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Nonprofiteer
← MEDICA FOUNDATION

Form 990 for tax year 2023

Filed by MEDICA FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 5 March 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$5,992,092
Total expenses
$2,833,682
Contributions and grants received
$3,500,000
Grants paid
$2,190,000
Program service revenue
$0
Investment income
$2,492,092
Other revenue
$0
Total assets, end of year
$70,831,578
Total liabilities, end of year
$535,000
Net assets or fund balances, end of year
$70,296,578
Program services expenses (Part IX)
$2,190,000
Management and general expenses
$643,682
Fundraising expenses
$0
Program service expenses (Part III)
$2,190,000

Program services were 77.3% 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

    $3,500,000

  • 3 · Investment income

    total $1,741,378 · excluded $1,741,378

  • 7a · Gross sales of assets other than inventory

    securities $2,999,216

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

    securities $2,248,502

  • 7c · Gain or loss

    securities $750,714

  • 7d · Net gain or loss

    total $750,714 · excluded $750,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,190,000 · program services $2,190,000

  • 11f · Fees: investment management

    total $163,682 · management and general $163,682

  • 24a · Other expenses: LEASED EMPLOYEES

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

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 $326,830 · end of year $306,382

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $53,850 · end of year $67,766

  • 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 $61,242,778 · end of year $70,457,430

  • 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 $1,395,700 · end of year $535,000

  • 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 $60,227,758 · end of year $70,296,578

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 PRIORITIZE PROPOSALS THAT STRATEGICALLY ALIGN THEIR WORK TO ADVANCE HEALTH EQUITY ESPECIALLY FOR THE FOLLOWING COMMUNITIES: BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC), CHILDREN AND YOUTH, IMMIGRANTS AND REFUGEES, INDIVIDUALS EXPERIENCING HOMELESSNESS, INDIVIDUALS LIVING IN RURAL AREAS, INDIVIDUALS WHO ARE CURRENTLY OR FORMERLY INCARCERATED, LGBTQ+, SURVIVORS OF DOMESTIC AND/OR SEXUAL VIOLENCE, VETERANS, YOUTH IN OR AGING OUT OF FOSTER CARE.WE SEEK PROPOSALS THAT PROVIDE SUPPORT FOR PEOPLE EXPERIENCING SERIOUS MENTAL ILLNESS AND/OR SUBSTANCE USE DISORDERS. WE PRIORITIZE PROPOSALS THAT ADDRESS: BEHAVIORAL HEALTH WORKFORCE, CO-OCCURRING DISORDERS, CULTURALLY-FOCUSED CARE, 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.

    Expenses $700,000 · Grants $700,000

  • EARLY CHILDHOOD HEALTH: WE SEEK PROPOSALS THAT SUPPORT EARLY INTERVENTION PROGRAMS THAT FOSTER OPTIMAL GROWTH AND DEVELOPMENT FOR CHILDREN FROM BIRTH THROUGH AGE 12. WE PRIORITIZE PROPOSALS THAT STRATEGICALLY ALIGN THEIR WORK TO ADVANCE HEALTH EQUITY FOR THE FOLLOWING COMMUNITIES: BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC), IMMIGRANTS AND REFUGEES, INDIVIDUALS EXPERIENCING HOMELESSNESS, INDIVIDUALS LIVING IN RURAL AREAS, LGBTQ+, YOUTH IN OR AGING OUT OF FOSTER CAREWE'LL PRIORITIZE PROPOSALS THAT ADDRESS: ABUSE PREVENTION, CULTURALLY-FOCUSED CARE, EARLY CHILDHOOD HEALTH WORKFORCE, MATERNAL HEALTH AND BIRTH EQUITY (E.G., PRENATAL/PERINATAL CARE AND DOULA SUPPORT), ORAL HEALTH, PARENTING SKILLS, PRIMARY CARE AND IMMUNIZATIONS, SOCIAL-EMOTIONAL LEARNINGELIGIBILITY: 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.

