Walker Methodist Foundation EIN 41-1383932

Walker Methodist Foundation

EIN  41-1383932 Unknown exempt organization Minnetonka, MN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Raises funds to support Walker Methodist and its affiliated organizations.
Leadership
Chad Coauette · Vice Chair
Money in and out
$146K revenue, $140K expenses
Bottom line
+4% surplus margin

Raises funds to support Walker Methodist and its affiliated organizations. For fiscal year 2024 it reported $146K in revenue, $140K in expenses.Pt I

Reported financial activity · FY2024
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.75 Fundraising $0.25
Surplus margin
+4%
revenue over expenses, this year▲ +126% vs prior filing year
Program spending
75%
of expenses reach programs▲ +45% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$146K
FY2024▼ -55%
Expenses
$140K
FY2024▼ -63%
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $105K of program spending, described in the organization's own filed words · FY2024.
01

Walker Methodist Foundation's primary exempt purpose is to solicit contributions and raise funds to be used by the Walker organizations, a group of 501(c)(3) organizations, of which Walker Methodist Foundation is a supporting organization.

$105Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWalker Methodist Foundation
EINHdr · item D41-1383932
Principal addressHdr · item CMinnetonka, MN
WebsiteHdr · item Jwww.walkermethodist.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Walker Methodist Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$145K · 99%
Investment income$13K · 9%
Contributions & grants99%$145K
Investment income9%$13K
Total revenueLn 12$146K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Fundraising $0.25
Program services75%$105K
Fundraising25%$35K
Total functional expensesLn 25$140K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $140K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $105K · Total expenses $140K
75%
Management & General
Management & general $0 · Total expenses $140K
0%
Fundraising
Fundraising $35K · Total expenses $140K
25%
Cost to raise $1
Fundraising expense (3-yr avg) $76K · Solicited contributions (3-yr avg) $545K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $145K · Total revenue $146K
99%
Government reliance
Government grants — · Total revenue $146K
Earned-income share
Program service revenue $0 · Total revenue $146K
0%
Investment reliance
Investment income $13K · Total revenue $146K
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $140K
0%
Growth & trend
Revenue growth (YoY)
This year $146K · Prior year $328K
-55%
Revenue CAGR
FY2020 $550K · FY2024 $146K
-28%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $146K · Expenses $140K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chad Coauette · Reported title Vice Chair · Highest reported compensation $0 · Total expenses $140K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $140K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 0%
Fundraising cost ratio 24%
Revenue growth -55%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$130K
Grants paid · 23 grants · $1.3M · 2020–2024
Walker Methodist INCFY2024$28,703
Walker Methodist Levande LLCFY2024$10,375
Walker Highview Hills LLCFY2024$7,867
Walker MethodistMN · FY2023$37,198
Walker Residence INCMN · FY2023$29,689
Walker MethodistMN · FY2022$128,496
Walker Residence INCMN · FY2022$8,404
Walker MethodistMN · FY2021$97,883
Walker Residence INCMN · FY2021$7,552
See all 23 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$146K revenue · viewing · ⤓ 990 PDF
FY2023$328K revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$589K revenue · ⤓ 990 PDF
FY2020$550K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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