2021-07-15T12:06:52-05:00 2020-09-30 410975573 REDPATH AND COMPANY LTD 4810 WHITE BEAR PARKWAY WHITE BEAR LAKE MN 55110 990 2019-10-01 410711603 THE AMERICAN SWEDISH INSTITUTE AMER 6128714907 2600 PARK AVENUE MINNEAPOLIS MN 55407 BRUCE KARSTADT CEO/PRESIDENT 6128714907 2021-04-22 1 ASHLEY C REHN CPA P00965922 6514267000 2021-04-22 2019 2022-09-23 18:48:47Z BRUCE KARSTADT 2600 PARK AVENUE MINNEAPOLIS MN 55407 9573448 0 X WWW.ASIMN.ORG X 1929 MN ASI IS A PLACE TO SHARE SWEDISH EXPERIENCES OF CULTURE, MIGRATION, THE ENVIRONMENT AND THE ARTS. 23 23 86 144 20450 0 2292717 6528569 1204527 724847 296792 246378 898605 524478 4692641 8024272 10498 7762 0 0 2417574 2440657 0 0 428305 3002974 2415060 5431046 4863479 -738405 3160793 31303709 34796375 944443 1088855 30359266 33707520 X 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. 0 0 1625938 0 227239 EXHIBITIONS: ASI HOSTED TWO MAJOR EXHIBITS IN FY2020 AND FOUR SMALLER, SHORT-TERM EXHIBITS. 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 AND NORDIC HERITAGE MUSEUMS. ONE OF THE MAJOR EXHIBIT EXPERIENCES IS THE 33-ROOM TURNBLAD MANSION AND ITS ANNUAL NORDIC CHRISTMAS DISPLAYS REPRESENTING DISPLAYS FOR THE FIVE NORDIC COUNTRIES. VISITOR AND VOLUNTEER SERVICES: VISITOR SERVICES STAFF SCHEDULE GROUP TOURS OF THE MANSION, AND HANDLE THE RECEPTION, REGISTRATION AND ADMISSION FUNCTIONS FOR ASI. VOLUNTEERS ASSIST IN EVERY ASPECT OF ASI OPERATIONS. IN FY 2020, 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. DUE TO THE COVID-19 PANDEMIC, BEGINNING IN MID-MARCH 2020, A SMALL NUMBER OF EXHIBITIONS WERE CANCELED, ALTERED, OR POSTPONED AS ASI FOLLOWED MANDATED SAFETY PROTOCOLS. IN RESPONSE TO THESE CLOSURES, ASI CREATED VIRTUAL EXHIBITIONS AS WELL AS MOUNTING AN EXHIBITION ON THE OUTDOORS GROUNDS OF ASI'S CAMPUS. 862430 7762 336022 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. ADULT PROGRAMS INCLUDE SWEDISH AND FINNISH LANGUAGE CLASSES; CRAFT, FOODWAYS, FOLK ART, AND CULTURE WORKSHOPS; AS WELL AS LECTURES, TOURS, EXHIBIT 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, CRAFT WORKSHOPS FOR YOUTH, SEASONAL YOUTH AND FAMILY ACTIVITIES, COMMUNITY PROGRAMS (AT ASI AND OUTREACH IN SCHOOLS), AFTER-SCHOOL PROGRAMS AND CAMPS. ASI ALSO INCORPORATES CHILDREN/FAMILY ACTIVITIES FOR ALL MAJOR EXHIBITS. DUE TO THE COVID-19 PANDEMIC, BEGINNING IN MID-MARCH 2020, MANY PROGRAMS WERE CANCELED, POSTPONED, OR SUSPENDED. AS ASI FOLLOWED MANDATED SAFETY PROTOCOLS. HOWEVER, CIRCUMSTANCES RELATED TO THE PANDEMIC SPURRED THE CREATION OF MANY NEW VIRTUAL PROGRAMS AND EXPERIENCES TO FURTHER ASI'S MISSION. 677176 0 507386 CULTURAL ENTERPRISES INCLUDE THREE UNITS: THE MUSEUM STORE, FOOD SERVICE AT FIKA CAFE AND SLATE & STONE CATERING, AND FACILITY RENTALS. THE MUSEUM STORE AND FIKA CAFE ARE LOCATED IN THE NELSON CULTURAL CENTER AND ARE MUSEUM ENHANCING VISITOR AMENITIES. THE STORE SELLS TRADITIONAL AND MODERN NORDIC ITEMS RELATING TO THE MISSION OF ASI AND MUSEUM, PROGRAMS, AND EXHIBITS. 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, THE TURNBLAD MANSION AS WELL AS OUTDOOR SPACES FOR THOSE DESIRING A PRIVATE GROUP EXPERIENCE AT ASI. DUE TO THE COVID-19 PANDEMIC, BEGINNING IN MID-MARCH 2020, ALL CULTURAL ENTERPRISES WERE SHUT DOWN THROUGH SEPTEMBER 10, 2020 WHEN ASI REOPENED TO THE PUBLIC. THERE WAS OPPORTUNITY FOR LIMITED CURBSIDE PICK-UP SALES FOR THE MUSEUM STORE DURING THE CLOSURE. 3165544 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 86 1 1 1 1 SW 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X STEVEN ENGELKES 6128718682 2600 PARK AVENUE MINNEAPOLIS MN 55407 BRUCE KARSTADT PRESIDENT/CEO 45.00 X 145277 0 14415 PEGGY KORSMO-KENNON COO 45.00 X 103445 0 14039 LORI DOEHNE CFO 45.00 X 68694 0 16847 STEVEN ENGELKES CFO 45.00 X 18714 0 2279 BARBARA GLASER CHAIR 1.80 X X 0 0 0 BRAD ENGDAHL VICE CHAIR 1.80 X X 0 0 0 DR MARGARET ADAMEK SECRETARY 1.80 X X 0 0 0 ELIZABETH OLSON TREASURER 1.80 X X 0 0 0 DIANE HOFSTEDE BOARD MEMBER 1.80 X 0 0 0 DR DAVID CARLSON BOARD MEMBER (PART YEAR) 1.80 X 0 0 0 DR PHILIP ANDERSON BOARD MEMBER 1.80 X 0 0 0 KARL BENSON BOARD MEMBER 1.80 X 0 0 0 LAURIE HOLMQUIST BOARD MEMBER 1.80 X 0 0 0 LAURIE JOCOBI BOARD MEMBER 1.80 X 0 0 0 LINDA WALLENBERG BOARD MEMBER 1.80 X 0 0 0 MICHAEL BJORNBERG BOARD MEMBER 1.80 X 0 0 0 RUSS MICHALETZ BOARD MEMBER (PART YEAR) 1.80 X 0 0 0 TED JOHNSON BOARD MEMBER 1.80 X 0 0 0 AIMEE RICHCREEK BAXTER BOARD MEMBER 1.80 X 0 0 0 MARY DEE HICKS BOARD MEMBER 1.80 X 0 0 0 DR JOHN LITELL BOARD MEMBER 1.80 X 0 0 0 BRENDA BUTLER BOARD MEMBER 1.80 X 0 0 0 MOHAMUD MUMIN BOARD MEMBER 1.80 X 0 0 0 ANDREAS ORNBERG BOARD MEMBER 1.80 X 0 0 0 WILLIAM WEILER BOARD MEMBER 1.80 X 0 0 0 CARLINE BENGTSSON BOARD MEMBER 1.80 X 0 0 0 MARCO MOLINARI BOARD MEMBER 1.80 X 0 0 0 ANDREA OSELAND BOARD MEMBER 1.80 X 0 0 0 DAVID SORENSEN BOARD MEMBER 1.80 X 0 0 0 336130 0 47580 2 0 1 0 HAMMEL GREEN AND ABRAHAMSON PO BOX 86 MINNEAPOLIS MN 55486 CONSTRUCTION ARCHITECTURE 422224 JE DUNN CONSTRUCTION 800 WASHINGTON AVE MINNEAPOLIS MN 55401 EXHIBIT INSTALL & TEARDOWN 128692 2 325956 145296 6057317 503961 6528569 CLASS AND PROGRAM 900099 336022 336022 ADMISSIONS AND TOURS 900099 193939 193939 CULINARY 722210 66702 38754 27948 SERVICES TO CONSULATE 900099 33300 33300 94884 94884 724847 164530 164530 130280 0 130280 130280 130280 1306686 1224838 81848 81848 81848 718536 324338 394198 373748 20450 8024272 1070647 20450 404606 7762 7762 373871 335793 38078 1698986 1189151 342123 167712 15165 9324 4156 1685 203060 126069 55073 21918 149575 88334 47475 13766 9088 9088 24414 175 24239 60295 60295 244313 120891 100806 22616 41313 890 40259 164 259822 147591 70487 41744 99751 56788 24164 18799 198217 164013 31846 2358 23437 2871 12480 8086 957915 880507 73124 4284 63750 49801 13811 138 EXHIBIT EXP 120637 120637 FOOD AND CATERING 111146 39847 3244 68055 REPAIR & MAINTENANCE 86484 84834 1055 595 DUES, LICENSES & SUBSCR 78684 46962 15401 16321 35794 29097 4711 1986 4863479 3165544 1269630 428305 210908 207276 1965325 