Hostfest-Heritage Foundation: FY2022 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

95 cents of each dollar spent went to programs.

95%

Program services 95% · $51K Management & general 5% · $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

Tim Mihalick

President

$0Pt VII · Sec A

Karen Krebsbach

Secretary

$0Pt VII · Sec A

Grant Wentz

Treasurer

$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

Jennifer Lock

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.

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Provided by the organization

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1 program · $51K · in their own filed words · FY2022

01

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

$51Kprogram 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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$64K

Ln 12

Gifts and grantsLn 1h$63K

Other incomeLn 4–11$579

Investment incomeLn 3$481

Money outPt IX

$54K

Ln 25

Programscol B$51K

Managementcol C$3K

Owns and owesPt X

$746K

net assets · Ln 32

Cash and savingsLn 1–2$41K

Total assetsLn 16$746K

LiabilitiesLn 26$0

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$63K

Investment incomeLn 3$481

Other incomeLn 4–11$579

Total revenueLn 12$64K

Assets in detailPt X, end of year

CashLn 1$41K

Cash and savings togetherLn 1–2$41K

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$15K

Total assetsLn 16$746K

LiabilitiesLn 26$0

Net assetsLn 32$746K

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 FY22	End FY22
Cash and savingsLn 1–2	$153K	$41K
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$737K	$746K
LiabilitiesLn 26	$3	$0
Net assetsLn 32	$737K	$746K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$2K		$2K
Depreciation, depletion and amortizationLn 22	$741		$741
Other expenses (24a–d)Ln 24	$52K	$51K	$282
Total functional expensesLn 25	$54K	$51K	$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 Viewing	$64K	$54K	$10K	$746K	990 PDF
FY2021	$180K	$275K	−$95K	$737K	990 PDF
FY2020	$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 FY2022 990 (6 parts)

Part I · Summary $63,681 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $173,409$62,621

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $5,575$481

I-11 Other revenuePrior year $560$579

I-12 Total revenuePrior year $179,544$63,681

I-13 Grants and similar amounts paidPrior year $271,314$0

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 $3,456$53,994

I-18 Total expensesPrior year $274,770$53,994

I-19 Revenue less expensesPrior year −$95,226$9,687

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 $63,681 across 5 lines filed

VIII-1f All other contributions, gifts and grants$62,621

VIII-1h Total contributions, gifts and grants$62,621

VIII-3 Investment incomeExcluded from tax $481$481

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $579$579

VIII-12 Total revenueRelated to mission $579 · Unrelated business $0 · Excluded from tax $481$63,681

Part IX · Statement of functional expenses $53,994 across 3 lines filed

IX-11c Accounting feesManagement $1,662$1,662

IX-22 Depreciation, depletion and amortizationManagement $741$741

IX-24 Other expenses (24a–d)Programs $51,309 · Management $282$51,591

IX-25 Total functional expensesPrograms $51,309 · Management $2,685 · Fundraising $0$53,994

Part X · Balance sheet $746,213 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $152,737$41,072

X-4 Accounts receivableStart of year $60,000$690,000

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

X-15 Other assetsStart of year $22,815$15,141

X-16 Total assetsStart of year $736,529$746,213

X-17 Accounts payable and accrued expensesStart of year $3$0

X-26 Total liabilitiesStart of year $3$0

X-27 Net assets without donor restrictionsStart of year $307,973$315,788

X-28 Net assets with donor restrictionsStart of year $428,553$430,425

X-32 Total net assets or fund balancesStart of year $736,526$746,213

X-33 Total liabilities and net assetsStart of year $736,529$746,213

Part XI · Reconciliation of net assets $746,213 net assets at year end

XI-1 Total revenue$63,681

XI-2 Total expenses$53,994

XI-3 Revenue less expenses$9,687

XI-4 Net assets at start of year$736,526

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$746,213

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hostfest-Heritage Foundation FY2022 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