Skip to content
Nonprofiteer
← MEDICA FOUNDATION

Form 990 for tax year 2024

Filed by MEDICA FOUNDATION.

Totals

Total revenue
$7,617,966
Total expenses
$3,512,890
Contributions and grants received
$0
Grants paid
$2,850,000
Program service revenue
$0
Investment income
$7,617,966
Other revenue
$0
Total assets, end of year
$76,228,960
Total liabilities, end of year
$1,801,500
Net assets or fund balances, end of year
$74,427,460
Program services expenses (Part IX)
$2,850,000
Management and general expenses
$662,890
Fundraising expenses
$0
Program service expenses (Part III)
$2,850,000

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,982,798 · excluded $1,982,798

  • 7a · Gross sales of assets other than inventory

    securities $8,711,507

  • 7b · Less cost or other basis and sales expenses

    securities $3,076,339

  • 7c · Gain or loss

    securities $5,635,168

  • 7d · Net gain or loss

    total $5,635,168 · excluded $5,635,168

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,850,000 · program services $2,850,000

  • 11f · Fees: investment management

    total $182,890 · management and general $182,890

  • 24a · Other expenses: LEASED EMPLOYEES

    total $480,000 · management and general $480,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $306,382 · end of year $1,749,700

  • 4 · Accounts receivable

    beginning of year $67,766 · end of year $38,835

  • 12 · Investments: other securities

    beginning of year $70,457,430 · end of year $74,440,425

  • 18 · Grants payable

    beginning of year $535,000 · end of year $1,801,500

  • 27 · Net assets without donor restrictions

    beginning of year $70,296,578 · end of year $74,427,460

Mission and programs · 2024

Mission

THE FOUNDATION GENERALLY SEEKS TO IMPROVE THE HEALTH OF THOSE IN NEED BY INVESTING IN COMMUNITY-LED INITIATIVES THAT ADVANCE HEALTH EQUITY.

Activities or mission (Part I)

THE MEDICA FOUNDATION FUNDS PROGRAMS THAT IMPROVE HEATH AND INCREASE ACCESS TO HEALTH CARE SERVICES

  • BEHAVIORAL HEALTH: WE SEEK PROPOSALS FOR PROGRAMS THAT IMPROVE THE HEALTH OUTCOMES FOR PEOPLE EXPERIENCING OR AT RISK OF SERIOUS MENTAL ILLNESS AND/OR SUBSTANCE USE DISORDERS. WE PRIORITIZE PROPOSALS THAT PROVIDE CULTURALLY-RESPONSIVE CARE AND STRATEGICALLY ALIGN THEIR WORK TO ADVANCE HEALTH EQUITY.WE PRIORITIZE PROPOSALS FOR PROGRAMS THAT IMPROVE THE MENTAL AND CHEMICAL HEALTH OF INDIVIDUALS BY ADDRESSING: BEHAVIORAL HEALTH WORKFORCE, CO-OCCURRING DISORDERS, INTEGRATION OF PHYSICAL AND BEHAVIORAL HEALTH CARE, SERVICE DELIVERY GAPS, SUPPORTIVE AND INTENSIVE CASE MANAGEMENT SERVICESELIGIBILITY: WE PROVIDE BEHAVIORAL HEALTH GRANT FUNDING TO SUPPORT CHEMICAL OR MENTAL HEALTH. PROGRAMMING THAT ADDRESSES THE LIFESTYLE BEHAVIORS OF INDIVIDUALS DOESN'T MEET OUR CRITERIA AND IS INELIGIBLE. PLEASE NOTE THAT THESE ARE PROGRAM GRANTS. ALTHOUGH WE DO NOT PROVIDE FULLY UNRESTRICTED FUNDING, OUR GRANTS CAN BE USED FOR EXPENSES NEEDED TO CARRY OUT THE PROGRAM, INCLUDING STAFF AND A PORTION FOR OVERHEAD.

    Expenses $1,500,000 · Grants $1,500,000

  • EARLY CHILDHOOD HEALTH: WE SEEK PROPOSALS FOR EARLY INTERVENTION PROGRAMS THAT SUPPORT FAMILIES AND CHILDREN, AND FOSTER OPTIMAL GROWTH AND DEVELOPMENT FOR CHILDREN FROM BIRTH THROUGH AGE 12. WE PRIORITIZE PROPOSALS THAT PROVIDE CULTURALLY FOCUSED CARE AND THAT STRATEGICALLY ALIGN THEIR WORK TO ADVANCE HEALTH EQUITY. WE PRIORITIZE PROPOSALS THAT ADDRESS: ABUSE PREVENTION, MATERNAL HEALTH AND BIRTH EQUITY (E.G., PRENATAL/PERINATAL CARE AND DOULA SUPPORT), ORAL HEALTH, PARENTING SKILLS, PRIMARY CARE AND IMMUNIZATIONS ELIGIBILITY: NON-HEALTH RELATED EDUCATION AND LIFESTYLE PROGRAMS, INCLUDING PHYSICAL ACTIVITY AND NUTRITION, ARE INELIGIBLE. PROGRAMS, SUCH AS CAMPS, THAT ARE ONE-TIME EXPERIENCES ARE ALSO INELIGIBLE. MENTAL HEALTH PROPOSALS FOR CHILDREN SHOULD BE SUBMITTED THROUGH OUR BEHAVIORAL HEALTH FUNDING AREA. PLEASE NOTE THAT THESE ARE PROGRAM GRANTS. ALTHOUGH WE DO NOT PROVIDE FULLY UNRESTRICTED FUNDING, OUR GRANTS CAN BE USED FOR EXPENSES NEEDED TO CARRY OUT THE PROGRAM, INCLUDING STAFF AND A PORTION FOR OVERHEAD.

    Expenses $400,000 · Grants $400,000

  • RURAL HEALTH: WE AIM TO FUND COMMUNITY-LED SOLUTIONS THAT ADDRESS HEALTH EQUITY IN RURAL COMMUNITIES. WE PRIORITIZE PROPOSALS THAT ADDRESS: CULTURALLY-FOCUSED CARE, DENTAL HEALTH, DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES AND PREVENTION, INDEPENDENT LIVING FOR SENIORS, MATERNAL AND BIRTH HEALTH, MENTAL HEALTH AND CHEMICAL HEALTH, PRIMARY CARE FOR UNDERSERVED COMMUNITIES, SEXUAL HEALTH, TRANSPORTATION FOR MEDICAL/HEALTH APPOINTMENTS. ELIGIBILITY: RURAL HEALTH GRANT RECIPIENTS ARE ELIGIBLE TO SUBMIT AN APPLICATION FOR FUNDING IN CONSECUTIVE YEARS. FUNDING IS LIMITED TO ORGANIZATIONS BASED OUTSIDE OF THE SEVEN-COUNTY TWIN CITIES METROPOLITAN AREA. ORGANIZATIONS SEEKING TO DO WORK WITHIN OUR SERVICE AREA BUT DO NOT HAVE A PHYSICAL PRESENCE IN GREATER MINNESOTA ARE INELIGIBLE. FUNDING REQUESTS FOR EVENTS, SPONSORSHIPS, SEMINARS, MUSEUMS, CAMPS, AND GENERAL HEALTH AND WELLNESS ACTIVITIES INCLUDING NUTRITION, EXERCISE, ETC., ARE INELIGIBLE.

    Expenses $400,000 · Grants $400,000

  • MEDICA FOUNDATION GENERAL FUNDING

    Expenses $350,000 · Grants $350,000

  • MEDICA FOUNDATION STRATEGIC GRANT

    Expenses $200,000 · Grants $200,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Buck

    DIRECTOR

    Total calculated
    $145,250
    From this org
    $0
    From related orgs
    $145,250
    Other
    $0
    Hours/week
    0 + 15 related
  • John Stanoch

    DIRECTOR & CHAIR

    Total calculated
    $128,500
    From this org
    $0
    From related orgs
    $128,500
    Other
    $0
    Hours/week
    0 + 10 related
  • Mary Twinem

    DIRECTOR & VICE CHAIR

    Total calculated
    $90,250
    From this org
    $0
    From related orgs
    $90,250
    Other
    $0
    Hours/week
    0 + 10 related
  • Gaye Adams Massey

    DIRECTOR

    Total calculated
    $87,750
    From this org
    $0
    From related orgs
    $87,750
    Other
    $0
    Hours/week
    0 + 10 related
  • Ugwuji Maduekwe

    DIRECTOR

    Total calculated
    $18,500
    From this org
    $0
    From related orgs
    $18,500
    Other
    $0
    Hours/week
    0 + 10 related
  • Elizabeth F Erickson

    PRESIDENT, CEO, & TREAS THRU 1/2024

    Total calculated
    $1,870,851
    From this org
    $0
    From related orgs
    $1,669,649
    Other
    $201,202
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $985,480 related
    Bonus
    $0 + $522,989 related
    Other
    $0 + $161,180 related
    Deferred
    $0 + $160,811 related
    Nontaxable benefits
    $0 + $40,391 related
    Filer's total
    $0 + $1,870,851 related
  • Mary P Quist

