2011-08-13T17:43:28-07:00 2010-12-31 990 2010-01-01 410547795 SONS OF NORWAY SONS 6128273611 1455 West Lake Street Minneapolis MN 554082666 Lee Goranson 6128214603 2011-08-13 2010 2016-02-24 21:20:13Z Lee D Goranson 1455 West Lake St Minneapolis MN 55408 118301775 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 55 0 0 0 0 0 38279660 48282363 14229824 17440418 -1358290 -593011 51151194 65129770 0 0 44511947 53442236 2810943 2811718 0 0 0 5705197 5946216 53028087 62200170 -1876893 2929600 282315070 312244794 275485181 304219711 6829889 8025083 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 59914355 0 63871985 Life, annuity, and health insurance products for members (15,364 members with insurance). 2285815 0 1257785 Fraternal activities and benefits (56,751 members). 0 0 0 62200170 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 4851 0 1 55 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 0 1 1 1 1 0 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 Gene Brandvold 10 X X X 2750 0 0 Jostein Bakken 10 X X 2500 0 0 Barbara Berntsen 10 X 2500 0 0 Erik Brochmann 10 X X 2500 0 0 William E Fosmoe 10 X X 2500 0 0 Ernst Granly 10 X 2500 0 0 Elaine M Nelson 10 X 2500 0 0 Sherrill G Swenson 10 X X 2500 0 0 Jon Tehven 10 X 2500 0 0 Erlene Stevenson 10 X 0 0 0 Mary Jane Kelly 10 X 0 0 0 Ronald Stubbings 10 X 0 0 0 Raymond Knutson 10 X 0 0 0 Leonard S Carlson 50 X 125132 0 31275 Lee D Goranson 50 X 100644 0 33057 Eivind Heiberg 50 X 220003 0 34877 Rachele Hockert 50 X 99480 0 13497 Dean Stiller 50 X 119365 0 17213 Linda Pederson 50 X 57765 0 1575 Michael Wnek 50 X 28723 0 2827 Kenneth Thul 50 X 107963 0 30081 895575 0 164402 5 1 1 0 0 Premium income 524113 45631542 45631542 0 0 Membership dues 900099 1096168 1096168 0 0 Amortization of Interest Maintenance Reserve 221000 928211 928211 0 0 Commissions on reinsurance ceded 524113 235403 235403 0 0 Considerations for supplementary contracts 524113 208481 208481 0 0 182558 182558 0 0 48282363 15761553 15761553 0 0 0 0 0 0 46796 46796 0 0 1539007 0 888536 0 650471 0 650471 650471 0 0 53946071 0 52267206 0 1678865 0 1678865 1678865 0 0 26477 16263 10214 10214 0 0 Writedown carrying value of investments 524113 -1300492 -1300492 0 0 0 0 0 0 -1300492 65129770 65129770 0 0 0 0 0 0 0 0 53442236 53442236 932183 932183 0 0 0 0 0 0 1322502 1322502 0 0 109532 109532 0 0 258372 258372 0 0 189129 189129 0 0 15115 15115 0 0 192724 192724 0 0 47000 47000 0 0 0 0 0 0 0 0 301468 301468 0 0 134612 134612 0 0 59490 59490 0 0 670136 670136 0 0 258737 258737 0 0 0 0 0 0 294253 294253 0 0 295742 295742 0 0 0 0 0 0 173353 173353 0 0 0 0 0 0 0 0 0 0 148410 148410 0 0 70439 70439 0 0 Commissions 2385493 2385493 0 0 Examination fees & inspection reports 93373 93373 0 0 Fraternal promotion 121890 121890 0 0 Official publication 627655 627655 0 0 Claim investigation 15624 15624 0 0 40702 40702 0 0 62200170 62200170 0 0 -93671 -514068 2901077 5635576 11120245 11077113 8032446 4476084 3749899 3556362 254587389 282824656 6454313 5483612 3595818 4181543 282315070 312244794 1585894 1411804 273899287 302807907 275485181 304219711 X 0 0 0 0 6829889 8025083 6829889 8025083 282315070 312244794 X 2929600 -1734406 X 0 1 1 X 0 262362 0 262362 7336244 0 4113415 3222829 0 0 0 0 0 433840 362669 71171 0 0 0 0 3556362 0 Certificate and contract reserves 287618432 Certificate and contract claims unpaid 628412 Deposit type contracts 13085564 Refunds apportioned for payment 163589 Advance premiums 20477 Interest maintenance reserve 876822 Asset valuation reserve 345339 Unearned dues 69272 302807907 65129770 62200170 2929600 0 0 0 0 -1734406 -1734406 1195194 62991848 0 0 0 0 0 62991848 518028 1619894 2137922 65129770 61841109 0 0 0 158967 158967 61682142 518028 0 518028 62200170 SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Realized capital gains transferred to the interest maintenance reserve (1,778,861), change in unrealized foreign exchange gain (loss) (3,755), change in nonadmitted assets 47,355, change in asset valuation reserve 855. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Net realized capital gains 378,371; membership dues 1,096,168; advertising, royalties, and other benefit income 161,618; cost of goods sold (16,263). Total other 1,619,894. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Realized capital losses 1,400,492; membership dues (1,096,168); advertising, royalties, and other benefit income (161,618); cost of goods sold 16,263. Total other 158,967. Europe (including Iceland and Greenland) 0 0 Program Services Membership dues received from members in Norway 0 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Membership dues received from members in Canada 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 $83,651. X 1 1 X X 0 0 0 Eivind Heiberg 208371 0 11632 0 0 0 12994 0 21883 0 254880 0 151504 0 Leonard S Carlson 102292 0 22840 0 0 0 7832 0 23443 0 156407 0 163696 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_L11a Form 990, Part VI, Section B, Line 11a Form 990 is prepared by the Controller. A copy was sent to the Board of Directors at the time of filing. 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 ful 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 adjustmentd 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 (1,778,861), change in unrealized foreign exchange gain (loss) (3,755), change in nonadmitted assets 47,355, change in asset valuation reserve 855. Total other change (1,734,406). 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 55414 Sons of Norway Foundation p 17219