2025-08-25T15:46:00-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2024-01-01 426081638 VESTERHEIM NORWEGIAN-AMERICAN MUSEUM VEST 5633829681 523 WEST WATER STREET DECORAH IA 52101 CHRIS JOHNSON PRESIDENT/CEO 5633829681 2025-08-18 1 0 DAVID LITTLE P01480921 3193632697 2025-07-30 2024 2025-03-06 01:10:19Z CHRIS JOHNSON 523 WEST WATER STREET DECORAH IA 52101 8104774 0 X WWW.VESTERHEIM.ORG X 1965 IA BUILDING COMMUNITY AND CREATING EXPERIENCES INSPIRED BY NORWEGIAN-AMERICAN STORIES AND FOLK ART. THE MUSEUM IS A NATIONAL TREASURE THAT EXPLORES THE DIVERSITY OF AMERICAN IMMIGRATION THROUGH THE LENS OF NORWEGIAN-AMERICAN EXPERIENCE, SHOWCASES THE BEST IN HISTORIC AND CONTEMPORARY NORWEGIAN FOLK AND FINE ARTS, AND PRESERVES LIVING TRADITIONS THROUGH CLASSES IN NORWEGIAN CULTURE AND FOLK ART, INCLUDING ROSEMALING (DECORATIVE PAINTING), WOODWORKING, KNIFEMAKING, METALWORKING, TRADITIONAL FOOD WAYS, AND TEXTILE ARTS. 25 25 63 312 0 0 3027204 2345098 998125 977586 760512 1102169 247026 253182 5032867 4678035 0 0 0 0 1857420 1951379 0 0 636725 1983681 2393214 3841101 4344593 1191766 333442 31026303 30677256 5788112 4691684 25238191 25985572 X BUILDING COMMUNITY AND CREATING EXPERIENCES INSPIRED BY NORWEGIAN-AMERICAN STORIES AND FOLK ART.THE MUSEUM IS A NATIONAL TREASURE THAT EXPLORES THE DIVERSITY OF AMERICAN IMMIGRATION THROUGH THE LENS OF NORWEGIAN-AMERICAN EXPERIENCE, SHOWCASES THE BEST IN HISTORIC AND CONTEMPORARY NORWEGIAN FOLK AND FINE ARTS, AND PRESERVES LIVING TRADITIONS THROUGH CLASSES IN NORWEGIAN CULTURE AND FOLK ART, INCLUDING ROSEMALING (DECORATIVE PAINTING), WOODWORKING, KNIFEMAKING, TRADITIONAL FOOD WAYS, AND TEXTILE ARTS. 0 0 1173229 0 644865 EDUCATION - THE MUSEUM OFFERS EDUCATION CLASSES ON VARIOUS NORWEGIAN FOLK ART TRADITIONS AS WELL AS OFFER EDUCATIONAL GUIDED TOURS OF NORWAY TO THEIR MEMBERS AND THE GENERAL PUBLIC. ONLINE PROGRAMS, INCLUDING CLASSES AND COLLECTION TALKS, BEGAN IN 2020 AS A RESULT OF THE PANDEMIC. 847862 0 COLLECTION CARE- THE MUSEUM HOUSES A COLLECTION OF OVER 33,000 ARTIFACTS, A COMPLEX OF 16 BUILDINGS, AND A FARMSTEAD. MUSEUM STAFF PROVIDE CARE AND UPKEEP AS WELL AS THE AQUISITION OF 606 NEW ARTIFACTS. 406020 0 599073 MUSEUM STORE - THE MUSEUM HAS VARIOUS NORWEGIAN-RELATED BOOKS, CRAFTS, AND OTHER ITEMS FOR RESALE TO THEIR MEMBERS AND THE GENERAL PUBLIC. 2427111 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 73 0 63 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X CHRIS JOHNSON 5633829681 523 WEST WATER STREET DECORAH IA 52101 RUDE BRIAN CHAIR 1.00 X X 0 0 0 TRYGSTAD CRAIG VICE CHAIR 1.00 X X 0 0 0 PLATOU LIZ SECRETARY 1.00 X X 0 0 0 ALSAKER DAN TRUSTEE 1.00 X 0 0 0 BARNETT KATHERINE 1.00 X 0 0 0 BIRKLAND CAROL TRUSTEE 1.00 X 0 0 0 BOMAN GREG TRUSTEE 1.00 X 0 0 0 DAHL JANSEN TRUSTEE 1.00 X 