The American-Scandinavian Foundation

EIN: 131623897 501(c)(3) International Affairs

New York, NY

Total Revenue
$4,249,826
Total Expenses
$4,690,011
Total Assets
$49,962,523
Net Assets
$48,761,335
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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
NY
Principal Officer
EDWARD P GALLAGHER
Phone
2127793587
Tax Period
2022-07-01 to 2023-06-30

The American-Scandinavian Foundation, founded in 1910, is a community nonprofit in the International Affairs sector that reported $4.2M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE AMERICAN-SCANDINAVIAN FOUNDATION IS A PUBLICLY-SUPPORTED NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROMOTING EDUCATIONAL, CULTURAL AND PROFESSIONAL EXCHANGE BETWEEN THE UNITED STATES AND THE NORDIC COUNTRIES (DENMARK, FINLAND, ICELAND, NORWAY AND SWEDEN). ASF OFFERS FELLOWSHIPS, CULTURAL GRANTS, TRAINING/INTERNSHIPS, PUBLICATIONS, EXHIBITIONS AND OTHER PUBLIC PROGRAMS REINFORCING THE STRONG RELATIONSHIPS BETWEEN THE TWO REGIONS, AND HONORING THEIR SHARED VALUES AS WELL AS APPRECIATING THEIR DIFFERENCES.

Program Service Accomplishments

Program 1
Expenses: $922,713 Revenue: $67,700

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...

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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 GRANT 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.

Program 2
Expenses: $2,625,562 Revenue: $188,540

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...

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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.

Program 3
Expenses: $49,264

PUBLICATIONS - THE AMERICAN-SCANDINAVIAN FOUNDATION PUBLISHES VARIOUS CULTURAL AND EDUCATIONAL MATERIALS BOTH ONLINE AND IN PRINT.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,336,434
Program Service Revenue $256,240
Investment Income $1,081,952
Other Revenue $575,200
TOTAL REVENUE $4,249,826

Expense Breakdown

Grants Paid $656,052
Salaries & Benefits $2,075,067
Fundraising Expenses $289,202
Program Expenses $3,709,857
Other Expenses $1,958,892
TOTAL EXPENSES $4,690,011

Year-over-Year Comparison

2022 2021 Change
Revenue $4,249,826 $6,805,044 -0.4%
Expenses $4,690,011 $4,586,777 +0.0%
Net Income $-440,185 $2,218,267 -1.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
57
Independent Members
56
Employees
31
Volunteers
56

