2024-05-15T13:55:49-05:00 2023-06-30 710817652 FROST PLLC 4375 N VANTAGE DRIVE SUITE 403 FAYETTEVILLE AR 72703 990 2022-07-01 710647212 WALTON ARTS CENTER COUNCIL INC WALT 4794439216 P O BOX 3547 FAYETTEVILLE AR 72702 PETER LANE CEO/PRESIDENT 4794439216 2024-05-14 1 PETER LANE 999009999 0 JANET M PTACEK P00226415 4796954300 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER LANE P O BOX 3547 FAYETTEVILLE AR 72702 44170287 0 X WWW.WALTONARTSCENTER.ORG X 1992 AR TO PRESENT AND PROMOTE THE ARTS IN NORTHWEST ARKANSAS 22 22 747 250 0 0 19871869 8628028 24687624 34184858 31190 530286 54270 601286 44644953 43944458 0 0 0 0 7181910 8439775 0 0 1150474 28405269 38248361 35587179 46688136 9057774 -2743678 96355253 97374565 49962684 53260306 46392569 44114259 TO BRING GREAT PERFORMING ARTISTS AND ENTERTAINERS FROM AROUND THE WORLD TO NORTHWEST ARKANSAS, CONNECTING AND ENGAGING PEOPLE THROUGH INSPIRING ARTS EXPERIENCES 0 0 40646845 34184858 TO PROMOTE AND PROVIDE THE ARTS IN NORTHWEST ARKANSAS THROUGH THE PRESENTATION OF PERFORMANCES, VISUAL ARTS, AND EDUCATIONAL PROGRAMS 40646845 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 133 0 1 747 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 AR X TIM VOGT VP OF FINANCECFO 4794439216 P O BOX 3547 FAYETTEVILLE AR 72702 TONY WALLER VICE-CHAIR 1.00 X 0 0 0 SHELLEY SIMMONS BOARD MEMBER 1.00 X 0 0 0 SHABANA KAUSER BOARD MEMBER 1.00 X 0 0 0 SCOTT VARADY BOARD MEMBER 1.00 X 0 0 0 RYAN HARRINGTON BOARD MEMBER 1.00 X 0 0 0 NATE HODNE CHAIR 1.00 X 0 0 0 MERVIN JEBARAJ BOARD MEMBER 1.00 X 0 0 0 MEGAN TIMBERLAKE VICE-CHAIR 1.00 X 0 0 0 MATT TRANTHAM BOARD MEMBER 1.00 X 0 0 0 MARTI SUDDUTH VICE-CHAIR 1.00 X 0 0 0 LIA URIBE BOARD MEMBER 1.00 X 0 0 0 LAURA JACOBS VICE-CHAIR 1.00 X 0 0 0 KAREN ROBERTS VICE-CHAIR/TREASURER 1.00 X 0 0 0 JUSTIN TENNANT BOARD MEMBER 1.00 X 0 0 0 JUDITH MCKENNA BOARD MEMBER 1.00 X 0 0 0 JODY DILDAY BOARD MEMBER 1.00 X 0 0 0 ELECIA SMITH BOARD MEMBER 1.00 X 0 0 0 ELDA SCOTT BOARD MEMBER 1.00 X 0 0 0 CHRIS NICHOLAS BOARD MEMBER 1.00 X 0 0 0 CASEY HAMAKER SECRETARY/TREASURER 1.00 X X 0 0 0 CAL ROSE BOARD MEMBER 1.00 X 0 0 0 ANNE O'LEARY-KELLY CHAIR 1.00 X 0 0 0 DIANA MARSHALL BOARD MEMBER 1.00 X 0 0 0 TIM VOGT CFO/VP, FINANCE 40.00 X 171971 0 17823 PETER LANE CEO/ PRESIDENT 40.00 X 473274 0 30640 JEFF MANN CHIEF OPERATING OFFICER 40.00 X 248199 0 3226 BECKY BRINK VP OF DEVELOPMENT 40.00 X 162016 0 9728 NICK ZAZAL GENERAL MANAGER, AMP 40.00 X 127749 0 13520 JONATHAN DOWNEY DIRECTOR OF INFORMATION TE 40.00 X 129334 0 10404 JENNIFER ROSS VP, PROGRAMMING 40.00 X 108170 0 16802 BRIAN CROWNE VP, AMP 40.00 X 115838 0 17362 BOB PLESS WAC GENERAL MANAGER & SENI 40.00 X 123939 0 14976 1660490 0 134481 9 0 1 0 0 410617 657000 7560411 49416 8628028 TICKET SALES 711300 22008290 22008290 OTHER GENERAL SALES 711300 12169448 12169448 EDUCATIONAL CLASS FEE 711300 7120 7120 34184858 517815 517815 712415 0 712415 712415 712415 12471 0 12471 12471 12471 114700 410617 225829 -111129 -111129 43944458 34184858 0 1131572 X 1794970 1107211 462688 225071 5462999 3369801 1408194 685004 688465 424673 177465 86327 493341 304313 127168 61860 296120 198226 97894 940060 933635 6425 1471910 1471910 387907 291508 82388 14011 625683 106980 518703 146298 107857 26808 11633 17238 8705 5524 3009 13155 13155 3607290 3348835 258455 