Civic Intelligence

Finlandia Foundation National Inc

EIN 95-6098250 • 501(c)3 • Pasadena, CA

Profile

Support, preserve and cultivate finnish culture in the united states.

254 N Lake Ave 852Pasadena, CA 91101

www.finlandiafoundation.org

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

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

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

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

Net Margin

95th percentile

78%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

50th percentile

$185,114

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

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

Asset Growth

98th percentile

162%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

96th percentile

265%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$11,875,107

Up $7,337,432 (+162%) from 2023

Liabilities

Up

$20,096

Up $17,064 (+563%) from 2023

Net Assets

Up

$11,855,011

Up $7,320,368 (+161%) from 2023

Operations
Liabilities / Revenue9th percentileNet Margin95th percentile

Revenue

Up

$7,183,210

Up $5,213,371 (+265%) from 2023

Expenses

Up

$1,592,738

Up $275,454 (+21%) from 2023

Net Income

Up

$5,590,472

Up $4,937,917 (+757%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0Assets 2011: $1,804,022Liabilities 2011: $821Net Assets 2011: $1,803,2012011Assets 2012: $2,075,235Liabilities 2012: $1,340Net Assets 2012: $2,073,8952012Assets 2013: $2,422,588Liabilities 2013: $1,320Net Assets 2013: $2,421,2682013Assets 2014: $2,616,889Liabilities 2014: $817Net Assets 2014: $2,616,0722014Assets 2015: $2,520,958Liabilities 2015: $816Net Assets 2015: $2,520,1422015Assets 2016: $2,646,465Liabilities 2016: $817Net Assets 2016: $2,645,6482016Assets 2017: $2,899,628Liabilities 2017: $795Net Assets 2017: $2,898,8332017Assets 2018: $2,695,172Liabilities 2018: $817Net Assets 2018: $2,694,3552018Assets 2019: $2,922,397Liabilities 2019: $868Net Assets 2019: $2,921,5292019Assets 2020: $3,263,975Liabilities 2020: $868Net Assets 2020: $3,263,1072020Assets 2021: $4,408,032Liabilities 2021: $977Net Assets 2021: $4,407,0552021Assets 2022: $3,722,738Liabilities 2022: $975Net Assets 2022: $3,721,7632022Assets 2023: $4,537,675Liabilities 2023: $3,032Net Assets 2023: $4,534,6432023Assets 2024: $11,875,107Liabilities 2024: $20,096Net Assets 2024: $11,855,0112024

Highlighted filing

2024

Assets$11,875,107
Liabilities$20,096
Net Assets$11,855,011
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $366,249Expenses 2011: $291,236Net Income 2011: $75,0132011Revenue 2012: $410,826Expenses 2012: $288,780Net Income 2012: $122,0462012Revenue 2013: $426,702Expenses 2013: $337,545Net Income 2013: $89,1572013Revenue 2014: $536,676Expenses 2014: $334,881Net Income 2014: $201,7952014Revenue 2015: $539,072Expenses 2015: $486,507Net Income 2015: $52,5652015Revenue 2016: $558,151Expenses 2016: $451,773Net Income 2016: $106,3782016Revenue 2017: $532,066Expenses 2017: $574,203Net Income 2017: -$42,1372017Revenue 2018: $703,558Expenses 2018: $465,390Net Income 2018: $238,1682018Revenue 2019: $379,952Expenses 2019: $467,070Net Income 2019: -$87,1182019Revenue 2020: $654,643Expenses 2020: $355,017Net Income 2020: $299,6262020Revenue 2021: $1,513,706Expenses 2021: $553,272Net Income 2021: $960,4342021Revenue 2022: $554,829Expenses 2022: $688,483Net Income 2022: -$133,6542022Revenue 2023: $1,969,839Expenses 2023: $1,317,284Net Income 2023: $652,5552023Revenue 2024: $7,183,210Expenses 2024: $1,592,738Net Income 2024: $5,590,4722024

