Nonprofit · EIN 41-0711603
AMERICAN SWEDISH INSTITUTE
Tax-exempt · MINNEAPOLIS, MN 55407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $7,711,753 | $7,562,634 | $149,119 | $61,005,890 | $4,067,193 | $56,938,697 |
| September 30, 2024 | 990 | $9,422,312 | $6,955,581 | $2,466,731 | $62,558,189 | $5,804,755 | $56,753,434 |
| September 30, 2023 | 990 | $6,637,892 | $6,349,348 | $288,544 | $60,326,225 | $7,403,188 | $52,923,037 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $5,219,533
- of which government grants
- $183,900
- Membership dues
- $335,175
- Program service revenue
- $1,317,549
- Investment income
- $666,829
- Net rental income
- $72,602
- Net gain from sales of assets
- $490,384
- Net income from sales of inventory
- $435,240
- Other revenue
- $507,842
Expenses
- Grants and similar amounts paid
- $20,633
- Compensation of officers, directors and key employees
- $437,306
- Other salaries and wages
- $2,880,610
- Salaries, compensation and benefits (total)
- $3,775,547
- Professional fundraising fees
- $0
- Legal fees
- $31,479
- Accounting fees
- $93,818
- Occupancy
- $157,484
- Travel
- $41,780
- Depreciation
- $1,456,527
- Program services (functional)
- $5,182,578
- Management and general (functional)
- $2,006,786
- Fundraising (functional)
- $373,270
Balance sheet and other
- Total assets, start of year
- $62,558,189
- Total assets, end of year
- $61,005,890
- Total liabilities, end of year
- $4,067,193
- Net assets, end of year
- $56,938,697
- Land, buildings and equipment
- $32,141,950
- Publicly traded securities
- $6,784,202
- Net assets without donor restrictions
- $31,309,490
- Net assets with donor restrictions
- $25,629,207
- Gross unrelated business income
- $213,023
- Gross receipts
- $8,470,957
- Employees
- 117
- Volunteers
- 147
- Year formed
- 1929
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY STEENSON | PRESIDENT/CEO Officer | 45 | $201,517 | $9,445 |
| INGRID NYHOLM LANGE | COO Officer | 45 | $134,178 | $15,076 |
| CHRISTIANA STOLPESTAD | DIRECTOR OF DEVELOPMENT Highest-paid employee | 45 | $120,359 | $18,871 |
| STEVEN ENGELKES | DIRECTOR OF FINANCE Officer | 45 | $79,691 | $666 |
| DR MARGARET ADAMEK | CHAIR TO JUNE 2025 Trustee or director, Officer | 1.8 | $0 | $0 |
| SARA STENBERG | BOARD MEMBER, CHAIR FROM JUNE 2025 Trustee or director, Officer | 1.8 | $0 | $0 |
| TIKKI BROWN | VICE CHAIR Trustee or director, Officer | 1.8 | $0 | $0 |
| LISA KALLEBO | TREASURER Trustee or director, Officer | 1.8 | $0 | $0 |
| BRENDA BUTLER | SECRETARY Trustee or director, Officer | 1.8 | $0 | $0 |
| ALYSSA MALINSKI ERICKSON | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ANDREA OSELAND | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ANDREAS ORNBERG | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| AXEL PETER HILGER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BARBARA GLASER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BARBARA SWADBURG | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARLINE BENGTSSON | BOARD MEMBER Trustee or director | 1.8 | $0 |
| DAVID SORENSEN | BOARD MEMBER Trustee or director | 1.8 | $0 |
| DEBRA BARNES | BOARD MEMBER Trustee or director | 1.8 | $0 |
| ELODIE LEE | BOARD MEMBER Trustee or director | 1.8 | $0 |
| HANS BURBIDGE | BOARD MEMBER Trustee or director | 1.8 | $0 |
| KATIE JACOBSON | BOARD MEMBER Trustee or director | 1.8 | $0 |
| LARS ERIK LEAFBLAD | BOARD MEMBER Trustee or director | 1.8 | $0 |
| LENOR SCHEFFLER | BOARD MEMBER Trustee or director | 1.8 | $0 |
| LESLIE GOEDKEN | BOARD MEMBER Trustee or director | 1.8 | $0 |
| MARCIA ANDERSON | BOARD MEMBER Trustee or director | 1.8 | $0 |
| MARCO MOLINARI | BOARD MEMBER Trustee or director | 1.8 | $0 |
| TAMIR ELNABARAWY | BOARD MEMBER Trustee or director | 1.8 | $0 |
| WILLIAM WEILER | BOARD MEMBER Trustee or director | 1.8 | $0 |
990 for the year ended September 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY STEENSON | PRESIDENT/CEO Officer | 45 | $199,641 | $9,445 |
| INGRID NYHOLM LANGE | COO Officer | 45 | $130,472 | $14,594 |
| CHRISTIANA STOLPESTAD | DIRECTOR OF DEVELOPMENT Highest-paid employee | 45 | $110,431 | $18,861 |
| STEVEN ENGELKES | CFO Officer | 45 | $79,691 | $666 |
| DR MARGARET ADAMEK | CHAIR Trustee or director, Officer | 1.8 | $0 | $0 |
| DAVID SORENSEN | VICE CHAIR Trustee or director, Officer | 1.8 | $0 | $0 |
| ELIZABETH OLSON | TREASURER Trustee or director, Officer | 1.8 | $0 | $0 |
| LYNNEA ATLAS-INGEBRETSON | SECRETARY Trustee or director, Officer | 1.8 | $0 | $0 |
| MARCIA ANDERSON | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| AIMEE RICHCREEK BAXTER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| CARLINE BENGTSSON | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BRENDA BUTLER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| TIKKI BROWN | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BRAD ENGDAHL | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BARBARA GLASER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| DR MARY DEE HICKS | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| PETER HILGER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| LISA KALLEBO | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| DR JOHN LITELL | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| MARCO MOLINARI | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ELODIE LEE | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ANDREAS ORNBERG | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ANDREA OSELAND | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| LENOR SCHEFFLER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| SARA STENBERG | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| WILLIAM WEILER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
990 for the year ended September 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE KARSTADT | FORMER PRESIDENT/CEO Officer | 45 | $158,236 | $36,787 |
| CHRISTIANA STOLPESTAD | DIRECTOR OF DEVELOPMENT Highest-paid employee | 45 | $107,663 | $33,794 |
| PEGGY KORSMO-KENNON | COO Officer | 45 | $113,205 | $18,809 |
| STEVEN ENGELKES | CFO Officer | 45 | $99,511 | $32,373 |
| DR MARGARET ADAMEK | CHAIR Trustee or director, Officer | 1.8 | $0 | $0 |
| DAVID SORENSEN | VICE CHAIR Trustee or director, Officer | 1.8 | $0 | $0 |
| ELIZABETH OLSON | TREASURER Trustee or director, Officer | 1.8 | $0 | $0 |
| LYNNEA ATLAS-INGEBRETSON | SECRETARY Trustee or director, Officer | 1.8 | $0 | $0 |
| MARCIA ANDERSON | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| AIMEE RICHCREEK BAXTER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| CARLINE BENGTSSON | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BRENDA BUTLER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| TIKKI BROWN | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BRAD ENGDAHL | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| BARBARA GLASER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| DR MARY DEE HICKS | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| PETER HILGER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| LISA KALLEBO | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| DR JOHN LITELL | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| MARCO MOLINARI | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ELODIE LEE | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ANDREAS ORNBERG | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| ANDREA OSELAND | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| LENOR SCHEFFLER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| SARA STENBERG | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| WILLIAM WEILER | BOARD MEMBER Trustee or director | 1.8 | $0 | $0 |
| MOLLY STEENSON | PRESIDENT/CEO Officer | 45 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2600 PARK AVE, MINNEAPOLIS, MN 55407-1007
- Principal officer (990 for 2024)
- MOLLY STEENSON, 2600 PARK AVENUE, MINNEAPOLIS, MN 55407
- Signed the 990
- MOLLY STEENSON, CEO/PRESIDENT
- Phone
- (612) 871-4907
- Website
- WWW.ASIMN.ORG
- Return prepared by
- REDPATH AND COMPANY LLC
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 accomplishments
- 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.Expenses $2,428,892 · revenue $396,758
- 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.Expenses $1,806,480 · grants $20,633 · revenue $630,318
- 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.Expenses $947,206 · revenue $524,093
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 41-0711603
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1942
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A230)
- Assets (IRS master file)
- $61,005,890
- Income (IRS master file)
- $8,470,957
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $7,711,753 | $7,562,634 | $61,005,890 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $9,422,312 | $6,955,581 | $62,558,189 | IRS |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $6,637,892 | $6,349,348 | $60,326,225 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $22,744,075 | $5,718,197 | $53,674,080 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0711603).
Questions about AMERICAN SWEDISH INSTITUTE
- What is the EIN of AMERICAN SWEDISH INSTITUTE?
- The employer identification number (EIN) of AMERICAN SWEDISH INSTITUTE is 41-0711603.
- Is AMERICAN SWEDISH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
- Are donations to AMERICAN SWEDISH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN SWEDISH INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN SWEDISH INSTITUTE due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN SWEDISH INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of AMERICAN SWEDISH INSTITUTE?
- The 990 for the year ended September 30, 2025 names MOLLY STEENSON.
- Who are the officers and directors of AMERICAN SWEDISH INSTITUTE?
- The 990 for the year ended September 30, 2025 lists 28 people; 4 received compensation from the organization, the highest $201,517 (MOLLY STEENSON, PRESIDENT/CEO).
- How much revenue does AMERICAN SWEDISH INSTITUTE have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $7,711,753, expenses of $7,562,634 and total assets of $61,005,890 at year end.
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