Icelandic Communities Association
- Assets
- $66.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain, ND
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 30-0104966
Organization Overview
Icelandic Communities Association is located in Mountain, ND. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icelandic Communities Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Icelandic Communities Association generated $26.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $8.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Olafson President | 5 | $0 | |
Shirley Olgeirson Vice President | 5 | $0 | |
George Wright Treasurer | 5 | $0 | |
Judy Geir Secretary | 5 | $0 | |
Kathleen Thorlakson Director | 5 | $0 | |
Dori Kate Heck Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,442 |
| Investment income | $62 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,954 |
| Other Revenue | $0 |
| Total Revenue | $26,409 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $335 |
| Occupancy, rent, utilities, and maintenance | $4,762 |
| Printing, publications, postage, and shipping | $1,215 |
| Other expenses | $547 |
| Total expenses | $8,859 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,711 |
| Other assets | $0 |
| Total assets | $66,335 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loft Inc Minneapolis, MN | $5,784,467 | $2,615,373 |
South Dakota Humanities Council Brookings, SD | $3,298,176 | $991,410 |
Minnesota Center For Book Arts Minneapolis, MN | $760,442 | $920,745 |
Open Book Minneapolis, MN | $4,393,030 | $386,668 |
Missoula Writing Collaborative Missoula, MT | $173,481 | $388,275 |
Minnesota Prison Writing Workshop Saint Paul, MN | $757,779 | $602,346 |
Les Voyageurs Incorporated St Cloud, MN | $169,378 | $0 |
Melvin M Belli Society Roseville, MN | $165,043 | $0 |
Marine Mills Folk School Marine On St Croix, MN | $273,474 | $334,100 |
Tibetan Language Institute Hamilton, MT | $73,623 | $0 |
Disability Motivational Network Blaine, MN | $62,821 | $0 |
Donald G Gardner Humanities Trust Ely, MN | $984,756 | $47,407 |