Civic Intelligence

The American Swedish Institute

EIN 41-0711603 • 501(c)3 • Minneapolis, MN

View Organization Page

Profile

The american swedish institute is a gathering place for all people to share experiences around themes of culture, migration, the environment and the arts, informed by enduring links to sweden.

2600 Park AvenueMinneapolis, MN 55407

www.asimn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.07x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.53x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

41st percentile

1.9%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

22nd percentile

$210,962

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

19th percentile

-2.5%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

11th percentile

-18%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$61,005,890

Down $1,552,299 (-2.5%) from 2024

Liabilities

Down

$4,067,193

Down $1,737,562 (-30%) from 2024

Net Assets

Up

$56,938,697

Up $185,263 (+0.3%) from 2024

Operations
Liabilities / Revenue62nd percentileNet Margin41st percentile

Revenue

Down

$7,711,753

Down $1,710,559 (-18%) from 2024

Expenses

Up

$7,562,634

Up $607,053 (+8.7%) from 2024

Net Income

Down

$149,119

Down $2,317,612 (-94%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $27,725,315Liabilities 2011: $983,820Net Assets 2011: $26,741,4952011Assets 2012: $32,153,147Liabilities 2012: $3,608,590Net Assets 2012: $28,544,5572012Assets 2013: $35,572,545Liabilities 2013: $5,485,461Net Assets 2013: $30,087,0842013Assets 2014: $32,589,810Liabilities 2014: $2,836,533Net Assets 2014: $29,753,2772014Assets 2015: $31,954,971Liabilities 2015: $2,417,961Net Assets 2015: $29,537,0102015Assets 2016: $31,455,874Liabilities 2016: $590,039Net Assets 2016: $30,865,8352016Assets 2017: $30,681,320Liabilities 2017: $576,380Net Assets 2017: $30,104,9402017Assets 2018: $31,678,486Liabilities 2018: $695,775Net Assets 2018: $30,982,7112018Assets 2019: $31,303,709Liabilities 2019: $944,443Net Assets 2019: $30,359,2662019Assets 2020: $34,796,375Liabilities 2020: $1,088,855Net Assets 2020: $33,707,5202020Assets 2021: $34,782,368Liabilities 2021: $637,235Net Assets 2021: $34,145,1332021Assets 2022: $53,674,080Liabilities 2022: $3,926,077Net Assets 2022: $49,748,0032022Assets 2023: $60,326,225Liabilities 2023: $7,403,188Net Assets 2023: $52,923,0372023Assets 2024: $62,558,189Liabilities 2024: $5,804,755Net Assets 2024: $56,753,4342024Assets 2025: $61,005,890Liabilities 2025: $4,067,193Net Assets 2025: $56,938,6972025

Highlighted filing

2025

Assets$61,005,890
Liabilities$4,067,193
Net Assets$56,938,697
Open 2025 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $2,932,7842011Expenses 2012: $2,464,8942012Expenses 2013: $4,743,5892013Revenue 2014: $3,777,769Expenses 2014: $4,159,553Net Income 2014: -$381,7842014Revenue 2015: $4,069,890Expenses 2015: $4,148,811Net Income 2015: -$78,9212015Revenue 2016: $5,415,255Expenses 2016: $4,331,552Net Income 2016: $1,083,7032016Revenue 2017: $4,445,463Expenses 2017: $4,258,783Net Income 2017: $186,6802017Revenue 2018: $5,646,872Expenses 2018: $4,866,041Net Income 2018: $780,8312018Revenue 2019: $4,692,641Expenses 2019: $5,431,046Net Income 2019: -$738,4052019Revenue 2020: $8,024,272Expenses 2020: $4,863,479Net Income 2020: $3,160,7932020Revenue 2021: $4,546,690Expenses 2021: $4,756,108Net Income 2021: -$209,4182021Revenue 2022: $22,744,075Expenses 2022: $5,718,197Net Income 2022: $17,025,8782022Revenue 2023: $6,637,892Expenses 2023: $6,349,348Net Income 2023: $288,5442023Revenue 2024: $9,422,312Expenses 2024: $6,955,581Net Income 2024: $2,466,7312024Revenue 2025: $7,711,753Expenses 2025: $7,562,634Net Income 2025: $149,1192025

Highlighted filing

2025

Revenue$7,711,753
Expenses$7,562,634
Net Income$149,119
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,005,890
Liabilities
$4,067,193
Net assets
$56,938,697
Revenue
$7,711,753
Expenses
$7,562,634
Net income
$149,119
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$61.0$4.07$56.9$7.71$7.56$0.15
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.6$5.80$56.8$9.42$6.96$2.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.3$7.40$52.9$6.64$6.35$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$3.93$49.7$22.7$5.72$17.0
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.8$0.64$34.1$4.55$4.76$0.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.8$1.09$33.7$8.02$4.86$3.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.3$0.94$30.4$4.69$5.43$0.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.7$0.70$31.0$5.65$4.87$0.78
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$0.58$30.1$4.45$4.26$0.19
2016Detailed filing. Detailed filing data is available for this year.$31.5$0.59$30.9$5.42$4.33$1.08
2015Detailed filing. Detailed filing data is available for this year.$32.0$2.42$29.5$4.07$4.15$0.08
2014Detailed filing. Detailed filing data is available for this year.$32.6$2.84$29.8$3.78$4.16$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.6$5.49$30.1$4.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.2$3.61$28.5$2.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.7$0.98$26.7$2.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 27, 2026
Return Version
2024v5.5
Gross Receipts
$8,470,957
Mission and Program Overview

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.

Asi is a place to share swedish experiences of culture, migration, the environment and the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,500,296$32,141,950▼ $1,358,346
Investments in Publicly Traded Securities$6,313,817$6,784,202▲ $470,385
Savings and Temporary Cash Investments$3,494,044$2,050,297▼ $1,443,747
Pledges and Grants Receivable$1,114,454$693,777▼ $420,677
Inventories for Sale or Use$266,450$179,814▼ $86,636
Prepaid Expenses and Deferred Charges$79,943$105,977▲ $26,034
Cash and Non-Interest-Bearing Accounts$58,802$90,014▲ $31,212
Accounts Receivable$69,594$38,882▼ $30,712
Total Assets$62,558,189$61,005,890▼ $1,552,299
Other Assets Total$17,660,789$18,920,977▲ $1,260,188
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,201,302$3,434,324▼ $1,766,978
Accounts Payable and Accrued Expenses$418,398$415,457▼ $2,941
Deferred Revenue$185,055$217,412▲ $32,357
Total Liabilities$5,804,755$4,067,193▼ $1,737,562
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,450,417$31,309,490▼ $1,140,927
Net Assets With Donor Restrictions$24,303,017$25,629,207▲ $1,326,190
Total Net Assets Fund Balance$56,753,434$56,938,697▲ $185,263
Total Liabilities and Net Assets / Fund Balance$62,558,189$61,005,890▼ $1,552,299

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,687,232$15,477,437$41,164,669
Land$6,155,000-$6,155,000
Equipment$296,078$1,844,422$2,140,500
Other Land Buildings$3,640-$3,640
Other Assets Org$18,920,977--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,401,565-▲ $528,570$406,077$5,524,058
2023$4,621,797-▲ $1,169,012$389,244$5,401,565
2022$4,436,351-▲ $509,361$323,915$4,621,797
2021$5,384,383-▼ $682,815$265,217$4,436,351
2020$5,126,034-▲ $596,078$337,729$5,384,383
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Molly SteensonPresident/CEOFT$201,517$9,445$210,962
Ingrid Nyholm LangeCOOFT$134,178$15,076$149,254
Christiana StolpestadDirector of DevelopmentFT$120,359$18,871$139,230
Steven EngelkesDirector of FinanceFT$79,691$666$80,357

Board Members and Trustees

NameTitle
Sara StenbergBoard Member, Chair From June 2025
Dr Margaret AdamekChair to June 2025
Tikki BrownVice Chair
Alyssa Malinski EricksonBoard Member
Andrea OselandBoard Member
Andreas OrnbergBoard Member
Axel Peter HilgerBoard Member
Barbara GlaserBoard Member
Barbara SwadburgBoard Member
Carline BengtssonBoard Member
David SorensenBoard Member
Debra BarnesBoard Member
Elodie LeeBoard Member
Hans BurbidgeBoard Member
Katie JacobsonBoard Member
Lars Erik LeafbladBoard Member
Lenor SchefflerBoard Member
Leslie GoedkenBoard Member
Marcia AndersonBoard Member
Marco MolinariBoard Member
Tamir ElnabarawyBoard Member
William WeilerBoard Member
Brenda ButlerSecretary
Lisa KalleboTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Je Dunn ConstructionConstruction800 WASHINGTON AVENUE NORTH SUITE, Minneapolis, MN 55401$180,591
CulinaireCatering8303 ELMBROOK DRIVE, Dallas, TX 75247$112,734
Success Computer ConsultingComputer SupportPO BOX 851756, Minneapolis, MN 55485$100,847
Revenue and Support

