2018-10-26T11:08:56-07:00 2017-12-31 990 2017-01-01 410547795 SONS OF NORWAY SONS 6128273611 1455 West Lake Street Minneapolis MN 554082666 Eivind Heiberg Chief Executive Officer 6128214606 2018-10-26 96.75.139.241 2017 2018-06-14 16:35:46Z Eivind J Heiberg 1455 West Lake St Minneapolis MN 55405 83884554 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 58 0 113915 0 0 0 26911203 23569641 17260249 15500551 320486 -1429655 44491938 37640537 0 0 33032841 31173595 3434242 3755562 0 0 0 5384132 5050652 41851215 39979809 2640723 -2339272 363901744 361209898 348886232 347637108 15015512 13572790 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 37506137 36606518 Life, annuity, and health insurance products for members (12,630 members with insurance). 2473672 1034019 Fraternal activities and benefits (44,932 members). 0 0 0 39979809 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 4971 0 1 58 1 1 1 1 CA NO 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 Dean D Nelson 6128214634 1455 W Lake St Minneapolis MN 55408 Jon Tehven President 10 4 X X 10000 0 0 Ronald Stubbings Vice President 10 0 X X 3500 0 0 Marcia Larson Secretary 10 0 X X 6000 0 0 Elaine Nelson Treasurer 10 0 X X 5000 0 0 Karl Hella Director 10 0 X 3000 0 0 Mark Agerter Director 10 0 X 3000 0 0 Kenneth Johnson Director 10 0 X 3000 0 0 Steven Halverson Director 10 0 X 3000 0 0 Jon Grinde Director 10 0 X 3000 0 0 L Roger Espeland Director 10 0 X 3000 0 0 Gloria Benazic Director 10 0 X 3000 0 0 Odd Harald Olsen Director 10 0 X 3500 0 0 Eivind Heiberg Chief Executive Officer 50 2 X 542435 0 19213 Leonard Carlson Director of Agencies 50 0 X 171529 0 10272 Dean D Nelson Controller 50 2 X 155340 0 9625 Dean Stiller Actuary 50 2 X 178246 0 22707 Rachele Hockert Director of Information Technology 50 0 X 133756 0 11624 Linda Pederson Fraternal Director 50 0 X 120642 0 9169 Diane Gill Director of Insurance Services 50 0 X 123865 0 28372 Kenneth Thul Advanced Financial Consultant 50 0 X 123485 0 7320 Kevin Kruse Senior Web Applications Analyst 35 0 X 106512 0 4333 John Hennen Senior Business Application Analyst 50 0 X 137526 0 6981 1842336 0 129616 10 0 1 0 MSP Communications 220 S Sixth St Suite 500 Minneapolis MN 55402 Publishing the member magazine 486365 BTC Capital Management 453 Seventh St Des Moines IA 50309 Investment management 265564 Fafinski Mark & Johnson PA 775 Prairie Center Dr Eden Prairie MN 55344 Legal counsel 127872 3 0 Premium income 524113 20239712 20239712 0 0 Membership dues 900099 896336 896336 0 0 Amortization of Interest Maintenance Reserve 524113 1928884 1928884 0 0 Commission on reinsurance ceded 524113 197247 197247 0 0 Consierations for supplementary contracts 524113 166923 166923 0 0 140539 26624 113915 0 23569641 15228706 15228706 0 0 0 0 0 0 36408 36408 0 0 818501 0 907160 0 -88659 0 -88659 -88659 0 0 45584465 0 45312620 0 271845 0 271845 271845 0 0 29211 24237 4974 4974 0 0 Write down carrying value of investments 524113 -1382378 -1382378 0 0 0 0 0 0 -1382378 37640537 37526622 113915 0 31173595 1611874 1662128 61886 204739 214935 35633 136259 33000 277414 120865 42775 670045 286849 387279 228919 240003 280884 95568 Commissions 1228954 Examination fees and inspection reports 90632 Fraternal promotion 105074 Official publication 599711 190788 39979809 0 0 0 -492779 -309475 2235413 4630278 5948814 4433300 12347808 5342995 7191590 7004813 341977739 340496889 3000663 1000000 4040304 3954093 363901744 361209898 1617612 1557918 347268620 346079190 348886232 347637108 X 0 0 0 0 15015512 13572790 15015512 13572790 363901744 361209898 X -2339272 0 0 0 0 896550 X 0 1 X 1 0 505807 0 505807 11699455 0 5255653 6443802 0 0 0 0 142546 0 87342 55204 0 0 0 0 7004813 Certificate and contract reserves 324350091 Certificate and contract claims unpaid 655438 Deposit type contracts 16321943 Refunds apportioned for payment 152267 Advance premiums 13647 Interest maintenance reserve 3476430 Asset valuation reserve 1058000 Unearned dues 51374 346079190 37144440 0 0 0 0 0 37144440 572612 -76515 496097 37640537 39710207 0 0 0 303009 303009 39407198 572611 0 572611 39979809 Schedule D, Part XI, Line 4b Net Realized Capital gains on Sales of Securities 271,845; write down carrying value of investments (1,382,378); membership dues 896,336; advertising, royalties, convention revenue and other benefit income 161,919; cost of goods sold (24,237). Total Other (76,515). Schedule D, Part XII, Line 2d Net realized capital loss (1,337,026); membership dues 896,336;advertising, royalties, and other benefit income 161,919; cost of goods sold (24,237). Total other 303,009 Europe (including Iceland and Greenland) 0 0 Program Services Membership dues 0 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Membership dues 0 0 0 0 0 0 0 0 0 0 Schedule F, Part I, Line 3 Total membership dues received from members outside the United States is $62,809. X 1 1 X X 0 1 0 Eivind Heiberg Chief Executive Officer 381750 0 41362 0 101323 0 35550 0 1663 0 561648 0 0 0 Leonard Carlson Director of Agencies 134428 0 12747 0 23205 0 9140 0 2281 0 181801 0 0 0 Dean Stiller Actuary 141450 0 7152 0 36831 0 9409 0 6111 0 200953 0 0 0 Dean D Nelson Controller 119188 0 7152 0 28750 0 7962 0 1912 0 164964 0 0 0 Diane Gill Director of Insurance Services 117475 0 11567 0 3432 0 7636 0 12127 0 152237 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 $18,000 Form 990, Part VI, Section A, Line 6 Sons of Norway is a membership organization. It does not have stockholders. Form 990, Part VI, Section A, Line 7a Members elect delegates to the biennial International Lodge meeting. Those delegates elect the members of the Board of Directors, the governing body. Form 990, Part VI, Section B, Line 11b Form 990 was reviewed by the Controller. Prior to filing, a copy was sent to each board member. Form 990, Part VI, Section B, Line 12c The annual disclosure statements referred to in 12b 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 is 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 Society's home office and are available for inspection upon request. Form 990, Part XI, Line 9 Realized gains transferred to interest maintenance reserve (226,493); change in unreal foreign exchange gain(loss); (7,824); change in non admitted assets 235,479; change in asset valuation reserve 895,390; total other change 896,550. 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 o 91901 Allocation of salary and benefit cost. extension granted on Form 8868.