Swedish American Museum Association Of Chicago
- Assets
- $7.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Chicago, IL
- Founding
- 06/1981
- Data as of
- 12/2023
- EIN
- 36-3107115
Organization Overview
Swedish American Museum Association Of Chicago is located in Chicago, IL. The organization was established in 1981. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Swedish American Museum Association Of Chicago employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swedish American Museum Association Of Chicago 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 12/2023, Swedish American Museum Association Of Chicago generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $995.3k during the year ending 12/2023. While expenses have increased by 4.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ITS ARTS AND EDUCATIONAL PROGRAMS AND ITS PERMANENT COLLECTION, THE SWEDISH AMERICAN MUSEUM INTERPRETS THE IMMIGRANT EXPERIENCE FOR CHILDREN AND ADULTS AND PROMOTES AN APPRECIATION OF CONTEMPORARY SWEDISH-AMERICAN CULTURE.
Describe the Organization's Program Activity:
PROGRAMS AND CLASSES: THE SWEDISH AMERICAN MUSEUM OFFERS EVENTS, CLASSES AND PROGRAMS CELEBRATING THE SWEDISH AND THE SWEDISH-AMERICAN CULTURE. THE MUSEUM HELD APPROXIMATELY 100 DIFFERENT PROGRAMS THROUGH A COMBINATION OF LECTURES, CONCERTS, GENEALOGY SESSIONS AND FAMILY PROGRAMS IN 2023 WITH ATTENDANCE OF 16,500. SWEDISH LANGUAGE CLASSES ARE HELD 3 TIMES A YEAR FOR 8 OR 12 WEEKS EACH.
EXHIBITS AND MEMBERSHIP-THE MUSEUM HAS APPROXIMATELY 800 MEMBERSHIPS WITH 1500 MEMBERS WITH TWO SPECIAL EXHIBIT GALLERIES IN ADDITION TO ITS PERMANENT EXHIBIT FEATURING THE IMMIGRATION TO CHICAGO AT THE END OF THE 1800S. THE COLLECTION HAS APPROXIMATELY 17,000 OBJECTS THAT HAVE BEEN DONATED BY MEMBERS AND FRIENDS OF THE MUSEUM. DURING 2023, THERE WERE 4 SPECIAL EXHIBITS IN THE FIRST FLOOR GALLERY FEATURING ARTISTS OF SWEDISH OR SWEDISH-AMERICAN DESCENT AND A GALLERY SPACE ON THE SECOND FLOOR AND HAD 3 ART EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peterson Elizabeth Board Chair (thru 4/23/23) | OfficerTrustee | 2 | $0 |
Thorbjornsen-Coates Joy Board Chair (began 4/23/23) | OfficerTrustee | 2 | $0 |
Williams Kevin Board Vice-Chair | OfficerTrustee | 2 | $0 |
Engstrom Patel Anna Treasurer | OfficerTrustee | 2 | $0 |
Goulding Gunilla Secretary | OfficerTrustee | 2 | $0 |
Aronson Carolyn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,222 |
| Fundraising events | $140,568 |
| Related organizations | $0 |
| Government grants | $167,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $681,309 |
| Noncash contributions included in lines 1a–1f | $9,466 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,059,298 |
| Total Program Service Revenue | $114,967 |
| Investment income | $46,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,031 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$44,752 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $123,998 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,575 |
| 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. | $111,736 |
| Compensation of current officers, directors, key employees. | $18,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,444 |
| Payroll taxes | $27,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $16,643 |
| Advertising and promotion | $8,848 |
| Office expenses | $62,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,406 |
| Travel | $1,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,523 |
| Insurance | $54,050 |
| All other expenses | $0 |
| Total functional expenses | $995,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,000 |
| Accounts receivable, net | $287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,103 |
| Prepaid expenses and deferred charges | $46,123 |
| Net Land, buildings, and equipment | $3,391,728 |
| Investments—publicly traded securities | $3,228,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,053,021 |
| Accounts payable and accrued expenses | $98,777 |
| Grants payable | $0 |
| Deferred revenue | $353 |
| 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 | $1,159,100 |
| Unsecured mortgages and notes payable | $13,571 |
| Other liabilities | $0 |
| Total liabilities | $1,271,801 |
| Net assets without donor restrictions | $3,855,846 |
| Net assets with donor restrictions | $1,925,374 |
| 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 | $7,053,021 |