Independent Order Of Svithiod
- Assets
- $502.6k
- Revenue
- $126.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Niles, IL
- Founding
- 10/1971
- Data as of
- 12/2021
- EIN
- 23-7145631
Organization Overview
Independent Order Of Svithiod is located in Niles, IL. The organization was established in 1971. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Independent Order Of Svithiod is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Independent Order Of Svithiod generated $126.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $229.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Independent Order Of Svithiod has awarded 38 individual grants totaling $764,740. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SCANDINAVIAN HERITAGE, CULTURE, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DONATIONS TO VARIOUS SCANDINAVIAN CULTURAL GROUPS TO ASSIST IN THE PRESERVATION OF THE SCANDINAVIAN HERITAGE, CULTURE, AND EDUCATION.
TO PROVIDE MEDICAL ASSISTANCE PAYMENTS TO SICK MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin Bjorkling Financial Se | Officer | 4 | $595 |
Sherida Magnuson Treasurer | Officer | 6 | $595 |
Rhonda Santang Secretary | Officer | 2 | $595 |
Janet Nelson Chairman | Officer | 5 | $595 |
William Geist Trustee Trea | Officer | 3 | $500 |
Rosemarie Young Secretary Tr | Officer | 1.5 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,875 |
| Total Program Service Revenue | $1,038 |
| Investment income | $72,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $179,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,410 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $19,591 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $124 |
| Total functional expenses | $229,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,168 |
| Savings and temporary cash investments | $37,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $458,066 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,592 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $502,592 |
| Total liabilities and net assets/fund balances | $502,592 |
Grants Awarded
Over the last fiscal year, Independent Order Of Svithiod has awarded $155,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL | | $75,625 |
Roselle, IL | | $23,150 |
Chicago, IL | | $14,600 |
Bishop Hill, IL | | $14,500 |
Chicago, IL | | $14,350 |
Rockford, IL | | $13,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Everence Association Inc Goshen, IN | $407,395,698 | $69,175,767 |
Polish Roman Catholic Union Of America Chicago, IL | $239,198,774 | $70,353,750 |
Western Fraternal Life Association Madison, WI | $648,970,346 | $59,441,063 |
Moose International Inc Mooseheart, IL | $248,875,927 | $60,547,515 |
Police And Firemens Insurance Association Carmel, IN | $255,522,812 | $49,657,782 |
Polish National Alliance Of The United States Of Na Chicago, IL | $443,323,344 | $41,988,128 |
National Mutual Benefit Madison, WI | $0 | $36,708,977 |
Catholic Holy Family Society Belleville, IL | $181,583,154 | $35,335,313 |
Csa Fraternal Life Lombard, IL | $138,191,807 | $24,229,439 |
Kone Inc Moline, IL | $0 | $17,815,569 |
National Catholic Society Of Foresters Schaumburg, IL | $168,779,448 | $18,624,381 |
Western Catholic Union Quincy, IL | $196,139,579 | $14,717,772 |