2018-01-12T11:10:02-06:00 2017-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2016-07-01 410693929 Walker Art Center % Mary Polta WALK 6123757647 725 Vineland Place Minneapolis MN 55403 MARY POLTA CFO 6123757647 2018-01-08 true Monroe J Gierl P01413237 6123055000 2018-01-08 167.68.102.5 41438720180125000000 2018-01-12 P 30031D5E7EADAC179FA13A5C3B90D0218042D0DA 51F6C5F0DA7ACC031FF036776E0A10AE2839BF7A 2016 2021-01-29 14:40:06Z X Mary Polta 725 Vineland Place Minneapolis MN 55403 40010662 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. 55 55 176 233 -71779 -72779 17138539 22307528 4410214 1974471 2268871 3422276 1605301 847968 25422925 28552243 0 0 0 0 8937130 9544512 0 0 1291292 17069525 21509552 26006655 31054064 -583730 -2501821 303711909 310009252 12846237 11084971 290865672 298924281 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 7951431 1152109 Exhibitions of paintings, sculpture, prints, photography and digital media with an emphasis on contemporary art. 2441525 156159 Presentation of Various Performances Including Dance, Music, and Theatre. 6375448 Art acquisitions 539695 152516 Outdoor Prog and Sculpture Garden 1931727 65735 Education and Public Programs 162924 Art Acquisition 138474 Facility-Campus Master Plan 2948 Royalties 106902 Facility Rental, Retail, & Ticketing 19195 Miscellaneous 70000 Restaurant Equipment Amortization 664440 Sale of Art 807523 Digital Media Initiatives 255310 Design and Curatorial Fellowships 1352859 382529 Moving Image 1412664 65423 Program Support 6601176 1529688 23369580 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 283 0 true 176 true true true false false false false true true false false false false X 55 55 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 Patrick Denzer Public Member 1.0 0.0 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 President 1.0 0.0 X X 0 0 0 Adrian Walker Public Member 1.0 0.0 X 0 0 0 Andrew Humphrey Public Member 1.0 0.0 X 0 0 0 Mark Addicks 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 Carol Surface Public Member 1.0 0.0 X 0 0 0 Chris Askew Public Member 1.0 0.0 X 0 0 0 D Ellen Wilson Public Member 1.0 0.0 X 0 0 0 Donna Pohlad Secretary 1.0 0.0 X 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 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 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 David Berg 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 Y Ralph Chu 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 Chris Killingstad Public Member 1.0 0.0 X 0 0 0 Marge Weiser Public Member 1.0 0.0 X 0 0 0 Dave Moore Jr Public Member 1.0 0.0 X 0 0 0 RD Zimmerman Public Member 1.0 0.0 X 0 0 0 Peter Remes Public Member 1.0 0.0 X 0 0 0 Wayne Zink Public Member 1.0 0.0 X 0 0 0 Karen Heithoff Public Member 1.0 0.0 X 0 0 0 Ben Hirst Public Member 1.0 0.0 X 0 0 0 Bill Jonason Public Member 1.0 0.0 X 0 0 0 Matthew Knopf Public Member 1.0 0.0 X 0 0 0 Alfredo Martel Public Member 1.0 0.0 X 0 0 0 Aedie McEvoy Public Member 1.0 0.0 X 0 0 0 Dean Phillips Public Member 1.0 0.0 X 0 0 0 Brian Pietsch Public Member 1.0 0.0 X 0 0 0 Greta Warren Public Member 1.0 0.0 X 0 0 0 Jim Murphy Public Member 1.0 0.0 X 0 0 0 Christopher Stevens Chief of Advancement 35.0 0.0 X 216753 0 20173 David Galligan Deputy Director, COO 35.0 0.0 X 277479 0 25908 Mary Polta Chief Financial Officer 35.0 0.0 X 167948 0 16749 Olga Viso Executive Director 35.0 0.0 X 514280 0 27032 Philip Bither Sr Curator Performing Arts 35.0 0.0 X 159811 0 20040 Richele Donat Director, Human Resources 35.0 0.0 X 116288 0 12973 Fionn Meade Artistic Director 35.0 0.0 X 149813 0 18635 Anne Cleveland Director, Marketing 35.0 0.0 X 151873 0 3428 Michael Bettison Director, Technology 35.0 0.0 X 131639 0 10104 