Norway Hall Of Van Nuys
- Assets
- $394.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Van Nuys, CA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 47-1050551
Organization Overview
Norway Hall Of Van Nuys is located in Van Nuys, CA. The organization was established in 2018. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norway Hall Of Van Nuys is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, Norway Hall Of Van Nuys generated $47.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $37.6k during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MISSION OF NORWAY HALL OF VAN NUYS IS TO PROMOTE AND PRESERVE THE HERITAGE AND CULTURE OF NORWAY, TO CELEBRATE OUR RELATIONSHIP WITH OTHER NORDIC COUNTRIES AND TO HELP EACH OTHER AND THOSE IN THE COMMUNITY IN TIME OF NEED. OUR CURRENT MEMBERSHIP IS 111 MEMBERS WITH MANY ASSOCIATE MEMBERS. SOCIALS ARE HELD MONTHLY WITH THIS PURPOSE IN MIND. FUNDRAISERS ARE HELD TO HELP BENEFIT OUR ORGANIZATION AND CHARITIES THAT BENEFIT NORWEGIAN ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Ovrid President | 4 | $0 | |
Randal Sundeen Vice President | 0.5 | $0 | |
Gary Thorpe Secretary | 0.25 | $0 | |
Olaf Olson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $521 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $47,286 |
| Total Revenue | $47,807 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $21,891 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,683 |
| Total expenses | $37,574 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,581 |
| Other assets | $0 |
| Total assets | $394,581 |
| Total liabilities | $4,600 |
| Net assets or fund balances | $389,981 |