2016-11-15T09:06:19-06:00 2015-12-31 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2015-01-01 042105955 SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON INC SCAN 6175276566 206 WALTHAM STREET W NEWTON MA 02465 JOSEPH CARELLA EXECUTIVE DIRECTOR 6179646203 2016-11-15 1 JOYCE RIPIANZI CPA P00548581 9785575300 2015 2017-02-10 21:41:12Z JOSEPH CARELLA 206 WALTHAM STREET W NEWTON MA 02465 4054881 0 X HTTP://WWW.SLCENTER.ORG X 1912 MA THE SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON IS COMMITTED TO PROVIDING AFFORDABLE HOUSING AND ASSISTANCE TO ELDERS AND TO SUPPORT CULTURAL ENRICHMENT AND COMMUNITY CONNECTION. 26 24 0 0 0 0 101508 327286 2314570 2330888 108948 203452 16787 16964 2541813 2878590 0 0 0 0 1036669 1037650 0 0 117063 1599627 1626323 2636296 2663973 -94483 214617 7764494 7632548 2692057 2624094 5072437 5008454 THE SCANDINAVIAN CHARITABLE SOCIETY OF GREATER BOSTON IS COMMITTED TO PROVIDING AFFORDABLE HOUSING AND ASSISTANCE TO ELDERS AND TO SUPPORT CULTURAL ENRICHMENT AND COMMUNITY CONNECTION. 0 0 1985943 2303600 SCANDINAVIAN LIVING CENTER- DURING THE YEAR THE ORGANIZATION HAD 39 ELDERLY RESIDENTS, WHICH CONSISTED OF 11 MALES AND 28 FEMALES WITH AN AVERAGE AGE OF 88. OF THE 39 RESIDENTS, 6 WERE LOW INCOME, 23 MODERATE INCOME AND 10 WERE AT MARKET RATE INCOME LEVELS BASED ON HUD. 221569 27288 THE SCANDINAVIAN CHARITABLE SOCIETY BELIEVES THAT THE LIVING CENTER AND THE CULTURAL CENTER COMPLEMENT EACH OTHER THROUGH MUTUALLY SUPPORTIVE ACTIVITIES WHILE SHARING SPACE. THE SOCIETY, THROUGH THE CULTURAL CENTER, IS COMMITTED TO POSITIONING ITSELF AS THE PREMIERE HUB FOR NORDIC CULTURAL ACTIVITIES IN NEW ENGLAND BY SHARING IMPORTANT ELEMENTS OF SCANDINAVIAN CULTURE WITH THE WIDER COMMUNITY.THE SECOND GOAL OF THE SCANDINAVIAN CULTURAL CENTER IS TO BE A LOCATION FOR AND SOURCE OF ENRICHING AND THOUGHT-PROVOKING EVENTS FOR RESIDENTS OF NEWTON AND GREATER BOSTON. THESE GOALS ARE ACHIEVED THROUGH COLLABORATIONS WITH OTHER ORGANIZATIONS, AND THROUGH THE CULTURAL CENTER'S OWN PROGRAMS. 2207512 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X JOSEPH CARELLA EXECUTIVE DIRECTOR 6175276566 206 WALTHAM STREET W NEWTON MA 02465 TERJE KORSNES PAST PRESIDENT 0.50 X 0 0 0 PETER VATNE VICE PRESIDENT 0.50 X X 0 0 0 MARIANNE HESSNER CORRESP. SEC. 0.50 X X 0 0 0 GARDI HAUCK PAST PRESIDENT 0.50 X X 0 0 0 HANS CHRISTENSEN ASSISTANT TREASURER 0.50 X X 0 0 0 JOHN GREGG DIRECTOR 0.50 X 0 0 0 CHRISTINE PETERSON PRESIDENT 0.50 X 0 0 0 STANLEY NYBERG PAST PRESIDENT 0.50 X 0 0 0 LINDA CHRISTIANSON DIRECTOR 0.50 X 0 0 0 THOR HELGASON DIRECTOR 0.50 X 0 0 0 CARSTEN KOWALCZYK DIRECTOR 0.50 X 0 0 0 LUANA JOSVOLD RECORDING SECRETARY 0.50 X 0 0 0 STEFAN AHLBLAD DIRECTOR 0.50 X 0 0 0 MARTIN LEHMAN DIRECTOR 0.50 X 0 0 0 REBECCA SULLIVAN TREASURER 0.50 X X 0 0 0 DAVID WILSON DIRECTOR 0.50 X 0 0 0 JUDY NELSON DIRECTOR 0.50 X 0 0 0 TRYGGVE FOSSUM DIRECTOR 0.50 X 0 0 0 JOAN HOLST DIRECTOR 0.50 X 0 0 0 VICTORIA DANBERG DIRECTOR 0.50 X 0 0 0 JOHN ELANDER PAST PRESIDENT 0.50 X 0 0 0 RUTH ELANDER PAST PRESIDENT 0.50 X 0 0 0 ELIN PROPPE PAST PRESIDENT 0.50 X 0 0 0 JOYCE HAGLUND DIRECTOR 0.50 X 0 0 0 ANNE-REET ANNUZIATA DIRECTOR 0.50 X 0 0 0 BOB ELLERTSEN DIRECTOR 0.50 X 0 0 0 JOSEPH CARELLA EXECUTIVE DIRECTOR 45.00 X 119114 0 10187 119114 0 10187 1 0 0 0 GLENDALE SENIOR DINING 749 E INDUSTRIAL PARK DR MANCHEST WALTHAM NH 03109 FOOD SERVICE 491591 HERITAGE HEALTH SYSTEMS INC 25 WESTERN INDUSTRIAL DRIVE CRANSTON RI 02921 HOUSEKEEPING & MAINTENANCE 165251 ELANDER JOHN R & SON INC 27 GALEN STREET WALTHAM MA 02451 CONSTRUCTION 153615 3 327286 327286 RESIDENTS'FEES 623000 2251335 2251335 COMMUNITY FEES 623000 52265 52265 FOOD FEST EVENT 623000 16603 16603 CULTURAL CENTER TICKET SALES 623000 10685 10685 2330888 31173 31173 33612 16648 16964 16964 16964 1331922 1159643 172279 172279 172279 2878590 2330888 0 220416 129301 45255 71116 12930 762370 572441 112432 77497 70157 52411 10616 7130 75822 52825 15306 7691 2278 2278 38441 38441 17288 17288 1560 513 1047 28457 13313 3329 11815 41571 26824 14747 384663 374725 9938 633 633 104953 102077 2876 258222 251000 7222 63208 53840 9368 FOOD