Norsk Hostfest Association
- Assets
- $744.1k
- Revenue
- $225.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Minot, ND
- Founding
- 10/1979
- Data as of
- 12/2020
- EIN
- 45-0353644
Organization Overview
Norsk Hostfest Association is located in Minot, ND. The organization was established in 1979. 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. As of 12/2020, Norsk Hostfest Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norsk Hostfest 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 12/2020, Norsk Hostfest Association generated $225.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $379.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (29.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RECEIPTS ARE IN CONNECTION WITH AN ANNUAL WEEK-LONG SCANDINAVIAN HERITAGE FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORSK HOSTFEST FALL FESTIVAL ATTENDED BY APPROXIMATELY 52,000 PEOPLE. THE FESTIVAL WAS CANCELLED IN 2020 DUE TO COVID-19.
NORSK HOSTFEST FALL FESTIVAL ATTENDED BY APPROXIMATELY 52,000 PEOPLE. THE FESTIVAL WAS CANCELLED IN 2020 DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Bussard Bookkeeper | Officer | 40 | $22,022 |
Pam Davy Executive Director | Officer | 40 | $497 |
David Reiten President | OfficerTrustee | 15 | $0 |
Karen Krebsbach Secretary | OfficerTrustee | 6 | $0 |
Brent Mattson Treasurer | OfficerTrustee | 1 | $0 |
Mark Tollefson Vice-President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Romeo Entertainment Group Inc Festival Entertainment | 12/30/19 | $867,500 |
Brockwell Us Inc Festival Entertainment | 12/30/19 | $127,212 |
Theatrical Media Services Inc Advertising | 12/30/19 | $122,795 |
Kk Bold Advertising | 12/30/19 | $147,985 |
North Dakota State Fair Building Rent & Rv Park | 12/30/19 | $121,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $104,082 |
| Government grants | $58,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,053 |
| Noncash contributions included in lines 1a–1f | $30,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,706 |
| Total Program Service Revenue | $6,109 |
| Investment income | $4,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,254 |
| 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. | $22,022 |
| Compensation of current officers, directors, key employees. | $22,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,082 |
| Office expenses | $12,830 |
| Information technology | $19,002 |
| Royalties | $0 |
| Occupancy | $6,630 |
| Travel | $288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,430 |
| Interest | $24 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,701 |
| Insurance | $43,751 |
| All other expenses | $33,477 |
| Total functional expenses | $379,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,402 |
| Savings and temporary cash investments | $1,704 |
| Pledges and grants receivable | $3,954 |
| Accounts receivable, net | $769 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,249 |
| Prepaid expenses and deferred charges | $26,340 |
| Net Land, buildings, and equipment | $26,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $571,729 |
| Total assets | $744,123 |
| Accounts payable and accrued expenses | $28,807 |
| Grants payable | $0 |
| Deferred revenue | $1,850 |
| 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 | $1,343 |
| Total liabilities | $32,000 |
| Net assets without donor restrictions | $144,544 |
| Net assets with donor restrictions | $567,579 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $744,123 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norsk Hostfest Association has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Swedish Institute Minneapolis, MN | $53,674,080 | $22,744,075 |
First Peoples Fund Rapid City, SD | $11,478,942 | $11,058,456 |
Coalition Of Asian American Leaders St Paul, MN | $4,205,998 | $3,284,074 |
National Native American Boarding School Healing Coalition Minneapolis, MN | $8,382,833 | $1,366,565 |
Black Hills Badlands & Lakes Association Rapid City, SD | $1,241,083 | $1,774,171 |
The Germanic-American Institute St Paul, MN | $1,003,743 | $1,467,088 |
Blackhawks Of St Paul St Paul, MN | $194,784 | $1,434,871 |
Native American Community Development Institute Minneapolis, MN | $2,572,714 | $2,143,377 |
Ka Joog Non Profit Organization Minneapolis, MN | $518,800 | $1,454,173 |
Norway House Minneapolis, MN | $14,269,923 | $2,850,328 |
Alliance Francaise Of The Twin Cities Minneapolis, MN | $3,881,484 | $1,545,916 |
Ragamala Dance Minneapolis, MN | $767,697 | $1,221,036 |