Sons Of Norway

Organization Overview

Sons Of Norway is located in Minneapolis, MN. The organization was established in 1940. 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 12/2023, Sons Of Norway employed 42 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sons Of Norway 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, Sons Of Norway generated $25.3m 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 (5.1%) each year. All expenses for the organization totaled $29.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SONS OF NORWAY OPERATES THROUGH ITS LODGE SYSTEM TO PROMOTE, PRESERVE, AND CHERISH A LASTING APPRECIATION AND UNDERSTANDING OF THE HERITAGE, LANGUAGE, HISTORY, AND CULTURE OF (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIFE, ANNUITY, AND HEALTH INSURANCE PRODUCTS FOR MEMBERS


FRATERNAL ACTIVITIES AND BENEFITS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Griffith Ballard
Acturial Services
$213,617
Greenspring Media
Publishing
$129,616
Rsm Us Llp
Audit Services
$122,850
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
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$0
Total Program Service Revenue$19,520,925
Investment income $7,853,741
Tax Exempt Bond Proceeds $0
Royalties $21,933
Net Rental Income $0
Net Gain/Loss on Asset Sales -$453,926
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$146
Miscellaneous Revenue$0
Total Revenue $25,258,094

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