THE AMERICAN SWEDISH INSTITUTE

EIN: 410711603 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$7,711,753
Total Expenses
$7,562,634
Total Assets
$61,005,890
Net Assets
$56,938,697
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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
MN
Principal Officer
MOLLY STEENSON
Phone
6128714907
Tax Period
2024-10-01 to 2025-09-30

THE AMERICAN SWEDISH INSTITUTE, founded in 1929, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.7M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $56.9M represent 89 months of operating reserves.

Mission

THE AMERICAN SWEDISH INSTITUTE IS A GATHERING PLACE FOR ALL PEOPLE TO EXPLORE DIVERSE EXPERIENCES OF MIGRATION, IDENTITY, BELONGING AND THE ENVIRONMENT THROUGH ARTS AND CULTURE, INFORMED BY ENDURING LINKS TO SWEDEN.

Program Service Accomplishments

Program 1
Expenses: $2,428,892 Revenue: $396,758

EXHIBITIONS: ASI DEVELOPED FIVE EXHIBITIONS IN FY2025 WITH ACCOMPANYING SECONDARY EXHIBITS: TOMTE PARADE HOLIDAY EXPERIENCE, LARS TUNBJORK: A VIEW FROM THE SIDE, ANN WOLFF: THE ART OF LIVING, AND...

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EXHIBITIONS: ASI DEVELOPED FIVE EXHIBITIONS IN FY2025 WITH ACCOMPANYING SECONDARY EXHIBITS: TOMTE PARADE HOLIDAY EXPERIENCE, LARS TUNBJORK: A VIEW FROM THE SIDE, ANN WOLFF: THE ART OF LIVING, AND SALAD HILOWLE: INSCRIPTIONS. 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. A MAJOR YEAR-ROUND EXHIBITION EXPERIENCE IS THE 33-ROOM TURNBLAD MANSION AND "MEET THE TURNBLADS" WHICH SHARES THE STORY OF THE HISTORIC PROPERTY AND THE FAMILY THAT BUILT IT.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 2025, 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.

Program 2
Expenses: $1,806,480 Revenue: $630,318

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...

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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: ASI PROGRAMS INCLUDE SWEDISH AND FINNISH LANGUAGE CLASSES; HANDCRAFT, FOODWAYS, FOLK ART, AND CULTURE WORKSHOPS; AS WELL AS LECTURES, TOURS, EXHIBITION 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, HANDCRAFT WORKSHOPS, SEASONAL YOUTH AND FAMILY ACTIVITIES, COMMUNITY PROGRAMS (AT ASI AND IN THE COMMUNITY), AFTER-SCHOOL PROGRAMS AND CAMPS. ASI INCORPORATES CHILDREN/FAMILY ACTIVITIES FOR ALL MAJOR EXHIBITIONS. PROGRAMS ARE OFFERED ON-SITE AND IN-PERSON AS WELL AS THROUGH VIRTUAL MEDIA.

Program 3
Expenses: $947,206 Revenue: $524,093

CULTURAL ENTERPRISES INCLUDES THREE UNITS: RETAIL THROUGH THE ON-SITE MUSEUM STORE AND ITS E-COMMERCE SITE; FOOD SERVICE AT FIKA CAFE AND SLATE&STONE CATERING; AND FACILITY RENTALS FOR PRIVATE...

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CULTURAL ENTERPRISES INCLUDES THREE UNITS: RETAIL THROUGH THE ON-SITE MUSEUM STORE AND ITS E-COMMERCE SITE; FOOD SERVICE AT FIKA CAFE AND SLATE&STONE CATERING; AND FACILITY RENTALS FOR PRIVATE EVENTS. THE MUSEUM STORE AND FIKA CAFE 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'S MUSEUM, PROGRAMS, AND EXHIBITIONS. 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 AND THE TURNBLAD MANSION, AS WELL AS OUTDOOR SPACES FOR THOSE DESIRING A PRIVATE GROUP EXPERIENCE AT ASI.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,219,533
Program Service Revenue $1,317,549
Investment Income $666,829
Other Revenue $507,842
TOTAL REVENUE $7,711,753

