2014-02-10T10:01:33-06:00 2013-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2012-07-01 410693929 Walker Art Center % MARY POLTA WALK 6123757647 1750 Hennepin Avenue Suite Minneapolis MN 55403 Mary Polta 6123757647 2014-02-15 true 6123055000 2012 2015-11-30 17:44:51Z 39620563 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 as individuals, cultures and communities. 47 47 216 400 25743 0 17707710 22552114 2342053 2779307 713477 3408176 570911 388828 21334151 29128425 0 0 0 0 8381493 8350468 0 0 1143465 15140250 13875384 23521743 22225852 -2187592 6902573 248857041 275796103 10609866 10817309 238247175 264978794 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 5347577 1171181 Exhibitions of paintings, sculpture, prints, photography and new media with an emphasis on contemporary art. 2310976 969238 Outdoor programming and sculpture garden: Open Field, Artist Designed Mini Golf, and Rock the Garden programming. 2229098 78991 Educational programs 1652382 Art acquisitions 2216554 192339 Performing Arts 150278 Art Acquisition Expenses 322913 Facility: Campus Master Plan 582341 87268 Program Support 266721 Curatorial and Design Fellowships 386334 New Media Initiatives 1436069 280290 Film 7013592 559897 16901243 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 194 0 true 216 true true true true CJ false false false true true false false false false X 47 47 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 Jennifer Martin 1.0 X Muffy MacMillan 1.0 X Mark Addicks 1.0 X Ralph W Burnet 1.0 X Patrick Denzer 1.0 X X John Christakos 1.0 X Karen Heithoff 1.0 X Richard B Hirst 1.0 X Jeanne S Levitt 1.0 X Carol Bemis 1.0 X David Moore Jr 1.0 X Michael Peterman 1.0 X Joel Ronning 1.0 X Richard Payne 1.0 X Laura Taft 1.0 X Shawn Gensch 1.0 X Brian Pietsch 1.0 X Donna Pohlad 1.0 X Susan White 1.0 X Elizabeth Redleaf 1.0 X Peter C Remes 1.0 X Rebecca Pohlad 1.0 X Chris Roberts 1.0 X Lynn Carlson Schell 1.0 X Anne Labovitz 1.0 X Audrey Wilf 1.0 X Frank S Wilkinson Jr 1.0 X Ann Hatch 1.0 X Kathleen S Roeder 1.0 X Adrian Walker 1.0 X Brooks Walker Jr 1.0 X Jean Walker Lowell 1.0 X Elaine B Walker 1.0 X Lindsey Walker 1.0 X John Whaley 1.0 X Chris Killingstad 1.0 X Monica Nassif 1.0 X Dawn Owens 1.0 X Mike Sweeney 1.0 X Ann Cadwalader 1.0 X Wim Stocks 1.0 X John Thomson 1.0 X Tom Wicka 1.0 X Teresa Rasmussen 1.0 X James G Dayton 1.0 X X Andrew Duff 1.0 X Marjorie Weiser 1.0 X X Mary Polta 35.0 X 146007 0 14493 Olga Viso 35.0 X 436850 0 24172 Christopher Stevens 35.0 X 173461 0 19223 Philip Bither 35.0 X 131159 0 15919 Andrew Blauvelt 35.0 X 144011 0 15594 Darsie Alexander 35.0 X 158612 0 12208 Phillip Bahar 35.0 X 146661 0 17332 1336761 0 118941 9 true true false Common Sense Building Services 1300 GODWARD ST NE MINNEAPOLIS MN 55413 CONTACTED SERVICE 1340248 DAMICO CATERING INC 211 N FIRST STREET MINNEAPOLIS MN 55401 CATERING 353534 OTIS ELEVATOR COMPANY PO BOX 73579 CHICAGO IL 60673 ELEVATOR SERVICE 205090 HAMMEL GREEN AND ABRAHAMSON 701 Washington Avenue Minneapolis MN 55401 Architect 176524 TEGRA GROUP 801 Nicollet Mall Minneapolis MN 55402 Contracted Service 123084 7 X 369555 404695 899985 20877879 584302 22552114 EVENT ADMISSIONS 711190 1240620 1240620 MUSEUM ADMISSIONS 713990 349645 349645 COSPONSOR FEES 711190 100635 100635 EXHIBITION RENTAL FEES 713990 193525 193525 EXHIBITION CATALOG DISTRIBUTION 713990 68328 68328 826554 826554 2779307 552593 552593 0 1391 1391 1252086 813252 438834 0 438834 77082 28230 333522 11165516 8309933 2855583 2855583 2855583 92918 404695 261494 -168576 -168576 0 1098574 1107459 -8885 -3198 -5687 TICKET SERVICE CHARGES 713110 89412 89412 ADVERTISING REVENUE 541800 3200 3200 RESTAURANT EQUIPMENT AMORITIZATION 541800 32477 32477 975 975 126064 29128425 2977446 25743 3573122 0 0 0 0 635919 235035 400884 0 0 6631694 4580178 1302230 749286 329081 238913 90168 406595 295188 111407 347179 252052 95127 0 38716 300 38416 90410 90410 42674 42674 0 0 3642653 3367814 238403 36436 610870 580376 4117 26377 1083065 878874 167599 36592 49140 36605 12535 2447 2047 400 495457 374295 121162 461037 388865 57639 14533 0 13913 10394 2044 1475 26236 19677 6559 0 2816388 1736515 1079873 170585 117259 53326 ART ACQUISITIONS 1652382 1652382 HOSPITALITY 497292 270245 67967 159080 EQUIPMENT MAINT AND RENT 241455 157329 80897 3229 PRINTING AND PUBLICATIONS 383293 310750 2782 69761 1557371 1396150 114925 46296 22225852 16901243 4181144 1143465 1009849 999360 13958995 17000848 3193665 10205763 365436 293302 96667 56667 0 0 0 0 563510 470338 223398 269734 100405035 34437670 64793831 65967365 0 0 164513409 180451220 0 0 0 0 138281 81506 248857041 275796103 1986907 2909504 0 0 1032452 823946 0 0 0 0 0 0 0 0 1327000 1103000 6263507 5980859 10609866 10817309 X 85019064 84685234 81024708 106343723 72203403 73949837 238247175 264978794 248857041 275796103 X 6902573 12749992 7079054 X false true X true false X 16235096 14489770 15543604 20857801 15331510 82457781 0 0 16235096 14489770 15543604 20857801 15331510 82457781 23056354 59401427 2312448 1358094 1496764 1499221 1851176 8517703 0 889889 179785 85426 117953 126064 1399117 92374601 18134339 0.64305 0.76420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35268 7406 42674 22183178 22225852 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 99640 45599 74350 42674 262263 250000 250000 250000 250000 1000000 1500000 36773 39049 34398 35268 145488 NA X X X X true 149823186 12756707 14449819 10070838 166958874 152266156 2250000 2997455 7690425 149823186 134362420 661540 24907228 7665032 152266156 129288635 994443 11667361 7588019 134362420 161389615 3951242 -28362971 7689251 129288635 0.18000 0.31000 0.51000 true false 10288092 10288092 73504612 29881260 43623352 8080802 2229187 5851615 4528647 2327223 2201424 4002882 4002882 65967365 HEDGE FUNDS 900131 F BENEFICIAL INTEREST IN TRUST 22920812 F INVESTMENTS HELD BY OTHERS 156630277 F 180451220 0 DEFERRED CHARGE 90977 SPECIAL ASSESSMENT LIABILITY 5295658 ASSET RETIREMENT OBLIGATION 593807 DISC ON HOUSING LOAN TO OFFICER 417 5980859 X 52122019 12749992 9375254 22125246 29996773 -868348 -868348 29128425 25390400 2296200 2296200 23094200 -868348 -868348 22225852 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 Part XI-Other Revenue 813,252 Part VIII Line 6b 261,494 Part VIII Line 8b 1,107,459 Part VIII Line 10b 113,995 Defaulted Pledges 7,079,054 Adjustment prior period pledges ----------- 9,375,254 Part XII-Reconciliation of Expenses Part XII-Other Expenses 813,252 Part VIII Line 6b 261,494 Part VIII Line 8b 1,107,459 Part VIII Line 10b 113,995 Defaulted Pledges ------------ 2,296,200 X NA this year false Gala-Dinner 366488 262740 103748 135576 70262 3200 47087 Gala-Auction 131125 141955 -10830 5369 0 497613 404695 92918 135576 70262 3200 52456 261494 -168576 1750 Hennepin Avenue Minneapolis MN 55403 SUPPLEMENTAL INFORMATION REGARDING FUNDRAISING THE WALKER ART CENTER FALL 2012 FUNDRAISING EVENT GENERATED TOTAL INCOME OF $630,232 FROM SPONSORSHIPS, CONTRIBUTIONS, TICKET