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Walker Methodist Foundation FY2022 filing

Minnetonka, MNUnknown exempt organization EIN 41-1383932Revenue $1.3M in FY2022

On file with the IRSwalkermethodist.org11055 Wayzata Blvd 200 · Minnetonka, MN

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Solicit contributions & raise funds to support Walker Methodist & affiliates.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $171K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $1.6M in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $130K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$94K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+119% vs prior year
Spent
$599K
To programs
84%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$1.3M
FY2022▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2020$550K
FY2021$589K
FY2022$1.3M
FY2023$328K
FY2024$146K
Expenses
$599K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$551K
FY2022$599K
FY2023$379K
FY2024$140K
Net assets
$3.1M
FY2022▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$3.1M
FY2023$3.2M
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $505K Management & general 0% · $387 Fundraising 16% · $94K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Riddle
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Finn
Vice Chair
$0Pt VII · Sec A
Lynn Swon
Treasurer
$0Pt VII · Sec A
Fred Semmer
Secretary
$0Pt VII · Sec A
Bob Hakes
Director
$0Pt VII · Sec A
Carol Kraft
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Walker Methodist Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds to support Walker Methodist and its affiliated organizations.

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Provided by the organization

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1 program · $505K · in their own filed words · FY2022
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.

$505Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Delta Dental of Minnesota FoundationFY2024$130K
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 Methodist Health Center INCMN · FY2023$92,010
Walker MethodistMN · FY2023$37,198
Walker Residence INCMN · FY2023$29,689
Walker Assisted Living Corporation IMN · FY2023$7,326
Walker Methodist Health Center INCMN · FY2022$317,859
Walker MethodistMN · FY2022$128,496
Walker Assisted Living Corporation IMN · FY2022$14,189
Walker Senior Housing Corporation IxMN · FY2022$9,324
Walker Residence INCMN · FY2022$8,404
Walker Methodist Health Center INCMN · FY2021$250,316
Walker MethodistMN · FY2021$97,883
Walker Senior Housing Corporation IIIMN · FY2021$18,439
Walker Assisted Living Corporation IMN · FY2021$9,904
Walker Residence INCMN · FY2021$7,552
Walker Methodist Health Center INCMN · FY2020$137,690
See all 23 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$50K
Money outPt IX
$599K
Ln 25
Programscol B$505K
Managementcol C$387
Fundraisingcol D$94K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$3.2M
LiabilitiesLn 26$94K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$31K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$70K
Investment incomeLn 3$50K
Gains on assetsLn 7$18K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$95K
Cash and savings togetherLn 1–2$95K
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$1.3M
Total assetsLn 16$3.2M
LiabilitiesLn 26$94K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$364K$95K
InvestmentsLn 11–13$1.8M$1.6M
Land, buildings, equipmentLn 10c$24K$24K
Total assetsLn 16$3.0M$3.2M
LiabilitiesLn 26$354K$94K
Net assetsLn 32$2.7M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$505K$505K
Other employee benefitsLn 9$180$180
Management feesLn 11a$9K$9K
Other fees for servicesLn 11g$30K$30K
Office expensesLn 13$21K$207$21K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$599K$505K$387$94K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $146K$140K$6K$0 990 PDF
FY2023 $328K$379K−$51K$3.2M 990 PDF
FY2022 Viewing $1.3M$599K$690K$3.1M 990 PDF
FY2021 $589K$551K$38K$2.7M 990 PDF
FY2020 $550K$379K$171K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,288,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $501,418$1,239,231
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $71,527$50,260
I-11 Other revenuePrior year $15,575−$732
I-12 Total revenuePrior year $588,520$1,288,759
I-13 Grants and similar amounts paidPrior year $415,658$504,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$180
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,029$94,064
I-18 Total expensesPrior year $550,687$599,044
I-19 Revenue less expensesPrior year $37,833$689,715
Part VI · Governance 11 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,288,759 across 9 lines filed
VIII-1c Fundraising events$69,640
VIII-1e Government grants$30,535
VIII-1f All other contributions, gifts and grants$1,139,056
VIII-1g Noncash contributions (included above)$24,916
VIII-1h Total contributions, gifts and grants$1,239,231
VIII-3 Investment incomeExcluded from tax $32,460$32,460
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,800$17,800
VIII-8 Net income from fundraising eventsExcluded from tax −$732−$732
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $49,528$1,288,759
Part IX · Statement of functional expenses $599,044 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $504,800$504,800
IX-9 Other employee benefitsManagement $180$180
IX-11a Management feesFundraising $8,956$8,956
IX-11g Other fees for servicesFundraising $29,937$29,937
IX-13 Office expensesManagement $207 · Fundraising $21,208$21,415
IX-17 TravelFundraising $1,251$1,251
IX-19 Conferences, conventions and meetingsFundraising $1,552$1,552
IX-24 Other expenses (24a–d)Fundraising $30,953$30,953
IX-25 Total functional expensesPrograms $504,800 · Management $387 · Fundraising $93,857$599,044
Part X · Balance sheet $3,215,893 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $364,377$94,813
X-3 Pledges and grants receivableStart of year $157,086$194,865
X-9 Prepaid expenses and deferred chargesStart of year $5,135$8,950
X-10c Land, buildings and equipment, netStart of year $24,309$24,309
X-11 Publicly traded securitiesStart of year $1,814,206$1,620,991
X-15 Other assetsStart of year $682,441$1,271,965
X-16 Total assetsStart of year $3,047,554$3,215,893
X-17 Accounts payable and accrued expensesStart of year $30,321$22,619
X-25 Other liabilitiesStart of year $324,127$71,254
X-26 Total liabilitiesStart of year $354,448$93,873
X-27 Net assets without donor restrictionsStart of year $1,618,480$1,472,852
X-28 Net assets with donor restrictionsStart of year $1,074,626$1,649,168
X-32 Total net assets or fund balancesStart of year $2,693,106$3,122,020
X-33 Total liabilities and net assetsStart of year $3,047,554$3,215,893
Part XI · Reconciliation of net assets $3,122,020 net assets at year end
XI-1 Total revenue$1,288,759
XI-2 Total expenses$599,044
XI-3 Revenue less expenses$689,715
XI-4 Net assets at start of year$2,693,106
XI-5 Net unrealized gains (losses) on investments−$243,475
XI-9 Other changes in net assets−$17,326
XI-10 Net assets at end of year$3,122,020

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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