2012-12-21T10:28:08-06:00 2012-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2011-07-01 410693929 Walker Art Center % MARY POLTA WALK 6123757647 1750 Hennepin Avenue Minneapolis MN 55403 MARY POLTA 2012-12-21 true 6123055000 2012-12-10 2011 2016-02-24 21:20:13Z 31745319 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. 50 50 217 150 -2800 -2800 14122799 17707710 2224900 2342053 1751378 713477 310345 570911 18409422 21334151 0 0 0 0 8030540 8381493 5750 0 1148092 14214270 15140250 22250560 23521743 -3841138 -2187592 268255774 248857041 25284844 10609866 242970930 238247175 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 5405655 985596 Exhibitions of paintings, sculpture, prints photography and new media with an emphasis on contemporary art. 2388820 242581 Performing Arts: Presentation of various performances including dance, music and theater. 3709662 Art acquisitions: Addition of art works to the permananet collections for public viewing. 2049105 56786 Education 1992582 721790 Sculpture Garden Programming 168019 Art Maintenance Expense 94687 Facility Expansion/Campus Planning 613354 83592 Program Support 249367 Art Interns 317843 New Media Initiatives 944037 251708 Film 6428994 1113876 17933131 true true false true 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 false true 197 0 true 217 true true true true CJ 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 Deborah Hopp 1.0 X 0 0 0 Mark Addicks 1.0 X 0 0 0 Ralph W Burnet 1.0 X 0 0 0 Patrick Denzer 1.0 X 0 0 0 John Christakos 1.0 X 0 0 0 Karen Heithoff 1.0 X 0 0 0 Richard B Hirst 1.0 X 0 0 0 Jeanne S Levitt 1.0 X 0 0 0 Carol Bemis 1.0 X 0 0 0 David Moore Jr 1.0 X 0 0 0 Joan Nolan 1.0 X 0 0 0 Mary Pappajohn 1.0 X 0 0 0 Richard Payne 1.0 X 0 0 0 Tom Crosby 1.0 X 0 0 0 Shawn Gensch 1.0 X 0 0 0 Brian Pietsch 1.0 X 0 0 0 Donna Pohlad 1.0 X 0 0 0 Sue Burke 1.0 X 0 0 0 Elizabeth Redleaf 1.0 X 0 0 0 Peter C Remes 1.0 X 0 0 0 Mark Greene 1.0 X 0 0 0 Rebecca Pohlad 1.0 X 0 0 0 John R Thompson 1.0 X 0 0 0 Chris Roberts 1.0 X 0 0 0 Lynn Carlson Schell 1.0 X 0 0 0 Anne Labovitz 1.0 X 0 0 0 Audrey Wilf 1.0 X 0 0 0 Frank S Wilkinson Jr 1.0 X 0 0 0 Ann Hatch 1.0 X 0 0 0 Kathleen S Roeder 1.0 X 0 0 0 Adrian Walker 1.0 X 0 0 0 Brooks Walker Jr 1.0 X 0 0 0 Jean Walker Lowell 1.0 X 0 0 0 Elaine B Walker 1.0 X 0 0 0 Lindsey Walker 1.0 X 0 0 0 Muffy MacMillan 1.0 X 0 0 0 Chris Killingstad 1.0 X 0 0 0 Monica Nassif 1.0 X 0 0 0 Dawn Owens 1.0 X 0 0 0 Belva Rasmussen 1.0 X 0 0 0 Mike Sweeney 1.0 X 0 0 0 James Thomas 1.0 X 0 0 0 Ann Cadwalader 1.0 X 0 0 0 Wim Stocks 1.0 X 0 0 0 John Thomson 1.0 X 0 0 0 Tom Wicka 1.0 X 0 0 0 Teresa Rasmussen 1.0 X 0 0 0 James G Dayton 1.0 X 0 0 0 Andrew Duff 1.0 X 0 0 0 Marjorie Weiser 1.0 X 0 0 0 Mary Polta 35.0 X 141980 0 14148 Olga Viso 35.0 X 404794 0 24324 Christopher Stevens 35.0 X 165666 0 18508 Philip Bither 35.0 X 123814 0 15382 Phillip Bahar 35.0 X 135207 0 16842 Andrew Blauvelt 35.0 X 140843 0 14335 Darsie Alexander 35.0 X 151024 0 11617 Kathy Halbreich 0.0 X 329138 0 0 1592466 0 115156 9 true true false COMMON SENSE BUILDING SERVICES INC 1300 GODWARD ST NE MINNEAPOLIS MN 55413 CONTACTED SERVICE 1286254 DAMICO CATERING INC 211 N FIRST STREET MINNEAPOLIS MN 55401 CATERING 314669 OTIS ELEVATOR COMPANY PO BOX 73579 CHICAGO IL 60673 ELEVATOR SERVICE 181759 EGAN COMPANY PO BOX 1150-27 MINNEAPOLIS MN 55480 BUILDING MAINTENANCE 136179 4 355682 254702 866048 16231278 331962 17707710 EVENT ADMISSIONS 711190 1191544 1191544 MUSEUM ADMISSIONS 713990 