Civic Intelligence

Salolampi Foundation

990 • Fiscal year 2022 • EIN 41-1355241

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2023

Organization Profilewww.salolampi.org
PO Box 14480Minneapolis, MN 55414

(651) 210-5281

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

88th percentile

46%

Higher net margin than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

15th percentile

-27%

Faster revenue growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,506,778

Down $188,119 (-11%) from 2021

Net Assets

Down

$1,506,105

Down $188,319 (-11%) from 2021

Liabilities

Up

$673

Up $200 (+42%) from 2021

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin88th percentile

Revenue

Down

$97,824

Down $37,029 (-27%) from 2021

Expenses

Down

$52,783

Down $10,059 (-16%) from 2021

Net Income

Down

$45,041

Down $26,970 (-37%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $468,030Liabilities 2010: $0Net Assets 2010: $468,0302010Assets 2011: $755,574Liabilities 2011: $0Net Assets 2011: $755,5742011Assets 2012: $979,183Liabilities 2012: $0Net Assets 2012: $979,1832012Assets 2013: $1,164,419Liabilities 2013: $0Net Assets 2013: $1,164,4192013Assets 2014: $1,186,792Liabilities 2014: $0Net Assets 2014: $1,186,7922014Assets 2015: $1,107,680Liabilities 2015: $0Net Assets 2015: $1,107,6802015Assets 2016: $1,196,626Liabilities 2016: $0Net Assets 2016: $1,196,6262016Assets 2017: $1,303,946Liabilities 2017: $0Net Assets 2017: $1,303,9462017Assets 2018: $1,167,380Liabilities 2018: $0Net Assets 2018: $1,167,3802018Assets 2019: $1,311,772Liabilities 2019: $0Net Assets 2019: $1,311,7722019Assets 2020: $1,503,799Liabilities 2020: $138Net Assets 2020: $1,503,6612020Assets 2021: $1,694,897Liabilities 2021: $473Net Assets 2021: $1,694,4242021Assets 2022: $1,506,778Liabilities 2022: $673Net Assets 2022: $1,506,1052022Assets 2023: $1,687,630Liabilities 2023: $62Net Assets 2023: $1,687,5682023Assets 2024: $1,874,752Liabilities 2024: $2,598Net Assets 2024: $1,872,1542024

Highlighted filing

2022

Assets$1,506,778
Liabilities$673
Net Assets$1,506,105
Open 2022 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2010: $139,003Expenses 2010: $62,984Net Income 2010: $76,0192010Revenue 2011: $368,417Expenses 2011: $49,440Net Income 2011: $318,9772011Expenses 2012: $72,4682012Revenue 2013: $232,660Expenses 2013: $63,175Net Income 2013: $169,4852013Revenue 2014: $70,200Expenses 2014: $64,351Net Income 2014: $5,8492014Revenue 2015: $52,492Expenses 2015: $91,371Net Income 2015: -$38,8792015Revenue 2016: $89,515Expenses 2016: $88,060Net Income 2016: $1,4552016Revenue 2017: $64,271Expenses 2017: $104,180Net Income 2017: -$39,9092017Revenue 2018: $62,300Expenses 2018: $108,976Net Income 2018: -$46,6762018Revenue 2019: $110,435Expenses 2019: $124,753Net Income 2019: -$14,3182019Revenue 2020: $97,062Expenses 2020: $29,742Net Income 2020: $67,3202020Revenue 2021: $134,853Expenses 2021: $62,842Net Income 2021: $72,0112021Revenue 2022: $97,824Expenses 2022: $52,783Net Income 2022: $45,0412022Revenue 2023: $119,225Expenses 2023: $71,682Net Income 2023: $47,5432023Revenue 2024: $86,697Expenses 2024: $59,376Net Income 2024: $27,3212024

Highlighted filing

2022

Revenue$97,824
Expenses$52,783
Net Income$45,041
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 3, 2023
Return Version
2022v5.0
Gross Receipts
$97,824
Mission and Program Overview

Mission

Mission Statement The Salolampi Foundation is committed to sustaining the Finnish Language & Culture through Scholarships & Programs Support at the Salolampi Finnish Language Village.

