Minnesota · Nonprofit
THE AMERICAN SWEDISH INSTITUTE
THE AMERICAN SWEDISH INSTITUTE (Minnesota) receives grants from 41 organizations whose IRS filings report $16,491,104 to it, the largest being ANNE RAY FOUNDATION ($9,827,231). 26 of them have funded it in more than one year.
- Revenue FY2025
- $7.7M
- Funders on record
- 41
- Grants received
- $16M
- Net assets
- $57M
What The American Swedish Institute does
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.
As stated on its FY2025 Form 990.
Programs
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.
$2,428,892 spent$396,758 earned by the program47% of program spendingThe 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.
$1,806,480 spentof which $20,633 as grants$630,318 earned by the program35% of program spendingCultural 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.
$947,206 spent$524,093 earned by the program18% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $5,182,578.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $35M to $54M (+54%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 4% · 2018 3% · 2019 3% · 2020 2% · 2021 23% · 2022 4% · 2023 3% · 2024 3% · 2025 2%. Grants only. Government contracts and fees sit inside program revenue.
68% of THE AMERICAN SWEDISH INSTITUTE’s revenue is contributions — more donation-reliant than the typical peer (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Molly Steenson
President/CEO
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2022 and FY2023 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 10 funders to 19 funders, grant income rose $130k → $2.7M.
10 of 41 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE AMERICAN SWEDISH INSTITUTE’s funders (the co-funder graph). Top 30 of 41 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE AMERICAN SWEDISH INSTITUTE leans on a few funders — its largest provides 60% of grant income and the top three 78%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
69% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE AMERICAN SWEDISH INSTITUTE.
Largest funder’s share by year: 2017 31% · 2018 25% · 2019 27% · 2020 83% · 2021 75% · 2022 65% · 2023 59% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
48% of THE AMERICAN SWEDISH INSTITUTE's funders are still giving 3 years after their first grant; 63% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
77% of THE AMERICAN SWEDISH INSTITUTE's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.1M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE AMERICAN SWEDISH INSTITUTE has grown faster than half of the 3,230 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025
Government funding THE AMERICAN SWEDISH INSTITUTE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $140k on record.
- Institute of Museum and Library Services$140k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE AMERICAN SWEDISH INSTITUTE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
69% of spending goes to programs.
Governance
Public support
59%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for THE AMERICAN SWEDISH INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE AMERICAN SWEDISH INSTITUTE?
- THE AMERICAN SWEDISH INSTITUTE (Minnesota) receives grants from 41 organizations whose IRS filings report $16,491,104 to it, the largest being ANNE RAY FOUNDATION ($9,827,231). 26 of them have funded it in more than one year.
- How many funders does THE AMERICAN SWEDISH INSTITUTE have?
- IRS filings report 41 organizations giving $16,491,104 in grants to THE AMERICAN SWEDISH INSTITUTE, 26 of which have funded it in more than one year.
- Who is the largest funder of THE AMERICAN SWEDISH INSTITUTE?
- ANNE RAY FOUNDATION is the largest funder on record, with $9,827,231 in grants. The full list of funders is on this page.
- How can an organization like THE AMERICAN SWEDISH INSTITUTE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds American Swedish Institute →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 41 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing