EIN 41-0711603

The American Swedish Institute

IRS 501(c) type
501(c)(3)
Num. employees
100
Year formed
1929
Most recent tax filings
2023-09-01
NTEE code, primary
Description
The American Swedish Institute is a leading museum and cultural center of international reputation which invites all people to gather to connect their pasts to their shared future, to understand their heritage in relation to others, and to discover their role as neighbors and global citizens. Vibrant, ongoing ties to sweden illuminates and inspires all these endeavors. Asi is a place to share Swedish experiences of culture, migration, The environment and The arts.
Total revenues
$6,637,892
2023
Total expenses
$6,349,348
2023
Total assets
$60,326,225
2023
Num. employees
100
2023

Program areas at The American Swedish Institute

Exhibitions: asi developed four major exhibits in fy2023 with accompanying secondary exhibits secrets of The season holiday experience, fluidity: identity in Swedish glass, leaving your mark: stories in wood, and our dragon story family exhibition. 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 2023, 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.
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.
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 offer on-site and in-person as well as through virtual media

Who funds The American Swedish Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Anne Ray FoundationStewarding Cultural Interconnection$900,000
Anne Ray FoundationSupport for Building Renovations$666,644
Minnesota Historical Society (MNHS)Legacy Grant for Critical Restoration of the Turnblad Mansion Veranda$75,000
...and 7 more grants received

Personnel at The American Swedish Institute

NameTitleCompensation
Bruce KarstadtFormer President and Chief Executive Officer$158,236
Molly SteensonPresident and Chief Executive Officer$0
Peggy Korsmo-KennonExecutive Office$113,205
Steven EngelkesChief Financial Officer$99,511
Kim BenedictDirector of Catering
...and 12 more key personnel

Financials for The American Swedish Institute

RevenuesFYE 09/2023
Total grants, contributions, etc.$4,409,125
Program services$1,186,210
Investment income and dividends$204,250
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$218,029
Net gain from sale of non-inventory assets$12,953
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$607,325
Miscellaneous revenues$0
Total revenues$6,637,892

Form 990s for The American Swedish Institute

Fiscal year endingDate received by IRSFormPDF link
2023-092024-03-01990View PDF
2022-092023-02-14990View PDF
2021-092022-04-26990View PDF
2020-092021-07-15990View PDF
2019-092020-08-11990View PDF
...and 10 more Form 990s

Organizations like The American Swedish Institute

OrganizationLocationRevenue
National Susan B Anthony Museum and HouseRochester, NY$2,719,092
McALLEN INTERNATIONAL MUSEUMMcallen, TX$2,402,490
Springfield MuseumsSpringfield, MA$9,845,732
Oakland Museum of California (OMCA)Oakland, CA$17,944,266
Guild Hall of East HamptonEast Hampton, NY$4,731,134
Museum of DiscoveryLittle Rock, AR$3,320,596
Morris MuseumMorristown, NJ$3,145,103
The Maltz Museum of Jewish HeritageBeachwood, OH$3,059,135
Maine Maritime Museum (MMM)Bath, ME$2,760,199
The Heard MuseumPhoenix, AZ$10,832,510
Data update history
January 14, 2025
Received grants
Identified 4 new grant, including a grant for $900,000 from Anne Ray Foundation
November 1, 2024
Updated personnel
Identified 2 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $7,607 from Saint Paul and Minnesota Foundation
May 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
Arts, cultural, and humanities
Characteristics
Receives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
2600 Park Ave
Minneapolis, MN 55407
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
asimn.org/ 
Phone
(612) 871-4907
Facebook page
AmericanSwedishInstitute 
Twitter profile
@amswedinstitute 
IRS details
EIN
41-0711603
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1929
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A50: Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
Free account sign-up

Want updates when The American Swedish Institute has new information, or want to find more organizations like The American Swedish Institute?

Create free Cause IQ account