Icelandic Communities Association
Nonprofit profile at a glance
- EIN
- 300104966
- IRS 990-EZ coverage
- 2013–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2012
- Location
- Mountain, ND, USA
- Phone
- 7019938240
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Humanities Organizations
Reported finances
- Revenue
- $28,321
- Expenses
- $17,821
- Assets
- $89,940
- Liabilities
- $540
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CURTIS OLAFSON (PRESIDENT)
- SHIRLEY OLGEIRSON (VICE PRESIDENT)
People named in this filing
- CURTIS OLAFSON (PRESIDENT)
- SHIRLEY OLGEIRSON (VICE PRESIDENT)
- SUE SIGURDSON POWERS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote, preserve, and celebrate icelandic heritage and culture.
What it reported doing in 2025
Deuce of august icelandic celbration. This three dayweekend event attracts an estimated 8,000-10,000 visitorsfrom all over the us, canada, and iceland.
Operating model
- Revenue model
- Other-operating. 78% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 74
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 37.1%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 5.05; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -3.7% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -9.9% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $34K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.