Civic Intelligence

The Norwegian American Chamber Of

EIN 13-1605825 • 501(c)6 • New York, NY

Profile

The purposes of the norwegian american chamber of commerce, incorporated (the corporation) shall be to promote trade and goodwill and to foster business, financial and professional interests between norway and the united states of america, to advance the common purposes of its members, and facilitate contacts among its members.

450 Lexington Ave 4th FloorNew York, NY 10017

www.naccusa.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.33x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

0.74x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$85,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 63.7% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

35%

Faster asset growth than 88% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$300,261

Up $77,908 (+35%) from 2021

Liabilities

Up

$98,424

Up $28,207 (+40%) from 2021

Net Assets

Up

$201,837

Up $49,701 (+33%) from 2021

Revenue

Up

$133,393

Up $25,947 (+24%) from 2021

Expenses

Up

$119,754

Up $3,638 (+3.1%) from 2021

Net Income

Up

$13,639

Up $22,309 (+257%) from 2021

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $355,434Liabilities 2011: $26,153Net Assets 2011: $329,2812011Assets 2012: $357,292Liabilities 2012: $27,552Net Assets 2012: $329,7402012Assets 2013: $352,377Liabilities 2013: $22,545Net Assets 2013: $329,8322013Assets 2014: $346,983Liabilities 2014: $21,185Net Assets 2014: $325,7982014Assets 2015: $335,893Liabilities 2015: $34,882Net Assets 2015: $301,0112015Assets 2016: $294,645Liabilities 2016: $29,124Net Assets 2016: $265,5212016Assets 2017: $283,398Liabilities 2017: $29,527Net Assets 2017: $253,8712017Assets 2018: $232,503Liabilities 2018: $32,653Net Assets 2018: $199,8502018Assets 2019: $234,357Liabilities 2019: $32,500Net Assets 2019: $201,8572019Assets 2020: $225,550Liabilities 2020: $64,743Net Assets 2020: $160,8072020Assets 2021: $222,353Liabilities 2021: $70,217Net Assets 2021: $152,1362021Assets 2022: $300,261Liabilities 2022: $98,424Net Assets 2022: $201,8372022

Highlighted filing

2022

Assets$300,261
Liabilities$98,424
Net Assets$201,837

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $365,914Expenses 2011: $359,940Net Income 2011: $5,9742011Revenue 2012: $350,363Expenses 2012: $349,904Net Income 2012: $4592012Revenue 2013: $390,473Expenses 2013: $390,381Net Income 2013: $922013Revenue 2014: $338,456Expenses 2014: $342,490Net Income 2014: -$4,0342014Revenue 2015: $441,697Expenses 2015: $466,484Net Income 2015: -$24,7872015Revenue 2016: $339,617Expenses 2016: $375,106Net Income 2016: -$35,4892016Revenue 2017: $354,816Expenses 2017: $366,466Net Income 2017: -$11,6502017Revenue 2018: $180,626Expenses 2018: $234,647Net Income 2018: -$54,0212018Revenue 2019: $138,869Expenses 2019: $143,236Net Income 2019: -$4,3672019Revenue 2020: $121,356Expenses 2020: $131,827Net Income 2020: -$10,4712020Revenue 2021: $107,446Expenses 2021: $116,116Net Income 2021: -$8,6702021Revenue 2022: $133,393Expenses 2022: $119,754Net Income 2022: $13,6392022

Highlighted filing

2022

Revenue$133,393
Expenses$119,754
Net Income$13,639

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$133,393
Mission and Program Overview

Mission

The purposes of the norwegian american chamber of commerce, incorporated (the corporation) shall be to promote trade and goodwill and to foster business, financial and professional interests between norway and the united states of america, to advance the common purposes of its members, and facilitate contacts among its members.

Program Services

DescriptionGrantsExpenses
MEMBER ACTIVITIES SUCH AS LUNCHEONS ARE COORDINATED NATIONWIDE. THESE ACTIVITIES PROMOTE BUSINESS BETWEEN NORWAY AND THE U.S. AND BRING TOGETHER VARIOUS MEMBERS OF THE NORWEGIAN-AMERICAN COMMUNITY TO FACILIATE BUSINESS.-$102,964
PUBLICATION OF DIRECTORY-ORGANIZATION PUBLISHES ANNUAL DIRECTORY OF ALL MEMBERS WHICH IS DISTRIBUTED TO MEMBERS. FOSTERS COMMUNIATION AMONG MEMBERS IN ORDER TO CARRY OUT ORGANIZATION'S ACTIVITIES.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LIVE SLETTEN DIAKOLIOSExecutive Di-$85,000-$85,000
JOHN BENSONBoard Member-$0--
EVEN JOHANSENBoard Member-$0--
TERJE KORSNESBoard Member-$0--
OIVIND LORENTZEN IIIBoard Member-$0--
MARTIN LUNDERBoard Member-$0--
CLAY MAITLANDBoard Member-$0--
CHERYL ACKERBoard Member-$0--
MICHAEL STEWARTBoard Member-$0--
JAN-EYSTEIN SAEBOEBoard Member-$0--
MORTEN SOHLBERGBoard Member-$0--
JOVI TENEVBoard Member-$0--
STEIN ERLING BREKKEBoard Member-$0--
MATS WERMELINBoard Member-$0--
ALLAN KROGSGAARDBoard Member-$0--
JASMIN UTTERBoard Member-$0--
GEIR MORLANDBoard Member-$0--
LAUREN WILGUSBoard Member-$0--
MICHAEL TIMPONEBoard Member-$0--
CHARLES ANDERSONBoard Member-$0--
HEGE BARNESBoard Member-$0--
CAMERON W BEARDBoard Member-$0--
HUMERA AHMEDBoard Member-$0--
ARVE HANSTVEITBoard Member-$0--
OLAV REFVIKBoard Member-$0--
OLE CHR SCHRODERBoard Member-$0--
EWA STAWORZYNKSABoard Member-$0--
JOHN SULLIVANBoard Member-$0--
JOHN HURTERBoard Member-$0--
ANDERS AASENBoard Member-$0--
JAHN HOELBoard Member-$0--
CHRIS BURMEISTERBoard Member-$0--
RYAN MARTHBoard Member-$0--
BJORN REKTORLIBoard Member-$0--
IDAR VOLDNESBoard Member-$0--
HARRIET E BERGBoard Member-$0--
OYVIND KVARSTEINBoard Member-$0--
PER HEIDENREICHBoard Member-$0--
ROLF KOGSTADBoard Member-$0--
LARRY RUTKOWSKIBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Norwegian American Chamber of
EIN
13-1605825
Phone
6468831760
Address
450 LEXINGTON AVE 4TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Live Sletten Diakolios
Title
Executive Director
Phone
6468831760
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Huey and Associates Pc
Address
7201 WISCONSIN AVE STE 775, BETHESDA, MD 20814
Preparer
Jonathan L Nichols CPA
Phone
3019513744
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Advertising income 5,000 total 5,000

Form 990-ez, Part I, Line 16

Expenses supplies 54 telephone/internet 2,003 design/prod/editorial 380 bank fees 300 web maintenance 1,241 travel 3,941 insurance 2,858 offsite storage 2,013 bad debt expense 10,000 gifts 1,005 unrelated business tax 250 total 24,045

Form 990-ez, Part I, Line 20

OTHER INCREASES 36,062

Form 990-ez, Part II, Line 24

Accounts receivable 70,217 98,422 other asset 0 13,639 total 70,217 112,061

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 24,967 52,924 deferred revenue 45,250 45,500

Form 990-ez, Part III

The purposes of the norwegian american chamber of commerce, incorporated (the corporation) shall be to promote trade and goodwill and to foster business, financial and professional interests between norway and the united states of america, to advance the common purposes of its members, and facilitate contacts among its members.

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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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IRS990EZ/ProgramServiceRevenueAmt039853
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MEMBER ACTIVITIES SUCH AS LUNCHEONS ARE COORDINATED NATIONWIDE. THESE ACTIVITIES PROMOTE BUSINESS BETWEEN NORWAY AND THE U.S. AND BRING TOGETHER VARIOUS MEMBERS OF THE NORWEGIAN-AMERICAN COMMUNITY TO FACILIATE BUSINESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PUBLICATION OF DIRECTORY-ORGANIZATION PUBLISHES ANNUAL DIRECTORY OF ALL MEMBERS WHICH IS DISTRIBUTED TO MEMBERS. FOSTERS COMMUNIATION AMONG MEMBERS IN ORDER TO CARRY OUT ORGANIZATION'S ACTIVITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0102964
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt091434
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt070217
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt098424
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0119754
IRS990EZ/TotalProgramServiceExpensesAmt0102964
IRS990EZ/TotalRevenueAmt0133393
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.NACCUSA.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADVERTISING INCOME 5,000 TOTAL 5,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES SUPPLIES 54 TELEPHONE/INTERNET 2,003 DESIGN/PROD/EDITORIAL 380 BANK FEES 300 WEB MAINTENANCE 1,241 TRAVEL 3,941 INSURANCE 2,858 OFFSITE STORAGE 2,013 BAD DEBT EXPENSE 10,000 GIFTS 1,005 UNRELATED BUSINESS TAX 250 TOTAL 24,045
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER INCREASES 36,062
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS RECEIVABLE 70,217 98,422 OTHER ASSET 0 13,639 TOTAL 70,217 112,061
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 24,967 52,924 DEFERRED REVENUE 45,250 45,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PURPOSES OF THE NORWEGIAN AMERICAN CHAMBER OF COMMERCE, INCORPORATED (THE CORPORATION) SHALL BE TO PROMOTE TRADE AND GOODWILL AND TO FOSTER BUSINESS, FINANCIAL AND PROFESSIONAL INTERESTS BETWEEN NORWAY AND THE UNITED STATES OF AMERICA, TO ADVANCE THE COMMON PURPOSES OF ITS MEMBERS, AND FACILITATE CONTACTS AMONG ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LIVE SLETTEN DIAKOLIOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06468831760
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE NORWEGIAN AMERICAN CHAMBER OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMMERCE INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0NORW
ReturnHeader/Filer/EIN0131605825
ReturnHeader/Filer/PhoneNum06468831760
ReturnHeader/Filer/USAddress/AddressLine1Txt0450 LEXINGTON AVE 4TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521658535
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUEY AND ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07201 WISCONSIN AVE STE 775
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum03019513744
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN L NICHOLS CPA
ReturnHeader/ReturnTs02023-11-15T15:58:26-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LIVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DIAKOLIOS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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