Civic Intelligence

Norwegian American Chamber Of

EIN 05-0536672 • 501(c)6 • Washington, DC

Profile

To promote trade and goodwill and to foster business, financial, and professional interests between norway and the united states. Additionally, serves to advance the common purpose of its members and facilitate contact among its members.

3000 K St NW Suite 235Washington, DC 20007

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.29x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.31x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

17th percentile

-30%

Higher net margin than 17% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

34th percentile

-12%

Faster asset growth than 34% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-20%

Faster revenue growth than 25% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$122,048

Down $17,038 (-12%) from 2023

Liabilities

Up

$34,955

Up $16,924 (+94%) from 2023

Net Assets

Down

$87,093

Down $33,962 (-28%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin17th percentile

Revenue

Down

$113,033

Down $29,017 (-20%) from 2023

Expenses

Up

$146,995

Up $12,089 (+9.0%) from 2023

Net Income

Down

-$33,962

Down $41,106 (-575%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $5,859Liabilities 2011: $02011Assets 2012: $26,597Liabilities 2012: $02012Assets 2013: $28,404Liabilities 2013: $0Net Assets 2013: $28,4042013Assets 2014: $40,226Liabilities 2014: $0Net Assets 2014: $40,2262014Assets 2015: $75,428Liabilities 2015: $11,000Net Assets 2015: $64,4282015Assets 2016: $91,958Liabilities 2016: $0Net Assets 2016: $91,9582016Assets 2017: $97,416Liabilities 2017: $0Net Assets 2017: $97,4162017Assets 2018: $102,226Liabilities 2018: $0Net Assets 2018: $102,2262018Assets 2019: $91,561Liabilities 2019: $0Net Assets 2019: $91,5612019Assets 2020: $123,365Liabilities 2020: $21,571Net Assets 2020: $101,7942020Assets 2021: $113,108Liabilities 2021: $2,500Net Assets 2021: $110,6082021Assets 2022: $114,028Liabilities 2022: $117Net Assets 2022: $113,9112022Assets 2023: $139,086Liabilities 2023: $18,031Net Assets 2023: $121,0552023Assets 2024: $122,048Liabilities 2024: $34,955Net Assets 2024: $87,0932024

Highlighted filing

2024

Assets$122,048
Liabilities$34,955
Net Assets$87,093
Open 2024 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $26,730Expenses 2011: $35,086Net Income 2011: -$8,3562011Revenue 2012: $52,385Expenses 2012: $31,647Net Income 2012: $20,7382012Revenue 2013: $38,224Expenses 2013: $36,417Net Income 2013: $1,8072013Revenue 2014: $58,548Expenses 2014: $46,726Net Income 2014: $11,8222014Revenue 2015: $47,726Expenses 2015: $23,524Net Income 2015: $24,2022015Revenue 2016: $62,412Expenses 2016: $34,882Net Income 2016: $27,5302016Revenue 2017: $40,851Expenses 2017: $35,393Net Income 2017: $5,4582017Revenue 2018: $203,335Expenses 2018: $198,525Net Income 2018: $4,8102018Revenue 2019: $143,784Expenses 2019: $154,449Net Income 2019: -$10,6652019Revenue 2020: $79,553Expenses 2020: $69,320Net Income 2020: $10,2332020Revenue 2021: $117,749Expenses 2021: $108,935Net Income 2021: $8,8142021Revenue 2022: $117,059Expenses 2022: $113,756Net Income 2022: $3,3032022Revenue 2023: $142,050Expenses 2023: $134,906Net Income 2023: $7,1442023Revenue 2024: $113,033Expenses 2024: $146,995Net Income 2024: -$33,9622024

Highlighted filing

2024

Revenue$113,033
Expenses$146,995
Net Income-$33,962
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$122,048
Liabilities
$34,955
Net assets
$87,093
Revenue
$113,033
Expenses
$146,995
Net income
-$33,962
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.35$0.87$1.13$1.47$0.34
2023Detailed filing. Detailed filing data is available for this year.$1.39$0.18$1.21$1.42$1.35$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$1.17$1.14$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.13$0.03$1.11$1.18$1.09$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.22$1.02$0.80$0.69$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$1.44$1.54$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$2.03$1.99$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.41$0.35$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.62$0.35$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.11$0.64$0.48$0.24$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.59$0.47$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.38$0.36$0.02
2012Summary only. Only limited summary data is available for this year.$0.27$0.00$0.52$0.32$0.21
2011Summary only. Only limited summary data is available for this year.$0.06$0.00$0.27$0.35$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.0
Gross Receipts
$113,033
Mission and Program Overview

Mission

See statement enclosed

Nacc ma is the premier forum for norwegian and u.s. Member companies engaged in international trade and market expansion in the washington d.c. Metropolitan area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$88,294$80,032▼ $8,262
Pledges and Grants Receivable$46,847$33,950▼ $12,897
Total Assets$139,086$122,048▼ $17,038
Other Assets Total$3,945$8,066▲ $4,121
Liabilities
Accounts Payable and Accrued Expenses$18,031$34,955▲ $16,924
Total Liabilities$18,031$34,955▲ $16,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,055$87,093▼ $33,962
Total Net Assets Fund Balance$121,055$87,093▼ $33,962
Total Liabilities and Net Assets / Fund Balance$139,086$122,048▼ $17,038

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,066--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Idar G VoldnesChairman
Alex SaklambanakisBoard Member
Arne SkjaerpeBoard Member
Brian TreatBoard Member
David FunkhouserBoard Member
Eirik Tord JensenBoard Member
Irene BlankeburgBoard Member
Jasmin UtterBoard Member
Kjell KringsjaBoard Member
Nate TetiBoard Member
Steffen TengesdalBoard Member
Stephanie DriscollBoard Member
Steven SawhillBoard Member
Susie PaekSecretary
Chloe FribergTreasurer
Einar GustafsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$53,409
Program Service Revenue
$59,600
Investment Income
$24
Other Revenue
$0
Change in Net Assets
$-33,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,741
Grants and Similar Amounts Paid$50,254
Total Fundraising Expense$1,282
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$73,794--$73,794
Grants to Domestic Orgs$50,254--$50,254
Travel-$7,172-$7,172
Occupancy-$7,020-$7,020
Office Expenses-$3,490-$3,490
Fees for Services Accounting-$2,725-$2,725
Advertising--$1,282$1,282
Insurance-$1,258-$1,258
Total Functional Expenses$124,048$21,665$1,282$146,995
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NadicAlexandria, VA--$50,004
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Norwegian American Chamber of
EIN
05-0536672
Phone
7034762500
Address
3000 K ST NW SUITE 235, WASHINGTON, DC 20007

Signing Officer

Name
Idar G Voldnes
Title
Chairman
Phone
7038270636
Signed
2025-10-28

Organization Details

Principal Officer
Idar G Voldnes
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Huey and Associates Pc
Address
7201 WISCONSIN AVE STE 775, BETHESDA, MD 20814
Preparer
Jonathan L Nichols CPA
Phone
3019513744
Raw XML Appendix352 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0IDAR G VOLDNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07038270636
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORWEGIAN AMERICAN CHAMBER OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMMERCE MID-ATLANTIC CHAPTER
ReturnHeader/Filer/BusinessNameControlTxt0NORW
ReturnHeader/Filer/EIN0050536672
ReturnHeader/Filer/PhoneNum07034762500
ReturnHeader/Filer/USAddress/AddressLine1Txt03000 K ST NW SUITE 235
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521658535
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUEY AND ASSOCIATES PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum03019513744
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN L NICHOLS CPA
ReturnHeader/ReturnTs02025-10-29T17:52:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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