Highlighted filing

2024

Revenue$7,183,210
Expenses$1,592,738
Net Income$5,590,472
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,875,107
Liabilities
$20,096
Net assets
$11,855,011
Revenue
$7,183,210
Expenses
$1,592,738
Net income
$5,590,472
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.9$0.02$11.9$7.18$1.59$5.59
2023Detailed filing. Detailed filing data is available for this year.$4.54$0.00$4.53$1.97$1.32$0.65
2022Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$0.55$0.69$0.13
2021Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$1.51$0.55$0.96
2020Detailed filing. Detailed filing data is available for this year.$3.26$0.00$3.26$0.65$0.36$0.30
2019Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.38$0.47$0.09
2018Summary only. Only limited summary data is available for this year.$2.70$0.00$2.69$0.70$0.47$0.24
2017Summary only. Only limited summary data is available for this year.$2.90$0.00$2.90$0.53$0.57$0.04
2016Summary only. Only limited summary data is available for this year.$2.65$0.00$2.65$0.56$0.45$0.11
2015Summary only. Only limited summary data is available for this year.$2.52$0.00$2.52$0.54$0.49$0.05
2014Summary only. Only limited summary data is available for this year.$2.62$0.00$2.62$0.54$0.33$0.20
2013Summary only. Only limited summary data is available for this year.$2.42$0.00$2.42$0.43$0.34$0.09
2012Summary only. Only limited summary data is available for this year.$2.08$0.00$2.07$0.41$0.29$0.12
2011Summary only. Only limited summary data is available for this year.$1.80$0.00$1.80$0.37$0.29$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$7,194,613
Mission and Program Overview

Mission

Support, preserve and cultivate finnish culture in the united states.

Enabling people to share in the traditions, values, & spirit of finland & finnish america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,168,142$10,392,741▲ $7,224,599
Pledges and Grants Receivable$0$500,400▲ $500,400
Land, Buildings, and Equipment, Net$0$473,100▲ $473,100
Cash and Non-Interest-Bearing Accounts$436,811$140,523▼ $296,288
Savings and Temporary Cash Investments$127,722$0▼ $127,722
Inventories for Sale or Use$0$60,343▲ $60,343
Total Assets$4,537,675$11,875,107▲ $7,337,432
Other Assets Total$805,000$308,000▼ $497,000
Liabilities
Accounts Payable and Accrued Expenses$3,032$20,096▲ $17,064
Total Liabilities$3,032$20,096▲ $17,064
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,534,643$7,208,809▲ $2,674,166
Net Assets With Donor Restrictions-$4,646,202-
Total Net Assets Fund Balance$4,534,643$11,855,011▲ $7,320,368
Total Liabilities and Net Assets / Fund Balance$4,537,675$11,875,107▲ $7,337,432

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$409,500$10,500$420,000
Other Land Buildings$53,600$13,400$67,000
Equipment$0$24,823$24,823
Land$10,000-$10,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,856,022$13,005▲ $118,713-$2,964,630
2023$2,688,326$98,600▲ $284,296-$2,856,022
2022$3,072,114$24,498▼ $304,286-$2,688,326
2021$1,968,069$878,000▲ $260,045-$3,072,114
2020$1,651,396$218,000▲ $106,673-$1,968,069
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas FlanaganExecutive DirectorFT$181,250$3,864$185,114

Board Members and Trustees

NameTitle
Paivi TetriPresident
Paul HalmeExecutive Vice President
Annika AhonalaTrustee
David RoweTrustee
Dirk SchulbachTrustee
Eeva SyvanenTrustee
Elaine KumpulaTrustee
Ellen HarjuTrustee
Jon JurvaTrustee
Katariina LehtonenTrustee
Kirsi St MarieTrustee
Michel WendellTrustee
Peter MakilaTrustee
Tarja SilvermanTrustee
Teuvo PulkkinenTrustee
Timothy NurvalaTrustee
Jacqueline HarjulaSecretary
Anne-mari PasterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,192,745
Program Service Revenue
$109,599
Investment Income
$773,012
Other Revenue
$107,854
All Other Contributions
$6,192,745
Change in Net Assets
$5,590,472