477714 198838 278876 ARTIST FEES 17124734 17124734 ARTIST EXPENSE 3309510 3309510 CONTRACT SERVICES 3276327 2950981 325346 TEMPORARY EMPLOYEES 1666350 1666350 4888065 3722778 1101728 63559 46688136 40646845 4890817 1150474 33373995 7987658 18200000 3499421 2954151 6488772 8806594 4351810 3121672 67121740 23521541 45259772 43600199 3303374 12582221 8572 6335 69537 115735 96355253 97374565 3063823 3568585 39802479 43047806 7096382 6643915 49962684 53260306 X 42892569 40614259 3500000 3500000 46392569 44114259 96355253 97374565 -2743678 465368 0 X 0 1 X 1 1 1 X 6497265 6511977 7568530 16667872 5063979 42309623 19683858 18777764 696694 24687624 34184858 98030798 2927034 5325810 5133500 3203997 3564049 20154390 29108157 30615551 13398724 44559493 42812886 160494811 665467 3977854 7337250 3852516 2045492 17878579 0 665467 3977854 7337250 3852516 2045492 17878579 142616232 311483 327427 231271 243160 1230230 2343571 311483 327427 231271 243160 1230230 2343571 289268 353331 -15265 -157700 -111129 358505 29708908 31296309 13614730 44644953 43931987 163196887 0.87390 0.86750 0.01440 0.00990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17710449 738572 673000 17776021 19454954 -1148505 596000 17710449 14781235 5503719 830000 19454954 15135718 176541 531024 14781235 14792572 833904 490758 15135718 0.47881 0.52119 0 1 1 3505000 3505000 28629475 7479407 21150068 24116112 9988165 14127947 5518588 3836341 1682247 5352565 2217628 3134937 43600199 X 44635655 465368 225829 691197 43944458 0 43944458 46913965 225829 225829 46688136 0 46688136 PART X, LINE 2: THE COUNCIL'S POLICY WITH RESPECT TO EVALUATING UNCERTAIN TAX POSITIONS IS BASED UPON WHETHER MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THE UNCERTAIN TAX POSITIONS WILL BE SUSTAINED UPON REVIEW BY THE TAXING AUTHORITIES, THEN THE COUNCIL SHALL INITIALLY AND SUBSEQUENTLY MEASURE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE TAX POSITION MUST MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD WITH CONSIDERATION GIVEN TO THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON SETTLEMENT USING THE FACTS, CIRCUMSTANCES AND INFORMATION AT THE REPORTING DATE. THE COUNCIL WILL REFLECT ONLY THE PORTION OF THE TAX BENEFIT THAT WILL BE SUSTAINED UPON RESOLUTION OF THE POSITION AND APPLICABLE INTEREST ON THE PORTION OF THE TAX BENEFIT NOT RECOGNIZED. BASED UPON MANAGEMENT'S ASSESSMENT, THERE ARE NO UNCERTAIN TAX POSITIONS EXPECTED TO HAVE A MATERIAL IMPACT ON THE COUNCIL'S COMBINED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES MASQUERADE 274656 274656 27498 35317 43629 ART OF WINE 250661 135961 114700 17692 44178 57515 525317 410617 114700 45190 79495 101144 225829 -111129 X 0 0 0 0 0 0 0 0 0 PETER LANE CEO/ PRESIDENT 0 0 473274 0 0 0 18763 0 11877 0 503914 0 0 0 JEFF MANN CHIEF OPERATING OFFICER 0 0 248199 0 0 0 0 0 3226 0 251425 0 0 0 TIM VOGT CFO/VP, FINANCE 0 0 171971 0 0 0 10290 0 7533 0 189794 0 0 0 BECKY BRINK VP OF DEVELOPMENT 0 0 162016 0 0 0 9728 0 0 0 171744 0 0 0 PART I, LINE 3 A WRITTEN EMPLOYMENT CONTRACT WAS USED TO ESTABLISH THE COMPENSATION OF THE CEO. INTERNAL SALARIES ARE MEASURED AGAINST BENCHMARKS DERIVED FROM INDEPENDENT MARKET STUDIES. X 6 49416 NYSE X VENUE/ SIGNAGE 1 40000 VALUE OF GOODS DONAT X CATERING 6 26957 VALUE OF GOODS DONAT 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD RECEIVES A COPY OF THE 990 FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 A WRITTEN EMPLOYMENT CONTRACT WAS USED TO ESTABLISH THE COMPENSATION OF THE CEO. INTERNAL SALARIES ARE MEASURED AGAINST BENCHMARKS DERIVED FROM INDEPENDENT MARKET STUDIES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E CONCESSIONS: PROGRAM SERVICE EXPENSES 1,160,958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,160,958. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 721,138. MANAGEMENT AND GENERAL EXPENSES 21,828. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 742,966. IN-KIND DONATIONS: PROGRAM SERVICE EXPENSES 711,102. MANAGEMENT AND GENERAL EXPENSES 23,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 734,602. SPONSORSHIP ALLOWANCE: PROGRAM SERVICE EXPENSES 427,266. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 7,251. TOTAL EXPENSES 434,517. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 66,806. MANAGEMENT AND GENERAL EXPENSES 268,251. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 335,057. CATERING: PROGRAM SERVICE EXPENSES 301,738. MANAGEMENT AND GENERAL EXPENSES 2,095. FUNDRAISING EXPENSES 13,016. TOTAL EXPENSES 316,849. SMALL TOOLS & EQUIPMENT: PROGRAM SERVICE EXPENSES 128,126. MANAGEMENT AND GENERAL EXPENSES 126,944. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 255,070. LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 222,339. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222,339. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 28,990. MANAGEMENT AND GENERAL EXPENSES 163,681. FUNDRAISING EXPENSES 5,049. TOTAL EXPENSES 197,720. SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 28,388. MANAGEMENT AND GENERAL EXPENSES 91,573. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 119,961. LANDSCAPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 94,133. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,133. FACULTY FEES: PROGRAM SERVICE EXPENSES 52,897. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,897. TELEPHONE: PROGRAM SERVICE EXPENSES 904. MANAGEMENT AND GENERAL EXPENSES 51,553. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,457. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 33,746. MANAGEMENT AND GENERAL EXPENSES 13,670. FUNDRAISING EXPENSES 545. TOTAL EXPENSES 47,961. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 25,079. MANAGEMENT AND GENERAL EXPENSES 1,896. FUNDRAISING EXPENSES 10,157. TOTAL EXPENSES 37,132. PRINTING AND COPIES: PROGRAM SERVICE EXPENSES 23,398. MANAGEMENT AND GENERAL EXPENSES 8,372. FUNDRAISING EXPENSES 4,957. TOTAL EXPENSES 36,727. RECRUITING EXPENSES: PROGRAM SERVICE EXPENSES 12,242. MANAGEMENT AND GENERAL EXPENSES 11,893. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,135. DONOR CULTIVATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 22,584. TOTAL EXPENSES 22,584. NWA ENTERTAINMENT LLC 229 N SCHOOL STREET FAYETTEVILLE AR 72703 274630935 CONCERT VENUE AR 29262696 7730476 WALTON ARTS CENTER COUNCIL INC WALTON ARTS CENTER FOUNDATION INC PO BOX 3547 FAYETTEVILLE AR 72702 710646963 APPROVE BUDGETS, MAINTAINS ENDOWMENTS AND OTHER RESTRICTED FUNDS AR 501(C)3 11C N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 WALTON ARTS CENTER FOUNDATION INC C 657000 CASH WALTON ARTS CENTER FOUNDATION INC Q 14500 CASH