Viking Hall Inc
- Assets
- $387.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 09/1940
- Data as of
- 12/2023
- EIN
- 92-6002723
Organization Overview
Viking Hall Inc is located in Anchorage, AK. The organization was established in 1940. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Viking Hall Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, Viking Hall Inc generated $55.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $34.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND PRESERVE THE HERITAGE AND CULTURE OF NORWAY AND TO CELEBRATE OUR RELATIONSHIP WITH OTHER NORDIC COUNTRIES. THIS INCLUDES THE PRESERVATION OF NORWEGIAN HERITAGE AND CULTURE IN OUR SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Mathiesen President | 5 | $0 | |
Cynthia Olnes Vice President | 2 | $0 | |
Martin Hansen Secretary | 2 | $0 | |
Cynthia Olnes Treasurer | 10 | $0 | |
John Olnes Director | 2 | $0 | |
Bill Michaelson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,500 |
| Membership dues | $0 |
| Investment income | $43,415 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,915 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $239 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $33,612 |
| Printing, publications, postage, and shipping | $19 |
| Other expenses | $606 |
| Total expenses | $34,476 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $286,758 |
| Other assets | $0 |
| Total assets | $387,267 |
| Total liabilities | $1,400 |
| Net assets or fund balances | $385,867 |