Expense Breakdown

Grants Paid $20,633
Salaries & Benefits $3,775,547
Fundraising Expenses $373,270
Program Expenses $5,182,578
Other Expenses $3,766,454
TOTAL EXPENSES $7,562,634

Year-over-Year Comparison

2024 2023 Change
Revenue $7,711,753 $9,422,312 -0.2%
Expenses $7,562,634 $6,955,581 +0.1%
Net Income $149,119 $2,466,731 -0.9%
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
22
Independent Members
22
Employees
117
Volunteers
147

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
8
$440,573
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MARGARET ADAMEK CHAIR TO JUNE 2025 1.80
Officer Director
$0 $0 $0
SARA STENBERG BOARD MEMBER, CHAIR FROM JUNE 2025 1.80
Officer Director
$0 $0 $0
TIKKI BROWN VICE CHAIR 1.80
Officer Director
$0 $0 $0
LISA KALLEBO TREASURER 1.80
Officer Director
$0 $0 $0
BRENDA BUTLER SECRETARY 1.80
Officer Director
$0 $0 $0
ALYSSA MALINSKI ERICKSON BOARD MEMBER 1.80
Director
$0 $0 $0
ANDREA OSELAND BOARD MEMBER 1.80
Director
$0 $0 $0
ANDREAS ORNBERG BOARD MEMBER 1.80
Director
$0 $0 $0
AXEL PETER HILGER BOARD MEMBER 1.80
Director
$0 $0 $0
BARBARA GLASER BOARD MEMBER 1.80
Director
$0 $0 $0
BARBARA SWADBURG BOARD MEMBER 1.80
Director
$0 $0 $0
CARLINE BENGTSSON BOARD MEMBER 1.80
Director
$0 $0 $0
DAVID SORENSEN BOARD MEMBER 1.80
Director
$0 $0 $0
DEBRA BARNES BOARD MEMBER 1.80
Director
$0 $0 $0
ELODIE LEE BOARD MEMBER 1.80
Director
$0 $0 $0
HANS BURBIDGE BOARD MEMBER 1.80
Director
$0 $0 $0
KATIE JACOBSON BOARD MEMBER 1.80
Director
$0 $0 $0
LARS ERIK LEAFBLAD BOARD MEMBER 1.80
Director
$0 $0 $0
LENOR SCHEFFLER BOARD MEMBER 1.80
Director
$0 $0 $0
LESLIE GOEDKEN BOARD MEMBER 1.80
Director
$0 $0 $0
MARCIA ANDERSON BOARD MEMBER 1.80
Director
$0 $0 $0
MARCO MOLINARI BOARD MEMBER 1.80
Director
$0 $0 $0
TAMIR ELNABARAWY BOARD MEMBER 1.80
Director
$0 $0 $0
WILLIAM WEILER BOARD MEMBER 1.80
Director
$0 $0 $0
MOLLY STEENSON PRESIDENT/CEO 45.00
Officer
$201,517 $9,445 $210,962
INGRID NYHOLM LANGE COO 45.00
Officer
$134,178 $15,076 $149,254
STEVEN ENGELKES DIRECTOR OF FINANCE 45.00
Officer
$79,691 $666 $80,357
CHRISTIANA STOLPESTAD DIRECTOR OF DEVELOPMENT 45.00
Highest
$120,359 $18,871 $139,230
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 $7,711,753 $7,562,634 $61,005,890 $149,119
2024 No data No data No data No data
2023 $6,637,892 $6,349,348 $60,326,225 $288,544
2022 $22,744,075 $5,718,197 $53,674,080 $17,025,878
2021 $4,546,690 $4,756,108 $34,782,368 $-209,418
2020 $8,024,272 $4,863,479 $34,796,375 $3,160,793
2019 $4,692,641 $5,431,046 $31,303,709 $-738,405
2018 $5,646,872 $4,866,041 $31,678,486 $780,831
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