    Expenses $400,000 · Grants $400,000

  • RURAL HEALTH: WE AIM TO FUND NONPROFIT, COMMUNITY-LED SOLUTIONS THAT ADDRESS HEALTH NEEDS AND SOCIAL DETERMINANTS OF HEALTH IN RURAL COMMUNITIES. WE PRIORITIZE PROPOSALS THAT SUPPORT THE FOLLOWING COMMUNITIES: BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) COMMUNITIES, CHILDREN AND YOUTH, FAMILIES, IMMIGRANTS AND REFUGEES, LGBTQ+ COMMUNITIES, SENIORS, SURVIVORS OF DOMESTIC AND/OR SEXUAL VIOLENCE, VETERANSWE PRIORITIZE PROPOSALS THAT ADDRESS: BEHAVIORAL HEALTH, CULTURALLY-FOCUSED CARE, DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES AND PREVENTION, EARLY CHILDHOOD HEALTH, ORAL HEALTH, PRIMARY CARE FOR UNDERSERVED COMMUNITIES, SENIOR CARE, SEXUAL HEALTH, TRANSPORTATIONELIGIBILITY: RURAL HEALTH GRANT RECIPIENTS ARE ELIGIBLE TO SUBMIT AN APPLICATION FOR FUNDING IN CONSECUTIVE YEARS. FUNDING IS LIMITED TO ORGANIZATIONS LOCATED AND BASED OUTSIDE OF THE SEVEN-COUNTY TWIN CITIES METROPOLITAN AREA IN MINNESOTA, WHERE FUNDRAISING IS CONDUCTED ON A SOLELY LOCAL LEVEL AND NOT SUPPORTED BY A MAIN OFFICE ELSEWHERE. 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, CAMPS, SPONSORSHIPS AND SEMINARS ARE INELIGIBLE.

    Expenses $400,000 · Grants $400,000

  • MEDICA FOUNDATION GENERAL FUNDING

    Expenses $290,000 · Grants $290,000

  • STRATEGIC GRANT

    Expenses $400,000 · Grants $400,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Buck

    DIRECTOR

    Total calculated
    $163,750
    From this org
    $0
    From related orgs
    $163,750
    Other
    $0
    Hours/week
    0 + 15 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $163,750 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $163,750 related

  • Samuel Leon

    DIRECTOR

    Total calculated
    $100,250
    From this org
    $0
    From related orgs
    $100,250
    Other
    $0
    Hours/week
    0 + 10 related

  • John Stanoch

    DIRECTOR & CHAIR

    Total calculated
    $121,250
    From this org
    $0
    From related orgs
    $121,250
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary Twinem

    DIRECTOR & VICE CHAIR

    Total calculated
    $111,000
    From this org
    $0
    From related orgs
    $111,000
    Other
    $0
    Hours/week
    0 + 10 related

  • Gaye Adams Massey

    DIRECTOR

    Total calculated
    $95,000
    From this org
    $0
    From related orgs
    $95,000
    Other
    $0
    Hours/week
    0 + 10 related

  • Mary P Quist

    TREASURER/INTERIM CFO (THRU 4/23)

    Total calculated
    $857,958
    From this org
    $0
    From related orgs
    $808,429
    Other
    $49,529
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,386 related
    Bonus
    $0 + $349,158 related
    Other
    $0 + $116,885 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $36,329 related
    Filer's total
    $0 + $857,958 related

  • David H Ellenbogen

    SVP SEC & GEN COUNSEL (THRU 12/23)

    Total calculated
    $818,602
    From this org
    $0
    From related orgs
    $773,584
    Other
    $45,018
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,024 related
    Bonus
    $0 + $249,087 related
    Other
    $0 + $117,473 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $31,818 related
    Filer's total
    $0 + $818,602 related

  • Elizabeth F Erickson

    PRESIDENT & CEO & CFO

    Total calculated
    $1,242,128
    From this org
    $0
    From related orgs
    $1,203,089
    Other
    $39,039
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,530 related
    Bonus
    $0 + $600,051 related
    Other
    $0 + $115,508 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,839 related
    Filer's total
    $0 + $1,242,128 related

  • Mark L Baird

    FORMER SVP & CFO

    Total calculated
    $552,044
    From this org
    $0
    From related orgs
    $552,044
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $329,888 related
    Other
    $0 + $222,156 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $552,044 related

  • James P Jacobson

    FORMER SVP SEC & GEN COUNSEL

    Total calculated
    $448,077
    From this org
    $0
    From related orgs
    $448,077
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $129,138 related
    Other
    $0 + $318,939 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $448,077 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 - $65,748 MARK L. BAIRD - $32,279 DAVID H. ELLENBOGEN - $62,813 JAMES P. JACOBSON - $91,442 ELIZABETH ERICKSON - $109,692

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

  • 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349303497

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