American Swedish Institute is located in Minneapolis, MN. The organization was established in 1942. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, American Swedish Institute employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Swedish Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, American Swedish Institute generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.3m during the year ending 09/2023. While expenses have increased by 4.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASI IS A PLACE TO SHARE SWEDISH EXPERIENCES OF CULTURE, MIGRATION, THE ENVIRONMENT AND THE ARTS.
Describe the Organization's Program Activity:
EXHIBITIONS: ASI DEVELOPED FOUR MAJOR EXHIBITS IN FY2023 WITH ACCOMPANYING SECONDARY EXHIBITS SECRETS OF THE SEASON HOLIDAY EXPERIENCE, FLUIDITY: IDENTITY IN SWEDISH GLASS, LEAVING YOUR MARK: STORIES IN WOOD, AND OUR DRAGON STORY FAMILY EXHIBITION. ASI'S EXHIBITS RANGE IN THEMES FROM SWEDISH AND NORDIC ARTS, CRAFT HISTORY, AND CONTEMPORARY LIFE, OFTEN DEVELOPED IN CONJUNCTION WITH LOCAL PARTNERING ORGANIZATIONS AND ARTISTS AS WELL AS THE SWEDISH EMBASSY AND NORDIC HERITAGE MUSEUMS. ONE OF THE MAJOR EXHIBIT EXPERIENCES IS THE 33-ROOM TURNBLAD MANSION AND ITS ANNUAL NORDIC HOLIDAY DISPLAYS REPRESENTING DISPLAYS FOR THE FIVE NORDIC COUNTRIES BY LOCAL ARTISTS AND ORGANIZATIONS. VISITOR AND VOLUNTEER SERVICES: THIS UNIT OVERSEES MUSEUM ADMISSION FUNCTIONS, CUSTOMER SERVICE, PROGRAM REGISTRATION AND GROUP TOURS. ADDITIONALLY, THIS UNIT RECRUITS, TRAINS AND MANAGES A LARGE COHORT OF VOLUNTEERS. IN FY 2023, APPROXIMATELY 150 INDIVIDUALS VOLUNTEERED THROUGHOUT THE ORGANIZATION. COLLECTIONS: ASI MAINTAINS MATERIAL COLLECTIONS, LIBRARY, AND ARCHIVES COLLECTIONS. THE GOAL OF ASI'S COLLECTIONS IS TO REFLECT THE CULTURES OF SWEDEN AND SWEDISH AMERICA AND TO PROVIDE RESOURCES FOR RESEARCH FOR ASI STAFF, SCHOLARS, AND THE PUBLIC.
THE AMERICAN SWEDISH INSTITUTE CREATES AND PRESENTS EDUCATIONAL ACTIVITIES FOR LIFE-LONG LEARNING. PROGRAMS AND EXHIBITS ARE DEVELOPED USING AN AUDIENCE DRIVEN PROCESS; MATCHING MISSION AND STRATEGIC GOALS TO INTERESTS AND BEHAVIORS OF OUR AUDIENCES. ASI IS ONE OF FIVE HUB ORGANIZATIONS IDENTIFIED BY THE SWEDISH EMBASSY TO PARTNER ON CULTURAL AND BUSINESS PROGRAMS AND EVENTS. PROGRAMS: ADULT PROGRAMS INCLUDE SWEDISH AND FINNISH LANGUAGE CLASSES; HANDCRAFT, FOODWAYS, FOLK ART, AND CULTURE WORKSHOPS; AS WELL AS LECTURES, TOURS, EXHIBIT OPENINGS, CONCERTS, AND SPECIAL EVENTS. YOUTH AND FAMILY PROGRAMS OFFER ACTIVITIES FOR PRESCHOOLERS THROUGH COLLEGE STUDENTS. PROGRAMS INCLUDE SVENSKA SKOLAN SWEDISH LANGUAGE CLASSES FOR CHILDREN AND YOUTH, CRAFT WORKSHOPS FOR YOUTH, SEASONAL YOUTH AND FAMILY ACTIVITIES, COMMUNITY PROGRAMS (AT ASI AND OUTREACH IN SCHOOLS), AFTER-SCHOOL PROGRAMS AND CAMPS. ASI ALSO INCORPORATES CHILDREN/FAMILY ACTIVITIES FOR ALL MAJOR EXHIBITS. PROGRAMS ARE OFFER ON-SITE AND IN-PERSON AS WELL AS THROUGH VIRTUAL MEDIA
CULTURAL ENTERPRISES INCLUDE THREE UNITS: RETAIL THROUGH THE ON-SITE MUSEUM STORE AND ITS E-COMMERCE SITE; FOOD SERVICE AT FIKA CAF AND SLATE&STONE CATERING; AND FACILITY RENTALS FOR PRIVATE EVENTS. THE MUSEUM STORE AND FIKA CAF ARE LOCATED IN THE NELSON CULTURAL CENTER AND ARE MUSEUM ENHANCING VISITOR AMENITIES. RETAIL SELLS TRADITIONAL AND MODERN NORDIC ITEMS RELATING TO THE MISSION OF ASI AND MUSEUM, PROGRAMS, AND EXHIBITS. FIKA CAFE FEATURES NEW NORDIC CUISINE AS WELL AS TRADITIONAL SWEDISH MENU ITEMS. THE FACILITIES RENTAL UNIT COORDINATES SPACE RENTALS IN THE NELSON CULTURAL CENTER, THE TURNBLAD MANSION AS WELL AS OUTDOOR SPACES FOR THOSE DESIRING A PRIVATE GROUP EXPERIENCE AT ASI.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Margaret Adamek Chair | OfficerTrustee | 1.8 | $0 |
