American-Scandinavian Foundation
- Assets
- $56.1m
- Revenue
- $3.6m
- Investments
- $443.7k
- Employees
- 44
- Location
- New York, NY
- Founding
- 05/1920
- Data as of
- 06/2021
- EIN
- 13-1623897
Organization Overview
American-Scandinavian Foundation is located in New York, NY. The organization was established in 1920. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, American-Scandinavian Foundation employed 44 individuals. This organization is the central organization for a national or regional group of organizations. American-Scandinavian Foundation 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 06/2021, American-Scandinavian Foundation generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American-Scandinavian Foundation has awarded 45 individual grants totaling $1,021,812. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD INTERNATIONAL UNDERSTANDING WITH EXTENSIVE PROGRAMS OF FELLOWSHIPS, GRANTS, INTERN/TRAINEE SPONSORSHIP, PUBLISHING, EDUCATIONAL AND MEMBERSHIP OFFERINGS.
Describe the Organization's Program Activity:
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 GRANTS 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.
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. DUE TO THE COVID-19 PANDEMIC ALL PROGRAMS WERE PRESENTED VIRTUALLY.
PUBLICATIONS - THE AMERICAN-SCANDINAVIAN FOUNDATION PUBLISHES VARIOUS CULTURAL AND EDUCATIONAL MATERIALS BOTH ONLINE AND IN PRINT.
MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Gallagher President | OfficerTrustee | 35 | $244,456 |
Stephen Mcgrath Dr Of Finance And Administrati | 35 | $109,220 | |
Lynn Carter Secretary | Officer | 14 | $31,771 |
Daphne L Davidson Co-Chairman Of The Board | OfficerTrustee | 1 | $0 |
Eugene V Kokot Co-Chairman Of The Board | OfficerTrustee | 1 | $0 |
Sigridur Benediktsdottir Vice Chairman For Iceland | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $119,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,045,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,115 |
| Total Program Service Revenue | $47,592 |
| Investment income | $1,205,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,178 |
| Net Gain/Loss on Asset Sales | $576,736 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,574,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,923 |
| Grants and other assistance to domestic individuals. | $769,487 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $291,683 |
| Compensation of current officers, directors, key employees. | $66,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,108,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $184,844 |
| Payroll taxes | $102,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $42,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,399 |
| Fees for services: Other | $78,415 |
| Advertising and promotion | $150 |
| Office expenses | $169,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,853 |
| Travel | $2,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,798 |
| Insurance | $83,609 |
| All other expenses | $0 |
| Total functional expenses | $3,791,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,439 |
| Savings and temporary cash investments | $236,616 |
| Pledges and grants receivable | $365,750 |
| Accounts receivable, net | $151,609 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,972 |
| Prepaid expenses and deferred charges | $173,473 |
| Net Land, buildings, and equipment | $13,565,153 |
| Investments—publicly traded securities | $40,448,142 |
| Investments—other securities | $443,651 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,118,805 |
| Accounts payable and accrued expenses | $255,620 |
| Grants payable | $1,344,551 |
| Deferred revenue | $159,551 |
| 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 | $0 |
| Total liabilities | $1,759,722 |
| Net assets without donor restrictions | $21,364,761 |
| Net assets with donor restrictions | $32,994,322 |
| 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 | $56,118,805 |
Grants Awarded
Over the last fiscal year, American-Scandinavian Foundation has awarded $60,750 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Coon Valley, WI PURPOSE: FOLKS ARTS | $30,000 |
Eau Claire, WI PURPOSE: FOLK ARTS | $11,690 |
Swedesburg, IA PURPOSE: FOLK ARTS | $10,700 |
Elk Horn, IA PURPOSE: FOLK ARTS | $8,360 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that American-Scandinavian Foundation has recieved totaling $1,088,175.
| Awarding Organization | Amount |
|---|---|
Margaret A Cargill Foundation Eden Prairie, MN PURPOSE: SUPPORT FOR FOLK ARTS AND CULTURAL TRADITIONS REGRANTS IN THE UPPER MIDWEST | $400,000 |
Charles & Lucille King Family Foundation Inc Garden City, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $275,000 |
Heimbold Foundation Inc Darien, CT PURPOSE: SOCIAL SERVICE | $110,398 |
Margaret A Cargill Foundation Eden Prairie, MN PURPOSE: CAPACITY BUILDING SUPPORT | $100,000 |
Barbro Osher Pro Suecia Foundation San Francisco, CA PURPOSE: CHARITABLE | $85,000 |
Scandinavian Seminar Amherst, MA PURPOSE: TO PROVIDE SCHOLARSHIP SUPPORT TO THE AMERICAN-SCANDINAVIAN FOUNDATION. | $55,000 |
Endowment Analysis
| Beg. Balance | $14,927,568 |
| Earnings | $3,852,415 |
| Net Contributions | $10,185 |
| Grants | $334,485 |
| Ending Balance | $18,455,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Middle East Forum Philadelphia, PA | $5,601,334 | $8,052,985 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |
Beyond Borders Inc Norristown, PA | $1,569,645 | $2,578,672 |