Civic Intelligence

Swedish Historical Society of Rockford

EIN 23-7039583 • 501(c)3 • Rockford, IL

Profile

Preservation of swedish historical structure, culture and artifacts through the operations of a museum and cultural center.

404 S Third StreetRockford, IL 61104

www.swedishhistorical.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.06x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-67%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$57,835

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 56.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

42nd percentile

0.8%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.5%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,829,933

Up $22,178 (+0.8%) from 2023

Liabilities

Down

$6,466

Down $1,360 (-17%) from 2023

Net Assets

Up

$2,823,467

Up $23,538 (+0.8%) from 2023

Revenue

Down

$101,920

Down $2,609 (-2.5%) from 2023

Expenses

Up

$170,240

Up $37,520 (+28%) from 2023

Net Income

Down

-$68,320

Down $40,129 (-142%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $893,425Liabilities 2010: $0Net Assets 2010: $893,4252010Assets 2011: $835,861Liabilities 2011: $2,300Net Assets 2011: $833,5612011Assets 2012: $867,263Liabilities 2012: $24,863Net Assets 2012: $842,4002012Assets 2013: $856,077Liabilities 2013: -$221Net Assets 2013: $856,2982013Assets 2017: $2,861,844Liabilities 2017: $4,266Net Assets 2017: $2,857,5782017Assets 2018: $2,670,275Liabilities 2018: $2,102Net Assets 2018: $2,668,1732018Assets 2019: $2,800,297Liabilities 2019: $2,099Net Assets 2019: $2,798,1982019Assets 2020: $2,878,168Liabilities 2020: $11,986Net Assets 2020: $2,866,1822020Assets 2021: $3,025,519Liabilities 2021: $7,326Net Assets 2021: $3,018,1932021Assets 2022: $2,707,641Liabilities 2022: $5,684Net Assets 2022: $2,701,9572022Assets 2023: $2,807,755Liabilities 2023: $7,826Net Assets 2023: $2,799,9292023Assets 2024: $2,829,933Liabilities 2024: $6,466Net Assets 2024: $2,823,4672024

Highlighted filing

2024

Assets$2,829,933
Liabilities$6,466
Net Assets$2,823,467

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $52,0812010Expenses 2011: $58,2262011Expenses 2012: $130,2882012Revenue 2013: $56,429Expenses 2013: $42,531Net Income 2013: $13,8982013Revenue 2017: $82,244Expenses 2017: $123,795Net Income 2017: -$41,5512017Revenue 2018: $115,812Expenses 2018: $130,680Net Income 2018: -$14,8682018Revenue 2019: $83,881Expenses 2019: $138,801Net Income 2019: -$54,9202019Revenue 2020: $106,651Expenses 2020: $111,790Net Income 2020: -$5,1392020Revenue 2021: $183,919Expenses 2021: $134,642Net Income 2021: $49,2772021Revenue 2022: $76,913Expenses 2022: $123,270Net Income 2022: -$46,3572022Revenue 2023: $104,529Expenses 2023: $132,720Net Income 2023: -$28,1912023Revenue 2024: $101,920Expenses 2024: $170,240Net Income 2024: -$68,3202024

Highlighted filing

2024

Revenue$101,920
Expenses$170,240
Net Income-$68,320

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$205,119
Mission and Program Overview

Mission

Preservation of swedish historical structure, culture and artifacts through the operations of a museum and cultural center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,475,316$1,516,151▲ $40,835
Land, Buildings, and Equipment, Net$566,669$551,421▼ $15,248
Investments Other Securities$281,214$295,387▲ $14,173
Cash and Non-Interest-Bearing Accounts$28,207$10,625▼ $17,582
Total Assets$2,807,755$2,829,933▲ $22,178
Other Assets Total$456,349$456,349→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,826$6,466▼ $1,360
Total Liabilities$7,826$6,466▼ $1,360
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,771,943$2,815,778▲ $43,835
Net Assets With Donor Restrictions$27,986$7,689▼ $20,297
Total Net Assets Fund Balance$2,799,929$2,823,467▲ $23,538
Total Liabilities and Net Assets / Fund Balance$2,807,755$2,829,933▲ $22,178

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$520,763$108,431$629,194
Equipment$15,273$10,939$26,212
Land$15,385-$15,385
Other Assets Org$456,349--
Other Securities$159,694--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alix FoxExecutive DirectorFT$57,835$57,835

Board Members and Trustees

NameTitle
Jonathan SmithPresident
Ron GustafsonVice-president
Cary JohnsonBoard Member
David PetersonBoard Member
Emma KorjonenBoard Member
Karen BieschkeBoard Member
Karen HolmesBoard Member
Mary ZaskeBoard Member
Terry CarlsonBoard Member
Terri Adell AndersonSecretary
Linnea BengtssonSwedish Ambassador
Bonnie SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$36,979
Program Service Revenue
$650
Investment Income
$52,425
Other Revenue
$11,866
All Other Contributions
$36,979
Change in Net Assets
$-68,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$86,798
Revenue Not Reported on Financial Statements
$15,122
Revenue Not Reported on Form 990
$125,563
Total Revenue per Audited Statements
$212,361
Total Revenue per Form 990
$101,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,145
Salaries, Compensation, and Employee Benefits$64,095
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$17,972$41,699-$59,671
Occupancy$42,552$11,671-$54,223
Depreciation Depletion$6,293$14,006-$20,299
Fees for Services Accounting$12,102$3,112-$15,214
Office Expenses$3,918$2,488-$6,406
Insurance$2,187$3,651-$5,838
Payroll Taxes-$4,424-$4,424
Advertising$2,437$615-$3,052
Other Expenses$514$97-$514
Total Functional Expenses$88,477$81,763$0$170,240

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$188,823
Expenses per Audited Statements$170,240
Total Expenses per Form 990$170,240
Expenses Not Reported on Form 990$18,583
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,199
Fundraising Direct Expenses$17,483
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Crayfish, Midsommer, Julmarknad,$29,199$29,199$17,483$11,716
Total Events$29,199$29,199$17,483$11,716
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Directors are elected by a majority vote of members at the annual meeting of the society.

Form 990, Part VI, Section B, Line 11B

The organization's form 990 is reviewed by the treasurer prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed annually and disclosed at board meetings.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Swedish Historical Society of Rockford
EIN
23-7039583
Phone
8159635559
Address
404 S THIRD STREET, ROCKFORD, IL 61104

Signing Officer

Name
Bonnie Smith
Title
Treasurer
Phone
8159635559
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie Smith
Formed
1950
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
12

Preparer

Firm
Selden Fox Ltd
Address
ONE PARKVIEW PLAZA SUITE 710, OAKBROOK TERRACE, IL 60181
Preparer
John T Wojcik
Phone
6309541400
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising costs 17,483.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising costs 17,483. In-kind donations 1,100.

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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0456349
IRS990/OtherAssetsTotalGrp/EOYAmt0456349
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt097
IRS990/OtherExpensesGrp/ProgramServicesAmt0502
IRS990/OtherExpensesGrp/ProgramServicesAmt1514
IRS990/OtherExpensesGrp/TotalAmt0599
IRS990/OtherExpensesGrp/TotalAmt1514
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0150
IRS990/OtherRevenueTotalAmt0150
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04424
IRS990/PayrollTaxesGrp/TotalAmt04424
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BONNIE SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS/TOURS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0650
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt031145
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt062292
IRS990/PYOtherExpensesAmt070705
IRS990/PYOtherRevenueAmt010610
IRS990/PYProgramServiceRevenueAmt0482
IRS990/PYRevenuesLessExpensesAmt0-28191
IRS990/PYSalariesCompEmpBnftPaidAmt062015
IRS990/PYTotalExpensesAmt0132720
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0104529
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-68320
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt036979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt054576
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt052835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0223692
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0145383
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0188455
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-218178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0224726
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0126804
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0467190
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0800
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0932
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0227
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt028
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02337
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.26320
IRS990ScheduleA/PublicSupportPY170Pct00.29000
IRS990ScheduleA/PublicSupportTotal170Amt0182445
IRS990ScheduleA/SubstantialContributorsTotAmt041247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt036979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt033095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046207
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt054576
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt052835
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0223692
IRS990ScheduleA/TotalSupportAmt0693219
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0520763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0108431
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0629194
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt015273
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010939
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026212
IRS990ScheduleD/ExpensesNotReportedAmt018583
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0170240
IRS990ScheduleD/InvestmentExpensesNotIncldAmt015122
IRS990ScheduleD/LandGrp/BookValueAmt015385
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015385
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0108080
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0456349
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COLLECTION
IRS990ScheduleD/OtherExpensesIncludedAmt018583
IRS990ScheduleD/OtherRevenueAmt017483
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0135693
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1159694
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CFNIL NEW BUILDING
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CFNIL MATCH CHALLENGE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0125563
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt015122
IRS990ScheduleD/RevenueSubtotalAmt086798
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING COSTS 17,483.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING COSTS 17,483. IN-KIND DONATIONS 1,100.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0551421
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0456349
IRS990ScheduleD/TotalBookValueSecuritiesAmt0295387
IRS990ScheduleD/TotalExpensesPerForm990Amt0170240
IRS990ScheduleD/TotalRevenuePerForm990Amt0101920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0212361
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0188823
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017483
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CRAYFISH, MIDSOMMER, JULMARKNAD,
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029199
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt029199
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029199
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029199
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011716
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017483
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017483
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS ARE ELECTED BY A MAJORITY VOTE OF MEMBERS AT THE ANNUAL MEETING OF THE SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND DISCLOSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A

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