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$318,754
Total Directors
57
$292,942
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward P Gallagher President 35.0
Officer Director
$279,442 $13,500 $292,942
Stephen P McGrath Director of Finance & Admin 35.0
Highest
$114,584 $5,750 $120,334
Sally Yerkovich Director of Educational Exchan 35.0
Highest
$108,370 $5,750 $114,120
Lynn Carter Secretary 16.0
Officer
$25,812 $0 $25,812
Daphne Davidson Co-Chairman of the Board 1.0
Officer Director
$0 $0 $0
Eugene V Kokot Co-Chairman of the Board 1.0
Officer Director
$0 $0 $0
Aili Flint Vice Chairman for Finland 1.0
Officer Director
$0 $0 $0
Anders Iversen Vice Chairman for Denmark 1.0
Officer Director
$0 $0 $0
Bente Svensen Frantz Vice Chairman for Norway 1.0
Officer Director
$0 $0 $0
Monika Heimbold Vice Chairman for Sweden 1.0
Officer Director
$0 $0 $0
Sigridur Benediktsdottir Vice Chairman for Iceland 1.0
Officer Director
$0 $0 $0
Steven B Peri Vice Chairman for the U.S. 1.0
Officer Director
$0 $0 $0
Terje Lande Deputy Chairman of the Board 1.0
Officer Director
$0 $0 $0
Henrik Steffensen Treasurer 1.0
Officer Director
$0 $0 $0
Agnes Ahlander Executive Trustee 1.0
Director
$0 $0 $0
Anders Brag Executive Trustee 1.0
Director
$0 $0 $0
Arther Zeckendorf Executive Trustee 1.0
Director
$0 $0 $0
Asbjorn Skretting Executive Trustee 1.0
Director
$0 $0 $0
Barbro Osher Executive Trustee 1.0
Director
$0 $0 $0
Bard E Bunaes Executive Trustee 1.0
Director
$0 $0 $0
Bjorg Bergsveins Dottir Executive Trustee 1.0
Director
$0 $0 $0
Bjorn Bjerke Executive Trustee 1.0
Director
$0 $0 $0
Carol Domina Executive Trustee 1.0
Director
$0 $0 $0
Charles B Anderson Executive Trustee 1.0
Director
$0 $0 $0
Charles K Barbo Executive Trustee 1.0
Director
$0 $0 $0
Charlie Kunzer Executive Trustee 1.0
Director
$0 $0 $0
Christopher Kann Executive Trustee 1.0
Director
$0 $0 $0
Christopher Kelly Executive Trustee 1.0
Director
$0 $0 $0
David ER Dangoor Executive Trustee 1.0
Director
$0 $0 $0
Edward E Elson Executive Trustee 1.0
Director
$0 $0 $0
Ellen port Executive Trustee 1.0
Director
$0 $0 $0
Emma Aer Executive Trustee 1.0
Director
$0 $0 $0
Erkko Etula Executive Trustee 1.0
Director
$0 $0 $0
Erna Milunka Kojic Executive Trustee 1.0
Director
$0 $0 $0
Helen W Marx Executive Trustee 1.0
Director
$0 $0 $0
Henrik Roos Executive Trustee 1.0
Director
$0 $0 $0
Inger Tallaksen Executive Trustee 1.0
Director
$0 $0 $0
James M Stewart Executive Trustee 1.0
Director
$0 $0 $0
Jarno Vanto Executive Trustee 1.0
Director
$0 $0 $0
Karini Gustafson-Teixeira Executive Trustee 1.0
Director
$0 $0 $0
Kristina Kittilsen Executive Trustee 1.0
Director
$0 $0 $0
Kirstjan T Ragnarsson Executive Trustee 1.0
Director
$0 $0 $0
Lena Biorck Kaplan Executive Trustee 1.0
Director
$0 $0 $0
Lennard K Rambusch Executive Trustee 1.0
Director
$0 $0 $0
Linda Nordberg Executive Trustee 1.0
Director
$0 $0 $0
Lise Stolt-Nielsen Executive Trustee 1.0
Director
$0 $0 $0
Liv Ullmann Executive Trustee 1.0
Director
$0 $0 $0
Lizanne Kindler Executive Trustee 1.0
Director
$0 $0 $0
Lyndon L Olson Jr Executive Trustee 1.0
Director
$0 $0 $0
Marcus Siezing Executive Trustee 1.0
Director
$0 $0 $0
Maria Ederer Executive Trustee 1.0
Director
$0 $0 $0
Michael A Feirstein Executive Trustee 1.0
Director
$0 $0 $0
Morten Degnemark Executive Trustee 1.0
Director
$0 $0 $0
Ragner Meyer-Knutsen Executive Trustee 1.0
Director
$0 $0 $0
Rutger Von Post Executive Trustee 1.0
Director
$0 $0 $0
Siggi Hilmarsson Executive Trustee 1.0
Director
$0 $0 $0
Sven Anders Ekernas Executive Trustee 1.0
Director
$0 $0 $0
Thor Thors Jr Executive Trustee 1.0
Director
$0 $0 $0
Trond S Jensen Executive Trustee 1.0
Director
$0 $0 $0
Victor B Borge Executive Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,249,826 $4,690,011 $49,962,523 $-440,185
2022 $6,805,044 $4,586,777 $48,756,359 $2,218,267
2021 $3,574,288 $3,791,698 $56,118,805 $-217,410
2020 $5,730,751 $4,984,115 $49,067,222 $746,636
2019 $5,466,944 $5,298,357 $50,581,978 $168,587
2018 $4,079,891 $4,958,160 $49,760,015 $-878,269
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