Mission statement: we provide scholarships and program support to salolampi finnish language village, enhancing and expanding villagers' knowledge of and passion for finnish language and culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,617,452$1,418,505▼ $198,947
Cash and Non-Interest-Bearing Accounts$42,595$49,379▲ $6,784
Savings and Temporary Cash Investments$31,797$35,972▲ $4,175
Prepaid Expenses and Deferred Charges$3,053$2,922▼ $131
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,694,897$1,506,778▼ $188,119
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$473$672▲ $199
Other Liabilities-$1-
Total Liabilities$473$673▲ $200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$775,589$1,436,935▲ $661,346
Net Assets Without Donor Restrictions$918,835$69,170▼ $849,665
Total Net Assets Fund Balance$1,694,424$1,506,105▼ $188,319
Total Liabilities and Net Assets / Fund Balance$1,694,897$1,506,778▼ $188,119

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,263,276-▲ $179,658-$1,083,618
2021$1,218,708$44,568--$1,263,276
2020$1,177,779$40,929--$1,218,708
2019$1,130,852$46,927--$1,177,779
2018$1,130,464$388--$1,130,852
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Aino WhelerPresident
Mark KellaherPresident
Aili LundDirector
Ceri KoskiDirector
Eric MakiDirector
Heidi Marttila-LosureDirector
John HansonDirector
Kaisa TaipaleDirector
Linda Warpula DavisDirector
Richard CastroDirector
Sara BogieDirector
Steve LepplDirector
Katie-Rose ImbrianoSecretary
Paavo TaipaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,560
Program Service Revenue
$0
Investment Income
$46,264
Other Revenue
$0
All Other Contributions
$51,560
Change in Net Assets
$45,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$29,850
Other Expenses$22,933
Total Fundraising Expense$2,322
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$29,850--$29,850
Fees for Service Investment Mgmnt Fees-$11,753-$11,753
Fees for Services Accounting-$3,938-$3,938
Insurance-$3,015-$3,015
Office Expenses-$478$2,113$2,591
Information Technology-$1,427-$1,427
Other Expenses--$209$209
Total Functional Expenses$29,850$20,611$2,322$52,783
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Salolampi Foundation
EIN
41-1355241
Phone
6512105281
Address
PO Box 14480, Minneapolis, MN 55414

Signing Officer

Name
Paavo Taipale
Title
Treasurer
Signed
2023-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paavo Taipale
Formed
1979
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
50

