Civic Intelligence

Walters Art Museum Foundation Inc.

990 • Fiscal year 2014 • EIN 52-1194738

Jul 01, 2013 to Jun 30, 2014 • Filed on May 11, 2015

Organization ProfileWWW.THEWALTERS.ORG
600 North Charles Street21201

(410) 547-9000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-337%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

94th percentile

$295,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 1129.3% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

70th percentile

9.5%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

128%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,698,308

Up $235,003 (+9.5%) from 2013

Net Assets

Up

$2,698,308

Up $262,870 (+11%) from 2013

Liabilities

Down

$0

Down $27,867 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin1st percentile

Revenue

Up

$26,123

Up $14,662 (+128%) from 2013

Expenses

Up

$114,137

Up $966 (+0.9%) from 2013

Net Income

Up

-$88,014

Up $13,696 (+13%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,626,015Liabilities 2011: $34,000Net Assets 2011: $2,592,0152011Assets 2012: $2,581,596Liabilities 2012: $26,923Net Assets 2012: $2,554,6732012Assets 2013: $2,463,305Liabilities 2013: $27,867Net Assets 2013: $2,435,4382013Assets 2014: $2,698,308Liabilities 2014: $0Net Assets 2014: $2,698,3082014Assets 2015: $2,704,946Liabilities 2015: $0Net Assets 2015: $2,704,9462015Assets 2016: $2,594,109Liabilities 2016: $0Net Assets 2016: $2,594,1092016Assets 2017: $2,898,726Liabilities 2017: $0Net Assets 2017: $2,898,7262017Assets 2018: $3,089,694Liabilities 2018: $0Net Assets 2018: $3,089,6942018Assets 2019: $2,686,603Liabilities 2019: $0Net Assets 2019: $2,686,6032019Assets 2020: $2,218,573Liabilities 2020: $0Net Assets 2020: $2,218,5732020Assets 2021: $3,129,855Liabilities 2021: $0Net Assets 2021: $3,129,8552021Assets 2022: $2,642,653Liabilities 2022: $0Net Assets 2022: $2,642,6532022Assets 2023: $2,346,048Liabilities 2023: $0Net Assets 2023: $2,346,0482023Assets 2024: $2,447,002Liabilities 2024: $0Net Assets 2024: $2,447,0022024Assets 2025: $2,430,680Liabilities 2025: $0Net Assets 2025: $2,430,6802025

Highlighted filing

2014

Assets$2,698,308
Liabilities$0
Net Assets$2,698,308
Open 2014 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $1Expenses 2011: $137,205Net Income 2011: -$137,2042011Revenue 2012: $9,132Expenses 2012: $108,522Net Income 2012: -$99,3902012Revenue 2013: $11,461Expenses 2013: $113,171Net Income 2013: -$101,7102013Revenue 2014: $26,123Expenses 2014: $114,137Net Income 2014: -$88,0142014Revenue 2015: $667,509Expenses 2015: $232,803Net Income 2015: $434,7062015Revenue 2016: $220,068Expenses 2016: $116,024Net Income 2016: $104,0442016Revenue 2017: $244,008Expenses 2017: $121,224Net Income 2017: $122,7842017Revenue 2018: $117,872Expenses 2018: $131,255Net Income 2018: -$13,3832018Revenue 2019: $114,315Expenses 2019: $133,404Net Income 2019: -$19,0892019Revenue 2020: $60,168Expenses 2020: $128,484Net Income 2020: -$68,3162020Revenue 2021: $96,786Expenses 2021: $129,660Net Income 2021: -$32,8742021Revenue 2022: $92,698Expenses 2022: $120,408Net Income 2022: -$27,7102022Revenue 2023: $87,639Expenses 2023: $132,912Net Income 2023: -$45,2732023Revenue 2024: $38,687Expenses 2024: $137,232Net Income 2024: -$98,5452024Revenue 2025: $58,837Expenses 2025: $119,136Net Income 2025: -$60,2992025

Highlighted filing

2014

Revenue$26,123
Expenses$114,137
Net Income-$88,014
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 11, 2015
Return Version
2013v4.0
Gross Receipts
$2,049,659
Mission and Program Overview

Mission

The Walters Art Museum brings art and people together for enjoyment, discovery, and learning. We strive to create a place where people of every background can be touched by art. We are committed to exhibitions and programs that will strengthen and sustain our community.

