Totals
- Total revenue
- $25,258,094
- Total expenses
- $29,537,206
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $19,520,925
- Investment income
- $7,399,815
- Other revenue
- -$1,662,646
- Total assets, end of year
- $216,181,901
- Total liabilities, end of year
- $204,903,464
- Net assets or fund balances, end of year
- $11,278,437
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,537,206
Program services were 0.0% 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.
-
2a · Program service revenue: Premium income
total $17,463,134 · related or exempt $17,463,134 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Membership dues
total $945,369 · related or exempt $945,369 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Amortization of Interest Maintenance Reserve
total $321,208 · related or exempt $321,208 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Commission on reinsurance ceded
total $601,121 · related or exempt $601,121 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $190,093 · related or exempt $159,380 · unrelated business $30,713 · excluded $0
-
3 · Investment income
total $7,853,741 · related or exempt $7,853,741 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $21,933 · related or exempt $21,933 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $19,586,347 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $20,040,273 · other assets $0
-
7c · Gain or loss
securities -$453,926 · other assets $0
-
7d · Net gain or loss
total -$453,926 · related or exempt -$453,926 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$42,469
-
10b · Cost of goods sold
$42,615
-
10c · Net income from sales of inventory
total -$146 · related or exempt $0 · unrelated business -$146 · excluded $0
-
11a · Other revenue: Writedown carrying value of investments
total -$1,684,433 · related or exempt -$1,684,433 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
-$1,684,433
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $21,725,350
-
5 · Compensation of officers, directors and key employees
total $2,364,557
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $688,044
-
8 · Pension plan contributions
total $35,862
-
9 · Other employee benefits
total $104,741
-
10 · Payroll taxes
total $245,833
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $40,037
-
11c · Fees: accounting
total $84,373
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $191,962
-
11g · Fees: other
total $320,367
-
12 · Advertising and promotion
total $225
-
13 · Office expenses
total $371,030
-
14 · Information technology
total $501,967
-
15 · Royalties
total $0
-
16 · Occupancy
total $607,702
-
17 · Travel
total $28,435
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,307
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $106,558
-
23 · Insurance
total $82,609
-
24a · Other expenses: Commissions
total $2,110,059
-
24b · Other expenses: Examination fees and inspection reports
total $73,421
-
24c · Other expenses: fraternal promotion
total $336,119
-
24d · Other expenses: official publication
total $275,375
-
24e · All other expenses
total -$759,727
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,318,695 · end of year $2,904,993
-
2 · Savings and temporary cash investments
beginning of year $244,538 · end of year $165,276
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $16,889,408 · end of year $16,338,341
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $22,733 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $207,261,829 · end of year $186,939,430
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $7,525,105 · end of year $9,833,861
-
17 · Accounts payable and accrued expenses
beginning of year $8,493,680 · end of year $923,042
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $211,285,434 · end of year $203,980,422
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $13,483,194 · end of year $11,278,437
Mission and programs · 2023
Mission
The mission of Sons of Norway is to promote and to preserve the heritage and culture of Norway, to celebrate our relationship with other Nordic countries, and to provide quality insurance and financial products to our members.
Activities or mission (Part I)
Sons of Norway operates through its lodge system to promote, preserve, and cherish a lasting appreciation and understanding of the heritage, language, history, and culture of (Continued on Schedule O)
-
Life, annuity, and health insurance products for members
Expenses $28,614,338 · Revenue $24,282,158
-
Fraternal activities and benefits
Expenses $922,868 · Revenue $975,936
As filed on the 2023 return.
Listed in Part VII
-
Chris Pinkerton
Dir of Sales
- Total calculated
- $265,144
- From this org
- $219,514
- From related orgs
- $0
- Other
- $45,630
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $219,514
- Bonus
- $0
- Other
- $0
- Deferred
- $11,733
- Nontaxable benefits
- $0
- Filer's total
- $231,247
-
Dan Seyfried
IT Director
- Total calculated
- $252,405
- From this org
- $229,085
- From related orgs
- $0
- Other
- $23,320
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $229,085
- Bonus
- $0
- Other
- $0
- Deferred
- $11,285
- Nontaxable benefits
- $12,035
- Filer's total
- $252,405
-
Erica Oberg
Chief Financial Officer
- Total calculated
- $179,820
- From this org
- $145,513
- From related orgs
- $0
- Other
- $34,307
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $145,513
- Bonus
- $0
- Other
- $0
- Deferred
- $7,572
- Nontaxable benefits
- $26,735
- Filer's total
- $179,820
-
Connie O'Brien
Director Mktg and Comm
- Total calculated
- $174,675
- From this org
- $166,375
- From related orgs
- $0
- Other
- $8,300
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $166,375
- Bonus
- $0
- Other
- $0
- Deferred
- $8,300
- Nontaxable benefits
- $0
- Filer's total
- $174,675
-
Lizabeth Halva
Dir of Admin, HR and Ins Oper
- Total calculated
- $155,701
- From this org
- $121,583
- From related orgs
- $0
- Other
- $34,118
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $121,583
- Bonus
- $0
- Other
- $0
- Deferred
- $6,622
- Nontaxable benefits
- $27,496
- Filer's total
- $155,701
-
Zach Kindt
Life Ins and Annuity Prod Mgr
- Total calculated
- $124,397
- From this org
- $120,792
- From related orgs
- $0
- Other
- $3,605
- Hours/week
- 40 + 40 related
-
Michelle Swanson
Accounting Manager
- Total calculated
- $118,053
- From this org
- $99,475
- From related orgs
- $0
- Other
- $18,578
- Hours/week
- 40 + 40 related
-
Karen Patwell
Accounting Manager
- Total calculated
- $116,545
- From this org
- $81,994
- From related orgs
- $0
- Other
- $34,551
- Hours/week
- 40 + 40 related
-
Christian Laland
Operations Director
- Total calculated
- $109,410
- From this org
- $83,576
- From related orgs
- $0
- Other
- $25,834
- Hours/week
- 40 + 40 related
-
Ron Stubbings
President
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 10 related
-
Robin Fossum
Secretary
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 10 related
-
Mary Andersen
Treasurer
- Total calculated
- $3,500
- From this org
- $3,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 10 related
-
Mark Agerter
Vice President
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10 + 10 related
-
Chris Hicks
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Dennis Rusinko
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Luella Grangaard
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Per Mikalsen
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Duane Kittleson
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Erik Brochmann
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Dean Stiller
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Claudia Berg
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Kathy Dollymore
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a
- It is considered that the presence of a spouse at Sons of Norway event enhances and creates goodwill for the society. the board of directors has established specific guidelines for such travel.
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
No itemized grants to organizations 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.
-
501(c)3 · Charitable Foundation · MN · controlled entity
Directly controlled by Not Applicable
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443199349312149
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