Maurice Walk Fine Arts Foundation
- Assets
- $3.9m
- Revenue
- $947.7k
- Investments
- $3.9m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 36-4327696
Organization Overview
Maurice Walk Fine Arts Foundation is located in Wayzata, MN. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maurice Walk Fine Arts Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Maurice Walk Fine Arts Foundation generated $947.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.8% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Maurice Walk Fine Arts Foundation has awarded 12 individual grants totaling $3,110,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaretha Walk President | 0 | $0 | |
Cynthia Walk Secretary | 0 | $0 | |
Richard Palmer Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $92 |
| Dividends & Interest | $134,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $799,121 |
| Capital Gain Net Income | $799,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,484 |
| Total Revenue | $947,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,719 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,746 |
| Total operating and administrative expenses | $53,113 |
| Contributions, gifts, grants paid | $2,410,000 |
| Total expenses and disbursements | $2,463,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97 |
| Savings and temporary cash investments | $28,720 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,477,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,949,185 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maurice Walk Fine Arts Foundation has awarded $2,410,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORIC PRESERV FOUND OF FORTNIGHT PURPOSE: GENERAL - FACADE RESTORATION & CHALLENGE GRANT | $120,000 |
NORTH SHORE COUNTRY DAY SCHOOL PURPOSE: GENERAL SUPPORT - ANNUAL GIVING | $15,000 |
WALK FAMILY JACKSON HOLE HOUSING FU PURPOSE: GENERAL - SEE ATTACHED EXPENDITURE RESPONSIBILITY STATEMENT | $2,275,000 |