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Nonprofiteer
← MEDICA FOUNDATION

Form 990 for tax year 2022

Filed by MEDICA FOUNDATION.

Totals

Total revenue
$4,948,323
Total expenses
$2,196,274
Contributions and grants received
$2,800,000
Grants paid
$1,395,700
Program service revenue
$0
Investment income
$2,148,323
Other revenue
$0
Total assets, end of year
$61,623,458
Total liabilities, end of year
$1,395,700
Net assets or fund balances, end of year
$60,227,758
Program services expenses (Part IX)
$1,395,700
Management and general expenses
$800,574
Fundraising expenses
$0
Program service expenses (Part III)
$1,395,700

Program services were 63.5% 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.

  • 1d · Related organizations

    $2,800,000

  • 3 · Investment income

    total $1,359,840 · excluded $1,359,840

  • 7a · Gross sales of assets other than inventory

    securities $1,856,071

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

    securities $1,067,588

  • 7c · Gain or loss

    securities $788,483

  • 7d · Net gain or loss

    total $788,483 · excluded $788,483

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,395,700 · program services $1,395,700

  • 11f · Fees: investment management

    total $200,574 · management and general $200,574

  • 24a · Other expenses: LEASED EMPLOYEES

    total $600,000 · management and general $600,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $480,757 · end of year $326,830

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $37,019 · end of year $53,850

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $70,353,993 · end of year $61,242,778

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $2,554,000 · end of year $1,395,700

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $68,317,769 · end of year $60,227,758

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 FOUNDATION FUNDS PROGRAMS THAT IMPROVE HEALTH AND INCREASE ACCESS TO HEALTH CARE SERVICES.

  • BEHAVIORAL HEALTH: THE BEHAVIORAL HEALTH FUNDING AREA SEEKS PROPOSALS FOR NEW OR EXPANDING PROGRAMS THAT PROVIDE SUPPORT FOR SERIOUS MENTAL ILLNESS AND CHEMICAL ADDICTION RECOVERY, INCLUDING PROGRAMS THAT ADDRESS GAPS IN CURRENT SERVICE; INTEGRATE PHYSICAL AND MENTAL HEALTH CARE; ADDRESS CO-OCCURRING DISORDERS AND PROVIDE SUPPORTIVE AND INTENSIVE CASE MANAGEMENT SERVICES. ORGANIZATIONS EXHIBITING TRAUMA-SENSITIVE PRACTICES AND USING A STRENGTHS-BASED APPROACH TO CARE ARE PREFERRED.

    Expenses $345,000 · Grants $345,000

  • EARLY CHILDHOOD HEALTH: THE EARLY CHILDHOOD HEALTH FUNDING AREA SEEKS PROPOSALS FOR NEW OR EXPANDING EARLY INTERVENTION PROGRAMS THAT FOCUS ON DEVELOPING HEALTHY FAMILIES TO FOSTER OPTIMAL GROWTH AND DEVELOPMENT OF YOUNG CHILDREN. PROGRAMS SHOULD EMBRACE THE NEEDS OF THE WHOLE-CHILD/WHOLE-FAMILY AND MAY INCORPORATE THE HEALTH AND WELLBEING COMPONENTS OF THE TWO-GENERATION APPROACH THAT IS CENTRAL TO SUPPORTING CHILDREN AND PARENTS SIMULTANEOUSLY. PROGRAMMING FOCUSES ON CHILDREN BIRTH THROUGH AGE TWELVE AND MAY INVOLVE PARENTS, CAREGIVERS, HEALTH CARE PROVIDERS, SCHOOLS, SHELTERS, EARLY CHILDHOOD PROGRAMS AND THE OVERALL COMMUNITY. ORGANIZATIONS EXHIBITING TRAUMA-SENSITIVE PRACTICES AND USING A STRENGTHS-BASED APPROACH TO CARE ARE PREFERRED.