1885884 0 155042 14 false true false Common Sense Building Services 1300 Godward St NE Minneapolis MN 55413 Contracted Service 1554226 Matthew Marks Gallery 523 West 24th Street New York NY 10011 Sculpt. Fabrication 1131300 M A Mortenson 700 Meadow Lane North Minneapolis MN 55422 Construction 15054190 Hammel Green and Abrahamson 701 Washington Avenue Minneapolis MN 55401 Architect 793465 Tonya Bonakdar 521 West 24th Street New York NY 10011 Sculpt. Fabrication 1000000 17 X 415726 979121 1142585 19770096 2138077 22307528 Event Admissions 711190 676833 676833 Museum Admissions 713990 345737 345737 CoSponsor Fees 711190 34620 34620 Exhibition Rental and Shipping Fees 713990 356285 356285 Exhibition Catalogs and Prints 713990 308291 308291 252705 252705 1974471 85985 85985 0 2948 2948 1107764 759712 348052 0 348052 27454 -71779 392377 12796466 9460175 3336291 3336291 3336291 98170 979121 372170 -274000 -274000 0 0 0 819108 866362 -47254 14861 -62115 Ticket Service Charges 711300 64587 64587 Sale of Art 713990 664440 664440 Restaurant Equipment Amortization 541800 70000 70000 19195 19195 818222 28552243 2837956 -71779 3478538 X 0 0 0 0 1293005 336743 723837 232425 0 7089544 5112467 1343524 633553 344187 255043 89144 419861 311117 108744 397915 294855 103060 0 41927 11738 30189 102075 102075 43173 43173 0 0 5913860 4586292 1309393 18175 731752 698898 4627 28227 939913 766537 143555 29821 27622 19886 7736 0 444334 346755 97579 655874 499896 52047 103931 0 19071 15218 1644 2209 30374 30374 0 3499659 1722884 1776775 220220 159689 60531 Art Acquisitions 6375448 6375448 Hospitality 313800 136559 66644 110597 Printing 500127 414902 2219 83006 Exhibition Fees and Shipping 896419 896342 77 753904 377937 326619 49348 31054064 23369580 6393192 1291292 936205 1725861 22192545 12416024 14040269 13050018 563705 929944 120833 70833 0 0 0 0 337385 389002 237395 366973 124998916 43988238 75992319 81010678 0 0 189291253 200049919 0 0 0 0 0 0 303711909 310009252 6202475 3243840 0 0 613158 1378862 0 0 0 0 0 0 0 0 603000 1188000 5427604 5274269 12846237 11084971 X 88530144 107325478 105747073 88389900 96588455 103208903 290865672 298924281 303711909 310009252 X -2501821 11438588 -878158 X false true X true false X 15331510 11576606 18708829 16471247 24063483 86151675 0 0 15331510 11576606 18708829 16471247 24063483 86151675 31788183 54363492 1851176 1529151 1383337 1123416 2030642 7917722 0 126064 141048 146983 1153943 818222 2386260 96455657 21783715 0.56361 0.58006 X Part II, Line 10 IN FISCAL YEAR 2016-17 WALKER ART CENTER RECEIVED $664,440 FROM THE SALE OF ART. The proceeds were used to purchase sculpture for the permanent collection. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38027 5146 43173 31010891 31054064 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 36075 37634 55901 43173 172783 250000 250000 250000 250000 1000000 1500000 33432 37384 40921 38027 149764 NA X X X X true 189327719 9428517 13854735 20841880 191769091 199719391 6435895 1872205 18699772 189327719 190943269 7125447 10014099 8363424 199719391 166958874 13963341 21445993 11424939 190943269 149823186 12756707 14449819 10070838 166958874 0.17000 0.43000 0.40000 true false 13707353 13707353 100116057 39862152 60253905 8080802 3343780 4737022 3094704 782306 2312398 81010678 BENEFICIAL INTEREST IN TRUST 21848268 F INVESTMENTS HELD BY OTHERS 178201651 F 200049919 0 DEFERRED CHARGE 530000 SPECIAL ASSESSMENT LIABILITY 4073874 ASSET RETIREMENT OBLIGATION 666156 DERIVATIVE FINANCIAL INSTRUM. 