Nordic Northwest
- Assets
- $8.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Portland, OR
- Founding
- 10/1986
- Data as of
- 03/2024
- EIN
- 93-0901132
Organization Overview
Nordic Northwest is located in Portland, OR. The organization was established in 1986. 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 03/2024, Nordic Northwest employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nordic Northwest 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 03/2024, Nordic Northwest generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.6m during the year ending 03/2024. While expenses have increased by 7.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
NORDIC NORTHWEST IS A NON-PROFIT CORPORATION FOCUSED ON THE FIVE NORDIC NATIONS OF DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN. THE MISSION OF NORDIC NORTHWEST IS TO HIGHLIGHT, HONOR, EDUCATE, COMMUNICATE, PROMOTE, AND CELEBRATE NORDIC CULTURE AND TRADITIONS, ANCESTRAL, MODERN AND CONTEMPORARY. ALSO TO PROVIDE VALUE AND SERVE MEMBERS BY DEVELOPING AND MAKING AVAILABLE AND ACCESSIBLE NORDIC CULTURAL AND EDUCATIONAL PROGRAMMING THAT IS RICH, AUTHENTIC, AND FORWARD LOOKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CULTURAL CENTER AND FOUR-ACRE CAMPUS WAS A THRIVING HUB WITH 155,281 PARTICIPANTS (DUPLICATED) AND VISITORS ENGAGED IN OUR EXHIBITS, PROGRAMS, FESTIVALS AND ENJOYING NORDIC CUISINE. NORDIC NORTHWEST PRESENTED A RANGE OF PROGRAMMING WITH 184 CULTURAL PROGRAMS AND FIVE EXHIBITS. PROGRAMMING INCLUDED FILMS, PERFORMANCE, LECTURES, CLASSES, AND WORKSHOPS FOCUSED ON THE HISTORY, CULTURE, ARTS, SCIENCE, CUISINE, AND TECHNOLOGY OF THE FIVE NORDIC COUNTRIES: DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN.A HIGHLIGHT INCLUDES THE INSTALLATION OF A LARGE FREE PUBLIC ART EXHIBIT, OUR TROLL, OLE BOLLE, CREATED BY DANISH ARTIST THOMAS DAMBO. FASHIONED ENTIRELY OUT OF RECYCLED MATERIALS, THE ART INSTALLATION TURNED TRASH INTO A TREASURED TROLL WHO TELLS A TALE OF PROTECTING NATURE AND HONORING OUR LAND. OLE BOLLE ATTRACTED AN ESTIMATED 79,495 VISITORS TO THE NORDIC NORTHWEST CAMPUS. OLE BOLLE'S INFLUENCE HAS SPARKED INTEREST IN EDUCATIONAL PROGRAMMING, WITH NORDIC NORTHWEST NOW HELPING SCHOOLS AND ORGANIZATIONS ARRANGE FIELD TRIPS TO THE CAMPUS. THESE VISITS AIM TO EDUCATE VISITORS ON SUSTAINABILITY AND ENVIRONMENTAL CARE WHILE ENCOURAGING A SENSE OF CREATIVITY AND INNOVATION. OVERALL, THE ARRIVAL OF OLE BOLLE HAS SPARKED A POSITIVE TRANSFORMATION ON THE NORDIC NORTHWEST CAMPUS, BRINGING TOGETHER PEOPLE FROM ALL WALKS OF LIFE TO CELEBRATE ART, CULTURE, AND THE ENVIRONMENT. NORDIC NORTHWEST SAW A LARGE INCREASE IN NEW VISITORS AND ATTENDEES FOR 2024 PROGRAMMING. NEW PROGRAMS WERE INTRODUCED INCLUDING A TROLL MOVIE NIGHT SERIES, YOUTH COMIC CLASSES, A MOBILE SAUNA, AND A TRIVIA NIGHT. COLLABORATION WITH NORDIC NORTHWEST VOLUNTEER PROGRAM COMMITTEES CONTINUES TO HOST BUS TRIPS, FOGELBO TOURS, AND CUISINE PROGRAMS.
VARIOUS PROGRAMS FOCUSED ON NORDIC HERITAGE
SCANFAIR WAS ENJOYED BY A RECORD BREAKING 8,052 GUESTS AT THE OREGON CONVENTION CENTER WHERE THEY EXPERIENCED THE SIGHTS, SOUNDS, TASTES AND TRADITIONS OF A NORDIC CHRISTMAS MARKET.
AT THE SECOND ANNUAL VIKING BEER FEST 2,059 GUESTS EMBARKED ON A MESMERIZING JOURNEY TO THE HEART OF VIKING HERITAGE, WHERE FROTHY BREWS AND NORDIC TRADITIONS MELD INTO A SINGULAR, UNFORGETTABLE EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter H Loop President | OfficerTrustee | 8 | $0 |
John A Nelson Immediate Past President | OfficerTrustee | 8 | $0 |
Brady Jensen Vice President | OfficerTrustee | 5 | $0 |
Grethe A Larson Secretary | OfficerTrustee | 8 | $0 |
Sonja L Haugen Treasurer | OfficerTrustee | 8 | $0 |
Dirk Schulbach Member At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $573,657 |
| Noncash contributions included in lines 1a–1f | $73,594 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $904,822 |
| Total Program Service Revenue | $430,976 |
| Investment income | $67,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400,760 |
| Net Gain/Loss on Asset Sales | $1,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,807,524 |
| 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. | $156,424 |
| Compensation of current officers, directors, key employees. | $19,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,972 |
| Pension plan accruals and contributions | $27,969 |
| Other employee benefits | $43,318 |
| Payroll taxes | $66,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,308 |
| Fees for services: Accounting | $14,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,818 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $683 |
| Advertising and promotion | $7,234 |
| Office expenses | $149,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $217,442 |
| 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 | $183,398 |
| Insurance | $22,323 |
| All other expenses | $38,259 |
| Total functional expenses | $1,616,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,737 |
| Savings and temporary cash investments | $247,498 |
| Pledges and grants receivable | $141,750 |
| Accounts receivable, net | $18,580 |
| 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 | $10,266 |
| Net Land, buildings, and equipment | $4,803,401 |
| Investments—publicly traded securities | $2,614,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,271 |
| Total assets | $8,441,572 |
| Accounts payable and accrued expenses | $120,597 |
| Grants payable | $0 |
| Deferred revenue | $118,383 |
| 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 | $238,980 |
| Net assets without donor restrictions | $7,434,012 |
| Net assets with donor restrictions | $768,580 |
| 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 | $8,441,572 |