Viking Charities Inc
- Assets
- $2.5m
- Revenue
- $497.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Solvang, CA
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 95-3542227
Organization Overview
Viking Charities Inc is located in Solvang, CA. The organization was established in 1981. According to its NTEE Classification (G40) the organization is classified as: Diseases of Specific Organs, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Viking Charities Inc 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, Viking Charities Inc generated $497.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $184.8k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE FINANCIAL ASSISTANCE FOR MEDICALLY RELATED NEEDS OF QUALIFIED INDIVIDUALS AND HEALTH CARE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE FOR MEDICALLY RELATED NEEDS OF QUALIFIED INDIVIDUALS.
DISADVANTAGED KIDS CHRISTMAS PARTY
BLOOD DRIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Humburger Vice Chief | Officer | 5 | $0 |
Max Hanberg Chief | Officer | 5 | $0 |
Richard Krost Treasurer | Officer | 5 | $0 |
Michael Peterson Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,447 |
| Noncash contributions included in lines 1a–1f | $561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,847 |
| Total Program Service Revenue | $0 |
| Investment income | $52,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $167,242 |
| Net Income from Fundraising Events | $200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $57,773 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $2,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,699 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,222 |
| 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 | $41,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,538 |
| All other expenses | $2,007 |
| Total functional expenses | $184,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $155,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,800 |
| 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 | $564 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,293,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,460,952 |
| Accounts payable and accrued expenses | $14,271 |
| Grants payable | $0 |
| Deferred revenue | $62,133 |
| 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 | $76,404 |
| Net assets without donor restrictions | $1,080,357 |
| Net assets with donor restrictions | $1,304,191 |
| 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 | $2,460,952 |
Grants Awarded
Over the last fiscal year, Viking Charities Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREINDSHIP HOUSE PURPOSE: TRANSPORTATION | $15,000 |
SOLVANG THEATERFEST PURPOSE: CAPITAL CAMPAIGN | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Viking Charities Inc has recieved totaling $5,105.
| Awarding Organization | Amount |
|---|---|
Rudi Schulte Family Foundation Santa Barbara, CA PURPOSE: IN FURTHERANCE OF SECTION 501(C)(3) EXEMPT PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $105 |
Endowment Analysis
| Beg. Balance | $2,145,841 |
| Earnings | $155,397 |
| Admin Expense | $8,725 |
| Net Contributions | $147,826 |
| Other Expense | $9,410 |
| Grants | $4,593 |
| Ending Balance | $2,426,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myotonic Dystrophy Foundation Oakland, CA | $5,846,076 | $2,383,618 |
Cardiac Therapy Foundation Of The Midpeninsula Palo Alto, CA | $823,071 | $664,303 |
Heal Child Skin Disease Foundation Walnut Creek, CA | $397,470 | $347,007 |
Livermore High Cowboy Boosters Livermore, CA | $138,269 | $283,880 |
Rotarian Foundation Of Livermore Livermore, CA | $3,533,283 | $1,979,289 |
Viking Charities Inc Solvang, CA | $2,460,952 | $497,343 |
Hepatitis C Clinical Education Group Inc Garden Grove, CA | $68,034 | $0 |
Interventional Initiative Alamo, CA | $228,970 | $231,749 |
Western Urological Foundation Santa Ana, CA | $1,660,959 | $146,142 |
Pulmonary Fibrosis Now Inc Chino, CA | $166,149 | $0 |
Ovarian Cancer Alliance Of Arizona Phoenix, AZ | $55,395 | $0 |
Victory Church Of Deliverance Vallejo, CA | $175,557 | $0 |