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Arts, Culture, Humanities : Museums

American Swedish Institute

Celebrating Swedish culture

four stars

91.78

2600 Park Avenue Minneapolis, MN 55407
tel: (612) 871-4907   Web Site
EIN: 41-0711603

Board Leadership
Brad Engdahl
Chair

CEO
Bruce Karstadt
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.78 four stars
  Financial 90.72 four stars
  Accountability & Transparency 93.00 four stars
This rating was published 11/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The American Swedish Institute (ASI), founded in 1929 by Swedish immigrant newspaperman Swan J. Turnblad, is a historic house, museum, and cultural center that celebrates Swedish and Swedish-American culture. The Institute's Turnblad mansion is on the National Register of Historic Places. The ASI's purpose is to maintain an institute for the purpose of education to provide lectures, public meetings, conferences, art galleries, libraries, museums, exhibitions, concerts, and publications which promote knowledge of Swedish arts, literature and science. Our accomplishments for fiscal year ending 2008 include 75,000 museum visitors, two major exhibits, 10 smaller exhibits, and enhancements to permanent exhibits.

The American Swedish Institute (ASI), founded in 1929 by Swedish immigrant newspaperman Swan J. Turnblad, is a historic house, museum, and cultural center that celebrates Swedish and Swedish-American culture. The Institute's Turnblad mansion is on the National Register of Historic Places. The ASI's purpose is to maintain an institute for the purpose of education to provide lectures, public meetings, conferences, art galleries, libraries, museums, exhibitions, concerts, and publications which promote knowledge of Swedish arts, literature and science. Our accomplishments for fiscal year ending 2008 include 75,000 museum visitors, two major exhibits, 10 smaller exhibits, and enhancements to permanent exhibits.

Financial

four stars

90.72

Accountability & Transparency

four stars

93.00

This rating was published 11/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
68.9%
  Administrative Expenses 24.0%
  Fundraising Expenses 6.9%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 5.47
  Program Expenses Growth 8.0%
  Liabilities to Assets 3.0%
All data for Financial Performance Metrics calculations was provided by American Swedish Institute on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by American Swedish Institute on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
American Swedish Institute (MN) 91.78 four stars
Harvey B. Gantt Center for African-American Arts+Culture (NC) 89.25 three stars
Heard Museum (AZ) 88.07 three stars
The African American Museum in Philadelphia (PA) 85.38 three stars
Springfield Library and Museums Association (MA) 86.12 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,816,721
   Federated Campaigns $0
   Membership Dues $332,429
   Fundraising Events $0
   Related Organizations $0
   Government Grants $143,567
Total Contributions $2,292,717
   Program Service Revenue $1,204,527
Total Primary Revenue $3,497,244
   Other Revenue $1,195,397
TOTAL REVENUE $4,692,641
   
EXPENSES  
   Program Expenses $3,754,924
   Administrative Expenses $1,311,513
   Fundraising Expenses $364,609
TOTAL FUNCTIONAL EXPENSES $5,431,046
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-738,405
   
Net Assets $30,359,266

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Exhibitions $2,029,424 54.0%
Educational Activities $1,008,847 26.9%
Cultural Enterprises $716,653 19.1%

Ratings History
American Swedish Institute has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-09 11/01/2020 91.78 four stars
2018-09 07/01/2019 92.95 four stars
2017-09 07/01/2018 88.46 three stars
2016-09 12/01/2017 89.77 three stars
2015-09 11/01/2016 86.88 three stars
2014-09 06/01/2016 90.10 four stars
 
CN 2.0
2014-09 10/01/2015 84.33 three stars
2013-09 10/01/2014 90.07 four stars
2012-02 08/01/2013 80.68 three stars
2011-02 04/01/2012 86.81 three stars
2010-02 09/20/2011 83.10 three stars
 
CN 1.0
2010-02 06/01/2011 73.30 two stars
2009-02 11/24/2010 69.20 one star
2008-02 07/01/2009 60.72 one star
2007-02 04/01/2008 83.11 three stars
2005-02 05/01/2006 67.82 one star
2004-02 02/01/2005 67.63 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-0711603
Name in IRS Master File AMERICAN SWEDISH INSTITUTE
NTEE Code A23
NTEE Classification Cultural, Ethnic Awareness
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1942
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2018
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
Compensation % of Expenses Paid to Title
$134,750 2.48% Bruce Karstadt President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
American Swedish Institute (MN) 91.78 four stars
Japanese American National Museum (CA) 85.84 three stars
The African American Museum in Philadelphia (PA) 85.38 three stars
Museum of Danish America (IA) 86.64 three stars
Harvey B. Gantt Center for African-American Arts+Culture (NC) 89.25 three stars

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Charity Contact Info

American Swedish Institute
2600 Park Avenue
Minneapolis, MN 55407
tel: (612) 871-4907
EIN: 41-0711603

Visit Web Site

Board Leadership

Brad Engdahl
Chair

CEO

Bruce Karstadt
President & CEO

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