Revenue Composition

Contributions and Grants
$5,219,533
Program Service Revenue
$1,317,549
Investment Income
$666,829
Other Revenue
$507,842
All Other Contributions
$4,700,458
Change in Net Assets
$149,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,434,546
Revenue Not Reported on Financial Statements
$-722,793
Revenue Not Reported on Form 990
$36,144
Other Revenue Adjustments
$-759,205
Total Revenue per Audited Statements
$8,470,690
Total Revenue per Form 990
$7,711,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,775,547
Other Expenses$3,766,454
Total Fundraising Expense$373,270
Grants and Similar Amounts Paid$20,633
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,902,959$755,458$222,193$2,880,610
Depreciation Depletion$1,333,870$115,869$6,788$1,456,527
Fees for Services Other$348,650$130,253$1,848$480,751
Current Officers, Directors, Trustees, and Key Employees-$418,482$18,824$437,306
Office Expenses$133,973$82,614$27,720$244,307
Payroll Taxes$146,259$74,623$19,146$240,028
Interest$227,976--$227,976
Other Employee Benefits$171,749-$27,922$199,671
Occupancy$139,510$16,798$1,176$157,484
Insurance$125,706$10,795$512$137,013
Advertising$150$122,325-$122,475
Information Technology$71,581$39,441$9,244$120,266
Fees for Services Accounting$1,308$92,466$44$93,818
All Other Expenses$55,179--$55,179
Other Expenses$50,047$3,755$5,069$50,047
Travel$23,073$17,745$962$41,780
Fees for Service Investment Mgmnt Fees-$36,412-$36,412
Fees for Services Legal-$31,479-$31,479
Grants to Domestic Orgs$20,633--$20,633
Pension Plan Contributions$12,349$3,464$2,119$17,932
Fees for Services Lobbying$14,500--$14,500
Total Functional Expenses$5,182,578$2,006,786$373,270$7,562,634

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,285,427
Total Expenses per Form 990$7,562,634
Expenses per Audited Statements$7,526,222
Expenses Not Reported on Form 990$759,205
Expenses Not Reported on Financial Statements$36,412
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“The executive committee is allowed to make decisions on behalf of the board but must report their actions back to the board.”

Form 990, Part VI, Section A, Line 3

“Culinaire, a food and beverage management company, managed asi's food and beverage and space rental operations.”

Form 990, Part VI, Section A, Line 6

“There is only one class of membership in the organization. The membership elects board members at an annual meeting.”

Form 990, Part VI, Section A, Line 7A

“There is only one class of membership in the organization. The membership elects board members at an annual meeting.”

Form 990, Part VI, Section B, Line 11B

“The 990 return is first reviewed by the cfo and then by the treasurer. After the cfo and treasurer have reviewed the form 990 is sent to the entire board for approval.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest statements are filled out annually. They are collected and reviewed by the executive committee of the board. Conflict of interest policies have been in place for several years.”

Form 990, Part VI, Section B, Line 15A

“Compensation is determined through discussion by the executive committee. Compensation was based on comparable positions and budget requirements.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflicts of interest policy, and financial statements are available to the public upon request or by website.”

Filing and Contact Details

Filer

Filer Name
The American Swedish Institute
EIN
41-0711603
Phone
6128714907
Address
2600 PARK AVENUE, MINNEAPOLIS, MN 55407

Signing Officer

Name
Molly Steenson
Title
CEO/president
Phone
6128714907
Signed
2026-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Molly Steenson
Formed
1929
Legal Domicile
Mn
Voting Board Members
22
Independent Board Members
22
Employees
117
Volunteers
147

Preparer

Firm
Redpath and Company LLC
Address
400 ROBERT ST N SUITE 1600, ST PAUL, MN 55101
Preparer
Cathy a Lydon CPA
Phone
6514267000
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“The collections consist of swedish artwork, crafts, textiles, books, and historical materials used to educate the public on swedish culture.”

PART V, LINE 4:

“Asi's endowments consist of funds established to provide for building and gardens maintenance and improvements, scholarships, and swedish educational and cultural programs, as well as for general operations in support of the mission.”

PART X, LINE 2:

“Asi has tax-exempt status under section 501(c)(3) of the internal revenue code and, accordingly, is not subject to federal income taxes. Accordingly, asi is only subject to federal and state income taxes on any unrelated business income (ubi). Asi has not had any material ubi activities. A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes asi has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“COST OF GOODS SOLD”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cost of goods sold -528,341. Rental expenses -230,864.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 528,341. Rental expense 230,864.”

Raw XML AppendixShowing 400 of 800 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0415457
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IRS990/AccountsReceivableGrp/EOYAmt038882
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ASI IS A PLACE TO SHARE SWEDISH EXPERIENCES OF CULTURE, MIGRATION, THE ENVIRONMENT AND THE ARTS.
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IRS990/AdvertisingGrp/ProgramServicesAmt0150
IRS990/AdvertisingGrp/TotalAmt0122475
IRS990/AllOtherContributionsAmt04700458
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SUCCESS COMPUTER CONSULTING
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IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0115869
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01333870
IRS990/DepreciationDepletionGrp/TotalAmt01456527
IRS990/Desc0EXHIBITIONS: 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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