Bank Of Sweden Tercentenary Foundation
- Assets
- $1.6b
- Revenue
- $144.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 98-0108427
Organization Overview
Bank Of Sweden Tercentenary Foundation is located in Atlanta, GA. The organization was established in 1992. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bank Of Sweden Tercentenary Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Bank Of Sweden Tercentenary Foundation generated $144.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BANK OF SWEDEN TER. FDN. IS AN INDEPENDENT GRANT MAKING FDN BASED IN STOCKHOLM, SWEDEN. GRANTS ARE MADE TO PROMOTE SCIENTIFIC RESEARCH IN SWEDEN. THERE IS NO 2021 OPERATING ACTIVITY IN U.S.OTHER THAN INVESTMENT IN U.S. STOCKS AND THE FDN IS NOT INCORPORATED IN U.S. BUT HAS AN EXEMPT CERTIFICATE. SEE SCH. O & SUPPL. STMTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BANK OF SWEDEN TERCENTENARY FOUNDATION IS AN INDEPENDENT GRANT MAKING FOUNDATION BASED IN STOCKHOLM, SWEDEN. GRANTS ARE MADE TO SUPPORT AND PROMOTE SCIENTIFIC RESEARCH CONNECTED WITH SWEDEN.NO GRANTS TO U.S. SOURCES HAVE BEEN MADE BY THE FOUNDATION. NO SALARIES ARE PAID IN THE U.S. ALL FUNDS ARE EXPENDED TO FURTHER AND PROMOTE SCIENTIFIC RESEARCH LINKED TO SWEDEN. THERE WAS NO REPORTABLE 2021 ACTIVITY AT ALL IN THE U.S OTHER THAN INVESTMENTS IS U.S. STOCKS.ADDITIONAL INFORMATION AVAILABLE UPON REQUEST. SEE SUPPLEMENTAL INFORMATION STMT ATTACHED FOR DISCUSSION OF HOW GRANTS ARE AWARDED AND OTHER DETAILS.2021 EXCHANGE RATE: 1 KRONA = 0.116495 U.S. DOLLARS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marika Hedin CEO | Officer | 40 | $217,273 |
Anders Malmberg President | Officer | 7 | $25,593 |
Kerstin Hessius Director | Trustee | 3 | $15,815 |
Jan Haggstrom Director | Trustee | 2 | $11,443 |
Lynn Akesson Director | Trustee | 4 | $9,922 |
Christofer Edling Director | Trustee | 4 | $9,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $34,804,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,009,888 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,244,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $328,880 |
| Compensation of current officers, directors, key employees. | $65,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,189,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $199,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,405,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,281,305 |
| Savings and temporary cash investments | $83,201,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $291,470 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,270,158,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,284,483 |
| Total assets | $1,577,216,718 |
| Accounts payable and accrued expenses | $265,725 |
| Grants payable | $187,292,390 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,352,382 |
| Total liabilities | $206,910,497 |
| Net assets without donor restrictions | $1,123,669,997 |
| Net assets with donor restrictions | $246,636,224 |
| 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 | $1,577,216,718 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Leprosy Missions Inc Greenville, SC | $13,933,685 | $11,713,993 |
Bank Of Sweden Tercentenary Foundation Atlanta, GA | $1,577,216,718 | $144,244,925 |
Asia Harvest Winston Salem, NC | $3,139,213 | $8,431,865 |
Mully Childrens Family Usa Inc Alpharetta, GA | $1,079,646 | $4,196,632 |
Vinacapital Foundation Highlands, NC | $2,325,034 | $2,550,565 |
Novak Djokovic Foundation Usa Mooresville, NC | $1,770,113 | $619,559 |
Schools For Haiti Inc Tampa, FL | $560,678 | $1,160,484 |
Simones Kids Inc Cartersville, GA | $466,346 | $762,427 |
Rayo De Sol Inc Atlanta, GA | $748,737 | $614,503 |
Param Shakti Peeth Of America Foundation Coral Springs, FL | $106,927 | $400,293 |
Parakaleo International Clover, SC | $475,742 | $825,058 |
Swayam Krishi Sangam Foundation Longboat Key, FL | $66,822 | $0 |