Walker Art Center Inc

Organization Overview

Walker Art Center Inc is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Walker Art Center Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walker Art Center Inc 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 06/2021, Walker Art Center Inc generated $50.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $23.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE WALKER ART CENTER EMPOWERS PEOPLE TO EXPERIENCE THE TRANSFORMATIVE POSSIBILITIES OF THE ART AND IDEAS OF OUR TIME AND TO IMAGINE THE WORLD IN NEW WAYS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WALKER ART CENTER PROVIDES EXHIBITIONS OF PAINTINGS, SCULPTURE, PRINTS, PHOTOGRAPHY AND DIGITAL MEDIA WITH AN EMPHASIS ON CONTEMPORARY ART, MOVING IMAGE PROGRAM INCLUDING FILM SCREENINGS, EDUCATION PROGRAMS AND TOURS FOR ADULTS, TEENS, CHILDREN, SCHOOL AND FAMILY PROGRAMS. PERFORMING ARTS INCLUDES PRESENTATION OF VARIOUS PERFORMANCES INCLUDING DANCE, MUSIC, AND THEATRE.


THE WALKER ART CENTER CONTINUALLY ADDS WORKS OF ART TO THE PERMANENT COLLECTION FOR PUBLIC VIEWING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Common Sense Building Service Inc
Contractor Labor
$641,202
Access
Art Storage/rent
$150,542
Faegre Drinker Biddle & Reath Llp
Legal Service
$293,304
Minnesota Cleaning Services
Cleaning Services
$224,850
Umf Investment Advisors
Investment Advisors
$1,002,419
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,886,452
Investment income $1,376,521
Tax Exempt Bond Proceeds $0
Royalties $2,855
Net Rental Income $52,974
Net Gain/Loss on Asset Sales $36,872,171
Net Income from Fundraising Events $30,434
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$121,702
Miscellaneous Revenue$0
Total Revenue $50,426,261

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Walker Art Center Inc has recieved totaling $385,500.

Awarding OrganizationAmount
Bentson Foundation

Wayzata, MN

PURPOSE: GENERAL

$365,500
Rose Francis Foundation

Minneapolis, MN

PURPOSE: GENERAL OPERATING

$10,000
Art Of Youth Foundation

Wilmington, DE

PURPOSE: CHARITABLE EVENT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$302,897,360
Earnings-$16,840,551
Net Contributions$5,396,818
Other Expense$7,690,269
Ending Balance$283,763,358

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