2016-01-18T11:27:25-06:00 2015-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2014-07-01 410693929 Walker Art Center % Mary Polta WALK 6123757647 1750 Hennepin Avenue Minneapolis MN 55403 Mary Polta Chief Financial Officer 6123757647 2015-11-24 true Ann Lamoureux P00691316 6123055000 2014 2016-04-25 22:37:26Z Mary Polta 1750 HENNEPIN AVENUE Minneapolis MN 55403 37330215 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. 50 50 222 512 110986 0 13478987 20184450 3984380 4016260 2828955 2411297 431744 500642 20724066 27112649 0 0 0 0 8217329 8613314 0 0 1269239 16202225 16054444 24419554 24667758 -3695488 2444891 294269370 304238500 10555850 9901017 283713520 294337483 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 6036219 1214367 Exhibitions of paintings, sculpture, prints, photography and new media with an emphasis on contemporary art. 3266179 1949292 Outdoor programming and sculpture garden: artist designed minigolf, and Rock the Garden programming. 2375174 Art acquisitions 1259940 350751 MOVING IMAGE 2110116 273792 Performing Arts 2212989 145559 EDUCATION AND PUBLIC PROGRAMS 48270 ART ACQUISITION EXPENSES 31555 FACILITY-CAMPUS MASTER PLAN 589062 86481 PROGRAM SUPPORT 230937 New Media Initiatives 237545 FELLOWSHIPS 4660 ROYALTIES 68514 FACILITY RENTAL RELATED 31390 RETAIL RELATED 115654 TICKETING RELATED 27347 RESTAURANT EQUIPMENT AMORTIZATION 6720414 1104148 18397986 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 241 0 true 222 true true true false false false false true true false false false false X 50 50 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 0.0 X X 0 0 0 John Christakos Vice-President 1.0 0.0 X X 0 0 0 Monica Nassif Secretary 1.0 0.0 X X 0 0 0 Adrian Walker Public Member 1.0 0.0 X 0 0 0 Amy Kern Public Member 1.0 0.0 X 0 0 0 Andrew Humphrey Public Member 1.0 0.0 X 0 0 0 Andrew S Duff 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 Anne Labovitz Public Member 1.0 0.0 X 0 0 0 Audrey Wilf Public Member 1.0 0.0 X 0 0 0 Brooks Walker Jr Public Member 1.0 0.0 X 0 0 0 Carol Surface Public Member 1.0 0.0 X 0 0 0 Chris Askew 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 Dawn Owens Public Member 1.0 0.0 X 0 0 0 Donna Pohlad Public Member 1.0 0.0 X 0 0 0 Elaine B Walker Public Member 1.0 0.0 X 0 0 0 Elizabeth Redleaf 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 Joan Nolan 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 Laura Taft Public Member 1.0 0.0 X 0 0 0 Lindsey Walker Public Member 1.0 0.0 X 0 0 0 Lynn Carlson Schell Public Member 1.0 0.0 X 0 0 0 Mark Addicks Public Member 1.0 0.0 X 0 0 0 Michael Peterman Public Member 1.0 0.0 X 0 0 0 Muffy MacMillan Public Member 1.0 0.0 X 0 0 0 Nina Hale Public Member 1.0 0.0 X 0 0 0 Patrick Peyton Public Member 1.0 0.0 X 0 0 0 Rebecca Pohlad 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 Teresa Rasmussen Public Member 1.0 0.0 X 0 0 0 Tom Wicka Public Member 1.0 0.0 X 0 0 0 Wim Stocks Public Member 1.0 0.0 X 0 0 0 James Dayton Public Member 1.0 0.0 X 0 0 0 Dave Moore Jr Public Member 1.0 0.0 X 0 0 0 Dick Payne Public Member 1.0 0.0 X 0 0 0 Peter Remes Public Member 1.0 0.0 X 0 0 0 Marge Weiser Public Member 1.0 0.0 X 0 0 0 Wayne Zink Public Member 1.0 0.0 X 0 0 0 Christopher Stevens Chief of Advancement 35.0 0.0 X 192608 0 16767 David Galligan Deputy Director, COO 35.0 0.0 X 236418 0 24385 Mary Polta Chief Financial