2021-11-08T15:42:14-07:00 2020-12-31 990 2020-01-01 410547795 SONS OF NORWAY SONS 6128273611 1455 West Lake Street Minneapolis MN 554082666 Erica Oberg Chief Financial Officer 6128214606 2021-11-08 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Christopher Harry Pinkerton 1455 W Lake Street Minneapolis MN 554082666 111317831 0 0108 X www.sonsofnorway.com X Fraternal Benefit Society 1895 MN Sons of Norway operates through its lodge system to promote, preserve, and cherish a lasting appreciation and understanding of the heritage, language, history, and culture of Norway and other Nordic countries while providing fraternal insurance benefits to it members. Through its local lodges and its 501(c)3 charitable foundation, Sons of Norway also provides scholarships and supports community charitable activities. 12 12 53 0 86549 11578 0 0 16061793 21452154 13674914 14225173 440594 126241 30177301 35803568 0 0 22545953 26092736 5036664 5385031 0 0 0 5531069 7022378 33113686 38500145 -2936385 -2696577 345973165 338100815 329724016 326835195 16249149 11265620 The mission of Sons of Norway is to promote and to preserve the heritage and culture of Norway, to celebrate our relationship with other Nordic countries, and to provide quality insurance and financial products to our members. 0 0 36042185 34931699 Life, annuity, and health insurance products for members (15,365 members with insurance) 2457958 897975 Fraternal activities and benefits (52,020 members) 0 0 0 38500143 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 4630 0 1 53 1 1 1 1 CA NO 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X Erica Oberg 6128214602 1455 West Lake Street Minneapolis MN 554082666 Eivind Heiberg Former Chief Executive Officer 0 0 X 597336 0 32916 Chris Pinkerton Chief Operating Officer 40 2 X 383801 0 44592 Erica Oberg Chief Financial Officer 40 2 X 167611 0 27931 Matthew Roedel Director of Sales 40 0 X 179303 0 6145 Constance O'Brien Director Mktg and Comm 40 2 X 174247 0 8895 John Hennen Senior Bus Applications Analyst 40 0 X 157596 0 10392 Rachele Hockert Former Director of Information Technology 40 0 X 142966 0 8481 Lizabeth Halva Director of Admin, HR and Ins Operations 40 0 X 114771 0 33723 Diane Gill Director of Insurance Services 40 0 X 127719 0 19570 Kevin Kruse Former Sr Web Appl Analyst 33 0 X 112815 0 9041 Ron Stubbing President 10.00 X X 12000 0 0 Marci Larson Secretary 10.00 0 X X 8000 0 0 Elaine Nelson Treasurer 10 0 X X 7000 0 0 Mark Agerter Vice President 10 0 X X 6000 0 0 Karl Hella Director 10 0 X 5500 0 0 Chris Hicks Director 10 0 X 5000 0 0 Kenneth Johnson Director 10 0 X 5000 0 0 Steven Halverson Director 10 0 X 5000 0 0 Robin Fossum Director 10 0 X 5000 0 0 Per Mikalsen Director 10 0 X 5000 0 0 Mary Beth Ingvoldstad Director 10 0 X 5000 0 0 Erik Brochmann Director 10 0 X 5000 0 0 2231665 0 201686 10 1 1 0 MN Lake Street Apartments LLC 9757 Juanita Drive NE Ste 300 Kirkland WA 98034 Building Improvements 506906 MSP Communications 901 N 3rd St Suite 195 Minneapolis MN 55401 Publishing 501781 Accountemps PO Box 743295 Los Angeles CA 900743295 Employment Services 232133 Network Microdesigns Corp 100 First Ave NE Ste 117 Cedar Rapids IA 52401 Software Support 168983 Parkway Advisors LP PO Box 5225 Abilene TX 79608 Investment Management 160476 12 0 Premium income 524113 19370691 19370691 0 0 Membership dues 900099 774863 774863 0 0 Amortization of Interest Maintenance Reserve 524113 394293 394293 0 0 Commission on reinsurance ceded 524113 167018 167018 0 0 Considerations for Supplementary Contracts 524113 2714 2714 0 0 742575 656026 86549 0 21452154 13399876 13399876 0 0 0 0 0 0 139728 139728 0 0 0 0 76292954 0 75467657 0 825297 0 825297 825297 0 0 59225 46606 12619 12619 0 0 Realized Gain(Loss) on Foreign Exchange 900099 -26106 -26106 0 0 0 0 0 0 -26106 35803568 35717019 86549 0 0 0 0 26092736 2434116 0 2345100 112297 221956 271562 10800 109513 76179 0 0 254665 536793 61968 1274324 435470 0 270309 31443 0 43006 0 0 100855 97726 Commissions 1982192 Exam and Inspection Fees 68585 Fraternal Promotion 193772 Official Publication 638199 836579 38500145 0 0 0 1249575 1209077 3090572 1405517 16385010 19006979 104504 101929 22652 2575 320928611 310195706 0 0 4296745 6280961 345973165 338100815 1511212 1913559 328212804 324921636 329724016 326835195 X 0 0 0 0 16249149 11265620 16249149 11265620 345973165 338100815 X -2696577 0 0 0 