348435 348435 COSPONSOR FEES 711190 91555 91555 EXHIBITION RENTAL FEES 713990 139150 139150 EXHIBITION CATALOG DISTRIBUTION 713990 122437 122437 448932 448932 2342053 257783 257783 0 621 621 1213743 815699 398044 398044 73076 5177 319791 8899280 8443586 455694 455694 455694 109058 254702 125854 -16796 -16796 0 1097118 1026029 71089 79066 -7977 TICKET SERVICE CHARGES 713110 44591 44591 CLASS ACTION/LITIGATION SETTLEMENTS 900099 10628 10628 RESTAURANT EQUIPMENT AMORITIZATION 541800 32477 32477 30257 30257 117953 21334151 2612769 -2800 1016472 0 0 0 0 632882 235653 397229 0 6678089 4642519 1310506 725064 337745 245203 92542 386157 280350 105807 346620 251646 94974 0 57387 13122 44265 94525 94525 74350 74350 0 0 3253956 3025818 178830 49308 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OBLIGATION 572855 DISCOUNT ON HOUSING LOAN TO OFFICER 1826 6263507 21334151 23521743 -2187592 338843 -2875006 -2536163 -4723755 21707425 338843 -735424 -396581 22104006 -769855 -769855 21334151 26431180 2139582 2139582 24291598 -769855 -769855 23521743 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 Change in Net Assets (2,875,006) Adjustment for Prior Period Pledges Part XII-Reconciliation of Revenues Part XII-Other Revenue 815,699 Part VIII Line 6b 125,854 Part VIII Line 8b 1,026,029 Part VIII Line 10b 172,000 Defaulted Pledges (2,875,006) less adjustment prior period pledges ----------- (735,424) Part XIII-Reconciliation of Expenses Part XIII-Other Expenses 815,699 Part VIII Line 6b 125,852 Part VIII Line 8b 1,026,029 Part VIII Line 10b 172,000 Defaulted Pledges ------------ 2,139,582 NA this year false Gala-Dinner 263000 177812 85188 15734 59774 10000 26226 Gala-Auction 100760 76890 23870 14120 0 363760 254702 109058 15734 59774 10000 40346 125854 -16796 1750 Hennepin Avenue Minneapolis MN 55403 SUPPLEMENTAL INFORMATION REGARDING FUNDRAISING THE WALKER ART CENTER FALL 2011 GALA, FANTASICAL FETE, GENERATED TOTAL INCOME OF $371,760 FROM SPONSORSHIPS, CONTRIBUTIONS, TICKET INCOME AND HAD DIRECT OUT OF POCKET EXPENSES OF $125,854 NETTING THE INSTITUTION $245,906. X X true true X X X false false false false false false false false false Mary Polta 141980 0 0 0 0 0 0 0 14148 0 156128 0 67500 0 Olga Viso 357883 0 0 0 46911 0 0 0 24324 0 429118 0 169379 0 Christopher Stevens 165666 0 0 0 0 0 0 0 18508 0 184174 0 90257 0 Phillip Bahar 135207 0 0 0 0 0 0 0 16842 0 152049 0 72750 0 Andrew Blauvelt 140358 0 0 0 485 0 0 0 14335 0 155178 0 67569 0 Darsie Alexander 151024 0 0 0 0 0 0 0 11617 0 162641 0 72750 0 Kathy Halbreich 0 0 0 0 329138 0 0 0 0 0 329138 0 329138 0 Salary IN CALENDAR YEAR 2011 EXECUTIVE DIRECTOR OLGA VISO'S COMPENSATION IS REPORTED AS NET EXPENSE AFTER A VOLUNTARY $33,750 SALARY REDUCTION. IN CALENDAR YEAR 2011 FORMER DIRECTOR KATHY HALBREICH EXERCISED HER DEFERRED COMPENSATION AGREEMENT. Olga Viso Housing X 200000 96667 false true true 96667 X 22 40000 Auction proceeds X 1 X 24 265742 Proceeds received X Travel-Auction Inventory 3 18000 Retail Value X Jewelry-Auction Inventory 1 1350 Retail Value X Services-Auction Inventory 5 3950 Retail Value X Miscellaneous-Auction Inventory 7 2920 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 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 2011-12 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 DIRECTOR, REVIEWS 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 338,843 NET UNREALIZED GAIN ON INVESTMENTS (2,875,006) ADJUSTMENT FOR PRIOR PERIOD PLEDGES ------------ (2,536,163)