Officer 35.0 0.0 X 153595 0 15650 Olga Viso Executive Director 35.0 0.0 X 461928 0 25621 Andrew Blauvelt Sr Curator Design 35.0 0.0 X 154130 0 11840 Philip Bither Sr Curator Performing Arts 35.0 0.0 X 144509 0 17921 Ryan French Director Marketing and PR 35.0 0.0 X 121500 0 9712 Robin Dowden Director of Technology 35.0 0.0 X 113829 0 12678 Richele Donat Director, Human Resources 35.0 0.0 X 105072 0 11861 1683589 0 146435 9 false true false Common Sense Building Services 1300 Godward St NE Minneapolis MN 55413 Contracted Service 1416183 DAmico Catering Inc 211 N First Street Minneapolis MN 55401 Catering 393226 M A Mortenson 700 Meadow Lane North Minneapolis MN 55422 Construction 770558 Hammel Green and Abrahamson 701 Washington Avenue Minneapolis MN 55401 Architect 397246 Uhl Company Inc 9065 Zachary Lane Maple Grove MN 55369 Equip. maintenance 266418 7 X 427876 706589 779180 18270805 5984642 20184450 Event Admissions 711190 1854254 1854254 Museum Admissions 713990 377491 377491 CoSponsor Fees 711190 67557 67557 Exhibition Rental and Shipping Fees 713990 600221 600221 Exhibition Catalogs and Prints 713990 213034 213034 903703 903703 4016260 93296 93296 0 4660 4660 1252934 704106 548828 0 548828 68514 118801 361513 10380635 8062634 2318001 2318001 2318001 134382 706589 369573 -235191 -235191 12500 713 11787 11787 1104115 1080540 23575 31390 -7815 Ticket Service Charges 713110 115654 115654 Restaurant Equipment Amortization 541800 27347 27347 Miscellaneous 713110 3982 3982 146983 27112649 4267807 110986 2549406 X 0 0 0 0 1192196 329701 638908 223587 0 6345368 4463111 1273986 608271 335771 240076 95695 379330 271221 108109 360649 257864 102785 0 53275 300 52975 96195 96195 37634 37634 0 0 4548861 4070170 439063 39628 857500 815559 1869 40072 831273 669486 119100 42687 48754 35761 12993 3219 3219 498806 374666 124140 537172 425146 87369 24657 0 13619 9078 3041 1500 19621 14716 4905 0 2988337 1720119 1268218 210304 147171 63133 Art Acquisitions 2375174 2375174 Hospitality 595451 359224 65735 170492 Equipment Maint and Rent 498206 261039 235534 1633 Exhibition Fees and Shipping 991846 991589 257 849197 563596 168889 116712 24667758 18397986 5000533 1269239 1624525 6514468 12952160 15334018 12230104 13662397 675130 527370 16667 170833 0 0 0 0 603343 533434 240182 266849 104959160 38651013 67207705 66308147 0 0 198719554 200920984 0 0 0 0 0 0 294269370 304238500 2980366 2772961 0 0 945906 902578 0 0 0 0 0 0 0 0 953000 853000 5676578 5372478 10555850 9901017 X 92791834 91426925 95366645 107582242 95555041 95328316 283713520 294337483 294269370 304238500 X 2444891 6564154 1614918 X false true X true false X 15543604 20857801 15331510 11576606 18708829 82018350 0 0 15543604 20857801 15331510 11576606 18708829 82018350 28199643 53818707 1496764 1499221 1851176 1529151 1383337 7759649 0 85426 117953 126064 141048 146983 617474 90395473 20585631 0.59537 0.62748 X NA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37384 250 37634 24630124 24667758 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 74350 42674 36075 37634 190733 250000 250000 250000 250000 1000000 1500000 34398 35268 33432 37384 140482 NA X X X X true 190943269 7125447 10014099 8363424 199719391 166958874 13963341 21445993 11424939 190943269 149823186 12756707 14449819 10070838 166958874 152266156 2250000 2997455 7690425 149823186 134362420 661540 24907228 7665032 152266156 