Totals
- Total revenue
- $9,422,312
- Total expenses
- $6,955,581
- Contributions and grants received
- $6,998,589
- Grants paid
- $27,127
- Program service revenue
- $1,316,888
- Investment income
- $223,069
- Other revenue
- $883,766
- Total assets, end of year
- $62,558,189
- Total liabilities, end of year
- $5,804,755
- Net assets or fund balances, end of year
- $56,753,434
- Program services expenses (Part IX)
- $4,597,065
- Management and general expenses
- $1,915,327
- Fundraising expenses
- $443,189
- Program service expenses (Part III)
- $4,597,065
Program services were 66.1% 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
$344,656
-
1e · Government grants (contributions)
$265,075
-
1f · All other contributions, gifts and grants
$6,388,858
-
1g · Noncash contributions included above
$28,241
-
2a · Program service revenue: CLASS AND PROGRAM
total $631,878 · related or exempt $631,878
-
2b · Program service revenue: ADMISSIONS AND TOURS
total $435,101 · related or exempt $435,101
-
2c · Program service revenue: CULINARY
total $210,423 · related or exempt $46,314 · unrelated business $164,109
-
2d · Program service revenue: SERVICES TO CONSULATE
total $7,250 · related or exempt $7,250
-
2f · All other program service revenue
total $32,236 · related or exempt $32,236
-
3 · Investment income
total $223,289 · excluded $223,289
-
6a · Gross rents
real property $250,394
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $250,394
-
6d · Net rental income or loss
total $250,394 · unrelated business $250,394
-
7a · Gross sales of assets other than inventory
securities $28,630
-
7b · Less cost or other basis and sales expenses
securities $28,850
-
7c · Gain or loss
securities -$220
-
7d · Net gain or loss
total -$220 · excluded -$220
-
10a · Gross sales of inventory
$1,261,150
-
10b · Cost of goods sold
$627,778
-
10c · Net income from sales of inventory
total $633,372 · related or exempt $588,358 · unrelated business $45,014
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,127 · program services $27,127
-
5 · Compensation of officers, directors and key employees
total $462,519 · management and general $409,945 · fundraising $52,574
-
6 · Compensation of disqualified persons
total $2,373,023 · program services $1,661,932 · management and general $485,977 · fundraising $225,114
-
8 · Pension plan contributions
total $22,145 · program services $10,580 · management and general $8,686 · fundraising $2,879
-
9 · Other employee benefits
total $256,141 · program services $166,415 · management and general $54,063 · fundraising $35,663
-
10 · Payroll taxes
total $219,005 · program services $125,928 · management and general $72,225 · fundraising $20,852
-
11b · Fees: legal
total $4,959 · management and general $4,959
-
11c · Fees: accounting
total $80,037 · program services $1,495 · management and general $78,542
-
11f · Fees: investment management
total $2,978 · management and general $2,978
-
11g · Fees: other
total $466,906 · program services $275,857 · management and general $191,047 · fundraising $2
-
12 · Advertising and promotion
total $124,538 · program services $132 · management and general $124,406
-
13 · Office expenses
total $285,395 · program services $114,296 · management and general $135,279 · fundraising $35,820
-
14 · Information technology
total $189,585 · program services $110,023 · management and general $42,909 · fundraising $36,653
-
16 · Occupancy
total $231,461 · program services $208,426 · management and general $21,186 · fundraising $1,849
-
17 · Travel
total $40,484 · program services $7,199 · management and general $32,807 · fundraising $478
-
22 · Depreciation, depletion and amortization
total $1,487,272 · program services $1,367,094 · management and general $113,528 · fundraising $6,650
-
23 · Insurance
total $107,157 · program services $18,525 · management and general $88,614 · fundraising $18
-
24a · Other expenses: REPAIR & MAINTENANCE
total $191,911 · program services $175,774 · management and general $14,984 · fundraising $1,153
-
24b · Other expenses: DUES, LICENSES & SUBSCR
total $165,201 · program services $128,856 · management and general $24,058 · fundraising $12,287
-
24c · Other expenses: EXHIBIT EXP
total $106,748 · program services $106,748
-
24d · Other expenses: FOOD AND CATERING
total $79,951 · program services $62,740 · management and general $8,497 · fundraising $8,714
-
24e · All other expenses
total $31,038 · program services $27,918 · management and general $637 · fundraising $2,483
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $186,118 · end of year $58,802
-
2 · Savings and temporary cash investments
beginning of year $3,788,206 · end of year $3,494,044
-
3 · Pledges and grants receivable
beginning of year $2,028,560 · end of year $1,114,454
-
4 · Accounts receivable
beginning of year $67,020 · end of year $69,594
-
8 · Inventories for sale or use
