2025-05-15T13:27:11-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-01-01 411383932 Walker Methodist Foundation WALK 6128278400 11055 Wayzata Blvd 200 Minnetonka MN 55305 Marnie Gugisberg CFO 6128278400 2025-05-15 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-05-15 2024 2025-03-06 01:10:19Z X Marnie Gugisberg 11055 Wayzata Blvd 200 Minnetonka MN 55305 164676 0 X www.walkermethodist.org X 1980 MN Solicit contributions and raise funds to support Walker Methodist and Affiliates. X 12 12 0 12 0 0 282501 144862 0 0 55414 12590 -10247 -11604 327668 145848 195267 104902 0 0 0 0 0 0 35048 183273 35048 378540 139950 -50872 5898 3231805 0 2538 0 3229267 0 Life, and all the living that goes with it. Enhancing the lives of older adults through a culture of care, respect and service. 0 0 104902 104902 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. 104902 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Marnie Gugisberg 3207631164 11055 Wayzata Blvd 200 Minnetonka MN 55305 X Chad Coauette Vice Chair 1.00 0.00 X X 0 0 0 Philip Hanson Chair 1.00 0.00 X X 0 0 0 Fred Semmer Secretary/Treasurer 1.00 0.00 X X 0 0 0 David Steven Wolf Past Chair 1.00 0.00 X X 0 0 0 Greg Billberg Director 1.00 0.00 X 0 0 0 Julie Critz Director 1.00 0.00 X 0 0 0 Mick Finn Director 1.00 0.00 X 0 0 0 Vicki Jodsaas Director 1.00 0.00 X 0 0 0 Carol Kraft Director 1.00 0.00 X 0 0 0 Kate Lee Director 1.00 0.00 X 0 0 0 Jeff Montgomery Director 1.00 0.00 X 0 0 0 Scott Redden Director 1.00 0.00 X 0 0 0 Mark Anderson President/CEO 1.00 39.00 X 0 0 0 Marnie Gugisberg Sr VP/CFO 1.00 39.00 X 0 0 0 Katie Perry Sr VP/COO 2.00 38.00 X 0 0 0 0 0 0 0 0 0 0 0 43480 101382 144862 12590 12590 7224 43480 18828 -11604 -11604 145848 0 0 986 X 104902 104902 14809 14809 493 493 1528 1528 229 229 Fund Expenses 16572 16572 Subscriptions 778 778 Special Events 639 639 139950 104902 0 35048 41737 0 0 957 0 0 0 0 0 0 0 0 0 24309 0 1837523 0 0 0 0 1327279 0 3231805 0 2538 0 2538 0 X 1649638 0 1579629 0 3229267 0 3231805 0 X 5898 80068 -3315233 X 0 0 0 X X 9 Walker Senior Services Inc 411661531 10 0 0 0 Walker Senior Housing Corporation III 411633928 10 0 0 0 Walker Senior Housing Corporation IV 363508677 10 0 0 0 Walker Senior Housing Corporation IX 411712274 10 0 0 0 Walker Residence Inc 411443583 10 0 0 0 Walker Methodist 411916102 10 0 46945 0 Walker Methodist Health Center 410706131 10 0 0 0 Walker Assisted Living Corp I 411673628 10 0 0 0 Walker Communtiy Services Inc 411706874 10 0 0 0 9 46945 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 1 The purpose of the foundation is to serve as the vehicle for resource development of Walker Methodist, a Minnesota nonprofit corporation, and its affiliates, and to raise, manage, and disburse funds for the sole benefit of Walker Methodist and its affiliates. The affiliates are not specifically mentioned by name. Part I, Line 12g, Column IV: The supported organizations are not listed in the governing documents but there is a historic and continuing relationship between the supported and supporting organizations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Walk/Run 50704 43480 7224 310 18518 50704 43480 7224 310 18518 18828 -11604 1 Walker Methodist Inc 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411716102 501(c)(3) 28703 0 General Operations Walker Highview Hills LLC 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 262335163 501(c)(3) 7867 0 General Operations Walker Methodist Levande LLC 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 814867500 501(c)(3) 10375 0 General Operations 3 0 Part I, Line 2: The recipient organizations and Walker Methodist Foundation are related and under common control. Therefore, the transfer of monies are monitored through the internal financial reporting process. Cash 2024-06-30 11153 General Ledger 411451486 Knute Nelson Foundation 2209 Jefferson St Ste 201 Alexandria MN 56308 501(c)(3) Accounts Receivable 2024-06-30 3963 General Ledger 411451486 Knute Nelson Foundation 2209 Jefferson St Ste 201 Alexandria MN 56308 501(c)(3) Fixed Assets Net Depreciation 2024-06-30 24309 General Ledger 411451486 Knute Nelson Foundation 2209 Jefferson St Ste 201 Alexandria MN 56308 501(c)(3) Investments 2024-06-30 1939585 General Ledger 411451486 Knute Nelson Foundation 2209 Jefferson St Ste 201 Alexandria MN 56308 501(c)(3) Due from Related Parties 2024-06-30 1349507 General Ledger 411451486 Knute Nelson Foundation 2209 Jefferson St Ste 201 Alexandria MN 56308 501(c)(3) Accounts Payable 2024-06-30 13284 General Ledger 411451486 Knute Nelson Foundation 2209 Jefferson St Ste 201 Alexandria MN 56308 501(c)(3) 1 0 0 0 1 1 1 1 0 Form 990, Part I, Line 2a: Mark Anderson, Marnie Gugisberg, and Katie Perry will serve as officers on the transferee organization. Form 990, Part VI, Section A, line 1a The Executive Committee consists of the officers of the Foundation, the CEO of the Foundation, and the respective chairs of the Walker Methodist Board of Directors, the Foundation's board affairs, funds development, and investments committee. The Executive Committee