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Nonprofiteer
← FINLANDIA FOUNDATION NATIONAL INC

Form 990 for tax year 2022

Filed by FINLANDIA FOUNDATION NATIONAL INC.

Totals

Total revenue
$554,829
Total expenses
$688,483
Contributions and grants received
$430,200
Grants paid
$274,100
Program service revenue
$0
Investment income
$124,629
Other revenue
$0
Total assets, end of year
$3,722,738
Total liabilities, end of year
$975
Net assets or fund balances, end of year
$3,721,763
Program services expenses (Part IX)
$463,194
Management and general expenses
$183,678
Fundraising expenses
$41,611
Program service expenses (Part III)
$463,194

Program services were 67.3% 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.

  • 1b · Membership dues

    $3,512

  • 1f · All other contributions, gifts and grants

    $426,688

  • 3 · Investment income

    total $113,655 · excluded $113,655

  • 7a · Gross sales of assets other than inventory

    securities $566,948

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

    securities $555,974

  • 7c · Gain or loss

    securities $10,974

  • 7d · Net gain or loss

    total $10,974 · excluded $10,974

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $162,700 · program services $162,700

  • 2 · Grants to domestic individuals

    total $87,500 · program services $87,500

  • 3 · Grants to foreign organizations and individuals

    total $23,900 · program services $23,900

  • 7 · Other salaries and wages

    total $74,354 · program services $22,306 · management and general $48,330 · fundraising $3,718

  • 11b · Fees: legal

    total $5,445 · management and general $5,445

  • 11c · Fees: accounting

    total $8,876 · management and general $8,876

  • 11f · Fees: investment management

    total $28,131 · management and general $28,131

  • 12 · Advertising and promotion

    total $17,857 · program services $12,500 · fundraising $5,357

  • 13 · Office expenses

    total $14,723 · program services $2,074 · management and general $11,535 · fundraising $1,114

  • 14 · Information technology

    total $5,743 · program services $1,149 · management and general $4,020 · fundraising $574

  • 16 · Occupancy

    total $24,000 · program services $7,200 · management and general $15,600 · fundraising $1,200

  • 17 · Travel

    total $12,851 · management and general $4,678 · fundraising $8,173

  • 19 · Conferences, conventions and meetings

    total $54,964 · program services $16,489 · management and general $35,727 · fundraising $2,748

  • 21 · Payments to affiliates

    total $652 · program services $196 · management and general $424 · fundraising $32

  • 23 · Insurance

    total $2,217 · management and general $2,217

  • 24a · Other expenses: NEWSLETTER AND WEBSITE

    total $96,530 · program services $59,140 · management and general $18,695 · fundraising $18,695

  • 24b · Other expenses: FINNPOSIUM AMER DREAM CAM

    total $25,152 · program services $25,152

  • 24c · Other expenses: SUANA WEEK YLB RECOGNITION

    total $27,120 · program services $27,120

  • 24d · Other expenses: POY & LOY

    total $15,768 · program services $15,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,095,061 · end of year $269,368

  • 2 · Savings and temporary cash investments

    beginning of year $125,558 · end of year $185,712

  • 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 $3,187,413 · end of year $3,267,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $977 · end of year $975

  • 27 · Net assets without donor restrictions

    beginning of year $1,115,647 · end of year $814,147

  • 28 · Net assets with donor restrictions

    beginning of year $3,291,408 · end of year $2,907,616

Mission and programs · 2022

Mission

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

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

    Expenses $180,310 · Grants $171,000

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

    Expenses $118,660 · Grants $103,100

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

    Expenses $89,934

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

    Expenses $25,152

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

    Expenses $22,018 · Grants $15,768

  • SUPPORT SAUNA WEEK, YOUNG LEADERS BOARD AND SPECIAL EVENTS

    Expenses $20,242

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

    Expenses $6,878

  • SUPPORT A PANEL OF INTERNATIONAL AND AMERICAN SPECKERS ON FOREIGN POLICY AND CURRENT WORLD AFFAIRS - CHANGING THE GAME

  • SIBELIUS INSPIRATION

As filed on the 2022 return.

Listed in Part VII

  • Eeva Syvanen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Teuvo Pulkkinen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Nurvala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tarja Silverman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hilary-Joy Virtanen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hanna Wagner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ellen Harju

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Betsey Norgard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jarno Vanto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Ahola

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline Harjula

    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

  • Dirk Schulbach

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Paul O Halme

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Anne-Mari Paster

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Paivi Tetri

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 September 2023
IRS schema version
2022v5.0
Source object
202322709349301562

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