Hostfest-Heritage Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 41-1960917)

Revenue by fiscal year
FY2020	$13K
FY2021	$180K
FY2022	$64K
FY2023	$26K
FY2024	$6K
FY2025	$285K

Expenses by fiscal year
FY2020	$107K
FY2021	$275K
FY2022	$54K
FY2023	$732K
FY2024	$18K
FY2025	$253K

Net assets by fiscal year
FY2020	$832K
FY2021	$737K
FY2022	$746K
FY2023	$40K
FY2024	$28K
FY2025	$61K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $104K Management & general 3% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation

David Reiten

President

$0Pt VII · Sec A

Karen Krebsbach

Secretary

$0Pt VII · Sec A

Brent Mattson

Treasurer

$0Pt VII · Sec A

Jim Maragos

Finance Chairman

$0Pt VII · Sec A

Mark Tollefson

Vice President

$0Pt VII · Sec A

Gail Peterson

Director

$0Pt VII · Sec A

Liz Gjellstad

Director

$0Pt VII · Sec A

Brad Stai

Director

$0Pt VII · Sec A

See Hostfest-Heritage Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Scandinavian culture and heritage through events and education.

Questions for Hostfest-Heritage Foundation

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Provided by the organization

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1 program · $104K · in their own filed words · FY2020

01

Promote the scandinavian culture & heritage and further relationships with the countries of norway, sweden, finland, denmark & iceland

$104Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Minot Community FoundationFY2024$98K

Total grants receivedfrom 1 funder$98K

Grants paid · 6 grants · $1.3M · 2020–2025

Norsk Hostfest AssociationND · FY2025$200,000

Scandinavian Heritage Association INCND · FY2025$50,000

Norsk Hostfest AssociationND · FY2023$710,000

Norsk Hostfest AssociationND · FY2021$205,314

Scandinavian Heritage Association INCND · FY2021$66,000

Norsk Hostfest AssociationND · FY2020$104,082

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$13K

Ln 12

Investment incomeLn 3$12K

Gifts and grantsLn 1h$865

Money outPt IX

$107K

Ln 25

Programscol B$104K

Managementcol C$3K

Owns and owesPt X

$832K

net assets · Ln 32

Cash and savingsLn 1–2$811K

Total assetsLn 16$832K

LiabilitiesLn 26$328

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$865

Investment incomeLn 3$12K

Total revenueLn 12$13K

Assets in detailPt X, end of year

CashLn 1$34K

SavingsLn 2$777K

Cash and savings togetherLn 1–2$811K

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$21K

Total assetsLn 16$832K

LiabilitiesLn 26$328

Net assetsLn 32$832K

OperationsPt I, VI

EmployeesI 50

VolunteersI 69

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$895K	$811K
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$925K	$832K
LiabilitiesLn 26	$25	$328
Net assetsLn 32	$925K	$832K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$104K	$104K
Management feesLn 11a	$2K		$2K
Other expenses (24a–d)Ln 24	$480		$480
All other expensesLn 24e	$3		$3
Total functional expensesLn 25	$107K	$104K	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$285K	$253K	$33K	$61K	990 PDF
FY2024	$6K	$18K	−$12K	$28K	990 PDF
FY2023	$26K	$732K	−$707K	$40K	990 PDF
FY2022	$64K	$54K	$10K	$746K	990 PDF
FY2021	$180K	$275K	−$95K	$737K	990 PDF
FY2020 Viewing	$13K	$107K	−$94K	$832K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $13,229 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $215,932$865

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $11,911$12,364

I-11 Other revenuePrior year $2,626$0

I-12 Total revenuePrior year $230,469$13,229

I-13 Grants and similar amounts paidPrior year $484,000$104,082

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $23,594$2,828

I-18 Total expensesPrior year $507,594$106,910

I-19 Revenue less expensesPrior year −$277,125−$93,681

Part VI · Governance 9 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $13,229 across 4 lines filed

VIII-1f All other contributions, gifts and grants$865

VIII-1h Total contributions, gifts and grants$865

VIII-3 Investment incomeExcluded from tax $12,364$12,364

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $12,364$13,229

Part IX · Statement of functional expenses $106,910 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $104,082$104,082

IX-11a Management feesManagement $2,345$2,345

IX-24 Other expenses (24a–d)Management $480$480

IX-24e All other expensesManagement $3$3

IX-25 Total functional expensesPrograms $104,082 · Management $2,828 · Fundraising $0$106,910

Part X · Balance sheet $832,080 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $35,833$34,187

X-2 Savings and temporary cash investmentsStart of year $859,185$777,006

X-10c Land, buildings and equipment, netStart of year $0$0

X-15 Other assetsStart of year $30,440$20,887

X-16 Total assetsStart of year $925,458$832,080

X-17 Accounts payable and accrued expensesStart of year $25$328

X-26 Total liabilitiesStart of year $25$328

X-27 Net assets without donor restrictionsStart of year $355,899$244,845

X-28 Net assets with donor restrictionsStart of year $569,534$586,907

X-32 Total net assets or fund balancesStart of year $925,433$831,752

X-33 Total liabilities and net assetsStart of year $925,458$832,080

Part XI · Reconciliation of net assets $831,752 net assets at year end

XI-1 Total revenue$13,229

XI-2 Total expenses$106,910

XI-3 Revenue less expenses−$93,681

XI-4 Net assets at start of year$925,433

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$831,752

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hostfest-Heritage Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Hostfest-Heritage Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV