Lars & Sven Foundation
- Assets
- $723.0
- Revenue
- $2.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Vernon, NJ
- Founding
- Data as of
- 03/2023
- EIN
- 83-4278628
Organization Overview
Lars & Sven Foundation is located in Vernon, NJ. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lars & Sven Foundation 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 03/2023, Lars & Sven Foundation generated $2.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.8k during the year ending 03/2023. While expenses have increased by 0.4% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL WINTERNIGHTS VIKING FESTIVAL - OUR MAIN EVENT HELD ANNUALLY TO HONOR SHARE LEARN AND PROMOTE VIKINGS AND EARLY NORSE CULTURE AND BELIEFS. DONATIONS FROM IT GO TO THE NORTHERN NJ VETERANS MEMORIAL CEMETERY AND TO OUR FOUNDATION SO THAT IT CAN CONTINUE TO HOLD THIS AND OTHER ACTIVITIES. THIS YEAR WE WERE ABLE TO PROVIDE A DONATION OF $314 TO NNJVMC. A VIKING ENCAMPMENT WAS BUILT INCLUDING A FORGE AN IRON SMELTING FURNACE A LONGHOUSE FIRE PIT AND A HAND GRAIN MILL FOR GRINDING BERRIES AND GRAINS. EDUCATIONAL EXHIBITS AND LEAFLETS WERE PROVIDED INCLUDING 3 REPLICA RUNESTONE MONUMENTS A LARGE YGGDRASIL MURAL MULTIPLE TAPESTRIES A LARGE BANNER WITH VIKING RUNES ALPHABET ON IT ALONG WITH MULTIPLE REPLICA ARTIFACTS SUCH AS AXES WOODEN WEDGES AND LARGE WOODEN MALLETS THAT WERE USED TO SPLIT LOGS THEN TRIM THEM DOWN TO MAKE LONG SHIPS. EDUCATIONAL TALKS AND DISCUSSIONS WERE HELD AS WELL AS VIKING FIGHTING REENACTMENTS. CHILDREN'S AREA WITH ACTIVITIES WAS SET UP.
WE ADDED TO OUR COMMUNITY GOALS THIS YEAR BY HOLDING TWO MARSHMALLOW MADNESS EVENTS. THE FIRST WAS HELD ON 11 26 WITH THE SECOND ON 12 29. UTILIZING THE FIRE PIT FROM WNF WE WERE ABLE TO BURN AVAILABLE LOGS PROVIDE SKEWERS AND MARSHMALLOWS AS WELL AS SEATING FOR FAMILIES OR INDIVIDUALS TO MEET ROAST MARSHMALLOWS AND SHARE STORIES AND TALES WITH OTHERS.
TOWNSHIP MEMORIAL DAY PARADE HOSTED BY OUR LOCAL VFW POST WAS HELD AGAIN THIS YEAR. WE RECORDED IT ON TWO SEPARATE VIDEO CAMERAS COMBINED AND EDITED THE VIDEO RECORDINGS AND THEN UPLOADED THE FINAL VIDEO FOR VIEWING BY RESIDENTS UNABLE TO ATTEND OR ANYONE ELSE VIA YOUTUBE WITH LINKS TO IT ON OUR WEBSITE.
WE ATTENDED SCANFEST A LARGE NON-PROFIT EVENT AT BUDD LAKE. THIS EVENT SHARES AND PROMOTES SCANDINAVIAN CULTURE AND HERITAGE. WE WERE ONE OF MANY NON-PROFIT SCANDINAVIAN ORGANIZATIONS AT IT IN ADDITION TO THE ORGANIZATION THAT HOSTS IT. OUR TABLE AREA INCLUDED INFORMATION ABOUT WNF AND OTHER ACTIVITIES WE PROVIDE. WE ALSO BROUGHT VIKING REPLICA ARTIFACTS LEAFLETS AND BOOKS EXAMPLES OF VIKING BREAD AND THE LIMESTONE GRAIN GRINDING HAND MILL. A DONATION BOX WAS PUT OUT FOR ATTENDEES. THIS EVENT ATTRACTS ABOUT 10K VISITORS WHICH ALLOWS US TO SHOWCASE VIKING CULTURE AND MORE TO MANY IN A VENUE DESIGNED SPECIFICALLY FOR THAT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudolph Martinsen Trustee | 0 | $0 | |
Maria Bazzone Trustee | 0 | $0 | |
Carolyn Liss Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,654 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,128 |
| Total operating and administrative expenses | $2,482 |
| Contributions, gifts, grants paid | $314 |
| Total expenses and disbursements | $2,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $462 |
| Total assets | $723 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |