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Nonprofiteer
← VESTERHEIM NORWEGIAN AMERICAN MUSEUM

Form 990 for tax year 2023

Filed by VESTERHEIM NORWEGIAN AMERICAN MUSEUM.

Totals

Total revenue
$5,032,867
Total expenses
$3,841,101
Contributions and grants received
$3,027,204
Grants paid
$0
Program service revenue
$998,125
Investment income
$760,512
Other revenue
$247,026
Total assets, end of year
$31,026,303
Total liabilities, end of year
$5,788,112
Net assets or fund balances, end of year
$25,238,191
Program services expenses (Part IX)
$1,726,267
Management and general expenses
$1,371,822
Fundraising expenses
$743,012
Program service expenses (Part III)
$1,726,267

Program services were 44.9% 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

    $3,027,204

  • 1g · Noncash contributions included above

    $50,000

  • 2a · Program service revenue: TUITION AND TOUR FEES

    total $668,727 · related or exempt $668,727

  • 2b · Program service revenue: ADMISSION, MEMBERSHIP & PUBLICATI

    total $329,398 · related or exempt $329,398

  • 3 · Investment income

    total $305,769 · excluded $305,769

  • 6a · Gross rents

    real property $13,110

  • 6b · Less rental expenses

    real property $20,400

  • 6c · Rental income or loss

    real property -$7,290

  • 6d · Net rental income or loss

    total -$7,290 · excluded -$7,290

  • 7a · Gross sales of assets other than inventory

    securities $3,992,651

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

    securities $3,537,908

  • 7c · Gain or loss

    securities $454,743

  • 7d · Net gain or loss

    total $454,743 · excluded $454,743

  • 8a · Fundraising events: gross income

    $657

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $657 · excluded $657

  • 10a · Gross sales of inventory

    $561,438

  • 10b · Cost of goods sold

    $309,819

  • 10c · Net income from sales of inventory

    total $251,619 · related or exempt $251,619

  • 11a · Other revenue: MISC. REVENUE

    total $2,040 · excluded $2,040

  • 11e · Other revenue, total

    $2,040

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $202,040 · program services $98,019 · management and general $48,009 · fundraising $56,012

  • 7 · Other salaries and wages

    total $1,411,986 · program services $469,803 · management and general $664,241 · fundraising $277,942

  • 8 · Pension plan contributions

    total $34,035 · program services $10,695 · management and general $16,973 · fundraising $6,367

  • 9 · Other employee benefits

    total $98,056 · program services $33,954 · management and general $44,100 · fundraising $20,002

  • 10 · Payroll taxes

    total $111,303 · program services $39,041 · management and general $49,294 · fundraising $22,968

  • 11c · Fees: accounting

    total $30,210 · management and general $30,210

  • 11f · Fees: investment management

    total $52,773 · management and general $52,773

  • 11g · Fees: other

    total $231,858 · program services $15,756 · management and general $81,981 · fundraising $134,121

  • 12 · Advertising and promotion

    total $43,310 · program services $23,944 · management and general $19,101 · fundraising $265

  • 13 · Office expenses

    total $286,029 · program services $51,286 · management and general $111,027 · fundraising $123,716

  • 16 · Occupancy

    total $239,660 · program services $108,184 · management and general $106,720 · fundraising $24,756

  • 17 · Travel

    total $3,302 · program services $1,113 · fundraising $2,189

  • 22 · Depreciation, depletion and amortization

    total $306,987 · program services $229,526 · management and general $76,509 · fundraising $952

  • 23 · Insurance

    total $78,758 · program services $51,981 · management and general $26,777

  • 24a · Other expenses: EVENTS AND TOURS EXPENS

    total $390,631 · program services $367,411 · management and general $58 · fundraising $23,162

  • 24b · Other expenses: CLASSES EXPENSE

    total $183,428 · program services $183,428 · management and general $0 · fundraising $0

  • 24c · Other expenses: POSTAGE AND FREIGHT

    total $63,261 · program services $17,579 · management and general $20,222 · fundraising $25,460

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $40,030 · program services $4,051 · management and general $10,879 · fundraising $25,100

  • 24e · All other expenses

    total $33,444 · program services $20,496 · management and general $12,948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,100

  • 2 · Savings and temporary cash investments

    beginning of year $756,362 · end of year $1,655,341

  • 3 · Pledges and grants receivable

    beginning of year $2,670,378 · end of year $2,139,346

  • 4 · Accounts receivable

    beginning of year $26,902 · end of year $20,606

  • 8 · Inventories for sale or use

    beginning of year $144,413 · end of year $124,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,859 · end of year $31,272

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

    $18,838,885

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

    $4,390,277

  • 10c · Land, buildings and equipment, net

    beginning of year $9,975,148 · end of year $14,448,608

  • 11 · Investments: publicly traded securities

    beginning of year $12,511,849 · end of year $12,372,984

  • 15 · Other assets

    beginning of year $150,786 · end of year $232,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,277,149 · end of year $603,637

