Nonprofit · EIN 20-3802831
MADISON TORSKE KLUBBEN FOUNDATIONINC
Tax-exempt · OREGON, WI 53575
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $166,287 | $50,000 | $116,287 | $1,930,943 | $0 | $1,930,943 |
| December 31, 2023 | 990 | $125,835 | $54,550 | $71,285 | $1,757,476 | $0 | $1,757,476 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,050
- Membership dues
- $9,050
- Program service revenue
- $0
- Investment income
- $157,237
- Net gain from sales of assets
- $120,882
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $50,000
Balance sheet and other
- Total assets, start of year
- $1,757,476
- Total assets, end of year
- $1,930,943
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,930,943
- Publicly traded securities
- $1,930,943
- Net assets without donor restrictions
- $127,092
- Net assets with donor restrictions
- $1,803,851
- Gross receipts
- $217,221
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2005
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES RIORDAN | PRESIDENT (TERMED) Trustee or director, Officer | 3 | $0 |
| RYAN ANDERSON | PRESIDENT & TREASURER Trustee or director, Officer | 3 | $0 |
| RANDY LEBAKKEN | SECRETARY Trustee or director, Officer | 3 | $0 |
| PAUL LARSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PAAL LONNEBOTN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| HOWARD MARTIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN THOMPSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RAY WEIHOFEN | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES RIORDAN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| RYAN ANDERSON | TREASURER Trustee or director, Officer | 3 | $0 |
| RANDY LEBAKKEN | SECRETARY Trustee or director, Officer | 3 | $0 |
| PAUL LARSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PAAL LONNEBOTN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| HOWARD MARTIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN THOMPSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RAY WEIHOFEN | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1080 FINCASTLE ST, OREGON, WI 53575-3845
- In care of
- % GARY A ANDERSON
- Principal officer (990 for 2024)
- RYAN ANDERSON, 1080 FINCASTLE ST, OREGON, WI 53575
- Signed the 990
- RYAN ANDERSON, PRESIDENT & TREASURER
- Phone
- (608) 772-4303
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
THE MISSION OF MADISON TORSKE KLUBBEN FOUNDATION, INC. IS TO SUPPORT ANY IRC 501(C)(3) ORGANIZATION INCLUDING SCHOOLS, MUSEUMS, OR GOVERNMENTAL ENTITIES IN PRESENTING PROGRAMS, COURSES AND SEMINARS ON NORWEGIAN HERITAGE AND CULTURE, AND TO OFFER SUCH PROGRAMS, COURSES AND SEMINARS TO THE GENERAL PUBLIC. TO OFFER SCHOLARSHIPS AT THE GRADUATE LEVEL TO U.S. CITIZENS TO STUDY AT A NORWEGIAN UNIVERSITY AND TO OFFER SCHOLARSHIPS AT THE GRADUATE LEVEL TO NORWEGIAN STUDENTS TO STUDY AT A COLLEGE OR UNIVERSITY IN WISCONSIN. TO SPONSOR CULTURAL EXCHANGES BETWEEN NORWAY AND THE UNITED STATES FOR PERSONS WHO ARE NOT MEMBERS OF MADISON TORSKE KLUBBEN, INC. TO PROVIDE SUPPORT TO ANY IRC 503(C)(3) ORGANIZATION TO PRESERVE THE ARTISTIC, CULTURAL, HISTORIC AND OTHER ASPECTS OF NORWEGIAN-AMERICAN PAST.
Program accomplishments
- SCHOLARSHIP PROGRAM - TO OFFER SCHOLARSHIPS AT THE GRADUATE LEVEL TO U.S. CITIZENS TO STUDY AT A NORWEGIAN UNIVERSITY AND TO OFFER SCHOLARSHIPS AT THE GRADUATE LEVEL TO NORWEGIAN STUDENTS TO STUDY AT A COLLEGE OR UNIVERSITY IN WISCONSIN.Expenses $50,000 · grants $50,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3802831
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N65)
- Assets (IRS master file)
- $1,930,943
- Income (IRS master file)
- $217,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $166,287 | $50,000 | $1,930,943 | XML |
| 990 | December 2023 | $125,835 | $54,550 | $1,757,476 | XML |
| 990 | December 2022 | $100,733 | $50,000 | $1,563,239 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3802831).
Questions about MADISON TORSKE KLUBBEN FOUNDATIONINC
- What is the EIN of MADISON TORSKE KLUBBEN FOUNDATIONINC?
- The employer identification number (EIN) of MADISON TORSKE KLUBBEN FOUNDATIONINC is 20-3802831.
- Is MADISON TORSKE KLUBBEN FOUNDATIONINC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MADISON TORSKE KLUBBEN FOUNDATIONINC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON TORSKE KLUBBEN FOUNDATIONINC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MADISON TORSKE KLUBBEN FOUNDATIONINC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADISON TORSKE KLUBBEN FOUNDATIONINC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MADISON TORSKE KLUBBEN FOUNDATIONINC?
- The 990 for the year ended December 31, 2024 names RYAN ANDERSON.
- Who are the officers and directors of MADISON TORSKE KLUBBEN FOUNDATIONINC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MADISON TORSKE KLUBBEN FOUNDATIONINC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $166,287, expenses of $50,000 and total assets of $1,930,943 at year end.
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All nonprofits in OREGON · Wisconsin · Recreation and sports