Independent Order Of Vikings

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 361260620 ✦ Lansing, MI ✦ Designated as a 501(c)(8)

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Overview

What is Independent Order Of Vikings?

The Independent Order of Vikings, abbreviated as IOV, is a fraternal benefit society that operates under Section 501(C)(8) of the Internal Revenue Code. This nonprofit organization, based in Lansing, Michigan, primarily benefits its members through a lodge system. The IOV collects individual assessment premiums from its members to provide life insurance or other benefits and maintain a solvent legal reserve system. The organization operates under this mission to support and empower its members.


Official website here: www.iovikings.org

Is Independent Order Of Vikings legitimate?

Independent Order Of Vikings is a legitimate nonprofit organization registered as a 501(c)(8) entity. Independent Order Of Vikings submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $2,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,850

For more financial information, click here


Official website here: www.iovikings.org

What is the mission statement of Independent Order Of Vikings?

The Independent Order of Vikings, as a fraternal benefit society, operates under a mission to benefit its members. It collects individual assessment premiums from its members to provide life insurance or other benefits and maintain a solvent legal reserve system, operating under the lodge system. The organization's primary focus is on ensuring the well-being of its members.


Official website here: www.iovikings.org

Who is the CEO of Independent Order Of Vikings?

Douglas Ulrich is the Grand Secretary of Independent Order Of Vikings.


Official website here: www.iovikings.org

What is the revenue of Independent Order Of Vikings?

Independent Order Of Vikings's revenue in 2022 was $62,891.


Official website here: www.iovikings.org

Who are the executives of Independent Order Of Vikings and what are their salaries?


Here are 13 key members and their salaries:


Eivor Britt-Louise Hichue (Grand Secretary)
  • Compensation: $500
  • Related: $0
  • Other: $0
Rodney Wayne Ottum (Vice Grand Chief)
  • Compensation: $350
  • Related: $0
  • Other: $0
Melinda Rae Worden (Grand Chief)
  • Compensation: $300
  • Related: $0
  • Other: $0
Thomas Richard Jandt (Grand Treasurer)
  • Compensation: $175
  • Related: $0
  • Other: $0
Mary Beth Liskey (Director/Trustee)
  • Compensation: $175
  • Related: $0
  • Other: $0
William Herbert Schaefer (Jr. Past Grand Chief)
  • Compensation: $150
  • Related: $0
  • Other: $0
Robert Halley Grinnell (Director/Trustee)
  • Compensation: $100
  • Related: $0
  • Other: $0
Bryan Richard Nelson (Director/Trustee)
  • Compensation: $100
  • Related: $0
  • Other: $0
Jane Beverly Russell Fosberg (Director/Trustee)
  • Compensation: $100
  • Related: $0
  • Other: $0
Margaret Ann Schaefer (Director/Trustee)
  • Compensation: $100
  • Related: $0
  • Other: $0
William Arthur Peterson (Director/Trustee)
  • Compensation: $50
  • Related: $0
  • Other: $0
Steve Anthony Kosthorst (Director/Trustee)
  • Compensation: $50
  • Related: $0
  • Other: $0
Robert Dale Greenwald (Director/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iovikings.org

Where can I find the form 990 for Independent Order Of Vikings?

Independent Order Of Vikings's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iovikings.org

Learn more at the official website: www.iovikings.org

Mission Statement of Independent Order Of Vikings

The Independent Order of Vikings, abbreviated as IOV, is a fraternal benefit society that operates under Section 501(C)(8) of the Internal Revenue Code. This organization's primary mission is to benefit its members through a lodge system. The IOV collects individual assessment premiums from its members for the purpose of providing life insurance or other benefits, and maintaining a solvent legal reserve system. In essence, the IOV serves to support its members financially, offering life insurance and other benefits, and ensuring financial stability through a well-managed reserve system.

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Impact




October, 2024

The Independent Order of Vikings (IOV) plays a pivotal role in fostering a strong sense of community among its members through its fraternal benefits structure. By collecting individual assessment premiums, the IOV ensures that members have access to crucial life insurance and other financial benefits, contributing to their economic security and peace of mind.

This society operates within a lodge system, which not only facilitates the collection of premiums but also encourages social interaction, support, and fellowship among members. The emphasis on mutual benefit creates a network of individuals who share similar values and objectives, enhancing personal connections and collective resilience.

The IOV also contributes to financial stability by maintaining a solvent legal reserve system, ensuring that it can meet its obligations to members. This financial prudence fosters trust and reliability, allowing members to plan for their futures with confidence. Overall, the Independent Order of Vikings strengthens community ties while providing essential benefits that promote the welfare of its members.




This information is meant to be a general summary of Independent Order Of Vikings. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$62,891 (2022)
Expenses
$108,831 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,210
  • Program Service Revenue: $52,681
  • Gross Receipts: $62,891

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PREMIUM ASSESSMENT INCOME

Revenue

$50,964

AMORTIZATION OF INTEREST MAINTENANCE RESERVE

Revenue

$1,717

Organization Details

Founding Year

1895

Principal Officer

Douglas Ulrich

Main Address

PO Box 27186, Lansing, MI, 48910

NTEE Category

Code: Y40 - Mutual benefit

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