0 0 0 Patrick Peyton Public Member 1.0 X 0 0 0 Rebecca Pohlad Public Member 1.0 X 0 0 0 Sima Griffith Public Member 1.0 X 0 0 0 Susan White Public Member 1.0 X 0 0 0 Teresa Rasmussen Public Member 1.0 X 0 0 0 Tom Wicka Public Member 1.0 X 0 0 0 Wim Stocks Public Member 1.0 X 0 0 0 James Dayton Public Member 1.0 X 0 0 0 Dave Moore Jr Public Member 1.0 X 0 0 0 Dick Payne Public Member 1.0 X 0 0 0 Peter Remes Public Member 1.0 X 0 0 0 Wayne Zink Public Member 1.0 X 0 0 0 Karen Heitoff Public Member 1.0 X 0 0 0 Ben Hirst Public Member 1.0 X 0 0 0 Bill Jonason Public Member 1.0 X 0 0 0 Matthew Knopf Public Member 1.0 X 0 0 0 Alfredo Martel Public Member 1.0 X 0 0 0 Aedie McEvoy Public Member 1.0 X 0 0 0 Dean Phillips Public Member 1.0 X 0 0 0 Brian Pietsch Public Member 1.0 X 0 0 0 Greta Warren Public Member 1.0 X 0 0 0 Jim Murphy Public Member 1.0 X 0 0 0 amy kern public member 1.0 X 0 0 0 Christopher Stevens Chief of Advancement 35.0 X 209577 0 16566 David Galligan Deputy Director, COO 35.0 X 256685 0 25326 Mary Polta Chief Financial Officer 35.0 X 158158 0 15735 Olga Viso Executive Director 35.0 X 496355 0 25504 Andrew Blauvelt Sr Curator Design 35.0 X 134262 0 10019 Philip Bither Sr Curator Performing Arts 35.0 X 162994 0 18903 Robin Dowden Director of Technology 35.0 X 138382 0 9194 Richele Donat Director, Human Resources 35.0 X 109848 0 11997 Fionn Meade Artistic Director 35.0 X 123269 0 14799 1789530 0 148043 9 false true false Common Sense Building Services 1300 Godward St NE Minneapolis MN 55413 Contracted Service 1511998 DAmico Catering Inc 211 N First Street Minneapolis MN 55401 Catering 461628 M A Mortenson 700 Meadow Lane North Minneapolis MN 55422 Construction 1060722 Hammel Green and Abrahamson 701 Washington Avenue Minneapolis MN 55401 Architect 1573880 Tegra Group 801 Nicollet Mall Minneapolis MN 55402 Bldg Project Mgmt 275302 10 X 397538 664371 922364 15154266 672693 17138539 Event Admissions 711190 1683735 1683735 Museum Admissions 713990 488329 488329 CoSponsor Fees 711190 3520 3520 Exhibition Rental and Shipping Fees 713990 1264215 1264215 Exhibition Catalogs and Prints 713990 185859 185859 784556 784556 4410214 -232840 -232840 0 7347 7347 1334187 764755 569432 0 569432 42764 150711 375957 14033592 11531881 2501711 2501711 2501711 121205 664371 321919 -200714 -200714 0 1079032 1003740 75293 77373 -2080 Ticket Service Charges 711300 118525 118525 Restaurant Equipment Amortization 541800 22177 22177 Miscellaneous 713110 988 988 1012253 1012253 1153943 25422925 5691641 148631 2444114 X 1256202 352460 668311 235431 6649552 4614830 1435183 599539 294163 215915 78248 373584 274397 99187 363629 266904 96725 126878 79590 47288 98425 98425 55901 55901 0 4555919 4267606 247293 41020 905007 866453 1777 36777 1153119 979037 140149 33933 55367 42142 13225 6964 6964 478022 370410 107612 580556 475489 80078 24989 20713 17501 767 2445 15037 15037 2935620 1728856 1206764 222263 162212 60051 Art Acquisitions 2364026 2364026 EXHIBITION FEES & SHIPPING 1327399 1320111 7288 Printing 530284 465884 64400 HOSPITALITY 465383 283243 52062 130078 1172642 688474 419033 65135 26006655 19857541 4915367 1233747 6514468 936205 15334018 22192545 13662397 14040269 527370 563705 170833 120833 533434 337385 266849 237395 116937439 40945120 66308147 75992319 200920984 189291253 304238500 303711909 2772961 6202475 902578 613158 853000 603000 5372478 5427604 9901017 12846237 X 91426925 88530144 107582242 105747073 95328316 96588455 294337483 290865672 304238500 303711909 X -583730 -3161813 273732 X false true X true false X 20857801 15331510 11576606 18708829 16471247 82945993 0 0 20857801 15331510 11576606 18708829 16471247 82945993 29569990 53376003 1499221 1851176 1529151 1383337 1123416 7386301 0 117953 126064 141048 146983 1153943 1685991 92018285 22796122 0.58006 0.59540 X NA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40921 14980 55901 25950754 26006655 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 42674 36075 37634 55901 172284 250000 250000 250000 250000 1000000 1500000 35268 33432 37384 40921 147005 NA X X X X true 199719391 6435895 1872205 18699772 189327719 190943269 7125447 10014099 8363424 199719391 166958874 13963341 21445993 11424939 190943269 149823186 12756707 14449819 10070838 166958874 152266156 2250000 2997455 7690425 149823186 0.17000 0.40000 0.43000 true false 10288092 10288092 81886207 36909059 44977148 8080802 3065132 5015670 2532259 970929 1561330 14150079 14150079 75992319 HEDGE FUNDS 307028 F BENEFICIAL INTEREST IN TRUST 21007337 F INVESTMENTS HELD BY OTHERS 167976888 F 189291253 0 DEFERRED CHARGE 235000 SPECIAL ASSESSMENT LIABILITY 4402442 ASSET RETIREMENT OBLIGATION 648165 DERIVATIVE FINANCIAL INSTRUM. 