Sons Of Norway Foundation
EIN: 416054126 · Minneapolis, MN · NTEE: Q200
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $607K |
| Net Assets | $11.7M |
Is Sons Of Norway Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sons Of Norway Foundation
Sons Of Norway Foundation (EIN: 416054126) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code Q200. The organization reported total revenue of $1.4M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sons Of Norway Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sons Of Norway Foundation is a mid-size nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $866K |
| Total Expenses | $607K |
| Surplus / Deficit | +$259K |
| Total Assets | $11.8M |
| Total Liabilities | $74K |
| Net Assets | $11.7M |
| Operating Margin | 29.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 232.5 months |
Financial Health Grade: A
In 2023, Sons Of Norway Foundation reported a surplus of $259K with revenue exceeding expenses, holds 232.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Sons Of Norway Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | -4.8% | +10.7% |
| 2022 | -36.3% | +16.6% | -10.8% |
| 2021 | +107.5% | +6.8% | +19.7% |
| 2020 | -61.8% | -10.2% | +11.6% |
| 2019 | +183.8% | +46.9% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sons Of Norway Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sons Of Norway Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $259K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Sons Of Norway Foundation
Is Sons Of Norway Foundation a legitimate charity?
Sons Of Norway Foundation (EIN: 416054126) is a registered tax-exempt nonprofit based in Minnesota. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Sons Of Norway Foundation spend its money?
Sons Of Norway Foundation reported $1.4M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sons Of Norway Foundation tax-deductible?
Sons Of Norway Foundation is registered as a tax-exempt nonprofit (EIN: 416054126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sons Of Norway Foundation located?
Sons Of Norway Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 416054126. It is classified under NTEE code Q200.
How many years of IRS 990 filings does Sons Of Norway Foundation have?
Sons Of Norway Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Sons Of Norway Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Sons Of Norway Foundation's revenue has grown by 26%, moving from $688K to $866K. Total assets increased by 82.4% over the same period, from $6.4M to $11.8M. Total functional expenses rose by 164%, from $230K to $607K. In its most recent filing year (2023), Sons Of Norway Foundation reported a surplus of $259K, with revenue exceeding expenses. The organization holds $74K in liabilities against $11.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $866K | $607K | $11.8M | $74K | — | — |
| 2022 | $981K | $638K | $10.6M | $100K | — | — |
| 2021 | $1.5M | $547K | $11.9M | $106K | — | View 990 |
| 2020 | $743K | $512K | $10.0M | $90K | — | — |
| 2019 | $1.9M | $570K | $8.9M | $100K | — | View 990 |
| 2018 | $685K | $388K | $7.3M | $113K | — | View 990 |
| 2017 | $446K | $368K | $7.7M | $129K | — | View 990 |
| 2016 | $740K | $366K | $6.8M | $104K | — | View 990 |
| 2015 | $471K | $246K | $6.3M | $127K | — | View 990 |
| 2014 | $688K | $230K | $6.4M | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $866K, expenses of $607K, and assets of $11.8M (revenue -11.7% year-over-year).
- 2022: Revenue of $981K, expenses of $638K, and assets of $10.6M (revenue -36.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $547K, and assets of $11.9M (revenue +107.5% year-over-year).
- 2020: Revenue of $743K, expenses of $512K, and assets of $10.0M (revenue -61.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $570K, and assets of $8.9M (revenue +183.8% year-over-year).
- 2018: Revenue of $685K, expenses of $388K, and assets of $7.3M (revenue +53.6% year-over-year).
- 2017: Revenue of $446K, expenses of $368K, and assets of $7.7M (revenue -39.7% year-over-year).
- 2016: Revenue of $740K, expenses of $366K, and assets of $6.8M (revenue +57.1% year-over-year).
- 2015: Revenue of $471K, expenses of $246K, and assets of $6.3M (revenue -31.5% year-over-year).
- 2014: Revenue of $688K, expenses of $230K, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sons Of Norway Foundation:
Data Sources and Methodology
This transparency report for Sons Of Norway Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.