Civic Intelligence

Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr

990 • Fiscal year 2021 • EIN 52-6021290

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 19, 2022

Organization ProfileN/A
116 Allegheny Center Mall P8yb3502lPittsburgh, PA 15212

(412) 807-6049

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2021 filings • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

15th percentile

0.00x

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

2021 filings • $25M-$50M nonprofits • Source year 2021

Net Margin

87th percentile

61%

Higher net margin than 87% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$203,717

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2021 filings • $25M-$50M nonprofits • Source year 2021

Asset Growth

55th percentile

11%

Faster asset growth than 55% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-35%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$45,504,203

Up $4,363,184 (+11%) from 2020

Net Assets

Up

$45,504,203

Up $4,363,184 (+11%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin87th percentile

Revenue

Down

$6,881,220

Down $3,758,407 (-35%) from 2020

Expenses

Up

$2,701,329

Up $356,012 (+15%) from 2020

Net Income

Down

$4,179,891

Down $4,114,419 (-50%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$60M$40M$20M$0Assets 2010: $23,472,695Liabilities 2010: $0Net Assets 2010: $23,472,6952010Assets 2011: $23,866,087Liabilities 2011: $0Net Assets 2011: $23,866,0872011Assets 2012: $24,321,984Liabilities 2012: $0Net Assets 2012: $24,321,9842012Assets 2013: $25,281,331Liabilities 2013: $0Net Assets 2013: $25,281,3312013Assets 2014: $26,828,620Liabilities 2014: $0Net Assets 2014: $26,828,6202014Assets 2015: $28,348,218Liabilities 2015: $0Net Assets 2015: $28,348,2182015Assets 2016: $28,779,706Liabilities 2016: $0Net Assets 2016: $28,779,7062016Assets 2017: $30,749,927Liabilities 2017: $0Net Assets 2017: $30,749,9272017Assets 2018: $32,669,006Liabilities 2018: $0Net Assets 2018: $32,669,0062018Assets 2019: $33,040,847Liabilities 2019: $0Net Assets 2019: $33,040,8472019Assets 2020: $41,141,019Liabilities 2020: $0Net Assets 2020: $41,141,0192020Assets 2021: $45,504,203Liabilities 2021: $0Net Assets 2021: $45,504,2032021Assets 2022: $43,682,753Liabilities 2022: $0Net Assets 2022: $43,682,7532022Assets 2023: $43,518,937Liabilities 2023: $0Net Assets 2023: $43,518,9372023Assets 2024: $46,263,759Liabilities 2024: $0Net Assets 2024: $46,263,7592024

Highlighted filing

2021

Assets$45,504,203
Liabilities$0
Net Assets$45,504,203
Open 2021 Filing

Operations Trend

Revenue Growth7th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,438,6002010Expenses 2011: $1,366,7062011Expenses 2012: $1,386,1692012Revenue 2013: $2,388,517Expenses 2013: $1,510,592Net Income 2013: $877,9252013Revenue 2014: $2,931,025Expenses 2014: $1,588,164Net Income 2014: $1,342,8612014Revenue 2015: $3,135,996Expenses 2015: $1,655,778Net Income 2015: $1,480,2182015Revenue 2016: $2,160,471Expenses 2016: $1,706,963Net Income 2016: $453,5082016Revenue 2017: $3,858,870Expenses 2017: $1,862,430Net Income 2017: $1,996,4402017Revenue 2018: $3,944,886Expenses 2018: $2,020,327Net Income 2018: $1,924,5592018Revenue 2019: $2,535,135Expenses 2019: $2,140,388Net Income 2019: $394,7472019Revenue 2020: $10,639,627Expenses 2020: $2,345,317Net Income 2020: $8,294,3102020Revenue 2021: $6,881,220Expenses 2021: $2,701,329Net Income 2021: $4,179,8912021Revenue 2022: $1,090,605Expenses 2022: $2,876,558Net Income 2022: -$1,785,9532022Revenue 2023: $2,783,553Expenses 2023: $2,940,688Net Income 2023: -$157,1352023Revenue 2024: $5,960,239Expenses 2024: $3,212,582Net Income 2024: $2,747,6572024

Highlighted filing

2021

Revenue$6,881,220
Expenses$2,701,329
Net Income$4,179,891
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 19, 2022
Return Version
2021v4.1
Gross Receipts
$20,720,114
Mission and Program Overview