  • 19 · Deferred revenue

    beginning of year $200,410 · end of year $157,638

  • 23 · Secured mortgages and notes payable

    beginning of year $1,807,079 · end of year $5,001,010

  • 25 · Other liabilities

    beginning of year $0 · end of year $25,827

  • 27 · Net assets without donor restrictions

    beginning of year $11,235,712 · end of year $13,126,644

  • 28 · Net assets with donor restrictions

    beginning of year $11,765,347 · end of year $12,111,547

Mission and programs · 2023

Mission

BUILDING COMMUNITY AND CREATING EXPERIENCES INSPIRED BY NORWEGIAN-AMERICAN STORIES AND FOLK ART.THE MUSEUM IS A NATIONAL TREASURE THAT EXPLORES THE DIVERSITY OF AMERICAN IMMIGRATION THROUGH THE LENS OF NORWEGIAN-AMERICAN EXPERIENCE, SHOWCASES THE BEST IN HISTORIC AND CONTEMPORARY NORWEGIAN FOLK AND FINE ARTS, AND PRESERVES LIVING TRADITIONS THROUGH CLASSES IN NORWEGIAN CULTURE AND FOLK ART, INCLUDING ROSEMALING (DECORATIVE PAINTING), WOODWORKING, KNIFEMAKING, TRADITIONAL FOOD WAYS, AND TEXTILE ARTS.

Activities or mission (Part I)

BUILDING COMMUNITY AND CREATING EXPERIENCES INSPIRED BY NORWEGIAN-AMERICAN STORIES AND FOLK ART. THE MUSEUM IS A NATIONAL TREASURE THAT EXPLORES THE DIVERSITY OF AMERICAN IMMIGRATION THROUGH THE LENS OF NORWEGIAN-AMERICAN EXPERIENCE, SHOWCASES THE BEST IN HISTORIC AND CONTEMPORARY NORWEGIAN FOLK AND FINE ARTS, AND PRESERVES LIVING TRADITIONS THROUGH CLASSES IN NORWEGIAN CULTURE AND FOLK ART, INCLUDING ROSEMALING (DECORATIVE PAINTING), WOODWORKING, KNIFEMAKING, METALWORKING, TRADITIONAL FOOD WAYS, AND TEXTILE ARTS.

  • EDUCATION - THE MUSEUM OFFERS EDUCATION CLASSES ON VARIOUS NORWEGIAN FOLK ART TRADITIONS AS WELL AS OFFER EDUCATIONAL GUIDED TOURS OF NORWAY TO THEIR MEMBERS AND THE GENERAL PUBLIC. ONLINE PROGRAMS, INCLUDING CLASSES AND COLLECTION TALKS, BEGAN IN 2020 AS A RESULT OF THE PANDEMIC.

    Expenses $950,483 · Revenue $998,125

  • COLLECTION CARE- THE MUSEUM HOUSES A COLLECTION OF OVER 33,000 ARTIFACTS, A COMPLEX OF 16 BUILDINGS, AND A FARMSTEAD. MUSEUM STAFF PROVIDE CARE AND UPKEEP AS WELL AS THE AQUISITION OF 606 NEW ARTIFACTS.

    Expenses $478,908

  • MUSEUM STORE - THE MUSEUM HAS VARIOUS NORWEGIAN-RELATED BOOKS, CRAFTS, AND OTHER ITEMS FOR RESALE TO THEIR MEMBERS AND THE GENERAL PUBLIC.

    Expenses $296,876 · Revenue $251,619

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

Listed in Part VII

  • Schultz Ruth

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rude Brian

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Platou Liz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alsaker Dan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Birkland Carol

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Boman Greg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dahl Jansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Erdman Lindsay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Espinosa Kari

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fretheim Daniel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hanson Louise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hovden Charis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Johnson Maren

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kemp Jane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kvenvold Gayle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larson Brian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mies Kirk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Miller Heather

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nielson Martha Gesme

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nichols Bj

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nordan Kenneth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Reitan Rachel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rugland Walter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sorenson Ruth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Trygstad Craig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Johnson Chris

    PRESIDENT

    Total calculated
    $136,257
    From this org
    $129,769
    From related orgs
    $0
    Other
    $6,488
    Hours/week
    40

  • Dube Sithabile Started Mid-Dec

    CFO/TREASURER

    Total calculated
    $4,423
    From this org
    $4,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gebel Linda Left Mid-Year

    CFO/TREASURER

    Total calculated
    $59,360
    From this org
    $53,443
    From related orgs
    $0
    Other
    $5,917
    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
24 September 2024
IRS schema version
2023v5.1
Source object
202442719349301319

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