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Nonprofiteer
← WALTON ARTS CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by WALTON ARTS CENTER FOUNDATION INC.

Totals

Total revenue
$301,624
Total expenses
$738,065
Contributions and grants received
$0
Grants paid
$687,000
Program service revenue
$0
Investment income
$301,624
Other revenue
$0
Total assets, end of year
$19,316,668
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,316,668
Program services expenses (Part IX)
$687,000
Management and general expenses
$51,065
Fundraising expenses
$0
Program service expenses (Part III)
$687,000

Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $163,444 · excluded $163,444

  • 7a · Gross sales of assets other than inventory

    securities $8,356,671

  • 7b · Less cost or other basis and sales expenses

    securities $8,218,491

  • 7c · Gain or loss

    securities $138,180

  • 7d · Net gain or loss

    total $138,180 · excluded $138,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $687,000 · program services $687,000

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11f · Fees: investment management

    total $35,065 · management and general $35,065

  • 11g · Fees: other

    total $9,500 · management and general $9,500

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $1,500 · management and general $1,500

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $17,776,021 · end of year $19,316,668

  • 28 · Net assets with donor restrictions

    beginning of year $17,776,021 · end of year $19,316,668

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

THIS ENTITY IS A SUPPORTING ORGANIZATION FOR THE WALTON ARTS CENTER COUNCIL

  • SUPPORTS THE OPERATIONS OF WALTON ARTS CENTER COUNCIL THROUGH THE TRANSFER OF FUNDS FROM RELATED ENDOWMENTS.

    Expenses $687,000 · Grants $687,000

As filed on the 2023 return.

Listed in Part VII

  • Jeff Clapper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Mark Power

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Marybeth Hays

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gary Peters

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Jaclyn Henderson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Kelly Sudduth

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Brett Biggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Al Dominguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Peter Lane

    CEO/PRESIDENT

    Total calculated
    $609,817
    From this org
    $0
    From related orgs
    $574,620
    Other
    $35,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $574,620 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,717 related
    Nontaxable benefits
    $0 + $14,480 related
    Filer's total
    $0 + $609,817 related

  • Tim Vogt

    CFO/VP, FINANCE

    Total calculated
    $204,519
    From this org
    $0
    From related orgs
    $184,116
    Other
    $20,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $184,116 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,267 related
    Nontaxable benefits
    $0 + $10,136 related
    Filer's total
    $0 + $204,519 related

  • Jeff Mann

    CHIEF OPERATING OFFICER

    Total calculated
    $369,834
    From this org
    $0
    From related orgs
    $352,762
    Other
    $17,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $352,762 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,738 related
    Nontaxable benefits
    $0 + $4,334 related
    Filer's total
    $0 + $369,834 related

  • Becky Brink

    VP OF DEVELOPMENT

    Total calculated
    $184,037
    From this org
    $0
    From related orgs
    $174,327
    Other
    $9,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $174,327 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,710 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $184,037 related

  • Kyle May

    DIRECTOR OF DEVELOPMENT WALMART AMP

    Total calculated
    $122,404
    From this org
    $0
    From related orgs
    $104,423
    Other
    $17,981
    Hours/week
    40

  • Jo Bailey

    DIRECTOR OF FOOD & BEVERAGE

    Total calculated
    $119,700
    From this org
    $0
    From related orgs
    $117,800
    Other
    $1,900
    Hours/week
    40

  • Jonathan Downey

    DIRECTOR OF INFORMATION TE

    Total calculated
    $186,057
    From this org
    $0
    From related orgs
    $168,727
    Other
    $17,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $168,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,327 related
    Nontaxable benefits
    $0 + $14,003 related
    Filer's total
    $0 + $186,057 related

  • Nick Zazal

    GENERAL MANAGER, AMP

    Total calculated
    $150,800
    From this org
    $0
    From related orgs
    $135,518
    Other
    $15,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $135,518 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,173 related
    Nontaxable benefits
    $0 + $8,109 related
    Filer's total
    $0 + $150,800 related

  • Brian Crowne

    VP, AMP

    Total calculated
    $138,285
    From this org
    $0
    From related orgs
    $117,564
    Other
    $20,721
    Hours/week
    40

  • Jennifer Ross

    VP, PROGRAMMING

    Total calculated
    $132,880
    From this org
    $0
    From related orgs
    $115,500
    Other
    $17,380
    Hours/week
    40

  • Bob Pless

    WAC GENERAL MANAGER & SENI

    Total calculated
    $149,288
    From this org
    $0
    From related orgs
    $131,630
    Other
    $17,658
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403199349304625

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