Civic Intelligence

Sons of Norway Foundation

EIN 41-6054126 • 501(c)3 • Minneapolis, MN

Profile

The Sons of Norway Foundation awards scholarships and grants to promote the heritage and culture of Norway, and provide assistance to our members, lodges and their communities.

1455 West Lake StMinneapolis, MN 55408-2666

www.sofn.com

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.13x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

18th percentile

-10%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$293,964

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 49.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

56th percentile

6.2%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-32%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$12,484,622

Up $724,590 (+6.2%) from 2023

Liabilities

Up

$74,767

Up $1,089 (+1.5%) from 2023

Net Assets

Up

$12,409,855

Up $723,501 (+6.2%) from 2023

Operations
Liabilities / Revenue37th percentileNet Margin18th percentile

Revenue

Down

$589,902

Down $276,499 (-32%) from 2023

Expenses

Up

$649,017

Up $41,939 (+6.9%) from 2023

Net Income

Down

-$59,115

Down $318,438 (-123%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

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

$15M$10M$5.0M$0Assets 2011: $4,299,583Liabilities 2011: $26,252Net Assets 2011: $4,273,3312011Assets 2012: $5,248,219Liabilities 2012: $20,296Net Assets 2012: $5,227,9232012Assets 2013: $6,117,378Liabilities 2013: $22,638Net Assets 2013: $6,094,7402013Assets 2014: $6,448,271Liabilities 2014: $115,527Net Assets 2014: $6,332,7442014Assets 2015: $6,256,162Liabilities 2015: $127,067Net Assets 2015: $6,129,0952015Assets 2016: $6,792,438Liabilities 2016: $103,877Net Assets 2016: $6,688,5612016Assets 2017: $7,656,350Liabilities 2017: $128,858Net Assets 2017: $7,527,4922017Assets 2018: $7,262,727Liabilities 2018: $113,045Net Assets 2018: $7,149,6822018Assets 2019: $8,922,375Liabilities 2019: $99,793Net Assets 2019: $8,822,5822019Assets 2020: $9,954,535Liabilities 2020: $89,988Net Assets 2020: $9,864,5472020Assets 2021: $11,913,541Liabilities 2021: $106,324Net Assets 2021: $11,807,2172021Assets 2022: $10,627,129Liabilities 2022: $100,367Net Assets 2022: $10,526,7622022Assets 2023: $11,760,032Liabilities 2023: $73,678Net Assets 2023: $11,686,3542023Assets 2024: $12,484,622Liabilities 2024: $74,767Net Assets 2024: $12,409,8552024

Highlighted filing

2024

Assets$12,484,622
Liabilities$74,767
Net Assets$12,409,855
Open 2024 Filing

Operations Trend

Revenue Growth8th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $265,1592011Expenses 2012: $236,8272012Revenue 2013: $678,208Expenses 2013: $276,634Net Income 2013: $401,5742013Revenue 2014: $687,886Expenses 2014: $229,996Net Income 2014: $457,8902014Revenue 2015: $471,098Expenses 2015: $245,787Net Income 2015: $225,3112015Revenue 2016: $739,866Expenses 2016: $366,412Net Income 2016: $373,4542016Revenue 2017: $445,981Expenses 2017: $367,951Net Income 2017: $78,0302017Revenue 2018: $685,103Expenses 2018: $388,207Net Income 2018: $296,8962018Revenue 2019: $1,944,214Expenses 2019: $570,210Net Income 2019: $1,374,0042019Revenue 2020: $742,757Expenses 2020: $512,174Net Income 2020: $230,5832020Revenue 2021: $1,541,560Expenses 2021: $547,221Net Income 2021: $994,3392021Revenue 2022: $981,213Expenses 2022: $637,953Net Income 2022: $343,2602022Revenue 2023: $866,401Expenses 2023: $607,078Net Income 2023: $259,3232023Revenue 2024: $589,902Expenses 2024: $649,017Net Income 2024: -$59,1152024