David Sorensen Vice Chair | OfficerTrustee | 1.8 | $0 |
Elizabeth Olson Treasurer | OfficerTrustee | 1.8 | $0 |
Lynnea Atlas-Ingebretson Secretary | OfficerTrustee | 1.8 | $0 |
Marcia Anderson Board Member | Trustee | 1.8 | $0 |
Aimee Richcreek Baxter Board Member | Trustee | 1.8 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Je Dunn Construction | 9/29/23 | $328,341 |
Hammel Green And Abrahamson Construction Architecture | 9/29/23 | $314,819 |
Success Computer Consulting Computer Technical Support | 9/29/23 | $108,274 |
Alliant Group Credit Assistance | 9/29/23 | $126,450 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $322,637 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $209,142 |
All other contributions, gifts, grants, and similar amounts not included above | $3,877,346 |
Noncash contributions included in lines 1a–1f | $68,018 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,409,125 |
Total Program Service Revenue | $1,186,210 |
Investment income | $204,250 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $218,029 |
Net Gain/Loss on Asset Sales | $12,953 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $607,325 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,637,892 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $15,630 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $475,383 |
Compensation of current officers, directors, key employees. | $422,562 |
Compensation to disqualified persons | $2,320,389 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $27,494 |
Other employee benefits | $219,501 |
Payroll taxes | $190,359 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,489 |
Fees for services: Accounting | $74,029 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,178 |
Fees for services: Other | $268,248 |
Advertising and promotion | $85,917 |
Office expenses | $363,429 |
Information technology | $141,897 |
Royalties | $0 |
Occupancy | $256,020 |
Travel | $86,213 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $213 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,118,863 |
Insurance | $89,941 |
All other expenses | $86,718 |
Total functional expenses | $6,349,348 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $186,118 |
Savings and temporary cash investments | $3,788,206 |
Pledges and grants receivable | $2,028,560 |
Accounts receivable, net | $67,020 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $265,396 |
Prepaid expenses and deferred charges | $89,118 |
Net Land, buildings, and equipment | $33,943,228 |
Investments—publicly traded securities | $5,378,567 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,580,012 |
Total assets | $60,326,225 |
Accounts payable and accrued expenses | $902,584 |
Grants payable | $0 |
Deferred revenue | $190,592 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $6,310,012 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $7,403,188 |
Net assets without donor restrictions | $30,437,896 |
Net assets with donor restrictions | $22,485,141 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $60,326,225 |