2019-01-10T11:28:15-06:00 2018-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2017-07-01 410693929 Walker Art Center % Mary Polta WALK 6123757647 725 Vineland Place Minneapolis MN 55403 MARY POLTA CFO 6123757647 2019-01-10 true Monroe J Gierl P01413237 6123055000 167.68.102.5 41438720190105000013 2019-01-10 P 627AFD3BDCDC2893036F3B851385F30887A51E0E 394623B615D49F58AFDC1C28BFF4FF6A74E6B0F3 2017 2019-02-21 02:37:17Z Mary Polta 725 Vineland Place Minneapolis MN 55403 36852810 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. 52 52 192 444 -1278 0 22307528 17988405 1974471 4150573 3422276 2986697 847968 327347 28552243 25453022 0 0 0 0 9544512 9801478 0 0 1266340 21509552 17006636 31054064 26808114 -2501821 -1355092 310009252 313028978 11084971 8790081 298924281 304238897 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 6034874 1019651 Exhibitions of paintings, sculpture, prints, photography and digital media with an emphasis on contemporary art. 4513615 2323072 Outdoor programming and sculpture garden: artist designed mini-golf and Rock the Garden programming 2102975 295984 Performing Arts: Presentation of various performances including dance, music, and theater 1102481 389940 Moving Image 1707318 45488 Education and Public Programs 1600230 Art Acquisitions 67998 Facility-Campus Master Plan 638694 76438 Program Support 366272 DIGITAL Media Initiatives 480634 DESIGN AND CURATORIAL Fellowships 311780 Art Acquisition Expenses 5867 Royalties 48288 Facility Rental Related -10246 Retail Related 120864 Ticketing Related 70000 Restaurant Equipment Amortization 3997 Miscellaneous 6275407 750636 18926871 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 258 0 true 192 true true true false false false false true true false false false false X 52 52 true false true 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 Donna Pohlad Secretary 1.0 0.0 X X 0 0 0 John Christakos Vice-President 1.0 0.0 X X 0 0 0 John Whaley Treasurer 1.0 0.0 X X 0 0 0 Monica Nassif President 1.0 0.0 X X 0 0 0 Adrian Walker Public Member 1.0 0.0 X 0 0 0 Aedie McEvoy 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 Audrey Wilf 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 Carol Surface 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 David Moore Jr Public Member 1.0 0.0 X 0 0 0 Elaine B Walker 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 Lindsey Walker 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 Matthew Knopf 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 Denzer Public Member 1.0 0.0 X 0 0 0 Patrick Peyton Public Member 1.0 0.0 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 Sima Griffith Public Member 1.0 0.0 X 0 0 0 Susan White Public Member 1.0 0.0 X 0 0 0 Y Ralph Chu Public Member 1.0 0.0 X 0 0 0 James Dayton Public Member 1.0 0.0 X 0 0 0 Andrew Duff Public Member 1.0 0.0 X 0 0 0 Seena Hodges Public Member 1.0 0.0 X 0 0 0 Valerie Lemaine Public Member 1.0 0.0 X 0 0 0 Asheesh Saksena Public Member 1.0 0.0 X 0 0 0 Daniel Grossman Public Member 1.0 0.0 X 0 0 0 Amit Sahasrabudhe Public Member 1.0 0.0 X 0 0 0 Gayle Schueller Public Member 1.0 0.0 X 0 0 0 Wim Stocks Public Member 1.0 0.0 X 0 0 0 ALFREDO MARTEL PUBLIC MEMBER THRU MAY 2018 1.0 0.0 X 0 0 0 Christopher Stevens Chief of Advancement 35.0 0.0 X 220368 0 20800 David Galligan Deputy Dir, COO, thru 8/17 35.0 0.0 X 271193 0 15107 Mary Polta Chief Financial Officer 35.0 0.0 X 187066 0 18133 Olga Viso Executive Director, thru 12/17 35.0 0.0 X 532724 0 27155 Michael Bettison Director, Technology 35.0 0.0 X 135885 0 18249 Nisa Mackie Director, Education 35.0 0.0 X 109172 0 12257 Philip Bither Sr Curator Performing Arts 35.0 0.0 X 182230 0 21659 Richele Donat Director, Human Resources 35.0 0.0 X 127415 0 13793 Anne Cleveland Director, Public Relation 35.0 0.0 X 156857 0 11735 1922910 0 158888 11 false true false Common