0.17000 0.36000 0.47000 true false 10288092 10288092 81886207 34555131 47331076 8080802 2786484 5294318 3122146 1309398 1812748 1581913 1581913 66308147 HEDGE FUNDS 387035 F BENEFICIAL INTEREST IN TRUST 23808093 F INVESTMENTS HELD BY OTHERS 176725856 F 200920984 0 DEFERRED CHARGE 22177 SPECIAL ASSESSMENT LIABILITY 4714590 ASSET RETIREMENT OBLIGATION 635711 5372478 X 38167438 6564154 3769844 10333998 27833440 -720791 -720791 27112649 27543475 2154926 2154926 25388549 -720791 -720791 24667758 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 $704,106 Part VIII Line 6b $369,573 Part VIII Line 8b $713 PART VIII, LINE 9B $1,080,540 Part VIII Line 10b $(6) ROUNDING $1,614,918 Adjustment for prior period pledges ------------ $3,769,844 Total, Part XI, LIne 2D PART XII - RECONCILIATION OF EXPENSES, LINE 2D $704,106 Part VIII Line 6b $369,573 Part VIII Line 8b $713 PART VIII, LINE 9B $1,080,540 Part VIII Line 10b $(6) Rounding ------------ $2,154,926 Total, Part XII, LIne 2D NA this year false Gala - Dinner 466221 333839 132382 187003 107301 7250 56360 Gala - Auction 374750 372750 2000 11659 0 840971 706589 134382 187003 107301 7250 68019 369573 -235191 1750 Hennepin Avenue Minneapolis MN 55403 SUPPLEMENTAL INFORMATION REGARDING FUNDRAISING THE WALKER ART Center FALL 2014 FUNDRAISING EVENT GENERATED TOTAL INCOME OF $1,018,471 FROM INDIVIDUAL AND CORPORATE SPONSORSHIPS, TICKET SALES, AUCTION AND RAFFLE PROCEEDS AND HAD DIRECT EXPENSES OF $370,286 NETTING THE INSTITUTION $648,185 Part II DONATED ITEMS TO THE AUCTION INCLUDED EIGHT WORKS OF ART. THESES EIGHT 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 192608 0 0 0 0 0 0 0 0 0 192608 0 0 0 David Galligan Deputy Director, COO 235075 0 0 0 1343 0 0 0 0 0 236418 0 0 0 Mary Polta Chief Financial Officer 153595 0 0 0 0 0 0 0 0 0 153595 0 0 0 Olga Viso Executive Director 420200 0 0 0 41728 0 0 0 0 0 461928 0 0 0 Andrew Blauvelt Sr Curator Design 154130 0 0 0 0 0 0 0 0 0 154130 0 0 0 Philip Bither Sr Curator Performing Arts 144509 0 0 0 0 0 0 0 0 0 144509 0 0 0 Salary IN FISCAL YEAR 2014-15 EXECUTIVE DIRECTOR OLGA VISO WAS PAID $693 AS GROSS UP INCOME CALCULATED ON THE IMPUTED INTEREST EXPENSE FOR HER ANNUAL HOUSING ALLOWANCE INSTALLMENT. HOUSING ALLOWANCE INSTALLMENT. Olga Viso Executive Housing X 200000 170833 false true true 170833 X 113 250200 IND. ART APPRAISAL X 1 X 36 5734442 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 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 2014-15 THERE WERE 8 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. Form 990 Part XI Line 9 $1,614,918 ADJUSTMENT FOR PRIOR PERIOD PLEDGES FORM 990 PART IX LINE 11G DESCRIPTION:Honoraria TOTAL FEES:268526 FORM 990 PART IX LINE 11G DESCRIPTION:Artistic Fees TOTAL FEES:804004 FORM 990 PART IX LINE 11G DESCRIPTION:Author Fees TOTAL FEES:45583 FORM 990 PART IX LINE 11G DESCRIPTION:CoSponsor Fees TOTAL FEES:339650 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Services TOTAL FEES:1479742 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Computer Support TOTAL FEES:147459 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Maintenance TOTAL FEES:212292 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Janitorial TOTAL FEES:286736 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Security TOTAL FEES:887953 FORM 990 PART IX LINE 11G DESCRIPTION:Contract Conservation TOTAL FEES:76916