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,183,210
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-41,472
Total Revenue per Audited Statements
$7,141,738
Total Revenue per Form 990
$7,183,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$749,502
Salaries, Compensation, and Employee Benefits$596,107
Grants and Similar Amounts Paid$247,129
Total Fundraising Expense$65,283
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$210,651$79,901$6,146$296,698
Current Officers, Directors, Trustees, and Key Employees$131,427$49,852$3,835$185,114
Grants to Domestic Orgs$141,118--$141,118
Fees for Services Other$94,788$21,158$3,324$119,270
Grants to Domestic Individuals$106,011--$106,011
Payroll Taxes$64,702$24,542$1,888$91,132
Occupancy$33,773$46,816$3,601$84,190
Fees for Service Investment Mgmnt Fees$51,856$11,575$1,819$65,250
Travel-$50,601$14,555$65,156
Fees for Services Legal$44,977$10,039$1,577$56,593
Office Expenses$19,091$11,338$920$31,349
Depreciation Depletion$9,896$13,719$1,055$24,670
Other Employee Benefits$16,445$6,238$480$23,163
Insurance$12,213$10,037-$22,250
Conferences and Meetings$5,250$11,375$875$17,500
Advertising$7,433$4,636$3,185$15,254
Fees for Services Accounting$11,881$2,652$417$14,950
Other Expenses$30,573$13,300$1,072$13,300
All Other Expenses-$5,017-$5,017
Total Functional Expenses$1,132,425$395,030$65,283$1,592,738

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,604,141
Expenses per Audited Statements$1,592,738
Total Expenses per Form 990$1,592,738
Expenses Not Reported on Form 990$11,403
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Finnfest USAChamplin, MN501(c)(3)Sponsorship for Finnfest$20,700
Concordia College CorporationMoorhead, MN501(c)(3)Scholarships for Students$9,300
New Music DecantedSan Diego, CA501(c)(3)General Support$5,800
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
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 B, Line 11B

“The board of directors review the federal and state information returns with the treasurer of the foundation. The returns are filed upon board approval.”

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

“The policy is discussed and reviewed at all semi-annual board meetings.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon written request to the active treasurer of the foundation.”

Filing and Contact Details

Filer

Filer Name
Finlandia Foundation National Inc
EIN
95-6098250
Phone
6267952081
Address
254 N LAKE AVE 852, PASADENA, CA 91101

Signing Officer

Name
Paivi Tetri
Title
President
Phone
6267952081
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paivi Tetri
Formed
1954
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
18
Employees
16
Volunteers
29

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Amber Rathbun CPA
Phone
5173237500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“The prior period adjustment was made to correct the timing of when pledges and contributions were recognized as revenue.”

Financial Statement Notes

PART X, LINE 2:

“In the preparation of tax returns, tax positions are taken based on interpretation of federal, state, and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state, and local returns generally remain open for examination by taxing authorities for a period of three to four years.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 11,403.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 11,403.”

Raw XML AppendixShowing 400 of 682 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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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
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IRS990/GrantsToOrganizationsInd01
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IRS990/MissionDesc0AS THE PREMIER FINNISH-AMERICAN CULTURAL ORGANIZATION, FINLANDIA FOUNDATION NATIONAL CHAMPIONS A VIBRANT FINNISH-AMERICAN HERITAGE AND LEGACY THAT BUILDS BRIDGES BETWEEN MODERN FINLAND AND THE UNITED STATES, ENABLING PEOPLE OF ALL BACKGROUNDS TO SHARE IN THE TRADITIONS, VALUES, AND SPIRIT OF FINLAND AND FINNISH AMERICA.
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IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
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IRS990/ProgramServiceRevenueGrp/Desc2FAR ADVERTISING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2429
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3429
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt012049
IRS990/ProgSrvcAccomActy2Grp/Desc0FINLANDIA FOUNDATION PROVIDES A NEWSLETTER WITH THE LATEST NEWS FROM THE FOUNDATION, ITS CHAPTERS AND ELSEWHERE IN FINNISH AMERICA AND FINLAND.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt099526
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt073256
IRS990/ProgSrvcAccomActy3Grp/Desc0FINLANDIA FOUNDATION AWARDS FUNDS TO PROJECTS RELATED TO FINNISH-AMERICAN AND FINNISH HISTORY, PRESERVATION, ARTS AND CULTURE. IN 2024 THE ORGANIZATION GRANTED $141,118 TO ORGANIZATIONS AND $106,011 TO INDIVIDUALS.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0247129
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IRS990/PYRevenuesLessExpensesAmt0652555
IRS990/PYSalariesCompEmpBnftPaidAmt0394584
IRS990/PYTotalExpensesAmt01317284

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