Highlighted filing

2024

Revenue$589,902
Expenses$649,017
Net Income-$59,115
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
$12,484,622
Liabilities
$74,767
Net assets
$12,409,855
Revenue
$589,902
Expenses
$649,017
Net income
-$59,115
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$0.07$12.4$0.59$0.65$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$0.07$11.7$0.87$0.61$0.26
2022Detailed filing. Detailed filing data is available for this year.$10.6$0.10$10.5$0.98$0.64$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$0.11$11.8$1.54$0.55$0.99
2020Detailed filing. Detailed filing data is available for this year.$9.95$0.09$9.86$0.74$0.51$0.23
2019Summary only. Only limited summary data is available for this year.$8.92$0.10$8.82$1.94$0.57$1.37
2018Detailed filing. Detailed filing data is available for this year.$7.26$0.11$7.15$0.69$0.39$0.30
2017Detailed filing. Detailed filing data is available for this year.$7.66$0.13$7.53$0.45$0.37$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$0.10$6.69$0.74$0.37$0.37
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.13$6.13$0.47$0.25$0.23
2014Detailed filing. Detailed filing data is available for this year.$6.45$0.12$6.33$0.69$0.23$0.46
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$0.02$6.09$0.68$0.28$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$0.02$5.23$0.24
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$0.03$4.27$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 29, 2025
Return Version
2024v5.0
Gross Receipts
$1,404,316
Mission and Program Overview

Mission

The Sons of Norway Foundation awards scholarships and grants to promote heritage and culture of Norway, and provide assistance to our members, lodges and their communities.

The Sons of Norway Foundation awards scholarships and grants to promote the heritage and culture of Norway, and provide assistance to our members, lodges and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,156,089$10,828,901▲ $672,812
Savings and Temporary Cash Investments$798,596$754,717▼ $43,879
Cash and Non-Interest-Bearing Accounts$87,237$94,310▲ $7,073
Prepaid Expenses and Deferred Charges$8,926$10,585▲ $1,659
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,760,032$12,484,622▲ $724,590
Other Assets Total$709,184$796,109▲ $86,925
Liabilities
Deferred Revenue$66,969$70,703▲ $3,734
Accounts Payable and Accrued Expenses$6,709$4,064▼ $2,645
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$73,678$74,767▲ $1,089
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,460,000$8,840,609▲ $380,609
Net Assets Without Donor Restrictions$3,226,354$3,569,246▲ $342,892
Total Net Assets Fund Balance$11,686,354$12,409,855▲ $723,501
Total Liabilities and Net Assets / Fund Balance$11,760,032$12,484,622▲ $724,590

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$782,160--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$8,975,785$43,969▲ $1,004,463$0$9,763,144
2023$8,187,769$104,212▲ $1,228,042$0$8,975,785
2022$9,385,043$430,069▼ $1,225,023$0$8,187,769
2021$8,566,618$178,500▲ $857,114$0$9,285,043
2020$7,814,086$171,345▲ $871,317$0$8,566,618
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Amy TuchenhagenFoundation DirectorFT$93,987$93,987
Ronald StubbingsSON Board President-$12,000$12,000
Robin FossumDirector-$8,000$8,000
Claudia BergDirector-$5,000$5,000