Preparer

Firm
Analytix Solutions
Address
800 W CUMMINGS PARK STE 2000, WOBURN, MA 01801
Preparer
Patricia A Suarez
Phone
7815039020
Raw XML AppendixShowing 400 of 502 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0473
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0672
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MISSION STATEMENT: WE PROVIDE SCHOLARSHIPS AND PROGRAM SUPPORT TO SALOLAMPI FINNISH LANGUAGE VILLAGE, ENHANCING AND EXPANDING VILLAGERS' KNOWLEDGE OF AND PASSION FOR FINNISH LANGUAGE AND CULTURE.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt051560
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Paavo Taipale
IRS990/BooksInCareOfDetail/PhoneNum06512105281
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 14480
IRS990/BooksInCareOfDetail/USAddress/CityNm0Minneapolis
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0554140480
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt042595
IRS990/CashNonInterestBearingGrp/EOYAmt049379
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt051560
IRS990/CYGrantsAndSimilarPaidAmt029850
IRS990/CYInvestmentIncomeAmt046264
IRS990/CYOtherExpensesAmt022933
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt045041
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt052783
IRS990/CYTotalFundraisingExpenseAmt02322
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt097824
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Seventy-two scholarships were given to villagers in the Salolampi Language Village program operated by Concordia Language Village. Scholarship support ensures that Salolampi remains accessible to all. Salolampi Foundation scholarships made it possible for a new cohort of villagers to return to Salolampi for the first time since 2019.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0775589
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01436935
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt029850
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03938
IRS990/FeesForServicesAccountingGrp/TotalAmt03938
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt011753
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt011753
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt113.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0Richard Castro
IRS990/Form990PartVIISectionAGrp/PersonNm1Steve Leppl
IRS990/Form990PartVIISectionAGrp/PersonNm2Linda Warpula Davis
IRS990/Form990PartVIISectionAGrp/PersonNm3Kaisa Taipale
IRS990/Form990PartVIISectionAGrp/PersonNm4Aili Lund
IRS990/Form990PartVIISectionAGrp/PersonNm5Heidi Marttila-Losure
IRS990/Form990PartVIISectionAGrp/PersonNm6Eric Maki
IRS990/Form990PartVIISectionAGrp/PersonNm7Ceri Koski
IRS990/Form990PartVIISectionAGrp/PersonNm8Sara Bogie
IRS990/Form990PartVIISectionAGrp/PersonNm9Paavo Taipale
IRS990/Form990PartVIISectionAGrp/PersonNm10Mark Kellaher
IRS990/Form990PartVIISectionAGrp/PersonNm11Aino Wheler
IRS990/Form990PartVIISectionAGrp/PersonNm12Katie-Rose Imbriano
IRS990/Form990PartVIISectionAGrp/PersonNm13John Hanson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10President
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt029850
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt029850
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt029850
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt097824
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01427
IRS990/InformationTechnologyGrp/TotalAmt01427
IRS990/InsuranceGrp/ManagementAndGeneralAmt03015
IRS990/InsuranceGrp/TotalAmt03015
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt046264
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046264
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01617452
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01418505
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Mission Statement: The Salolampi Foundation is committed to sustaining the Finnish language and culture. We provide scholarships and program support to Salolampi Finnish Language Village, enhancing and expanding villagers' knowledge of and passion for Finnish language and culture.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01694424
IRS990/NetAssetsOrFundBalancesEOYAmt01506105
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-233360
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0918835
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt069170
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt02113
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0478
IRS990/OfficeExpensesGrp/TotalAmt02591
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PayPal Fees
IRS990/OtherExpensesGrp/FundraisingAmt0209
IRS990/OtherExpensesGrp/TotalAmt0209
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03053
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02922
IRS990/PrincipalOfficerNm0Paavo Taipale
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Fundrasing growth to build Salolampi's future by increased "Phone-a-thon" donations by nearly five percent.
IRS990/ProgSrvcAccomActy3Grp/Desc0Financial management has improved Salolampi's financial heath as well as tightening spending controls to focus funds on scholarships. Better financial controls allow us to predict scholarship spending in the future and increase our fundraising efforts to meet those needs.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt060615
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt038695
IRS990/PYInvestmentIncomeAmt073601
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt024147
IRS990/PYOtherRevenueAmt0637
IRS990/PYRevenuesLessExpensesAmt072011
IRS990/PYTotalExpensesAmt062842
IRS990/PYTotalRevenueAmt0134853
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt045041
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031797
IRS990/SavingsAndTempCashInvstGrp/EOYAmt035972
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01191
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt03625
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt04845
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt05290
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05263
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt020214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt051560
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt060615
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt052221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt071136
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt062240
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0297772
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt046264
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt073601
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt043573
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt038383
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0201881
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt046264
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt073601
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt043573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt038383
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0201881
IRS990ScheduleA/InvestmentIncomeCYPct00.40400
IRS990ScheduleA/InvestmentIncomePYPct00.33210
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.55550
IRS990ScheduleA/PublicSupportPY509Pct00.61280
IRS990ScheduleA/PublicSupportTotal509Amt0277558
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01191
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt03625
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt04845
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt05290
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05263
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt020214
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt051560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt060615
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt052221
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt071136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt062240
IRS990ScheduleA/Total509Grp/TotalAmt0297772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt097824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0134216
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt095794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0109519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt062300
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0499653
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01263276
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01083618
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0179658
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01218708
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt044568
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01263276
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01177779
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt040929
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01218708
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01130852
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt046927
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01177779
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01130464
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0388
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01130852

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,506,778
Liabilities
$673
Net assets
$1,506,105
Revenue
$97,824
Expenses
$52,783
Net income
$45,041
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.00$1.87$0.09$0.06$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.00$1.69$0.12$0.07$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.10$0.05$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.00$1.69$0.13$0.06$0.07
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.50$0.00$1.50$0.10$0.03$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.11$0.12$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.06$0.11$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.00$1.30$0.06$0.10$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.09$0.09$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.00$1.11$0.05$0.09$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.07$0.06$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.23$0.06$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.00$0.98$0.07
2011Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.37$0.05$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$0.14$0.06$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits