SONS OF NORWAY FOUNDATION

EIN: 416054126 501(c)(3) International Affairs

Minneapolis, MN

Total Revenue
$589,902
Total Expenses
$649,017
Total Assets
$12,484,622
Net Assets
$12,409,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
MN
Principal Officer
Daniel Seyfried
Phone
6128273611
Tax Period
2024-01-01 to 2024-12-31

SONS OF NORWAY FOUNDATION, founded in 1966, is a small nonprofit in the International Affairs sector that reported $590K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $649K exceeded revenue, resulting in a 10% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $207,101
Program Service Revenue $0
Investment Income $382,801
Other Revenue $0
TOTAL REVENUE $589,902

Expense Breakdown

Grants Paid $281,155
Salaries & Benefits $242,895
Fundraising Expenses $101,915
Program Expenses $448,697
Other Expenses $124,967
TOTAL EXPENSES $649,017

Year-over-Year Comparison

2024 2023 Change
Revenue $589,902 $866,401 -0.3%
Expenses $649,017 $607,078 +0.1%
Net Income $-59,115 $259,323 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$478,438
Total Directors
9
$477,438
Key Employees
2
$271,931
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Seyfried CEO 1
Officer Director
$0 $22,503 $293,964
Constance O'Brien Director of Foundation Development 5
Key Emp
$0 $6,827 $177,944
Christopher Pinkerton President and CEO 1
Officer Director
$0 $24,170 $171,474
Amy Tuchenhagen Foundation Director 39
Key Emp
$0 $30,051 $93,987
Ronald Stubbings SON Board President 2
Director
$0 $0 $12,000
Robin Fossum Director 2
Officer
$0 $0 $8,000
Claudia Berg Director 2
Officer
$0 $0 $5,000
Mervin Eriksson Chair 2
Officer Director
$0 $0 $0
Marci Larson Secretary 2
Officer Director
$0 $0 $0
Darrin Lee Treasurer 2
Officer Director
$0 $0 $0
Jon Tehven Vice Chair 2
Officer Director
$0 $0 $0
Faye Auchenpaugh Director 2
Director
$0 $0 $0
Fred Hymans Director 2
Director
$0 $0 $0
Ernest Fosse Director 2
Officer
$0 $0 $0
Elaine Nelson Director 2
Officer
$0 $0 $0
Kenneth Johnson Director 2
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $589,902 $649,017 $12,484,622 $-59,115
2023 $866,401 $607,078 $11,760,032 $259,323
2022 $981,213 $637,953 $10,627,129 $343,260
2021 $1,541,560 $547,221 $11,913,541 $994,339
2020 $742,757 $512,174 $9,954,535 $230,583
2018 $685,103 $388,207 $7,262,727 $296,896
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