Board Members and Trustees

NameTitle
Mervin ErikssonChair
Christopher PinkertonPresident and CEO
Jon TehvenVice Chair
Elaine NelsonDirector
Ernest FosseDirector
Faye AuchenpaughDirector
Fred HymansDirector
Kenneth JohnsonDirector
Constance O'BrienDirector of Foundation Development
Daniel SeyfriedCEO
Marci LarsonSecretary
Darrin LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,101
Program Service Revenue
$0
Investment Income
$382,801
Other Revenue
$0
All Other Contributions
$207,101
Change in Net Assets
$-59,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$589,902
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$782,619
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,372,521
Total Revenue per Form 990
$589,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$281,155
Salaries, Compensation, and Employee Benefits$242,895
Other Expenses$124,967
Total Fundraising Expense$101,915
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$281,155--$281,155
Current Officers, Directors, Trustees, and Key Employees$130,376$43,459$43,459$217,294
Occupancy$15,300$5,100$5,100$25,500
Fees for Services Accounting$0$23,056$0$23,056
Other Employee Benefits$11,676$3,892$3,892$19,460
Fees for Services Legal$0$12,111$0$12,111
Conferences and Meetings$0$8,388$0$8,388
Travel$0$0$8,374$8,374
Payroll Taxes$3,685$1,228$1,228$6,141
Other Expenses$5,839$0$0$5,839
Office Expenses$0$1,065$0$1,065
Fees for Services Other$666$106$105$877
Total Functional Expenses$448,697$98,405$101,915$649,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$649,017
Total Expenses per Audited Statements$649,017
Total Expenses per Form 990$649,017
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Other officer compensation reviewed
Yes
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

“The complete Form 990 is compiled by Foundation and Accounting staff, reviewed by related organization President/CEO and Foundation Director, and a complete copy is sent to each board member prior to filing.”

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

“Board members complete a disclosure statement annually. These signed documents are then reviewed by the Sons of Norway Compliance Officer who then reports to Sons of Norway Foundation Board of Governors and Sons of Norway Board of Directors.”

Form 990, Part VI, Section B, Line 15

“The compensation of the related organization President/CEO is set annually by the related organization Executive Committee of Sons of Norway Board of Directors, and subject to approval by that Board of Directors. Compensation of the Foundation Director is determined by the related organization President/CEO. Various independent data is used to ensure compensation is appropriate.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available upon request throughout the year. The Annual Report is also available on the Sons of Norway web site.”

Filing and Contact Details

Filer

Filer Name
Sons of Norway Foundation
EIN
41-6054126
Phone
6128273611
Address
1455 West Lake St, Minneapolis, MN 55408-2666

Signing Officer

Name
Daniel Seyfried
Title
President & CEO
Phone
6128214660
Signed
2025-09-29

Organization Details

Principal Officer
Daniel Seyfried
Formed
1966
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

“To provide grants and scholarships per the endowed fund statutes, the most common theme is that of promoting Norwegian heritage and culture.”

Raw XML AppendixShowing 400 of 813 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
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IRS990/BooksInCareOfDetail/PhoneNum06128214613
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01455 West Lake St
IRS990/BooksInCareOfDetail/USAddress/CityNm0Minneapolis
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IRS990/Form990PartVIISectionAGrp/PersonNm0Daniel Seyfried
IRS990/Form990PartVIISectionAGrp/PersonNm1Constance O'Brien
IRS990/Form990PartVIISectionAGrp/PersonNm2Christopher Pinkerton
IRS990/Form990PartVIISectionAGrp/PersonNm3Amy Tuchenhagen
IRS990/Form990PartVIISectionAGrp/PersonNm4Ronald Stubbings
IRS990/Form990PartVIISectionAGrp/PersonNm5Robin Fossum
IRS990/Form990PartVIISectionAGrp/PersonNm6Claudia Berg
IRS990/Form990PartVIISectionAGrp/PersonNm7Mervin Eriksson
IRS990/Form990PartVIISectionAGrp/PersonNm8Marci Larson
IRS990/Form990PartVIISectionAGrp/PersonNm9Darrin Lee
IRS990/Form990PartVIISectionAGrp/PersonNm10Jon Tehven
IRS990/Form990PartVIISectionAGrp/PersonNm11Faye Auchenpaugh
IRS990/Form990PartVIISectionAGrp/PersonNm12Fred Hymans
IRS990/Form990PartVIISectionAGrp/PersonNm13Ernest Fosse
IRS990/Form990PartVIISectionAGrp/PersonNm14Elaine Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm15Kenneth Johnson
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director of Foundation Development
IRS990/Form990PartVIISectionAGrp/TitleTxt2President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3Foundation Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4SON Board President
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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