may exercise all of the powers of the Board of Directors and shall report to the Board of Directors upon its actions and recommendations. It shall review and corrdinate the owrk of all other committees, guide strategic planning for the Foundation, review the performance, and recommend all terms of employment of its Executive Director. Form 990, Part VI, Section A, line 2 Mark Anderson, Marnie Gugisberg and Katie Perry are employees of Knute Nelson, a related organization, and therefore have a business relationship. Form 990, Part VI, Section A, line 6 The members of the board of directors of Walker Methodist (a/k/a "Walker Methodist of Minnesota or "WMI of Minnesota"), a nonprofit corporation, are the members of Walker Methodist Foundation. Form 990, Part VI, Section A, line 7a The board of directors, with the exception of the President/CEO and Walker Methodist board chair, shall be elected by the affirmative vote of a majority of the members at each annual meeting. Form 990, Part VI, Section A, line 7b The following actions, once approved by the board of directors of the organization, must be approved by the vote of a majority of the members: A) Amendment of the bylaws of the organization. B) Election or replacement of a member of the board of directors of the corporation. C) Purchase or sale of a facility owned by the organization. D) Creation or refinancing of any debt or other obligation of the corporation in excess of $1,000,000. E) Approval of annual operating and capital budgets for any facility owned by the organization with total projected revenues exceeding $500,000 in any given year. In addition to the above, the following actions must be approved by an affirmative vote of 75% of the members: A) Merger, dissolvement, or consolidation into or with any other qualified foreign or domestic nonprofit corporation, or sell, lease, exchange or otherwise dispose of all or substantially all of its property and assets. B) Removal of board of directors. C) Amendment to the articles of incorporation. Form 990, Part VI, Section B, line 11b The management of the organization reviewed the form 990 in detail, which was then forwarded to the board of directors for review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization does require members of the board of directors and senior management to complete a conflict of interest disclosure form annually. The organization's chief executive officer and board chair review and monitor the conflict of interest disclosures. if an individual has a conflict, the individual is not allowed to participate in discussions or vote on the issue. Form 990, Part VI, Section C, line 19 Upon request, Walker Methodist Foundation's governing documents, conflict of interest policy and financial statements may be reviewed at the organization's offices. Form 990, Part IX, line 11g Purchased Service: Program service expenses 0. Management and general expenses 0. Fundraising expenses 8,117. Total expenses 8,117. Professional Fees: Program service expenses 0. Management and general expenses 0. Fundraising expenses 6,692. Total expenses 6,692. Form 990, Part XI, line 9: Transfer to Knute Nelson Foundation -3,315,233. Knute Nelson Foundation 2209 Jefferson St Suite 201 Alexandria MN 56308 411451486 Supporting Organization MN 501(c)(3) Line 12a, I Knute Nelson 0 Vivie 2209 Jefferson St Suite 201 Alexandria MN 56308 932544465 Supporting Organization MN 501(c)(3) Line 12b, II N/A 0 Walker Methodist 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411916102 Housing & Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Senior Services Inc 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411661531 Management Services MN 501(c)(3) Line 12a, I Vivie 0 Walker Methodist Health Center Inc 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 410706131 Long-Term Care Services MN 501(c)(3) Line 10 Vivie 0 Walker Residence Inc 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411443583 Housing & Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Assisted Living Corporation I 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411673628 Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Senior Housing Corporation III 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411633928 Housing & Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Senior Housing Corporation IV 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 363508677 Housing & Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Senior Housing Corporation IX 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411712274 Housing & Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Community Services Inc 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411706874 Home Services MN 501(c)(3) Line 10 Vivie 0 Knute Nelson 2209 Jefferson St Suite 201 Alexandria MN 56308 411263433 Housing & Assisted Living for Seniors MN 501(c)(3) Line 10 Vivie 0 Walker Eldercare Services 11055 Wayzata Blvd Suite 200 Minnetonka MN 55305 411984385 Management Services MN N/A C 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1