0 -2286952 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 104504 101929 2575 0 0 0 0 2575 0 Certificate and Contract Reserves 303715805 Deposit Type Contracts 16309729 Interest Maintenance Reserve 2515165 Asset Valuation Reserve 1254979 Certificate and Contract Claims Unpaid 890232 Refunds Apportioned for Payment 170762 Unearned Dues 45937 Advance Premiums 19027 324921636 33671792 0 0 0 0 0 33671792 434610 1697166 2131776 35803568 37283730 0 0 0 -781805 -781805 38065535 434610 0 434610 38500145 Schedule D, Part XI, Line 4b Net Realized Capital Gain on sales of Securities 825,297; Realized Loss on Foreign Exchange (26,106); Membership Dues 774,863; Advertising, royalties, convention revenue and other benefit income 169,719; Cost of Goods Sold (46,606); Total Other Revenue 1,697,166. Schedule D, Part XII, Line 2d Net Realized Capital Loss (116,170); Membership dues 774,863; Advertising, Royalties, and other Benefit Income 169,719; Cost of Good Sold (46,606); Total Other Expenses 781,805 Europe (including Iceland and Greenland) 0 0 Program Services Membership 0 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Membership 0 0 0 0 0 0 0 0 0 0 Schedule F, Part I, Line 3 Membership dues received from members outside of the United States $44,827 X 1 1 X 1 1 0 Eivind Heiberg Former Chief Executive Officer 93461 0 68850 0 435025 0 17682 0 15233 0 630251 0 0 0 Chris Pinkerton Chief Operating Officer 362513 0 21288 0 0 0 18400 0 26192 0 428393 0 0 0 Matthew Roedel Director of Sales 158269 0 21034 0 0 0 6145 0 0 0 185448 0 0 0 Constance O'Brien Director Mktg and Comm 153947 0 20300 0 0 0 8895 0 0 0 183142 0 0 0 Erica Oberg Chief Financial Officer 153127 0 14484 0 0 0 7964 0 19967 0 195542 0 0 0 John Hennen Senior Bus Applications Analyst 157596 0 0 0 0 0 9873 0 519 0 167988 0 0 0 Rachele Hockert Former Director of Information Technology 136966 0 6000 0 0 0 8481 0 0 0 151447 0 0 0 Schedule J, Part I, Line 1a It is considered that the presence of a spouse at Sons of Norway events enhances and creates goodwill for the society. The board of directors has established specific guidelines for such travel. Schedule J, Part I, Line 4 a)Eivind Heiberg received severance payments $435,025. b)Eivind Heiberg - 457b plan $15,233. Form 990, Part VI, Section A, Line 6 Sons of Norway is a membership organization. We do not have stockholders. Form 990, Part VI, Section A, Line 7a Members elect delegates to the biennial International Lodge meeting. Those delegates elect members of the Board of Directors, the governing body. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by the CFO. Prior to filing, a copy is sent to each board member. Form 990, Part VI, Section B, Line 12c The annual disclosure statements are reviewed by our legal counsel who reports the finding to the Board of Directors. Form 990, Part VI, Section B, Line 15 The compensation of the CEO is set annually by the Executive Committee of the Board of Directors, subject to approval of the full board. Compensation of other officers are set by the CEO, subject to approval of the Board of Directors. Salary surveys and economic data are used to determine the annual adjustments for both the CEO and other officers. Form 990, Part VI, Section C, Line 19 Governing and conflict of interest documents are maintained at the societies home office and are available for inspection, upon request. Form 990, Part XI, Line 9 Realized gains transferred to interest maintenance reserve (915,365); change in unrealized foreign exchange gain(loss) 33,978; change in non admitted assets (923,336); change in asset valuation reserve (249,074); Change in Permitted Practice (233,160); total other (2,286,957) Schedule B, Part I A one-time donation from a long-time member was received; classified as miscellaneous income on Statement of Operations. Sons of Norway Foundation 1455 West Lake St Minneapolis MN 55408 416054126 Charitable Foundation MN 501(c)3 7 N/A 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 Sons of Norway Foundation n 151506 Allocation of actual expenses Sons of Norway Foundation o 49177 Allocation based on 80% of employee's salary Sons of Norway Foundation q 200683 Expenses pay on behalf of the foundation are reimbursed to Sons. Sons of Norway Foundation r 30511 Transfer of Sons of Norway Foundation donations received in Sons of Norway's bank lockbox and credit card payments. Extension filed.