Form 990 for tax year 2022
Filed by AMERICAN-SCANDINAVIAN FOUNDATION.
Totals
- Total revenue
- $4,249,826
- Total expenses
- $4,690,011
- Contributions and grants received
- $2,336,434
- Grants paid
- $656,052
- Program service revenue
- $256,240
- Investment income
- $1,081,952
- Other revenue
- $575,200
- Total assets, end of year
- $49,962,523
- Total liabilities, end of year
- $1,201,188
- Net assets or fund balances, end of year
- $48,761,335
- Program services expenses (Part IX)
- $3,709,857
- Management and general expenses
- $690,952
- Fundraising expenses
- $289,202
- Program service expenses (Part III)
- $3,709,857
Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$137,596
-
1c · Fundraising events
$435,000
-
1e · Government grants (contributions)
$7,886
-
1f · All other contributions, gifts and grants
$1,755,952
-
2a · Program service revenue: EXCHANGE PROGRAM FEES
total $67,700 · related or exempt $67,700
-
2b · Program service revenue: PROGRAM FEES
total $188,540 · related or exempt $188,540
-
3 · Investment income
total $1,047,951 · excluded $1,047,951
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $569,904
-
6c · Rental income or loss
real property $569,904 · personal property $0
-
6d · Net rental income or loss
total $569,904 · excluded $569,904
-
7a · Gross sales of assets other than inventory
securities $3,598,960
-
7b · Less cost or other basis and sales expenses
securities $3,564,959
-
7c · Gain or loss
securities $34,001
-
7d · Net gain or loss
total $34,001 · excluded $34,001
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$435,000
-
8b · Fundraising events: direct expenses
$121,139
-
8c · Net income from fundraising events
total -$121,139 · excluded -$121,139
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$280,434
-
10b · Cost of goods sold
$154,239
-
10c · Net income from sales of inventory
total $126,195 · excluded $126,195
-
11a · Other revenue: ADVERTISING
total $240 · unrelated business $240
-
11e · Other revenue, total
$240
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $296,105 · program services $296,105
-
2 · Grants to domestic individuals
total $359,947 · program services $359,947
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $310,500 · program services $240,300 · management and general $56,025 · fundraising $14,175
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,298,198 · program services $938,146 · management and general $223,048 · fundraising $137,004
-
8 · Pension plan contributions
total $60,643 · program services $44,534 · management and general $7,041 · fundraising $9,068
-
9 · Other employee benefits
total $283,716 · program services $211,742 · management and general $34,690 · fundraising $37,284
-
10 · Payroll taxes
total $122,010 · program services $91,058 · management and general $14,918 · fundraising $16,034
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,750 · program services $3,794 · management and general $1,956
-
11c · Fees: accounting
total $52,520 · management and general $52,520
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $75,576 · management and general $75,576
-
11g · Fees: other
total $247,267 · program services $243,136 · fundraising $4,131
-
12 · Advertising and promotion
total $1,009 · program services $1,009
-
13 · Office expenses
total $217,653 · program services $184,765 · management and general $19,074 · fundraising $13,814
-
14 · Information technology
total $54,663 · program services $44,435 · management and general $7,868 · fundraising $2,360
-
15 · Royalties
total $0
-
16 · Occupancy
total $591,904 · program services $477,277 · management and general $88,174 · fundraising $26,453
-
17 · Travel
total $69,368 · program services $67,130 · management and general $1,185 · fundraising $1,053
