American Swedish Institute

Organization Overview

American Swedish Institute is located in Minneapolis, MN. The organization was established in 1942. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, American Swedish Institute employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Swedish Institute 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 09/2022, American Swedish Institute generated $22.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $5.7m during the year ending 09/2022. While expenses have increased by 4.0% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASI IS A PLACE TO SHARE SWEDISH EXPERIENCES OF CULTURE, MIGRATION, THE ENVIRONMENT AND THE ARTS.

Describe the Organization's Program Activity:

EXHIBITIONS: ASI HOSTED FIVE MAJOR EXHIBITS IN FY2022 AND FOUR SECONDARY EXHIBITS. 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 2022, 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.


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 OFFERED ON-SITE AND IN-PERSON AS WELL AS THROUGH VIRTUAL MEDIA.


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 AND 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.


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Karstadt
President/ceo
$131,993
Peggy Korsmo-Kennon
COO
$105,950
Steven Engelkes
CFO
$80,219
David Sorensen
Vice Chair
$0
Elizabeth Olson
Treasurer
$0
Dr Margaret Adamek
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Success Computer Consulting
Computer Technical Support
$169,429
Je Dunn
Construction
$4,153,316
Hammel Green And Abrahamson
Construction Architecture
$586,917
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$317,629
Fundraising events$0
Related organizations$0
Government grants $964,177
All other contributions, gifts, grants, and similar amounts not included above$20,377,030
Noncash contributions included in lines 1a–1f $417,177
Total Revenue from Contributions, Gifts, Grants & Similar$21,658,836
Total Program Service Revenue$751,243
Investment income $160,937
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $229,852
Net Gain/Loss on Asset Sales -$544,521
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $487,728
Miscellaneous Revenue$0
Total Revenue $22,744,075

Grants Recieved

Over the last fiscal year, we have identified 1 grants that American Swedish Institute has recieved totaling $12,500.

Awarding OrganizationAmount
Jennifer Novak Foundation

Medina, MN

PURPOSE: GENERAL

$12,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,384,383
Earnings-$682,815
Other Expense$265,217
Ending Balance$4,436,351

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