0 0 0 ERDMAN LINDSAY TRUSTEE 1.00 X 0 0 0 ESPINOSA KARI TRUSTEE 1.00 X 0 0 0 FRETHEIM DANIEL TRUSTEE 1.00 X 0 0 0 HANSON LOUISE TRUSTEE 1.00 X 0 0 0 HOVDEN CHARIS TRUSTEE 1.00 X 0 0 0 JOHNSON MAREN TRUSTEE 1.00 X 0 0 0 KEMP JANE TRUSTEE 1.00 X 0 0 0 KVENVOLD GAYLE TRUSTEE 1.00 X 0 0 0 LARSON BRIAN TRUSTEE 1.00 X 0 0 0 MIES KIRK TRUSTEE 1.00 X 0 0 0 MILLER HEATHER TRUSTEE 1.00 X 0 0 0 NIELSON MARTHA GESME TRUSTEE 1.00 X 0 0 0 NICHOLS BJ TRUSTEE 1.00 X 0 0 0 NORDAN KENNETH TRUSTEE 1.00 X 0 0 0 REITAN RACHEL TRUSTEE 1.00 X 0 0 0 SCHULTZ RUTH TRUSTEE 1.00 X 0 0 0 SORENSON RUTH TRUSTEE 1.00 X 0 0 0 JOHNSON CHRIS PRESIDENT 40.00 X 134763 0 6378 DUBE SITHABILE CFO/TREASURER 40.00 X 115000 0 228 249763 0 6606 2 0 0 0 BUILDING RESTORATION CORPORATION 1920 OAKCREST AVENUE STE 1 ROSEVILLE MN 55113 CONSTRUCTION 234837 1 45000 2300098 25664 2345098 TUITION AND TOUR FEES 711300 644865 644865 ADMISSION, MEMBERSHIP & PUBLICATI 713990 332721 332721 977586 262296 262296 8068 25548 -17480 -17480 -17480 3957642 732 3118501 0 839141 732 839873 839873 914 0 914 914 549042 282690 266352 266352 MISC. REVENUE 900099 3396 3396 3396 4678035 1243938 0 1088999 256369 105111 112803 38455 1414676 587189 626794 200693 40994 16808 18037 6149 117053 47992 51503 17558 122287 50138 53806 18343 500 500 28397 28397 58380 58380 135654 21689 63718 50247 31184 16558 14313 313 260164 59546 69275 131343 55972 25654 23483 6835 153691 99211 44880 9600 160 99 61 160809 96486 32161 32162 647783 579469 38549 29765 100670 90054 5990 4626 EVENTS AND TOURS EXPENS 392920 378839 742 13339 CLASSES EXPENSE 192180 192180 POSTAGE AND FREIGHT 67484 20282 26810 20392 DUES AND SUBSCRIPTIONS 59914 7754 10616 41544 47352 32052 15300 4344593 2427111 1280757 636725 1100 1045 1655341 1479873 2139346 1862108 20606 8762 124759 129292 31272 140187 19795778 5032456 14448608 14763322 12372984 12178640 232287 114027 31026303 30677256 603637 338751 157638 582846 5001010 3749864 25827 20223 5788112 4691684 X 13126644 13626586 12111547 12358986 25238191 25985572 31026303 30677256 333442 413939 0 X X 0 1 X 1 0 X 1715878 3839336 4338286 3027204 2345098 15265802 452813 907966 995116 1572673 1526628 5455196 2168691 4747302 5333402 4599877 3871726 20720998 261916 180346 133752 576014 660620 1079446 832297 1628817 1081977 5283157 660620 1079446 1094213 1809163 1215729 5859171 14861827 260003 268282 303821 305769 262296 1400171 260003 268282 303821 305769 262296 1400171 17468 2040 3396 22904 2428694 5015584 5654691 4907686 4137418 22144073 0.67110 0.71450 0.06320 0.07210 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC INCOME - 2022 AMOUNT: $ 17,468. 2023 AMOUNT: $ 2,040. 2024 AMOUNT: $ 3,396. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 11606274 383380 1349516 2028650 11310520 11654710 114973 1673905 1837314 11606274 14126010 352092 -1978746 844646 11654710 12394070 330883 3143121 1742064 14126010 11684959 65 1155745 520872 12319897 0.01400 0.54900 0.43700 1 0 432952 432952 18134657 4399543 13735114 572953 447701 125252 655216 185212 470004 14763322 LEASE LIABILITIES 20223 20223 X 5341832 413939 308238 722177 4619655 58380 58380 4678035 4594451 308238 308238 4286213 58380 58380 4344593 PART V, LINE 4: INTENDED USES FOR ENDOWMENT FUNDS - ENDOWMENT FUNDS CONSIST OF VARIOUS FUNDS ESTABLISHED TO SUPPORT GENERAL OPERATIONS AND PROGRAMMING NEEDS OF THE MUSEUM. PART X, LINE 2: THE MUSEUM IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE MUSEUM QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE MUSEUM'S FEDERAL EXEMPT ORGANIZATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 282,690. RENTAL EXPENSES 25,548. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 282,690. RENTAL EXPENSES 25,548. X 4 25664 FMV 0 0 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS WHO DONATED STOCK DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE COMMITTEES OF THE BOARD OF TRUSTEES SHALL BE THE GOVERNING COMMITTEES SPECIFIED IN THE BYLAWS AND SUCH OTHER PROGRAM AND SPECIAL COMMITTEES AS MAY BE ESTABLISHED BY THE BOARD FROM TIME TO TIME. THE RESPONSIBILITIES OF EACH COMMITTEE, INCLUDING THE GOVERNING COMMITTEES, SHALL BE DEFINED IN THE RESPECTIVE COMMITTEE'S CHARTER INCLUDED IN THE BOARD OF TRUSTEES' GOVERNANCE MANUAL AS APPROVED BY THE BOARD AND AS IT MAY BE REVISED BY THE BOARD FROM TIME TO TIME. UNLESS EXPRESSLY AUTHORIZED BY THE BOARD, COMMITTEES SHALL HAVE NO AUTHORITY TO ENTER INTO CONTRACTS OR INCUR OBLIGATIONS ON BEHALF OF VESTERHEIM. COMMITTEES OTHER THAN GOVERNING COMMITTEES MAY BE TERMINATED OR REORGANIZED BY THE BOARD WITHOUT AMENDING THE BYLAWS. IN GENERAL, PROGRAM COMMITTEES OF THE BOARD SHALL BE THOSE COMMITTEES RESPONSIBLE FOR ADVISING THE BOARD WITH RESPECT TO EXHIBITIONS, EDUCATIONAL PROGRAMS, DEVELOPMENT AND MEMBERSHIP PROGRAMS, MARKETING AND OTHER ACTIVITIES UNDERTAKEN IN PURSUANCE OF VESTERHEIM'S MISSION AND THE USE OF VESTERHEIM'S COLLECTIONS AND FACILITIES IN SUPPORT OF THOSE PROGRAMS AND ACTIVITIES. GOVERNING COMMITTEES: A. EXECUTIVE COMMITTEE B. COLLECTION COMMITTEE C. FINANCE & AUDIT COMMITTEE D. GOVERNANCE & NOMINATING COMMITTEE NO FEWER THAN THREE (3) TRUSTEES SHALL SERVE ON EACH COMMITTEE. THE CHAIR OF THE BOARD OF TRUSTEES SHALL APPOINT THE CHAIR AND MEMBERS OF EACH COMMITTEE WITH THE APPROVAL OF THE BOARD OF TRUSTEES. MEMBERS FROM THE GENERAL MEMBERSHIP MAY BE REQUESTED BY THE CHAIR OF THE COMMITTEE TO SERVE AS NEEDED, SUBJECT TO THE APPROVAL OF THE CHAIR OF THE BOARD OF TRUSTEES. ANNUAL REPORTS FROM ALL STANDING COMMITTEES SHALL BE SUBMITTED IN TIME TO BE SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES WITH THE CALL OF THE FIRST MEETING OF THE FISCAL YEAR. THE CHAIR OF THE BOARD OF TRUSTEES SHALL BE AN EX OFFICIO MEMBER OF ALL COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 -THE GOVERNING BOARD WILL REVIEW THE RETURN AS WELL AS THE PRESIDENT/CEO, THE CFO, AND OTHER MANAGEMENT PERSONNEL. THE PRESIDENT/CEO WILL THEN SIGN THE RETURN PRIOR TO FILING IT. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEE, STAFF, AND VOLUTEERS SHOULD CONDUCT ALL OF THEIR ACTIVITIES IN SUCH AS A WAY THAT NO CONFLICT WILL ARISE BETWEEN THEM AND THE POLICIES, OPERATIONS, OR INTERESTS OF THE MUSEUM. EVEN THE APPEARANCE OF SUCH A CONFLICT SHOULD BE AVOIDED. TRUSTEES WILL FILE ANNUALLY A STATEMENT DISCLOSING THEIR PERSONAL, BUSINESS, OR ORGANIZATIONAL INTERESTS AND AFFILIATIONS AND THOSE OF PERSONS CLOSE TO THEM THAT COULD BE CONSTRUED AS BEING MUSEUM-RELATED. EACH TRUSTEE WILL BE RESPONSIBLE FOR NOTIFYING THE BOARD CHAIR WHENEVER SIGNIFICANT CHANGES OCCUR IN THE INFORMATION PROVIDED IN THE DISCLOSURE STATEMENT. WHENEVER THERE IS OR APPEARS TO BE A CONFLICT BETWEEN THE INTERESTS OF VESTERHEIM AND THE INTERESTS OF A TRUSTEE OR A PERSON CLOSE TO HIM/HER, THE TRUSTEE IS REQUIRED TO PROVIDE A FULL AND FAIR DISCLOSURE IN SUFFICIENT TIME TO PERMIT PROPER STEPS TO BE TAKEN TO INSULATE THAT TRUSTEE FROM INFLUENCING THE DECISIONS RELATED TO SUCH CONFLICT. IF THE TRUSTEE IS PRESENT WHEN A VOTE IS TAKEN IN CONNECTION WITH SUCH A QUESTION, THE TRUSTEE SHOULD REFRAIN FROM DISCUSSING THE ISSUE AND ABSTAIN FROM VOTING ON THE MATTER. THE ABSTENTION WILL BE NOTED IN THE OFFICIAL MINUTES. IN A SITUATION WHERE THE CONFLICT IS SO GRAVE IT CANNOT BE RESOLVED, THE CHAIR OF THE BOARD OF TRUSTEES MAY REQUEST, BUT MAY NOT DEMAND, THE TRUSTEE'S RESIGNATION. WHENEVER A MATTER ARISES THAT COULD BE PERCEIVED AS A CONFLICT BETWEEN THE INTERESTS OF VESTERHEIM AND AN EMPLOYEE OR AN EMPLOYEE'S FAMILY, THE EMPLOYEE SHOULD BRING THE MATTER TO THE ATTENTION OF HIS/HER SUPERVISOR FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 PER THE CHAIR OF THE BOARD OF TRUSTEES, "THE PERSONNEL SUBCOMMITTEE LOOKS AT PEER ORGANIZATION SALARIES, THE NORTHEAST IOWA ECONOMY, AND LOCAL ECONOMIC STATISTICS, AND EVALUATES CEO PERFORMANCE IN FOUR CRITICAL AREAS: STRATEGIC VISION, OPERATIONAL EXCELLENCE, LOCAL COMMUNITY RELATIONS AND FUNDRAISING.THE SUBCOMMITTEE MAKES A RECOMMENDATION TO THE FULL EXECUTIVE COMMITTEE, THEN TO THE BOARD IN CLOSED SESSION.TIMING WISE WE DO CEO EVALUATION OVERALL IN FEBRUARY AND CEO COMPENSATION IN AUGUST.THE CEO EVALUATION FOR SALARIES IS MORE OF A MID-YEAR SNAPSHOT." FORM 990, PART VI, SECTION C, LINE 19 VESTERHEIM'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. VESTERHEIM MAKES ITS GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED DURING THE YEAR.