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Filing year 2024

SONS OF NORWAY

Minneapolis, Minnesota·EIN 41-0547795·501(c)(8)
Total revenue
$27.5M
Total assets
$204M
Total expenses
$30.8M
Reported officers
23
Mission

The mission of Sons of Norway is to provide quality insurance and financial products to our members, promote and preserve the heritage and culture of Norway, and celebrate our relationship with other Nordic countries.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 23 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President and CEO
75th to 90th percentile
$294k
$314k
Base
$271k
Bonus
Other
Benefits
$11k
Director Mktg and Comm
Key Employee
Median to 75th percentile
$178k
$190k
Base
$171k
Bonus
Other
Benefits
President and CEO
75th to 90th percentile
$171k
$183k
Base
$147k
Bonus
Other
Benefits
$18k
Chief Underwriter and Compliance Officer
Key Employee
Median to 75th percentile
$159k
$170k
Base
$141k
Bonus
Other
Benefits
$13k
Dir of Admin, HR and Ins Oper
Key Employee
Median to 75th percentile
$155k
$165k
Base
$123k
Bonus
Other
Benefits
$26k
Accounting Manager
25th percentile to median
$124k
$132k
Operations Director
25th percentile to median
$116k
$124k
Accounting Manager
25th percentile to median
$115k
$123k
Life Ins and Annuity Prod Mgr
Highest Compensated Employee
10th to 25th percentile
$114k
$121k
CFO
Median to 75th percentile
$113k
$120k
President
Below 10th percentile
$12k
$13k
Secretary
Officer (Unspecified)
$8k
$9k
Treasurer
Officer (Unspecified)
$7k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
25th percentile to median
$5k
$5k
Vice President
10th to 25th percentile
$3k
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 11%
from 2023

From $265k in 2023 to $294k in 2024.

$265k
2023
$294k
2024
In today's dollarsEst.
Up 8% in real terms$290k to $314k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay fell 33% from 2023 to 2024, while revenue rose 9%.

$265k in 2023 to $178k in 2024.
  • Accounting Manager pay rose 5% from 2023 to 2024.
  • Chief Operating Officer pay rose 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SONS OF NORWAY reported revenue and expenses across 2 filing years.

RevenueExpenses
$25.3M
$29.5M
2023
$27.5M
$30.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SONS OF NORWAY

What does the Chief Executive Officer of SONS OF NORWAY earn?

In 2024, the Chief Executive Officer of SONS OF NORWAY received $293,964 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SONS OF NORWAY compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SONS OF NORWAY falls between the 75th and 90th percentiles.

What are SONS OF NORWAY's revenue and expenses?

In 2024, SONS OF NORWAY reported $27.5M in total revenue and $30.8M in total expenses on its IRS Form 990.

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