NORWEGIAN AMERICAN CHAMBER OF COMMERCE MID-ATLANTIC CHAPTER Charity Report

Public IRS 990 nonprofit record

NORWEGIAN AMERICAN CHAMBER OF COMMERCE MID-ATLANTIC CHAPTER

EIN 05-0536672 · Chambers of Commerce & Business Leagues (S41)

What they do

NACC MA is THE PREMIER FORUM for NORWEGIAN and U.S. MEMBER COMPANIES ENGAGED IN INTERNATIONAL TRADE and MARKET EXPANSION IN THE WASHINGTON D.C. METROPOLITAN AREA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

109.74%of revenue went to mission work84.4% of expenses · Program services

1.13%of revenue went to fundraising0.9% of expenses

$130.05spent for every $100 of revenueSpending was higher than revenue this year.

19.17%of revenue went to management and office costs14.7% of expenses

$0.83in assets for every $1 spent this yearSome assets cannot be spent right away.

47.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $33,962 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$113,033

Mission workProgram services$124,048109.74% of revenue84.4% of expenses

ManagementOffice and general costs$21,66519.17% of revenue14.7% of expenses

FundraisingAsking for donations$1,2821.13% of revenue0.9% of expenses

Total expenses$146,995130.05% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.4% mission · 14.7% management · 0.9% fundraisingTotal expenses: 130.05% of revenue

2023Expense mix: 85.7% mission · 13.7% management · 0.6% fundraisingTotal expenses: 94.97% of revenue

2022Expense mix: 86.8% mission · 12.9% management · 0.3% fundraisingTotal expenses: 97.18% of revenue

2021Expense mix: 71.5% mission · 10.0% management · 18.5% fundraisingTotal expenses: 92.51% of revenue

2020Expense mix: 82.6% mission · 16.8% management · 0.6% fundraisingTotal expenses: 87.14% of revenue

2019Expense mix: 85.8% mission · 11.7% management · 2.5% fundraisingTotal expenses: 107.42% of revenue

2018Expense mix: 67.8% mission · 32.2% management · 0.0% fundraisingTotal expenses: 97.63% of revenue

Money in and money out

Revenue$113,033

Expenses$146,995

Annual shortfall $33,962 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$124,048 · 84.4% of expenses

Management and office costs$21,665 · 14.7% of expenses

Fundraising$1,282 · 0.9% of expenses

See all reported dollar amounts

Revenue$113,033

Expenses$146,995

Assets$122,048

Income$113,033

Contributions$53,409

Mission work (program services)$124,048

Fundraising$1,282

Grants given$298,970

Average grant$42,710

Management and general$21,665

Accounting fees$2,725

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (16)

ALEX SAKLAMBANAKISBOARD MEMBER

ARNE SKJAERPEBOARD MEMBER

BRIAN TREATBOARD MEMBER

CHLOE FRIBERGTREASURER

DAVID FUNKHOUSERBOARD MEMBER

EINAR GUSTAFSONVICE PRESIDE

EIRIK TORD JENSENBOARD MEMBER

IDAR G VOLDNESCHAIRMAN

IRENE BLANKEBURGBOARD MEMBER

JASMIN UTTERBOARD MEMBER

KJELL KRINGSJABOARD MEMBER

NATE TETIBOARD MEMBER

STEFFEN TENGESDALBOARD MEMBER

STEPHANIE DRISCOLLBOARD MEMBER

STEVEN SAWHILLBOARD MEMBER

SUSIE PAEKSECRETARY

About this charity

Recognized since: January 2005
Location: 3000 K ST NW SUITE 235, WASHINGTON, DC 20007-5109
County: District of Columbia
In care of: % NORDVIK ATLE B
Primary officer: IDAR G VOLDNES, CHAIRMAN

How to reach them

Phone(703) 476-2500 Officer phone(703) 827-0636

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: HUEY AND ASSOCIATES PC
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues
Grant-giving organization: Yes