Mission

To provide support for the walters art gallery

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$45,504,203-
Investments in Publicly Traded Securities$40,327,407$44,640,853▲ $4,313,446
Cap Stk Tr Prin Current Funds$41,141,019--
Savings and Temporary Cash Investments$813,612$863,395▲ $49,783
Cash and Non-Interest-Bearing Accounts-$-45-
Total Assets$41,141,019$45,504,203▲ $4,363,184
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,141,019$45,504,203▲ $4,363,184
Total Liabilities and Net Assets / Fund Balance$41,141,019$45,504,203▲ $4,363,184
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteeFT$203,717$203,717
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,881,220
Other Revenue
$0
Change in Net Assets
$4,179,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,281,092
Other Expenses$216,520
Salaries, Compensation, and Employee Benefits$203,717
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,281,092--$2,281,092
Current Officers, Directors, Trustees, and Key Employees$40,743$162,974-$203,717
Fees for Services Management-$198,170-$198,170
All Other Expenses-$18,350-$18,350
Total Functional Expenses$2,321,835$379,494$0$2,701,329
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Walters Art Museum Foundation IncBaltimore, MD501(c)(3)To Provide Support to the Walters Art Gallery$2,281,092
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

“The henry walters for walters art gallery endowment fund is a trust fund and has no written policy regarding documentation of meetings and written actions of its governing body and committees with authority to act on its behalf”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

“The henry walters for walters art gallery endowment fund is a trust fund and has no written policy regarding documentation of meetings and written actions of its governing body and committees with authority to act on its behalf”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“Pnc bank, as sole trustee, arranges for the preparation of form 990. Returns are submitted to the trustee for review prior to filing.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

“The conflict of interest policy of pnc charitable trust requires an annual affirmation that it has been received, read, understood and agreed to be complied with. In addition the policy requires an annual disclosure of the existence and nature of any affiliation in which a party would be considered an "interested person" under the policy.”

Form 990, Page 6, Part VI, Line 18

“Forms are made available upon request.”

Form 990, Page 6, Part VI, Line 19

“Form 990 and related financial statements are made available through request. The governing documents and conflict of interest policy are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Walters Art Gallery End
EIN
52-6021290
Phone
4128076049
Address
116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA 15212

Signing Officer

Name
Pnc Bank N a by
Title
Vice President
Phone
4128076049
Signed
2022-04-19
Discuss with paid preparer
Yes

Organization Details

Formed
1931
Legal Domicile
Md
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Eric W Coursey
Phone
8445222059
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“Return of capital adjustment ($1,332); prior year roc adjustment ($14,138); 2020 transactions posted in 2021 $10,702; 2020 sales posted in 2021 $207,978; 2021 transactions posted in 2022 ($11,157); 2021 sales posted in 2022 $884; wash sales adjustment ($7,267); adjustment to income $490; adjustment for accrued interest ($5,344); py wash sales adjustment $2,476”

Raw XML Appendix355 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/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE SUPPORT FOR THE WALTERS ART GALLERY
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt018350
IRS990/AllOtherExpensesGrp/TotalAmt018350
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PNC BANK NA
IRS990/BooksInCareOfDetail/PhoneNum04128076049
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0116 ALLEGHENY CENTER MALL
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015212
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt041141019
IRS990/CashNonInterestBearingGrp/EOYAmt0-45
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0162974
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt040743
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0203717
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt02281092
IRS990/CYInvestmentIncomeAmt06881220
IRS990/CYOtherExpensesAmt0216520
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt04179891
IRS990/CYSalariesCompEmpBnftPaidAmt0203717
IRS990/CYTotalExpensesAmt02701329
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06881220
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDE FINANCIAL SUPPORT FOR THE WALTERS ART GALLERY MUSEUM
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt02321835
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0198170
IRS990/FeesForServicesManagementGrp/TotalAmt0198170
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt041.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0PNC BANK NA
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0203717
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt06236125
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt02281092
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02281092
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02281092
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt020075019
IRS990/GrossReceiptsAmt020720114
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0645095
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0645095
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt040327407
IRS990/InvestmentsPubTradedSecGrp/EOYAmt044640853
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013838894
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0TO PROVIDE SUPPORT FOR THE WALTERS ART GALLERY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt041141019
IRS990/NetAssetsOrFundBalancesEOYAmt045504203
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06236125
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06236125
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization4947a1NotPFInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0true
IRS990/OtherChangesInNetAssetsAmt0183293
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0PNC BANK NA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02044488
IRS990/PYInvestmentIncomeAmt010638772
IRS990/PYOtherExpensesAmt011255
IRS990/PYOtherRevenueAmt0855
IRS990/PYRevenuesLessExpensesAmt08294310
IRS990/PYSalariesCompEmpBnftPaidAmt0289574
IRS990/PYTotalExpensesAmt02345317
IRS990/PYTotalRevenueAmt010639627
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04179891
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt045504203
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0813612
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0863395
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization has been established in 1931 under the Will of Henry Walters, who left his art gallery, The Walters Art Gallery, to the Mayor and City Council of Baltimore, as well as an endowment, ie this filing organization, for the maintenance and upkeep of the gallery.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The supported organization has requested that the annual distributions be sent to a related foundation
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2PNC , as the corporate trustee, maintains regular communications with the supported organization regarding financial statements and distribution scheduling.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART VI, LINES 2A AND 2B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, LINE 6
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION D , LINE 2
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0526002611
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02281092
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TRUSTEES OF WALTER'S ART MUSEUM
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt02281092
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt02281092
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT TO THE WALTERS ART GALLERY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WALTERS ART MUSEUM FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0521194738
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 NORTH CHARLES STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BALTIMORE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021201
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE HENRY WALTERS FOR WALTERS ART GALLERY ENDOWMENT FUND IS A TRUST FUND THAT DISBURSES FUNDS ONLY TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUST'S GOVERNING INSTRUMENT TO BE USED ONLY IN ACCORDANCE WITH THE GOVERNING INSTRUMENT
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HENRY WALTERS FOR WALTERS ART GALLERY ENDOWMENT FUND IS A TRUST FUND AND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE HENRY WALTERS FOR WALTERS ART GALLERY ENDOWMENT FUND IS A TRUST FUND AND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PNC BANK, AS SOLE TRUSTEE, ARRANGES FOR THE PREPARATION OF FORM 990. RETURNS ARE SUBMITTED TO THE TRUSTEE FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY OF PNC CHARITABLE TRUST REQUIRES AN ANNUAL AFFIRMATION THAT IT HAS BEEN RECEIVED, READ, UNDERSTOOD AND AGREED TO BE COMPLIED WITH. IN ADDITION THE POLICY REQUIRES AN ANNUAL DISCLOSURE OF THE EXISTENCE AND NATURE OF ANY AFFILIATION IN WHICH A PARTY WOULD BE CONSIDERED AN "INTERESTED PERSON" UNDER THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORMS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RETURN OF CAPITAL ADJUSTMENT ($1,332); PRIOR YEAR ROC ADJUSTMENT ($14,138); 2020 TRANSACTIONS POSTED IN 2021 $10,702; 2020 SALES POSTED IN 2021 $207,978; 2021 TRANSACTIONS POSTED IN 2022 ($11,157); 2021 SALES POSTED IN 2022 $884; WASH SALES ADJUSTMENT ($7,267); ADJUSTMENT TO INCOME $490; ADJUSTMENT FOR ACCRUED INTEREST ($5,344); PY WASH SALES ADJUSTMENT $2,476
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,504,203
Liabilities
$0
Net assets
$45,504,203
Revenue
$6,881,220
Expenses
$2,701,329
Net income
$4,179,891
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$46.3$0.00$46.3$5.96$3.21$2.75
2023Detailed filing. Detailed filing data is available for this year.$43.5$0.00$43.5$2.78$2.94$0.16
2022Detailed filing. Detailed filing data is available for this year.$43.7$0.00$43.7$1.09$2.88$1.79
2021Detailed filing. Detailed filing data is available for this year.$45.5$0.00$45.5$6.88$2.70$4.18
2020Detailed filing. Detailed filing data is available for this year.$41.1$0.00$41.1$10.6$2.35$8.29
2019Detailed filing. Detailed filing data is available for this year.$33.0$0.00$33.0$2.54$2.14$0.39
2018Detailed filing. Detailed filing data is available for this year.$32.7$0.00$32.7$3.94$2.02$1.92
2017Detailed filing. Detailed filing data is available for this year.$30.7$0.00$30.7$3.86$1.86$2.00
2016Detailed filing. Detailed filing data is available for this year.$28.8$0.00$28.8$2.16$1.71$0.45
2015Detailed filing. Detailed filing data is available for this year.$28.3$0.00$28.3$3.14$1.66$1.48
2014Detailed filing. Detailed filing data is available for this year.$26.8$0.00$26.8$2.93$1.59$1.34
2013Detailed filing. Detailed filing data is available for this year.$25.3$0.00$25.3$2.39$1.51$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$0.00$24.3$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$0.00$23.9$1.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$0.00$23.5$1.44