    SR. VP, FINANCE THRU 6/2024

    Total calculated
    $639,953
    From this org
    $0
    From related orgs
    $604,708
    Other
    $35,245
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,247 related
    Bonus
    $0 + $355,809 related
    Other
    $0 + $63,652 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $21,445 related
    Filer's total
    $0 + $639,953 related
  • Krista Dusil

    SVP, CFO, & TREASURER

    Total calculated
    $920,238
    From this org
    $0
    From related orgs
    $804,123
    Other
    $116,115
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,011 related
    Bonus
    $0 + $300,026 related
    Other
    $0 + $76,086 related
    Deferred
    $0 + $91,882 related
    Nontaxable benefits
    $0 + $24,233 related
    Filer's total
    $0 + $920,238 related
  • Alicia Reuter

    SVP & CHIEF LEGAL OFFICER, SECRETARY

    Total calculated
    $481,224
    From this org
    $0
    From related orgs
    $408,482
    Other
    $72,742
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,472 related
    Bonus
    $0 + $125,026 related
    Other
    $0 + $38,984 related
    Deferred
    $0 + $55,274 related
    Nontaxable benefits
    $0 + $17,468 related
    Filer's total
    $0 + $481,224 related
  • Samuel Leon

    FORMER DIRECTOR

    Total calculated
    $23,250
    From this org
    $0
    From related orgs
    $23,250
    Other
    $0
    Hours/week
    0 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $23,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $23,250 related
  • Mark L Baird

    FORMER SVP & CFO

    Total calculated
    $370,125
    From this org
    $0
    From related orgs
    $370,125
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $124,000 related
    Other
    $0 + $246,125 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $370,125 related
  • James P Jacobson

    FORMER SVP SEC & GEN COUNSEL

    Total calculated
    $403,815
    From this org
    $0
    From related orgs
    $403,815
    Other
    $0
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $403,815 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $403,815 related
  • David H Ellenbogen

    FORMER SVP SEC & GEN COUNSEL

    Total calculated
    $226,230
    From this org
    $0
    From related orgs
    $224,611
    Other
    $1,619
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $11,188 related
    Bonus
    $0
    Other
    $0 + $213,423 related
    Deferred
    $0 + $453 related
    Nontaxable benefits
    $0 + $1,166 related
    Filer's total
    $0 + $226,230 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MEDICA FOUNDATION, THE FILING ORGANIZATION DOES NOT PAY COMPENSATION. ALL COMPENSATION IS PAID BY MEDICA SERVICES COMPANY, A RELATED ORGANIZATION. WHEN ESTABLISHING COMPENSATION MEDICA SERVICES COMPANY USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
THE FOLLOWING RECEIVED A SUPPLEMENT NONQUALIFIED RETIREMENT PLAN PAYMENT FROM MEDICA SERVICES COMPANY, A RELATED ORGANIZATION: MARK L. BAIRD - $43,667 KRISTA DUSIL - $73,769 DAVID H. ELLENBOGEN - $213,151 ELIZABETH F. ERICKSON - $152,285 JAMES P. JACOBSON - $126,993 ALICIA REUTER - $37,500 MARY P. QUIST -$58,545
PART I, LINE 6
MANAGEMENT INCENTIVE COMPENSATION INCLUDES COMPONENTS RELATED TO THE ORGANIZATION'S OPERATING EARNINGS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MS COMMUNITY NFP JV (MFCJVN) LLC

    0 · MN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICA INSURANCE COMPANY

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

  • MEDICA SELF-INSURED

    C · THIRD PARTY ADMIN · MN

    Directly controlled by MAS

  • MEDICA AFFILIATED SERVICES (MAS)

    C · HOLDING COMPANY · MN

    Directly controlled by MHC

  • MEDICA HEALTH MANAGEMENT

    C · HEALTH MANAGEMENT · MN

    Directly controlled by MAS

  • MMSI INC

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

  • MEDICA SERVICES COMPANY LLC

    C · ADMIN SERVICES · MN

    Directly controlled by MAS

  • DEAN HEALTH PLAN INC

    C · HEALTH INSURANCE · WI

    Directly controlled by DHI

  • DEAN HEALTH INSURANCE INC (DHI)

    C · HEALTH INSURANCE · WI

    Directly controlled by MSCJV

  • MEDICA CENTRAL INSURANCE COMPANY

    C · HEALTH INSURANCE · MO

    Directly controlled by MSCJV

  • DEAN HEALTH SERVICES COMPANY LLC

    C · ADMIN SERVICES · WI

    Directly controlled by MSCJV

  • MS COMMUNITY JV LLC (MSCJV)

    C · HOLDING COMPANY · MN

    Directly controlled by MHC

  • MEDICA REGIONAL INSURANCE COMPANY

    C · HEALTH INSURANCE · MN

    Directly controlled by MAS

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503189349308750

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.