Independent Order Of Vikings
- Assets
- $1.2m
- Revenue
- $264.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Muskegon, MI
- Founding
- 11/1941
- Data as of
- 12/2021
- EIN
- 23-7164035
Organization Overview
Independent Order Of Vikings, operating under the name Vikings, is located in Muskegon, MI. The organization was established in 1941. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Vikings employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Vikings 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, Vikings generated $264.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $326.7k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS OF SCANDINAVIAN DECENT WITH INSURANCE AND A PHYSICAL PLANT FOR MEETINGS AND SOCIAL ACTIVITIES. TO PROMOTE THE CUSTOMS AND LANGUAGE OF THE PROPLE OF THE SCANDINAVIAN COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHOLE LIFE INSURANCE WAS SOLD, PREMIUMS WERE COLLECTED AND SUBMITTED TO THE GRAND LODGE TO BE PAID TO THE INSURANCE CARRIER. SCHOLARSHIPS WERE AWRARDED TO JUNIOR VIKINGS TO PURSUE HIGHER EDUCATION AFTER OBTAINING A HIGH SCHOOL DEGREE. A PHYSICAL PLANT WAS EXPANDED AND MAINTAINED FOR APPROXIMATELY 1,600 MEMBERS FOR MEETINGS AND SOCIAL ACTIVITIES TO PROMOTE FATERNALISM AND PATERNALISM.
WHOLE LIFE INSURANCE WAS SOLD, PREMIUMS WERE COLLECTED AND SUBMITTED TO THE GRAND LODGE TO BE PAID TO THE INSURANCE CARRIER. SCHOLARSHIPS WERE AWRARDED TO JUNIOR VIKINGS TO PURSUE HIGHER EDUCATION AFTER OBTAINING A HIGH SCHOOL DEGREE. A PHYSICAL PLANT WAS EXPANDED AND MAINTAINED FOR APPROXIMATELY 1,600 MEMBERS FOR MEETINGS AND SOCIAL ACTIVITIES TO PROMOTE FATERNALISM AND PATERNALISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Larsen Financial Se | Officer | 5 | $5,569 |
Britt Hichue Treasurer | Officer | 5 | $4,101 |
Christine Grinnell Membership C | Officer | 5 | $2,196 |
Dina Butler Recording Se | Officer | 5 | $1,844 |
Lorna Cassidy Outer Gaurd | Officer | 1 | $0 |
Lee Jensen Auditor | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,140 |
| 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 | $73,140 |
| Total Program Service Revenue | $23,068 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,694 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,273 |
| Net Income from Gaming Activities | $51,827 |
| Net Income from Sales of Inventory | $81,203 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $13,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,718 |
| Office expenses | $13,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,625 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $109,775 |
| Insurance | $10,646 |
| All other expenses | $0 |
| Total functional expenses | $326,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,687 |
| Savings and temporary cash investments | $5 |
| 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 | $13,781 |
| Prepaid expenses and deferred charges | $9,465 |
| Net Land, buildings, and equipment | $501,334 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,219,272 |
| Accounts payable and accrued expenses | $11,835 |
| 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 | $11,835 |
| 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 | $1,207,437 |
| Total liabilities and net assets/fund balances | $1,219,272 |
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