Independent Order Of Svithiod
- Assets
- $412.1k
- Revenue
- $91.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Niles, IL
- Founding
- 10/1971
- Data as of
- 12/2023
- 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 12/2023, Independent Order Of Svithiod generated $91.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $160.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Independent Order Of Svithiod has awarded 50 individual grants totaling $966,015. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin Bjorkling Financial Se | Officer | 4 | $595 |
Sherida Magnuson Treasurer | Officer | 6 | $595 |
Janet Nelson Chairman | Officer | 5 | $595 |
Rhonda Santana Secretary | Officer | 2 | $595 |
Janice Marrs Activ Chair | Officer | 2 | $555 |
William Geist Trustee Trea | Officer | 3 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,690 |
| 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 | $2,690 |
| Total Program Service Revenue | $4,471 |
| Investment income | $60,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,300 |
| 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 | $4,965 |
| 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 | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| 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 | $17,644 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $106 |
| Total functional expenses | $160,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,764 |
| Savings and temporary cash investments | $38,762 |
| 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 | $361,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,092 |
| 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 | $412,092 |
| Total liabilities and net assets/fund balances | $412,092 |
Grants Awarded
Over the last fiscal year, Independent Order Of Svithiod has awarded $90,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH PARK UNIVERSITY | | | $9,000 |
IOS SCHOLARSHIP FUND | | | $10,300 |
BISHOP HILL HERITAGE FOUNDATION | | | $8,450 |
SCANDINAVIAN PARK INC NFP | | | $13,000 |
SWEDISH AMER MUSEUM ASSOC CHICAGO | | | $42,000 |
SWEDISH HISTORICAL SOCIETY ROCKFORD | | | $7,500 |