Vasa Order Of America
- Assets
- $1.5m
- Revenue
- $70.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 04/1945
- Data as of
- 12/2021
- EIN
- 23-7181309
Organization Overview
Vasa Order Of America is located in Carmel, IN. The organization was established in 1945. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Vasa Order Of America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Vasa Order Of America generated $70.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $43.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE THE ETHNIC HERITAGE OF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUES AND ASSESSMENTS ARE USED TO PAY BENEFITS TO MEMBERS AND PROMOTE SOCIAL AND INTELLECTUAL ACTIVITIES IN ORDER TO PRESERVE THE ETHNIC HERITAGE OF THE MEMBERS. ACTIVITIES OF THE ORGANIZATION INCLUDE ASSISTING YOUNGER GENERATIONS IN THE AIMS AND PURPOSES OF THE ORDER BY SUPPORTING THE INSTITUTION AND PROGRESS OF CHILDREN AND YOUTH CLUBS WITHIN THE ORDER. THE ORGANIZATION CREATES AND MAINTAINS FUNDS FOR FINANCIAL RELIEF TO MEMBERS IN NEED, THOSE ACTIVELY ENGAGED IN PURSUIT OF HIGHER EDUCATION, AND FOR USES TOWARDS CAUSES FOR THE BETTERMENT OF HUMAN LIFE AND EXISTENCE. THE ORGANIZATION HELPS TO MAINTAIN THE NATIONAL ARCHIVES. THE PURPOSE OF THE NATIONAL ARCHIVES IS FOR EDUCATIONAL, HISTORICAL AND RESEARCH; TO PRESERVE AND DISPLAY AND MAKE AVAILABLE RECORDS, DOCUMENTS, WORKS OF ART, SCIENCE, INVENTIONS AND MANUFACTURE BY PERSONS OF SWEDISH ANCESTRY AND TO PROMOTE PUBLIC KNOWLEDGE OF AN INTEREST IN THE HISTORY OF PERSONS OF SCANDINAVIAN AND PARTICULARLY SWEDISH ANCESTRY. THE MAIN PURPOSE IS TO PRESERVE THE RECORDS OF THE VASA ORDER OF AMERICA AND ITS MEMBERS. THERE IS A FAMILY REGISTER WHERE ALL VASA MEMBERS AND THEIR FAMILIES ARE CHRONICLED. THE COMPLETION OF THE REGISTER WILL BE AN IMPORTANT PHASE OF OUR ARCHIVE ACTIVITY. IT WILL SERVE FUTURE GENERATIONS IN THEIR SEARCH FOR ANCESTRY. RECORDS, MANUSCRIPTS AND LITERATURE ARE NOT PARTICULARLY EXCITING TO VIEW IF A PERSON IS NOT DIRECTLY INTERESTED IN RESEARCHING SUCH MATERIAL. NO CONVENTION IN 2021 DUE TO COVID-19. THE ORGAINZATION HAD 755 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Christensen District Treasurer | OfficerTrustee | 15 | $500 |
Gene Kiesel District Master | OfficerTrustee | 4 | $200 |
Janet Nelson Asst. District Secretary | OfficerTrustee | 7 | $200 |
Tim Ogrentz Vice District Master | OfficerTrustee | 2 | $100 |
Annelise Gingold-Nelson District Cultural Leader | Trustee | 8 | $100 |
Kathy Cuff District Historian | Trustee | 2 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,957 |
| Investment income | $54,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,499 |
| Office expenses | $727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $43,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,417 |
| Savings and temporary cash investments | $344,246 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,149,784 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,500,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,500,447 |
Endowment Analysis
| Beg. Balance | $75,540 |
| Ending Balance | $75,540 |
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