4239 5274269 X 41883017 11438588 1998244 13436832 28446185 -772090 878148 106058 28552243 33824408 1998254 1998254 31826154 -772090 -772090 31054064 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 $ 759,712 PART VIII, LINE 6B $ 372,170 PART VIII, LINE 8B $ 866,362 PART VIII, LINE 10B ------------ $1,998,244 TOTAL, PART XI, LINE 2D PART XI, LINE 4B $ 878,148 ADJUSTMENT FOR PRIOR PERIOD PLEDGES Part XII-Reconciliation of Expenses, Line 2D $ 759,712 PART VIII, LINE 6B $ 372,170 PART VIII, LINE 8B $ 866,362 PART VIII, LINE 10B $ 10 Rounding ------------ $1,998,254 TOTAL, PART XII, LINE 2D NA this year false Gala - Dinner 438041 298371 139670 122417 98983 8190 118129 Gala - Auction 639250 680750 -41500 24451 0 1077291 979121 98170 122417 98983 8190 142580 372170 -274000 1750 Hennepin Avenue Minneapolis MN 55403 SUPPLEMENTAL INFORMATION REGARDING FUNDRAISING THE WALKER FALL 2016 FUNDRAISING EVENT GENERATED TOTAL INCOME OF $1,317,291 FROM INDIVIDUAL AND CORPORATE SPONSORSHIPS, TICKET SALES and AUCTION PROCEEDS AND HAD DIRECT EXPENSES OF $372,170 NETTING THE INSTITUTION $945,121. Part II DONATED ITEMS TO THE AUCTION INCLUDED SEVENTEEN WORKS OF ART. THESE SEVENTEEN 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 216753 0 0 0 0 0 0 0 20173 0 236926 0 0 0 David Galligan Deputy Director, COO 271136 0 5000 0 1343 0 0 0 25908 0 303387 0 0 0 Mary Polta Chief Financial Officer 167948 0 0 0 0 0 0 0 16749 0 184697 0 0 0 Olga Viso Executive Director 459523 0 0 0 54757 0 0 0 27032 0 541312 0 0 0 Philip Bither Sr Curator Performing Arts 159811 0 0 0 0 0 0 0 20040 0 179851 0 0 0 Fionn Meade Artistic Director 149813 0 0 0 0 0 0 0 18635 0 168448 0 0 0 Anne Cleveland Director, Marketing 151873 0 0 0 0 0 0 0 3428 0 155301 0 0 0 Salary IN FISCAL YEAR 2016-17 EXECUTIVE DIRECTOR OLGA VISO WAS PAID $1,908 AS GROSS UP INCOME CALCULATED ON THE IMPUTED INTEREST EXPENSE FOR HER ANNUAL HOUSING ALLOWANCE INSTALLMENT. Olga Viso Executive Housing X 200000 70833 false true true 70833 X 70 549000 Ind. Art. Appraisal X 28 1589077 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 2016-17 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 THE NEW BOARD TALENT AND COMPENSATION COMMITTEE ANNUALLY REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION UTILIZING EXTERNAL AND INDUSTRY RELEVANT BENCHMARK DATA. THEY ALSO ANNUALLY REVIEW THE PROPOSED COMPENSATION FOR THE KEY SENIOR STAFF WHO REPORT TO THE EXECUTIVE DIRECTOR. 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 $ 858,075 Investment income including interest and dividends $(772,090) Less investment manager fees ------------ $85,985 Net investment income Form 990 Part IX Line 11g OTHER FEES INCLUDES EXPENSES RELATING TO THE VINELAND PLACE "STREET PROJECT". AN OBJECTIVE OF THE 19 ACRE CAMPUS PROJECT OF WALKER ART CENTER AND THE MINNEAPOLIS SCULPUTURE GARDEN WAS TO UNIFY THE TWO SIDES. NARROWING THE VINELAND PLACE STREET CROSSING IMPROVED THE LANDSCAPING AND CREATED A MORE INVITING PLAZA AND PEDESTRIAN ENTRANCE TO THE GARDEN AND TO THE RENOVATED GARDEN. Form 990 Part XI Line 9 $(878,158) ADJUSTMENT FOR PRIOR PERIOD PLEDGES FORM 990 PART IX LINE 11G DESCRIPTION:Honoraria TOTAL FEES:276866 FORM 990 PART IX LINE 11G DESCRIPTION:Artistic Fees TOTAL FEES:407084 FORM 990 PART IX LINE 11G DESCRIPTION:Author Fees TOTAL FEES:17000 FORM 990 PART IX LINE 11G DESCRIPTION:CoSponsor Fees TOTAL FEES:82264 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Services TOTAL FEES:2104654 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Computer Support TOTAL FEES:617614 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Maintenance TOTAL FEES:144225 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Janitorial TOTAL FEES:301271 FORM 990 PART IX LINE 11G DESCRIPTION:Contracted Security TOTAL FEES:897581 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED CONSERVATION TOTAL FEES:194160 FORM 990 PART IX LINE 11G DESCRIPTION:CONT SERV VINELAND STREET PROJ TOTAL FEES:871141