Overview
What is Norsk Hostfest Association?
The Norsk Hostfest Association, based in Minot, North Dakota, is a dedicated nonprofit organization that focuses on fostering an appreciation for Scandinavian heritage and cultural exchanges with the Scandinavian countries. The organization achieves this mission by organizing an annual week-long Scandinavian heritage festival, attracting individuals from around the world. The event generates revenue through receipts, contributing to the organization's operations. With a small team of just two employees, the Norsk Hostfest Association plays a significant role in preserving and celebrating Scandinavian traditions and history.
Official website here: www.hostfest.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 58%, One-Star out of Four Star rating.
The Norsk Hostfest Association received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While it has a high score for having an independent board and maintaining records of board meeting minutes, it notably lacks financial statements and essential policies like conflict of interest and whistleblower protections.
The organization shows a strong program expense ratio, suggesting that a substantial portion of its budget is directed toward its programs rather than administrative costs. However, the extremely high liabilities to assets ratio raises red flags about its financial stability. This combination of strengths and weaknesses highlights a need for improved financial transparency and governance to enhance trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Norsk Hostfest Association?
92% of 329 reviewers on Facebook recommend the Norsk Hostfest Association. Here is a summary of their reviews:
Many patrons express great enthusiasm for the cultural celebration and the vibrant atmosphere offered by the association. Attendees frequently appreciate the diverse array of activities, including live music, traditional foods, and cultural exhibits that showcase Scandinavian heritage. This dedication to preserving and promoting cultural traditions has resonated positively with visitors.
Overall, the sentiment surrounding the Norsk Hostfest Association is overwhelmingly positive, indicating that users feel a strong connection to the event and appreciate the efforts to create an engaging and enjoyable experience. The organization seems to effectively fulfill its mission to celebrate and promote Nordic culture.
This AI summary has been generated from reviews found on Facebook.
Is Norsk Hostfest Association legitimate?
Norsk Hostfest Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norsk Hostfest Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,026
For more financial information, click here
Official website here: www.hostfest.com
What is the mission statement of Norsk Hostfest Association?
The Norsk Hostfest Association's mission is centered around promoting and enhancing an appreciation for Scandinavian heritage. Their objective involves fostering cultural exchanges between Scandinavian countries. This organization achieves this through an annual week-long Scandinavian heritage festival, which attracts individuals from around the world. The primary goal is to cultivate interest and understanding in Scandinavian traditions and customs.
Official website here: www.hostfest.com
Who is the CEO of Norsk Hostfest Association?
Jessica Ackerman is the Director of Norsk Hostfest Association.
Official website here: www.hostfest.com
What is the revenue of Norsk Hostfest Association?
Norsk Hostfest Association's revenue in 2022 was $1,925,890.
Official website here: www.hostfest.com
Who are the executives of Norsk Hostfest Association and what are their salaries?
The average compensation at Norsk Hostfest Association during 2022 was $19,013. There are 2 employees and 443 volunteers at Norsk Hostfest Association.
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Official website here: www.hostfest.com
Where can I find the form 990 for Norsk Hostfest Association?
Norsk Hostfest Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hostfest.com
Learn more at the official website: www.hostfest.com
Mission Statement of Norsk Hostfest Association
The Norsk Hostfest Association, a renowned organization, is dedicated to fostering and enhancing an appreciation for Scandinavian heritage and cultural exchanges with the Scandinavian countries. Their mission is to serve as a platform for promoting these cultural traditions, engaging people worldwide in the annual week-long Scandinavian Heritage Festival. This event provides an opportunity for individuals to immerse themselves in the rich cultural heritage of Scandinavian countries, fostering a sense of unity and understanding among different cultures.
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Impact
July, 2024
The Norsk Hostfest Association's impact lies in promoting and enhancing an appreciation of Scandinavian heritage and fostering cultural exchanges with the Scandinavian countries through its annual week-long Scandinavian heritage festival, Norsk Hostfest. This event, held in Minot, ND, attracts people from all over the world and serves as a platform for celebrating and preserving Scandinavian traditions, arts, and culture. The Association's dedication to showcasing the richness and diversity of Scandinavian heritage contributes to a greater understanding and connection to this vibrant cultural legacy.
This information is meant to be a general summary of Norsk Hostfest Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,881
- Program Service Revenue: $1,680,758
- Gross Receipts: $1,925,890
Assets and Liabilities:
- Total Assets: $679,386
- Total Liabilities: $1,397,813
- Net Assets: -$718,427
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FALL FESTIVAL - ADMISS
Revenue
$1,357,436
FOOD/BEVERAGE SALES
Revenue
$93,440
BOOTH SALES
Revenue
$83,486
SHOP SALES
Revenue
$69,078
RV INCOME
Revenue
$51,100
Organization Details
Founding Year
1978
Phone
(701) 852-2368Principal Officer
Jessica Ackerman
Main Address
PO BOX 1347, MINOT, ND, 58702
Website
www.hostfest.comNTEE Category
Code: A230 - Arts
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