Skip to content
Nonprofiteer
← DANISH HOME FOUNDATION

Form 990 for tax year 2023

Filed by DANISH HOME FOUNDATION.

Totals

Total revenue
$2,061,230
Total expenses
$1,188,124
Contributions and grants received
$1,681,437
Grants paid
$775,000
Program service revenue
$0
Investment income
$329,996
Other revenue
$49,797
Total assets, end of year
$8,580,110
Total liabilities, end of year
$2,226,447
Net assets or fund balances, end of year
$6,353,663
Program services expenses (Part IX)
$925,000
Management and general expenses
$239,449
Fundraising expenses
$23,675
Program service expenses (Part III)
$925,000

Program services were 77.9% 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

    $1,681,437

  • 3 · Investment income

    total $268,858 · excluded $268,858

  • 6a · Gross rents

    real property $49,797

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $49,797

  • 6d · Net rental income or loss

    total $49,797 · excluded $49,797

  • 7a · Gross sales of assets other than inventory

    securities $1,624,262

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

    securities $1,563,124

  • 7c · Gain or loss

    securities $61,138

  • 7d · Net gain or loss

    total $61,138 · excluded $61,138

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $775,000 · program services $775,000

  • 11a · Fees: management

    total $300,000 · program services $150,000 · management and general $150,000

  • 11c · Fees: accounting

    total $27,677 · management and general $27,677

  • 12 · Advertising and promotion

    total $57,193 · management and general $57,193

  • 24a · Other expenses: CAPITAL CAMPAIGN

    total $23,675 · fundraising $23,675

  • 24b · Other expenses: OTHER EXPENSES

    total $4,579 · management and general $4,579

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,065,748 · end of year $570,298

  • 4 · Accounts receivable

    beginning of year $142,896 · end of year $72,276

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

    $2,498,000

  • 10c · Land, buildings and equipment, net

    beginning of year $1,408,000 · end of year $2,498,000

  • 11 · Investments: publicly traded securities

    beginning of year $6,316,618 · end of year $5,434,831

  • 15 · Other assets

    beginning of year $1,723,515 · end of year $4,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,125 · end of year $702,255

  • 19 · Deferred revenue

    beginning of year $19,583 · end of year $24,192

  • 22 · Loans and payables to officers and key people

    beginning of year $1,500,000 · end of year $1,500,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,156,623 · end of year -$271,565

  • 28 · Net assets with donor restrictions

    beginning of year $4,963,446 · end of year $6,625,228

Mission and programs · 2023

Mission

THE DANISH HOME FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO HONORING AND SUPPORTING COMMUNITIES CENTERED IN DANISH AND SCANDINAVIAN CUSTOMS.

  • TO CONDUCT FUNDRAISING EFFORTS AND DISTRIBUTE FUNDS TO SUPPORT THE MINISTRIES AND OPERATIONS OF THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME MAINTAINS AND OPERATES, ON A CHARITABLE BASIS, A SENIOR LIVING COMMUNITY. ACCOMODATIONS, DINING, MEDICAL TREATMENT, NURSING, AND OTHER SENIOR SERVICES ARE PROVIDED.

    Expenses $925,000 · Grants $775,000

As filed on the 2023 return.

Listed in Part VII

  • Mikael Olesen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dawn Jensen

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Paul Pedersen

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Kim Eriksen

    CHAIR

    Total calculated
    $0
    Hours/week
    7 + 7 related

  • Scott Swanson

    PRESIDENT/CEO

    Total calculated
    $249,088
    From this org
    $0
    From related orgs
    $249,088
    Other
    $0
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,683 related
    Bonus
    $0 + $64,405 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $249,088 related

  • Fred Saviano

    CHIEF FINANCIAL OFFICER (UNTIL MARCH 2024)

    Total calculated
    $141,928
    From this org
    $0
    From related orgs
    $139,286
    Other
    $2,642
    Hours/week
    40 + 20 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE PRESIDENT/CEO, SCOTT SWANSON, PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN SPONSORED BY A RELATED PARTY, THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. NO CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE FISCAL YEAR HOWEVER THE PLAN WAS TERMINATED RESULTING IN THE PAYOUT OF $62,938 DURING THE YEAR ENDED SEPTEMBER 30, 2024.

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

  • THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME

    $775,000

    TO CONDUCT FUNDRAISING EFFORTS AND DISTRIBUTE FUNDS TO SUPPORT THE MINISTRIES AND OPERATIONS OF THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME. THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME MAINTAINS AND OPERATES, ON A CHARITABLE BASIS, A SENIOR LIVING COMMUNITY. ACCOMODATIONS, DINING, MEDICAL TREATMENT, NURSING, AND OTHER SENIOR SERVICES ARE PROVIDED.

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
2023
Filed
24 July 2025
IRS schema version
2023v6.0
Source object
202542069349300834

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

The source document this was parsed from is served over the API, which is where bulk and document access live.