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Nonprofiteer
← FINLANDIA FOUNDATION NATIONAL INC

Form 990 for tax year 2023

Filed by FINLANDIA FOUNDATION NATIONAL INC.

Totals

Total revenue
$1,969,839
Total expenses
$1,317,284
Contributions and grants received
$1,680,557
Grants paid
$401,000
Program service revenue
$21,791
Investment income
$244,044
Other revenue
$23,447
Total assets, end of year
$4,537,675
Total liabilities, end of year
$3,032
Net assets or fund balances, end of year
$4,534,643
Program services expenses (Part IX)
$1,046,893
Management and general expenses
$233,678
Fundraising expenses
$36,713
Program service expenses (Part III)
$1,046,893

Program services were 79.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,680,557

  • 1g · Noncash contributions included above

    $72,642

  • 2a · Program service revenue: PRESENTATIONS

    total $21,791 · related or exempt $21,791

  • 3 · Investment income

    total $155,049 · excluded $155,049

  • 7a · Gross sales of assets other than inventory

    securities $450,639

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

    securities $361,644

  • 7c · Gain or loss

    securities $88,995

  • 7d · Net gain or loss

    total $88,995 · related or exempt $88,995

  • 10a · Gross sales of inventory

    $82,277

  • 10b · Cost of goods sold

    $58,830

  • 10c · Net income from sales of inventory

    total $23,447 · related or exempt $23,447

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,200 · program services $72,200

  • 2 · Grants to domestic individuals

    total $96,700 · program services $96,700

  • 3 · Grants to foreign organizations and individuals

    total $232,100 · program services $232,100

  • 7 · Other salaries and wages

    total $394,584 · program services $280,147 · management and general $106,263 · fundraising $8,174

  • 11b · Fees: legal

    total $136,855 · program services $133,160 · management and general $3,695

  • 11c · Fees: accounting

    total $10,245 · management and general $10,245

  • 11f · Fees: investment management

    total $28,044 · management and general $28,044

  • 11g · Fees: other

    total $21,900 · program services $21,900

  • 12 · Advertising and promotion

    total $13,301 · program services $6,213 · management and general $4,426 · fundraising $2,662

  • 13 · Office expenses

    total $34,075 · program services $22,193 · management and general $10,812 · fundraising $1,070

  • 14 · Information technology

    total $7,442 · program services $2,680 · management and general $4,167 · fundraising $595

  • 16 · Occupancy

    total $28,054 · program services $11,254 · management and general $15,600 · fundraising $1,200

  • 17 · Travel

    total $13,067 · management and general $10,148 · fundraising $2,919

  • 19 · Conferences, conventions and meetings

    total $28,537 · program services $8,561 · management and general $18,549 · fundraising $1,427

  • 23 · Insurance

    total $6,788 · program services $3,726 · management and general $3,062

  • 24a · Other expenses: NEWSLETTER AND WEBSITE

    total $121,049 · program services $83,716 · management and general $18,667 · fundraising $18,666

  • 24b · Other expenses: FINNFEST SFIA

    total $38,138 · program services $38,138

  • 24c · Other expenses: SUANA WEEK YLB MUSIC

    total $20,098 · program services $20,098

  • 24d · Other expenses: POY & LOY

    total $14,107 · program services $14,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,368 · end of year $436,811

  • 2 · Savings and temporary cash investments

    beginning of year $185,712 · end of year $127,722

  • 10a · Land, buildings and equipment: cost or other basis

    $24,120

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,120

  • 11 · Investments: publicly traded securities

    beginning of year $3,267,658 · end of year $3,168,142

  • 15 · Other assets

    end of year $805,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $975 · end of year $3,032

  • 27 · Net assets without donor restrictions

    beginning of year $814,147 · end of year $561,600

  • 28 · Net assets with donor restrictions

    beginning of year $2,907,616 · end of year $3,973,043

Mission and programs · 2023

Mission

SUPPORT, PRESERVE AND CULTIVATE FINNISH CULTURE IN THE UNITED STATES.

  • SAVING FINLAND IN AMERICA- ASSUMED THE RESPONSIBILTY OF THE FINNISH AMERICAN HERITAGE CENTER, FINLANDIA ART GALLERY, PRICE OF FREEDON MUSEUM, FINNISH AMERICAN FOLK SCHOOL, THE FINNISH AMERICAN REPORTER AND NORTH WIND BOOKS.

    Expenses $415,662 · Revenue $104,068

  • DONATE TO OTHER ORGANIZATIONS PROMOTING FINNISH CULTURAL AND EDUCATIONAL ACTIVITIES (20 ORGANIZATIONS SERVED)

    Expenses $291,178 · Grants $278,800

  • TO AWARD SCHOLARSHIPS AND GRANTS TO FINNISH-AMERICANS (36 INDIVIDUALS SERVED)

    Expenses $137,684 · Grants $122,200

  • ACTIVITIES ARE COORDINATED THROUGH PRINTING AND DISTRIBUTION OF A NEWSLETTER, MAINTAINING A WEBSITE, AND OTHER INFORMATIONAL MEDIA THROUGH VARIOUS BOARD ACTIVITIES.

    Expenses $126,919

  • SUPPORT FINNFEST

    Expenses $26,654

  • A PERFORMER AND A LECTURER ARE SELECTED TO PROMOTE THE FINNISH ARTS AND CULTURE; TRAVEL AND RELATED EXPENSES ARE PAID BY THE FOUNDATION

    Expenses $17,214

  • SAVING FINLAND IN AMERICA

    Expenses $11,484

  • SUPPORT SAUNA WEEK, YOUNG LEADERS BOARD AND SPECIAL EVENTS

    Expenses $9,933

  • SUPPORT VIRTUAL SYMPOSIUMS AT THE FFN YOUTUBE CHANNEL, INCLUDING WEBINARS, CONCERTS, COOKING DEMONSTRATIONS, INTERVIEWS, MUSICAL PERFORMANCES, ETC. (100S OF INDIVIDUALS SERVED)

    Expenses $5,925

  • SOIVA MUSIC CAMP AND CONCORDIA LANGUAGE VILLAGE TO PROMOTE FINNISH CULTURE

    Expenses $4,240

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teuvo Pulkkinen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hanna Wagner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Nurvala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eeva Syvanen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Betsey Norgard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ellen Harju

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tarja Silverman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Ahola

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline Harjula

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jarno Vanto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Hilary Virtanen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michel Wendell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Makila

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katariina Lehtonen-Harrskog

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jon Jurva

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dirk Schulbach

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Paul O Halme

    EXEC VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paivi Tetri

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Anne-Mari Paster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Thomas Flanagan

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202412689349301301

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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