141997 5427604 X 25376125 -3161813 2381145 -780668 26156793 -750866 16998 -733868 25422925 28847936 2107413 2107413 26740523 -750866 16998 -733868 26006655 Part III-Art Collection Question 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 temporarily restricted net asset. Contributions of works of art are not reflected on the financial statements. Question 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-Endowment Use Question 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 Question 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 Revenues, Line 2D $781,754 PART VIII, LINE 6B $321,919 PART VIII, LINE 8B $1,003,740 PART VIII, LINE 10B $273,732 Adjustment for Prior Period Pledges ------------ $2,381,145 Total, Part XI, Line 2D Part XI - Reconciliation of Revenue, Line 4B $16,998 Accrued Federal Income Taxes Part XII - Reconciliation of Expenses, Line 2D $781,754 PART VIII, LINE 6B $321,919 PART VIII, LINE 8B $1,003,740 PART VIII, LINE 10B ------------ $2,107,413 Total, Part XII, Line 2D Part XII - Reconciliation of Expenses, Line 4B $16,998 Accrued Federal Income Taxes NA this year false Gala - Dinner 420576 296371 124205 119726 114326 5500 73730 Gala - Auction 365000 368000 -3000 8637 785576 664371 121205 119726 114326 5500 82367 321919 -200714 1750 Hennepin Avenue Minneapolis MN 55403 Supplemental Information Regarding Fundraising THE WALKER FALL 2015 FUNDRAISING EVENT GENERATED TOTAL INCOME OF $990,576 FROM INDIVIDUAL AND CORPORATE SPONSORSHIPS, TICKET SALES, AUCTION AND RAFFLE PROCEEDS AND HAD DIRECT EXPENSES OF $321,919 NETTING THE INSTITUTION $668,657. Part II DONATED ITEMS TO THE AUCTION INCLUDED SEVEN WORKS OF ART. THESE SEVEN ARTWORKS WERE DONATED BY ARTISTS AND GALLERIES AND APPRAISED BY AN INDEPENDENT ART APPRAISER. X X true true X X X false false false false false false false false false Christopher Stevens Chief of Advancement 209577 0 0 0 0 0 0 0 16566 0 226143 0 0 0 David Galligan Deputy Director, COO 255342 0 0 0 1343 0 0 0 25326 0 282011 0 0 0 Mary Polta Chief Financial Officer 158158 0 0 0 0 0 0 0 15735 0 173893 0 0 0 Olga Viso Executive Director 440013 0 0 0 56342 0 0 0 25504 0 521859 0 0 0 Philip Bither Sr Curator Performing Arts 162994 0 0 0 0 0 0 0 18903 0 181897 0 0 0 Salary In fiscal year 2015-16 Executive Director Olga Viso was paid $2,545 as gross up income calculated on the imputed interest expense for her annual housing allowance installment. Olga Viso Executive Housing X 200000 120833 false true true 120833 X 103 347000 Ind. Art Appraisal X 22 325693 Proceeds received false false false 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 POSITON, 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 2015-16 THERE WERE 7 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. BOARD OFFICERS AUTHORIZE SALARY FOR 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. PART VIII, LINE 3 Investment income $518,026 Less investment manager fees $(750,866) ----------- Net investment income $(232,840) Form 990 Part XI Line 9 $273,732 ADJUSTMENT FOR PRIOR PERIOD PLEDGES FORM 990 PART IX LINE 11G DESCRIPTION:Honoraria TOTAL FEES:259428 FORM 990 PART IX LINE 11G DESCRIPTION:Artistic Fees TOTAL FEES:654592 FORM 990 PART IX LINE 11G DESCRIPTION:Author Fees TOTAL FEES:29153 FORM 990 PART IX LINE 11G DESCRIPTION:CoSponsor Fees TOTAL FEES:226367 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Services TOTAL FEES:1797109 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Computer Support TOTAL FEES:207255 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Maintenance TOTAL FEES:77880 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Janitorial TOTAL FEES:289508 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Security TOTAL FEES:934727 FORM 990 PART IX LINE 11G DESCRIPTION:Contract Conservation TOTAL FEES:79900