Friends Of Norwegian Culture Inc
- Assets
- $615.5k
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Stoughton, WI
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 39-1399209
Organization Overview
Friends Of Norwegian Culture Inc is located in Stoughton, WI. The organization was established in 1994. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Friends Of Norwegian Culture Inc 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, Friends Of Norwegian Culture Inc generated $139.7k 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 $17.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 7 years. 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
PROVIDE EDUCATION ENTERTAINMENT SERVICES TO PROMOTE NORWEGIAN CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION ENTERTAINMENT SERVICES TO PROMOTE NORWEGIAN CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atsuko Trieloff Secretary | OfficerTrustee | 1 | $0 |
Eric Olstad President | OfficerTrustee | 1 | $0 |
Andrea Olson Vice President | OfficerTrustee | 1 | $0 |
Kevin Krabbe Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,526 |
| Total Program Service Revenue | $0 |
| Investment income | $68,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,732 |
| 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 | $0 |
| 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 | $1,670 |
| 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 | $1,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $540 |
| 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 | $204 |
| Insurance | $873 |
| All other expenses | $1,428 |
| Total functional expenses | $17,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,592 |
| Savings and temporary cash investments | $0 |
| 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 | $949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,541 |
| 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 | $615,541 |
| Total liabilities and net assets/fund balances | $615,541 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of Norwegian Culture Inc has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Edwin E And Janet L Bryant Foundation Stoughton, WI PURPOSE: PROGRAM SUPPORT | $26,500 |
Claremont S Jackman Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $1,500 |
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|---|---|---|
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National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
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Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
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The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
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The Germanic-American Institute St Paul, MN | $1,003,743 | $1,467,088 |
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