2013-08-13T16:32:37-07:00 2012-12-31 990 2012-01-01 410547795 SONS OF NORWAY SONS 6128273611 1455 West Lake Street Minneapolis MN 554082666 Lee Goranson 6128214603 2013-06-14 2012 2016-02-25 16:41:14Z Lee D Goranson 1455 West Lake Street Minneapolis MN 55408 80298899 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 51 0 140806 0 0 0 30664247 26058151 16801286 18221866 407373 341011 47872906 44621028 0 0 39119642 34284785 2878374 2857446 0 0 0 5172946 5097113 47170962 42239344 701944 2381684 325776265 337042305 318072981 329165840 7703284 7876465 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. 0 0 39883091 0 43377716 Life, annuity, and health insurance products for members (14,825 members with insurance). 2356253 0 1243312 Fraternal activities and benefits (52,574 members). 0 0 0 42239344 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 5097 0 1 51 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 Lee D Goranson 6128214603 1455 W Lake St Minneapolis MN 55408 Marit Kristiansen 20 4 X X 2750 0 0 Ralph Peterson 10 0 X X 0 0 0 Jon Tehven 10 0 X X 2750 0 0 William Fosmoe 10 0 X X 2750 0 0 Ernst Granly 10 0 X 2500 0 0 Mary Jane Kelly 10 0 X 2500 0 0 Raymond Knutson 10 0 X 2500 0 0 Elaine Nelson 10 0 X 2500 0 0 Erlene Stevenson 10 0 X 2500 0 0 Ronals Stubbings 10 0 X 2500 0 0 Marci Larsen 10 0 X 0 0 0 Robert Hoover 10 0 X 0 0 0 Leonard Carlson 50 0 X 130526 0 28385 Lee Goranson 50 2 X 105704 0 30315 Eivind Heiberg 50 2 X 240689 0 36465 Rachele Hockert 50 0 X 103476 0 15429 Dean Stiller 50 0 X 126855 0 17380 Linda Pederson 50 0 X 99686 0 7761 Mike Wnek 50 0 X 79454 0 12497 909640 0 148232 5 0 1 0 MSP Communications 220 S Sixth St Ste 500 Minneapolis MN 55402 Publishing the member magazine 497218 Ragan Financial Group Inc 8082 Harvest Hills Dr Rosco IL 61073 Insurance sales 194026 Fafinski Mark & Johnson PA 775 Prairie Center Dr Eden Prairie MN 55344 Legal counsel 179294 BTC Capital Management 453 Seventh St Des Moines IA 50309 Investment management 163750 S and L Schiermeister Inc 11123 E Poderosa Dr Spokane WA 99206 Insurance sales 160367 8 0 Premium income 524113 24129975 24129975 0 0 Membership dues 900099 1024588 1024588 0 0 Amortization of Interest Maintenance Reserve 524113 255457 255457 0 0 Commission on reinsurance cede 524113 237934 237934 0 0 Considerations for Supplementary Contracts 524113 193403 193403 0 0 216794 75988 140806 0 26058151 16183062 16183062 0 0 0 0 0 0 79712 79712 0 0 1555184 0 884043 0 671141 0 671141 671141 0 0 36805544 0 34766740 0 2038804 0 2038804 2038804 0 0 31395 27088 4307 4307 0 0 Writedown carrying value of investments 524113 -414149 -414149 0 0 0 0 0 0 -414149 44621028 44480222 140806 0 0 0 0 34284785 1078954 0 1298012 79020 224584 176876 5801 174139 59900 0 0 176305 176808 69773 629027 373816 0 294253 261699 0 190092 0 0 142432 66624 Commissions 1431480 Examination fees & inspection reports 112665 Fraternal promotions 106314 Official publication 657355 168630 42239344 0 0 0 -536672 -567390 4479204 3427750 10210647 9032061 7983203 4818214 3346229 3164989 299397920 313438609 4744496 4249747 4134441 4296539 325776265 337042305 1502995 1585239 316569986 327580601 318072981 329165840 X 0 0 0 0 7703284 7876465 7703284 7876465 325776265 337042305 X 2381684 0 0 0 0 -2208503 X 0 1 X 1 0 262362 0 262362 7260064 0 4391218 2868846 0 0 0 0 0 460777 426996 33781 0 0 0 0 3164989 0 Certificate and contract reserves 309415549 Certificate and contract claims paid 224427 Deposit type contracts 14142687 Refunds apportioned for payment 148101 Advance premiums 25042 Interest maintenance reserve 2195373 Asset valuation reserve 1370303 Unearned dues 59119 327580601 41377316 0 0 0 0 0 41377316 402833 2840879 3243712 44621028 40919410 0 0 0 -917101 -917101 41836511 402833 0 402833 42239344 SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Net realized capital gains on sales of securities 2,038,805; write down carrying value of investments (414,150); membership dues 1,024,588; advertising, royalties, and other benefit income 218,724; cost of goods sold (27,088). Total other 2,840,879. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Net realized capital loss 299,114; membership dues (1,024,588); advertising, royalties, and other benefit income (218,724); cost of goods sold 27,088; rounding 9. Total other (917,101). 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 SchF_P01_S00_L03 Schedule F, Part I, Line 3 Total membership dues received from members outside the United States $80,327. X 1 1 X X 0 0 0 Eivind Heiberg 196975 0 14414 0 19299 0 23887 0 22578 0 277153 0 0 0 Leonard Carlson 108344 0 18341 0 3841 0 8126 0 20259 0 158911 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a It is considered that the presence of a spouse at Sons of Norway events enhances and creates good will for the Society. The Board of Directors has established specific guidelines for such travel. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Sons of Norway is a membership organization. It does not have stockholders. F990_P06_S0A_L07a 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. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 was prepared by the assistant controller and reviewed by the Controller. Prior to filing, a copy was sent to each board member. F990_P06_S0B_L12c 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. F990_P06_S0B_L15 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 by the Board of Directors. Various salary surveys and economic data are used to determine the annual adjustments for both the CEO and other officers. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Summary financial statements are published annually in the Society's official publication, which goes to all members. Governing and conflict of interest documents are maintained at the Society's home office and are available for inspection on request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Realized capital gains transferred to the interest maintenance reserve (1,923,770); change in unrealized foreign exchange gain(loss) 4,083; change in non admitted assets 102,995; change in asset valuation reserve (391,803); rounding (8). Total other change (2,208,503). Sons of Norway Foundation 1455 West Lake St Minneapolis MN 55408 416054126 Charitable Foundation MN 501(c)3 7 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Sons of Norway Foundation o 72537 Cash Sons of Norway Foundation q 14812 Cash