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Nonprofiteer
← WALTON ARTS CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by WALTON ARTS CENTER FOUNDATION INC.

Totals

Total revenue
$496,752
Total expenses
$715,649
Contributions and grants received
$0
Grants paid
$657,000
Program service revenue
$0
Investment income
$496,752
Other revenue
$0
Total assets, end of year
$17,776,021
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,776,021
Program services expenses (Part IX)
$657,000
Management and general expenses
$58,649
Fundraising expenses
$0
Program service expenses (Part III)
$657,000

Program services were 91.8% 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 $153,245 · excluded $153,245

  • 7a · Gross sales of assets other than inventory

    securities $7,533,402

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

    securities $7,189,895

  • 7c · Gain or loss

    securities $343,507

  • 7d · Net gain or loss

    total $343,507 · excluded $343,507

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $657,000 · program services $657,000

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $42,649 · management and general $42,649

  • 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 $17,710,449 · end of year $17,776,021

  • 27 · Net assets without donor restrictions

    beginning of year -$141,585 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $17,852,034 · end of year $17,776,021

Mission and programs · 2022

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 $657,000 · Grants $657,000

As filed on the 2022 return.

Listed in Part VII

  • Brock Gearhart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Colleen Briney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gary Peters

    SECRETARY/ TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Jaclyn Henderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jeff Clapper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Sarah Diebold

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Kelly Sudduth

    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

  • Tim Vogt

    CFO/VP, FINANCE

    Total calculated
    $189,794
    From this org
    $0
    From related orgs
    $171,971
    Other
    $17,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,971 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,290 related
    Nontaxable benefits
    $0 + $7,533 related
    Filer's total
    $0 + $189,794 related

  • Jeff Mann

    CHIEF OPERATING OFFICER

    Total calculated
    $251,425
    From this org
    $0
    From related orgs
    $248,199
    Other
    $3,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $248,199 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,226 related
    Filer's total
    $0 + $251,425 related

  • Peter Lane

    CEO/PRESIDENT

    Total calculated
    $503,914
    From this org
    $0
    From related orgs
    $473,274
    Other
    $30,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $473,274 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,763 related
    Nontaxable benefits
    $0 + $11,877 related
    Filer's total
    $0 + $503,914 related

  • Becky Brink

    VP OF DEVELOPMENT

    Total calculated
    $171,744
    From this org
    $0
    From related orgs
    $162,016
    Other
    $9,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,016 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,728 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $171,744 related

  • Jennifer Ross

    VP, PROGRAMMING

    Total calculated
    $124,972
    From this org
    $0
    From related orgs
    $108,170
    Other
    $16,802
    Hours/week
    40

  • Brian Crowne

    VP, AMP

    Total calculated
    $133,200
    From this org
    $0
    From related orgs
    $115,838
    Other
    $17,362
    Hours/week
    40

  • Bob Pless

    WAC GENERAL MANAGER & SENI

    Total calculated
    $138,915
    From this org
    $0
    From related orgs
    $123,939
    Other
    $14,976
    Hours/week
    40

  • Nick Zazal

    GENERAL MANAGER, AMP

    Total calculated
    $141,269
    From this org
    $0
    From related orgs
    $127,749
    Other
    $13,520
    Hours/week
    40

  • Jonathan Downey

    DIRECTOR OF INFORMATION TE

    Total calculated
    $139,738
    From this org
    $0
    From related orgs
    $129,334
    Other
    $10,404
    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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349309591

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