Archie D & Bertha H Walker Foundation
- Assets
- $7.9m
- Revenue
- $274.8k
- Investments
- $7.8m
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 41-6022758
Organization Overview
Archie D & Bertha H Walker Foundation is located in Excelsior, MN. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Archie D & Bertha H Walker 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, Archie D & Bertha H Walker Foundation generated $274.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $473.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Archie D & Bertha H Walker Foundation has awarded 167 individual grants totaling $2,177,707. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Heron President | 5 | $0 | |
Lucinda Walker Vice Preside | 5 | $0 | |
Herbert Motley Jr Treasurer | 5 | $0 | |
Julia Gilmore Secretary | 5 | $0 | |
Nancy Hauser Asst. Treasu | 5 | $0 | |
Anne Jones Asst. Secret | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $967 |
| Dividends & Interest | $130,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,741 |
| Capital Gain Net Income | $143,741 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $274,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,443 |
| Depreciation | $0 |
| Occupancy | $10,800 |
| Travel, conferences, and meetings | $6,108 |
| Printing and publications | $2,603 |
| Other expenses | $10,317 |
| Total operating and administrative expenses | $182,157 |
| Contributions, gifts, grants paid | $291,060 |
| Total expenses and disbursements | $473,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,364 |
| Savings and temporary cash investments | $70,805 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,356 |
| Total assets | $7,942,909 |
| Accounts payable and accrued expenses | $14,877 |
| 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 | $14,877 |
Grants Awarded
Over the last fiscal year, Archie D & Bertha H Walker Foundation has awarded $291,060 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE HENNEPIN CTY LIBRARY PURPOSE: CHARITABLE | $5,000 |
FINE ARTS WORK CTR IN PROVINCETOWN PURPOSE: CHARITABLE | $15,000 |
GRANTS UNDER 5000 PURPOSE: CHARITABLE | $266,060 |
WALLIN EDUCATION PARTNERS PURPOSE: CHARITABLE | $5,000 |