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $33,389 · program services $27,595 · management and general $4,738 · fundraising $1,056
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $594,886 · program services $478,884 · management and general $89,232 · fundraising $26,770
-
23 · Insurance
total $14,907 · management and general $14,907
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $883,482 · end of year $123,001
-
2 · Savings and temporary cash investments
beginning of year $236,681 · end of year $936,741
-
3 · Pledges and grants receivable
beginning of year $30,250 · end of year $23,322
-
4 · Accounts receivable
beginning of year $172,693 · end of year $337,299
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $70,438 · end of year $43,063
-
9 · Prepaid expenses and deferred charges
beginning of year $240,983 · end of year $466,239
-
10a · Land, buildings and equipment: cost or other basis
$25,236,374
-
10b · Land, buildings and equipment: accumulated depreciation
$12,494,236
-
10c · Land, buildings and equipment, net
beginning of year $13,092,941 · end of year $12,742,138
-
11 · Investments: publicly traded securities
beginning of year $28,692,833 · end of year $30,022,576
-
12 · Investments: other securities
beginning of year $5,336,058 · end of year $5,268,144
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $265,504 · end of year $290,711
-
18 · Grants payable
beginning of year $1,366,398 · end of year $783,156
-
19 · Deferred revenue
beginning of year $31,538 · end of year $127,321
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $18,926,318 · end of year $18,899,579
-
28 · Net assets with donor restrictions
beginning of year $28,166,601 · end of year $29,861,756
Mission and programs · 2022
Mission
THE AMERICAN-SCANDINAVIAN FOUNDATION IS A PUBLICLY-SUPPORTED NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROMOTING EDUCATIONAL, CULTURAL AND PROFESSIONAL EXCHANGE BETWEEN THE UNITED STATES AND THE NORDIC COUNTRIES (DENMARK, FINLAND, ICELAND, NORWAY AND SWEDEN). ASF OFFERS FELLOWSHIPS, CULTURAL GRANTS, TRAINING/INTERNSHIPS, PUBLICATIONS, EXHIBITIONS AND OTHER PUBLIC PROGRAMS REINFORCING THE STRONG RELATIONSHIPS BETWEEN THE TWO REGIONS, AND HONORING THEIR SHARED VALUES AS WELL AS APPRECIATING THEIR DIFFERENCES.
Activities or mission (Part I)
TO BUILD INTERNATIONAL UNDERSTANDING WITH EXTENSIVE PROGRAMS OF FELLOWSHIPS, GRANTS, INTERN/TRAINEE SPONSORSHIP, PUBLISHING, EDUCATIONAL AND MEMBERSHIP OFFERINGS.
-
TRAINING AND FELLOWSHIP - FELLOWSHIPS AND GRANTS FROM THE AMERICAN SCANDINAVIAN FOUNDATION WERE AWARDED ON A COMPETITIVE BASIS TO AMERICANS FOR STUDY OR RESEARCH IN DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN AND TO SCANDINAVIANS IN THE U.S. AND RECOMMENDED BY ASF'S COOPERATING ORGANIZATIONS IN EACH OF THE NORDIC COUNTRIES THE RECIPIENTS REPRESENTED A VERY BROAD RANGE OF FIELDS AND UNIVERSITIES AND WERE AT THE GRADUATE, POST-GRADUATE, OR PROFESSIONAL LEVEL. IN ADDITION, THE ASF MADE PUBLIC PROJECT GRANT TO EDUCATIONAL AND CULTURAL INSTITUTIONS TO BRING SCANDINAVIAN CULTURE AND IDEAS TO VENUES THROUGHOUT THE U.S. OVER THE YEAR, THESE GRANTS SUPPORTED NORDIC PROJECTS IN VARIOUS STATES. THE TRAINING AND INTERNSHIP PROGRAM HELPS YOUNG SCANDINAVIANS AND AMERICANS RECEIVE PRACTICAL WORK EXPERIENCE ACROSS THE ATLANTIC.
Expenses $922,713 · Grants $656,052 · Revenue $67,700
-
PUBLIC PROGRAMS - SCANDINAVIA HOUSE CONTINUES TO BE A VITAL CENTER FOR CULTURAL PROGRAMS AND EXCHANGE BETWEEN THE U.S. AND THE FIVE NORDIC COUNTRIES. MORE THAN 100 EDUCATIONAL AND CULTURAL PROGRAMS WERE PRESENTED DURING THE YEAR. PUBLIC PROGRAMS INCLUDED WEEKLY SCREENINGS OF SCANDINAVIAN FILMS, MUSICAL PERFORMANCES, LECTURES, PRESENTATIONS, LANGUAGE CLASSES, EXHIBITIONS AND CHILDREN'S PROGRAM.