    Expenses $250,000 · Grants $250,000

  • RURAL HEALTH: RURAL AREAS HAVE SPECIFIC HEALTH NEEDS THAT ARE UNDERSTOOD BEST BY THOSE WITHIN THEIR OWN COMMUNITIES. WE AIM TO SUPPORT COMMUNITY-LED SOLUTIONS TO HEALTH CONCERNS WITH THE NONPROFITS IN THOSE AREAS. THIS FUNDING AREA SUPPORTS HEALTH-RELATED PROGRAMMING THAT IS ESSENTIAL TO AN ORGANIZATION?S NONPROFIT MISSION.

    Expenses $308,200 · Grants $308,200

  • MEDICA FOUNDATION GENERAL FUNDING

    Expenses $292,500 · Grants $292,500

  • STRATEGIC GRANT

    Expenses $200,000 · Grants $200,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Buck

    DIRECTOR

    Total calculated
    $133,000
    From this org
    $0
    From related orgs
    $133,000
    Other
    $0
    Hours/week
    0 + 15 related

  • Samuel Leon

    DIRECTOR

    Total calculated
    $80,750
    From this org
    $0
    From related orgs
    $80,750
    Other
    $0
    Hours/week
    0 + 10 related

  • John Stanoch

    DIRECTOR & CHAIR

    Total calculated
    $92,625
    From this org
    $0
    From related orgs
    $92,625
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary Twinem

    DIRECTOR & VICE CHAIR

    Total calculated
    $87,375
    From this org
    $0
    From related orgs
    $87,375
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary P Quist

    SVP FIN & CORP CONTROLLER

    Total calculated
    $718,936
    From this org
    $0
    From related orgs
    $663,642
    Other
    $55,294
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,723 related
    Bonus
    $0 + $268,265 related
    Other
    $0 + $65,654 related
    Deferred
    $0 + $23,638 related
    Nontaxable benefits
    $0 + $31,656 related
    Filer's total
    $0 + $718,936 related

  • Mark L Baird

    SVP & CFO

    Total calculated
    $1,067,504
    From this org
    $0
    From related orgs
    $1,039,962
    Other
    $27,542
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,343 related
    Bonus
    $0 + $548,698 related
    Other
    $0 + $154,921 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $15,342 related
    Filer's total
    $0 + $1,067,504 related

  • David H Ellenbogen

    SVP SEC & GENERAL COUNSEL

    Total calculated
    $835,374
    From this org
    $0
    From related orgs
    $735,741
    Other
    $99,633
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,550 related
    Bonus
    $0 + $261,312 related
    Other
    $0 + $78,879 related
    Deferred
    $0 + $74,554 related
    Nontaxable benefits
    $0 + $25,079 related
    Filer's total
    $0 + $835,374 related

  • Esther Tomljanovich

    FORMER DIRECTOR

    Total calculated
    $11,500
    From this org
    $0
    From related orgs
    $11,500
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $11,500 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $11,500 related

  • James P Jacobson

    FORMER SVP & GEN COUNSEL

    Total calculated
    $595,469
    From this org
    $0
    From related orgs
    $595,469
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $124,339 related
    Other
    $0 + $471,130 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $595,469 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 6
MANAGEMENT INCENTIVE COMPENSATION INCLUDES COMPONENTS RELATED TO THE ORGANIZATION'S OPERATING EARNINGS.
PART-I LINE-4B
THE FOLLOWING RECEIVED A SUPPLEMENT NONQUALIFIED RETIREMENT PLAN PAYMENT FROM MEDICA SERVICES COMPANY, A RELATED ORGANIZATION: MARY P. QUIST - $58,551 MARK L. BAIRD - $84,354 DAVID H. ELLENBOGEN - $75,880 JAMES P. JACOBSON - $150,790

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 · HOLDING COMPANY · MN

    Directly controlled by MHC

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

  • SSM HEALTH 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
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202303129349304455

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