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Nonprofiteer
← SONS OF NORWAY

Form 990 for tax year 2024

Filed by SONS OF NORWAY.

Totals

Total revenue
$27,538,133
Total expenses
$30,800,596
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,193,446
Investment income
$7,371,954
Other revenue
-$27,267
Total assets, end of year
$203,957,402
Total liabilities, end of year
$195,527,679
Net assets or fund balances, end of year
$8,429,723
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$30,800,594

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Premium income

    total $18,356,159 · related or exempt $18,356,159 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Membership dues

    total $1,154,016 · related or exempt $1,154,016 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Amortization of Interest Maintenance Reserve

    total -$26,307 · related or exempt -$26,307 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Commission on reinsurance ceded

    total $637,215 · related or exempt $637,215 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $72,363 · related or exempt $24,420 · unrelated business $47,943 · excluded $0

  • 3 · Investment income

    total $7,529,783 · related or exempt $7,529,783 · 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 $0 · related or exempt $0 · 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 $15,080,365 · other assets $0

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

    securities $15,238,194 · other assets $0

  • 7c · Gain or loss

    securities -$157,829 · other assets $0

  • 7d · Net gain or loss

    total -$157,829 · related or exempt -$157,829 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10a · Gross sales of inventory

    $43,063

  • 10b · Cost of goods sold

    $33,632

  • 10c · Net income from sales of inventory

    total $9,431 · related or exempt $0 · unrelated business $9,431 · excluded $0

  • 11a · Other revenue: Writedown carrying value of investments

    total -$55,446 · related or exempt -$55,446 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $18,748 · related or exempt $18,748 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$36,698

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 $23,279,145

  • 5 · Compensation of officers, directors and key employees

    total $2,313,858

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $579,433

  • 8 · Pension plan contributions

    total $47,105

  • 9 · Other employee benefits

    total $92,198

  • 10 · Payroll taxes

    total $238,644

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $34,837

  • 11c · Fees: accounting

    total $122,850

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $175,107

  • 11g · Fees: other

    total $352,600

  • 12 · Advertising and promotion

    total $267

  • 13 · Office expenses

    total $368,522

  • 14 · Information technology

    total $516,970

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $609,072

  • 17 · Travel

    total $27,660

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,579

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $135,572

  • 23 · Insurance

    total $121,184

  • 24a · Other expenses: Commissions

    total $1,026,952

  • 24b · Other expenses: Examination fees and inspection reports

    total $42,994

  • 24c · Other expenses: fraternal promotion

    total $390,411

  • 24d · Other expenses: official publication

    total $257,445

  • 24e · All other expenses

    total $65,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,904,993 · end of year $1,039,138

  • 2 · Savings and temporary cash investments

    beginning of year $165,276 · end of year $546,738

  • 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 $16,338,341 · end of year $16,219,624

  • 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 $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $186,939,430 · end of year $177,505,296

  • 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 $9,833,861 · end of year $8,646,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $923,042 · end of year $1,092,549

  • 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 $203,980,422 · end of year $194,435,130

  • 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 $11,278,437 · end of year $8,429,723

Mission and programs · 2024

Mission

The mission of Sons of Norway is to provide quality insurance and financial products to our members, promote and preserve the heritage and culture of Norway, and celebrate our relationship with other Nordic countries.

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 $28,888,000 · Revenue $26,307,996

  • Fraternal activities and benefits

    Expenses $1,912,594 · Revenue $1,234,477

As filed on the 2024 return.

Listed in Part VII

  • Dan Seyfried

    President and CEO

    Total calculated
    $293,964
    From this org
    $271,461
    From related orgs
    $0
    Other
    $22,503
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $271,461
    Bonus
    $0
    Other
    $0
    Deferred
    $11,096
    Nontaxable benefits
    $11,407
    Filer's total
    $293,964

  • Constance O'Brien

    Director Mktg and Comm

    Total calculated
    $177,944
    From this org
    $171,117
    From related orgs
    $0
    Other
    $6,827
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $171,117
    Bonus
    $0
    Other
    $0
    Deferred
    $6,827
    Nontaxable benefits
    $0
    Filer's total
    $177,944

  • Chris Pinkerton

    President and CEO

    Total calculated
    $171,474
    From this org
    $147,304
    From related orgs
    $0
    Other
    $24,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,304
    Bonus
    $0
    Other
    $0
    Deferred
    $6,177
    Nontaxable benefits
    $17,993
    Filer's total
    $171,474

  • Tu Hornstra

    Chief Underwriter and Compliance Officer

    Total calculated
    $159,091
    From this org
    $140,658
    From related orgs
    $0
    Other
    $18,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,658
    Bonus
    $0
    Other
    $0
    Deferred
    $5,237
    Nontaxable benefits
    $13,196
    Filer's total
    $159,091

  • Lizabeth Halva

    Dir of Admin, HR and Ins Oper

    Total calculated
    $154,676
    From this org
    $123,339
    From related orgs
    $0
    Other
    $31,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,339
    Bonus
    $0
    Other
    $0
    Deferred
    $5,447
    Nontaxable benefits
    $25,890
    Filer's total
    $154,676

  • Karen Patwell

    Accounting Manager

    Total calculated
    $123,721
    From this org
    $91,506
    From related orgs
    $0
    Other
    $32,215
    Hours/week
    40

  • Christian Laland

    Operations Director

    Total calculated
    $116,053
    From this org
    $94,533
    From related orgs
    $0
    Other
    $21,520
    Hours/week
    40

  • Michelle Swanson

    Accounting Manager

    Total calculated
    $115,002
    From this org
    $100,019
    From related orgs
    $0
    Other
    $14,983
    Hours/week
    40

  • Zach Kindt

    Life Ins and Annuity Prod Mgr

    Total calculated
    $113,545
    From this org
    $113,545
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Erica Oberg

    CFO

    Total calculated
    $112,604
    From this org
    $97,206
    From related orgs
    $0
    Other
    $15,398
    Hours/week
    40

  • Ron Stubbings

    President

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • Robin Fossum

    Secretary

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mary Andersen

    Treasurer

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dean Stiller

    Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Chris Hicks

    Director

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dennis Rusinko

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Luella Grangaard

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Per Mikalsen

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Duane Kittleson

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Erik Brochmann

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Claudia Berg

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kathy Dollymore

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mark Agerter

    Vice President

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 4
Erica Oberg received severance pay of $18,444.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.0
Source object
202522939349301117

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