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Filing year 2024

SONS OF NORWAY

Minneapolis, Minnesota·EIN 41-0547795·8
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 · Schedule J · 23 reported individuals · Filing year 2024

President and CEO
$294k
$314k
Base
$271k
Bonus
Other
Benefits
$11k
Director Mktg and Comm
key employee
$178k
$190k
Base
$171k
Bonus
Other
Benefits
President and CEO
$171k
$183k
Base
$147k
Bonus
Other
Benefits
$18k
Chief Underwriter and Compliance Officer
key employee
$159k
$170k
Base
$141k
Bonus
Other
Benefits
$13k
Dir of Admin, HR and Ins Oper
key employee
$155k
$165k
Base
$123k
Bonus
Other
Benefits
$26k
Accounting Manager
highest compensated employee
$124k
$132k
Operations Director
$116k
$124k
Accounting Manager
highest compensated employee
$115k
$123k
Life Ins and Annuity Prod Mgr
highest compensated employee
$114k
$121k
$12k
$13k
Secretary
officer (unspecified)
$8k
$9k
Treasurer
officer (unspecified)
$7k
$7k
Director
board member
$6k
$7k
Director
board member
$6k
$6k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Director
board member
$5k
$5k
Vice President
vice president
$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.

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.
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