beginning of year $265,396 · end of year $266,450
-
9 · Prepaid expenses and deferred charges
beginning of year $89,118 · end of year $79,943
-
10a · Land, buildings and equipment: cost or other basis
$49,304,233
-
10b · Land, buildings and equipment: accumulated depreciation
$15,803,937
-
10c · Land, buildings and equipment, net
beginning of year $33,943,228 · end of year $33,500,296
-
11 · Investments: publicly traded securities
beginning of year $5,378,567 · end of year $6,313,817
-
15 · Other assets
beginning of year $14,580,012 · end of year $17,660,789
-
17 · Accounts payable and accrued expenses
beginning of year $902,584 · end of year $418,398
-
19 · Deferred revenue
beginning of year $190,592 · end of year $185,055
-
23 · Secured mortgages and notes payable
beginning of year $6,310,012 · end of year $5,201,302
-
27 · Net assets without donor restrictions
beginning of year $30,437,896 · end of year $32,450,417
-
28 · Net assets with donor restrictions
beginning of year $22,485,141 · end of year $24,303,017
Mission and programs · 2023
Mission
THE AMERICAN SWEDISH INSTITUTE IS A GATHERING PLACE FOR ALL PEOPLE TO EXPLORE DIVERSE EXPERIENCES OF MIGRATION, IDENTITY, BELONGING AND THE ENVIRONMENT THROUGH ARTS AND CULTURE, INFORMED BY ENDURING LINKS TO SWEDEN.
Activities or mission (Part I)
ASI IS A PLACE TO SHARE SWEDISH EXPERIENCES OF CULTURE, MIGRATION, THE ENVIRONMENT AND THE ARTS.
-
EXHIBITIONS: ASI DEVELOPED FIVE EXHIBITS IN FY2024 WITH ACCOMPANYING SECONDARY EXHIBITS ONCE UPON A MANSION 73RD HOLIDAY EXPERIENCE; MYGRATION; ARTIC HIGHWAYS: UNBOUNDED INDIGENOUS PEOPLE; CHRISTINE NOVOTNY; KARIN LARSSON: LET THE HAND BE SEEN. 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 2024, 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.
Expenses $2,050,880 · Revenue $639,128
-
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
Expenses $1,398,239 · Grants $27,127 · Revenue $467,337
-
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'S 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.
Expenses $1,147,946 · Revenue $634,672
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Margaret AdamekDR MARGARET ADAMEK
CHAIR
- Total calculated
- $0
- Hours/week
- 1.8
-
David SorensenDAVID SORENSEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.8
-
Elizabeth OlsonELIZABETH OLSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1.8
-
Lynnea Atlas-IngebretsonLYNNEA ATLAS-INGEBRETSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.8
-
Marcia AndersonMARCIA ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Aimee Richcreek BaxterAIMEE RICHCREEK BAXTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Carline BengtssonCARLINE BENGTSSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Brenda ButlerBRENDA BUTLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Tikki BrownTIKKI BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Brad EngdahlBRAD ENGDAHL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Barbara GlaserBARBARA GLASER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Dr Mary Dee HicksDR MARY DEE HICKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Peter HilgerPETER HILGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Lisa KalleboLISA KALLEBO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Dr John LitellDR JOHN LITELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Marco MolinariMARCO MOLINARI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Elodie LeeELODIE LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Andreas OrnbergANDREAS ORNBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Andrea OselandANDREA OSELAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Lenor SchefflerLENOR SCHEFFLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Sara StenbergSARA STENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
William WeilerWILLIAM WEILER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.8
-
Molly SteensonMOLLY STEENSON
PRESIDENT/CEO
- Total calculated
- $209,086
- From this org
- $199,641
- From related orgs
- $0
- Other
- $9,445
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $199,641
- Bonus
- $0
- Other
- $0
- Deferred
- $2,014
- Nontaxable benefits
- $7,431
- Filer's total
- $209,086
-
Ingrid Nyholm LangeINGRID NYHOLM LANGE
COO
- Total calculated
- $145,066
- From this org
- $130,472
- From related orgs
- $0
- Other
- $14,594
- Hours/week
- 45
-
Steven EngelkesSTEVEN ENGELKES
CFO
- Total calculated
- $80,357
- From this org
- $79,691
- From related orgs
- $0
- Other
- $666
- Hours/week
- 45
-
Christiana StolpestadCHRISTIANA STOLPESTAD
DIRECTOR OF DEVELOPMENT
- Total calculated
- $129,292
- From this org
- $110,431
- From related orgs
- $0
- Other
- $18,861
- Hours/week
- 45
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 · 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541299349301744
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