To support and benefit the charitable and educational purposes of the institution known as the trustees of the walters art gallery. T/a the walters art museum. The audit for the walters art museum is appended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$2,543,863-
Investments Other Securities$2,461,371$149,457▼ $2,311,914
Accounts Receivable-$2,351-
Savings and Temporary Cash Investments$1,935$2,221▲ $286
Total Assets$2,463,306$2,698,308▲ $235,002
Other Assets Total$0$416▲ $416
Liabilities
Accounts Payable and Accrued Expenses$27,868--
Total Liabilities$27,868$0▼ $27,868
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,435,438$2,698,308▲ $262,870
Total Net Assets Fund Balance$2,435,438$2,698,308▲ $262,870
Total Liabilities and Net Assets / Fund Balance$2,463,306$2,698,308▲ $235,002

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$-2,513,810--
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Ellen N BernardPresident
Julia Marciari-alexanderSecretary
Michael J YoungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$25,898
Other Revenue
$225
Change in Net Assets
$-88,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$112,995
Other Expenses$1,142
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$112,995--$112,995
Fees for Services Accounting-$1,092-$1,092
Other Expenses-$50-$50
Total Functional Expenses$112,995$1,142$0$114,137
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
52-6002611--General Support for Operations$112,995
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 was completed by an independent accounting firm. Copies are emailed to the foundation's governing body, and are reviewed and approved by the foundation's governing body before the return is filed.”

Form 990, Part VI, Section B, Line 12C

“Yes, annual reminders of the policy are provided to the board members. Board member signatures are required annually stating that they have received the policy.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements and the conflict of interest policy are all available to the public upon request. Financial statements are also available through guidestar.”

Filing and Contact Details

Filer

EIN
52-1194738
Phone
4105479000

Signing Officer

Name
Kathleen Basham
Title
COO
Phone
4105479000
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julia Marciari-alexander
Formed
1979
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Preparer
Frank H Smith
Phone
2028225000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management evaluated the museum's tax positions and concluded that it has taken no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this guidance.”

Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027868
IRS990/AccountsReceivableGrp/EOYAmt02351
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT AND BENEFIT THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE INSTITUTION KNOWN AS THE TRUSTEES OF THE WALTERS ART GALLERY. T/A THE WALTERS ART MUSEUM. THE AUDIT FOR THE WALTERS ART MUSEUM IS APPENDED.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10WAYNE POPHAM
IRS990/BooksInCareOfDetail/PhoneNum04105479000
IRS990/BooksInCareOfDetail/USAddress/AddressLine10600 NORTH CHARLES STREET
IRS990/BooksInCareOfDetail/USAddress/City0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/State0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCode021201
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0112995
IRS990/CYInvestmentIncomeAmt025898
IRS990/CYOtherExpensesAmt01142
IRS990/CYOtherRevenueAmt0225
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-88014
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0114137
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt026123
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO SUPPORT THE TRUSTEES OF THE WALTERS ART MUSEUM, A RELATED ORGANIZATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0112995
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01092
IRS990/FeesForServicesAccountingGrp/TotalAmt01092
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0ELLEN N BERNARD
IRS990/Form990PartVIISectionAGrp/PersonNm1JULIA MARCIARI-ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL J YOUNG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1295000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt019348
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0112995
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0112995
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0112995
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02042884
IRS990/GrossReceiptsAmt02049659
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt06550
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06550
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02461371
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0149457
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02543863
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02023536
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE WALTERS ART MUSEUM BRINGS ART AND PEOPLE TOGETHER FOR ENJOYMENT, DISCOVERY, AND LEARNING. WE STRIVE TO CREATE A PLACE WHERE PEOPLE OF EVERY BACKGROUND CAN BE TOUCHED BY ART. WE ARE COMMITTED TO EXHIBITIONS AND PROGRAMS THAT WILL STRENGTHEN AND SUSTAIN OUR COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02435438
IRS990/NetAssetsOrFundBalancesEOYAmt02698308
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt019348
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt019348
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0298540
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0416
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050
IRS990/OtherExpensesGrp/TotalAmt050
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0225
IRS990/OtherRevenueTotalAmt0225
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JULIA MARCIARI-ALEXANDER
IRS990/PriorPeriodAdjustmentsAmt052344
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0111467
IRS990/PYInvestmentIncomeAmt011461
IRS990/PYOtherExpensesAmt01704
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-101710
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0113171
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011461
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-88014
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01935
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02221
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0526002611
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc06
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0112995
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10THE TRUSTEES OF THE WALTERS ART GALLERY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0112995
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02663267
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1-2513810
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALTERNATIVE INVESTMENTS - HIGHVISTA II LIMITED PARTNERSHIP
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ALTERNATIVE INVESTMENTS - TEMPORARY SALE LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATED THE MUSEUM'S TAX POSITIONS AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0149457
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0112995
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT FOR OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10THE TRUSTEES OF THE WALTERS ART GALLERY
IRS990ScheduleI/RecipientTable/RecipientEIN0526002611
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10600 NORTH CHARLES STREET
IRS990ScheduleI/RecipientTable/USAddress/City0BALTIMORE
IRS990ScheduleI/RecipientTable/USAddress/State0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode021201
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE WALTERS ART MUSEUM FOUNDATION IS OPERATED SOLELY TO SUPPORT THE TRUSTEES OF THE WALTERS ART GALLERY. THE GRANT IS BASED ON THE PERCENTAGE OF THE ENDOWMENT USING A 4.9% DRAW ON THE AVERAGE MARKET VALUE OF THE ENDOWMENT OVER TWELVE QUARTERS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0295000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIA MARCIARI-ALEXANDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0295000
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS COMPLETED BY AN INDEPENDENT ACCOUNTING FIRM. COPIES ARE EMAILED TO THE FOUNDATION'S GOVERNING BODY, AND ARE REVIEWED AND APPROVED BY THE FOUNDATION'S GOVERNING BODY BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, ANNUAL REMINDERS OF THE POLICY ARE PROVIDED TO THE BOARD MEMBERS. BOARD MEMBER SIGNATURES ARE REQUIRED ANNUALLY STATING THAT THEY HAVE RECEIVED THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10THE TRUSTEES OF THE WALTERS ART MUSEUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10THE TRUSTEES OF THE WALTERS ART GALLERY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0526002611
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ART MUSEUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10600 NORTH CHARLES STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0BALTIMORE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode021201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02435438
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02698308
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02463306
IRS990/TotalAssetsEOYAmt02698308
IRS990/TotalAssetsGrp/BOYAmt02463306
IRS990/TotalAssetsGrp/EOYAmt02698308
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0112995
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114137
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027868
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt027868
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02435438
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02698308
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0112995
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026123
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026123
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02463306
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02698308
IRS990/TotReportableCompRltdOrgAmt0295000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine105 PADDINGTON COURT
IRS990/USAddress/City0BALTIMORE
IRS990/USAddress/State0MD
IRS990/USAddress/ZIPCode021212
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.THEWALTERS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN BASHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO
ReturnHeader/BusinessOfficerGrp/PhoneNum04105479000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE WALTERS ART MUSEUM FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WALT
ReturnHeader/Filer/EIN0521194738
ReturnHeader/Filer/PhoneNum04105479000
ReturnHeader/Filer/USAddress/AddressLine10600 NORTH CHARLES STREET
ReturnHeader/Filer/USAddress/City0BALTIMORE
ReturnHeader/Filer/USAddress/State0MD
ReturnHeader/Filer/USAddress/ZIPCode021201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521511275
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RAFFA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101899 L STREET NW SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode020036
ReturnHeader/PreparerPersonGrp/PhoneNum02028225000
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK H SMITH
ReturnHeader/ReturnTs02015-05-11T13:02:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,698,308
Liabilities
$0
Net assets
$2,698,308
Revenue
$26,123
Expenses
$114,137
Net income
-$88,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.06$0.12$0.06
2024Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.04$0.14$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$0.09$0.13$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$0.09$0.12$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.10$0.13$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.06$0.13$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.11$0.13$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.12$0.13$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$0.24$0.12$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.59$0.00$2.59$0.22$0.12$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$0.67$0.23$0.43
2014Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$0.03$0.11$0.09
2013Summary only. Only limited summary data is available for this year.$2.46$0.03$2.44$0.01$0.11$0.10
2012Summary only. Only limited summary data is available for this year.$2.58$0.03$2.55$0.01$0.11$0.10
2011Summary only. Only limited summary data is available for this year.$2.63$0.03$2.59$0.00$0.14$0.14