2020-11-10T17:09:16-07:00 2019-12-31 990 2019-01-01 410547795 SONS OF NORWAY SONS 6128273611 1455 West Lake Street Minneapolis MN 554082666 Erica Oberg Chief Financial Officer 6128214606 2020-11-10 73.5.188.41 2019 2021-04-22 16:20:28Z Christopher Harry Pinkerton 1455 W Lake Street Minneapolis MN 554082666 30927176 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 68 0 107256 0 0 0 18250576 16061793 14445090 13674914 12630397 440594 45326063 30177301 0 0 24548026 22545953 4382217 5036664 0 0 0 5122093 5531069 34052336 33113686 11273727 -2936385 359983450 345973165 340304204 329724016 19679246 16249149 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 30735282 29260383 Life, annuity, and health insurance products for members (13,035 members with insurance) 2378404 916918 Fraternal activities and benefits (49,569 members) 0 0 0 33113686 0 0 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 3122 0 1 68 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 Chief Executive Officer 50 2.00 X 496905 0 38424 Chris Pinkerton Chief Operating Officer 50 2 X 308529 0 31895 Dean Stiller Actuary 50 2 X 145767 0 19264 Erica Oberg Chief Financial Officer 50 2 X 137269 0 18602 John Hennen Senior Bus Applications Analyst 50 0 X 145894 0 9413 Diane Gill Director of Insurance Services 50 0 X 127486 0 23766 Rachele Hockert Director of Information Technology 50 2 X 126405 0 20752 Constance O'Brien Director Mktg and Comm 50 2 X 134746 0 5383 Mark Hellickson National Sales Manager 50 0 X 116763 0 7155 Leonard Carlson Director of Agencies 50 X 115974 0 7786 Ron Stubbing President 10 X X 10000 0 0 Marci Larson Secretary 10 0 X X 6000 0 0 Elaine Nelson Treasurer 10 0 X X 5000 0 0 Mark Agerter Vice President 10 0 X X 3500 0 0 Karl Hella Director 10 X 3500 0 0 Chris Hicks Director 10 X 3000 0 0 Kenneth Johnson Director 10 X 3000 0 0 Steven Halverson Director 10 X 3000 0 0 Robin Fossum Director 10.00 X 3000 0 0 Per Mikalsen Director 10 0 X 3000 0 0 Mary Beth Ingvoldstad Director 10 X 3000 0 0 Erik Brochmann Director 10 X 3000 0 0 1904738 0 182440 11 0 1 0 Bankers Trust Company 453 7th Street Box 898 Des Moines IA 50304 Investment Management 128401 Fafinski Mark & Johnson PA 775 Prairie Center Drive Suite 400 Eden Prairie MN 55344 Legal Services 174678 6161 Wooddale Properties 9855 West 78th Street Suite 100 Eden Prairie MN 55344 Rent 259688 MN Lake Street Apartments LLC 9757 Juanita Drive NE Ste 300 Kirkland WA 98034 Deposit Base Building Improvements 440703 MSP Communications 220 South Sixth Street Suite 500 Minneapolis MN 55402 Publishing 487358 7 0 Premium Income 524113 14305456 14305456 0 0 Membership Dues 900099 793661 793661 0 0 Amoritization of Interest Maintenance Reserve 524113 573515 573515 0 0 Commission on Reinsurance Ceded 524113 204434 204434 0 0 Considerations for Supplementary Contracts 524113 51759 51759 0 0 132968 25712 107256 0 16061793 13809330 13809330 0 0 0 0 0 0 793622 793622 0 0 0 0 562839 0 697255 0 -134416 0 -134416 -134416 0 0 51683 52620 -937 -937 0 0 Writedown Carrying Value of Investments 524113 -352091 -352091 0 0 0 0 0 0 -352091 30177301 30070045 107256 0 22545953 2405750 0 2074865 104883 165149 286017 134952 186702 58600 243749 176161 64827 770767 469137 270813 167420 44515 100148 96225 Commissions 1182626 Exam and Inspection Fees 89530 Fraternal Promotion 135170 Official Publication 634733 704994 33113686 0 0 0 -187693 1249575 3268716 3090572 6864802 16385010 184052 161400 54022 22652 345829897 320928611 0 0 4153706 4296745 359983450 345973165 1275253 1511212 339028951 328212804 340304204 329724016 X 0 0 0 0 19679246 16249149 19679246 16249149 359983450 345973165 X -2936385 0 0 0 0 -493712 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 184052 161400 22652 0 0 0 0 22652 0 Certificate of Contract Reserves 308063807 Certificate of Contract Claims Unpaid 561285 Deposit Type Contracts 16360131 Refunds Apportioned for Payment 165861 Advance Premiums 17571 Interest Maintenance Reserve 1994094 Asset Valuation Reserve 1005904 Unearned Dues 44151 328212804 29342900 0 0 0 0 0 29342900 403990 430411 834401 30177301 32532535 0 0 0 -177161 -177161 32709696 403990 0 403990 33113686 Schedule D, Part XI, Line 4b Net Realized Capital Loss on sales of Securities (134,416); Write Down Carrying Value of Investments (352,091); Membership Dues 793,661; Advertising, royalties, convention revenue and other benefit income 175,877; Cost of Goods Sold (52,620); Total Other Revenue 430,411. Schedule D, Part XII, Line 2d Net Realized Capital Loss (739,757); Membership Dues 793,661; Advertising, Royalties, and Other Benefits Income 175,877; Cost of Good Sold (52,620); Total Other Expenses 177,161. 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 $59,576 X 1 1 X 0 1 0 Eivind Heiberg Chief Executive Officer 404234 0 60150 0 14863 0 37075 0 1349 0 517671 0 0 0 Chris Pinkerton Chief Operating Officer 297115 0 24900 0 0 0 11200 0 14032 0 347247 0 0 0 Dean Stiller Actuary 149341 0 2650 0 0 0 9682 0 3854 0 165527 0 0 0 Erica Oberg Chief Financial Officer 140652 0 5820 0 0 0 5481 0 9219 0 161172 0 0 0 Diane Gill Director of Insurance Services 124029 0 11600 0 0 0 8137 0 7398 0 151164 0 0 0 John Hennen Senior Bus Applications Analyst 145443 0 150 0 0 0 9226 0 0 0 154819 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 Eivind Heiberg 457b plan $19,000 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 findings 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(42,502); change in unrealized foreign exchange gain(loss)(1,662); change in non admitted assets (656,797); change in asset valuation reserve 207,250; total other (493,711) 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 75679 Allocation of actual expenses Sons of Norway Foundation o 64070 Allocation based on 80% of employee's salary. Sons of Norway Foundation q 139749 Expenses pay on behalf of the foundation are reimbursed to Sons. Sons of Norway Foundation r 32813 Transfer of Sons of Norway Foundation donations received in Sons of Norway's bank lockbox and credit card payments. Extension granted.