INCOME AND HAD DIRECT OUT OF POCKET EXPENSES OF $261,494 NETTING THE INSTITUTION $368,738. Donated items to the auction included six works of art. Four artworks were donated by individuals and appraised by an independent art appraiser. Two works were donated by art galleries with values provided by the gallery, not by an independent art appraiser. X X true true X X X false false false false false false false false false Mary Polta 146007 0 0 0 0 0 0 0 14493 0 160500 0 70100 0 Olga Viso 391667 0 0 0 45183 0 0 0 24172 0 461022 0 200000 0 Christopher Stevens 173461 0 0 0 0 0 0 0 19223 0 192684 0 97393 0 Phillip Bahar 146661 0 0 0 0 0 0 0 17332 0 163993 0 81495 0 Andrew Blauvelt 140542 0 0 0 3469 0 0 0 15594 0 159605 0 72401 0 Darsie Alexander 158612 0 0 0 0 0 0 0 12208 0 170820 0 78750 0 Salary IN FISCAL YEAR 2012-13 EXECUTIVE DIRECTOR OLGA VISO MADE A VOLUNTARY $10,000 GIVEBACK SALARY CONTRIBUTION. IN FISCAL YEAR 2012-13 EXECUTIVE DIRECTOR OLGA VISO WAS PAID $2,080 AS GROSS UP INCOME CALCULATED ON THE IMPUTED INTEREST EXPENSE FOR HER ANNUAL HOUSING ALLOWANCE INSTALLMENT. OLGA VISO EXECUTIVE HOUSING X 200000 56667 false true true 56667 X 38 124700 Indp. Art Appraisal X 1 X 21 451292 Proceeds received X Services-Auction Inv 3 2500 Retail Value X Goods-Auction Inventory 4 4790 Retail Value X Miscellaneous-Auction Inventory 2 1020 Retail Value false false false Artwork Donated Schedule M,Lines 1 and 3 The Walker Art Center has elected under SFAS 116 neither to recognize reve 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. Governance and Management Part VI SECTION A QUESTION 2 A MAXIMUM OF 20 WALKER FAMILY MEMBERS MAY BE APPOINTED. IN 2012-13 THERE WERE 8 WALKER FAMILY MEMBERS APPOINTED. QUESTION 6 WALKER ART CENTER HAS A BASIC MEMBERSHIP CATEGORY OF ANNUAL GIVING. Policies & Disclosures Part VI, Section B QUESTION 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 THE PRELIMINARY REVIEW BY WALKER STAFF AND BOARD. THE RETURN IS THEN EDITED AND FORWARDED TO THE PREPARER FOR FINAL COMPLETION AND FILED WITH ALL FEDERAL AND STATE ENTITIES. QUESTION 12c AUDIT COMMITTEE ANNUALLY REVIEWS ALL STAFF AND BOARD DISCLOSURES. IF THERE ARE SIGNIFICANT CONFLICTS, THE COMMITTEE REPORTS THIS TO THE FULL BOARD. QUESTION 15 SALARIES BASED ON ANNUAL PERFORMANCE EVALUATIONS, RELEVANT COMPARATIVE DATA COMPILED BY INDEPENDENT STUDIES. BOARD OFFICERS AUTHORIZE SALARY FOR EXECUTIVE DIRECTOR, REVIEWS EXECUTIVE DIRECTOR'S RECOMMENDATIONS FOR KEY SENIOR STAFF SALARIES. SECTION C: QUESTION 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI RECONCILIATION OF NET ASSETS Line 9 7,079,054 ADJUSTMENT FOR PRIOR PERIOD PLEDGES OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:HONORARIA TOTAL FEES:256139 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:ARTISTIC FEES TOTAL FEES:476395 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:AUTHOR FEES TOTAL FEES:116994 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:COSPONSOR FEES TOTAL FEES:279635 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED SERVICES TOTAL FEES:1102574 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED COMPUTER SUPPORT TOTAL FEES:105053 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED MAINTENANCE TOTAL FEES:163612 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED JANITORIAL TOTAL FEES:285169 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED SECURITY TOTAL FEES:804044 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT CONSERVATION TOTAL FEES:53038