SERVICE 472919 472919 HOUSEKEEPING EXPENSES 103711 103711 ACTIVITIES PROGRAM SUPP 41681 41681 CULTURAL CENTER ACTIVIT 38380 38380 28358 3319 25039 2663973 2207512 339398 117063 46844 63749 343089 458453 6800 12925 21338 11342 31670 31399 9265540 3956166 5299271 5309374 2015482 1745306 7764494 7632548 218889 234769 6200 0 2286914 2230571 180054 158754 2692057 2624094 X 4410869 4420607 382835 301778 278733 286069 5072437 5008454 7764494 7632548 X 214617 -277506 -1094 X X 0 1 X 1 0 X 183668 294701 158373 101508 327286 1065536 2171015 2190164 2264422 2314570 2330888 11271059 2354683 2484865 2422795 2416078 2658174 12336595 67450 35995 33935 17710 155090 937439 1078777 1187184 1233683 922124 5359207 1004889 1114772 1221119 1251393 922124 5514297 6822298 54764 68786 62881 108948 203452 498831 54764 68786 62881 108948 203452 498831 2409447 2553651 2485676 2525026 2861626 12835426 0.53150 0.51910 0.03890 0.02620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 307968 6025 1658 20000 295651 299816 2425 5727 307968 268445 18485 25586 10000 2700 299816 221439 21536 25470 268445 190031 37028 -5620 221439 0.97000 0.03000 1 0 10855 10855 7855080 3070935 4784145 1037985 788994 248991 361620 96237 265383 5309374 ANNUITY PAYABLE 8855 RESIDENT SECURITY DEPOSITS 149899 158754 X 2599350 -277506 -1094 -278600 2877950 17288 -16648 640 2878590 2663333 16648 16648 2646685 17288 17288 2663973 PART V, LINE 4: THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS WILL BE EXPENDED IN ACCORDANCE WITH DONOR RESTICTIONS. THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS WILL BE HELD IN PERPETUITY. PART X, LINE 2: THE SOCIETY IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. AS A RESULT, NO PROVISION FOR INCOME TAXES IS PRESENTED IN THESE FINANCIAL STATEMENTS. HOWEVER, IN CERTAIN CIRCUMSTANCES, THE SOCIETY MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM UNRELATED TRADE OR BUSINESS INCOME. AS DECEMBER 31, 2015 AND 2014, MANAGEMENT HAS DETERMINED THAT THE SOCIETY DOES NOT HAVE ANY LIABILITIES ASSOCIATED WITH UNRELATED TRADE OR BUSINESS INCOME. THE SOCIETY ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE SOCIETY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS. THE SOCIETY HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS DECEMBER 31, 2015 AND 2014. THE SOCIETY DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN ANNUITY PAYABLE -1,094. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET OF REVENUE -16,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET OF REVENUE 16,648. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2009-05-14 2673000 $2,550,258 REFUND PRIOR ISSUANCE;$40,249 BOND ISSUANCE COSTS; $82,493 FEES 0 0 0 A 2673000 40249 2632751 2001 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN ELANDER AND RUTH ELANDER ARE A MARRIED COUPLE. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING FORM 990 THE COMPLETED FORM IS DISTRIBUTED, REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. ONCE COMMITTEE APPROVAL IS OBTAINED A COPY OF THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL NEW BOARD MEMBERS TO SIGN THE POLICY TO IDENTIFY ANY CONFLICTS THAT EXIST AT THE TIME OF SIGNING. DURING BOARD MEETINGS, MEMBERS ARE ASKED TO IDENTIFY ANY CONFLICTS AS THEY ARISE AND RECUSE THEMSELVES FROM TAKING PART IN A VOTE THAT INVOLVES A MATTER OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE YEARLY PERFORMANCE EVALUATION AND SALARY REVIEW OF THE EXECUTIVE DIRECTOR AND ANY OTHER EMPLOYEES EARNING $50,000 AND OVER. THEY USE A SALARY SURVEY AS A BENCHMARK FOR EACH POSITION, UTILIZING COMPARABLES FROM OTHER SIMILAR ORGANIZATIONS AND OTHER AVAILABLE DATA. THE BOARD WILL REVIEW AND APPROVE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WAS INCORPORATED IN 1912 AND THEREFORE DID NOT FILE A FORM 1023 WITH THE IRS FOR TAX EXEMPT STATUS. THE ORGANIZATION RECIEVED A DETERMINATION LETTER IN 1939 FROM THE IRS. THIS DOCUMENT AND THE 990 WILL BE AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN ANNUITY PAYABLE -1,094. FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUTANTS. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.