Expenses $2,625,562 · Revenue $188,540
-
PUBLICATIONS - THE AMERICAN-SCANDINAVIAN FOUNDATION PUBLISHES VARIOUS CULTURAL AND EDUCATIONAL MATERIALS BOTH ONLINE AND IN PRINT.
Expenses $49,264
-
MEMBERSHIP
Expenses $112,318
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edward P Gallagher
President
- Total calculated
- $292,942
- From this org
- $279,442
- From related orgs
- $0
- Other
- $13,500
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $279,442
- Bonus
- $0
- Other
- $0
- Deferred
- $13,500
- Nontaxable benefits
- $0
- Filer's total
- $292,942
-
Stephen P McGrath
Director of Finance & Admin
- Total calculated
- $120,334
- From this org
- $114,584
- From related orgs
- $0
- Other
- $5,750
- Hours/week
- 35
-
Sally Yerkovich
Director of Educational Exchan
- Total calculated
- $114,120
- From this org
- $108,370
- From related orgs
- $0
- Other
- $5,750
- Hours/week
- 35
-
Lynn Carter
Secretary
- Total calculated
- $25,812
- From this org
- $25,812
- From related orgs
- $0
- Other
- $0
- Hours/week
- 16
-
Daphne Davidson
Co-Chairman of the Board
- Total calculated
- $0
- Hours/week
- 1
-
Eugene V Kokot
Co-Chairman of the Board
- Total calculated
- $0
- Hours/week
- 1
-
Aili Flint
Vice Chairman for Finland
- Total calculated
- $0
- Hours/week
- 1
-
Anders Iversen
Vice Chairman for Denmark
- Total calculated
- $0
- Hours/week
- 1
-
Bente Svensen Frantz
Vice Chairman for Norway
- Total calculated
- $0
- Hours/week
- 1
-
Monika Heimbold
Vice Chairman for Sweden
- Total calculated
- $0
- Hours/week
- 1
-
Sigridur Benediktsdottir
Vice Chairman for Iceland
- Total calculated
- $0
- Hours/week
- 1
-
Steven B Peri
Vice Chairman for the U.S.
- Total calculated
- $0
- Hours/week
- 1
-
Terje Lande
Deputy Chairman of the Board
- Total calculated
- $0
- Hours/week
- 1
-
Henrik Steffensen
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Agnes Ahlander
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Anders Brag
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Arther Zeckendorf
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Asbjorn Skretting
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Barbro Osher
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bard E Bunaes
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bjorg Bergsveins Dottir
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bjorn Bjerke
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Carol Domina
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charles B Anderson
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charles K Barbo
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charlie Kunzer
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Kann
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Kelly
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David ER Dangoor
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Edward E Elson
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ellen port
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Emma Aer
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Erkko Etula
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Erna Milunka Kojic
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Helen W Marx
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Henrik Roos
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Inger Tallaksen
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James M Stewart
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jarno Vanto
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Karini Gustafson-Teixeira
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kristina Kittilsen
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kirstjan T Ragnarsson
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lena Biorck Kaplan
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lennard K Rambusch
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Linda Nordberg
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lise Stolt-Nielsen
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Liv Ullmann
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lizanne Kindler
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lyndon L Olson Jr
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marcus Siezing
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Maria Ederer
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael A Feirstein
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Morten Degnemark
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ragner Meyer-Knutsen
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rutger Von Post
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Siggi Hilmarsson
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sven Anders Ekernas
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Thor Thors Jr
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Trond S Jensen
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Victor B Borge
Executive Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
UNITED NATIONS INTERNATIONAL SCHOOL
$178,680
SCHOLARSHIPS
-
$50,000
PUBLIC PROJECT
-
public project
-
$24,000
PUBLIC PROJECT
-
$17,925
PUBLIC PROJECT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349312843
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