Overview
What is The American Swedish Institute?
The American Swedish Institute, located in Minneapolis, Minnesota, is a vibrant cultural hub where people come together to explore themes of Swedish culture, migration, the environment, and the arts. As a nonprofit organization, it maintains a rich collection of material collections, a library, and archives, reflecting the ties to Sweden and Swedish America. A key component of the Institute is its exhibitions, hosting major and secondary shows on themes ranging from Swedish and Nordic arts, craft history, and contemporary life. In FY2022, five major exhibits and four secondary exhibits were presented, often in collaboration with local partnering organizations, artists, and even the Swedish Embassy and Nordic Heritage Museums. A significant exhibit experience is the 33-room Turnblad Mansion, which features annual Nordic holiday displays by local artists and organizations. Visitor and volunteer services manage museum admission, customer service, program registration, and group tours, and recruit, train, and manage a large team of volunteers. In FY2022, approximately 150 individuals volunteered throughout the organization. The institute's mission is to serve as a gathering place for all people to share experiences and learn from each other, informed by enduring links to Sweden.
Official website here: www.asimn.org
What are the reviews and ratings of this charity?
Overall : Charity Navigator Rating 96%g: 96%
The American Swedish Institute has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong financial health and transparency. With an overall score of 96%, the organization demonstrates effective governance, as evidenced by its 100% independent board members and rigorous audit practices. Such a high rating signifies that the Institute is well-managed and dedicated to its mission.
Strengths highlighted in the assessment include a solid program expense ratio of 63.72%, indicating a majority of funding is directed towards programs rather than administrative costs. The organization also exhibits a strong fundraising efficiency, requiring only $0.05 to raise each dollar, showcasing its effective resource management. Additionally, the Institute maintains a healthy working capital ratio, ensuring financial stability and resilience.
While the performance metrics are largely positive, the focus on program expenses and fundraising efficiency suggests that the organization continues to prioritize impactful operations. Overall, The American Swedish Institute stands out as a financially sound nonprofit that adheres to best practices in governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The American Swedish Institute legitimate?
The American Swedish Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Swedish Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $475,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.asimn.org
What is the mission statement of The American Swedish Institute?
The American Swedish Institute serves as a platform for people to connect and share experiences centered around themes of culture, migration, the environment, and the arts. Informed by its Swedish roots, this organization acts as a gathering place for diverse individuals, fostering exploration and understanding. The institution hosts exhibitions that showcase Swedish and Nordic arts, craft history, and contemporary life, often in collaboration with local partners and artists. The 33-room Turnblad Mansion is a significant exhibit space, featuring annual Nordic holiday displays by local artists and organizations. The Visitor and Volunteer Services unit manages museum admission, customer service, program registration, and group tours, while overseeing volunteer recruitment, training, and management. Approximately 150 volunteers contributed to the organization in FY2022. The Collections unit maintains material collections, a library, and archives, aiming to represent the cultures of Sweden and Swedish America and provide valuable resources for research.
Official website here: www.asimn.org
Who is the CEO of The American Swedish Institute?
Molly Steenson is the CEO of The American Swedish Institute The CEO's salary of The American Swedish Institute is $0 and their total compensation is $0.
Official website here: www.asimn.org
What is the revenue of The American Swedish Institute?
The American Swedish Institute's revenue in 2023 was $6,637,892.
Official website here: www.asimn.org
Who are the executives of The American Swedish Institute and what are their salaries?
The average compensation at The American Swedish Institute during 2023 was $4,754. There are 100 employees and 137 volunteers at The American Swedish Institute.
Here are 27 key members and their salaries (The American Swedish Institute's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $107,663
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- Other: $33,794
Official website here: www.asimn.org
Where can I find the form 990 for The American Swedish Institute?
The American Swedish Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.asimn.org
Learn more at the official website: www.asimn.org
Mission Statement of The American Swedish Institute
The American Swedish Institute, or ASI, serves as a gathering place where people come together to explore themes of culture, migration, the environment, and the arts, all with a connection to Sweden. Established as a cultural beacon, ASI invites visitors to engage in experiences that showcase the richness of Swedish heritage and its enduring links to America.
In pursuit of this mission, ASI hosts a variety of exhibitions. These exhibits cover a wide range of themes, from Swedish and Nordic arts, craft history, and contemporary life, often in collaboration with local organizations, artists, and diplomatic representatives. One of the most notable exhibit experiences is the Turnblad Mansion, a 33-room historic house museum adorned with annual Nordic holiday displays representing each of the five Nordic countries.
Beyond its exhibits, ASI offers visitor and volunteer services to ensure a welcoming and engaging experience for museum-goers. This unit oversees museum admission functions, customer service, program registration, and group tours. Moreover, it recruits, trains, and manages a large cohort of volunteers, who contributed approximately 150 hours to the organization in FY 2022.
ASI's commitment to preserving and sharing the cultures of Sweden and Swedish America extends to its collections. These collections, which include material collections, a library, and archives, provide valuable resources for research not only for ASI staff but also for scholars and the public. By fostering a deep appreciation for Swedish heritage and its impact on American society, ASI continues to enrich the cultural landscape for all.
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Impact
October, 2024
The American Swedish Institute serves as a vibrant hub for cultural exchange, fostering understanding and appreciation of Swedish and Nordic experiences in the realms of culture, migration, the environment, and the arts. Through its dynamic exhibitions, ASI showcases a diverse range of themes, from traditional crafts to contemporary life, often in collaboration with local artists, organizations, and international partners such as the Swedish Embassy and Nordic heritage museums.
In fiscal year 2022, ASI prominently featured five major exhibits alongside four secondary ones, transforming the 33-room Turnblad Mansion into a focal point for Nordic holiday displays that highlight the artistry of the five Nordic countries. This not only enriches the cultural landscape of Minneapolis but also invites the community to engage with and learn about diverse artistic traditions.
The institute plays a significant role in community engagement, providing admission services, customer support, and program registration, while also managing a dedicated group of approximately 150 volunteers who support various initiatives. ASI’s collections—comprising material, library, and archives—serve as invaluable resources for research and public education, reflecting the rich tapestry of Swedish and Swedish American cultures.
By creating a welcoming environment for all, ASI facilitates meaningful dialogues around cultural experiences, strengthening community ties and enhancing cultural understanding in a multicultural society.
This information is meant to be a general summary of The American Swedish Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $204,250
- Program Service Revenue: $1,186,210
- Gross Receipts: $7,674,982
Assets and Liabilities:
- Total Assets: $53,674,080
- Total Liabilities: $3,926,077
- Net Assets: $49,748,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASS AND PROGRAM
Revenue
$585,397
ADMISSIONS AND TOURS
Revenue
$237,101
CULINARY
Revenue
$162,937
SERVICES TO CONSULATE
Revenue
$31,725
Organization Details
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