National Nordic Museum
- Assets
- $49.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 35
- Location
- SeattlE, WA
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 91-1107537
Organization Overview
National Nordic Museum is located in SeattlE, WA. The organization was established in 1980. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Nordic Museum employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Nordic Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Nordic Museum generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. 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
THE NORDIC MUSEUM SHARES NORDIC CULTURE WITH PEOPLE OF ALL AGES AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORDIC MUSEUM WAS FOUNDED FOR THE PURPOSE OF COLLECTING, PRESERVING, PROTECTING AND EXHIBITING MATERIAL THAT REFLECTS THE LIFE AND CULTURE OF IMMIGRANTS FROM NORDIC COUNTRIES. FOUNDED IN 1980, THE NORDIC MUSEUM IS THE LARGEST MUSEUM IN THE UNITED STATES TO HONOR THE LEGACY OF IMMIGRANTS FROM THE FIVE NORDIC COUNTRIES: DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN.
THE NORDIC MUSEUM CELEBRATES A VARIETY OF EVENTS THROUGHOUT THE YEAR, INCLUDING CONCERTS, CLASSES, CONFERENCES, FESTIVALS, FILM, AND FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Nelson CEO | Officer | 60 | $377,654 |
Sandra Nestorovic Chief Of Staff | 50 | $105,321 | |
Erik Pihl Director Of Development | 40 | $101,231 | |
Pamela Brooks Director Of Finance And Hr | Officer | 50 | $87,063 |
Tom Malone President | OfficerTrustee | 15 | $0 |
Hans Aarhus Vice President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kirtley-cole General Contractor | 12/30/18 | $2,711,463 |
Signal Perfection Exhibition Fabrication | 12/30/18 | $355,375 |
Ralph Applebaum And Associates Exhibition Design | 12/30/18 | $311,746 |
Pacific Studios Exhibition Fabrication | 12/30/18 | $984,382 |
Mithun Architecture | 12/30/18 | $325,629 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $498,773 |
| Fundraising events | $35,799 |
| Related organizations | $0 |
| Government grants | $1,069,759 |
| All other contributions, gifts, grants, and similar amounts not included above | $811,887 |
| Noncash contributions included in lines 1a–1f | $230,835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,416,218 |
| Total Program Service Revenue | $659,574 |
| Investment income | $101,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $167,552 |
| Net Gain/Loss on Asset Sales | $102,222 |
| Net Income from Fundraising Events | $79,109 |
| Net Income from Gaming Activities | $27,618 |
| Net Income from Sales of Inventory | $186,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,740,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $467,717 |
| Compensation of current officers, directors, key employees. | $84,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,429,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,481 |
| Payroll taxes | $153,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,641 |
| Fees for services: Other | $84,596 |
| Advertising and promotion | $49,376 |
| Office expenses | $171,172 |
| Information technology | $89,825 |
| Royalties | $0 |
| Occupancy | $186,126 |
| Travel | $6,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,751,165 |
| Insurance | $130,537 |
| All other expenses | $0 |
| Total functional expenses | $5,154,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,232 |
| Savings and temporary cash investments | $755,634 |
| Pledges and grants receivable | $1,900,364 |
| 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 | $97,715 |
| Prepaid expenses and deferred charges | $26,422 |
| Net Land, buildings, and equipment | $40,668,924 |
| Investments—publicly traded securities | $5,338,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,360 |
| Total assets | $49,217,466 |
| Accounts payable and accrued expenses | $520,293 |
| Grants payable | $0 |
| Deferred revenue | $30,258 |
| 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 | $550,551 |
| Net assets without donor restrictions | $38,826,001 |
| Net assets with donor restrictions | $9,840,914 |
| 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 | $49,217,466 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that National Nordic Museum has recieved totaling $256,975.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT AS PROMPTED BY GIVEBIG; TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE ANNUAL FUND | $115,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $107,700 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,124 |
The Nysether Family Foundation Everett, WA PURPOSE: CAPITAL CAMPAIGN | $15,000 |
Bruce Allen Bro Charitable Foundation Trust Carefree, AZ PURPOSE: CHARITABLE | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $551 |
Endowment Analysis
| Beg. Balance | $5,080,054 |
| Earnings | $549,310 |
| Net Contributions | $7,897 |
| Other Expense | $175,693 |
| Ending Balance | $5,461,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Nordic Museum SeattlE, WA | $49,217,466 | $3,740,373 |
Tacoma Art Museum Tacoma Wa Tacoma, WA | $74,333,248 | $4,980,313 |
Museum Of Glass Tacoma, WA | $27,774,581 | $3,274,139 |
The Bellevue Art Museum Bellevue, WA | $20,455,455 | $2,226,948 |
Maryhill Museum Of Art Goldendale, WA | $14,259,596 | $1,339,559 |
Boise Art Museum Incorporated Boise, ID | $4,916,476 | $1,848,103 |
Mobius Spokane Spokane, WA | $1,874,613 | $1,221,461 |
Museum Of Northwest Art La Conner, WA | $1,660,122 | $989,846 |
Favell Museum Inc Klamath Falls, OR | $5,553,246 | $284,368 |
Larson Gallery Guild Yakima, WA | $1,279,801 | $236,672 |
Clymer Foundation Ellensburg, WA | $3,977,007 | $242,623 |
Coos Art Museum Coos Bay, OR | $841,559 | $351,784 |