Swedish Council Of America
- Assets
- $0.0
- Revenue
- $117.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2020
- EIN
- 41-0997853
Organization Overview
Swedish Council Of America is located in Minneapolis, MN. The organization was established in 2014. 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 12/2020, Swedish Council Of America employed 2 individuals. Swedish Council Of America 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 12/2020, Swedish Council Of America generated $117.7k 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 (11.4%) each year. All expenses for the organization totaled $147.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SWEDISH COUNCIL OF AMERICA PROMOTES KNOWLEDGE AND APPRECIATION OF SWEDISH HERITAGE AND CULTURE IN NORTH AMERICAN LIFE AND STRENGTHENS CONTEMPORARY CULTURAL AND EDUCATIONAL TIES BETWEEN NORTH AMERICA AND SWEDEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCA GRANTS: SINCE 1975, SCA PROVIDED FINANCIAL SUPPORT TO HUNDREDS OF PROJECTS ACROSS NORTH AMERICA AS THEY PROMOTED KNOWLEDGE AND APPRECIATION OF SWEDISH HERITAGE AND CULTURE. TO DATE, THESE GRANTS TOTAL OVER ONE MILLION DOLLARS.SCA SCHOLARSHIPS: ALMOST SINCE ITS INCEPTION OVER 40 YEARS AGO, SCA SCHOLARSHIPS SUPPORTED AMERICAN YOUTH WANTING TO BROADEN THEIR EDUCATIONAL EXPERIENCE IN SWEDEN AND SWEDISH STUDENTS EAGER TO STUDY IN THE UNITED STATES.SCA AWARDS: SCA AWARDS GAVE NATIONAL RECOGNITION TO HARD-WORKING INDIVIDUALS AND DEDICATED ORGANIZATIONS THAT HAVE MADE EXCEPTIONAL CONTRIBUTIONS TO SWEDISH-AMERICAN OR SWEDISH-CANADIAN LIFE.SCA COMMUNICATIONS: SCA TODAY, OUR QUARTERLY MAGAZINE LAUNCHED IN 2017, INFORMED OUR MEMBERS, SUPPORTERS AND CONSTITUENTS ABOUT THE PROJECTS WE FUNDED, THE SCHOLARS WE SUPPORTED, THE LEADERS WE RECOGNIZED, THE OPPORTUNITIES WE PRESENTED AND THE PEOPLE INVOLVED IN AN INFORMATIVE AND INTERESTING MANNER. IN ADDITION, IT CONTAINED ARTICLES ABOUT SWEDISH CULTURE AND HERITAGE OF INTEREST TO OUR READERS IN NORTH AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Hasselberg Board Member / Chair | OfficerTrustee | 10 | $0 |
Suzanne K Ahlstrand Board Member / Vice Chair | OfficerTrustee | 4 | $0 |
Charles Nystrom Board Member / Treasurer | OfficerTrustee | 10 | $0 |
Bruce R Larson Board Member / Secretary | OfficerTrustee | 4 | $0 |
Dr Philip J Anderson Board Member | Trustee | 2 | $0 |
Tracey Beck Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $103,525 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,712 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,794 |
| Grants and other assistance to domestic individuals. | $1,293 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,707 |
| Compensation of current officers, directors, key employees. | $8,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,105 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,040 |
| Fees for services: Accounting | $4,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,951 |
| Advertising and promotion | $0 |
| Office expenses | $3,355 |
| Information technology | $6,640 |
| Royalties | $0 |
| Occupancy | $10,162 |
| Travel | $531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $957 |
| Insurance | $3,184 |
| All other expenses | $0 |
| Total functional expenses | $147,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |