Totals
- Total revenue
- $3,194,571
- Total expenses
- $3,457,111
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,394,465
- Investment income
- $769,888
- Other revenue
- $30,218
- Total assets, end of year
- $23,245,635
- Total liabilities, end of year
- $1,462,284
- Net assets or fund balances, end of year
- $21,783,351
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,519,934 · related or exempt $1,519,934
-
2b · Program service revenue: PROGRAM SERVICES
total $421,794 · related or exempt $421,794
-
2c · Program service revenue: CME, ACCREDITATION SERVICES
total $292,089 · related or exempt $247,089 · unrelated business $45,000
-
2d · Program service revenue: LOBBYING
total $107,378 · related or exempt $0 · unrelated business $107,378
-
2e · Program service revenue: ADVERTISING
total $53,270 · unrelated business $53,270
-
3 · Investment income
total $435,465 · excluded $435,465
-
5 · Royalties
total $30,218 · excluded $30,218
-
7a · Gross sales of assets other than inventory
securities $15,760,272
-
7b · Less cost or other basis and sales expenses
securities $15,425,849
-
7c · Gain or loss
securities $334,423
-
7d · Net gain or loss
total $334,423 · excluded $334,423
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $532,856
-
7 · Other salaries and wages
total $1,412,196
-
8 · Pension plan contributions
total $75,983
-
9 · Other employee benefits
total $104,036
-
10 · Payroll taxes
total $133,346
-
11f · Fees: investment management
total $908
-
11g · Fees: other
total $757,019
-
13 · Office expenses
total $159,250
-
16 · Occupancy
total $32,634
-
17 · Travel
total $59,349
-
19 · Conferences, conventions and meetings
total $52,120
-
22 · Depreciation, depletion and amortization
total $13,670
-
23 · Insurance
total $33,303
-
24a · Other expenses: STAFF EXPENSES
total $56,789
-
24b · Other expenses: UBIT
total $33,329
-
24c · Other expenses: CORPORATE EXPENSES
total $323
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,531,051 · end of year $408,428
-
2 · Savings and temporary cash investments
beginning of year $217,067 · end of year $1,204,991
-
4 · Accounts receivable
beginning of year $49,319 · end of year $69,640
-
9 · Prepaid expenses and deferred charges
beginning of year $442,896 · end of year $382,986
-
10a · Land, buildings and equipment: cost or other basis
$536,977
-
10b · Land, buildings and equipment: accumulated depreciation
$536,977
-
10c · Land, buildings and equipment, net
beginning of year $13,669 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $19,793,167 · end of year $20,995,373
-
12 · Investments: other securities
beginning of year $106,607 · end of year $110,772
-
15 · Other assets
beginning of year $94,564 · end of year $73,445
-
17 · Accounts payable and accrued expenses
beginning of year $445,918 · end of year $296,836
-
19 · Deferred revenue
beginning of year $1,076,853 · end of year $957,080
-
25 · Other liabilities
beginning of year $200,167 · end of year $208,368
-
27 · Net assets without donor restrictions
beginning of year $20,525,402 · end of year $21,783,351
Mission and programs · 2023
Mission
TO BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE AND THE BEST PLACE TO PRACTICE.
Activities or mission (Part I)
BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE & THE BEST PLACE TO PRACTICE
-
FOUNDED IN 1853, THE MINNESOTA MEDICAL ASSOCIATION (MMA) IS THE STATE'S OLDEST AND LARGEST PROFESSIONAL MEMBERSHIP ASSOCIATION FOR PHYSICIANS AND PHYSICIANS-IN-TRAINING. THE MISSION OF THE MMA IS TO BE THE LEADING VOICE OF MEDICINE TO MAKE MINNESOTA THE HEALTHIEST STATE AND THE BEST PLACE TO PRACTICE. WITH MORE THAN 10,000 MEMBERS, THE MMA ADVANCES ITS MISSION BY EDUCATING, CONVENING, AND COLLABORATING WITH STAKEHOLDERS TO EFFECTIVELY ADVOCATE, ENGAGE, EMPOWER, AND INFORM MINNESOTA PHYSICIANS. THE MMA PUBLISHES A BI-MONTHLY MAGAZINE, MINNESOTA MEDICINE; A WEEKLY ELECTRONIC NEWSLETTER; AND MAINTAINS A WEBSITE. THE ORGANIZATION ACCREDITS ORGANIZATIONS TO DELIVER CONTINUING MEDICAL EDUCATION, AND DIRECTLY AND JOINTLY PROVIDES CONTINUING MEDICAL EDUCATION ACTIVITIES. MEMBERS ENGAGE WITH THE MMA BY VOLUNTEERING ON COMMITTEES, ATTENDING EVENTS, PARTICIPATING IN ADVOCACY, SERVING AS MENTORS, AND ACCESSING EDUCATION. KEY STRATEGIC OUTCOMES FOR THE MMA INCLUDE IMPROVED PATIENT AND POPULATION HEALTH; IMPROVED HEALTH EQUITY; PROFESSIONAL SATISFACTION AND WELL-BEING; INCREASED MEMBERSHIP VALUE AND ENGAGEMENT; AND EMPOWERED PHYSICIANS TO NAVIGATE EVOLVING SYSTEMS AND CHANGING ROLES.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edwin Bogonko MDEDWIN BOGONKO MD
CHAIR, BOARD OF TRUSTEES
- Total calculated
- $13,500
- From this org
- $13,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
William Nicholson MDWILLIAM NICHOLSON MD
PRESIDENT
- Total calculated
- $13,500
- From this org
- $13,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Laurel Ries MDLAUREL RIES MD
PRESIDENT-ELECT
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Randy Rice MDRANDY RICE MD
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly Tjaden MDKIMBERLY TJADEN MD
SECRETARY-TREASURER
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Lynn Cornell MDLYNN CORNELL MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Saam Dilmaghani MDSAAM DILMAGHANI MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Elfstrand MDELIZABETH ELFSTRAND MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lora Princ MDLORA PRINC MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dionne Hart MDDIONNE HART MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dania Kamp MDDANIA KAMP MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melissa EdgarMELISSA EDGAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David L Smith MDDAVID L SMITH MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amrit Singh MDAMRIT SINGH MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Thomas MDREBECCA THOMAS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gaurav Mehta MbbsGAURAV MEHTA MBBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Janet SilversmithJANET SILVERSMITH
CHIEF EXECUTIVE OFFICER
- Total calculated
- $328,967
- From this org
- $297,523
- From related orgs
- $0
- Other
- $31,444
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $297,523
- Bonus
- $0
- Other
- $0
- Deferred
- $28,946
- Nontaxable benefits
- $2,498
- Filer's total
- $328,967
-
Jon StenslandJON STENSLAND
CHIEF FINANCIAL OFFICER
- Total calculated
- $161,889
- From this org
- $144,057
- From related orgs
- $0
- Other
- $17,832
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,057
- Bonus
- $0
- Other
- $0
- Deferred
- $7,605
- Nontaxable benefits
- $10,227
- Filer's total
- $161,889
-
David RennerDAVID RENNER
DIRECTOR OF ADVOCACY
- Total calculated
- $174,194
- From this org
- $152,633
- From related orgs
- $0
- Other
- $21,561
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,633
- Bonus
- $0
- Other
- $0
- Deferred
- $8,022
- Nontaxable benefits
- $13,539
- Filer's total
- $174,194
-
Dan HauserDAN HAUSER
DIR OF COMMUNICATIONS & EDUCATION
- Total calculated
- $122,931
- From this org
- $105,851
- From related orgs
- $0
- Other
- $17,080
- Hours/week
- 40
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 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- JANET SILVERSMITH, $14,451
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
No itemized grants to organizations on this return.
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.
-
MINNESOTA MEDICAL ASSOCIATION FOUNDATION
501(C)(3) · PHILANTHROPY, INCLUDING SCHOLARSHIPS FOR MEDICAL STUDENTS · MN
-
MINNESOTA MEDICAL POLITICAL ACTION COMMITTEE
527 · POLITICAL ACTION COMMITTEE · MN
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.
-
THE MINNESOTA CREDENTIALING COLLABORATIVE LLC
RELATED · CREDENTIALING SERVICES · MN · 33.33% owned · share of income $28,414 · share of assets $17,596 · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MINNESOTA MEDICAL BUSINESS RESOURCES CORPORATION
C · CONSULTING AND VARIOUS BENEFIT PROGRAMS · MN · 100% owned · share of income $19,102 · share of assets $106,759 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413069349301771
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