Sense Building Services 1300 Godward St NE Minneapolis MN 55413 Contracted Service 1701742 Matthew Marks Gallery 523 West 24th Street New York NY 10011 Sculpt. Fabrication 1206500 M A Mortenson 700 Meadow Lane North Minneapolis MN 55422 Construction 4368226 Culinaire 8303 Elmbrook Drive Dallas TX 75247 Catering 366590 Tonya Bonakdar 521 West 24th Street New York NY 10011 Sculpt. Fabrication 500000 17 X 437849 1108585 965582 15476389 1092623 17988405 Event Admissions 711190 2295987 2295987 Museum Admissions 713990 553786 553786 CoSponsor Fees 711190 42127 42127 Exhibition Rental and Shipping Fees 713990 228565 228565 Exhibition Catalogs and Prints 713990 153006 153006 877102 877102 4150573 403538 403538 0 5867 5867 1244615 788600 456015 0 456015 48288 -1278 409005 11877760 9294601 2583159 2583159 2583159 91250 1108585 401628 -310378 -310378 0 0 0 895941 914959 -19018 -10246 -8772 Ticket Service Charges 711300 120864 120864 Sale of Art 713990 936 936 Restaurant Equipment Amortization 541800 70000 70000 3061 3061 194861 25453022 4389343 -1278 3076552 X 0 0 0 0 1740196 171382 1310323 258491 0 6922039 4863503 1385078 673458 332611 238482 94129 424501 304367 120134 382131 273988 108143 0 205407 6944 198463 108235 108235 38526 38526 0 0 5177743 4580395 579673 17675 900566 867196 3641 29729 969797 762093 178678 29026 27445 21025 6420 6209 6209 536180 404787 131393 513253 424129 44501 44623 0 22638 12471 4557 5610 34152 34152 0 3473515 1899859 1573656 220467 155318 65149 Art Acquisitions 1600230 1600230 Equip Rental & Maintenance 704805 455139 246581 3085 Exhibition Fees and Shipping 937520 937420 100 Hospitality 583270 419640 59515 104115 946678 488142 358008 100528 26808114 18926871 6614903 1266340 1725861 1272240 12416024 13391675 13050018 7519796 929944 349887 70833 20833 0 0 0 0 389002 359164 366973 334384 125096715 47294431 81010678 77802284 0 0 200049919 211978715 0 0 0 0 0 0 310009252 313028978 3243840 3013646 0 0 1378862 513380 0 0 0 0 0 0 0 0 1188000 387772 5274269 4875283 11084971 8790081 X 107325478 107401544 88389900 91577303 103208903 105260050 298924281 304238897 310009252 313028978 X -1355092 12179781 -5510073 X false true X true false X 13478987 20184450 17138539 22307528 17988405 91097909 0 0 13478987 20184450 17138539 22307528 17988405 91097909 23326358 67771551 1491727 1346230 1101347 1193749 1654020 6787073 0 141048 146983 1153946 818222 194861 2455060 100340042 23662887 0.67542 0.56360 X PART II, LINE 10 IN FISCAL YEAR 2017-18 WALKER ART CENTER RECEIVED $936 FROM THE SALE OF ART. 37552 974 38526 26769588 26808114 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 37634 55901 43173 38526 175234 250000 250000 250000 250000 1000000 1500000 37384 40921 38027 37552 153884 X X X X true 191769091 3573325 14475331 9246185 200571562 189327719 9428517 13854735 20841880 191769091 199719391 6435895 1872205 18699772 189327719 190943269 7125447 10014099 8363424 199719391 166958874 13963341 21445993 11424939 190943269 0.17000 0.42000 0.41000 true false 13760159 13760159 100156458 42816590 57339868 8080802 3622429 4458373 3099296 855412 2243884 77802284 26831 F BENEFICIAL INTEREST IN TRUST 22174869 F INVESTMENTS HELD BY OTHERS 189777015 F 211978715 0 DEFERRED CHARGE 460000 SPECIAL ASSESSMENT LIABILITY 3728678 ASSET RETIREMENT OBLIGATION 686605 4875283 X 35072280 12179781 2105187 14284968 20787312 -844363 5510073 4665710 25453022 29757664 2105187 2105187 27652477 -844363 -844363 26808114 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 TEMPORARILY RESTRICTED NET ASSET. CONTRIBUTIONS OF WORKS OF ART ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. Part III Line 4 The Walker Art Center 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 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 $788,600 PART VIII, LINE 6B $401,628 PART VIII, LINE 8B $914,959 PART VIII, LINE 10B ------------ $2,105,187 TOTAL, PART XI, LINE 2D PART XI - RECONCILIATION OF REVENUE, LINE 4B $5,510,073 ADJUSTMENT FOR PRIOR PERIOD PLEDGES PART XII - RECONCILIATION OF EXPENSES, LINE 2D $788,600 PART VIII, LINE 6B $401,628 PART VIII, LINE 8B $914,959 PART VIII, LINE 10B ------------ $2,105,187 TOTAL, PART XII, LINE 2D NA this year false Gala - Dinner 502335 342585 159750 122086 94439 28950 99557 Gala - Auction 697500 766000 -68500 56596 0 1199835 1108585 91250 122086 94439 28950 156153 401628 -310378 1750 Hennepin Avenue Minneapolis MN 55403 Part I Line 1 THE WALKER FALL 2017 FUNDRAISING EVENT GENERATED TOTAL INCOME OF $1,512,485 FROM INDIVIDUAL AND CORPORATE SPONSORSHIPS, TICKET SALES, AUCTION AND RAFFLE PROCEEDS AND HAD DIRECT EXPENSES OF $401,628 NETTING THE INSTITUTION $1,110,857. PART II DONATED ITEMS TO THE AUCTION INCLUDED 23 WORKS OF ART. THESE 23 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 210368 0 10000 0 0 0 0 0 20800 0 241168 0 0 0 David Galligan Deputy Dir, COO, thru 8/17 184253 0 0 0 86940 0 0 0 15107 0 286300 0 0 0 Mary Polta Chief Financial Officer 187066 0 0 0 0 0 0 0 18133 0 205199 0 0 0 Olga Viso Executive Director, thru 12/17 479553 0 0 0 53171 0 0 0 27155 0 559879 0 0 0 Michael Bettison Director, Technology 135885 0 0 0 0 0 0 0 18249 0 154134 0 0 0 Philip Bither Sr Curator Performing Arts 182230 0 0 0 0 0 0 0 21659 0 203889 0 0 0 Anne Cleveland Director, Public Relation 156857 0 0 0 0 0 0 0 11735 0 168592 0 0 0 Part I Line 1a IN FISCAL YEAR 2017-18 EXECUTIVE DIRECTOR OLGA VISO WAS PAID $1,272 AS GROSS UP INCOME CALCULATED ON THE IMPUTED INTEREST EXPENSE FOR HER ANNUAL HOUSING ALLOWANCE INSTALLMENT. Part I Line 4a IN FISCAL YEAR 2017-18, DEPUTY DIRECTOR, COO DAVID GALLIGAN WAS PAID $86,156 IN SEVERANCE PAY. Olga Viso Executive Housing X 200000 20833 false true true 20833 X 82 711500 Ind. Art Appraisal X 24 381123 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 2017-18 THERE WERE 7 WALKER FAMILY MEMBERS APPOINTED. Form 990 Part VI Line 4 During FY 2017-18 Walker Art Center amended and updated the bylaws and restated the articles of incorporation. All required documents were filed with the governing entities in June of 2018. 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 and RELEVANT COMPARATIVE DATA COMPILED BY INDEPENDENT STUDIES. THE BOARD TALENT AND COMPENSATON COMMMITTEE AUTHORIZES SALARY FOR THE EXECUTIVE DIRECTOR AND REVIEWS EXECUTIVE DIRECTOR'S 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 $1,247,903 Investment income including interest and dividends $(844,365) Less investment manager fees ------------- $403,538 Net investment income Form 990 Part IX Line 11g Street Project - an objective of the 19 acre campus project of Walker Art Center and the Minneapolis Sculpture Garden was to unify the two sides. Narrowing the street crossing improved the landscaping and created a more inviting plaza and pedestrian entrance to the Walker and to the renovated garden. Form 990 Part XI Line 9 $5,510,073 ADJUSTMENT FOR PRIOR PERIOD PLEDGES FORM 990 PART IX LINE 11G DESCRIPTION:Honoraria TOTAL FEES:181173 FORM 990 PART IX LINE 11G DESCRIPTION:Artistic Fees TOTAL FEES:739893 FORM 990 PART IX LINE 11G DESCRIPTION:Author Fees TOTAL FEES:42275 FORM 990 PART IX LINE 11G DESCRIPTION:CoSponsor Fees TOTAL FEES:424383 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Services TOTAL FEES:1707174 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Computer Support TOTAL FEES:421330 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Maintenance TOTAL FEES:203875 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Janitorial TOTAL FEES:312229 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Security TOTAL FEES:1079523 FORM 990 PART IX LINE 11G DESCRIPTION:Contract Conservation TOTAL FEES:38603 FORM 990 PART IX LINE 11G DESCRIPTION:Contract Serv Street Project TOTAL FEES:27285