2012-07-31T18:42:04-07:00 2011-12-31 990 2011-01-01 410547795 SONS OF NORWAY SONS 6128273611 1455 West Lake Street Minneapolis MN 554082666 Lee Goranson 6128214603 2012-08-01 2011 2016-02-24 21:20:13Z Lee D Goranson 1455 West Lake St Minneapolis MN 55408 71310538 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 its 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 54 0 135071 0 0 0 48282363 30664247 17440418 16801286 -593011 407373 65129770 47872906 0 0 53442236 39119642 2811718 2878374 0 0 0 5946216 5172946 62200170 47170962 2929600 701944 312244794 325776265 304219711 318072981 8025083 7703284 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 its 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 44854066 0 46633374 Life, annuity, and health insurance products for members (15,103 members with insurance). 2316896 0 1239532 Fraternal activities and benefits (54,514 members). 0 0 0 47170962 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 4983 0 1 54 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 Lee D Goranson 6128214603 1455 West Lake Street Minneapolis MN 554082666 Dan Rude 20 X X 7250 0 0 Marit Kristiansen 10 X X 2750 0 0 Audun Gythfeldt 10 X X 3750 0 0 William Fosmoe 10 X X 2750 0 0 Barbara Berntsen 10 X 2500 0 0 Ernst Granly 10 X 2500 0 0 Elaine M Nelson 10 X 2500 0 0 Jon Tehven 10 X 2750 0 0 Erlene Stevenson 10 X 2500 0 0 Mary Jane Kelly 10 X 2500 0 0 Ronald Stubbings 10 X 2500 0 0 Raymond Knutson 10 X 2500 0 0 Leonard S Carlson 50 X 140254 0 31102 Lee D Goranson 50 X 104103 0 31586 Eivind Heiberg 50 X 229044 0 36025 Rachele Hockert 50 X 101535 0 13891 Dean Stiller 50 X 121606 0 17856 Linda Pederson 50 X 95916 0 4587 Michael Wnek 50 X 76115 0 8925 905323 0 143972 5 0 1 0 MSP Communications 220 S Sixth St Ste 500 Minneapolis MN 55402 Publishing the member magazine 488207 Ragan Financial Group Inc 8082 Harvest Hills Dr Roscoe IL 61073 Insurance sales 179609 Delaware Investment Advisors 2005 Market St Philadelphia PA 191037094 Investment management 159053 Cygnia Technology Corp 9935 170th St W Lakeville MN 55044 Contract programming 155125 S and L Schiermeister Inc 11123 E Ponderosa Dr Spokane WA 99206 Insurance sales 108172 5 0 Premium income 524113 28064085 28064085 0 0 Membership dues 900099 1053990 1053990 0 0 Amortization of Interest Maintenance Reserve 524113 661708 661708 0 0 Commission on reinsurance ceded 524113 215596 215596 0 0 Condsiderations for Supplementary Contracts 524113 492821 492821 0 0 176047 40976 135071 0 30664247 16269025 16269025 0 0 0 0 0 0 116478 116478 0 0 1486388 0 881844 0 604544 0 604544 604544 0 0 23072267 0 22540006 0 532261 0 532261 532261 0 0 30142 15782 14360 14360 0 0 writedown carrying value of investments 524113 -328009 -328009 0 0 0 0 0 0 -328009 47872906 47737835 135071 0 0 0 0 39119642 1059297 0 1293671 99848 243113 182445 26300 113164 46850 0 0 246786 156282 50899 685327 294786 0 294253 226007 0 217908 0 0 122324 71376 Commissions 1629318 Examination fees & inspection reports 101876 Fraternal promotions 99096 Official publication 661514 128880 47170962 0 0 0 -514068 -536672 5635576 4479204 11077113 10210647 7965274 4619045 3556362 3346229 282824656 299397920 5483612 4744496 4181543 4134441 312244794 325776265 1411804 1502995 302807907 316569986 304219711 318072981 X 0 0 0 0 8025083 7703284 8025083 7703284 312244794 325776265 X 701944 -1023743 X 0 1 1 X 0 262362 0 262362 7256714 0 4217795 3038919 0 0 0 0 0 446198 401250 44948 0 0 0 0 3346229 0 Certificate and contract reserves 300234013 Certificate and contract claims unpaid 610961 Deposit type contracts 13975929 Refunds apportioned for payment 154408 Advance premiums 25803 Interest maintenance reserve 527061 Asset valuation reserve 978500 Unearned dues 63311 316569986 47872906 47170962 701944 0 0 0 0 -1023741 -1023741 -321797 45983274 0 0 0 0 0 45983274 461629 1428003 1889632 47872906 45593279 0 0 0 -1116054 -1116054 46709333 461629 0 461629 47170962 SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Schedule D, Part XI, Line 8 - Realized capital gains transferred to the interest maintenance reserve (311,947). change in unrealized foreign exchange gain (loss) 3,057, change in nonadmitted assets (81,690), change in asset valuation reserve (633,161). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Schedule D, Part XII, Line 4b - Net realized capital gains on sales of securities 532,261; writedown carrying value of investments (328,009); membership dues 1,053,993; advertising, royalties, and other benefit income 185,542; cost of goods sold (15,782). Total other 1,428,003. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Schedule D, Part XIII, Line 2d - Net realized capital loss 107,697; membership dues (1,053,990); advertising, royalties, and other benefit income (185,542); cost of goods sold 15,782. Total other (1,116,054). 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 $79,433. X 1 1 X X 0 0 0 Eivind Heiberg 211154 0 17890 0 0 0 13212 0 22813 0 265069 0 254880 0 Leonard S Carlson 104726 0 35528 0 0 0 8420 0 22682 0 171356 0 156407 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 created 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 by the full Board. Compensation of other officers is set by the CEO, subject to the 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_L05 Form 990, Part XI, Line 5 Realized capital gains transferred to the interest maintenance reserve (311,947). change in unrealized foreign exhange gain (loss) 3,057, change in nonadmitted assets (81,690), change in asset valuation reserve (633,161). Total other change (1,023,743). Sons of Norway Foundation 1455 West Lake St Minneapolis MN 55408 416054126 Charitable Foundation MN 501(c)3 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 Sons of Norway Foundation n 55885 Direct expenses paid by Sons of Norway on behalf of the related organization. Sons of Norway Foundation p 23234 Direct expenses paid by Sons of Norway on behalf of the related organization.