2972789 1048698 3104024 45448 62912 192266 202217 36562 19187 32954190 11318748 21844862 21635442 5959640 6592528 31303709 34796375 555691 395679 388752 258626 434550 944443 1088855 X 23518519 22581698 6840747 11125822 30359266 33707520 31303709 34796375 3160793 187461 0 X 0 1 X 1 0 X 3631388 2659418 3678004 2292717 6528569 18790096 3631388 2659418 3678004 2292717 6528569 18790096 10584902 8205194 131773 147549 162751 171093 294810 907976 19698072 8643296 0.41650 0.44970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 5109351 271897 255214 5126034 4842649 271402 4700 5109351 4746609 230040 134000 4842649 4553032 313362 119785 4746609 4391436 294711 133115 4553032 0.00000 0.74000 0.26000 0 0 6155000 6155000 25248009 10033105 15214904 1551181 1285643 265538 21635442 X 8482876 187461 7100 324338 518899 7963977 60295 60295 8024272 5134622 7100 324338 331438 4803184 60295 60295 4863479 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 324,338. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 324,338. PARTS XI AND XII ASI IMPLEMENTED THE PROVISIONS OF ACCOUNTING STANDARDS UPDATE (ASU) 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606), ASU 2018-08, CLARIFYING THE SCOPE AND THE ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE AND ASU 2016-18, STATEMENT OF CASH FLOWS (TOPIC 230): RESTRICTED CASH. ASU 2014-09 PROVIDES NEW REVENUE RECOGNITION STANDARDS, ELIMINATING THE TRANSACTION- AND INDUSTRY-SPECIFIC REVENUE RECOGNITION GUIDANCE AND REPLACES IT WITH A PRINCIPLE-BASED APPROACH FOR DETERMINING REVENUE RECOGNITION. IMPLEMENTATION OF THIS STANDARD DID NOT RESULT IN ANY CHANGES TO AMOUNTS PREVIOUSLY REPORTED AND, ACCORDINGLY, NO RESTATEMENT WAS APPLICABLE. ASU 2018-08 ASSISTS ENTITIES IN EVALUATING WHETHER TRANSACTIONS SHOULD BE ACCOUNTED FOR AS CONTRIBUTIONS OR EXCHANGE TRANSACTIONS AND DETERMINING WHETHER A CONTRIBUTION IS CONDITIONAL. IMPLEMENTATION OF THIS STANDARD DID NOT RESULT IN ANY CHANGES TO AMOUNTS PREVIOUSLY REPORTED AND, ACCORDINGLY, NO RESTATEMENT WAS APPLICABLE. ASU 2016-18 REQUIRES THAT RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS BE INCLUDED AS COMPONENTS OF TOTAL CASH AND CASH EQUIVALENTS AS PRESENTED ON THE STATEMENT OF CASH FLOWS. THE PREVIOUSLY REPORTED STATEMENT OF CASH FLOWS WAS RESTATED TO INCLUDE RESTRICTED CASH AS A COMPONENT OF TOTAL CASH AND CASH EQUIVALENTS IN THE STATEMENT OF CASH FLOWS. 1 SCHOLARSHIPS AND STIPEND 7 7762 0 N/A N/A PART I, LINE 2: MAJOR AWARD RECIPIENTS ARE REQUIRED TO SUBMIT A FINAL REPORT TO THE AMERICAN SWEDISH INSTITUTE, AS WELL AS ANY PUBLISHED OR PRESENTED WORK RESULTING FOR THE STUDY WITHIN 6 MONTHS OF THE TERM OF THE GRANT. X 0 0 0 0 0 0 0 0 0 BRUCE KARSTADT PRESIDENT/CEO 145277 0 0 0 0 0 1422 0 12993 0 159692 0 0 0 X 1 503961 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN B IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 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 ASI MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OR BY WEBSITE.